Dirk Oudermans: 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 Oudermans
Largest movements
- Financial fixed assets -€38,098
down €38,098 (-99.3%), from €38,380 to €282
- Receivables within one year +€11,300
up €11,300 (+24.8%), from €45,600 to €56,900
of which Other amounts receivable: +€13,475
- Stocks and contracts +€8,700
up €8,700 (+105%), from €8,320 to €17,020
of which Contracts in progress: +€6,880
- Tangible fixed assets -€5,394
down €5,394 (-21.2%), from €25,451 to €20,056
of which Furniture and vehicles: -€6,655
- Cash +€2,373
up €2,373 (+68.4%), from €3,468 to €5,842
mainly Investment in fixed assets (net) (+€36,185) and Depreciation (+€7,308)
- Profit (loss) carried forward -€18,003
down €18,003 (-27.8%), from €64,735 to €46,732
- Other debts -€9,804
down €9,804 (-29.3%), from €33,508 to €23,704
- Trade debts +€6,098
up €6,098 (+129%), from €4,725 to €10,823
- Purchases and services +€18,905
up €18,905 (+27.1%), from €69,768 to €88,673
- Turnover +€13,692
up €13,692 (+15.2%), from €89,800 to €103,492
- Financial charges +€8,879
up €8,879 (+19,247%), from €46 to €8,925
of which Non-recurring financial charges: +€6,684
- Gross operating margin -€5,213
down €5,213 (-26.0%), from €20,032 to €14,819
- Other operating charges -€1,363
down €1,363 (-89.2%), from €1,527 to €164
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 | €123,419 | €101,710 | -€21,709 | -17.6% |
| Fixed assets | 21/28 | €63,831 | €20,338 | -€43,493 | -68.1% |
| Tangible fixed assets | 22/27 | €25,451 | €20,056 | -€5,394 | -21.2% |
| Plant, machinery and equipment | 23 | €2,412 | €3,672 | +€1,260 | +52.2% |
| Furniture and vehicles | 24 | €23,039 | €16,384 | -€6,655 | -28.9% |
| Financial fixed assets | 28 | €38,380 | €282 | -€38,098 | -99.3% |
| Current assets | 29/58 | €59,588 | €81,372 | +€21,784 | +36.6% |
| Stocks and contracts in progress | 3 | €8,320 | €17,020 | +€8,700 | +105% |
| Stocks | 30/36 | €2,600 | €4,420 | +€1,820 | +70.0% |
| Contracts in progress | 37 | €5,720 | €12,600 | +€6,880 | +120% |
| Amounts receivable within one year | 40/41 | €45,600 | €56,900 | +€11,300 | +24.8% |
| Trade receivables | 40 | €38,160 | €35,985 | -€2,175 | -5.7% |
| Other amounts receivable | 41 | €7,441 | €20,915 | +€13,475 | +181% |
| Cash at bank and in hand | 54/58 | €3,468 | €5,842 | +€2,373 | +68.4% |
| Deferred charges and accrued income | 490/1 | €2,199 | €1,610 | -€589 | -26.8% |
| Total equity and liabilities | 10/49 | €123,419 | €101,710 | -€21,709 | -17.6% |
| Equity | 10/15 | €85,186 | €67,183 | -€18,003 | -21.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,735 | €46,732 | -€18,003 | -27.8% |
| Amounts payable | 17/49 | €38,233 | €34,527 | -€3,706 | -9.7% |
| Amounts payable within one year | 42/48 | €38,233 | €34,527 | -€3,706 | -9.7% |
| Trade debts | 44 | €4,725 | €10,823 | +€6,098 | +129% |
| Suppliers | 440/4 | €4,725 | €10,823 | +€6,098 | +129% |
| Other amounts payable | 47/48 | €33,508 | €23,704 | -€9,804 | -29.3% |
| Turnover | 70 | €89,800 | €103,492 | +€13,692 | +15.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €69,768 | €88,673 | +€18,905 | +27.1% |
| Remuneration, social security and pensions | 62 | €18,681 | €17,414 | -€1,267 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,951 | €7,308 | +€1,356 | +22.8% |
| Other operating charges | 640/8 | €1,527 | €164 | -€1,363 | -89.2% |
| Gross operating margin | 9900 | €20,032 | €14,819 | -€5,213 | -26.0% |
| Operating profit (loss) | 9901 | -€6,128 | -€10,067 | -€3,940 | -64.3% |
| Financial income | 75/76B | €617 | €989 | +€372 | +60.4% |
| Recurring financial income | 75 | €617 | €989 | +€372 | +60.4% |
| Financial charges | 65/66B | €46 | €8,925 | +€8,879 | +19,247% |
| Recurring financial charges | 65 | €46 | €2,241 | +€2,195 | +4,758% |
| Non-recurring financial charges | 66B | - | €6,684 | +€6,684 | |
| Profit (loss) for the period before taxes | 9903 | -€5,557 | -€18,003 | -€12,446 | -224% |
| Profit (loss) for the period | 9904 | -€5,557 | -€18,003 | -€12,446 | -224% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,557 | -€18,003 | -€12,446 | -224% |
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.