Dirk L. Stoop: 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 L. Stoop
Largest movements
- Cash -€501,165
down €501,165 (-79.8%), from €628,202 to €127,037
mainly Tax, wage and social debts (-€310,609) and Current investments (-€260,693)
- Current investments +€260,693
up €260,693 (+4.5%), from €5.8m to €6.0m
- Tax, wage and social debts -€310,609
down €310,609 (-98.5%), from €315,457 to €4,848
of which Taxes: -€310,609
- Reserves +€82,826
up €82,826 (+1.4%), from €5.8m to €5.9m
of which Distributable reserves: +€124,926
- Financial charges -€105,425
down €105,425 (-57.4%), from €183,685 to €78,260
- Taxes +€25,589
up €25,589 (+111.6%), from €22,931 to €48,521
- Gross operating margin +€21,005
up €21,005 (+95.6%), from -€21,970 to -€965
- Financial income +€4,477
up €4,477 (+2.1%), from €209,577 to €214,054
- Other operating charges -€596
down €596 (-22.1%), from €2,697 to €2,101
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 | €6,481,373 | €6,257,029 | -€224,344 | -3.5% |
| Fixed assets | 21/28 | €3,811 | €2,436 | -€1,375 | -36.1% |
| Tangible fixed assets | 22/27 | €3,771 | €2,391 | -€1,380 | -36.6% |
| Furniture and vehicles | 24 | €3,771 | €2,391 | -€1,380 | -36.6% |
| Financial fixed assets | 28 | €40 | €45 | +€5 | +12.5% |
| Current assets | 29/58 | €6,477,562 | €6,254,593 | -€222,969 | -3.4% |
| Amounts receivable within one year | 40/41 | €68,341 | €85,747 | +€17,406 | +25.5% |
| Trade receivables | 40 | €17,722 | €61 | -€17,662 | -99.7% |
| Other amounts receivable | 41 | €50,618 | €85,686 | +€35,068 | +69.3% |
| Current investments | 50/53 | €5,778,848 | €6,039,542 | +€260,693 | +4.5% |
| Cash at bank and in hand | 54/58 | €628,202 | €127,037 | -€501,165 | -79.8% |
| Deferred charges and accrued income | 490/1 | €2,171 | €2,267 | +€97 | +4.5% |
| Total equity and liabilities | 10/49 | €6,481,373 | €6,257,029 | -€224,344 | -3.5% |
| Equity | 10/15 | €6,074,384 | €6,157,210 | +€82,826 | +1.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €5,774,384 | €5,857,210 | +€82,826 | +1.4% |
| Tax-exempt reserves | 132 | €947,250 | €905,150 | -€42,100 | -4.4% |
| Distributable reserves | 133 | €4,827,134 | €4,952,060 | +€124,926 | +2.6% |
| Amounts payable | 17/49 | €406,989 | €99,819 | -€307,171 | -75.5% |
| Amounts payable within one year | 42/48 | €400,550 | €94,155 | -€306,395 | -76.5% |
| Trade debts | 44 | €7,010 | €6,744 | -€266 | -3.8% |
| Suppliers | 440/4 | €7,010 | €6,744 | -€266 | -3.8% |
| Taxes, remuneration and social security | 45 | €315,457 | €4,848 | -€310,609 | -98.5% |
| Taxes | 450/3 | €315,457 | €4,848 | -€310,609 | -98.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €78,083 | €82,563 | +€4,480 | +5.7% |
| Accrued charges and deferred income | 492/3 | €6,440 | €5,664 | -€776 | -12.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,380 | €1,380 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,697 | €2,101 | -€596 | -22.1% |
| Non-recurring operating charges | 66A | €25,908 | €0 | -€25,908 | -100.0% |
| Gross operating margin | 9900 | -€21,970 | -€965 | +€21,005 | +95.6% |
| Operating profit (loss) | 9901 | -€51,956 | -€4,446 | +€47,509 | +91.4% |
| Financial income | 75/76B | €209,577 | €214,054 | +€4,477 | +2.1% |
| Recurring financial income | 75 | €209,577 | €214,054 | +€4,477 | +2.1% |
| Financial charges | 65/66B | €183,685 | €78,260 | -€105,425 | -57.4% |
| Recurring financial charges | 65 | €183,685 | €78,260 | -€105,425 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,064 | €131,347 | +€157,411 | |
| Income taxes | 67/77 | €22,931 | €48,521 | +€25,589 | +111.6% |
| Profit (loss) for the period | 9904 | -€48,995 | €82,826 | +€131,821 | |
| Transfer from tax-exempt reserves | 789 | €147,350 | €42,100 | -€105,250 | -71.4% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €98,355 | €124,926 | +€26,571 | +27.0% |
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.