Driekoningen: 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.
Driekoningen
Largest movements
- Stocks and contracts +€10.4m
new in 2025: €10.4m
- Tangible fixed assets -€9.6m
down €9.6m (-100.0%), from €9.6m to €0
of which Land and buildings: -€7.7m
- Receivables within one year -€536,495
down €536,495 (-71.4%), from €751,697 to €215,202
of which Other amounts receivable: -€538,645
- Profit (loss) carried forward +€471,525
up €471,525 (+71.6%), from -€658,662 to -€187,137
- Short-term financial debts -€250,000
down €250,000 (-4.2%), from €6.0m to €5.8m
- Gross operating margin +€566,347
up €566,347, from -€106,551 to €459,796
- Depreciation -€563,175
down €563,175 (-99.7%), from €564,962 to €1,786
- Financial income -€8,343
down €8,343 (-26.5%), from €31,540 to €23,196
- Financial charges -€6,741
down €6,741 (-62.0%), from €10,874 to €4,133
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 | €10,408,364 | €10,648,827 | +€240,463 | +2.3% |
| Formation expenses | 20 | €6,256 | €4,470 | -€1,786 | -28.6% |
| Fixed assets | 21/28 | €9,618,036 | €0 | -€9.6m | -100.0% |
| Tangible fixed assets | 22/27 | €9,618,036 | €0 | -€9.6m | -100.0% |
| Land and buildings | 22 | €7,660,000 | €0 | -€7.7m | -100.0% |
| Assets under construction and advance payments | 27 | €1,958,036 | €0 | -€2.0m | -100.0% |
| Current assets | 29/58 | €784,072 | €10,644,357 | +€9.9m | +1257.6% |
| Stocks and contracts in progress | 3 | - | €10,389,420 | +€10.4m | |
| Stocks | 30/36 | - | €10,389,420 | +€10.4m | |
| Amounts receivable within one year | 40/41 | €751,697 | €215,202 | -€536,495 | -71.4% |
| Trade receivables | 40 | - | €2,150 | +€2,150 | |
| Other amounts receivable | 41 | €751,697 | €213,052 | -€538,645 | -71.7% |
| Cash at bank and in hand | 54/58 | €31,734 | €38,993 | +€7,259 | +22.9% |
| Deferred charges and accrued income | 490/1 | €641 | €742 | +€101 | +15.8% |
| Total equity and liabilities | 10/49 | €10,408,364 | €10,648,827 | +€240,463 | +2.3% |
| Equity | 10/15 | €4,341,338 | €4,812,863 | +€471,525 | +10.9% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€658,662 | -€187,137 | +€471,525 | +71.6% |
| Amounts payable | 17/49 | €6,067,025 | €5,835,964 | -€231,062 | -3.8% |
| Amounts payable within one year | 42/48 | €6,006,604 | €5,791,485 | -€215,119 | -3.6% |
| Financial debts | 43 | €6,000,000 | €5,750,000 | -€250,000 | -4.2% |
| Credit institutions | 430/8 | €6,000,000 | €5,750,000 | -€250,000 | -4.2% |
| Trade debts | 44 | €6,604 | €41,485 | +€34,881 | +528.2% |
| Suppliers | 440/4 | €6,604 | €41,485 | +€34,881 | +528.2% |
| Accrued charges and deferred income | 492/3 | €60,421 | €44,479 | -€15,943 | -26.4% |
| Non-recurring operating income | 76A | - | €562,287 | +€562,287 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €564,962 | €1,786 | -€563,175 | -99.7% |
| Other operating charges | 640/8 | €7,814 | €5,549 | -€2,266 | -29.0% |
| Gross operating margin | 9900 | -€106,551 | €459,796 | +€566,347 | |
| Operating profit (loss) | 9901 | -€679,327 | €452,461 | +€1.1m | |
| Financial income | 75/76B | €31,540 | €23,196 | -€8,343 | -26.5% |
| Recurring financial income | 75 | €31,540 | €23,196 | -€8,343 | -26.5% |
| Financial charges | 65/66B | €10,874 | €4,133 | -€6,741 | -62.0% |
| Recurring financial charges | 65 | €10,874 | €4,133 | -€6,741 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | -€658,662 | €471,525 | +€1.1m | |
| Profit (loss) for the period | 9904 | -€658,662 | €471,525 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€658,662 | €471,525 | +€1.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.