Dries Aendekerk: 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.
Dries Aendekerk
Largest movements
- Tangible fixed assets -€24,051
down €24,051 (-9.0%), from €267,541 to €243,490
of which Land and buildings: -€17,371
- Cash +€20,057
up €20,057 (+17.7%), from €113,340 to €133,397
mainly Current portion of long-term debt (+€125,085) and Depreciation (+€24,538)
- Debts after one year -€137,190
no longer reported in 2025 (was €137,190)
- Current portion of long-term debt +€125,085
up €125,085 (+1,033%), from €12,105 to €137,190
- Reserves +€6,243
up €6,243 (+2.5%), from €248,516 to €254,759
of which Distributable reserves: +€12,620
- Gross operating margin +€21,328
up €21,328 (+100%), from €21,233 to €42,561
- Depreciation -€2,617
down €2,617 (-9.6%), from €27,155 to €24,538
- Staff costs +€2,344
up €2,344 (+96.6%), from -€2,426 to -€82
- Financial income +€1,800
up €1,800 (+102%), from €1,759 to €3,559
- Taxes +€1,267
up €1,267 (+1,022%), from €124 to €1,391
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 | €511,021 | €505,088 | -€5,933 | -1.2% |
| Fixed assets | 21/28 | €267,541 | €243,490 | -€24,051 | -9.0% |
| Tangible fixed assets | 22/27 | €267,541 | €243,490 | -€24,051 | -9.0% |
| Land and buildings | 22 | €250,927 | €233,556 | -€17,371 | -6.9% |
| Plant, machinery and equipment | 23 | €4,309 | €3,611 | -€698 | -16.2% |
| Furniture and vehicles | 24 | €12,284 | €6,323 | -€5,961 | -48.5% |
| Other tangible fixed assets | 26 | €21 | - | -€21 | |
| Current assets | 29/58 | €243,480 | €261,598 | +€18,118 | +7.4% |
| Amounts receivable within one year | 40/41 | €26,951 | €26,089 | -€862 | -3.2% |
| Trade receivables | 40 | €21,894 | €15,604 | -€6,290 | -28.7% |
| Other amounts receivable | 41 | €5,057 | €10,485 | +€5,428 | +107% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €113,340 | €133,397 | +€20,057 | +17.7% |
| Deferred charges and accrued income | 490/1 | €3,189 | €2,112 | -€1,077 | -33.8% |
| Total equity and liabilities | 10/49 | €511,021 | €505,088 | -€5,933 | -1.2% |
| Equity | 10/15 | €298,116 | €304,359 | +€6,243 | +2.1% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €248,516 | €254,759 | +€6,243 | +2.5% |
| Non-distributable reserves | 130/1 | €5,580 | €5,580 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,580 | €5,580 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,377 | - | -€6,377 | |
| Distributable reserves | 133 | €236,559 | €249,179 | +€12,620 | +5.3% |
| Amounts payable | 17/49 | €212,905 | €200,729 | -€12,176 | -5.7% |
| Amounts payable after more than one year | 17 | €137,190 | - | -€137,190 | |
| Financial debts | 170/4 | €137,190 | - | -€137,190 | |
| Amounts payable within one year | 42/48 | €70,108 | €193,922 | +€123,814 | +177% |
| Current portion of amounts payable after more than one year | 42 | €12,105 | €137,190 | +€125,085 | +1,033% |
| Trade debts | 44 | €2,462 | €1,930 | -€532 | -21.6% |
| Suppliers | 440/4 | €2,462 | €1,930 | -€532 | -21.6% |
| Taxes, remuneration and social security | 45 | €7,097 | €5,779 | -€1,318 | -18.6% |
| Taxes | 450/3 | €5,087 | €5,779 | +€692 | +13.6% |
| Remuneration and social security | 454/9 | €2,010 | - | -€2,010 | |
| Other amounts payable | 47/48 | €48,444 | €49,023 | +€579 | +1.2% |
| Accrued charges and deferred income | 492/3 | €5,607 | €6,807 | +€1,200 | +21.4% |
| Non-recurring operating income | 76A | - | €870 | +€870 | |
| Remuneration, social security and pensions | 62 | -€2,426 | -€82 | +€2,344 | +96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,155 | €24,538 | -€2,617 | -9.6% |
| Other operating charges | 640/8 | €3,029 | €2,654 | -€375 | -12.4% |
| Non-recurring operating charges | 66A | - | €693 | +€693 | |
| Gross operating margin | 9900 | €21,233 | €42,561 | +€21,328 | +100% |
| Operating profit (loss) | 9901 | -€6,525 | €14,758 | +€21,283 | |
| Financial income | 75/76B | €1,759 | €3,559 | +€1,800 | +102% |
| Recurring financial income | 75 | €1,759 | €3,559 | +€1,800 | +102% |
| Financial charges | 65/66B | €9,588 | €10,683 | +€1,095 | +11.4% |
| Recurring financial charges | 65 | €9,588 | €10,683 | +€1,095 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,354 | €7,634 | +€21,988 | |
| Income taxes | 67/77 | €124 | €1,391 | +€1,267 | +1,022% |
| Profit (loss) for the period | 9904 | -€14,478 | €6,243 | +€20,721 | |
| Transfer from tax-exempt reserves | 789 | - | €6,377 | +€6,377 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,478 | €12,620 | +€27,098 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.