DIRK JANSEN: what changed
Two fiscal 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 JANSEN
Largest movements
- Stocks and contracts -€186,865
down €186,865 (-94.1%), from €198,664 to €11,798
- Cash +€11,390
up €11,390 (+272.8%), from €4,174 to €15,564
mainly Stocks and contracts (+€186,865) and Depreciation (+€7,254)
- Receivables within one year +€4,878
up €4,878 (+29.0%), from €16,823 to €21,702
of which Trade receivables: +€6,234
- Short-term financial debts -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Other debts -€35,274
down €35,274 (-88.6%), from €39,805 to €4,531
- Trade debts -€8,919
down €8,919 (-53.0%), from €16,831 to €7,913
- Current portion of long-term debt -€4,758
down €4,758 (-100.0%), from €4,758 to €0
- Reserves +€4,247
up €4,247 (+18.8%), from €22,601 to €26,847
- Gross operating margin -€10,552
down €10,552 (-36.4%), from €28,982 to €18,430
- Financial income +€5,651
up €5,651 (+1744.7%), from €324 to €5,975
of which Non-recurring financial income: +€5,122
- Financial charges -€3,432
down €3,432 (-32.8%), from €10,453 to €7,021
- Other operating charges -€2,051
down €2,051 (-36.3%), from €5,655 to €3,604
- Depreciation -€523
down €523 (-6.7%), from €7,777 to €7,254
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.
Cash bridge derived
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 | €236,612 | €66,720 | -€169,892 | -71.8% |
| Fixed assets | 21/28 | €13,238 | €12,563 | -€675 | -5.1% |
| Tangible fixed assets | 22/27 | €13,188 | €12,563 | -€625 | -4.7% |
| Plant, machinery and equipment | 23 | €2,338 | €7,777 | +€5,439 | +232.7% |
| Furniture and vehicles | 24 | €10,850 | €4,785 | -€6,065 | -55.9% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €223,374 | €54,158 | -€169,216 | -75.8% |
| Stocks and contracts in progress | 3 | €198,664 | €11,798 | -€186,865 | -94.1% |
| Stocks | 30/36 | €198,664 | €11,798 | -€186,865 | -94.1% |
| Amounts receivable within one year | 40/41 | €16,823 | €21,702 | +€4,878 | +29.0% |
| Trade receivables | 40 | €11,066 | €17,299 | +€6,234 | +56.3% |
| Other amounts receivable | 41 | €5,758 | €4,402 | -€1,356 | -23.5% |
| Cash at bank and in hand | 54/58 | €4,174 | €15,564 | +€11,390 | +272.8% |
| Deferred charges and accrued income | 490/1 | €3,713 | €5,094 | +€1,381 | +37.2% |
| Total equity and liabilities | 10/49 | €236,612 | €66,720 | -€169,892 | -71.8% |
| Equity | 10/15 | €41,201 | €45,447 | +€4,247 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,601 | €26,847 | +€4,247 | +18.8% |
| Distributable reserves | 133 | €22,601 | €26,847 | +€4,247 | +18.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €195,412 | €21,273 | -€174,139 | -89.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €191,776 | €21,123 | -€170,653 | -89.0% |
| Current portion of amounts payable after more than one year | 42 | €4,758 | €0 | -€4,758 | -100.0% |
| Financial debts | 43 | €125,000 | €0 | -€125,000 | -100.0% |
| Credit institutions | 430/8 | €125,000 | €0 | -€125,000 | -100.0% |
| Trade debts | 44 | €16,831 | €7,913 | -€8,919 | -53.0% |
| Suppliers | 440/4 | €16,831 | €7,913 | -€8,919 | -53.0% |
| Taxes, remuneration and social security | 45 | €5,382 | €8,680 | +€3,298 | +61.3% |
| Taxes | 450/3 | €5,382 | €6,430 | +€1,048 | +19.5% |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €39,805 | €4,531 | -€35,274 | -88.6% |
| Accrued charges and deferred income | 492/3 | €3,636 | €150 | -€3,486 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,777 | €7,254 | -€523 | -6.7% |
| Other operating charges | 640/8 | €5,655 | €3,604 | -€2,051 | -36.3% |
| Gross operating margin | 9900 | €28,982 | €18,430 | -€10,552 | -36.4% |
| Operating profit (loss) | 9901 | €15,549 | €7,572 | -€7,978 | -51.3% |
| Financial income | 75/76B | €324 | €5,975 | +€5,651 | +1744.7% |
| Recurring financial income | 75 | €324 | €853 | +€529 | +163.4% |
| Non-recurring financial income | 76B | - | €5,122 | +€5,122 | |
| Financial charges | 65/66B | €10,453 | €7,021 | -€3,432 | -32.8% |
| Recurring financial charges | 65 | €10,453 | €7,021 | -€3,432 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €5,421 | €6,526 | +€1,105 | +20.4% |
| Income taxes | 67/77 | €1,901 | €2,279 | +€379 | +19.9% |
| Profit (loss) for the period | 9904 | €3,520 | €4,247 | +€727 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,520 | €4,247 | +€727 | +20.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.