Dries Dauwe: 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 Dauwe
Largest movements
- Cash +€24,826
up €24,826 (+99.3%), from €24,990 to €49,816
mainly Net result for the year (+€46,502) and Current portion of long-term debt (+€14,644)
- Receivables within one year +€16,064
up €16,064 (+58.2%), from €27,580 to €43,644
of which Trade receivables: +€16,176
- Current investments -€6,000
down €6,000 (-25.0%), from €24,000 to €18,000
- Reserves +€46,502
up €46,502 (+21.4%), from €217,805 to €264,307
- Other debts -€21,803
down €21,803 (-44.3%), from €49,188 to €27,385
- Current portion of long-term debt +€14,644
up €14,644 (+206%), from €7,123 to €21,767
- Debts after one year +€6,408
up €6,408 (+3.3%), from €197,095 to €203,502
- Gross operating margin +€77,973
up €77,973 (+1,173%), from €6,646 to €84,618
- Taxes +€15,173
up €15,173, from -€292 to €14,881
- Depreciation +€8,347
up €8,347 (+208%), from €4,005 to €12,352
- Financial charges +€4,690
up €4,690 (+75.1%), from €6,243 to €10,932
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 | €482,150 | €527,162 | +€45,012 | +9.3% |
| Fixed assets | 21/28 | €326,413 | €331,528 | +€5,115 | +1.6% |
| Tangible fixed assets | 22/27 | €325,913 | €331,028 | +€5,115 | +1.6% |
| Land and buildings | 22 | €320,712 | €311,309 | -€9,402 | -2.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,201 | €19,719 | +€14,518 | +279% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €155,737 | €195,633 | +€39,896 | +25.6% |
| Stocks and contracts in progress | 3 | €78,059 | €82,670 | +€4,612 | +5.9% |
| Stocks | 30/36 | €78,059 | €82,670 | +€4,612 | +5.9% |
| Amounts receivable within one year | 40/41 | €27,580 | €43,644 | +€16,064 | +58.2% |
| Trade receivables | 40 | €27,400 | €43,576 | +€16,176 | +59.0% |
| Other amounts receivable | 41 | €180 | €68 | -€112 | -62.2% |
| Current investments | 50/53 | €24,000 | €18,000 | -€6,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €24,990 | €49,816 | +€24,826 | +99.3% |
| Deferred charges and accrued income | 490/1 | €1,108 | €1,503 | +€395 | +35.7% |
| Total equity and liabilities | 10/49 | €482,150 | €527,162 | +€45,012 | +9.3% |
| Equity | 10/15 | €218,805 | €265,307 | +€46,502 | +21.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €217,805 | €264,307 | +€46,502 | +21.4% |
| Distributable reserves | 133 | €217,805 | €264,307 | +€46,502 | +21.4% |
| Amounts payable | 17/49 | €263,344 | €261,854 | -€1,490 | -0.6% |
| Amounts payable after more than one year | 17 | €197,095 | €203,502 | +€6,408 | +3.3% |
| Financial debts | 170/4 | €197,095 | €203,502 | +€6,408 | +3.3% |
| Amounts payable within one year | 42/48 | €62,648 | €56,993 | -€5,656 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €7,123 | €21,767 | +€14,644 | +206% |
| Financial debts | 43 | €16 | €16 | = | 0.0% |
| Credit institutions | 430/8 | €16 | €16 | = | 0.0% |
| Trade debts | 44 | €4,736 | €2,299 | -€2,437 | -51.5% |
| Suppliers | 440/4 | €4,736 | €2,299 | -€2,437 | -51.5% |
| Taxes, remuneration and social security | 45 | €1,585 | €5,525 | +€3,940 | +249% |
| Taxes | 450/3 | €1,585 | €5,525 | +€3,940 | +249% |
| Other amounts payable | 47/48 | €49,188 | €27,385 | -€21,803 | -44.3% |
| Accrued charges and deferred income | 492/3 | €3,601 | €1,360 | -€2,242 | -62.2% |
| Non-recurring operating income | 76A | - | €3,183 | +€3,183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,005 | €12,352 | +€8,347 | +208% |
| Other operating charges | 640/8 | €1,276 | €832 | -€444 | -34.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €6,646 | €84,618 | +€77,973 | +1,173% |
| Operating profit (loss) | 9901 | €1,365 | €71,434 | +€70,069 | +5,135% |
| Financial income | 75/76B | €688 | €882 | +€194 | +28.1% |
| Recurring financial income | 75 | €688 | €882 | +€194 | +28.1% |
| Financial charges | 65/66B | €6,243 | €10,932 | +€4,690 | +75.1% |
| Recurring financial charges | 65 | €6,243 | €10,932 | +€4,690 | +75.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,190 | €61,383 | +€65,573 | |
| Income taxes | 67/77 | -€292 | €14,881 | +€15,173 | |
| Profit (loss) for the period | 9904 | -€3,898 | €46,502 | +€50,400 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,898 | €46,502 | +€50,400 |
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 19 October 2026 via checked.be.