DIRK NOLLET: 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 NOLLET
Largest movements
- Current investments -€35,181
down €35,181 (-41.7%), from €84,297 to €49,115
- Cash -€2,375
down €2,375 (-6.1%), from €38,652 to €36,276
mainly Contributions, distributions and other (-€28,037) and Other debts (-€15,813)
- Receivables within one year -€1,955
down €1,955 (-31.2%), from €6,261 to €4,306
of which Trade receivables: -€1,114
- Reserves -€23,058
down €23,058 (-72.5%), from €31,822 to €8,763
- Other debts -€15,813
down €15,813 (-20.7%), from €76,312 to €60,500
- Accrued charges and deferred income -€1,536
down €1,536 (-31.1%), from €4,940 to €3,404
- Financial income +€4,346
new in 2025: €4,346
- Taxes +€1,717
up €1,717 (+260.6%), from €659 to €2,376
- Financial charges -€1,075
down €1,075 (-19.9%), from €5,394 to €4,320
- Write-downs +€573
up €573, from -€573 to €0
- Depreciation -€269
down €269 (-32.9%), from €818 to €548
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 | €133,753 | €93,757 | -€39,996 | -29.9% |
| Fixed assets | 21/28 | €935 | €960 | +€24 | +2.6% |
| Tangible fixed assets | 22/27 | €885 | €910 | +€24 | +2.8% |
| Furniture and vehicles | 24 | €885 | €910 | +€24 | +2.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €132,818 | €92,798 | -€40,020 | -30.1% |
| Stocks and contracts in progress | 3 | €3,608 | €3,100 | -€508 | -14.1% |
| Stocks | 30/36 | €3,608 | €3,100 | -€508 | -14.1% |
| Amounts receivable within one year | 40/41 | €6,261 | €4,306 | -€1,955 | -31.2% |
| Trade receivables | 40 | €5,420 | €4,306 | -€1,114 | -20.6% |
| Other amounts receivable | 41 | €841 | €0 | -€841 | -100.0% |
| Current investments | 50/53 | €84,297 | €49,115 | -€35,181 | -41.7% |
| Cash at bank and in hand | 54/58 | €38,652 | €36,276 | -€2,375 | -6.1% |
| Total equity and liabilities | 10/49 | €133,753 | €93,757 | -€39,996 | -29.9% |
| Equity | 10/15 | €50,422 | €27,363 | -€23,058 | -45.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,822 | €8,763 | -€23,058 | -72.5% |
| Distributable reserves | 133 | €31,822 | €8,763 | -€23,058 | -72.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €83,331 | €66,394 | -€16,937 | -20.3% |
| Amounts payable within one year | 42/48 | €78,392 | €62,990 | -€15,402 | -19.6% |
| Trade debts | 44 | €1,359 | €1,430 | +€72 | +5.3% |
| Suppliers | 440/4 | €1,359 | €1,430 | +€72 | +5.3% |
| Taxes, remuneration and social security | 45 | €721 | €1,060 | +€339 | +47.1% |
| Taxes | 450/3 | €721 | €1,060 | +€339 | +47.1% |
| Other amounts payable | 47/48 | €76,312 | €60,500 | -€15,813 | -20.7% |
| Accrued charges and deferred income | 492/3 | €4,940 | €3,404 | -€1,536 | -31.1% |
| Non-recurring operating income | 76A | €207 | €0 | -€207 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €818 | €548 | -€269 | -32.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€573 | €0 | +€573 | |
| Other operating charges | 640/8 | €513 | €462 | -€51 | -10.0% |
| Non-recurring operating charges | 66A | €573 | €0 | -€573 | -100.0% |
| Gross operating margin | 9900 | €8,524 | €8,339 | -€186 | -2.2% |
| Operating profit (loss) | 9901 | €7,193 | €7,328 | +€135 | +1.9% |
| Financial income | 75/76B | - | €4,346 | +€4,346 | |
| Recurring financial income | 75 | - | €4,346 | +€4,346 | |
| Financial charges | 65/66B | €5,394 | €4,320 | -€1,075 | -19.9% |
| Recurring financial charges | 65 | €5,394 | €4,320 | -€1,075 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €1,799 | €7,355 | +€5,556 | +308.9% |
| Income taxes | 67/77 | €659 | €2,376 | +€1,717 | +260.6% |
| Profit (loss) for the period | 9904 | €1,140 | €4,979 | +€3,839 | +336.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,140 | €4,979 | +€3,839 | +336.7% |
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 10 October 2026 via checked.be.