DREAM: 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.
DREAM
Largest movements
- Tangible fixed assets -€48,436
down €48,436 (-38.0%), from €127,547 to €79,111
of which Other tangible fixed assets: -€47,210
- Cash +€37,759
up €37,759 (+13.0%), from €291,173 to €328,932
mainly Net result for the year (+€66,462) and Other debts (+€57,128)
- Receivables within one year +€37,618
up €37,618 (+92.5%), from €40,686 to €78,304
- Deferred charges and accrued income -€23,829
down €23,829 (-81.2%), from €29,339 to €5,511
- Other debts +€57,128
new in 2025: €57,128
- Advances received -€43,864
down €43,864 (-52.3%), from €83,838 to €39,973
- Reserves +€16,462
up €16,462 (+3.1%), from €537,137 to €553,598
of which Distributable reserves: +€16,462
- Debts after one year -€13,434
down €13,434 (-41.8%), from €32,172 to €18,738
- Trade debts -€11,901
down €11,901 (-13.7%), from €87,157 to €75,255
- Gross operating margin +€86,571
up €86,571 (+29.6%), from €292,082 to €378,652
- Staff costs +€24,780
up €24,780 (+10.7%), from €232,505 to €257,285
- Other operating charges +€11,726
up €11,726 (+349.0%), from €3,360 to €15,086
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 | €865,934 | €869,256 | +€3,321 | +0.4% |
| Fixed assets | 21/28 | €141,387 | €92,939 | -€48,448 | -34.3% |
| Tangible fixed assets | 22/27 | €127,547 | €79,111 | -€48,436 | -38.0% |
| Plant, machinery and equipment | 23 | €1,798 | €916 | -€882 | -49.1% |
| Furniture and vehicles | 24 | €358 | €14 | -€344 | -96.0% |
| Other tangible fixed assets | 26 | €125,391 | €78,181 | -€47,210 | -37.7% |
| Financial fixed assets | 28 | €13,840 | €13,828 | -€12 | -0.1% |
| Current assets | 29/58 | €724,548 | €776,317 | +€51,769 | +7.1% |
| Stocks and contracts in progress | 3 | €363,349 | €363,571 | +€222 | +0.1% |
| Stocks | 30/36 | €363,349 | €363,571 | +€222 | +0.1% |
| Amounts receivable within one year | 40/41 | €40,686 | €78,304 | +€37,618 | +92.5% |
| Other amounts receivable | 41 | €40,686 | €78,304 | +€37,618 | +92.5% |
| Cash at bank and in hand | 54/58 | €291,173 | €328,932 | +€37,759 | +13.0% |
| Deferred charges and accrued income | 490/1 | €29,339 | €5,511 | -€23,829 | -81.2% |
| Total equity and liabilities | 10/49 | €865,934 | €869,256 | +€3,321 | +0.4% |
| Equity | 10/15 | €601,137 | €617,598 | +€16,462 | +2.7% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €537,137 | €553,598 | +€16,462 | +3.1% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €511,987 | €528,448 | +€16,462 | +3.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €264,798 | €251,658 | -€13,140 | -5.0% |
| Amounts payable after more than one year | 17 | €32,172 | €18,738 | -€13,434 | -41.8% |
| Financial debts | 170/4 | €32,172 | €18,738 | -€13,434 | -41.8% |
| Amounts payable within one year | 42/48 | €232,626 | €232,919 | +€293 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €22,939 | €13,434 | -€9,506 | -41.4% |
| Trade debts | 44 | €87,157 | €75,255 | -€11,901 | -13.7% |
| Suppliers | 440/4 | €87,157 | €75,255 | -€11,901 | -13.7% |
| Advances received on contracts in progress | 46 | €83,838 | €39,973 | -€43,864 | -52.3% |
| Taxes, remuneration and social security | 45 | €38,692 | €47,129 | +€8,437 | +21.8% |
| Taxes | 450/3 | €10,272 | €23,130 | +€12,858 | +125.2% |
| Remuneration and social security | 454/9 | €28,420 | €23,999 | -€4,421 | -15.6% |
| Other amounts payable | 47/48 | - | €57,128 | +€57,128 | |
| Remuneration, social security and pensions | 62 | €232,505 | €257,285 | +€24,780 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,971 | €48,436 | -€1,536 | -3.1% |
| Other operating charges | 640/8 | €3,360 | €15,086 | +€11,726 | +349.0% |
| Gross operating margin | 9900 | €292,082 | €378,652 | +€86,571 | +29.6% |
| Operating profit (loss) | 9901 | €6,245 | €57,846 | +€51,601 | +826.3% |
| Financial income | 75/76B | €21,007 | €22,189 | +€1,182 | +5.6% |
| Recurring financial income | 75 | €21,007 | €22,189 | +€1,182 | +5.6% |
| Financial charges | 65/66B | €10,137 | €7,022 | -€3,115 | -30.7% |
| Recurring financial charges | 65 | €10,137 | €7,022 | -€3,115 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €17,116 | €73,013 | +€55,897 | +326.6% |
| Income taxes | 67/77 | €5,651 | €6,551 | +€900 | +15.9% |
| Profit (loss) for the period | 9904 | €11,464 | €66,462 | +€54,997 | +479.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,464 | €66,462 | +€54,997 | +479.7% |
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 7 October 2026 via checked.be.