Vincent Dirckx: 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.
Vincent Dirckx
Largest movements
- Cash +€107,180
up €107,180 (+783%), from €13,696 to €120,876
mainly Net result for the year (+€87,996) and Receivables within one year (+€28,163)
- Receivables within one year -€28,163
down €28,163 (-56.9%), from €49,468 to €21,305
of which Other amounts receivable: -€27,427
- Deferred charges and accrued income +€15,911
up €15,911 (+46.9%), from €33,904 to €49,815
- Reserves +€87,996
up €87,996 (+10.6%), from €827,132 to €915,128
- Tax, wage and social debts +€24,242
up €24,242 (+121%), from €19,985 to €44,227
of which Taxes: +€37,647
- Debts after one year -€21,797
down €21,797 (-26.3%), from €82,935 to €61,138
- Gross operating margin +€126,364
up €126,364 (+28,681%), from €441 to €126,805
- Taxes +€38,851
up €38,851 (+2,015%), from €1,928 to €40,780
- Depreciation -€11,328
down €11,328 (-52.9%), from €21,427 to €10,099
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 | €1,353,329 | €1,442,130 | +€88,801 | +6.6% |
| Fixed assets | 21/28 | €448,589 | €442,463 | -€6,127 | -1.4% |
| Tangible fixed assets | 22/27 | €366,589 | €360,463 | -€6,127 | -1.7% |
| Land and buildings | 22 | €300,995 | €295,699 | -€5,296 | -1.8% |
| Plant, machinery and equipment | 23 | €5,590 | €8,678 | +€3,088 | +55.2% |
| Furniture and vehicles | 24 | €60,003 | €56,085 | -€3,918 | -6.5% |
| Financial fixed assets | 28 | €82,000 | €82,000 | = | 0.0% |
| Current assets | 29/58 | €904,740 | €999,668 | +€94,928 | +10.5% |
| Amounts receivable after more than one year | 29 | €807,672 | €807,672 | = | 0.0% |
| Other amounts receivable | 291 | €807,672 | €807,672 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,468 | €21,305 | -€28,163 | -56.9% |
| Trade receivables | 40 | €11,396 | €10,659 | -€737 | -6.5% |
| Other amounts receivable | 41 | €38,072 | €10,645 | -€27,427 | -72.0% |
| Cash at bank and in hand | 54/58 | €13,696 | €120,876 | +€107,180 | +783% |
| Deferred charges and accrued income | 490/1 | €33,904 | €49,815 | +€15,911 | +46.9% |
| Total equity and liabilities | 10/49 | €1,353,329 | €1,442,130 | +€88,801 | +6.6% |
| Equity | 10/15 | €1,206,512 | €1,294,508 | +€87,996 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €827,132 | €915,128 | +€87,996 | +10.6% |
| Distributable reserves | 133 | €827,132 | €915,128 | +€87,996 | +10.6% |
| Profit (loss) carried forward | 14 | €360,781 | €360,781 | = | 0.0% |
| Amounts payable | 17/49 | €146,817 | €147,622 | +€805 | +0.5% |
| Amounts payable after more than one year | 17 | €82,935 | €61,138 | -€21,797 | -26.3% |
| Financial debts | 170/4 | €82,935 | €61,138 | -€21,797 | -26.3% |
| Amounts payable within one year | 42/48 | €63,882 | €86,348 | +€22,466 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €21,206 | €21,797 | +€591 | +2.8% |
| Financial debts | 43 | €7,466 | - | -€7,466 | |
| Credit institutions | 430/8 | €7,466 | - | -€7,466 | |
| Trade debts | 44 | €15,225 | €20,325 | +€5,100 | +33.5% |
| Suppliers | 440/4 | €15,225 | €20,325 | +€5,100 | +33.5% |
| Taxes, remuneration and social security | 45 | €19,985 | €44,227 | +€24,242 | +121% |
| Taxes | 450/3 | €6,580 | €44,227 | +€37,647 | +572% |
| Remuneration and social security | 454/9 | €13,405 | - | -€13,405 | |
| Accrued charges and deferred income | 492/3 | - | €136 | +€136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,427 | €10,099 | -€11,328 | -52.9% |
| Other operating charges | 640/8 | €1,306 | €1,086 | -€220 | -16.8% |
| Gross operating margin | 9900 | €441 | €126,805 | +€126,364 | +28,681% |
| Operating profit (loss) | 9901 | -€22,293 | €115,619 | +€137,912 | |
| Financial income | 75/76B | €17,166 | €16,394 | -€772 | -4.5% |
| Recurring financial income | 75 | €17,166 | €16,394 | -€772 | -4.5% |
| Financial charges | 65/66B | €3,665 | €3,238 | -€427 | -11.7% |
| Recurring financial charges | 65 | €3,665 | €3,238 | -€427 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,792 | €128,775 | +€137,568 | |
| Income taxes | 67/77 | €1,928 | €40,780 | +€38,851 | +2,015% |
| Profit (loss) for the period | 9904 | -€10,720 | €87,996 | +€98,716 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,720 | €87,996 | +€98,716 |
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 19 October 2026 via checked.be.