Dreef 15: 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.
Dreef 15
Largest movements
- Cash -€55,433
down €55,433 (-57.6%), from €96,292 to €40,859
mainly Contributions, distributions and other (-€70,000) and Other debts (-€14,683)
- Tangible fixed assets -€32,808
down €32,808 (-28.8%), from €114,016 to €81,208
of which Furniture and vehicles: -€30,619
- Receivables within one year +€13,173
up €13,173 (+52.7%), from €25,000 to €38,173
- Reserves -€70,000
down €70,000 (-31.1%), from €225,000 to €155,000
- Profit (loss) carried forward +€15,906
up €15,906 (+78.6%), from -€20,224 to -€4,318
- Other debts -€14,683
down €14,683 (-6.4%), from €228,591 to €213,908
- Current portion of long-term debt -€8,402
down €8,402 (-66.4%), from €12,644 to €4,243
- Tax, wage and social debts +€6,509
up €6,509 (+194.7%), from €3,342 to €9,851
- Gross operating margin +€60,254
up €60,254, from -€21,114 to €39,141
- Financial income +€9,861
up €9,861 (+414.0%), from €2,382 to €12,242
- Taxes -€3,028
down €3,028, from €1,963 to -€1,064
- Depreciation -€2,977
down €2,977 (-8.0%), from €37,338 to €34,361
- Other operating charges +€940
up €940 (+178.1%), from €528 to €1,468
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 | €460,338 | €385,270 | -€75,068 | -16.3% |
| Fixed assets | 21/28 | €114,046 | €81,238 | -€32,808 | -28.8% |
| Tangible fixed assets | 22/27 | €114,016 | €81,208 | -€32,808 | -28.8% |
| Furniture and vehicles | 24 | €111,827 | €81,208 | -€30,619 | -27.4% |
| Other tangible fixed assets | 26 | €2,189 | - | -€2,189 | |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €346,292 | €304,032 | -€42,260 | -12.2% |
| Amounts receivable after more than one year | 29 | €225,000 | €225,000 | = | 0.0% |
| Other amounts receivable | 291 | €225,000 | €225,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,000 | €38,173 | +€13,173 | +52.7% |
| Other amounts receivable | 41 | €25,000 | €38,173 | +€13,173 | +52.7% |
| Cash at bank and in hand | 54/58 | €96,292 | €40,859 | -€55,433 | -57.6% |
| Total equity and liabilities | 10/49 | €460,338 | €385,270 | -€75,068 | -16.3% |
| Equity | 10/15 | €206,776 | €152,682 | -€54,094 | -26.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €225,000 | €155,000 | -€70,000 | -31.1% |
| Distributable reserves | 133 | €225,000 | €155,000 | -€70,000 | -31.1% |
| Profit (loss) carried forward | 14 | -€20,224 | -€4,318 | +€15,906 | +78.6% |
| Amounts payable | 17/49 | €253,562 | €232,588 | -€20,974 | -8.3% |
| Amounts payable after more than one year | 17 | €4,243 | - | -€4,243 | |
| Financial debts | 170/4 | €4,243 | - | -€4,243 | |
| Amounts payable within one year | 42/48 | €249,320 | €231,085 | -€18,235 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €12,644 | €4,243 | -€8,402 | -66.4% |
| Trade debts | 44 | €4,742 | €3,083 | -€1,659 | -35.0% |
| Suppliers | 440/4 | €4,742 | €3,083 | -€1,659 | -35.0% |
| Taxes, remuneration and social security | 45 | €3,342 | €9,851 | +€6,509 | +194.7% |
| Taxes | 450/3 | €3,342 | €9,851 | +€6,509 | +194.7% |
| Other amounts payable | 47/48 | €228,591 | €213,908 | -€14,683 | -6.4% |
| Accrued charges and deferred income | 492/3 | - | €1,503 | +€1,503 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,338 | €34,361 | -€2,977 | -8.0% |
| Other operating charges | 640/8 | €528 | €1,468 | +€940 | +178.1% |
| Gross operating margin | 9900 | -€21,114 | €39,141 | +€60,254 | |
| Operating profit (loss) | 9901 | -€58,979 | €3,312 | +€62,291 | |
| Financial income | 75/76B | €2,382 | €12,242 | +€9,861 | +414.0% |
| Recurring financial income | 75 | €2,382 | €12,242 | +€9,861 | +414.0% |
| Financial charges | 65/66B | €238 | €713 | +€475 | +199.9% |
| Recurring financial charges | 65 | €238 | €713 | +€475 | +199.9% |
| Profit (loss) for the period before taxes | 9903 | -€56,835 | €14,841 | +€71,677 | |
| Income taxes | 67/77 | €1,963 | -€1,064 | -€3,028 | |
| Profit (loss) for the period | 9904 | -€58,799 | €15,906 | +€74,704 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,799 | €15,906 | +€74,704 |
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.