GLENN 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.
GLENN DIERCKX
Largest movements
- Cash -€22,097
down €22,097 (-30.8%), from €71,814 to €49,716
mainly Contributions, distributions and other (-€170,252) and Investment in fixed assets (net) (-€11,845)
- Tangible fixed assets -€13,453
down €13,453 (-23.3%), from €57,719 to €44,266
of which Furniture and vehicles: -€9,011
- Receivables within one year -€11,959
down €11,959 (-37.1%), from €32,204 to €20,245
of which Trade receivables: -€16,711
- Profit (loss) carried forward -€132,440
no longer reported in 2025 (was €132,440)
- Other debts +€94,763
up €94,763 (+2,222%), from €4,265 to €99,028
- Contributions -€7,985
down €7,985 (-66.2%), from €12,058 to €4,072
- Tax, wage and social debts -€2,292
down €2,292 (-22.2%), from €10,326 to €8,034
- Gross operating margin -€12,990
down €12,990 (-16.0%), from €81,176 to €68,187
- Taxes -€2,698
down €2,698 (-23.6%), from €11,411 to €8,713
- Financial charges +€1,220
up €1,220 (+294%), from €416 to €1,636
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 | €162,954 | €114,478 | -€48,476 | -29.7% |
| Fixed assets | 21/28 | €57,719 | €44,266 | -€13,453 | -23.3% |
| Tangible fixed assets | 22/27 | €57,719 | €44,266 | -€13,453 | -23.3% |
| Plant, machinery and equipment | 23 | €2,318 | €1,255 | -€1,064 | -45.9% |
| Furniture and vehicles | 24 | €12,887 | €3,876 | -€9,011 | -69.9% |
| Other tangible fixed assets | 26 | €42,514 | €39,136 | -€3,378 | -7.9% |
| Current assets | 29/58 | €105,234 | €70,212 | -€35,023 | -33.3% |
| Amounts receivable within one year | 40/41 | €32,204 | €20,245 | -€11,959 | -37.1% |
| Trade receivables | 40 | €30,669 | €13,958 | -€16,711 | -54.5% |
| Other amounts receivable | 41 | €1,535 | €6,287 | +€4,752 | +309% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €71,814 | €49,716 | -€22,097 | -30.8% |
| Deferred charges and accrued income | 490/1 | €966 | - | -€966 | |
| Total equity and liabilities | 10/49 | €162,954 | €114,478 | -€48,476 | -29.7% |
| Equity | 10/15 | €146,352 | €5,927 | -€140,425 | -96.0% |
| Contributions | 10/11 | €12,058 | €4,072 | -€7,985 | -66.2% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,440 | - | -€132,440 | |
| Amounts payable | 17/49 | €16,602 | €108,551 | +€91,949 | +554% |
| Amounts payable within one year | 42/48 | €16,602 | €108,551 | +€91,949 | +554% |
| Trade debts | 44 | €2,010 | €1,488 | -€522 | -26.0% |
| Suppliers | 440/4 | €2,010 | €1,488 | -€522 | -26.0% |
| Taxes, remuneration and social security | 45 | €10,326 | €8,034 | -€2,292 | -22.2% |
| Taxes | 450/3 | €10,326 | €8,034 | -€2,292 | -22.2% |
| Other amounts payable | 47/48 | €4,265 | €99,028 | +€94,763 | +2,222% |
| Remuneration, social security and pensions | 62 | €1,719 | €1,667 | -€52 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,215 | €25,298 | +€84 | +0.3% |
| Other operating charges | 640/8 | €953 | €1,046 | +€92 | +9.7% |
| Gross operating margin | 9900 | €81,176 | €68,187 | -€12,990 | -16.0% |
| Operating profit (loss) | 9901 | €53,289 | €40,176 | -€13,114 | -24.6% |
| Financial charges | 65/66B | €416 | €1,636 | +€1,220 | +294% |
| Recurring financial charges | 65 | €416 | €1,636 | +€1,220 | +294% |
| Profit (loss) for the period before taxes | 9903 | €52,873 | €38,540 | -€14,334 | -27.1% |
| Income taxes | 67/77 | €11,411 | €8,713 | -€2,698 | -23.6% |
| Profit (loss) for the period | 9904 | €41,463 | €29,827 | -€11,636 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,463 | €29,827 | -€11,636 | -28.1% |
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 19 October 2026 via checked.be.