Dr. Stephanie Dirx: 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. Stephanie Dirx
Largest movements
- Receivables within one year -€5,113
down €5,113 (-47.2%), from €10,844 to €5,731
- Deferred charges and accrued income +€4,826
up €4,826 (+5.8%), from €83,687 to €88,514
- Cash -€4,254
down €4,254 (-7.2%), from €58,755 to €54,501
mainly Contributions, distributions and other (-€179,465) and Tax, wage and social debts (-€38,035)
- Other debts +€117,047
up €117,047 (+450%), from €25,982 to €143,029
- Reserves -€84,967
no longer reported in 2025 (was €84,967)
- Tax, wage and social debts -€38,035
down €38,035 (-60.9%), from €62,471 to €24,436
of which Taxes: -€38,895
- Gross operating margin +€17,592
up €17,592 (+12.2%), from €144,384 to €161,976
- Staff costs +€4,917
up €4,917 (+23.2%), from €21,239 to €26,156
- Taxes +€3,210
up €3,210 (+12.5%), from €25,769 to €28,979
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 | €179,336 | €174,673 | -€4,663 | -2.6% |
| Fixed assets | 21/28 | €26,049 | €25,928 | -€121 | -0.5% |
| Tangible fixed assets | 22/27 | €26,049 | €25,928 | -€121 | -0.5% |
| Land and buildings | 22 | €10,333 | €17,623 | +€7,291 | +70.6% |
| Plant, machinery and equipment | 23 | €8,921 | €5,667 | -€3,254 | -36.5% |
| Furniture and vehicles | 24 | €6,795 | €2,637 | -€4,158 | -61.2% |
| Current assets | 29/58 | €153,287 | €148,746 | -€4,541 | -3.0% |
| Amounts receivable within one year | 40/41 | €10,844 | €5,731 | -€5,113 | -47.2% |
| Other amounts receivable | 41 | €10,844 | €5,731 | -€5,113 | -47.2% |
| Cash at bank and in hand | 54/58 | €58,755 | €54,501 | -€4,254 | -7.2% |
| Deferred charges and accrued income | 490/1 | €83,687 | €88,514 | +€4,826 | +5.8% |
| Total equity and liabilities | 10/49 | €179,336 | €174,673 | -€4,663 | -2.6% |
| Equity | 10/15 | €87,967 | €3,000 | -€84,967 | -96.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €84,967 | - | -€84,967 | |
| Distributable reserves | 133 | €84,967 | - | -€84,967 | |
| Amounts payable | 17/49 | €91,369 | €171,673 | +€80,304 | +87.9% |
| Amounts payable within one year | 42/48 | €91,369 | €171,673 | +€80,304 | +87.9% |
| Trade debts | 44 | €2,915 | €4,208 | +€1,293 | +44.3% |
| Suppliers | 440/4 | €2,915 | €4,208 | +€1,293 | +44.3% |
| Taxes, remuneration and social security | 45 | €62,471 | €24,436 | -€38,035 | -60.9% |
| Taxes | 450/3 | €59,619 | €20,724 | -€38,895 | -65.2% |
| Remuneration and social security | 454/9 | €2,852 | €3,712 | +€860 | +30.1% |
| Other amounts payable | 47/48 | €25,982 | €143,029 | +€117,047 | +450% |
| Non-recurring operating income | 76A | €158 | - | -€158 | |
| Remuneration, social security and pensions | 62 | €21,239 | €26,156 | +€4,917 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,627 | €10,211 | -€1,417 | -12.2% |
| Other operating charges | 640/8 | €696 | €1,206 | +€510 | +73.2% |
| Gross operating margin | 9900 | €144,384 | €161,976 | +€17,592 | +12.2% |
| Operating profit (loss) | 9901 | €110,821 | €124,403 | +€13,582 | +12.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €85 | €926 | +€842 | +996% |
| Recurring financial charges | 65 | €85 | €926 | +€842 | +996% |
| Profit (loss) for the period before taxes | 9903 | €110,736 | €123,476 | +€12,740 | +11.5% |
| Income taxes | 67/77 | €25,769 | €28,979 | +€3,210 | +12.5% |
| Profit (loss) for the period | 9904 | €84,967 | €94,498 | +€9,531 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €84,967 | €94,498 | +€9,531 | +11.2% |
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 25 October 2026 via checked.be.