Dreef 18: 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 18
Largest movements
- Tangible fixed assets +€26,926
up €26,926 (+45.6%), from €59,075 to €86,001
of which Furniture and vehicles: +€35,526
- Cash -€12,538
down €12,538 (-74.9%), from €16,742 to €4,204
mainly Investment in fixed assets (net) (-€49,801) and Receivables within one year (-€10,285)
- Receivables within one year +€10,285
up €10,285 (+152.9%), from €6,729 to €17,014
of which Trade receivables: +€6,739
- Debts after one year +€30,000
up €30,000 (+14.2%), from €211,000 to €241,000
- Trade debts +€6,114
up €6,114 (+50.7%), from €12,059 to €18,173
- Profit (loss) carried forward -€5,653
down €5,653 (-3.3%), from -€172,230 to -€177,883
- Other debts -€5,516
down €5,516 (-53.5%), from €10,314 to €4,798
- Gross operating margin -€13,641
down €13,641 (-45.2%), from €30,199 to €16,558
- Depreciation +€3,024
up €3,024 (+15.2%), from €19,851 to €22,875
- Financial income +€1,247
up €1,247 (+1831.4%), from €68 to €1,315
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 | €82,545 | €107,219 | +€24,674 | +29.9% |
| Fixed assets | 21/28 | €59,075 | €86,001 | +€26,926 | +45.6% |
| Tangible fixed assets | 22/27 | €59,075 | €86,001 | +€26,926 | +45.6% |
| Plant, machinery and equipment | 23 | €59,075 | €50,475 | -€8,600 | -14.6% |
| Furniture and vehicles | 24 | - | €35,526 | +€35,526 | |
| Current assets | 29/58 | €23,471 | €21,218 | -€2,252 | -9.6% |
| Amounts receivable within one year | 40/41 | €6,729 | €17,014 | +€10,285 | +152.9% |
| Trade receivables | 40 | €6,479 | €13,218 | +€6,739 | +104.0% |
| Other amounts receivable | 41 | €250 | €3,796 | +€3,546 | +1418.5% |
| Cash at bank and in hand | 54/58 | €16,742 | €4,204 | -€12,538 | -74.9% |
| Total equity and liabilities | 10/49 | €82,545 | €107,219 | +€24,674 | +29.9% |
| Equity | 10/15 | -€153,630 | -€159,283 | -€5,653 | -3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€172,230 | -€177,883 | -€5,653 | -3.3% |
| Amounts payable | 17/49 | €236,175 | €266,502 | +€30,327 | +12.8% |
| Amounts payable after more than one year | 17 | €211,000 | €241,000 | +€30,000 | +14.2% |
| Other amounts payable | 178/9 | €211,000 | €241,000 | +€30,000 | +14.2% |
| Amounts payable within one year | 42/48 | €23,045 | €23,357 | +€311 | +1.4% |
| Trade debts | 44 | €12,059 | €18,173 | +€6,114 | +50.7% |
| Suppliers | 440/4 | €12,059 | €18,173 | +€6,114 | +50.7% |
| Taxes, remuneration and social security | 45 | €672 | €385 | -€287 | -42.7% |
| Taxes | 450/3 | €672 | €385 | -€287 | -42.7% |
| Other amounts payable | 47/48 | €10,314 | €4,798 | -€5,516 | -53.5% |
| Accrued charges and deferred income | 492/3 | €2,130 | €2,145 | +€15 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,851 | €22,875 | +€3,024 | +15.2% |
| Other operating charges | 640/8 | €154 | €159 | +€5 | +3.1% |
| Gross operating margin | 9900 | €30,199 | €16,558 | -€13,641 | -45.2% |
| Operating profit (loss) | 9901 | €10,194 | -€6,476 | -€16,670 | |
| Financial income | 75/76B | €68 | €1,315 | +€1,247 | +1831.4% |
| Recurring financial income | 75 | €68 | €1,315 | +€1,247 | +1831.4% |
| Financial charges | 65/66B | €441 | €424 | -€17 | -3.9% |
| Recurring financial charges | 65 | €441 | €424 | -€17 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €9,821 | -€5,585 | -€15,406 | |
| Income taxes | 67/77 | - | €68 | +€68 | |
| Profit (loss) for the period | 9904 | €9,821 | -€5,653 | -€15,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,821 | -€5,653 | -€15,474 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.