ELS DIERCKX: 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.
ELS DIERCKX
Largest movements
- Cash +€58,595
up €58,595 (+75.4%), from €77,724 to €136,319
mainly Other debts (+€104,049) and Net result for the year (+€91,736)
- Current investments +€24,000
up €24,000 (+46.2%), from €52,000 to €76,000
- Receivables within one year -€10,071
down €10,071 (-37.1%), from €27,132 to €17,061
of which Trade receivables: -€6,667
- Other debts +€104,049
up €104,049 (+2,710%), from €3,839 to €107,888
- Reserves -€31,820
down €31,820 (-25.8%), from €123,556 to €91,736
- Tax, wage and social debts +€5,805
up €5,805 (+19.5%), from €29,761 to €35,566
of which Taxes: +€5,551
- Trade debts -€3,585
down €3,585 (-56.6%), from €6,337 to €2,752
- Gross operating margin +€56,584
up €56,584 (+82.5%), from €68,568 to €125,152
- Taxes +€13,917
up €13,917 (+78.3%), from €17,764 to €31,681
- Depreciation -€5,977
down €5,977 (-59.4%), from €10,066 to €4,088
- Financial income +€2,330
up €2,330 (+10,132%), from €23 to €2,353
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 | €168,493 | €242,942 | +€74,449 | +44.2% |
| Fixed assets | 21/28 | €11,384 | €13,305 | +€1,921 | +16.9% |
| Tangible fixed assets | 22/27 | €11,384 | €13,305 | +€1,921 | +16.9% |
| Plant, machinery and equipment | 23 | €10,064 | €9,291 | -€773 | -7.7% |
| Furniture and vehicles | 24 | €1,320 | €4,013 | +€2,694 | +204% |
| Current assets | 29/58 | €157,109 | €229,638 | +€72,528 | +46.2% |
| Amounts receivable within one year | 40/41 | €27,132 | €17,061 | -€10,071 | -37.1% |
| Trade receivables | 40 | €23,729 | €17,061 | -€6,667 | -28.1% |
| Other amounts receivable | 41 | €3,404 | - | -€3,404 | |
| Current investments | 50/53 | €52,000 | €76,000 | +€24,000 | +46.2% |
| Cash at bank and in hand | 54/58 | €77,724 | €136,319 | +€58,595 | +75.4% |
| Deferred charges and accrued income | 490/1 | €253 | €258 | +€5 | +1.8% |
| Total equity and liabilities | 10/49 | €168,493 | €242,942 | +€74,449 | +44.2% |
| Equity | 10/15 | €128,556 | €96,736 | -€31,820 | -24.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €123,556 | €91,736 | -€31,820 | -25.8% |
| Distributable reserves | 133 | €123,556 | €91,736 | -€31,820 | -25.8% |
| Amounts payable | 17/49 | €39,937 | €146,206 | +€106,270 | +266% |
| Amounts payable within one year | 42/48 | €39,937 | €146,206 | +€106,270 | +266% |
| Trade debts | 44 | €6,337 | €2,752 | -€3,585 | -56.6% |
| Suppliers | 440/4 | €6,337 | €2,752 | -€3,585 | -56.6% |
| Taxes, remuneration and social security | 45 | €29,761 | €35,566 | +€5,805 | +19.5% |
| Taxes | 450/3 | €27,451 | €33,002 | +€5,551 | +20.2% |
| Remuneration and social security | 454/9 | €2,310 | €2,565 | +€255 | +11.0% |
| Other amounts payable | 47/48 | €3,839 | €107,888 | +€104,049 | +2,710% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,066 | €4,088 | -€5,977 | -59.4% |
| Gross operating margin | 9900 | €68,568 | €125,152 | +€56,584 | +82.5% |
| Operating profit (loss) | 9901 | €58,502 | €121,064 | +€62,562 | +107% |
| Financial income | 75/76B | €23 | €2,353 | +€2,330 | +10,132% |
| Recurring financial income | 75 | €23 | €2,353 | +€2,330 | +10,132% |
| Financial charges | 65/66B | €29 | - | -€29 | |
| Recurring financial charges | 65 | €29 | - | -€29 | |
| Profit (loss) for the period before taxes | 9903 | €58,496 | €123,417 | +€64,921 | +111% |
| Income taxes | 67/77 | €17,764 | €31,681 | +€13,917 | +78.3% |
| Profit (loss) for the period | 9904 | €40,732 | €91,736 | +€51,004 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €40,732 | €91,736 | +€51,004 | +125% |
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 21 October 2026 via checked.be.