Guy 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.
Guy Dierckx
Largest movements
- Receivables within one year +€47,964
up €47,964 (+272%), from €17,664 to €65,629
of which Other amounts receivable: +€54,606
- Tangible fixed assets +€6,623
up €6,623 (+24.7%), from €26,861 to €33,484
of which Furniture and vehicles: +€5,132
- Cash +€2,317
up €2,317 (+10.1%), from €23,034 to €25,351
mainly Net result for the year (+€43,913) and Debts after one year (+€18,114)
- Reserves +€43,913
up €43,913 (+118%), from €37,332 to €81,245
- Debts after one year +€18,114
new in 2025: €18,114
- Other debts -€10,955
no longer reported in 2025 (was €10,955)
- Short-term financial debts +€5,694
new in 2025: €5,694
- Tax, wage and social debts +€2,442
up €2,442 (+19.1%), from €12,774 to €15,216
- Gross operating margin +€12,277
up €12,277 (+21.0%), from €58,394 to €70,672
- Depreciation +€3,230
up €3,230 (+46.7%), from €6,919 to €10,149
- Taxes +€2,442
up €2,442 (+19.1%), from €12,774 to €15,216
- Financial charges +€1,800
up €1,800 (+2,362%), from €76 to €1,876
- Financial income +€1,682
up €1,682 (+2,403,329%), from €0 to €1,682
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 | €68,416 | €125,509 | +€57,093 | +83.5% |
| Fixed assets | 21/28 | €27,717 | €34,198 | +€6,480 | +23.4% |
| Intangible fixed assets | 21 | €857 | €714 | -€143 | -16.7% |
| Tangible fixed assets | 22/27 | €26,861 | €33,484 | +€6,623 | +24.7% |
| Furniture and vehicles | 24 | €23,744 | €28,876 | +€5,132 | +21.6% |
| Other tangible fixed assets | 26 | €3,117 | €4,608 | +€1,491 | +47.8% |
| Current assets | 29/58 | €40,699 | €91,312 | +€50,613 | +124% |
| Amounts receivable within one year | 40/41 | €17,664 | €65,629 | +€47,964 | +272% |
| Trade receivables | 40 | €15,250 | €8,608 | -€6,642 | -43.6% |
| Other amounts receivable | 41 | €2,414 | €57,021 | +€54,606 | +2,262% |
| Cash at bank and in hand | 54/58 | €23,034 | €25,351 | +€2,317 | +10.1% |
| Deferred charges and accrued income | 490/1 | - | €332 | +€332 | |
| Total equity and liabilities | 10/49 | €68,416 | €125,509 | +€57,093 | +83.5% |
| Equity | 10/15 | €42,332 | €86,245 | +€43,913 | +104% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,332 | €81,245 | +€43,913 | +118% |
| Distributable reserves | 133 | €37,332 | €81,245 | +€43,913 | +118% |
| Amounts payable | 17/49 | €26,084 | €39,264 | +€13,180 | +50.5% |
| Amounts payable after more than one year | 17 | - | €18,114 | +€18,114 | |
| Financial debts | 170/4 | - | €18,114 | +€18,114 | |
| Amounts payable within one year | 42/48 | €26,084 | €21,150 | -€4,933 | -18.9% |
| Financial debts | 43 | - | €5,694 | +€5,694 | |
| Credit institutions | 430/8 | - | €5,694 | +€5,694 | |
| Trade debts | 44 | €2,355 | €240 | -€2,115 | -89.8% |
| Suppliers | 440/4 | €2,355 | €240 | -€2,115 | -89.8% |
| Taxes, remuneration and social security | 45 | €12,774 | €15,216 | +€2,442 | +19.1% |
| Taxes | 450/3 | €12,774 | €15,216 | +€2,442 | +19.1% |
| Other amounts payable | 47/48 | €10,955 | - | -€10,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,919 | €10,149 | +€3,230 | +46.7% |
| Other operating charges | 640/8 | €1,293 | €1,200 | -€93 | -7.2% |
| Gross operating margin | 9900 | €58,394 | €70,672 | +€12,277 | +21.0% |
| Operating profit (loss) | 9901 | €50,182 | €59,323 | +€9,141 | +18.2% |
| Financial income | 75/76B | €0 | €1,682 | +€1,682 | +2,403,329% |
| Recurring financial income | 75 | €0 | €1,682 | +€1,682 | +2,403,329% |
| Financial charges | 65/66B | €76 | €1,876 | +€1,800 | +2,362% |
| Recurring financial charges | 65 | €76 | €1,876 | +€1,800 | +2,362% |
| Profit (loss) for the period before taxes | 9903 | €50,106 | €59,129 | +€9,023 | +18.0% |
| Income taxes | 67/77 | €12,774 | €15,216 | +€2,442 | +19.1% |
| Profit (loss) for the period | 9904 | €37,332 | €43,913 | +€6,581 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,332 | €43,913 | +€6,581 | +17.6% |
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 15 October 2026 via checked.be.