Dr. Dirk van Lier: 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 van Lier
Largest movements
- Current investments +€145,735
up €145,735 (+23.2%), from €627,569 to €773,304
- Receivables within one year -€113,480
down €113,480 (-87.5%), from €129,631 to €16,151
of which Other amounts receivable: -€128,320
- Deferred charges and accrued income +€61,131
up €61,131 (+49.4%), from €123,762 to €184,894
- Debts after one year +€148,021
new in 2025: €148,021
- Reserves -€66,188
down €66,188 (-6.9%), from €963,986 to €897,798
- Gross operating margin +€62,930
up €62,930 (+20.7%), from €304,571 to €367,502
- Taxes +€24,868
up €24,868 (+27.7%), from €89,699 to €114,567
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 | €1,003,682 | €1,089,572 | +€85,890 | +8.6% |
| Fixed assets | 21/28 | €40,232 | €30,204 | -€10,028 | -24.9% |
| Tangible fixed assets | 22/27 | €39,887 | €29,860 | -€10,028 | -25.1% |
| Plant, machinery and equipment | 23 | €1,967 | €1,464 | -€504 | -25.6% |
| Furniture and vehicles | 24 | €37,920 | €28,396 | -€9,524 | -25.1% |
| Financial fixed assets | 28 | €344 | €344 | = | 0.0% |
| Current assets | 29/58 | €963,451 | €1,059,368 | +€95,918 | +10.0% |
| Amounts receivable within one year | 40/41 | €129,631 | €16,151 | -€113,480 | -87.5% |
| Trade receivables | 40 | €161 | €15,001 | +€14,840 | +9,226% |
| Other amounts receivable | 41 | €129,470 | €1,150 | -€128,320 | -99.1% |
| Current investments | 50/53 | €627,569 | €773,304 | +€145,735 | +23.2% |
| Cash at bank and in hand | 54/58 | €82,488 | €85,019 | +€2,531 | +3.1% |
| Deferred charges and accrued income | 490/1 | €123,762 | €184,894 | +€61,131 | +49.4% |
| Total equity and liabilities | 10/49 | €1,003,682 | €1,089,572 | +€85,890 | +8.6% |
| Equity | 10/15 | €982,586 | €916,398 | -€66,188 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €963,986 | €897,798 | -€66,188 | -6.9% |
| Distributable reserves | 133 | €963,986 | €897,798 | -€66,188 | -6.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,097 | €173,175 | +€152,078 | +721% |
| Amounts payable after more than one year | 17 | - | €148,021 | +€148,021 | |
| Other amounts payable | 178/9 | - | €148,021 | +€148,021 | |
| Amounts payable within one year | 42/48 | €21,097 | €25,154 | +€4,057 | +19.2% |
| Trade debts | 44 | €596 | €633 | +€37 | +6.3% |
| Suppliers | 440/4 | €596 | €633 | +€37 | +6.3% |
| Taxes, remuneration and social security | 45 | €20,501 | €24,520 | +€4,019 | +19.6% |
| Taxes | 450/3 | €20,501 | €24,520 | +€4,019 | +19.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,945 | €11,274 | +€328 | +3.0% |
| Other operating charges | 640/8 | €779 | €755 | -€24 | -3.1% |
| Gross operating margin | 9900 | €304,571 | €367,502 | +€62,930 | +20.7% |
| Operating profit (loss) | 9901 | €292,847 | €355,473 | +€62,626 | +21.4% |
| Financial income | 75/76B | €1,997 | €4,433 | +€2,437 | +122% |
| Recurring financial income | 75 | €1,997 | €4,433 | +€2,437 | +122% |
| Financial charges | 65/66B | €134 | €135 | +€2 | +1.4% |
| Recurring financial charges | 65 | €134 | €135 | +€2 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €294,709 | €359,771 | +€65,061 | +22.1% |
| Income taxes | 67/77 | €89,699 | €114,567 | +€24,868 | +27.7% |
| Profit (loss) for the period | 9904 | €205,010 | €245,204 | +€40,194 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €205,010 | €245,204 | +€40,194 | +19.6% |
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 26 October 2026 via checked.be.