DR. DIRK DE COSTER: 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. DIRK DE COSTER
Largest movements
- Current investments +€453,000
up €453,000 (+13.0%), from €3.5m to €4.0m
- Cash -€77,820
down €77,820 (-24.4%), from €318,539 to €240,719
mainly Contributions, distributions and other (-€500,728) and Current investments (-€453,000)
- Deferred charges and accrued income +€54,189
up €54,189 (+15.4%), from €351,910 to €406,098
- Reserves +€475,712
up €475,712 (+11.9%), from €4.0m to €4.5m
- Tax, wage and social debts -€55,167
down €55,167 (-35.1%), from €157,271 to €102,104
of which Taxes: -€55,215
- Gross operating margin +€123,414
up €123,414 (+9.8%), from €1.3m to €1.4m
- Financial income -€31,446
down €31,446 (-29.1%), from €108,064 to €76,617
- Taxes +€29,469
up €29,469 (+7.0%), from €420,764 to €450,233
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 | €4,182,751 | €4,605,319 | +€422,569 | +10.1% |
| Fixed assets | 21/28 | €3,510 | €448 | -€3,062 | -87.2% |
| Tangible fixed assets | 22/27 | €3,366 | €304 | -€3,062 | -91.0% |
| Furniture and vehicles | 24 | €3,366 | €304 | -€3,062 | -91.0% |
| Financial fixed assets | 28 | €145 | €145 | = | 0.0% |
| Current assets | 29/58 | €4,179,240 | €4,604,871 | +€425,631 | +10.2% |
| Amounts receivable within one year | 40/41 | €11,792 | €8,054 | -€3,738 | -31.7% |
| Other amounts receivable | 41 | €11,792 | €8,054 | -€3,738 | -31.7% |
| Current investments | 50/53 | €3,497,000 | €3,950,000 | +€453,000 | +13.0% |
| Cash at bank and in hand | 54/58 | €318,539 | €240,719 | -€77,820 | -24.4% |
| Deferred charges and accrued income | 490/1 | €351,910 | €406,098 | +€54,189 | +15.4% |
| Total equity and liabilities | 10/49 | €4,182,751 | €4,605,319 | +€422,569 | +10.1% |
| Equity | 10/15 | €4,004,172 | €4,479,884 | +€475,712 | +11.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,986,738 | €4,462,449 | +€475,712 | +11.9% |
| Distributable reserves | 133 | €3,986,738 | €4,462,449 | +€475,712 | +11.9% |
| Profit (loss) carried forward | 14 | €5,034 | €5,034 | = | 0.0% |
| Amounts payable | 17/49 | €178,579 | €125,436 | -€53,143 | -29.8% |
| Amounts payable within one year | 42/48 | €175,579 | €121,670 | -€53,908 | -30.7% |
| Trade debts | 44 | €11,983 | €8,420 | -€3,562 | -29.7% |
| Suppliers | 440/4 | €11,983 | €8,420 | -€3,562 | -29.7% |
| Taxes, remuneration and social security | 45 | €157,271 | €102,104 | -€55,167 | -35.1% |
| Taxes | 450/3 | €152,407 | €97,192 | -€55,215 | -36.2% |
| Remuneration and social security | 454/9 | €4,864 | €4,911 | +€47 | +1.0% |
| Other amounts payable | 47/48 | €6,325 | €11,146 | +€4,821 | +76.2% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,765 | +€765 | +25.5% |
| Remuneration, social security and pensions | 62 | €23,560 | €22,831 | -€729 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,062 | €3,062 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,796 | €1,850 | +€54 | +3.0% |
| Gross operating margin | 9900 | €1,257,573 | €1,380,987 | +€123,414 | +9.8% |
| Operating profit (loss) | 9901 | €1,229,155 | €1,353,244 | +€124,089 | +10.1% |
| Financial income | 75/76B | €108,064 | €76,617 | -€31,446 | -29.1% |
| Recurring financial income | 75 | €108,064 | €76,617 | -€31,446 | -29.1% |
| Financial charges | 65/66B | €3,236 | €3,189 | -€47 | -1.5% |
| Recurring financial charges | 65 | €3,236 | €3,189 | -€47 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €1,333,982 | €1,426,672 | +€92,690 | +6.9% |
| Income taxes | 67/77 | €420,764 | €450,233 | +€29,469 | +7.0% |
| Profit (loss) for the period | 9904 | €913,219 | €976,439 | +€63,221 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €913,219 | €976,439 | +€63,221 | +6.9% |
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 17 October 2026 via checked.be.