De Dreve: 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.
De Dreve
Largest movements
- Cash +€138,096
up €138,096 (+571%), from €24,202 to €162,298
mainly Net result for the year (+€91,951) and Debts after one year (+€75,061)
- Tangible fixed assets +€125,800
up €125,800 (+102%), from €123,024 to €248,823
of which Furniture and vehicles: +€125,056
- Receivables within one year +€24,294
up €24,294 (+20.3%), from €119,424 to €143,719
of which Trade receivables: +€21,044
- Reserves +€91,951
up €91,951 (+252%), from €36,527 to €128,479
- Debts after one year +€75,061
new in 2025: €75,061
- Trade debts +€63,089
up €63,089 (+263%), from €24,011 to €87,100
- Tax, wage and social debts +€39,858
up €39,858 (+172%), from €23,201 to €63,059
- Current portion of long-term debt +€18,816
new in 2025: €18,816
- Gross operating margin +€111,122
up €111,122 (+130%), from €85,645 to €196,766
- Depreciation +€24,882
up €24,882 (+124%), from €20,146 to €45,028
- Taxes +€20,207
up €20,207 (+119%), from €17,046 to €37,253
- Financial charges +€10,376
up €10,376 (+90.9%), from €11,420 to €21,796
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 | €376,986 | €670,679 | +€293,693 | +77.9% |
| Fixed assets | 21/28 | €123,024 | €248,823 | +€125,800 | +102% |
| Tangible fixed assets | 22/27 | €123,024 | €248,823 | +€125,800 | +102% |
| Plant, machinery and equipment | 23 | €32,841 | €33,585 | +€744 | +2.3% |
| Furniture and vehicles | 24 | €90,182 | €215,238 | +€125,056 | +139% |
| Current assets | 29/58 | €253,962 | €421,856 | +€167,894 | +66.1% |
| Stocks and contracts in progress | 3 | €109,049 | €111,356 | +€2,307 | +2.1% |
| Stocks | 30/36 | €109,049 | €111,356 | +€2,307 | +2.1% |
| Amounts receivable within one year | 40/41 | €119,424 | €143,719 | +€24,294 | +20.3% |
| Trade receivables | 40 | €119,424 | €140,468 | +€21,044 | +17.6% |
| Other amounts receivable | 41 | - | €3,250 | +€3,250 | |
| Cash at bank and in hand | 54/58 | €24,202 | €162,298 | +€138,096 | +571% |
| Deferred charges and accrued income | 490/1 | €1,287 | €4,483 | +€3,197 | +248% |
| Total equity and liabilities | 10/49 | €376,986 | €670,679 | +€293,693 | +77.9% |
| Equity | 10/15 | €86,527 | €178,479 | +€91,951 | +106% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €36,527 | €128,479 | +€91,951 | +252% |
| Distributable reserves | 133 | €36,527 | €128,479 | +€91,951 | +252% |
| Amounts payable | 17/49 | €290,458 | €492,201 | +€201,742 | +69.5% |
| Amounts payable after more than one year | 17 | - | €75,061 | +€75,061 | |
| Financial debts | 170/4 | - | €75,061 | +€75,061 | |
| Amounts payable within one year | 42/48 | €290,458 | €417,140 | +€126,681 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | - | €18,816 | +€18,816 | |
| Trade debts | 44 | €24,011 | €87,100 | +€63,089 | +263% |
| Suppliers | 440/4 | €24,011 | €87,100 | +€63,089 | +263% |
| Taxes, remuneration and social security | 45 | €23,201 | €63,059 | +€39,858 | +172% |
| Taxes | 450/3 | €23,201 | €63,059 | +€39,858 | +172% |
| Other amounts payable | 47/48 | €243,247 | €248,166 | +€4,919 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,146 | €45,028 | +€24,882 | +124% |
| Other operating charges | 640/8 | €505 | €738 | +€232 | +46.0% |
| Gross operating margin | 9900 | €85,645 | €196,766 | +€111,122 | +130% |
| Operating profit (loss) | 9901 | €64,993 | €151,001 | +€86,007 | +132% |
| Financial charges | 65/66B | €11,420 | €21,796 | +€10,376 | +90.9% |
| Recurring financial charges | 65 | €11,420 | €21,796 | +€10,376 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | €53,573 | €129,204 | +€75,631 | +141% |
| Income taxes | 67/77 | €17,046 | €37,253 | +€20,207 | +119% |
| Profit (loss) for the period | 9904 | €36,527 | €91,951 | +€55,424 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €36,527 | €91,951 | +€55,424 | +152% |
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 13 October 2026 via checked.be.