DR. DIERICK HANS: 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.
DR. DIERICK HANS
Largest movements
- Cash +€135,253
up €135,253 (+23.2%), from €582,387 to €717,640
mainly Net result for the year (+€202,595) and Depreciation (+€87,483)
- Deferred charges and accrued income +€84,955
up €84,955 (+366%), from €23,221 to €108,176
- Tangible fixed assets -€84,821
down €84,821 (-21.5%), from €393,866 to €309,045
of which Land and buildings: -€44,926
- Current investments +€21,105
up €21,105 (+7.9%), from €268,711 to €289,815
- Reserves +€202,595
up €202,595 (+25.4%), from €797,934 to €1.0m
of which Distributable reserves: +€202,595
- Other debts -€32,305
down €32,305 (-18.1%), from €178,647 to €146,342
- Trade debts -€19,349
down €19,349 (-62.1%), from €31,148 to €11,799
- Gross operating margin +€38,538
up €38,538 (+8.1%), from €473,592 to €512,130
- Taxes +€11,462
up €11,462 (+14.7%), from €78,133 to €89,594
- Depreciation +€5,724
up €5,724 (+7.0%), from €81,760 to €87,483
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 | €1,269,428 | €1,424,761 | +€155,333 | +12.2% |
| Fixed assets | 21/28 | €393,866 | €309,045 | -€84,821 | -21.5% |
| Tangible fixed assets | 22/27 | €393,866 | €309,045 | -€84,821 | -21.5% |
| Land and buildings | 22 | €271,447 | €226,521 | -€44,926 | -16.6% |
| Plant, machinery and equipment | 23 | €97,031 | €59,974 | -€37,057 | -38.2% |
| Furniture and vehicles | 24 | €25,388 | €22,549 | -€2,839 | -11.2% |
| Current assets | 29/58 | €875,562 | €1,115,716 | +€240,154 | +27.4% |
| Amounts receivable within one year | 40/41 | €1,244 | €85 | -€1,158 | -93.1% |
| Trade receivables | 40 | €1,244 | €85 | -€1,158 | -93.1% |
| Current investments | 50/53 | €268,711 | €289,815 | +€21,105 | +7.9% |
| Cash at bank and in hand | 54/58 | €582,387 | €717,640 | +€135,253 | +23.2% |
| Deferred charges and accrued income | 490/1 | €23,221 | €108,176 | +€84,955 | +366% |
| Total equity and liabilities | 10/49 | €1,269,428 | €1,424,761 | +€155,333 | +12.2% |
| Equity | 10/15 | €1,017,934 | €1,220,529 | +€202,595 | +19.9% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €797,934 | €1,000,529 | +€202,595 | +25.4% |
| Non-distributable reserves | 130/1 | €22,000 | €22,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,000 | €22,000 | = | 0.0% |
| Distributable reserves | 133 | €775,934 | €978,529 | +€202,595 | +26.1% |
| Amounts payable | 17/49 | €251,495 | €204,232 | -€47,262 | -18.8% |
| Amounts payable within one year | 42/48 | €251,495 | €204,232 | -€47,262 | -18.8% |
| Trade debts | 44 | €31,148 | €11,799 | -€19,349 | -62.1% |
| Suppliers | 440/4 | €31,148 | €11,799 | -€19,349 | -62.1% |
| Taxes, remuneration and social security | 45 | €41,699 | €46,092 | +€4,392 | +10.5% |
| Taxes | 450/3 | €17,911 | €26,630 | +€8,719 | +48.7% |
| Remuneration and social security | 454/9 | €23,788 | €19,461 | -€4,327 | -18.2% |
| Other amounts payable | 47/48 | €178,647 | €146,342 | -€32,305 | -18.1% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €130,220 | €132,456 | +€2,236 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,760 | €87,483 | +€5,724 | +7.0% |
| Other operating charges | 640/8 | €5,412 | €4,679 | -€733 | -13.5% |
| Gross operating margin | 9900 | €473,592 | €512,130 | +€38,538 | +8.1% |
| Operating profit (loss) | 9901 | €256,201 | €287,512 | +€31,311 | +12.2% |
| Financial income | 75/76B | €3,061 | €6,551 | +€3,490 | +114% |
| Recurring financial income | 75 | €3,061 | €6,551 | +€3,490 | +114% |
| Financial charges | 65/66B | €1,409 | €1,873 | +€464 | +32.9% |
| Recurring financial charges | 65 | €1,409 | €1,873 | +€464 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €257,852 | €292,189 | +€34,337 | +13.3% |
| Income taxes | 67/77 | €78,133 | €89,594 | +€11,462 | +14.7% |
| Profit (loss) for the period | 9904 | €179,719 | €202,595 | +€22,875 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €179,719 | €202,595 | +€22,875 | +12.7% |
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 19 October 2026 via checked.be.