Steven Dirix: 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.
Steven Dirix
Largest movements
- Cash -€43,945
down €43,945 (-57.3%), from €76,678 to €32,732
mainly Contributions, distributions and other (-€33,162) and Other debts (-€27,959)
- Tangible fixed assets +€12,012
up €12,012 (+1625.7%), from €739 to €12,751
of which Furniture and vehicles: +€11,753
- Deferred charges and accrued income +€2,718
up €2,718 (+594.8%), from €457 to €3,175
- Other debts -€27,959
down €27,959 (-45.1%), from €62,053 to €34,093
- Trade debts -€1,345
down €1,345 (-93.1%), from €1,444 to €100
- Tax, wage and social debts -€1,083
down €1,083 (-8.1%), from €13,409 to €12,326
of which Taxes: -€1,495
- Gross operating margin -€32,179
down €32,179 (-40.4%), from €79,739 to €47,561
- Taxes -€6,910
down €6,910 (-41.7%), from €16,577 to €9,667
- Depreciation +€2,450
up €2,450 (+236.2%), from €1,037 to €3,488
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 | €95,456 | €65,675 | -€29,781 | -31.2% |
| Fixed assets | 21/28 | €739 | €12,751 | +€12,012 | +1625.7% |
| Tangible fixed assets | 22/27 | €739 | €12,751 | +€12,012 | +1625.7% |
| Plant, machinery and equipment | 23 | €739 | €998 | +€259 | +35.0% |
| Furniture and vehicles | 24 | - | €11,753 | +€11,753 | |
| Current assets | 29/58 | €94,717 | €52,924 | -€41,793 | -44.1% |
| Amounts receivable within one year | 40/41 | €17,583 | €17,017 | -€566 | -3.2% |
| Trade receivables | 40 | €17,583 | €16,684 | -€899 | -5.1% |
| Other amounts receivable | 41 | - | €333 | +€333 | |
| Cash at bank and in hand | 54/58 | €76,678 | €32,732 | -€43,945 | -57.3% |
| Deferred charges and accrued income | 490/1 | €457 | €3,175 | +€2,718 | +594.8% |
| Total equity and liabilities | 10/49 | €95,456 | €65,675 | -€29,781 | -31.2% |
| Equity | 10/15 | €18,550 | €18,550 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Amounts payable | 17/49 | €76,906 | €47,125 | -€29,781 | -38.7% |
| Amounts payable within one year | 42/48 | €76,906 | €46,520 | -€30,387 | -39.5% |
| Trade debts | 44 | €1,444 | €100 | -€1,345 | -93.1% |
| Suppliers | 440/4 | €1,444 | €100 | -€1,345 | -93.1% |
| Taxes, remuneration and social security | 45 | €13,409 | €12,326 | -€1,083 | -8.1% |
| Taxes | 450/3 | €13,409 | €11,914 | -€1,495 | -11.1% |
| Remuneration and social security | 454/9 | - | €412 | +€412 | |
| Other amounts payable | 47/48 | €62,053 | €34,093 | -€27,959 | -45.1% |
| Accrued charges and deferred income | 492/3 | - | €605 | +€605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,037 | €3,488 | +€2,450 | +236.2% |
| Other operating charges | 640/8 | €505 | €1,158 | +€653 | +129.2% |
| Gross operating margin | 9900 | €79,739 | €47,561 | -€32,179 | -40.4% |
| Operating profit (loss) | 9901 | €78,197 | €42,915 | -€35,282 | -45.1% |
| Financial charges | 65/66B | €84 | €85 | +€2 | +2.2% |
| Recurring financial charges | 65 | €84 | €85 | +€2 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €78,113 | €42,829 | -€35,284 | -45.2% |
| Income taxes | 67/77 | €16,577 | €9,667 | -€6,910 | -41.7% |
| Profit (loss) for the period | 9904 | €61,537 | €33,162 | -€28,374 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,537 | €33,162 | -€28,374 | -46.1% |
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 6 October 2026 via checked.be.