DE DRIE BRONNEN: 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 DRIE BRONNEN
Largest movements
- Financial fixed assets +€37,000
up €37,000 (+113.8%), from €32,500 to €69,500
- Cash -€14,059
down €14,059 (-30.3%), from €46,369 to €32,311
mainly Investment in fixed assets (net) (-€39,122) and Trade debts (-€7,145)
- Tangible fixed assets -€11,634
down €11,634 (-25.6%), from €45,520 to €33,886
of which Furniture and vehicles: -€12,203
- Receivables within one year -€11,589
down €11,589 (-59.0%), from €19,644 to €8,055
of which Trade receivables: -€19,085
- Reserves +€14,489
up €14,489 (+21.3%), from €68,016 to €82,505
- Trade debts -€7,145
no longer reported in 2025 (was €7,145)
- Other debts -€7,132
no longer reported in 2025 (was €7,132)
- Gross operating margin -€16,609
down €16,609 (-30.5%), from €54,490 to €37,880
- Taxes -€10,091
down €10,091 (-52.8%), from €19,111 to €9,020
- Depreciation +€3,098
up €3,098 (+29.1%), from €10,658 to €13,756
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 | €144,034 | €143,752 | -€282 | -0.2% |
| Fixed assets | 21/28 | €78,020 | €103,386 | +€25,366 | +32.5% |
| Tangible fixed assets | 22/27 | €45,520 | €33,886 | -€11,634 | -25.6% |
| Plant, machinery and equipment | 23 | €2,582 | €3,151 | +€569 | +22.0% |
| Furniture and vehicles | 24 | €42,939 | €30,736 | -€12,203 | -28.4% |
| Financial fixed assets | 28 | €32,500 | €69,500 | +€37,000 | +113.8% |
| Current assets | 29/58 | €66,013 | €40,366 | -€25,648 | -38.9% |
| Amounts receivable within one year | 40/41 | €19,644 | €8,055 | -€11,589 | -59.0% |
| Trade receivables | 40 | €19,085 | - | -€19,085 | |
| Other amounts receivable | 41 | €559 | €8,055 | +€7,495 | +1339.7% |
| Cash at bank and in hand | 54/58 | €46,369 | €32,311 | -€14,059 | -30.3% |
| Total equity and liabilities | 10/49 | €144,034 | €143,752 | -€282 | -0.2% |
| Equity | 10/15 | €117,109 | €131,597 | +€14,489 | +12.4% |
| Reserves | 13 | €68,016 | €82,505 | +€14,489 | +21.3% |
| Distributable reserves | 133 | €68,016 | €82,505 | +€14,489 | +21.3% |
| Profit (loss) carried forward | 14 | €49,093 | €49,093 | = | 0.0% |
| Amounts payable | 17/49 | €26,925 | €12,154 | -€14,770 | -54.9% |
| Amounts payable within one year | 42/48 | €26,925 | €12,154 | -€14,770 | -54.9% |
| Trade debts | 44 | €7,145 | - | -€7,145 | |
| Suppliers | 440/4 | €7,145 | - | -€7,145 | |
| Taxes, remuneration and social security | 45 | €12,648 | €12,154 | -€493 | -3.9% |
| Taxes | 450/3 | €9,400 | €12,154 | +€2,754 | +29.3% |
| Remuneration and social security | 454/9 | €3,248 | - | -€3,248 | |
| Other amounts payable | 47/48 | €7,132 | - | -€7,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,658 | €13,756 | +€3,098 | +29.1% |
| Other operating charges | 640/8 | €118 | - | -€118 | |
| Gross operating margin | 9900 | €54,490 | €37,880 | -€16,609 | -30.5% |
| Operating profit (loss) | 9901 | €43,714 | €24,124 | -€19,589 | -44.8% |
| Financial income | 75/76B | €152 | - | -€152 | |
| Recurring financial income | 75 | €152 | - | -€152 | |
| Financial charges | 65/66B | €115 | €43 | -€73 | -63.0% |
| Recurring financial charges | 65 | €115 | €43 | -€73 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €43,750 | €24,082 | -€19,669 | -45.0% |
| Income taxes | 67/77 | €19,111 | €9,020 | -€10,091 | -52.8% |
| Profit (loss) for the period | 9904 | €24,639 | €15,062 | -€9,578 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,639 | €15,062 | -€9,578 | -38.9% |
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 11 October 2026 via checked.be.