DIRNA: 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.
DIRNA
Largest movements
- Cash +€94,887
up €94,887 (+201%), from €47,197 to €142,085
mainly Stocks and contracts (+€71,456) and Depreciation (+€53,415)
- Stocks and contracts -€71,456
down €71,456 (-72.7%), from €98,291 to €26,835
- Tangible fixed assets -€27,410
down €27,410 (-4.1%), from €661,169 to €633,759
of which Land and buildings: -€29,124
- Receivables within one year -€11,723
down €11,723 (-29.0%), from €40,431 to €28,708
of which Other amounts receivable: -€7,595
- Profit (loss) carried forward +€61,421
up €61,421 (+27.3%), from -€225,387 to -€163,966
- Debts after one year -€60,587
down €60,587 (-14.9%), from €406,267 to €345,680
- Current portion of long-term debt -€21,681
down €21,681 (-14.0%), from €154,443 to €132,762
- Tax, wage and social debts +€19,904
up €19,904 (+94.2%), from €21,137 to €41,041
of which Remuneration and social security: +€14,586
- Reserves -€12,351
down €12,351 (-5.2%), from €237,503 to €225,152
of which Tax-exempt reserves: -€12,351
- Gross operating margin +€44,524
up €44,524 (+17.1%), from €260,832 to €305,356
- Staff costs +€24,157
up €24,157 (+15.9%), from €151,803 to €175,960
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 | €853,772 | €837,309 | -€16,463 | -1.9% |
| Fixed assets | 21/28 | €666,849 | €639,127 | -€27,723 | -4.2% |
| Intangible fixed assets | 21 | €1,072 | €759 | -€312 | -29.1% |
| Tangible fixed assets | 22/27 | €661,169 | €633,759 | -€27,410 | -4.1% |
| Land and buildings | 22 | €543,036 | €513,912 | -€29,124 | -5.4% |
| Plant, machinery and equipment | 23 | €113,551 | €102,542 | -€11,009 | -9.7% |
| Furniture and vehicles | 24 | €4,582 | €17,305 | +€12,723 | +278% |
| Financial fixed assets | 28 | €4,609 | €4,609 | = | 0.0% |
| Current assets | 29/58 | €186,923 | €198,182 | +€11,259 | +6.0% |
| Stocks and contracts in progress | 3 | €98,291 | €26,835 | -€71,456 | -72.7% |
| Stocks | 30/36 | €98,291 | €26,835 | -€71,456 | -72.7% |
| Amounts receivable within one year | 40/41 | €40,431 | €28,708 | -€11,723 | -29.0% |
| Trade receivables | 40 | €27,052 | €22,925 | -€4,127 | -15.3% |
| Other amounts receivable | 41 | €13,379 | €5,783 | -€7,595 | -56.8% |
| Cash at bank and in hand | 54/58 | €47,197 | €142,085 | +€94,887 | +201% |
| Deferred charges and accrued income | 490/1 | €1,004 | €555 | -€450 | -44.8% |
| Total equity and liabilities | 10/49 | €853,772 | €837,309 | -€16,463 | -1.9% |
| Equity | 10/15 | €30,716 | €79,786 | +€49,069 | +160% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €237,503 | €225,152 | -€12,351 | -5.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €86,459 | €74,107 | -€12,351 | -14.3% |
| Distributable reserves | 133 | €149,185 | €149,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,387 | -€163,966 | +€61,421 | +27.3% |
| Provisions and deferred taxes | 16 | €28,820 | €24,702 | -€4,117 | -14.3% |
| Deferred taxes | 168 | €28,820 | €24,702 | -€4,117 | -14.3% |
| Amounts payable | 17/49 | €794,237 | €732,821 | -€61,416 | -7.7% |
| Amounts payable after more than one year | 17 | €406,267 | €345,680 | -€60,587 | -14.9% |
| Financial debts | 170/4 | €406,267 | €345,680 | -€60,587 | -14.9% |
| Amounts payable within one year | 42/48 | €386,806 | €386,112 | -€693 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €154,443 | €132,762 | -€21,681 | -14.0% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €18,781 | €30,842 | +€12,061 | +64.2% |
| Suppliers | 440/4 | €18,781 | €30,842 | +€12,061 | +64.2% |
| Taxes, remuneration and social security | 45 | €21,137 | €41,041 | +€19,904 | +94.2% |
| Taxes | 450/3 | €6,551 | €11,869 | +€5,318 | +81.2% |
| Remuneration and social security | 454/9 | €14,586 | €29,172 | +€14,586 | +100.0% |
| Other amounts payable | 47/48 | €142,445 | €131,468 | -€10,977 | -7.7% |
| Accrued charges and deferred income | 492/3 | €1,164 | €1,028 | -€136 | -11.7% |
| Non-recurring operating income | 76A | - | €83 | +€83 | |
| Remuneration, social security and pensions | 62 | €151,803 | €175,960 | +€24,157 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,594 | €53,415 | +€1,821 | +3.5% |
| Other operating charges | 640/8 | €7,201 | €6,685 | -€516 | -7.2% |
| Gross operating margin | 9900 | €260,832 | €305,356 | +€44,524 | +17.1% |
| Operating profit (loss) | 9901 | €50,234 | €69,296 | +€19,062 | +37.9% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €25,752 | €24,344 | -€1,408 | -5.5% |
| Recurring financial charges | 65 | €25,752 | €24,344 | -€1,408 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €24,496 | €44,952 | +€20,456 | +83.5% |
| Transfer from deferred taxes | 780 | €4,117 | €4,117 | = | 0.0% |
| Profit (loss) for the period | 9904 | €28,613 | €49,069 | +€20,456 | +71.5% |
| Transfer from tax-exempt reserves | 789 | €12,351 | €12,351 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,965 | €61,421 | +€20,456 | +49.9% |
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 24 October 2026 via checked.be.