DREEZEN: what changed
Two financial 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.
DREEZEN
Largest movements
- Current investments +€60,000
new in 2025: €60,000
- Cash -€42,583
down €42,583 (-87.8%), from €48,491 to €5,908
mainly Current investments (-€60,000) and Contributions, distributions and other (-€21,203)
- Receivables within one year -€22,342
down €22,342 (-42.2%), from €52,887 to €30,546
of which Other amounts receivable: -€18,090
- Tangible fixed assets -€7,428
down €7,428 (-3.5%), from €210,046 to €202,618
of which Land and buildings: -€8,238
- Debts after one year -€20,120
down €20,120 (-16.4%), from €122,790 to €102,670
- Reserves +€6,787
up €6,787 (+3.0%), from €223,072 to €229,859
- Trade debts -€4,146
down €4,146 (-83.0%), from €4,994 to €849
- Tax, wage and social debts +€3,899
new in 2025: €3,899
- Other operating charges -€26,813
down €26,813 (-94.7%), from €28,305 to €1,492
- Gross operating margin -€18,108
down €18,108 (-23.7%), from €76,519 to €58,411
- Depreciation +€2,875
up €2,875 (+36.7%), from €7,830 to €10,705
- Taxes +€1,708
up €1,708 (+14.3%), from €11,928 to €13,636
- Financial charges +€794
up €794 (+17.4%), from €4,562 to €5,356
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.
Derived cash bridge
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 | €370,243 | €357,417 | -€12,826 | -3.5% |
| Fixed assets | 21/28 | €265,602 | €258,174 | -€7,428 | -2.8% |
| Tangible fixed assets | 22/27 | €210,046 | €202,618 | -€7,428 | -3.5% |
| Land and buildings | 22 | €200,555 | €192,317 | -€8,238 | -4.1% |
| Plant, machinery and equipment | 23 | - | €1,392 | +€1,392 | |
| Furniture and vehicles | 24 | €9,491 | €8,910 | -€582 | -6.1% |
| Financial fixed assets | 28 | €55,556 | €55,556 | = | 0.0% |
| Current assets | 29/58 | €104,641 | €99,243 | -€5,399 | -5.2% |
| Amounts receivable within one year | 40/41 | €52,887 | €30,546 | -€22,342 | -42.2% |
| Trade receivables | 40 | €30,630 | €26,378 | -€4,252 | -13.9% |
| Other amounts receivable | 41 | €22,257 | €4,167 | -€18,090 | -81.3% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €48,491 | €5,908 | -€42,583 | -87.8% |
| Deferred charges and accrued income | 490/1 | €3,263 | €2,789 | -€474 | -14.5% |
| Total equity and liabilities | 10/49 | €370,243 | €357,417 | -€12,826 | -3.5% |
| Equity | 10/15 | €223,072 | €229,859 | +€6,787 | +3.0% |
| Reserves | 13 | €223,072 | €229,859 | +€6,787 | +3.0% |
| Distributable reserves | 133 | €223,072 | €229,859 | +€6,787 | +3.0% |
| Amounts payable | 17/49 | €147,171 | €127,558 | -€19,613 | -13.3% |
| Amounts payable after more than one year | 17 | €122,790 | €102,670 | -€20,120 | -16.4% |
| Financial debts | 170/4 | €122,790 | €102,670 | -€20,120 | -16.4% |
| Amounts payable within one year | 42/48 | €24,381 | €24,888 | +€507 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €19,369 | €20,120 | +€751 | +3.9% |
| Financial debts | 43 | €18 | €20 | +€2 | +11.1% |
| Credit institutions | 430/8 | €18 | €20 | +€2 | +11.1% |
| Trade debts | 44 | €4,994 | €849 | -€4,146 | -83.0% |
| Suppliers | 440/4 | €4,994 | €849 | -€4,146 | -83.0% |
| Taxes, remuneration and social security | 45 | - | €3,899 | +€3,899 | |
| Taxes | 450/3 | - | €3,899 | +€3,899 | |
| Non-recurring operating income | 76A | - | €412 | +€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,830 | €10,705 | +€2,875 | +36.7% |
| Other operating charges | 640/8 | €28,305 | €1,492 | -€26,813 | -94.7% |
| Gross operating margin | 9900 | €76,519 | €58,411 | -€18,108 | -23.7% |
| Operating profit (loss) | 9901 | €40,383 | €46,213 | +€5,830 | +14.4% |
| Financial income | 75/76B | €994 | €767 | -€227 | -22.8% |
| Recurring financial income | 75 | €994 | €767 | -€227 | -22.8% |
| Financial charges | 65/66B | €4,562 | €5,356 | +€794 | +17.4% |
| Recurring financial charges | 65 | €4,562 | €5,356 | +€794 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €36,816 | €41,625 | +€4,809 | +13.1% |
| Income taxes | 67/77 | €11,928 | €13,636 | +€1,708 | +14.3% |
| Profit (loss) for the period | 9904 | €24,888 | €27,989 | +€3,101 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,888 | €27,989 | +€3,101 | +12.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.