Thomas Dirven: 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.
Thomas Dirven
Largest movements
- Current investments +€70,000
new in 2025: €70,000
- Cash -€26,117
down €26,117 (-40.5%), from €64,474 to €38,357
mainly Current investments (-€70,000) and Investment in fixed assets (net) (-€3,517)
- Tangible fixed assets +€2,892
new in 2025: €2,892
- Reserves +€42,287
up €42,287 (+83.2%), from €50,813 to €93,100
- Tax, wage and social debts +€4,429
up €4,429 (+42.4%), from €10,444 to €14,874
- Gross operating margin +€5,641
up €5,641 (+11.7%), from €48,179 to €53,819
- Taxes +€1,065
up €1,065 (+10.9%), from €9,810 to €10,876
- Depreciation +€625
new in 2025: €625
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 | €65,374 | €112,149 | +€46,775 | +71.6% |
| Fixed assets | 21/28 | - | €2,892 | +€2,892 | |
| Tangible fixed assets | 22/27 | - | €2,892 | +€2,892 | |
| Furniture and vehicles | 24 | - | €2,892 | +€2,892 | |
| Current assets | 29/58 | €65,374 | €109,257 | +€43,883 | +67.1% |
| Amounts receivable within one year | 40/41 | €900 | €900 | = | 0.0% |
| Trade receivables | 40 | €900 | €900 | = | 0.0% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €64,474 | €38,357 | -€26,117 | -40.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €65,374 | €112,149 | +€46,775 | +71.6% |
| Equity | 10/15 | €54,813 | €97,100 | +€42,287 | +77.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €50,813 | €93,100 | +€42,287 | +83.2% |
| Distributable reserves | 133 | €50,813 | €93,100 | +€42,287 | +83.2% |
| Amounts payable | 17/49 | €10,561 | €15,049 | +€4,488 | +42.5% |
| Amounts payable within one year | 42/48 | €10,561 | €15,049 | +€4,488 | +42.5% |
| Taxes, remuneration and social security | 45 | €10,444 | €14,874 | +€4,429 | +42.4% |
| Taxes | 450/3 | €10,444 | €14,874 | +€4,429 | +42.4% |
| Other amounts payable | 47/48 | €117 | €175 | +€59 | +50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €625 | +€625 | |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €48,179 | €53,819 | +€5,641 | +11.7% |
| Operating profit (loss) | 9901 | €48,115 | €53,129 | +€5,014 | +10.4% |
| Financial income | 75/76B | €259 | €74 | -€185 | -71.4% |
| Recurring financial income | 75 | €259 | €74 | -€185 | -71.4% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.2% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €48,331 | €53,162 | +€4,832 | +10.0% |
| Income taxes | 67/77 | €9,810 | €10,876 | +€1,065 | +10.9% |
| Profit (loss) for the period | 9904 | €38,520 | €42,287 | +€3,766 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,520 | €42,287 | +€3,766 | +9.8% |
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 7 October 2026 via checked.be.