MATHIEU DIRKX: 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.
MATHIEU DIRKX
Largest movements
- Cash -€6,824
down €6,824 (-11.8%), from €58,039 to €51,215
mainly Net result for the year (-€4,621) and Trade debts (-€2,681)
- Reserves -€4,621
down €4,621 (-2.2%), from €212,811 to €208,190
of which Distributable reserves: -€4,621
- Gross operating margin +€2,761
up €2,761 (+61.6%), from -€4,483 to -€1,721
- Other operating charges +€638
up €638 (+36.7%), from €1,738 to €2,376
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 | €457,762 | €450,461 | -€7,302 | -1.6% |
| Fixed assets | 21/28 | €23,367 | €22,889 | -€478 | -2.0% |
| Tangible fixed assets | 22/27 | €23,367 | €22,889 | -€478 | -2.0% |
| Land and buildings | 22 | €22,799 | €22,799 | = | 0.0% |
| Furniture and vehicles | 24 | €568 | €90 | -€478 | -84.1% |
| Current assets | 29/58 | €434,395 | €427,571 | -€6,824 | -1.6% |
| Amounts receivable after more than one year | 29 | €309,930 | €309,930 | = | 0.0% |
| Other amounts receivable | 291 | €309,930 | €309,930 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,426 | €66,426 | = | 0.0% |
| Other amounts receivable | 41 | €66,426 | €66,426 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €58,039 | €51,215 | -€6,824 | -11.8% |
| Total equity and liabilities | 10/49 | €457,762 | €450,461 | -€7,302 | -1.6% |
| Equity | 10/15 | €337,812 | €333,191 | -€4,621 | -1.4% |
| Contributions | 10/11 | €125,001 | €125,001 | = | 0.0% |
| Reserves | 13 | €212,811 | €208,190 | -€4,621 | -2.2% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €131,571 | €131,571 | = | 0.0% |
| Distributable reserves | 133 | €68,740 | €64,120 | -€4,621 | -6.7% |
| Provisions and deferred taxes | 16 | €55,266 | €55,266 | = | 0.0% |
| Deferred taxes | 168 | €55,266 | €55,266 | = | 0.0% |
| Amounts payable | 17/49 | €64,684 | €62,003 | -€2,681 | -4.1% |
| Amounts payable within one year | 42/48 | €64,684 | €62,003 | -€2,681 | -4.1% |
| Trade debts | 44 | €20,311 | €17,630 | -€2,681 | -13.2% |
| Suppliers | 440/4 | €20,311 | €17,630 | -€2,681 | -13.2% |
| Other amounts payable | 47/48 | €44,373 | €44,373 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €478 | €478 | = | 0.0% |
| Other operating charges | 640/8 | €1,738 | €2,376 | +€638 | +36.7% |
| Gross operating margin | 9900 | -€4,483 | -€1,721 | +€2,761 | +61.6% |
| Operating profit (loss) | 9901 | -€6,698 | -€4,576 | +€2,123 | +31.7% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,743 | -€4,621 | +€2,123 | +31.5% |
| Profit (loss) for the period | 9904 | -€6,743 | -€4,621 | +€2,123 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,743 | -€4,621 | +€2,123 | +31.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.