MICHAEL DIERICKX: 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.
MICHAEL DIERICKX
Largest movements
- Cash +€10,159
up €10,159 (+40.2%), from €25,288 to €35,447
mainly Tax, wage and social debts (+€10,061) and Net result for the year (+€7,965)
- Receivables within one year +€3,228
up €3,228 (+36.1%), from €8,943 to €12,171
of which Trade receivables: +€3,228
- Tangible fixed assets +€1,264
up €1,264 (+27.1%), from €4,661 to €5,926
of which Furniture and vehicles: +€1,611
- Deferred charges and accrued income -€659
down €659 (-95.3%), from €692 to €33
- Tax, wage and social debts +€10,061
up €10,061 (+544%), from €1,851 to €11,912
- Profit (loss) carried forward +€6,715
up €6,715 (+36.3%), from €18,508 to €25,222
- Other debts -€6,603
down €6,603 (-97.2%), from €6,793 to €191
- Advances received +€5,136
new in 2025: €5,136
- Trade debts -€1,312
down €1,312 (-13.9%), from €9,428 to €8,116
- Gross operating margin +€15,388
up €15,388 (+337%), from €4,567 to €19,955
- Taxes +€5,657
up €5,657 (+2,247%), from €252 to €5,908
- Financial charges -€332
down €332 (-10.5%), from €3,150 to €2,818
- Depreciation +€259
up €259 (+18.2%), from €1,419 to €1,678
- Other operating charges -€228
down €228 (-12.5%), from €1,814 to €1,586
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 | €39,585 | €53,577 | +€13,992 | +35.3% |
| Fixed assets | 21/28 | €4,661 | €5,926 | +€1,264 | +27.1% |
| Tangible fixed assets | 22/27 | €4,661 | €5,926 | +€1,264 | +27.1% |
| Furniture and vehicles | 24 | €1,686 | €3,298 | +€1,611 | +95.6% |
| Other tangible fixed assets | 26 | €2,975 | €2,628 | -€347 | -11.7% |
| Current assets | 29/58 | €34,923 | €47,651 | +€12,728 | +36.4% |
| Amounts receivable within one year | 40/41 | €8,943 | €12,171 | +€3,228 | +36.1% |
| Trade receivables | 40 | €4,132 | €7,360 | +€3,228 | +78.1% |
| Other amounts receivable | 41 | €4,811 | €4,811 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,288 | €35,447 | +€10,159 | +40.2% |
| Deferred charges and accrued income | 490/1 | €692 | €33 | -€659 | -95.3% |
| Total equity and liabilities | 10/49 | €39,585 | €53,577 | +€13,992 | +35.3% |
| Equity | 10/15 | €21,508 | €28,222 | +€6,715 | +31.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,508 | €25,222 | +€6,715 | +36.3% |
| Amounts payable | 17/49 | €18,077 | €25,355 | +€7,277 | +40.3% |
| Amounts payable within one year | 42/48 | €18,072 | €25,355 | +€7,283 | +40.3% |
| Trade debts | 44 | €9,428 | €8,116 | -€1,312 | -13.9% |
| Suppliers | 440/4 | €9,428 | €8,116 | -€1,312 | -13.9% |
| Advances received on contracts in progress | 46 | - | €5,136 | +€5,136 | |
| Taxes, remuneration and social security | 45 | €1,851 | €11,912 | +€10,061 | +544% |
| Taxes | 450/3 | €1,851 | €11,912 | +€10,061 | +544% |
| Other amounts payable | 47/48 | €6,793 | €191 | -€6,603 | -97.2% |
| Accrued charges and deferred income | 492/3 | €5 | €0 | -€5 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,419 | €1,678 | +€259 | +18.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,814 | €1,586 | -€228 | -12.5% |
| Gross operating margin | 9900 | €4,567 | €19,955 | +€15,388 | +337% |
| Operating profit (loss) | 9901 | €1,334 | €16,690 | +€15,356 | +1,151% |
| Financial income | 75/76B | €1 | €0 | -€1 | -63.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -63.0% |
| Financial charges | 65/66B | €3,150 | €2,818 | -€332 | -10.5% |
| Recurring financial charges | 65 | €3,150 | €2,818 | -€332 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,815 | €13,873 | +€15,688 | |
| Income taxes | 67/77 | €252 | €5,908 | +€5,657 | +2,247% |
| Profit (loss) for the period | 9904 | -€2,067 | €7,965 | +€10,031 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,067 | €7,965 | +€10,031 |
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 13 October 2026 via checked.be.