Bart Drieskens: 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.
Bart Drieskens
Largest movements
- Current investments +€1.2m
up €1.2m (+77.9%), from €1.5m to €2.7m
- Cash -€824,366
down €824,366 (-95.6%), from €862,215 to €37,849
mainly Current investments (-€1.2m) and Tax, wage and social debts (-€148,202)
- Reserves +€568,347
up €568,347 (+17.7%), from €3.2m to €3.8m
- Tax, wage and social debts -€148,202
down €148,202 (-73.4%), from €201,859 to €53,656
- Other debts -€84,568
down €84,568 (-25.8%), from €328,175 to €243,607
- Financial income -€411,375
down €411,375 (-40.5%), from €1.0m to €605,348
- Taxes -€40,476
down €40,476 (-37.9%), from €106,753 to €66,277
- Other operating charges +€1,989
up €1,989 (+176%), from €1,130 to €3,119
- Financial charges -€1,698
down €1,698 (-32.9%), from €5,170 to €3,471
- Gross operating margin -€720
down €720 (-2.0%), from €36,586 to €35,866
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 | €3,761,564 | €4,096,189 | +€334,625 | +8.9% |
| Fixed assets | 21/28 | €1,401,600 | €1,401,600 | = | 0.0% |
| Financial fixed assets | 28 | €1,401,600 | €1,401,600 | = | 0.0% |
| Current assets | 29/58 | €2,359,964 | €2,694,589 | +€334,625 | +14.2% |
| Amounts receivable within one year | 40/41 | €325 | - | -€325 | |
| Trade receivables | 40 | €325 | - | -€325 | |
| Current investments | 50/53 | €1,492,426 | €2,655,454 | +€1.2m | +77.9% |
| Cash at bank and in hand | 54/58 | €862,215 | €37,849 | -€824,366 | -95.6% |
| Deferred charges and accrued income | 490/1 | €4,998 | €1,286 | -€3,712 | -74.3% |
| Total equity and liabilities | 10/49 | €3,761,564 | €4,096,189 | +€334,625 | +8.9% |
| Equity | 10/15 | €3,229,931 | €3,798,278 | +€568,347 | +17.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,217,531 | €3,785,878 | +€568,347 | +17.7% |
| Distributable reserves | 133 | €3,217,531 | €3,785,878 | +€568,347 | +17.7% |
| Amounts payable | 17/49 | €531,633 | €297,911 | -€233,722 | -44.0% |
| Amounts payable within one year | 42/48 | €530,134 | €297,710 | -€232,424 | -43.8% |
| Trade debts | 44 | €100 | €446 | +€346 | +346% |
| Suppliers | 440/4 | €100 | €446 | +€346 | +346% |
| Taxes, remuneration and social security | 45 | €201,859 | €53,656 | -€148,202 | -73.4% |
| Taxes | 450/3 | €201,859 | €53,656 | -€148,202 | -73.4% |
| Other amounts payable | 47/48 | €328,175 | €243,607 | -€84,568 | -25.8% |
| Accrued charges and deferred income | 492/3 | €1,499 | €201 | -€1,298 | -86.6% |
| Other operating charges | 640/8 | €1,130 | €3,119 | +€1,989 | +176% |
| Gross operating margin | 9900 | €36,586 | €35,866 | -€720 | -2.0% |
| Operating profit (loss) | 9901 | €35,457 | €32,748 | -€2,709 | -7.6% |
| Financial income | 75/76B | €1,016,723 | €605,348 | -€411,375 | -40.5% |
| Recurring financial income | 75 | €1,016,723 | €605,348 | -€411,375 | -40.5% |
| Financial charges | 65/66B | €5,170 | €3,471 | -€1,698 | -32.9% |
| Recurring financial charges | 65 | €5,170 | €3,471 | -€1,698 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €1,047,010 | €634,624 | -€412,386 | -39.4% |
| Income taxes | 67/77 | €106,753 | €66,277 | -€40,476 | -37.9% |
| Profit (loss) for the period | 9904 | €940,257 | €568,347 | -€371,910 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €940,257 | €568,347 | -€371,910 | -39.6% |
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 24 October 2026 via checked.be.