DREAM'S construct: 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'S construct
Largest movements
- Cash -€34,869
down €34,869 (-61.6%), from €56,560 to €21,691
mainly Investment in fixed assets (net) (-€49,031) and Contributions, distributions and other (-€35,000)
- Receivables within one year +€27,746
up €27,746 (+28.7%), from €96,522 to €124,268
of which Trade receivables: +€52,020
- Stocks and contracts -€15,000
down €15,000 (-50.0%), from €30,000 to €15,000
- Tangible fixed assets +€9,439
up €9,439 (+10.1%), from €93,485 to €102,924
of which Leasing and similar rights: +€11,422
- Deferred charges and accrued income +€6,385
up €6,385 (+52.4%), from €12,187 to €18,571
- Reserves -€35,000
down €35,000 (-45.5%), from €76,860 to €41,860
of which Distributable reserves: -€35,000
- Other debts +€34,133
up €34,133 (+2006.5%), from €1,701 to €35,834
- Profit (loss) carried forward -€20,648
down €20,648 (-25.3%), from €81,641 to €60,993
- Trade debts +€18,371
up €18,371 (+75.3%), from €24,411 to €42,782
- Current portion of long-term debt +€9,967
up €9,967 (+47.7%), from €20,908 to €30,875
- Gross operating margin -€26,754
down €26,754 (-27.2%), from €98,392 to €71,638
- Depreciation +€8,536
up €8,536 (+27.5%), from €31,056 to €39,592
- Taxes -€7,157
down €7,157 (-98.2%), from €7,289 to €132
- Staff costs +€3,519
up €3,519 (+11.1%), from €31,820 to €35,339
- Other operating charges -€2,148
down €2,148 (-54.2%), from €3,966 to €1,818
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 | €289,549 | €283,249 | -€6,299 | -2.2% |
| Fixed assets | 21/28 | €94,280 | €103,719 | +€9,439 | +10.0% |
| Tangible fixed assets | 22/27 | €93,485 | €102,924 | +€9,439 | +10.1% |
| Plant, machinery and equipment | 23 | €9,908 | €11,173 | +€1,266 | +12.8% |
| Furniture and vehicles | 24 | €127 | - | -€127 | |
| Leasing and similar rights | 25 | €58,471 | €69,893 | +€11,422 | +19.5% |
| Other tangible fixed assets | 26 | €24,980 | €21,857 | -€3,122 | -12.5% |
| Financial fixed assets | 28 | €795 | €795 | = | 0.0% |
| Current assets | 29/58 | €195,269 | €179,530 | -€15,738 | -8.1% |
| Stocks and contracts in progress | 3 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Contracts in progress | 37 | €30,000 | €15,000 | -€15,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €96,522 | €124,268 | +€27,746 | +28.7% |
| Trade receivables | 40 | €64,315 | €116,336 | +€52,020 | +80.9% |
| Other amounts receivable | 41 | €32,207 | €7,932 | -€24,275 | -75.4% |
| Cash at bank and in hand | 54/58 | €56,560 | €21,691 | -€34,869 | -61.6% |
| Deferred charges and accrued income | 490/1 | €12,187 | €18,571 | +€6,385 | +52.4% |
| Total equity and liabilities | 10/49 | €289,549 | €283,249 | -€6,299 | -2.2% |
| Equity | 10/15 | €166,251 | €110,603 | -€55,648 | -33.5% |
| Contributions | 10/11 | €7,750 | €7,750 | = | 0.0% |
| Reserves | 13 | €76,860 | €41,860 | -€35,000 | -45.5% |
| 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 | €75,000 | €40,000 | -€35,000 | -46.7% |
| Profit (loss) carried forward | 14 | €81,641 | €60,993 | -€20,648 | -25.3% |
| Amounts payable | 17/49 | €123,298 | €172,646 | +€49,348 | +40.0% |
| Amounts payable after more than one year | 17 | €47,869 | €43,317 | -€4,551 | -9.5% |
| Financial debts | 170/4 | €47,869 | €43,317 | -€4,551 | -9.5% |
| Amounts payable within one year | 42/48 | €75,429 | €129,329 | +€53,900 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €20,908 | €30,875 | +€9,967 | +47.7% |
| Trade debts | 44 | €24,411 | €42,782 | +€18,371 | +75.3% |
| Suppliers | 440/4 | €24,411 | €42,782 | +€18,371 | +75.3% |
| Taxes, remuneration and social security | 45 | €28,409 | €19,838 | -€8,571 | -30.2% |
| Taxes | 450/3 | €3,289 | €5,792 | +€2,503 | +76.1% |
| Remuneration and social security | 454/9 | €25,120 | €14,045 | -€11,075 | -44.1% |
| Other amounts payable | 47/48 | €1,701 | €35,834 | +€34,133 | +2006.5% |
| Remuneration, social security and pensions | 62 | €31,820 | €35,339 | +€3,519 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,056 | €39,592 | +€8,536 | +27.5% |
| Other operating charges | 640/8 | €3,966 | €1,818 | -€2,148 | -54.2% |
| Non-recurring operating charges | 66A | - | €12,804 | +€12,804 | |
| Gross operating margin | 9900 | €98,392 | €71,638 | -€26,754 | -27.2% |
| Operating profit (loss) | 9901 | €31,549 | -€17,916 | -€49,465 | |
| Financial income | 75/76B | - | €1,007 | +€1,007 | |
| Recurring financial income | 75 | - | €1,007 | +€1,007 | |
| Financial charges | 65/66B | €4,066 | €3,607 | -€459 | -11.3% |
| Recurring financial charges | 65 | €4,066 | €3,607 | -€459 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €27,483 | -€20,516 | -€47,999 | |
| Income taxes | 67/77 | €7,289 | €132 | -€7,157 | -98.2% |
| Profit (loss) for the period | 9904 | €20,194 | -€20,648 | -€40,842 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,194 | -€20,648 | -€40,842 |
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 5 October 2026 via checked.be.