De Dreef: 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.
De Dreef
Largest movements
- Cash -€77,067
down €77,067 (-96.3%), from €80,018 to €2,952
mainly Current investments (-€70,439) and Net result for the year (-€7,586)
- Current investments +€70,439
new in 2025: €70,439
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€3,529
down €3,529 (-236.0%), from -€1,495 to -€5,024
- Other operating charges -€967
down €967 (-47.7%), from €2,027 to €1,060
- Depreciation -€621
down €621 (-25.8%), from €2,413 to €1,791
- Financial income +€378
up €378 (+151.5%), from €250 to €628
- Taxes +€188
new in 2025: €188
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 | €2,173,852 | €2,166,437 | -€7,414 | -0.3% |
| Fixed assets | 21/28 | €1,962,600 | €1,960,809 | -€1,791 | -0.1% |
| Tangible fixed assets | 22/27 | €1,962,600 | €1,960,809 | -€1,791 | -0.1% |
| Land and buildings | 22 | €1,956,250 | €1,956,250 | = | 0.0% |
| Furniture and vehicles | 24 | €6,350 | €4,559 | -€1,791 | -28.2% |
| Current assets | 29/58 | €211,252 | €205,628 | -€5,623 | -2.7% |
| Stocks and contracts in progress | 3 | €128,273 | €128,273 | = | 0.0% |
| Contracts in progress | 37 | €128,273 | €128,273 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,961 | €3,965 | +€1,004 | +33.9% |
| Trade receivables | 40 | €2,961 | €3,965 | +€1,004 | +33.9% |
| Current investments | 50/53 | - | €70,439 | +€70,439 | |
| Cash at bank and in hand | 54/58 | €80,018 | €2,952 | -€77,067 | -96.3% |
| Total equity and liabilities | 10/49 | €2,173,852 | €2,166,437 | -€7,414 | -0.3% |
| Equity | 10/15 | €2,065,791 | €2,058,205 | -€7,586 | -0.4% |
| Contributions | 10/11 | €2,187,500 | €2,187,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,709 | -€129,295 | -€7,586 | -6.2% |
| Amounts payable | 17/49 | €108,061 | €108,233 | +€172 | +0.2% |
| Amounts payable within one year | 42/48 | €108,061 | €108,233 | +€172 | +0.2% |
| Financial debts | 43 | €850 | €850 | = | 0.0% |
| Credit institutions | 430/8 | €850 | €850 | = | 0.0% |
| Trade debts | 44 | €972 | €1,143 | +€172 | +17.7% |
| Suppliers | 440/4 | €972 | €1,143 | +€172 | +17.7% |
| Other amounts payable | 47/48 | €106,239 | €106,239 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,413 | €1,791 | -€621 | -25.8% |
| Other operating charges | 640/8 | €2,027 | €1,060 | -€967 | -47.7% |
| Gross operating margin | 9900 | -€1,495 | -€5,024 | -€3,529 | -236.0% |
| Operating profit (loss) | 9901 | -€5,935 | -€7,876 | -€1,941 | -32.7% |
| Financial income | 75/76B | €250 | €628 | +€378 | +151.5% |
| Recurring financial income | 75 | €250 | €628 | +€378 | +151.5% |
| Financial charges | 65/66B | €144 | €150 | +€6 | +4.2% |
| Recurring financial charges | 65 | €144 | €150 | +€6 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,829 | -€7,398 | -€1,569 | -26.9% |
| Income taxes | 67/77 | - | €188 | +€188 | |
| Profit (loss) for the period | 9904 | -€5,829 | -€7,586 | -€1,757 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,829 | -€7,586 | -€1,757 | -30.1% |
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 28 September 2026 via checked.be.