DR. MARC DIRIX: 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. MARC DIRIX
Largest movements
- Cash +€55,718
up €55,718 (+66.1%), from €84,325 to €140,043
mainly Net result for the year (+€90,671) and Depreciation (+€21,418)
- Tangible fixed assets -€14,812
down €14,812 (-4.2%), from €350,255 to €335,443
of which Furniture and vehicles: -€9,509
- Reserves +€90,671
up €90,671 (+31.7%), from €286,261 to €376,933
of which Distributable reserves: +€90,671
- Other debts -€33,030
down €33,030 (-91.3%), from €36,160 to €3,130
- Debts after one year -€24,134
down €24,134 (-17.5%), from €137,636 to €113,502
- Tax, wage and social debts +€9,365
up €9,365 (+37.1%), from €25,259 to €34,625
- Gross operating margin +€16,002
up €16,002 (+10.8%), from €148,513 to €164,515
- Taxes +€6,802
up €6,802 (+17.4%), from €39,013 to €45,815
- Depreciation -€3,725
down €3,725 (-14.8%), from €25,143 to €21,418
- Other operating charges +€2,944
up €2,944 (+133.6%), from €2,204 to €5,148
- Financial charges -€2,020
down €2,020 (-51.2%), from €3,944 to €1,924
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 | €524,516 | €570,431 | +€45,915 | +8.8% |
| Fixed assets | 21/28 | €350,255 | €335,443 | -€14,812 | -4.2% |
| Tangible fixed assets | 22/27 | €350,255 | €335,443 | -€14,812 | -4.2% |
| Land and buildings | 22 | €312,656 | €304,636 | -€8,019 | -2.6% |
| Plant, machinery and equipment | 23 | €721 | €3,437 | +€2,716 | +376.8% |
| Furniture and vehicles | 24 | €36,879 | €27,370 | -€9,509 | -25.8% |
| Current assets | 29/58 | €174,261 | €234,988 | +€60,727 | +34.8% |
| Amounts receivable within one year | 40/41 | €89,935 | €94,619 | +€4,683 | +5.2% |
| Other amounts receivable | 41 | €89,935 | €94,619 | +€4,683 | +5.2% |
| Cash at bank and in hand | 54/58 | €84,325 | €140,043 | +€55,718 | +66.1% |
| Deferred charges and accrued income | 490/1 | €0 | €326 | +€326 | |
| Total equity and liabilities | 10/49 | €524,516 | €570,431 | +€45,915 | +8.8% |
| Equity | 10/15 | €298,661 | €389,333 | +€90,671 | +30.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €286,261 | €376,933 | +€90,671 | +31.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €286,261 | €376,933 | +€90,671 | +31.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €225,855 | €181,098 | -€44,756 | -19.8% |
| Amounts payable after more than one year | 17 | €137,636 | €113,502 | -€24,134 | -17.5% |
| Financial debts | 170/4 | €137,636 | €113,502 | -€24,134 | -17.5% |
| Amounts payable within one year | 42/48 | €88,219 | €67,597 | -€20,622 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €23,837 | €24,134 | +€297 | +1.2% |
| Trade debts | 44 | €2,963 | €5,708 | +€2,745 | +92.7% |
| Suppliers | 440/4 | €2,963 | €5,708 | +€2,745 | +92.7% |
| Taxes, remuneration and social security | 45 | €25,259 | €34,625 | +€9,365 | +37.1% |
| Taxes | 450/3 | €25,259 | €34,625 | +€9,365 | +37.1% |
| Other amounts payable | 47/48 | €36,160 | €3,130 | -€33,030 | -91.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,143 | €21,418 | -€3,725 | -14.8% |
| Other operating charges | 640/8 | €2,204 | €5,148 | +€2,944 | +133.6% |
| Non-recurring operating charges | 66A | - | €139 | +€139 | |
| Gross operating margin | 9900 | €148,513 | €164,515 | +€16,002 | +10.8% |
| Operating profit (loss) | 9901 | €121,166 | €137,810 | +€16,645 | +13.7% |
| Financial income | 75/76B | €301 | €600 | +€299 | +99.3% |
| Recurring financial income | 75 | €301 | €600 | +€299 | +99.3% |
| Financial charges | 65/66B | €3,944 | €1,924 | -€2,020 | -51.2% |
| Recurring financial charges | 65 | €3,944 | €1,924 | -€2,020 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €117,523 | €136,486 | +€18,963 | +16.1% |
| Income taxes | 67/77 | €39,013 | €45,815 | +€6,802 | +17.4% |
| Profit (loss) for the period | 9904 | €78,510 | €90,671 | +€12,162 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,510 | €90,671 | +€12,162 | +15.5% |
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.