DIXON: 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.
DIXON
Largest movements
- Cash +€251,306
up €251,306 (+248.1%), from €101,274 to €352,580
mainly Current investments (+€167,027) and Net result for the year (+€95,926)
- Current investments -€167,027
down €167,027 (-53.9%), from €310,000 to €142,973
- Tangible fixed assets +€18,405
up €18,405 (+9.4%), from €195,477 to €213,881
of which Land and buildings: +€26,043
- Reserves +€95,926
up €95,926 (+17.2%), from €558,055 to €653,982
- Tax, wage and social debts +€9,714
up €9,714 (+21.4%), from €45,292 to €55,006
- Current portion of long-term debt -€9,042
down €9,042 (-64.5%), from €14,022 to €4,980
- Financial income -€251,344
down €251,344 (-83.1%), from €302,546 to €51,202
of which Non-recurring financial income: -€237,166
- Taxes -€32,664
down €32,664 (-56.6%), from €57,684 to €25,020
- Gross operating margin -€30,119
down €30,119 (-26.2%), from €114,961 to €84,843
- Depreciation +€2,718
up €2,718 (+28.1%), from €9,666 to €12,384
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 | €668,010 | €761,858 | +€93,849 | +14.0% |
| Fixed assets | 21/28 | €226,577 | €237,482 | +€10,905 | +4.8% |
| Tangible fixed assets | 22/27 | €195,477 | €213,881 | +€18,405 | +9.4% |
| Land and buildings | 22 | €155,213 | €181,256 | +€26,043 | +16.8% |
| Plant, machinery and equipment | 23 | €134 | - | -€134 | |
| Furniture and vehicles | 24 | €13,388 | €8,734 | -€4,654 | -34.8% |
| Other tangible fixed assets | 26 | €26,742 | €23,891 | -€2,850 | -10.7% |
| Financial fixed assets | 28 | €31,100 | €23,600 | -€7,500 | -24.1% |
| Current assets | 29/58 | €441,433 | €524,377 | +€82,944 | +18.8% |
| Amounts receivable after more than one year | 29 | €8,601 | €8,945 | +€344 | +4.0% |
| Other amounts receivable | 291 | €8,601 | €8,945 | +€344 | +4.0% |
| Amounts receivable within one year | 40/41 | €19,474 | €16,756 | -€2,718 | -14.0% |
| Trade receivables | 40 | €19,474 | €16,756 | -€2,718 | -14.0% |
| Current investments | 50/53 | €310,000 | €142,973 | -€167,027 | -53.9% |
| Cash at bank and in hand | 54/58 | €101,274 | €352,580 | +€251,306 | +248.1% |
| Deferred charges and accrued income | 490/1 | €2,083 | €3,122 | +€1,039 | +49.9% |
| Total equity and liabilities | 10/49 | €668,010 | €761,858 | +€93,849 | +14.0% |
| Equity | 10/15 | €585,136 | €681,063 | +€95,926 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €20,881 | €20,881 | = | 0.0% |
| Reserves | 13 | €558,055 | €653,982 | +€95,926 | +17.2% |
| Distributable reserves | 133 | €558,055 | €653,982 | +€95,926 | +17.2% |
| Amounts payable | 17/49 | €82,873 | €80,796 | -€2,077 | -2.5% |
| Amounts payable after more than one year | 17 | €4,980 | - | -€4,980 | |
| Financial debts | 170/4 | €4,980 | - | -€4,980 | |
| Amounts payable within one year | 42/48 | €73,853 | €75,985 | +€2,132 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €14,022 | €4,980 | -€9,042 | -64.5% |
| Trade debts | 44 | €2,740 | €1,851 | -€890 | -32.5% |
| Suppliers | 440/4 | €2,740 | €1,851 | -€890 | -32.5% |
| Taxes, remuneration and social security | 45 | €45,292 | €55,006 | +€9,714 | +21.4% |
| Taxes | 450/3 | €45,292 | €55,006 | +€9,714 | +21.4% |
| Other amounts payable | 47/48 | €11,800 | €14,149 | +€2,349 | +19.9% |
| Accrued charges and deferred income | 492/3 | €4,041 | €4,811 | +€770 | +19.1% |
| Non-recurring operating income | 76A | €64,110 | - | -€64,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,666 | €12,384 | +€2,718 | +28.1% |
| Other operating charges | 640/8 | €1,350 | €1,472 | +€122 | +9.0% |
| Gross operating margin | 9900 | €114,961 | €84,843 | -€30,119 | -26.2% |
| Operating profit (loss) | 9901 | €103,945 | €70,987 | -€32,958 | -31.7% |
| Financial income | 75/76B | €302,546 | €51,202 | -€251,344 | -83.1% |
| Recurring financial income | 75 | €65,380 | €51,202 | -€14,177 | -21.7% |
| Non-recurring financial income | 76B | €237,166 | - | -€237,166 | |
| Financial charges | 65/66B | €1,600 | €1,243 | -€357 | -22.3% |
| Recurring financial charges | 65 | €1,600 | €1,243 | -€357 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €404,891 | €120,946 | -€283,945 | -70.1% |
| Income taxes | 67/77 | €57,684 | €25,020 | -€32,664 | -56.6% |
| Profit (loss) for the period | 9904 | €347,207 | €95,926 | -€251,281 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €347,207 | €95,926 | -€251,281 | -72.4% |
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 12 October 2026 via checked.be.