LUC DIERICK: 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.
LUC DIERICK
Largest movements
- Current investments +€200,000
up €200,000 (+236%), from €84,589 to €284,589
- Cash -€165,978
down €165,978 (-36.8%), from €451,130 to €285,152
mainly Current investments (-€200,000) and Deferred charges and accrued income (-€4,345)
- Reserves +€31,036
up €31,036 (+5.9%), from €526,042 to €557,077
of which Distributable reserves: +€31,036
- Financial income +€5,438
up €5,438 (+136%), from €4,010 to €9,447
- Gross operating margin +€2,621
up €2,621 (+6.9%), from €37,932 to €40,553
- Taxes +€2,491
up €2,491 (+19.5%), from €12,800 to €15,291
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 | €613,132 | €651,470 | +€38,338 | +6.3% |
| Fixed assets | 21/28 | €1,766 | €1,672 | -€94 | -5.3% |
| Tangible fixed assets | 22/27 | €1,766 | €1,672 | -€94 | -5.3% |
| Furniture and vehicles | 24 | €1,766 | €1,672 | -€94 | -5.3% |
| Current assets | 29/58 | €611,366 | €649,798 | +€38,432 | +6.3% |
| Amounts receivable within one year | 40/41 | €72,936 | €73,000 | +€64 | +0.1% |
| Other amounts receivable | 41 | €72,936 | €73,000 | +€64 | +0.1% |
| Current investments | 50/53 | €84,589 | €284,589 | +€200,000 | +236% |
| Cash at bank and in hand | 54/58 | €451,130 | €285,152 | -€165,978 | -36.8% |
| Deferred charges and accrued income | 490/1 | €2,712 | €7,057 | +€4,345 | +160% |
| Total equity and liabilities | 10/49 | €613,132 | €651,470 | +€38,338 | +6.3% |
| Equity | 10/15 | €604,640 | €635,676 | +€31,036 | +5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €526,042 | €557,077 | +€31,036 | +5.9% |
| Non-distributable reserves | 130/1 | €8,224 | €8,224 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,224 | €8,224 | = | 0.0% |
| Distributable reserves | 133 | €517,818 | €548,853 | +€31,036 | +6.0% |
| Profit (loss) carried forward | 14 | €66,199 | €66,199 | = | 0.0% |
| Amounts payable | 17/49 | €8,492 | €15,794 | +€7,302 | +86.0% |
| Amounts payable within one year | 42/48 | €8,492 | €15,727 | +€7,235 | +85.2% |
| Trade debts | 44 | €938 | €3,978 | +€3,041 | +324% |
| Suppliers | 440/4 | €938 | €3,978 | +€3,041 | +324% |
| Taxes, remuneration and social security | 45 | €5,635 | €7,416 | +€1,781 | +31.6% |
| Taxes | 450/3 | €5,635 | €7,416 | +€1,781 | +31.6% |
| Other amounts payable | 47/48 | €1,919 | €4,333 | +€2,413 | +126% |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503 | €720 | +€217 | +43.0% |
| Other operating charges | 640/8 | €2,202 | €1,853 | -€348 | -15.8% |
| Gross operating margin | 9900 | €37,932 | €40,553 | +€2,621 | +6.9% |
| Operating profit (loss) | 9901 | €35,227 | €37,980 | +€2,753 | +7.8% |
| Financial income | 75/76B | €4,010 | €9,447 | +€5,438 | +136% |
| Recurring financial income | 75 | €4,010 | €9,447 | +€5,438 | +136% |
| Financial charges | 65/66B | €417 | €241 | -€176 | -42.1% |
| Recurring financial charges | 65 | €417 | €241 | -€176 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €38,820 | €47,186 | +€8,366 | +21.5% |
| Income taxes | 67/77 | €12,800 | €15,291 | +€2,491 | +19.5% |
| Profit (loss) for the period | 9904 | €26,020 | €31,895 | +€5,875 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,020 | €31,895 | +€5,875 | +22.6% |
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 16 October 2026 via checked.be.