THIENPONT DIRK: 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.
THIENPONT DIRK
Largest movements
- Cash +€54,463
up €54,463 (+11.2%), from €484,870 to €539,333
mainly Net result for the year (+€112,509) and Depreciation (+€64,685)
- Receivables within one year +€32,117
up €32,117 (+21.5%), from €149,296 to €181,413
of which Other amounts receivable: +€19,027
- Tangible fixed assets -€18,904
down €18,904 (-3.7%), from €517,300 to €498,395
of which Furniture and vehicles: -€22,108
- Stocks and contracts -€17,447
down €17,447 (-4.6%), from €377,034 to €359,587
- Reserves +€112,509
up €112,509 (+10.6%), from €1.1m to €1.2m
of which Distributable reserves: +€112,509
- Debts after one year -€36,277
down €36,277 (-36.3%), from €99,967 to €63,690
- Current portion of long-term debt -€30,150
down €30,150 (-45.4%), from €66,427 to €36,277
- Trade debts +€16,528
up €16,528 (+7.9%), from €210,373 to €226,901
- Gross operating margin -€53,700
down €53,700 (-14.4%), from €373,238 to €319,538
- Taxes -€23,149
down €23,149 (-32.8%), from €70,613 to €47,465
- Staff costs +€9,603
up €9,603 (+12.8%), from €75,092 to €84,695
- Financial income +€5,143
up €5,143 (+22389.9%), from €23 to €5,166
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 | €1,528,500 | €1,578,729 | +€50,229 | +3.3% |
| Fixed assets | 21/28 | €517,300 | €498,395 | -€18,904 | -3.7% |
| Tangible fixed assets | 22/27 | €517,300 | €498,395 | -€18,904 | -3.7% |
| Land and buildings | 22 | €406,457 | €411,546 | +€5,089 | +1.3% |
| Plant, machinery and equipment | 23 | €20,447 | €18,562 | -€1,886 | -9.2% |
| Furniture and vehicles | 24 | €90,396 | €68,288 | -€22,108 | -24.5% |
| Current assets | 29/58 | €1,011,200 | €1,080,333 | +€69,133 | +6.8% |
| Stocks and contracts in progress | 3 | €377,034 | €359,587 | -€17,447 | -4.6% |
| Stocks | 30/36 | €377,034 | €359,587 | -€17,447 | -4.6% |
| Amounts receivable within one year | 40/41 | €149,296 | €181,413 | +€32,117 | +21.5% |
| Trade receivables | 40 | €147,539 | €160,629 | +€13,090 | +8.9% |
| Other amounts receivable | 41 | €1,757 | €20,784 | +€19,027 | +1082.9% |
| Cash at bank and in hand | 54/58 | €484,870 | €539,333 | +€54,463 | +11.2% |
| Total equity and liabilities | 10/49 | €1,528,500 | €1,578,729 | +€50,229 | +3.3% |
| Equity | 10/15 | €1,097,032 | €1,209,541 | +€112,509 | +10.3% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €1,059,532 | €1,172,041 | +€112,509 | +10.6% |
| Tax-exempt reserves | 132 | €10,243 | €10,243 | = | 0.0% |
| Distributable reserves | 133 | €1,049,288 | €1,161,798 | +€112,509 | +10.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €431,468 | €369,188 | -€62,281 | -14.4% |
| Amounts payable after more than one year | 17 | €99,967 | €63,690 | -€36,277 | -36.3% |
| Financial debts | 170/4 | €99,967 | €63,690 | -€36,277 | -36.3% |
| Amounts payable within one year | 42/48 | €328,002 | €301,998 | -€26,004 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €66,427 | €36,277 | -€30,150 | -45.4% |
| Trade debts | 44 | €210,373 | €226,901 | +€16,528 | +7.9% |
| Suppliers | 440/4 | €210,373 | €226,901 | +€16,528 | +7.9% |
| Taxes, remuneration and social security | 45 | €19,201 | €20,232 | +€1,030 | +5.4% |
| Taxes | 450/3 | €7,204 | €4,140 | -€3,064 | -42.5% |
| Remuneration and social security | 454/9 | €11,998 | €16,091 | +€4,094 | +34.1% |
| Other amounts payable | 47/48 | €32,000 | €18,588 | -€13,412 | -41.9% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €75,092 | €84,695 | +€9,603 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,226 | €64,685 | -€541 | -0.8% |
| Other operating charges | 640/8 | €9,448 | €8,233 | -€1,215 | -12.9% |
| Gross operating margin | 9900 | €373,238 | €319,538 | -€53,700 | -14.4% |
| Operating profit (loss) | 9901 | €223,472 | €161,925 | -€61,547 | -27.5% |
| Financial income | 75/76B | €23 | €5,166 | +€5,143 | +22389.9% |
| Recurring financial income | 75 | €23 | €5,166 | +€5,143 | +22389.9% |
| Financial charges | 65/66B | €8,616 | €7,117 | -€1,499 | -17.4% |
| Recurring financial charges | 65 | €8,616 | €7,117 | -€1,499 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €214,879 | €159,974 | -€54,905 | -25.6% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €70,613 | €47,465 | -€23,149 | -32.8% |
| Profit (loss) for the period | 9904 | €144,265 | €112,509 | -€31,756 | -22.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €144,265 | €112,509 | -€31,756 | -22.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.