DR. DRIES PAS: what changed
Two fiscal 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 PAS
Largest movements
- Tangible fixed assets +€66,776
up €66,776 (+960.6%), from €6,951 to €73,727
of which Furniture and vehicles: +€68,159
- Current investments +€63,312
up €63,312 (+12.0%), from €528,367 to €591,679
- Receivables within one year -€28,845
down €28,845 (-16.4%), from €176,396 to €147,551
of which Other amounts receivable: -€62,891
- Cash -€17,557
down €17,557 (-6.8%), from €258,926 to €241,368
mainly Contributions, distributions and other (-€138,463) and Investment in fixed assets (net) (-€79,549)
- Reserves +€49,944
up €49,944 (+5.4%), from €927,218 to €977,162
of which Distributable reserves: +€49,944
- Other debts +€19,100
new in 2025: €19,100
- Tax, wage and social debts +€13,285
up €13,285 (+70.5%), from €18,848 to €32,133
- Gross operating margin +€28,676
up €28,676 (+11.7%), from €244,300 to €272,976
- Depreciation +€9,587
up €9,587 (+300.9%), from €3,186 to €12,773
- Taxes +€8,271
up €8,271 (+11.3%), from €73,098 to €81,369
- Financial income +€8,104
up €8,104 (+228.2%), from €3,550 to €11,654
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 | €979,066 | €1,062,839 | +€83,773 | +8.6% |
| Fixed assets | 21/28 | €6,951 | €73,727 | +€66,776 | +960.6% |
| Tangible fixed assets | 22/27 | €6,951 | €73,727 | +€66,776 | +960.6% |
| Plant, machinery and equipment | 23 | €1,395 | €1,046 | -€349 | -25.0% |
| Furniture and vehicles | 24 | €1,736 | €69,895 | +€68,159 | +3925.8% |
| Other tangible fixed assets | 26 | €3,821 | €2,786 | -€1,035 | -27.1% |
| Current assets | 29/58 | €972,114 | €989,111 | +€16,997 | +1.7% |
| Amounts receivable within one year | 40/41 | €176,396 | €147,551 | -€28,845 | -16.4% |
| Trade receivables | 40 | €113,505 | €147,551 | +€34,046 | +30.0% |
| Other amounts receivable | 41 | €62,891 | - | -€62,891 | |
| Current investments | 50/53 | €528,367 | €591,679 | +€63,312 | +12.0% |
| Cash at bank and in hand | 54/58 | €258,926 | €241,368 | -€17,557 | -6.8% |
| Deferred charges and accrued income | 490/1 | €8,426 | €8,513 | +€87 | +1.0% |
| Total equity and liabilities | 10/49 | €979,066 | €1,062,839 | +€83,773 | +8.6% |
| Equity | 10/15 | €939,618 | €989,562 | +€49,944 | +5.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €927,218 | €977,162 | +€49,944 | +5.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €925,358 | €975,302 | +€49,944 | +5.4% |
| Amounts payable | 17/49 | €39,447 | €73,277 | +€33,830 | +85.8% |
| Amounts payable within one year | 42/48 | €39,447 | €73,277 | +€33,830 | +85.8% |
| Financial debts | 43 | €20,599 | €20,459 | -€140 | -0.7% |
| Credit institutions | 430/8 | €20,599 | €20,459 | -€140 | -0.7% |
| Trade debts | 44 | - | €1,585 | +€1,585 | |
| Suppliers | 440/4 | - | €1,585 | +€1,585 | |
| Taxes, remuneration and social security | 45 | €18,848 | €32,133 | +€13,285 | +70.5% |
| Taxes | 450/3 | €18,848 | €32,133 | +€13,285 | +70.5% |
| Other amounts payable | 47/48 | - | €19,100 | +€19,100 | |
| Non-recurring operating income | 76A | - | €1,250 | +€1,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,186 | €12,773 | +€9,587 | +300.9% |
| Other operating charges | 640/8 | €705 | €644 | -€60 | -8.6% |
| Gross operating margin | 9900 | €244,300 | €272,976 | +€28,676 | +11.7% |
| Operating profit (loss) | 9901 | €240,410 | €259,558 | +€19,149 | +8.0% |
| Financial income | 75/76B | €3,550 | €11,654 | +€8,104 | +228.2% |
| Recurring financial income | 75 | €3,550 | €11,654 | +€8,104 | +228.2% |
| Financial charges | 65/66B | €1,857 | €1,436 | -€421 | -22.7% |
| Recurring financial charges | 65 | €1,857 | €1,436 | -€421 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €242,103 | €269,776 | +€27,674 | +11.4% |
| Income taxes | 67/77 | €73,098 | €81,369 | +€8,271 | +11.3% |
| Profit (loss) for the period | 9904 | €169,004 | €188,407 | +€19,402 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €169,004 | €188,407 | +€19,402 | +11.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.