DE DRIE FONTEINEN: 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 FONTEINEN
Largest movements
- Tangible fixed assets -€69,793
down €69,793 (-36.0%), from €193,606 to €123,812
of which Other tangible fixed assets: -€37,641
- Financial fixed assets -€60,000
down €60,000 (-16.6%), from €361,500 to €301,500
- Cash +€31,099
up €31,099 (+304%), from €10,223 to €41,322
mainly Depreciation (+€78,740) and Investment in fixed assets (net) (+€51,053)
- Other debts -€103,588
down €103,588 (-99.0%), from €104,675 to €1,087
- Trade debts -€18,203
down €18,203 (-19.3%), from €94,439 to €76,236
- Tax, wage and social debts +€12,836
up €12,836 (+27.0%), from €47,604 to €60,440
of which Remuneration and social security: +€9,599
- Gross operating margin +€99,045
up €99,045 (+11.5%), from €859,838 to €958,883
- Financial charges +€59,607
up €59,607 (+2,780%), from €2,144 to €61,752
of which Non-recurring financial charges: +€60,000
- Staff costs +€17,177
up €17,177 (+2.2%), from €790,001 to €807,178
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 | €630,648 | €527,750 | -€102,898 | -16.3% |
| Fixed assets | 21/28 | €555,106 | €425,312 | -€129,793 | -23.4% |
| Tangible fixed assets | 22/27 | €193,606 | €123,812 | -€69,793 | -36.0% |
| Land and buildings | 22 | €59,009 | €41,441 | -€17,568 | -29.8% |
| Plant, machinery and equipment | 23 | €42,133 | €29,441 | -€12,691 | -30.1% |
| Furniture and vehicles | 24 | €27,169 | €25,276 | -€1,893 | -7.0% |
| Other tangible fixed assets | 26 | €65,295 | €27,654 | -€37,641 | -57.6% |
| Financial fixed assets | 28 | €361,500 | €301,500 | -€60,000 | -16.6% |
| Current assets | 29/58 | €75,543 | €102,437 | +€26,895 | +35.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €34,718 | €32,507 | -€2,211 | -6.4% |
| Stocks | 30/36 | €34,718 | €32,507 | -€2,211 | -6.4% |
| Amounts receivable within one year | 40/41 | €30,449 | €26,398 | -€4,051 | -13.3% |
| Trade receivables | 40 | €2,679 | €2,388 | -€291 | -10.9% |
| Other amounts receivable | 41 | €27,769 | €24,009 | -€3,760 | -13.5% |
| Cash at bank and in hand | 54/58 | €10,223 | €41,322 | +€31,099 | +304% |
| Deferred charges and accrued income | 490/1 | €153 | €2,211 | +€2,058 | +1,346% |
| Total equity and liabilities | 10/49 | €630,648 | €527,750 | -€102,898 | -16.3% |
| Equity | 10/15 | €369,952 | €375,349 | +€5,397 | +1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €307,952 | €313,349 | +€5,397 | +1.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €301,752 | €307,149 | +€5,397 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €260,697 | €152,401 | -€108,296 | -41.5% |
| Amounts payable within one year | 42/48 | €260,697 | €152,401 | -€108,296 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €13,409 | €13,470 | +€61 | +0.5% |
| Financial debts | 43 | €569 | €1,167 | +€598 | +105% |
| Credit institutions | 430/8 | €569 | €1,167 | +€598 | +105% |
| Trade debts | 44 | €94,439 | €76,236 | -€18,203 | -19.3% |
| Suppliers | 440/4 | €94,439 | €76,236 | -€18,203 | -19.3% |
| Taxes, remuneration and social security | 45 | €47,604 | €60,440 | +€12,836 | +27.0% |
| Taxes | 450/3 | €1,992 | €5,228 | +€3,237 | +162% |
| Remuneration and social security | 454/9 | €45,613 | €55,212 | +€9,599 | +21.0% |
| Other amounts payable | 47/48 | €104,675 | €1,087 | -€103,588 | -99.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €790,001 | €807,178 | +€17,177 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,744 | €78,740 | +€996 | +1.3% |
| Other operating charges | 640/8 | €5,712 | €5,691 | -€21 | -0.4% |
| Gross operating margin | 9900 | €859,838 | €958,883 | +€99,045 | +11.5% |
| Operating profit (loss) | 9901 | -€13,620 | €67,273 | +€80,893 | |
| Financial income | 75/76B | €159 | €74 | -€84 | -53.0% |
| Recurring financial income | 75 | €159 | €74 | -€84 | -53.0% |
| Financial charges | 65/66B | €2,144 | €61,752 | +€59,607 | +2,780% |
| Recurring financial charges | 65 | €2,144 | €1,752 | -€393 | -18.3% |
| Non-recurring financial charges | 66B | - | €60,000 | +€60,000 | |
| Profit (loss) for the period before taxes | 9903 | -€15,606 | €5,596 | +€21,202 | |
| Income taxes | 67/77 | €161 | €198 | +€37 | +23.0% |
| Profit (loss) for the period | 9904 | -€15,767 | €5,397 | +€21,165 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,767 | €5,397 | +€21,165 |
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 23 October 2026 via checked.be.