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
- Tangible fixed assets +€7,569
up €7,569 (+97.3%), from €7,776 to €15,346
- Reserves +€10,828
up €10,828 (+81.8%), from €13,231 to €24,059
- Tax, wage and social debts -€3,176
down €3,176 (-33.3%), from €9,533 to €6,357
of which Taxes: -€2,526
- Accrued charges and deferred income -€1,546
no longer reported in 2025 (was €1,546)
- Trade debts +€1,135
up €1,135 (+26.2%), from €4,329 to €5,464
- Gross operating margin -€12,228
down €12,228 (-35.5%), from €34,456 to €22,229
- Staff costs -€8,815
down €8,815 (-75.6%), from €11,653 to €2,838
- Depreciation +€1,323
up €1,323 (+69.5%), from €1,905 to €3,228
- Taxes -€1,106
down €1,106 (-19.9%), from €5,567 to €4,461
- Other operating charges -€971
down €971 (-49.5%), from €1,961 to €991
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 | €41,251 | €48,792 | +€7,541 | +18.3% |
| Fixed assets | 21/28 | €11,076 | €18,646 | +€7,569 | +68.3% |
| Tangible fixed assets | 22/27 | €7,776 | €15,346 | +€7,569 | +97.3% |
| Land and buildings | 22 | - | €2,736 | +€2,736 | |
| Plant, machinery and equipment | 23 | €7,776 | €10,499 | +€2,722 | +35.0% |
| Furniture and vehicles | 24 | - | €2,111 | +€2,111 | |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €30,174 | €30,146 | -€28 | -0.1% |
| Stocks and contracts in progress | 3 | €1,446 | €1,282 | -€164 | -11.3% |
| Stocks | 30/36 | €1,446 | €1,282 | -€164 | -11.3% |
| Cash at bank and in hand | 54/58 | €28,394 | €28,524 | +€130 | +0.5% |
| Deferred charges and accrued income | 490/1 | €334 | €341 | +€6 | +1.8% |
| Total equity and liabilities | 10/49 | €41,251 | €48,792 | +€7,541 | +18.3% |
| Equity | 10/15 | €16,231 | €27,059 | +€10,828 | +66.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,231 | €24,059 | +€10,828 | +81.8% |
| Distributable reserves | 133 | €13,231 | €24,059 | +€10,828 | +81.8% |
| Amounts payable | 17/49 | €25,020 | €21,733 | -€3,287 | -13.1% |
| Amounts payable within one year | 42/48 | €23,475 | €21,733 | -€1,741 | -7.4% |
| Trade debts | 44 | €4,329 | €5,464 | +€1,135 | +26.2% |
| Suppliers | 440/4 | €4,329 | €5,464 | +€1,135 | +26.2% |
| Taxes, remuneration and social security | 45 | €9,533 | €6,357 | -€3,176 | -33.3% |
| Taxes | 450/3 | €8,883 | €6,357 | -€2,526 | -28.4% |
| Remuneration and social security | 454/9 | €650 | - | -€650 | |
| Other amounts payable | 47/48 | €9,613 | €9,913 | +€300 | +3.1% |
| Accrued charges and deferred income | 492/3 | €1,546 | - | -€1,546 | |
| Remuneration, social security and pensions | 62 | €11,653 | €2,838 | -€8,815 | -75.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,905 | €3,228 | +€1,323 | +69.5% |
| Other operating charges | 640/8 | €1,961 | €991 | -€971 | -49.5% |
| Gross operating margin | 9900 | €34,456 | €22,229 | -€12,228 | -35.5% |
| Operating profit (loss) | 9901 | €18,937 | €15,172 | -€3,765 | -19.9% |
| Financial income | 75/76B | - | €217 | +€217 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Non-recurring financial income | 76B | - | €206 | +€206 | |
| Financial charges | 65/66B | €139 | €99 | -€40 | -28.6% |
| Recurring financial charges | 65 | €139 | €99 | -€40 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €18,798 | €15,290 | -€3,509 | -18.7% |
| Income taxes | 67/77 | €5,567 | €4,461 | -€1,106 | -19.9% |
| Profit (loss) for the period | 9904 | €13,231 | €10,828 | -€2,402 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,231 | €10,828 | -€2,402 | -18.2% |
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 30 September 2026 via checked.be.