DIRK NAERT: 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 NAERT
Largest movements
- Cash +€19,167
up €19,167 (+12.4%), from €154,830 to €173,998
mainly Depreciation (+€17,097) and Net result for the year (+€3,107)
- Tangible fixed assets -€17,097
down €17,097 (-33.5%), from €51,110 to €34,013
of which Furniture and vehicles: -€15,600
- Receivables within one year +€3,408
up €3,408 (+23.6%), from €14,419 to €17,827
of which Trade receivables: +€7,892
- Profit (loss) carried forward +€3,107
up €3,107 (+16.9%), from -€18,410 to -€15,303
- Gross operating margin +€10,139
up €10,139 (+92.2%), from €10,993 to €21,132
- Financial income -€493
down €493 (-77.5%), from €636 to €143
- Other operating charges -€451
down €451 (-34.5%), from €1,305 to €855
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 | €233,917 | €237,405 | +€3,488 | +1.5% |
| Fixed assets | 21/28 | €51,110 | €34,013 | -€17,097 | -33.5% |
| Tangible fixed assets | 22/27 | €51,110 | €34,013 | -€17,097 | -33.5% |
| Plant, machinery and equipment | 23 | €3,963 | €2,465 | -€1,498 | -37.8% |
| Furniture and vehicles | 24 | €47,147 | €31,548 | -€15,600 | -33.1% |
| Current assets | 29/58 | €182,807 | €203,392 | +€20,585 | +11.3% |
| Stocks and contracts in progress | 3 | €11,751 | €11,481 | -€270 | -2.3% |
| Stocks | 30/36 | €11,751 | €11,481 | -€270 | -2.3% |
| Amounts receivable within one year | 40/41 | €14,419 | €17,827 | +€3,408 | +23.6% |
| Trade receivables | 40 | €7,529 | €15,421 | +€7,892 | +105% |
| Other amounts receivable | 41 | €6,890 | €2,406 | -€4,485 | -65.1% |
| Cash at bank and in hand | 54/58 | €154,830 | €173,998 | +€19,167 | +12.4% |
| Deferred charges and accrued income | 490/1 | €1,807 | €86 | -€1,720 | -95.2% |
| Total equity and liabilities | 10/49 | €233,917 | €237,405 | +€3,488 | +1.5% |
| Equity | 10/15 | €232,734 | €235,841 | +€3,107 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €232,545 | €232,545 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €230,685 | €230,685 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,410 | -€15,303 | +€3,107 | +16.9% |
| Amounts payable | 17/49 | €1,183 | €1,563 | +€380 | +32.2% |
| Amounts payable within one year | 42/48 | €1,183 | €1,563 | +€380 | +32.2% |
| Trade debts | 44 | €1,084 | €417 | -€668 | -61.6% |
| Suppliers | 440/4 | €1,084 | €417 | -€668 | -61.6% |
| Taxes, remuneration and social security | 45 | €98 | €579 | +€480 | +488% |
| Taxes | 450/3 | €98 | €579 | +€480 | +488% |
| Other amounts payable | 47/48 | - | €568 | +€568 | |
| Non-recurring operating income | 76A | €9,030 | €15,000 | +€5,970 | +66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,296 | €17,097 | -€199 | -1.2% |
| Other operating charges | 640/8 | €1,305 | €855 | -€451 | -34.5% |
| Gross operating margin | 9900 | €10,993 | €21,132 | +€10,139 | +92.2% |
| Operating profit (loss) | 9901 | -€7,608 | €3,180 | +€10,789 | |
| Financial income | 75/76B | €636 | €143 | -€493 | -77.5% |
| Recurring financial income | 75 | €636 | €143 | -€493 | -77.5% |
| Financial charges | 65/66B | €54 | €57 | +€3 | +6.0% |
| Recurring financial charges | 65 | €54 | €57 | +€3 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,026 | €3,266 | +€10,292 | |
| Income taxes | 67/77 | €207 | €159 | -€48 | -23.3% |
| Profit (loss) for the period | 9904 | -€7,233 | €3,107 | +€10,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,233 | €3,107 | +€10,341 |
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 24 October 2026 via checked.be.