Kris Dierick: what changed
Two fiscal 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.
Kris Dierick
Largest movements
- Tangible fixed assets -€13,925
down €13,925 (-30.8%), from €45,246 to €31,321
of which Furniture and vehicles: -€13,191
- Cash -€10,630
down €10,630 (-40.8%), from €26,069 to €15,439
mainly Contributions, distributions and other (-€78,227) and Debts after one year (-€11,297)
- Profit (loss) carried forward -€54,501
no longer reported in 2025 (was €54,501)
- Other debts +€30,640
up €30,640 (+41.8%), from €73,307 to €103,946
- Trade debts +€16,735
up €16,735 (+1339.3%), from €1,249 to €17,984
- Debts after one year -€11,297
down €11,297 (-42.6%), from €26,524 to €15,227
- Tax, wage and social debts -€3,942
down €3,942 (-66.7%), from €5,912 to €1,970
- Gross operating margin -€34,328
down €34,328 (-40.5%), from €84,729 to €50,401
- Taxes -€7,990
down €7,990 (-42.1%), from €18,980 to €10,990
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.
Cash bridge derived
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 | €200,544 | €174,393 | -€26,151 | -13.0% |
| Fixed assets | 21/28 | €171,753 | €157,827 | -€13,925 | -8.1% |
| Tangible fixed assets | 22/27 | €45,246 | €31,321 | -€13,925 | -30.8% |
| Land and buildings | 22 | €3,743 | €3,338 | -€405 | -10.8% |
| Plant, machinery and equipment | 23 | €1,878 | €1,650 | -€228 | -12.1% |
| Furniture and vehicles | 24 | €38,195 | €25,005 | -€13,191 | -34.5% |
| Other tangible fixed assets | 26 | €1,430 | €1,328 | -€102 | -7.1% |
| Financial fixed assets | 28 | €126,507 | €126,507 | = | 0.0% |
| Current assets | 29/58 | €28,791 | €16,566 | -€12,226 | -42.5% |
| Amounts receivable within one year | 40/41 | €160 | - | -€160 | |
| Trade receivables | 40 | €160 | - | -€160 | |
| Cash at bank and in hand | 54/58 | €26,069 | €15,439 | -€10,630 | -40.8% |
| Deferred charges and accrued income | 490/1 | €2,562 | €1,127 | -€1,435 | -56.0% |
| Total equity and liabilities | 10/49 | €200,544 | €174,393 | -€26,151 | -13.0% |
| Equity | 10/15 | €73,101 | €18,600 | -€54,501 | -74.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,501 | - | -€54,501 | |
| Amounts payable | 17/49 | €127,443 | €155,793 | +€28,350 | +22.2% |
| Amounts payable after more than one year | 17 | €26,524 | €15,227 | -€11,297 | -42.6% |
| Financial debts | 170/4 | €26,524 | €15,227 | -€11,297 | -42.6% |
| Amounts payable within one year | 42/48 | €98,862 | €138,564 | +€39,702 | +40.2% |
| Current portion of amounts payable after more than one year | 42 | €18,394 | €14,663 | -€3,731 | -20.3% |
| Trade debts | 44 | €1,249 | €17,984 | +€16,735 | +1339.3% |
| Suppliers | 440/4 | €1,249 | €17,984 | +€16,735 | +1339.3% |
| Taxes, remuneration and social security | 45 | €5,912 | €1,970 | -€3,942 | -66.7% |
| Taxes | 450/3 | €5,912 | €1,970 | -€3,942 | -66.7% |
| Other amounts payable | 47/48 | €73,307 | €103,946 | +€30,640 | +41.8% |
| Accrued charges and deferred income | 492/3 | €2,057 | €2,002 | -€55 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,100 | €13,925 | -€174 | -1.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €84,729 | €50,401 | -€34,328 | -40.5% |
| Operating profit (loss) | 9901 | €70,242 | €36,076 | -€34,166 | -48.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,886 | €1,359 | -€526 | -27.9% |
| Recurring financial charges | 65 | €1,886 | €1,359 | -€526 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €68,357 | €34,716 | -€33,640 | -49.2% |
| Income taxes | 67/77 | €18,980 | €10,990 | -€7,990 | -42.1% |
| Profit (loss) for the period | 9904 | €49,376 | €23,726 | -€25,650 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,376 | €23,726 | -€25,650 | -51.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.