Joke Dirks: 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.
Joke Dirks
Largest movements
- Receivables after one year +€100,000
new in 2025: €100,000
- Receivables within one year -€18,363
down €18,363 (-28.8%), from €63,808 to €45,445
of which Trade receivables: -€25,481
- Cash -€10,941
down €10,941 (-8.8%), from €123,856 to €112,915
mainly Receivables after one year (-€100,000) and Other debts (-€29,815)
- Reserves +€108,410
up €108,410 (+72.4%), from €149,832 to €258,242
- Other debts -€29,815
no longer reported in 2025 (was €29,815)
- Debts after one year -€11,346
down €11,346 (-36.1%), from €31,423 to €20,077
- Tax, wage and social debts +€4,670
up €4,670 (+70.6%), from €6,620 to €11,290
of which Taxes: +€11,290
- Trade debts -€3,548
down €3,548 (-98.5%), from €3,602 to €54
- Gross operating margin +€67,066
up €67,066 (+72.2%), from €92,876 to €159,942
- Taxes +€15,806
up €15,806 (+102%), from €15,484 to €31,290
- Financial charges -€4,089
down €4,089 (-63.2%), from €6,468 to €2,379
of which Non-recurring financial charges: -€3,500
- Other operating charges +€2,549
up €2,549 (+281%), from €908 to €3,457
- Depreciation +€2,318
up €2,318 (+19.2%), from €12,087 to €14,405
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 | €241,468 | €310,418 | +€68,951 | +28.6% |
| Fixed assets | 21/28 | €52,538 | €50,734 | -€1,805 | -3.4% |
| Tangible fixed assets | 22/27 | €52,538 | €50,734 | -€1,805 | -3.4% |
| Land and buildings | 22 | €3,859 | €3,446 | -€414 | -10.7% |
| Plant, machinery and equipment | 23 | €3,327 | €2,635 | -€692 | -20.8% |
| Furniture and vehicles | 24 | €45,352 | €44,653 | -€699 | -1.5% |
| Current assets | 29/58 | €188,929 | €259,685 | +€70,756 | +37.5% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €63,808 | €45,445 | -€18,363 | -28.8% |
| Trade receivables | 40 | €44,639 | €19,158 | -€25,481 | -57.1% |
| Other amounts receivable | 41 | €19,169 | €26,287 | +€7,118 | +37.1% |
| Cash at bank and in hand | 54/58 | €123,856 | €112,915 | -€10,941 | -8.8% |
| Deferred charges and accrued income | 490/1 | €1,265 | €1,325 | +€59 | +4.7% |
| Total equity and liabilities | 10/49 | €241,468 | €310,418 | +€68,951 | +28.6% |
| Equity | 10/15 | €152,832 | €261,242 | +€108,410 | +70.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €149,832 | €258,242 | +€108,410 | +72.4% |
| Distributable reserves | 133 | €149,832 | €258,242 | +€108,410 | +72.4% |
| Amounts payable | 17/49 | €88,636 | €49,176 | -€39,459 | -44.5% |
| Amounts payable after more than one year | 17 | €31,423 | €20,077 | -€11,346 | -36.1% |
| Financial debts | 170/4 | €31,423 | €20,077 | -€11,346 | -36.1% |
| Amounts payable within one year | 42/48 | €57,212 | €29,099 | -€28,114 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €10,848 | €11,346 | +€497 | +4.6% |
| Financial debts | 43 | €6,327 | €6,409 | +€82 | +1.3% |
| Credit institutions | 430/8 | €6,327 | €6,409 | +€82 | +1.3% |
| Trade debts | 44 | €3,602 | €54 | -€3,548 | -98.5% |
| Suppliers | 440/4 | €3,602 | €54 | -€3,548 | -98.5% |
| Taxes, remuneration and social security | 45 | €6,620 | €11,290 | +€4,670 | +70.6% |
| Taxes | 450/3 | - | €11,290 | +€11,290 | |
| Remuneration and social security | 454/9 | €6,620 | - | -€6,620 | |
| Other amounts payable | 47/48 | €29,815 | - | -€29,815 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,087 | €14,405 | +€2,318 | +19.2% |
| Other operating charges | 640/8 | €908 | €3,457 | +€2,549 | +281% |
| Gross operating margin | 9900 | €92,876 | €159,942 | +€67,066 | +72.2% |
| Operating profit (loss) | 9901 | €79,881 | €142,079 | +€62,198 | +77.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,468 | €2,379 | -€4,089 | -63.2% |
| Recurring financial charges | 65 | €2,968 | €2,379 | -€589 | -19.8% |
| Non-recurring financial charges | 66B | €3,500 | - | -€3,500 | |
| Profit (loss) for the period before taxes | 9903 | €73,413 | €139,700 | +€66,287 | +90.3% |
| Income taxes | 67/77 | €15,484 | €31,290 | +€15,806 | +102% |
| Profit (loss) for the period | 9904 | €57,929 | €108,410 | +€50,481 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,929 | €108,410 | +€50,481 | +87.1% |
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 16 October 2026 via checked.be.