Dr. Dries Deeren: 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. Dries Deeren
Largest movements
- Current investments -€852,173
down €852,173 (-89.6%), from €951,373 to €99,200
- Tangible fixed assets +€346,224
up €346,224 (+35.9%), from €963,871 to €1.3m
of which Land and buildings: +€345,466
- Receivables within one year -€104,666
down €104,666 (-47.5%), from €220,134 to €115,468
of which Other amounts receivable: -€106,066
- Other debts -€661,959
down €661,959 (-71.5%), from €925,374 to €263,416
- Reserves +€62,745
up €62,745 (+5.4%), from €1.2m to €1.2m
of which Distributable reserves: +€125,895
- Trade debts -€29,452
down €29,452 (-68.2%), from €43,194 to €13,741
- Financial income +€169,941
up €169,941 (+1,305%), from €13,018 to €182,959
- Gross operating margin -€73,487
down €73,487 (-22.5%), from €326,721 to €253,234
- Taxes +€44,667
up €44,667 (+178%), from €25,161 to €69,828
- Depreciation +€16,326
up €16,326 (+27.4%), from €59,631 to €75,957
- Financial charges -€13,894
down €13,894 (-25.3%), from €54,988 to €41,094
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 | €2,168,234 | €1,541,575 | -€626,659 | -28.9% |
| Fixed assets | 21/28 | €963,871 | €1,310,094 | +€346,224 | +35.9% |
| Tangible fixed assets | 22/27 | €963,871 | €1,310,094 | +€346,224 | +35.9% |
| Land and buildings | 22 | €914,579 | €1,260,045 | +€345,466 | +37.8% |
| Plant, machinery and equipment | 23 | €13,295 | €14,080 | +€785 | +5.9% |
| Furniture and vehicles | 24 | €35,997 | €35,969 | -€28 | -0.1% |
| Current assets | 29/58 | €1,204,363 | €231,481 | -€972,882 | -80.8% |
| Amounts receivable within one year | 40/41 | €220,134 | €115,468 | -€104,666 | -47.5% |
| Trade receivables | 40 | - | €1,400 | +€1,400 | |
| Other amounts receivable | 41 | €220,134 | €114,068 | -€106,066 | -48.2% |
| Current investments | 50/53 | €951,373 | €99,200 | -€852,173 | -89.6% |
| Cash at bank and in hand | 54/58 | €27,248 | €13,997 | -€13,251 | -48.6% |
| Deferred charges and accrued income | 490/1 | €5,608 | €2,815 | -€2,793 | -49.8% |
| Total equity and liabilities | 10/49 | €2,168,234 | €1,541,575 | -€626,659 | -28.9% |
| Equity | 10/15 | €1,164,959 | €1,227,704 | +€62,745 | +5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,152,559 | €1,215,304 | +€62,745 | +5.4% |
| Tax-exempt reserves | 132 | €126,300 | €63,150 | -€63,150 | -50.0% |
| Distributable reserves | 133 | €1,026,259 | €1,152,154 | +€125,895 | +12.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,003,274 | €313,871 | -€689,403 | -68.7% |
| Amounts payable within one year | 42/48 | €1,001,812 | €312,746 | -€689,065 | -68.8% |
| Trade debts | 44 | €43,194 | €13,741 | -€29,452 | -68.2% |
| Suppliers | 440/4 | €43,194 | €13,741 | -€29,452 | -68.2% |
| Taxes, remuneration and social security | 45 | €33,244 | €35,589 | +€2,346 | +7.1% |
| Taxes | 450/3 | €33,244 | €35,589 | +€2,346 | +7.1% |
| Other amounts payable | 47/48 | €925,374 | €263,416 | -€661,959 | -71.5% |
| Accrued charges and deferred income | 492/3 | €1,463 | €1,124 | -€338 | -23.1% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,631 | €75,957 | +€16,326 | +27.4% |
| Other operating charges | 640/8 | €4,524 | €4,570 | +€46 | +1.0% |
| Gross operating margin | 9900 | €326,721 | €253,234 | -€73,487 | -22.5% |
| Operating profit (loss) | 9901 | €262,567 | €172,708 | -€89,859 | -34.2% |
| Financial income | 75/76B | €13,018 | €182,959 | +€169,941 | +1,305% |
| Recurring financial income | 75 | €13,018 | €182,959 | +€169,941 | +1,305% |
| Financial charges | 65/66B | €54,988 | €41,094 | -€13,894 | -25.3% |
| Recurring financial charges | 65 | €54,988 | €41,094 | -€13,894 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €220,597 | €314,573 | +€93,976 | +42.6% |
| Income taxes | 67/77 | €25,161 | €69,828 | +€44,667 | +178% |
| Profit (loss) for the period | 9904 | €195,436 | €244,745 | +€49,308 | +25.2% |
| Transfer from tax-exempt reserves | 789 | €89,000 | €63,150 | -€25,850 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €284,436 | €307,895 | +€23,458 | +8.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.