Steve Dierckxsens: 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.
Steve Dierckxsens
Largest movements
- Receivables within one year +€3,393
up €3,393 (+25.6%), from €13,270 to €16,663
of which Trade receivables: +€2,044
- Cash +€2,452
up €2,452 (+38.4%), from €6,383 to €8,834
mainly Net result for the year (+€7,227) and Depreciation (+€748)
- Deferred charges and accrued income +€952
new in 2025: €952
- Tangible fixed assets +€745
up €745 (+67.7%), from €1,100 to €1,846
- Reserves +€7,227
up €7,227 (+51.1%), from €14,131 to €21,358
- Gross operating margin -€8,311
down €8,311 (-43.6%), from €19,071 to €10,761
- Taxes -€1,543
down €1,543 (-37.3%), from €4,131 to €2,588
- Depreciation +€480
up €480 (+179%), from €268 to €748
- Financial income +€224
up €224 (+86.8%), from €258 to €481
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 | €20,752 | €28,295 | +€7,542 | +36.3% |
| Fixed assets | 21/28 | €1,100 | €1,846 | +€745 | +67.7% |
| Tangible fixed assets | 22/27 | €1,100 | €1,846 | +€745 | +67.7% |
| Furniture and vehicles | 24 | €1,100 | €1,846 | +€745 | +67.7% |
| Current assets | 29/58 | €19,652 | €26,449 | +€6,797 | +34.6% |
| Amounts receivable within one year | 40/41 | €13,270 | €16,663 | +€3,393 | +25.6% |
| Trade receivables | 40 | €5,603 | €7,647 | +€2,044 | +36.5% |
| Other amounts receivable | 41 | €7,666 | €9,016 | +€1,350 | +17.6% |
| Cash at bank and in hand | 54/58 | €6,383 | €8,834 | +€2,452 | +38.4% |
| Deferred charges and accrued income | 490/1 | - | €952 | +€952 | |
| Total equity and liabilities | 10/49 | €20,752 | €28,295 | +€7,542 | +36.3% |
| Equity | 10/15 | €17,131 | €24,358 | +€7,227 | +42.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,131 | €21,358 | +€7,227 | +51.1% |
| Distributable reserves | 133 | €14,131 | €21,358 | +€7,227 | +51.1% |
| Amounts payable | 17/49 | €3,621 | €3,937 | +€315 | +8.7% |
| Amounts payable within one year | 42/48 | €3,621 | €3,871 | +€250 | +6.9% |
| Trade debts | 44 | €942 | €963 | +€21 | +2.2% |
| Suppliers | 440/4 | €942 | €963 | +€21 | +2.2% |
| Taxes, remuneration and social security | 45 | €2,679 | €2,908 | +€229 | +8.5% |
| Taxes | 450/3 | €2,679 | €2,908 | +€229 | +8.5% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268 | €748 | +€480 | +179% |
| Other operating charges | 640/8 | €705 | €519 | -€187 | -26.5% |
| Gross operating margin | 9900 | €19,071 | €10,761 | -€8,311 | -43.6% |
| Operating profit (loss) | 9901 | €18,098 | €9,494 | -€8,604 | -47.5% |
| Financial income | 75/76B | €258 | €481 | +€224 | +86.8% |
| Recurring financial income | 75 | €258 | €481 | +€224 | +86.8% |
| Financial charges | 65/66B | €94 | €160 | +€66 | +70.6% |
| Recurring financial charges | 65 | €94 | €160 | +€66 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | €18,262 | €9,815 | -€8,447 | -46.3% |
| Income taxes | 67/77 | €4,131 | €2,588 | -€1,543 | -37.3% |
| Profit (loss) for the period | 9904 | €14,131 | €7,227 | -€6,904 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,131 | €7,227 | -€6,904 | -48.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.