Dirk Vanderbist: 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 Vanderbist
Largest movements
- Cash -€36,631
down €36,631 (-24.9%), from €147,094 to €110,463
mainly Contributions, distributions and other (-€185,000) and Tax, wage and social debts (-€21,212)
- Receivables within one year +€6,183
up €6,183 (+32.1%), from €19,254 to €25,437
of which Trade receivables: +€5,079
- Reserves -€92,302
down €92,302 (-80.8%), from €114,203 to €21,902
- Other debts +€85,000
new in 2025: €85,000
- Tax, wage and social debts -€21,212
down €21,212 (-60.4%), from €35,096 to €13,884
- Trade debts -€2,539
down €2,539 (-44.8%), from €5,664 to €3,125
- Gross operating margin +€6,894
up €6,894 (+6.1%), from €113,879 to €120,773
- Taxes +€2,607
up €2,607 (+11.0%), from €23,738 to €26,344
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 | €169,963 | €138,911 | -€31,053 | -18.3% |
| Fixed assets | 21/28 | €1,738 | €835 | -€903 | -51.9% |
| Tangible fixed assets | 22/27 | €1,738 | €835 | -€903 | -51.9% |
| Furniture and vehicles | 24 | €1,738 | €835 | -€903 | -51.9% |
| Current assets | 29/58 | €168,225 | €138,076 | -€30,150 | -17.9% |
| Amounts receivable within one year | 40/41 | €19,254 | €25,437 | +€6,183 | +32.1% |
| Trade receivables | 40 | €19,121 | €24,200 | +€5,079 | +26.6% |
| Other amounts receivable | 41 | €133 | €1,237 | +€1,104 | +829.6% |
| Cash at bank and in hand | 54/58 | €147,094 | €110,463 | -€36,631 | -24.9% |
| Deferred charges and accrued income | 490/1 | €1,877 | €2,176 | +€299 | +15.9% |
| Total equity and liabilities | 10/49 | €169,963 | €138,911 | -€31,053 | -18.3% |
| Equity | 10/15 | €129,203 | €36,902 | -€92,302 | -71.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €114,203 | €21,902 | -€92,302 | -80.8% |
| Distributable reserves | 133 | €114,203 | €21,902 | -€92,302 | -80.8% |
| Amounts payable | 17/49 | €40,760 | €102,009 | +€61,249 | +150.3% |
| Amounts payable within one year | 42/48 | €40,760 | €102,009 | +€61,249 | +150.3% |
| Trade debts | 44 | €5,664 | €3,125 | -€2,539 | -44.8% |
| Suppliers | 440/4 | €5,664 | €3,125 | -€2,539 | -44.8% |
| Taxes, remuneration and social security | 45 | €35,096 | €13,884 | -€21,212 | -60.4% |
| Taxes | 450/3 | €35,096 | €13,884 | -€21,212 | -60.4% |
| Other amounts payable | 47/48 | - | €85,000 | +€85,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €658 | €903 | +€245 | +37.2% |
| Gross operating margin | 9900 | €113,879 | €120,773 | +€6,894 | +6.1% |
| Operating profit (loss) | 9901 | €113,221 | €119,870 | +€6,649 | +5.9% |
| Financial income | 75/76B | €61 | €0 | -€61 | -100.0% |
| Recurring financial income | 75 | €61 | €0 | -€61 | -100.0% |
| Financial charges | 65/66B | €1,110 | €828 | -€282 | -25.4% |
| Recurring financial charges | 65 | €1,110 | €828 | -€282 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €112,171 | €119,042 | +€6,871 | +6.1% |
| Income taxes | 67/77 | €23,738 | €26,344 | +€2,607 | +11.0% |
| Profit (loss) for the period | 9904 | €88,434 | €92,698 | +€4,264 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €88,434 | €92,698 | +€4,264 | +4.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.