Dirk Haesaert: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Dirk Haesaert
Largest movements
- Tangible fixed assets -€16,890
down €16,890 (-93.9%), from €17,984 to €1,094
of which Furniture and vehicles: -€16,966
- Receivables within one year +€7,438
up €7,438 (+11.7%), from €63,396 to €70,835
of which Other amounts receivable: +€6,873
- Profit (loss) carried forward -€8,968
down €8,968 (-23.8%), from -€37,687 to -€46,655
- Financial income +€8,115
up €8,115 (+155%), from €5,227 to €13,342
- Gross operating margin +€5,607
up €5,607 (+63.4%), from -€8,849 to -€3,242
- Depreciation -€1,008
down €1,008 (-5.5%), from €18,292 to €17,283
- Financial charges +€169
up €169 (+18.2%), from €933 to €1,102
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,370 | €132,411 | -€8,958 | -6.3% |
| Fixed assets | 21/28 | €18,984 | €2,094 | -€16,890 | -89.0% |
| Tangible fixed assets | 22/27 | €17,984 | €1,094 | -€16,890 | -93.9% |
| Plant, machinery and equipment | 23 | €1,009 | €1,085 | +€76 | +7.5% |
| Furniture and vehicles | 24 | €16,975 | €9 | -€16,966 | -99.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €122,386 | €130,318 | +€7,932 | +6.5% |
| Amounts receivable within one year | 40/41 | €63,396 | €70,835 | +€7,438 | +11.7% |
| Trade receivables | 40 | €0 | €565 | +€565 | |
| Other amounts receivable | 41 | €63,396 | €70,269 | +€6,873 | +10.8% |
| Current investments | 50/53 | €57,775 | €57,775 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €781 | €1,237 | +€455 | +58.3% |
| Deferred charges and accrued income | 490/1 | €434 | €472 | +€38 | +8.8% |
| Total equity and liabilities | 10/49 | €141,370 | €132,411 | -€8,958 | -6.3% |
| Equity | 10/15 | €139,173 | €130,205 | -€8,968 | -6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €170,660 | €170,660 | = | 0.0% |
| Distributable reserves | 133 | €170,660 | €170,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,687 | -€46,655 | -€8,968 | -23.8% |
| Amounts payable | 17/49 | €2,197 | €2,206 | +€10 | +0.4% |
| Amounts payable within one year | 42/48 | €2,197 | €2,206 | +€10 | +0.4% |
| Trade debts | 44 | €2,197 | €2,206 | +€10 | +0.4% |
| Suppliers | 440/4 | €2,197 | €2,206 | +€10 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,292 | €17,283 | -€1,008 | -5.5% |
| Other operating charges | 640/8 | €450 | €400 | -€51 | -11.3% |
| Gross operating margin | 9900 | -€8,849 | -€3,242 | +€5,607 | +63.4% |
| Operating profit (loss) | 9901 | -€27,591 | -€20,926 | +€6,666 | +24.2% |
| Financial income | 75/76B | €5,227 | €13,342 | +€8,115 | +155% |
| Recurring financial income | 75 | €5,227 | €13,342 | +€8,115 | +155% |
| Financial charges | 65/66B | €933 | €1,102 | +€169 | +18.2% |
| Recurring financial charges | 65 | €933 | €1,102 | +€169 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,297 | -€8,686 | +€14,611 | +62.7% |
| Income taxes | 67/77 | €296 | €282 | -€14 | -4.6% |
| Profit (loss) for the period | 9904 | -€23,593 | -€8,968 | +€14,625 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,593 | -€8,968 | +€14,625 | +62.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.