Dirk Verbestel: what changed
Dirk Verbestel
Largest movements
- Tangible fixed assets -€29,760
down €29,760 (-19.7%), from €151,344 to €121,584
- Profit (loss) carried forward -€18,528
down €18,528 (-56.6%), from -€32,721 to -€51,249
- Debts after one year -€15,907
down €15,907 (-21.4%), from €74,457 to €58,550
- Other debts +€4,843
up €4,843 (+36.3%), from €13,349 to €18,191
- Gross operating margin +€13,273
up €13,273 (+5,553%), from €239 to €13,512
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Financial charges -€334
down €334 (-12.8%), from €2,615 to €2,280
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,440 | €128,198 | -€29,242 | -18.6% |
| Fixed assets | 21/28 | €151,755 | €121,995 | -€29,760 | -19.6% |
| Tangible fixed assets | 22/27 | €151,344 | €121,584 | -€29,760 | -19.7% |
| Land and buildings | 22 | €151,344 | €121,584 | -€29,760 | -19.7% |
| Financial fixed assets | 28 | €411 | €411 | = | 0.0% |
| Current assets | 29/58 | €5,684 | €6,202 | +€518 | +9.1% |
| Cash at bank and in hand | 54/58 | €5,684 | €6,202 | +€518 | +9.1% |
| Total equity and liabilities | 10/49 | €157,440 | €128,198 | -€29,242 | -18.6% |
| Equity | 10/15 | €54,078 | €35,550 | -€18,528 | -34.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €68,207 | €68,207 | = | 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% |
| Distributable reserves | 133 | €66,348 | €66,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,721 | -€51,249 | -€18,528 | -56.6% |
| Amounts payable | 17/49 | €103,362 | €92,648 | -€10,714 | -10.4% |
| Amounts payable after more than one year | 17 | €74,457 | €58,550 | -€15,907 | -21.4% |
| Financial debts | 170/4 | €74,457 | €58,550 | -€15,907 | -21.4% |
| Amounts payable within one year | 42/48 | €28,905 | €34,098 | +€5,193 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €15,556 | €15,907 | +€351 | +2.3% |
| Other amounts payable | 47/48 | €13,349 | €18,191 | +€4,843 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,760 | €29,760 | = | 0.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €239 | €13,512 | +€13,273 | +5,553% |
| Operating profit (loss) | 9901 | -€29,908 | -€16,248 | +€13,661 | +45.7% |
| Financial charges | 65/66B | €2,615 | €2,280 | -€334 | -12.8% |
| Recurring financial charges | 65 | €2,615 | €2,280 | -€334 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€32,523 | -€18,528 | +€13,995 | +43.0% |
| Profit (loss) for the period | 9904 | -€32,523 | -€18,528 | +€13,995 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,523 | -€18,528 | +€13,995 | +43.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.