Dr. Piet 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. Piet Dirix
Largest movements
- Deferred charges and accrued income -€46,090
down €46,090 (-99.0%), from €46,550 to €460
- Intangible fixed assets -€38,000
down €38,000 (-46.2%), from €82,333 to €44,333
- Receivables within one year +€32,018
up €32,018 (+22.0%), from €145,803 to €177,821
of which Trade receivables: +€27,348
- Debts after one year -€58,256
down €58,256 (-49.8%), from €117,081 to €58,825
- Other debts +€8,695
up €8,695 (+4.6%), from €190,465 to €199,160
- Trade debts -€6,819
down €6,819 (-100%), from €6,819 to €0
- Tax, wage and social debts +€4,461
up €4,461, from €0 to €4,461
- Gross operating margin -€18,304
down €18,304 (-6.6%), from €276,175 to €257,871
- Taxes -€4,598
down €4,598 (-7.8%), from €59,088 to €54,490
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 | €392,516 | €341,162 | -€51,354 | -13.1% |
| Fixed assets | 21/28 | €165,578 | €127,523 | -€38,055 | -23.0% |
| Intangible fixed assets | 21 | €82,333 | €44,333 | -€38,000 | -46.2% |
| Tangible fixed assets | 22/27 | €83,245 | €83,189 | -€55 | -0.1% |
| Land and buildings | 22 | €28,012 | €27,212 | -€800 | -2.9% |
| Plant, machinery and equipment | 23 | - | €3,896 | +€3,896 | |
| Furniture and vehicles | 24 | €3,895 | €2,409 | -€1,486 | -38.2% |
| Other tangible fixed assets | 26 | €51,338 | €49,673 | -€1,665 | -3.2% |
| Current assets | 29/58 | €226,938 | €213,639 | -€13,299 | -5.9% |
| Amounts receivable within one year | 40/41 | €145,803 | €177,821 | +€32,018 | +22.0% |
| Trade receivables | 40 | €143,520 | €170,868 | +€27,348 | +19.1% |
| Other amounts receivable | 41 | €2,283 | €6,952 | +€4,670 | +205% |
| Cash at bank and in hand | 54/58 | €34,584 | €35,358 | +€774 | +2.2% |
| Deferred charges and accrued income | 490/1 | €46,550 | €460 | -€46,090 | -99.0% |
| Total equity and liabilities | 10/49 | €392,516 | €341,162 | -€51,354 | -13.1% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €372,056 | €320,702 | -€51,354 | -13.8% |
| Amounts payable after more than one year | 17 | €117,081 | €58,825 | -€58,256 | -49.8% |
| Financial debts | 170/4 | €117,081 | €58,825 | -€58,256 | -49.8% |
| Amounts payable within one year | 42/48 | €254,975 | €261,876 | +€6,902 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €57,691 | €58,256 | +€564 | +1.0% |
| Trade debts | 44 | €6,819 | €0 | -€6,819 | -100% |
| Suppliers | 440/4 | €6,819 | €0 | -€6,819 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €4,461 | +€4,461 | |
| Taxes | 450/3 | €0 | €4,461 | +€4,461 | |
| Other amounts payable | 47/48 | €190,465 | €199,160 | +€8,695 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,369 | €44,117 | -€1,252 | -2.8% |
| Other operating charges | 640/8 | €1,939 | €2,971 | +€1,032 | +53.2% |
| Non-recurring operating charges | 66A | €3,180 | €0 | -€3,180 | -100% |
| Gross operating margin | 9900 | €276,175 | €257,871 | -€18,304 | -6.6% |
| Operating profit (loss) | 9901 | €225,688 | €210,783 | -€14,905 | -6.6% |
| Financial income | 75/76B | €1,485 | €213 | -€1,272 | -85.7% |
| Recurring financial income | 75 | €1,485 | €213 | -€1,272 | -85.7% |
| Financial charges | 65/66B | €2,427 | €2,097 | -€331 | -13.6% |
| Recurring financial charges | 65 | €2,427 | €2,097 | -€331 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €224,746 | €208,900 | -€15,846 | -7.1% |
| Income taxes | 67/77 | €59,088 | €54,490 | -€4,598 | -7.8% |
| Profit (loss) for the period | 9904 | €165,657 | €154,409 | -€11,248 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €165,657 | €154,409 | -€11,248 | -6.8% |
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 20 October 2026 via checked.be.