DRESSAGE DEVROE: 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.
DRESSAGE DEVROE
Largest movements
- Cash -€16,925
down €16,925 (-65.4%), from €25,876 to €8,951
mainly Receivables within one year (-€15,572) and Tax, wage and social debts (-€9,203)
- Receivables within one year +€15,572
up €15,572 (+40.0%), from €38,934 to €54,506
of which Trade receivables: +€16,683
- Tangible fixed assets -€13,285
down €13,285 (-16.7%), from €79,707 to €66,421
of which Leasing and similar rights: -€10,950
- Receivables after one year -€6,000
down €6,000 (-10.0%), from €60,000 to €54,000
- Tax, wage and social debts -€9,203
down €9,203 (-41.9%), from €21,941 to €12,738
of which Taxes: -€6,068
- Reserves -€7,750
down €7,750 (-24.2%), from €32,000 to €24,250
- Debts after one year -€7,333
down €7,333 (-16.9%), from €43,356 to €36,023
- Trade debts +€6,567
up €6,567 (+133%), from €4,935 to €11,503
- Gross operating margin -€31,070
down €31,070 (-34.3%), from €90,462 to €59,393
- Taxes -€10,494
down €10,494 (-96.7%), from €10,854 to €360
- Depreciation +€4,978
up €4,978 (+48.5%), from €10,270 to €15,247
- Other operating charges +€3,457
up €3,457 (+146%), from €2,364 to €5,820
- Staff costs +€3,109
up €3,109 (+7.3%), from €42,403 to €45,511
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 | €210,693 | €191,302 | -€19,391 | -9.2% |
| Fixed assets | 21/28 | €79,707 | €66,421 | -€13,285 | -16.7% |
| Tangible fixed assets | 22/27 | €79,707 | €66,421 | -€13,285 | -16.7% |
| Land and buildings | 22 | €2,066 | €1,327 | -€739 | -35.8% |
| Plant, machinery and equipment | 23 | €2,195 | €2,698 | +€504 | +22.9% |
| Furniture and vehicles | 24 | €5,033 | €2,933 | -€2,100 | -41.7% |
| Leasing and similar rights | 25 | €70,413 | €59,463 | -€10,950 | -15.6% |
| Current assets | 29/58 | €130,987 | €124,881 | -€6,105 | -4.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €54,000 | -€6,000 | -10.0% |
| Other amounts receivable | 291 | €60,000 | €54,000 | -€6,000 | -10.0% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,934 | €54,506 | +€15,572 | +40.0% |
| Trade receivables | 40 | €28,360 | €45,042 | +€16,683 | +58.8% |
| Other amounts receivable | 41 | €10,575 | €9,464 | -€1,111 | -10.5% |
| Cash at bank and in hand | 54/58 | €25,876 | €8,951 | -€16,925 | -65.4% |
| Deferred charges and accrued income | 490/1 | €5,676 | €6,924 | +€1,247 | +22.0% |
| Total equity and liabilities | 10/49 | €210,693 | €191,302 | -€19,391 | -9.2% |
| Equity | 10/15 | €132,069 | €124,306 | -€7,763 | -5.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €24,250 | -€7,750 | -24.2% |
| Distributable reserves | 133 | €32,000 | €24,250 | -€7,750 | -24.2% |
| Profit (loss) carried forward | 14 | €69 | €56 | -€13 | -18.3% |
| Amounts payable | 17/49 | €78,625 | €66,996 | -€11,628 | -14.8% |
| Amounts payable after more than one year | 17 | €43,356 | €36,023 | -€7,333 | -16.9% |
| Financial debts | 170/4 | €43,356 | €36,023 | -€7,333 | -16.9% |
| Amounts payable within one year | 42/48 | €33,752 | €30,974 | -€2,778 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €6,875 | €6,733 | -€142 | -2.1% |
| Trade debts | 44 | €4,935 | €11,503 | +€6,567 | +133% |
| Suppliers | 440/4 | €4,935 | €11,503 | +€6,567 | +133% |
| Taxes, remuneration and social security | 45 | €21,941 | €12,738 | -€9,203 | -41.9% |
| Taxes | 450/3 | €17,916 | €11,848 | -€6,068 | -33.9% |
| Remuneration and social security | 454/9 | €4,025 | €890 | -€3,135 | -77.9% |
| Accrued charges and deferred income | 492/3 | €1,517 | - | -€1,517 | |
| Remuneration, social security and pensions | 62 | €42,403 | €45,511 | +€3,109 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,270 | €15,247 | +€4,978 | +48.5% |
| Other operating charges | 640/8 | €2,364 | €5,820 | +€3,457 | +146% |
| Gross operating margin | 9900 | €90,462 | €59,393 | -€31,070 | -34.3% |
| Operating profit (loss) | 9901 | €35,426 | -€7,186 | -€42,612 | |
| Financial income | 75/76B | €2,152 | €2,029 | -€124 | -5.8% |
| Recurring financial income | 75 | €2,152 | €2,029 | -€124 | -5.8% |
| Financial charges | 65/66B | €1,407 | €2,245 | +€838 | +59.6% |
| Recurring financial charges | 65 | €1,407 | €2,245 | +€838 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €36,172 | -€7,403 | -€43,574 | |
| Income taxes | 67/77 | €10,854 | €360 | -€10,494 | -96.7% |
| Profit (loss) for the period | 9904 | €25,317 | -€7,763 | -€33,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,317 | -€7,763 | -€33,080 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.