Dr. D. Vriens: 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. D. Vriens
Largest movements
- Receivables within one year -€148,901
down €148,901 (-70.1%), from €212,336 to €63,436
of which Other amounts receivable: -€153,705
- Tangible fixed assets +€121,335
up €121,335 (+104,898%), from €116 to €121,451
of which Land and buildings: +€120,718
- Current investments -€50,000
down €50,000 (-14.4%), from €347,333 to €297,333
- Reserves -€456,567
down €456,567 (-68.6%), from €665,722 to €209,155
- Other debts +€365,758
new in 2025: €365,758
- Tax, wage and social debts +€7,542
up €7,542 (+41.6%), from €18,117 to €25,659
- Gross operating margin -€40,941
down €40,941 (-29.6%), from €138,313 to €97,372
- Other operating charges -€26,235
down €26,235 (-89.6%), from €29,281 to €3,046
- Financial charges +€22,851
up €22,851, from -€22,097 to €754
- Depreciation +€5,367
up €5,367 (+976%), from €550 to €5,917
- Taxes -€3,605
down €3,605 (-29.4%), from €12,260 to €8,655
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 | €705,388 | €625,993 | -€79,396 | -11.3% |
| Fixed assets | 21/28 | €117 | €121,452 | +€121,335 | +103,999% |
| Tangible fixed assets | 22/27 | €116 | €121,451 | +€121,335 | +104,898% |
| Land and buildings | 22 | - | €120,718 | +€120,718 | |
| Plant, machinery and equipment | 23 | €116 | €0 | -€116 | -100% |
| Furniture and vehicles | 24 | - | €733 | +€733 | |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €705,272 | €504,541 | -€200,731 | -28.5% |
| Amounts receivable within one year | 40/41 | €212,336 | €63,436 | -€148,901 | -70.1% |
| Trade receivables | 40 | €195 | €5,000 | +€4,805 | +2,460% |
| Other amounts receivable | 41 | €212,141 | €58,436 | -€153,705 | -72.5% |
| Current investments | 50/53 | €347,333 | €297,333 | -€50,000 | -14.4% |
| Cash at bank and in hand | 54/58 | €145,412 | €143,772 | -€1,640 | -1.1% |
| Deferred charges and accrued income | 490/1 | €190 | €0 | -€190 | -100% |
| Total equity and liabilities | 10/49 | €705,388 | €625,993 | -€79,396 | -11.3% |
| Equity | 10/15 | €684,272 | €227,705 | -€456,567 | -66.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €665,722 | €209,155 | -€456,567 | -68.6% |
| Distributable reserves | 133 | €665,722 | €209,155 | -€456,567 | -68.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,117 | €398,288 | +€377,171 | +1,786% |
| Amounts payable within one year | 42/48 | €18,117 | €395,288 | +€377,171 | +2,082% |
| Trade debts | 44 | €0 | €3,871 | +€3,871 | |
| Suppliers | 440/4 | €0 | €3,871 | +€3,871 | |
| Taxes, remuneration and social security | 45 | €18,117 | €25,659 | +€7,542 | +41.6% |
| Taxes | 450/3 | €18,117 | €25,659 | +€7,542 | +41.6% |
| Other amounts payable | 47/48 | - | €365,758 | +€365,758 | |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €5,917 | +€5,367 | +976% |
| Other operating charges | 640/8 | €29,281 | €3,046 | -€26,235 | -89.6% |
| Gross operating margin | 9900 | €138,313 | €97,372 | -€40,941 | -29.6% |
| Operating profit (loss) | 9901 | €108,482 | €88,409 | -€20,073 | -18.5% |
| Financial income | 75/76B | €4,281 | €7,555 | +€3,274 | +76.5% |
| Recurring financial income | 75 | €4,281 | €7,555 | +€3,274 | +76.5% |
| Financial charges | 65/66B | -€22,097 | €754 | +€22,851 | |
| Recurring financial charges | 65 | -€22,097 | €754 | +€22,851 | |
| Profit (loss) for the period before taxes | 9903 | €134,860 | €95,210 | -€39,650 | -29.4% |
| Income taxes | 67/77 | €12,260 | €8,655 | -€3,605 | -29.4% |
| Profit (loss) for the period | 9904 | €122,600 | €86,554 | -€36,046 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €122,600 | €86,554 | -€36,046 | -29.4% |
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.