DREAMY WORK: 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.
What changed
DREAMY WORK
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,400
2024 · -€8,065+€17,465
Equity
€324,137
2024 · €109,737+€214,400
Cash
€3,711
2024 · €883+€2,828
Balance sheet total
€979,683
2024 · €803,435+€176,248
Largest movements
Assets
- Tangible fixed assets +€175,106
up €175,106 (+22.0%), from €797,626 to €972,732
of which Land and buildings: +€182,844
Equity and liabilities
- Revaluation surpluses +€204,978
new in 2025: €204,978
- Debts after one year -€30,181
down €30,181 (-4.9%), from €620,050 to €589,869
of which Financial debts: -€32,281
Income statement
- Gross operating margin +€17,081
up €17,081 (+40.8%), from €41,916 to €58,997
- Depreciation -€1,781
down €1,781 (-5.6%), from €31,676 to €29,894
- Other operating charges +€1,188
up €1,188 (+37.0%), from €3,212 to €4,400
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.
Result 2024
-€8,065
Gross operating margin
+€17,081
Depreciation
+€1,781
Other operating charges
-€1,188
Other operating items
-€269
Financial income
+€4
Financial charges
+€55
Result 2025
€9,400
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.
From operations
+€33,727
Investment
-€205,000
Financing
+€174,101
Cash 2024
€883
From operations (derived)
+€33,727
Net result for the year
+€9,400
Depreciation
+€29,894
Receivables within one year
+€1,687
Deferred charges and accrued income
-€1
Trade debts
-€4,406
Tax, wage and social debts
-€750
Other debts
-€6,169
Accrued charges and deferred income
+€4,072
Investment (derived)
-€205,000
Investment in fixed assets (net)
-€205,000
Financing
+€174,101
Debts after one year
-€30,181
Current portion of long-term debt
-€718
Contributions, distributions and other
+€205,000
Cash 2025
€3,711
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €803,435 | €979,683 | +€176,248 | +21.9% |
| Fixed assets | 21/28 | €797,626 | €972,732 | +€175,106 | +22.0% |
| Tangible fixed assets | 22/27 | €797,626 | €972,732 | +€175,106 | +22.0% |
| Land and buildings | 22 | €695,320 | €878,164 | +€182,844 | +26.3% |
| Plant, machinery and equipment | 23 | €98,382 | €91,749 | -€6,632 | -6.7% |
| Furniture and vehicles | 24 | €740 | €185 | -€556 | -75.1% |
| Other tangible fixed assets | 26 | €3,185 | €2,635 | -€550 | -17.3% |
| Current assets | 29/58 | €5,809 | €6,951 | +€1,143 | +19.7% |
| Amounts receivable within one year | 40/41 | €4,831 | €3,144 | -€1,687 | -34.9% |
| Trade receivables | 40 | €4,015 | €822 | -€3,194 | -79.5% |
| Other amounts receivable | 41 | €816 | €2,322 | +€1,507 | +184.7% |
| Cash at bank and in hand | 54/58 | €883 | €3,711 | +€2,828 | +320.5% |
| Deferred charges and accrued income | 490/1 | €95 | €96 | +€1 | +1.3% |
| Total equity and liabilities | 10/49 | €803,435 | €979,683 | +€176,248 | +21.9% |
| Equity | 10/15 | €109,737 | €324,137 | +€214,400 | +195.4% |
| Contributions | 10/11 | €203,500 | €203,500 | = | 0.0% |
| Revaluation surpluses | 12 | - | €204,978 | +€204,978 | |
| Reserves | 13 | - | €22 | +€22 | |
| Distributable reserves | 133 | - | €22 | +€22 | |
| Profit (loss) carried forward | 14 | -€93,763 | -€84,363 | +€9,400 | +10.0% |
| Amounts payable | 17/49 | €693,698 | €655,546 | -€38,152 | -5.5% |
| Amounts payable after more than one year | 17 | €620,050 | €589,869 | -€30,181 | -4.9% |
| Financial debts | 170/4 | €617,250 | €584,969 | -€32,281 | -5.2% |
| Other amounts payable | 178/9 | €2,800 | €4,900 | +€2,100 | +75.0% |
| Amounts payable within one year | 42/48 | €68,547 | €56,505 | -€12,043 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €37,737 | €37,020 | -€718 | -1.9% |
| Trade debts | 44 | €6,207 | €1,802 | -€4,406 | -71.0% |
| Suppliers | 440/4 | €6,207 | €1,802 | -€4,406 | -71.0% |
| Taxes, remuneration and social security | 45 | €5,045 | €4,295 | -€750 | -14.9% |
| Taxes | 450/3 | €5,045 | €4,295 | -€750 | -14.9% |
| Other amounts payable | 47/48 | €19,558 | €13,389 | -€6,169 | -31.5% |
| Accrued charges and deferred income | 492/3 | €5,101 | €9,173 | +€4,072 | +79.8% |
| Non-recurring operating income | 76A | - | €11,700 | +€11,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,676 | €29,894 | -€1,781 | -5.6% |
| Other operating charges | 640/8 | €3,212 | €4,400 | +€1,188 | +37.0% |
| Non-recurring operating charges | 66A | - | €269 | +€269 | |
| Gross operating margin | 9900 | €41,916 | €58,997 | +€17,081 | +40.8% |
| Operating profit (loss) | 9901 | €7,028 | €24,434 | +€17,406 | +247.7% |
| Financial income | 75/76B | €2 | €7 | +€4 | +201.4% |
| Recurring financial income | 75 | €2 | €7 | +€4 | +201.4% |
| Financial charges | 65/66B | €15,096 | €15,041 | -€55 | -0.4% |
| Recurring financial charges | 65 | €15,096 | €15,041 | -€55 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,065 | €9,400 | +€17,465 | |
| Profit (loss) for the period | 9904 | -€8,065 | €9,400 | +€17,465 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,065 | €9,400 | +€17,465 |
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.