DRIEHOEK: 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.
DRIEHOEK
Largest movements
- Receivables after one year -€872,056
no longer reported in 2025 (was €872,056)
- Receivables within one year -€175,185
down €175,185 (-65.1%), from €269,238 to €94,054
of which Other amounts receivable: -€183,705
- Deferred charges and accrued income -€117,367
down €117,367 (-98.9%), from €118,679 to €1,311
- Tangible fixed assets -€82,321
down €82,321 (-27.8%), from €295,769 to €213,448
- Cash +€49,954
up €49,954 (+199%), from €25,134 to €75,088
mainly Receivables after one year (+€872,056) and Receivables within one year (+€175,185)
- Profit (loss) carried forward -€1.1m
down €1.1m (-3,336%), from -€34,010 to -€1.2m
- Other debts -€39,391
down €39,391 (-88.4%), from €44,582 to €5,191
- Write-downs +€1.2m
new in 2025: €1.2m
- Financial income -€79,987
down €79,987 (-87.4%), from €91,559 to €11,572
- Gross operating margin -€18,823
down €18,823 (-31.2%), from €60,421 to €41,598
- Depreciation -€15,285
down €15,285 (-30.5%), from €50,073 to €34,789
- Financial charges +€1,441
up €1,441 (+19.9%), from €7,226 to €8,667
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 | €1,581,126 | €383,901 | -€1.2m | -75.7% |
| Fixed assets | 21/28 | €296,019 | €213,448 | -€82,571 | -27.9% |
| Tangible fixed assets | 22/27 | €295,769 | €213,448 | -€82,321 | -27.8% |
| Land and buildings | 22 | €295,769 | €213,448 | -€82,321 | -27.8% |
| Financial fixed assets | 28 | €250 | - | -€250 | |
| Current assets | 29/58 | €1,285,107 | €170,453 | -€1.1m | -86.7% |
| Amounts receivable after more than one year | 29 | €872,056 | - | -€872,056 | |
| Other amounts receivable | 291 | €872,056 | - | -€872,056 | |
| Amounts receivable within one year | 40/41 | €269,238 | €94,054 | -€175,185 | -65.1% |
| Trade receivables | 40 | €10,000 | €18,521 | +€8,521 | +85.2% |
| Other amounts receivable | 41 | €259,238 | €75,533 | -€183,705 | -70.9% |
| Cash at bank and in hand | 54/58 | €25,134 | €75,088 | +€49,954 | +199% |
| Deferred charges and accrued income | 490/1 | €118,679 | €1,311 | -€117,367 | -98.9% |
| Total equity and liabilities | 10/49 | €1,581,126 | €383,901 | -€1.2m | -75.7% |
| Equity | 10/15 | €1,338,864 | €190,909 | -€1.1m | -85.7% |
| Contributions | 10/11 | €1,203,500 | €1,203,500 | = | 0.0% |
| Reserves | 13 | €169,374 | €155,941 | -€13,433 | -7.9% |
| Tax-exempt reserves | 132 | €98,989 | €85,556 | -€13,433 | -13.6% |
| Distributable reserves | 133 | €70,385 | €70,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,010 | -€1,168,532 | -€1.1m | -3,336% |
| Provisions and deferred taxes | 16 | €49,656 | €42,826 | -€6,830 | -13.8% |
| Deferred taxes | 168 | €49,656 | €42,826 | -€6,830 | -13.8% |
| Amounts payable | 17/49 | €192,607 | €150,166 | -€42,441 | -22.0% |
| Amounts payable after more than one year | 17 | €5,363 | €5,363 | = | 0.0% |
| Other amounts payable | 178/9 | €5,363 | €5,363 | = | 0.0% |
| Amounts payable within one year | 42/48 | €180,015 | €143,412 | -€36,603 | -20.3% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Other loans | 439 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €8,078 | €13,010 | +€4,933 | +61.1% |
| Suppliers | 440/4 | €8,078 | €13,010 | +€4,933 | +61.1% |
| Advances received on contracts in progress | 46 | €1,651 | - | -€1,651 | |
| Taxes, remuneration and social security | 45 | €704 | €211 | -€493 | -70.0% |
| Taxes | 450/3 | €704 | €211 | -€493 | -70.0% |
| Other amounts payable | 47/48 | €44,582 | €5,191 | -€39,391 | -88.4% |
| Accrued charges and deferred income | 492/3 | €7,229 | €1,391 | -€5,838 | -80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,073 | €34,789 | -€15,285 | -30.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,157,146 | +€1.2m | |
| Other operating charges | 640/8 | €7,884 | €6,848 | -€1,036 | -13.1% |
| Gross operating margin | 9900 | €60,421 | €41,598 | -€18,823 | -31.2% |
| Operating profit (loss) | 9901 | €2,464 | -€1,157,184 | -€1.2m | |
| Financial income | 75/76B | €91,559 | €11,572 | -€79,987 | -87.4% |
| Recurring financial income | 75 | €91,559 | €11,572 | -€79,987 | -87.4% |
| Financial charges | 65/66B | €7,226 | €8,667 | +€1,441 | +19.9% |
| Recurring financial charges | 65 | €7,226 | €8,667 | +€1,441 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €86,798 | -€1,154,279 | -€1.2m | |
| Transfer from deferred taxes | 780 | €6,830 | €6,830 | = | 0.0% |
| Income taxes | 67/77 | €643 | €505 | -€138 | -21.5% |
| Profit (loss) for the period | 9904 | €92,984 | -€1,147,955 | -€1.2m | |
| Transfer from tax-exempt reserves | 789 | €13,433 | €13,433 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,417 | -€1,134,522 | -€1.2m |
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 28 October 2026 via checked.be.