DIRK VAN HOEY: 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 HOEY
Largest movements
- Receivables within one year -€62,341
down €62,341 (-78.5%), from €79,461 to €17,120
- Short-term financial debts -€80,038
no longer reported in 2025 (was €80,038)
- Other debts +€25,001
up €25,001 (+14.8%), from €168,951 to €193,952
- Reserves -€9,206
no longer reported in 2025 (was €9,206)
of which Distributable reserves: -€7,347
- Financial charges -€3,719
down €3,719 (-39.6%), from €9,380 to €5,661
- Gross operating margin +€2,347
up €2,347 (+42.5%), from -€5,526 to -€3,179
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 | €277,676 | €214,991 | -€62,685 | -22.6% |
| Current assets | 29/58 | €277,676 | €214,991 | -€62,685 | -22.6% |
| Stocks and contracts in progress | 3 | €195,587 | €195,587 | = | 0.0% |
| Stocks | 30/36 | €14,087 | €14,087 | = | 0.0% |
| Contracts in progress | 37 | €181,500 | €181,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €79,461 | €17,120 | -€62,341 | -78.5% |
| Other amounts receivable | 41 | €79,461 | €17,120 | -€62,341 | -78.5% |
| Cash at bank and in hand | 54/58 | €2,628 | €2,284 | -€344 | -13.1% |
| Total equity and liabilities | 10/49 | €277,676 | €214,991 | -€62,685 | -22.6% |
| Equity | 10/15 | €27,798 | €18,378 | -€9,420 | -33.9% |
| Contributions | 10/11 | €18,592 | €20,451 | +€1,859 | +10.0% |
| Contributions outside capital | 11 | €18,592 | €20,451 | +€1,859 | +10.0% |
| Share premium | 1100/10 | - | €20,451 | +€20,451 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €9,206 | - | -€9,206 | |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €7,347 | - | -€7,347 | |
| Profit (loss) carried forward | 14 | - | -€2,073 | -€2,073 | |
| Amounts payable | 17/49 | €249,878 | €196,613 | -€53,265 | -21.3% |
| Amounts payable within one year | 42/48 | €249,878 | €196,613 | -€53,265 | -21.3% |
| Financial debts | 43 | €80,038 | - | -€80,038 | |
| Credit institutions | 430/8 | €80,038 | - | -€80,038 | |
| Trade debts | 44 | €889 | €2,661 | +€1,772 | +199% |
| Suppliers | 440/4 | €889 | €2,661 | +€1,772 | +199% |
| Other amounts payable | 47/48 | €168,951 | €193,952 | +€25,001 | +14.8% |
| Other operating charges | 640/8 | €591 | €580 | -€11 | -1.9% |
| Gross operating margin | 9900 | -€5,526 | -€3,179 | +€2,347 | +42.5% |
| Operating profit (loss) | 9901 | -€6,117 | -€3,759 | +€2,358 | +38.5% |
| Financial charges | 65/66B | €9,380 | €5,661 | -€3,719 | -39.6% |
| Recurring financial charges | 65 | €9,380 | €5,661 | -€3,719 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,497 | -€9,420 | +€6,077 | +39.2% |
| Profit (loss) for the period | 9904 | -€15,497 | -€9,420 | +€6,077 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,497 | -€9,420 | +€6,077 | +39.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.