DIRK HERMANS: 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.
What changed
DIRK HERMANS
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€38,150
2024 · €48,996-€10,846
Equity
€614,963
2024 · €576,812+€38,150
Cash
€39,022
2024 · €34,411+€4,611
Balance sheet total
€1.4m
2024 · €1.4m-€53,765
Largest movements
Assets
- Tangible fixed assets -€59,391
down €59,391 (-4.3%), from €1.4m to €1.3m
of which Land and buildings: -€38,802
Equity and liabilities
- Debts after one year -€87,253
down €87,253 (-11.9%), from €731,395 to €644,142
- Profit (loss) carried forward +€38,150
up €38,150 (+7.0%), from €543,812 to €581,963
Income statement
- Gross operating margin -€12,424
down €12,424 (-6.0%), from €207,129 to €194,705
- Taxes -€6,677
down €6,677 (-26.6%), from €25,056 to €18,379
- Other operating charges +€2,533
up €2,533 (+35.3%), from €7,173 to €9,705
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.
Result 2024
€48,996
Gross operating margin
-€12,424
Staff costs
-€344
Depreciation
-€578
Other operating charges
-€2,533
Financial income
+€14
Financial charges
-€1,658
Taxes
+€6,677
Result 2025
€38,150
raises the resultlowers the result
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.
From operations
+€105,063
Investment
-€12,367
Financing
-€88,085
Cash 2024
€34,411
From operations (derived)
+€105,063
Net result for the year
+€38,150
Depreciation
+€71,508
Receivables within one year
-€1,891
Deferred charges and accrued income
+€1,126
Trade debts
-€3,189
Tax, wage and social debts
-€4,909
Other debts
-€713
Accrued charges and deferred income
+€4,982
Investment (derived)
-€12,367
Investment in fixed assets (net)
-€12,367
Financing
-€88,085
Debts after one year
-€87,253
Current portion of long-term debt
-€832
Cash 2025
€39,022
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,443,376 | €1,389,612 | -€53,765 | -3.7% |
| Fixed assets | 21/28 | €1,392,245 | €1,333,104 | -€59,141 | -4.2% |
| Tangible fixed assets | 22/27 | €1,390,005 | €1,330,614 | -€59,391 | -4.3% |
| Land and buildings | 22 | €1,285,524 | €1,246,721 | -€38,802 | -3.0% |
| Plant, machinery and equipment | 23 | €13,549 | €9,300 | -€4,250 | -31.4% |
| Furniture and vehicles | 24 | €90,932 | €74,594 | -€16,339 | -18.0% |
| Financial fixed assets | 28 | €2,240 | €2,490 | +€250 | +11.2% |
| Current assets | 29/58 | €51,131 | €56,507 | +€5,376 | +10.5% |
| Amounts receivable within one year | 40/41 | €13,615 | €15,506 | +€1,891 | +13.9% |
| Trade receivables | 40 | €5,792 | €5,607 | -€185 | -3.2% |
| Other amounts receivable | 41 | €7,823 | €9,899 | +€2,076 | +26.5% |
| Cash at bank and in hand | 54/58 | €34,411 | €39,022 | +€4,611 | +13.4% |
| Deferred charges and accrued income | 490/1 | €3,106 | €1,980 | -€1,126 | -36.2% |
| Total equity and liabilities | 10/49 | €1,443,376 | €1,389,612 | -€53,765 | -3.7% |
| Equity | 10/15 | €576,812 | €614,963 | +€38,150 | +6.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €543,812 | €581,963 | +€38,150 | +7.0% |
| Amounts payable | 17/49 | €866,564 | €774,649 | -€91,915 | -10.6% |
| Amounts payable after more than one year | 17 | €731,395 | €644,142 | -€87,253 | -11.9% |
| Financial debts | 170/4 | €731,395 | €644,142 | -€87,253 | -11.9% |
| Amounts payable within one year | 42/48 | €134,534 | €124,891 | -€9,643 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €83,285 | €82,453 | -€832 | -1.0% |
| Trade debts | 44 | €13,440 | €10,251 | -€3,189 | -23.7% |
| Suppliers | 440/4 | €13,440 | €10,251 | -€3,189 | -23.7% |
| Taxes, remuneration and social security | 45 | €31,724 | €26,815 | -€4,909 | -15.5% |
| Taxes | 450/3 | €26,447 | €19,515 | -€6,932 | -26.2% |
| Remuneration and social security | 454/9 | €5,276 | €7,299 | +€2,023 | +38.3% |
| Other amounts payable | 47/48 | €6,085 | €5,373 | -€713 | -11.7% |
| Accrued charges and deferred income | 492/3 | €635 | €5,616 | +€4,982 | +785% |
| Remuneration, social security and pensions | 62 | €41,982 | €42,326 | +€344 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,930 | €71,508 | +€578 | +0.8% |
| Other operating charges | 640/8 | €7,173 | €9,705 | +€2,533 | +35.3% |
| Gross operating margin | 9900 | €207,129 | €194,705 | -€12,424 | -6.0% |
| Operating profit (loss) | 9901 | €87,044 | €71,165 | -€15,879 | -18.2% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €12,992 | €14,651 | +€1,658 | +12.8% |
| Recurring financial charges | 65 | €12,992 | €14,651 | +€1,658 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €74,052 | €56,529 | -€17,523 | -23.7% |
| Income taxes | 67/77 | €25,056 | €18,379 | -€6,677 | -26.6% |
| Profit (loss) for the period | 9904 | €48,996 | €38,150 | -€10,846 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,996 | €38,150 | -€10,846 | -22.1% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.