DRIEF: 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.
DRIEF
Largest movements
- Cash +€53,947
up €53,947 (+902%), from €5,979 to €59,926
mainly Investment in fixed assets (net) (+€31,946) and Receivables within one year (+€25,362)
- Tangible fixed assets -€38,387
down €38,387 (-71.2%), from €53,935 to €15,548
of which Furniture and vehicles: -€32,681
- Receivables within one year -€25,362
down €25,362 (-23.8%), from €106,462 to €81,100
of which Trade receivables: -€50,595
- Stocks and contracts -€12,324
down €12,324 (-65.6%), from €18,799 to €6,475
- Deferred charges and accrued income -€11,008
no longer reported in 2025 (was €11,008)
- Trade debts -€43,621
down €43,621 (-57.4%), from €76,024 to €32,403
- Profit (loss) carried forward +€22,504
up €22,504 (+50.8%), from €44,337 to €66,841
- Debts after one year -€11,694
down €11,694 (-59.8%), from €19,555 to €7,860
- Gross operating margin -€49,553
down €49,553 (-22.2%), from €222,721 to €173,168
- Depreciation -€17,834
down €17,834 (-73.5%), from €24,275 to €6,441
- Staff costs -€13,205
down €13,205 (-9.7%), from €135,702 to €122,497
- Taxes +€9,248
up €9,248 (+484%), from €1,910 to €11,158
- Other operating charges +€7,826
up €7,826 (+237%), from €3,300 to €11,126
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 | €198,827 | €165,693 | -€33,134 | -16.7% |
| Fixed assets | 21/28 | €56,580 | €18,192 | -€38,387 | -67.8% |
| Tangible fixed assets | 22/27 | €53,935 | €15,548 | -€38,387 | -71.2% |
| Furniture and vehicles | 24 | €32,681 | - | -€32,681 | |
| Other tangible fixed assets | 26 | €21,254 | €15,548 | -€5,706 | -26.8% |
| Financial fixed assets | 28 | €2,645 | €2,645 | = | 0.0% |
| Current assets | 29/58 | €142,247 | €147,500 | +€5,253 | +3.7% |
| Stocks and contracts in progress | 3 | €18,799 | €6,475 | -€12,324 | -65.6% |
| Stocks | 30/36 | €18,799 | €6,475 | -€12,324 | -65.6% |
| Amounts receivable within one year | 40/41 | €106,462 | €81,100 | -€25,362 | -23.8% |
| Trade receivables | 40 | €64,737 | €14,143 | -€50,595 | -78.2% |
| Other amounts receivable | 41 | €41,724 | €66,957 | +€25,233 | +60.5% |
| Cash at bank and in hand | 54/58 | €5,979 | €59,926 | +€53,947 | +902% |
| Deferred charges and accrued income | 490/1 | €11,008 | - | -€11,008 | |
| Total equity and liabilities | 10/49 | €198,827 | €165,693 | -€33,134 | -16.7% |
| Equity | 10/15 | €62,937 | €85,441 | +€22,504 | +35.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,337 | €66,841 | +€22,504 | +50.8% |
| Amounts payable | 17/49 | €135,890 | €80,252 | -€55,638 | -40.9% |
| Amounts payable after more than one year | 17 | €19,555 | €7,860 | -€11,694 | -59.8% |
| Financial debts | 170/4 | €19,555 | €7,860 | -€11,694 | -59.8% |
| Amounts payable within one year | 42/48 | €116,335 | €72,391 | -€43,943 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €11,580 | €11,694 | +€115 | +1.0% |
| Trade debts | 44 | €76,024 | €32,403 | -€43,621 | -57.4% |
| Suppliers | 440/4 | €76,024 | €32,403 | -€43,621 | -57.4% |
| Taxes, remuneration and social security | 45 | €28,731 | €28,294 | -€437 | -1.5% |
| Taxes | 450/3 | €5,936 | €11,423 | +€5,486 | +92.4% |
| Remuneration and social security | 454/9 | €22,795 | €16,872 | -€5,923 | -26.0% |
| Remuneration, social security and pensions | 62 | €135,702 | €122,497 | -€13,205 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,275 | €6,441 | -€17,834 | -73.5% |
| Other operating charges | 640/8 | €3,300 | €11,126 | +€7,826 | +237% |
| Non-recurring operating charges | 66A | €12,361 | - | -€12,361 | |
| Gross operating margin | 9900 | €222,721 | €173,168 | -€49,553 | -22.2% |
| Operating profit (loss) | 9901 | €47,083 | €33,104 | -€13,979 | -29.7% |
| Financial income | 75/76B | €1,481 | €3,100 | +€1,619 | +109% |
| Recurring financial income | 75 | €1,481 | €3,100 | +€1,619 | +109% |
| Financial charges | 65/66B | €4,259 | €2,541 | -€1,718 | -40.3% |
| Recurring financial charges | 65 | €4,259 | €2,541 | -€1,718 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €44,306 | €33,662 | -€10,643 | -24.0% |
| Income taxes | 67/77 | €1,910 | €11,158 | +€9,248 | +484% |
| Profit (loss) for the period | 9904 | €42,395 | €22,504 | -€19,891 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,395 | €22,504 | -€19,891 | -46.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.