DR. ARLETTE DRIES: 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.
DR. ARLETTE DRIES
Largest movements
- Cash -€116,208
down €116,208 (-27.5%), from €422,986 to €306,778
mainly Other debts (-€251,107) and Contributions, distributions and other (-€141,166)
- Receivables within one year +€42,571
new in 2025: €42,571
- Tangible fixed assets -€25,151
down €25,151 (-2.7%), from €914,919 to €889,768
of which Land and buildings: -€23,273
- Other debts -€251,107
down €251,107 (-62.1%), from €404,438 to €153,331
- Reserves +€131,646
up €131,646 (+15.3%), from €859,180 to €990,827
- Tax, wage and social debts +€20,420
up €20,420 (+33.7%), from €60,575 to €80,995
- Gross operating margin +€19,232
up €19,232 (+4.7%), from €408,683 to €427,914
- Taxes +€6,081
up €6,081 (+5.2%), from €116,574 to €122,655
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 | €1,337,905 | €1,239,117 | -€98,788 | -7.4% |
| Fixed assets | 21/28 | €914,919 | €889,768 | -€25,151 | -2.7% |
| Tangible fixed assets | 22/27 | €914,919 | €889,768 | -€25,151 | -2.7% |
| Land and buildings | 22 | €912,179 | €888,907 | -€23,273 | -2.6% |
| Plant, machinery and equipment | 23 | €101 | €0 | -€101 | -100% |
| Furniture and vehicles | 24 | €2,639 | €861 | -€1,777 | -67.4% |
| Current assets | 29/58 | €422,986 | €349,349 | -€73,637 | -17.4% |
| Amounts receivable within one year | 40/41 | - | €42,571 | +€42,571 | |
| Other amounts receivable | 41 | - | €42,571 | +€42,571 | |
| Cash at bank and in hand | 54/58 | €422,986 | €306,778 | -€116,208 | -27.5% |
| Total equity and liabilities | 10/49 | €1,337,905 | €1,239,117 | -€98,788 | -7.4% |
| Equity | 10/15 | €871,580 | €1,003,227 | +€131,646 | +15.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €859,180 | €990,827 | +€131,646 | +15.3% |
| Distributable reserves | 133 | €859,180 | €990,827 | +€131,646 | +15.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €466,324 | €235,890 | -€230,435 | -49.4% |
| Amounts payable within one year | 42/48 | €466,324 | €235,890 | -€230,435 | -49.4% |
| Trade debts | 44 | €1,312 | €1,564 | +€252 | +19.2% |
| Suppliers | 440/4 | €1,312 | €1,564 | +€252 | +19.2% |
| Taxes, remuneration and social security | 45 | €60,575 | €80,995 | +€20,420 | +33.7% |
| Taxes | 450/3 | €60,575 | €80,995 | +€20,420 | +33.7% |
| Other amounts payable | 47/48 | €404,438 | €153,331 | -€251,107 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,416 | €25,151 | -€265 | -1.0% |
| Other operating charges | 640/8 | €4,660 | €5,800 | +€1,141 | +24.5% |
| Gross operating margin | 9900 | €408,683 | €427,914 | +€19,232 | +4.7% |
| Operating profit (loss) | 9901 | €378,607 | €396,963 | +€18,356 | +4.8% |
| Financial income | 75/76B | €3,061 | €3,672 | +€611 | +20.0% |
| Recurring financial income | 75 | €3,061 | €3,672 | +€611 | +20.0% |
| Financial charges | 65/66B | €5,359 | €5,167 | -€192 | -3.6% |
| Recurring financial charges | 65 | €5,321 | €4,860 | -€461 | -8.7% |
| Non-recurring financial charges | 66B | €38 | €307 | +€269 | +708% |
| Profit (loss) for the period before taxes | 9903 | €376,309 | €395,468 | +€19,158 | +5.1% |
| Income taxes | 67/77 | €116,574 | €122,655 | +€6,081 | +5.2% |
| Profit (loss) for the period | 9904 | €259,735 | €272,812 | +€13,077 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €259,735 | €272,812 | +€13,077 | +5.0% |
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 28 October 2026 via checked.be.