DIRK VANBECELAERE: 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 VANBECELAERE
Largest movements
- Cash +€59,525
up €59,525 (+32.0%), from €186,123 to €245,647
mainly Net result for the year (+€71,535) and Depreciation (+€17,394)
- Receivables within one year +€25,120
up €25,120 (+206%), from €12,180 to €37,300
of which Trade receivables: +€32,120
- Tangible fixed assets -€8,309
down €8,309 (-31.0%), from €26,825 to €18,516
of which Furniture and vehicles: -€8,892
- Reserves +€71,535
up €71,535 (+60.9%), from €117,377 to €188,911
- Tax, wage and social debts +€15,384
up €15,384 (+114%), from €13,476 to €28,860
of which Taxes: +€15,366
- Other debts -€12,139
down €12,139 (-16.2%), from €74,896 to €62,757
- Gross operating margin +€76,119
up €76,119 (+171%), from €44,611 to €120,729
- Taxes +€20,694
up €20,694 (+247%), from €8,382 to €29,076
- Financial charges +€2,509
up €2,509 (+1,245%), from €201 to €2,710
- Depreciation -€1,551
down €1,551 (-8.2%), from €18,945 to €17,394
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 | €226,407 | €302,753 | +€76,346 | +33.7% |
| Fixed assets | 21/28 | €26,825 | €18,516 | -€8,309 | -31.0% |
| Tangible fixed assets | 22/27 | €26,825 | €18,516 | -€8,309 | -31.0% |
| Plant, machinery and equipment | 23 | €7,158 | €7,741 | +€583 | +8.1% |
| Furniture and vehicles | 24 | €19,667 | €10,775 | -€8,892 | -45.2% |
| Current assets | 29/58 | €199,582 | €284,237 | +€84,655 | +42.4% |
| Amounts receivable within one year | 40/41 | €12,180 | €37,300 | +€25,120 | +206% |
| Trade receivables | 40 | €5,180 | €37,300 | +€32,120 | +620% |
| Other amounts receivable | 41 | €7,000 | €0 | -€7,000 | -100% |
| Cash at bank and in hand | 54/58 | €186,123 | €245,647 | +€59,525 | +32.0% |
| Deferred charges and accrued income | 490/1 | €1,279 | €1,289 | +€10 | +0.8% |
| Total equity and liabilities | 10/49 | €226,407 | €302,753 | +€76,346 | +33.7% |
| Equity | 10/15 | €135,977 | €207,511 | +€71,535 | +52.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,377 | €188,911 | +€71,535 | +60.9% |
| Distributable reserves | 133 | €117,377 | €188,911 | +€71,535 | +60.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,431 | €95,242 | +€4,811 | +5.3% |
| Amounts payable within one year | 42/48 | €90,431 | €92,712 | +€2,282 | +2.5% |
| Financial debts | 43 | €106 | €413 | +€307 | +290% |
| Credit institutions | 430/8 | €106 | €413 | +€307 | +290% |
| Trade debts | 44 | €1,953 | €683 | -€1,270 | -65.0% |
| Suppliers | 440/4 | €1,953 | €683 | -€1,270 | -65.0% |
| Taxes, remuneration and social security | 45 | €13,476 | €28,860 | +€15,384 | +114% |
| Taxes | 450/3 | €10,143 | €25,508 | +€15,366 | +151% |
| Remuneration and social security | 454/9 | €3,333 | €3,352 | +€18 | +0.5% |
| Other amounts payable | 47/48 | €74,896 | €62,757 | -€12,139 | -16.2% |
| Accrued charges and deferred income | 492/3 | - | €2,530 | +€2,530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,945 | €17,394 | -€1,551 | -8.2% |
| Other operating charges | 640/8 | €968 | €812 | -€157 | -16.2% |
| Gross operating margin | 9900 | €44,611 | €120,729 | +€76,119 | +171% |
| Operating profit (loss) | 9901 | €24,697 | €102,523 | +€77,826 | +315% |
| Financial income | 75/76B | €699 | €798 | +€99 | +14.1% |
| Recurring financial income | 75 | €699 | €798 | +€99 | +14.1% |
| Financial charges | 65/66B | €201 | €2,710 | +€2,509 | +1,245% |
| Recurring financial charges | 65 | €201 | €2,710 | +€2,509 | +1,245% |
| Profit (loss) for the period before taxes | 9903 | €25,195 | €100,611 | +€75,416 | +299% |
| Income taxes | 67/77 | €8,382 | €29,076 | +€20,694 | +247% |
| Profit (loss) for the period | 9904 | €16,813 | €71,535 | +€54,721 | +325% |
| Profit (loss) for the period to be appropriated | 9905 | €16,813 | €71,535 | +€54,721 | +325% |
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 20 October 2026 via checked.be.