DIXIT: 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.
What changed
DIXIT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€197,887
2024 · €124,875+€73,013
Equity
€3.2m
2024 · €3.0m+€197,887
Cash
€543,358
2024 · €72,609+€470,749
Balance sheet total
€3.2m
2024 · €3.0m+€194,153
Largest movements
Assets
- Cash +€470,749
up €470,749 (+648%), from €72,609 to €543,358
mainly Current investments (+€200,000) and Net result for the year (+€197,887)
- Current investments -€200,000
down €200,000 (-66.5%), from €300,590 to €100,590
- Tangible fixed assets -€70,510
down €70,510 (-8.8%), from €805,053 to €734,543
of which Land and buildings: -€57,424
Equity and liabilities
- Reserves +€197,887
up €197,887 (+11.7%), from €1.7m to €1.9m
of which Distributable reserves: +€212,720
Income statement
- Financial income +€184,370
up €184,370 (+85,698%), from €215 to €184,585
- Gross operating margin -€110,464
down €110,464 (-35.9%), from €307,889 to €197,425
- Taxes -€21,852
down €21,852 (-33.3%), from €65,679 to €43,827
- Financial charges +€21,789
up €21,789 (+1,007%), from €2,163 to €23,952
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.
Result 2024
€124,875
Gross operating margin
-€110,464
Staff costs
+€513
Depreciation
-€1,538
Other operating charges
+€69
Financial income
+€184,370
Financial charges
-€21,789
Taxes
+€21,852
Result 2025
€197,887
raises the resultlowers the result
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.
From operations
+€274,036
Investment
+€196,712
Financing
€0
Cash 2024
€72,609
From operations (derived)
+€274,036
Net result for the year
+€197,887
Depreciation
+€73,797
Receivables within one year
+€6,078
Smaller working-capital items
+€683
Provisions
-€7,637
Tax, wage and social debts
+€11,089
Other debts
-€7,860
Investment (derived)
+€196,712
Investment in fixed assets (net)
-€3,288
Current investments
+€200,000
Cash 2025
€543,358
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,038,200 | €3,232,353 | +€194,153 | +6.4% |
| Fixed assets | 21/28 | €2,578,452 | €2,507,942 | -€70,510 | -2.7% |
| Tangible fixed assets | 22/27 | €805,053 | €734,543 | -€70,510 | -8.8% |
| Land and buildings | 22 | €754,650 | €697,226 | -€57,424 | -7.6% |
| Plant, machinery and equipment | 23 | €5,294 | €4,026 | -€1,268 | -24.0% |
| Furniture and vehicles | 24 | €30,075 | €20,046 | -€10,030 | -33.3% |
| Leasing and similar rights | 25 | €15,034 | €13,246 | -€1,788 | -11.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,773,399 | €1,773,399 | = | 0.0% |
| Current assets | 29/58 | €459,748 | €724,411 | +€264,663 | +57.6% |
| Amounts receivable within one year | 40/41 | €82,661 | €76,584 | -€6,078 | -7.4% |
| Trade receivables | 40 | €7,000 | €8,992 | +€1,992 | +28.5% |
| Other amounts receivable | 41 | €75,661 | €67,592 | -€8,069 | -10.7% |
| Current investments | 50/53 | €300,590 | €100,590 | -€200,000 | -66.5% |
| Cash at bank and in hand | 54/58 | €72,609 | €543,358 | +€470,749 | +648% |
| Deferred charges and accrued income | 490/1 | €3,888 | €3,880 | -€9 | -0.2% |
| Total equity and liabilities | 10/49 | €3,038,200 | €3,232,353 | +€194,153 | +6.4% |
| Equity | 10/15 | €2,986,078 | €3,183,965 | +€197,887 | +6.6% |
| Contributions | 10/11 | €1,295,170 | €1,295,170 | = | 0.0% |
| Capital | 10 | €1,295,170 | €1,295,170 | = | 0.0% |
| Issued capital | 100 | €1,295,170 | €1,295,170 | = | 0.0% |
| Reserves | 13 | €1,690,908 | €1,888,795 | +€197,887 | +11.7% |
| Non-distributable reserves | 130/1 | €88,614 | €88,614 | = | 0.0% |
| Legal reserve | 130 | €88,614 | €88,614 | = | 0.0% |
| Tax-exempt reserves | 132 | €160,659 | €145,827 | -€14,832 | -9.2% |
| Distributable reserves | 133 | €1,441,634 | €1,654,354 | +€212,720 | +14.8% |
| Provisions and deferred taxes | 16 | €15,375 | €7,737 | -€7,637 | -49.7% |
| Deferred taxes | 168 | €15,375 | €7,737 | -€7,637 | -49.7% |
| Amounts payable | 17/49 | €36,748 | €40,651 | +€3,903 | +10.6% |
| Amounts payable after more than one year | 17 | €3,750 | €3,750 | = | 0.0% |
| Other amounts payable | 178/9 | €3,750 | €3,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,456 | €30,173 | +€3,716 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €454 | €942 | +€488 | +107% |
| Suppliers | 440/4 | €454 | €942 | +€488 | +107% |
| Taxes, remuneration and social security | 45 | €18,142 | €29,230 | +€11,089 | +61.1% |
| Taxes | 450/3 | €13,971 | €21,901 | +€7,930 | +56.8% |
| Remuneration and social security | 454/9 | €4,171 | €7,330 | +€3,159 | +75.7% |
| Other amounts payable | 47/48 | €7,860 | €0 | -€7,860 | -100% |
| Accrued charges and deferred income | 492/3 | €6,541 | €6,728 | +€187 | +2.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €37,057 | €36,544 | -€513 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,259 | €73,797 | +€1,538 | +2.1% |
| Other operating charges | 640/8 | €13,710 | €13,640 | -€69 | -0.5% |
| Gross operating margin | 9900 | €307,889 | €197,425 | -€110,464 | -35.9% |
| Operating profit (loss) | 9901 | €184,863 | €73,443 | -€111,420 | -60.3% |
| Financial income | 75/76B | €215 | €184,585 | +€184,370 | +85,698% |
| Recurring financial income | 75 | €215 | €184,585 | +€184,370 | +85,698% |
| Financial charges | 65/66B | €2,163 | €23,952 | +€21,789 | +1,007% |
| Recurring financial charges | 65 | €2,163 | €23,952 | +€21,789 | +1,007% |
| Profit (loss) for the period before taxes | 9903 | €182,916 | €234,077 | +€51,161 | +28.0% |
| Transfer from deferred taxes | 780 | €7,637 | €7,637 | = | 0.0% |
| Income taxes | 67/77 | €65,679 | €43,827 | -€21,852 | -33.3% |
| Profit (loss) for the period | 9904 | €124,875 | €197,887 | +€73,013 | +58.5% |
| Transfer from tax-exempt reserves | 789 | €14,832 | €14,832 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €139,707 | €212,720 | +€73,013 | +52.3% |
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 13 October 2026 via checked.be.