DIRK VERWILST: 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 VERWILST
Largest movements
- Deferred charges and accrued income +€91,860
up €91,860 (+337%), from €27,290 to €119,149
- Tangible fixed assets -€68,509
down €68,509 (-4.6%), from €1.5m to €1.4m
of which Land and buildings: -€60,490
- Receivables after one year -€60,000
down €60,000 (-11.1%), from €540,000 to €480,000
- Receivables within one year -€40,650
down €40,650 (-8.3%), from €489,685 to €449,035
of which Trade receivables: -€70,274
- Debts after one year -€67,003
down €67,003 (-7.6%), from €878,747 to €811,744
- Reserves +€58,000
up €58,000 (+3.1%), from €1.9m to €2.0m
- Tax, wage and social debts -€46,643
down €46,643 (-51.2%), from €91,108 to €44,465
of which Taxes: -€50,140
- Financial income -€145,332
down €145,332 (-90.0%), from €161,524 to €16,192
of which Non-recurring financial income: -€136,070
- Gross operating margin -€106,853
down €106,853 (-26.4%), from €405,067 to €298,214
- Taxes -€57,985
down €57,985 (-67.8%), from €85,544 to €27,559
- Staff costs +€29,159
up €29,159 (+46.7%), from €62,383 to €91,541
- Depreciation -€21,305
down €21,305 (-23.3%), from €91,334 to €70,029
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 | €3,218,683 | €3,162,368 | -€56,315 | -1.7% |
| Fixed assets | 21/28 | €2,145,853 | €2,077,344 | -€68,509 | -3.2% |
| Tangible fixed assets | 22/27 | €1,483,083 | €1,414,575 | -€68,509 | -4.6% |
| Land and buildings | 22 | €1,455,382 | €1,394,892 | -€60,490 | -4.2% |
| Plant, machinery and equipment | 23 | €2,584 | €1,146 | -€1,438 | -55.6% |
| Furniture and vehicles | 24 | €25,117 | €18,536 | -€6,581 | -26.2% |
| Financial fixed assets | 28 | €662,770 | €662,770 | = | 0.0% |
| Current assets | 29/58 | €1,072,830 | €1,085,024 | +€12,194 | +1.1% |
| Amounts receivable after more than one year | 29 | €540,000 | €480,000 | -€60,000 | -11.1% |
| Other amounts receivable | 291 | €540,000 | €480,000 | -€60,000 | -11.1% |
| Amounts receivable within one year | 40/41 | €489,685 | €449,035 | -€40,650 | -8.3% |
| Trade receivables | 40 | €194,620 | €124,346 | -€70,274 | -36.1% |
| Other amounts receivable | 41 | €295,065 | €324,689 | +€29,624 | +10.0% |
| Cash at bank and in hand | 54/58 | €15,856 | €36,839 | +€20,984 | +132% |
| Deferred charges and accrued income | 490/1 | €27,290 | €119,149 | +€91,860 | +337% |
| Total equity and liabilities | 10/49 | €3,218,683 | €3,162,368 | -€56,315 | -1.7% |
| Equity | 10/15 | €2,182,377 | €2,240,377 | +€58,000 | +2.7% |
| Contributions | 10/11 | €218,984 | €218,984 | = | 0.0% |
| Revaluation surpluses | 12 | €66,825 | €66,825 | = | 0.0% |
| Reserves | 13 | €1,896,568 | €1,954,568 | +€58,000 | +3.1% |
| Distributable reserves | 133 | €1,896,568 | €1,954,568 | +€58,000 | +3.1% |
| Amounts payable | 17/49 | €1,036,305 | €921,991 | -€114,315 | -11.0% |
| Amounts payable after more than one year | 17 | €878,747 | €811,744 | -€67,003 | -7.6% |
| Financial debts | 170/4 | €878,747 | €811,744 | -€67,003 | -7.6% |
| Amounts payable within one year | 42/48 | €120,656 | €76,861 | -€43,796 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €18,151 | €18,386 | +€235 | +1.3% |
| Trade debts | 44 | €11,397 | €14,009 | +€2,613 | +22.9% |
| Suppliers | 440/4 | €11,397 | €14,009 | +€2,613 | +22.9% |
| Taxes, remuneration and social security | 45 | €91,108 | €44,465 | -€46,643 | -51.2% |
| Taxes | 450/3 | €75,693 | €25,553 | -€50,140 | -66.2% |
| Remuneration and social security | 454/9 | €15,416 | €18,912 | +€3,497 | +22.7% |
| Accrued charges and deferred income | 492/3 | €36,902 | €33,386 | -€3,516 | -9.5% |
| Remuneration, social security and pensions | 62 | €62,383 | €91,541 | +€29,159 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,334 | €70,029 | -€21,305 | -23.3% |
| Other operating charges | 640/8 | €18,252 | €9,278 | -€8,973 | -49.2% |
| Non-recurring operating charges | 66A | - | €242 | +€242 | |
| Gross operating margin | 9900 | €405,067 | €298,214 | -€106,853 | -26.4% |
| Operating profit (loss) | 9901 | €233,099 | €127,123 | -€105,976 | -45.5% |
| Financial income | 75/76B | €161,524 | €16,192 | -€145,332 | -90.0% |
| Recurring financial income | 75 | €25,055 | €15,793 | -€9,262 | -37.0% |
| Non-recurring financial income | 76B | €136,469 | €399 | -€136,070 | -99.7% |
| Financial charges | 65/66B | €70,782 | €57,755 | -€13,027 | -18.4% |
| Recurring financial charges | 65 | €70,782 | €57,755 | -€13,027 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €323,840 | €85,559 | -€238,281 | -73.6% |
| Income taxes | 67/77 | €85,544 | €27,559 | -€57,985 | -67.8% |
| Profit (loss) for the period | 9904 | €238,296 | €58,000 | -€180,296 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €238,296 | €58,000 | -€180,296 | -75.7% |
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 18 October 2026 via checked.be.