Dirk Van Dijck: 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 Van Dijck
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+43.7%), from €3.1m to €4.5m
of which Land and buildings: +€1.4m
- Cash +€346,118
up €346,118 (+57.6%), from €601,192 to €947,310
mainly Debts after one year (+€1.2m) and Net result for the year (+€355,247)
- Debts after one year +€1.2m
up €1.2m (+120%), from €1.0m to €2.3m
- Profit (loss) carried forward +€355,247
up €355,247 (+38.6%), from €920,963 to €1.3m
- Current portion of long-term debt +€90,011
up €90,011 (+60.3%), from €149,266 to €239,277
- Advances received +€68,593
new in 2025: €68,593
- Gross operating margin -€254,482
down €254,482 (-26.4%), from €962,993 to €708,511
- Taxes -€77,553
down €77,553 (-39.9%), from €194,545 to €116,992
- Depreciation +€15,407
up €15,407 (+11.4%), from €134,882 to €150,289
- Other operating charges -€12,244
down €12,244 (-25.7%), from €47,568 to €35,324
- Staff costs +€10,555
up €10,555 (+71.5%), from €14,757 to €25,312
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 | €4,598,890 | €6,376,571 | +€1.8m | +38.7% |
| Fixed assets | 21/28 | €3,154,356 | €4,515,380 | +€1.4m | +43.1% |
| Tangible fixed assets | 22/27 | €3,115,903 | €4,476,927 | +€1.4m | +43.7% |
| Land and buildings | 22 | €2,905,033 | €4,303,974 | +€1.4m | +48.2% |
| Plant, machinery and equipment | 23 | €66,679 | €63,684 | -€2,995 | -4.5% |
| Furniture and vehicles | 24 | €144,191 | €109,269 | -€34,922 | -24.2% |
| Financial fixed assets | 28 | €38,453 | €38,453 | = | 0.0% |
| Current assets | 29/58 | €1,444,534 | €1,861,191 | +€416,657 | +28.8% |
| Amounts receivable within one year | 40/41 | €843,342 | €857,192 | +€13,850 | +1.6% |
| Trade receivables | 40 | €4,492 | €9,230 | +€4,738 | +105% |
| Other amounts receivable | 41 | €838,850 | €847,962 | +€9,112 | +1.1% |
| Cash at bank and in hand | 54/58 | €601,192 | €947,310 | +€346,118 | +57.6% |
| Deferred charges and accrued income | 490/1 | - | €56,689 | +€56,689 | |
| Total equity and liabilities | 10/49 | €4,598,890 | €6,376,571 | +€1.8m | +38.7% |
| Equity | 10/15 | €3,358,553 | €3,713,800 | +€355,247 | +10.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,419,040 | €2,419,040 | = | 0.0% |
| Distributable reserves | 133 | €2,419,040 | €2,419,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | €920,963 | €1,276,210 | +€355,247 | +38.6% |
| Amounts payable | 17/49 | €1,240,337 | €2,662,771 | +€1.4m | +115% |
| Amounts payable after more than one year | 17 | €1,023,135 | €2,254,750 | +€1.2m | +120% |
| Financial debts | 170/4 | €1,023,135 | €2,254,750 | +€1.2m | +120% |
| Amounts payable within one year | 42/48 | €217,202 | €408,021 | +€190,819 | +87.9% |
| Current portion of amounts payable after more than one year | 42 | €149,266 | €239,277 | +€90,011 | +60.3% |
| Trade debts | 44 | €15,271 | €31,524 | +€16,253 | +106% |
| Suppliers | 440/4 | €15,271 | €31,524 | +€16,253 | +106% |
| Advances received on contracts in progress | 46 | - | €68,593 | +€68,593 | |
| Taxes, remuneration and social security | 45 | €52,665 | €65,127 | +€12,462 | +23.7% |
| Taxes | 450/3 | €52,665 | €65,127 | +€12,462 | +23.7% |
| Other amounts payable | 47/48 | - | €3,500 | +€3,500 | |
| Non-recurring operating income | 76A | €185,250 | - | -€185,250 | |
| Remuneration, social security and pensions | 62 | €14,757 | €25,312 | +€10,555 | +71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,882 | €150,289 | +€15,407 | +11.4% |
| Other operating charges | 640/8 | €47,568 | €35,324 | -€12,244 | -25.7% |
| Gross operating margin | 9900 | €962,993 | €708,511 | -€254,482 | -26.4% |
| Operating profit (loss) | 9901 | €765,786 | €497,586 | -€268,200 | -35.0% |
| Financial income | 75/76B | €3 | €10 | +€7 | +233% |
| Recurring financial income | 75 | €3 | €10 | +€7 | +233% |
| Financial charges | 65/66B | €34,533 | €25,357 | -€9,176 | -26.6% |
| Recurring financial charges | 65 | €34,533 | €25,357 | -€9,176 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €731,256 | €472,239 | -€259,017 | -35.4% |
| Income taxes | 67/77 | €194,545 | €116,992 | -€77,553 | -39.9% |
| Profit (loss) for the period | 9904 | €536,711 | €355,247 | -€181,464 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €536,711 | €355,247 | -€181,464 | -33.8% |
Source: filed annual accounts (NBB), financial years ended 29 September 2024 and 29 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.