DIRX: what changed
Two fiscal 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.
DIRX
Largest movements
- Cash +€18,907
up €18,907 (+340.6%), from €5,551 to €24,458
mainly Net result for the year (+€43,196) and Deferred charges and accrued income (+€10,184)
- Tangible fixed assets -€12,154
down €12,154 (-14.5%), from €84,000 to €71,846
of which Furniture and vehicles: -€8,009
- Deferred charges and accrued income -€10,184
down €10,184 (-41.8%), from €24,390 to €14,206
- Reserves +€43,196
up €43,196 (+12.0%), from €358,707 to €401,903
- Tax, wage and social debts -€24,712
down €24,712 (-83.8%), from €29,490 to €4,778
- Current portion of long-term debt -€14,041
down €14,041 (-69.0%), from €20,348 to €6,307
- Debts after one year -€11,040
down €11,040 (-98.3%), from €11,233 to €193
- Trade debts +€7,861
up €7,861 (+241.9%), from €3,250 to €11,112
- Gross operating margin -€36,982
down €36,982 (-37.1%), from €99,598 to €62,616
- Taxes -€10,556
down €10,556 (-38.6%), from €27,334 to €16,778
- Depreciation -€2,877
down €2,877 (-22.5%), from €12,771 to €9,895
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 | €442,354 | €443,335 | +€981 | +0.2% |
| Fixed assets | 21/28 | €85,526 | €73,373 | -€12,154 | -14.2% |
| Tangible fixed assets | 22/27 | €84,000 | €71,846 | -€12,154 | -14.5% |
| Plant, machinery and equipment | 23 | €6,533 | €3,854 | -€2,679 | -41.0% |
| Furniture and vehicles | 24 | €23,101 | €15,092 | -€8,009 | -34.7% |
| Other tangible fixed assets | 26 | €54,366 | €52,901 | -€1,465 | -2.7% |
| Financial fixed assets | 28 | €1,526 | €1,526 | = | 0.0% |
| Current assets | 29/58 | €356,828 | €369,962 | +€13,135 | +3.7% |
| Amounts receivable after more than one year | 29 | €260,000 | €260,000 | = | 0.0% |
| Trade receivables | 290 | €260,000 | €260,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,838 | €71,250 | +€4,411 | +6.6% |
| Trade receivables | 40 | €1 | €0 | -€1 | -100.0% |
| Other amounts receivable | 41 | €66,837 | €71,250 | +€4,413 | +6.6% |
| Current investments | 50/53 | €48 | €48 | +€0 | +0.4% |
| Cash at bank and in hand | 54/58 | €5,551 | €24,458 | +€18,907 | +340.6% |
| Deferred charges and accrued income | 490/1 | €24,390 | €14,206 | -€10,184 | -41.8% |
| Total equity and liabilities | 10/49 | €442,354 | €443,335 | +€981 | +0.2% |
| Equity | 10/15 | €377,307 | €420,503 | +€43,196 | +11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €358,707 | €401,903 | +€43,196 | +12.0% |
| Distributable reserves | 133 | €358,707 | €401,903 | +€43,196 | +12.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €65,046 | €22,832 | -€42,215 | -64.9% |
| Amounts payable after more than one year | 17 | €11,233 | €193 | -€11,040 | -98.3% |
| Financial debts | 170/4 | €11,233 | €193 | -€11,040 | -98.3% |
| Amounts payable within one year | 42/48 | €53,089 | €22,197 | -€30,892 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €20,348 | €6,307 | -€14,041 | -69.0% |
| Trade debts | 44 | €3,250 | €11,112 | +€7,861 | +241.9% |
| Suppliers | 440/4 | €3,250 | €11,112 | +€7,861 | +241.9% |
| Taxes, remuneration and social security | 45 | €29,490 | €4,778 | -€24,712 | -83.8% |
| Taxes | 450/3 | €29,490 | €4,778 | -€24,712 | -83.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €725 | €442 | -€283 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,771 | €9,895 | -€2,877 | -22.5% |
| Other operating charges | 640/8 | €1,583 | €1,308 | -€275 | -17.4% |
| Non-recurring operating charges | 66A | - | €2,259 | +€2,259 | |
| Gross operating margin | 9900 | €99,598 | €62,616 | -€36,982 | -37.1% |
| Operating profit (loss) | 9901 | €85,244 | €49,154 | -€36,090 | -42.3% |
| Financial income | 75/76B | €12,401 | €12,539 | +€139 | +1.1% |
| Recurring financial income | 75 | €12,401 | €12,539 | +€139 | +1.1% |
| Financial charges | 65/66B | €1,947 | €1,720 | -€227 | -11.7% |
| Recurring financial charges | 65 | €1,947 | €1,720 | -€227 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €95,697 | €59,973 | -€35,724 | -37.3% |
| Income taxes | 67/77 | €27,334 | €16,778 | -€10,556 | -38.6% |
| Profit (loss) for the period | 9904 | €68,363 | €43,196 | -€25,167 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €68,363 | €43,196 | -€25,167 | -36.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.