Dries Degrande: 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 Degrande
Largest movements
- Cash +€35,009
up €35,009 (+881.6%), from €3,971 to €38,980
mainly Net result for the year (+€40,368) and Tax, wage and social debts (+€13,980)
- Tangible fixed assets +€10,431
up €10,431 (+108.2%), from €9,644 to €20,074
of which Furniture and vehicles: +€10,290
- Current investments -€4,993
down €4,993 (-100.0%), from €4,993 to €0
- Receivables within one year +€4,687
up €4,687 (+29.9%), from €15,651 to €20,338
of which Trade receivables: +€5,093
- Profit (loss) carried forward +€34,476
up €34,476, from -€34,476 to €0
- Tax, wage and social debts +€13,980
up €13,980 (+425.6%), from €3,285 to €17,265
- Reserves -€5,873
down €5,873 (-9.0%), from €65,233 to €59,360
- Trade debts +€1,873
up €1,873 (+503.2%), from €372 to €2,245
- Gross operating margin +€83,569
up €83,569, from -€19,748 to €63,822
- Taxes +€11,904
up €11,904 (+17304.6%), from €69 to €11,973
- Depreciation -€3,784
down €3,784 (-30.4%), from €12,452 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.
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 | €37,880 | €82,090 | +€44,210 | +116.7% |
| Fixed assets | 21/28 | €11,889 | €22,074 | +€10,185 | +85.7% |
| Intangible fixed assets | 21 | €245 | €0 | -€245 | -100.0% |
| Tangible fixed assets | 22/27 | €9,644 | €20,074 | +€10,431 | +108.2% |
| Plant, machinery and equipment | 23 | €9,644 | €9,784 | +€141 | +1.5% |
| Furniture and vehicles | 24 | - | €10,290 | +€10,290 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €25,991 | €60,016 | +€34,025 | +130.9% |
| Amounts receivable within one year | 40/41 | €15,651 | €20,338 | +€4,687 | +29.9% |
| Trade receivables | 40 | €5,808 | €10,901 | +€5,093 | +87.7% |
| Other amounts receivable | 41 | €9,843 | €9,437 | -€406 | -4.1% |
| Current investments | 50/53 | €4,993 | €0 | -€4,993 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,971 | €38,980 | +€35,009 | +881.6% |
| Deferred charges and accrued income | 490/1 | €1,375 | €698 | -€677 | -49.2% |
| Total equity and liabilities | 10/49 | €37,880 | €82,090 | +€44,210 | +116.7% |
| Equity | 10/15 | €33,757 | €62,360 | +€28,603 | +84.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €65,233 | €59,360 | -€5,873 | -9.0% |
| Distributable reserves | 133 | €65,233 | €59,360 | -€5,873 | -9.0% |
| Profit (loss) carried forward | 14 | -€34,476 | €0 | +€34,476 | |
| Amounts payable | 17/49 | €4,123 | €19,730 | +€15,607 | +378.5% |
| Amounts payable within one year | 42/48 | €3,657 | €19,667 | +€16,010 | +437.8% |
| Trade debts | 44 | €372 | €2,245 | +€1,873 | +503.2% |
| Suppliers | 440/4 | €372 | €2,245 | +€1,873 | +503.2% |
| Taxes, remuneration and social security | 45 | €3,285 | €17,265 | +€13,980 | +425.6% |
| Taxes | 450/3 | €3,285 | €17,265 | +€13,980 | +425.6% |
| Other amounts payable | 47/48 | - | €157 | +€157 | |
| Accrued charges and deferred income | 492/3 | €466 | €64 | -€402 | -86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,452 | €8,667 | -€3,784 | -30.4% |
| Other operating charges | 640/8 | €783 | €881 | +€99 | +12.6% |
| Non-recurring operating charges | 66A | - | €1,140 | +€1,140 | |
| Gross operating margin | 9900 | -€19,748 | €63,822 | +€83,569 | |
| Operating profit (loss) | 9901 | -€32,982 | €53,133 | +€86,115 | |
| Financial income | 75/76B | €4 | €58 | +€54 | +1208.3% |
| Recurring financial income | 75 | €4 | €58 | +€54 | +1208.3% |
| Financial charges | 65/66B | €1,430 | €850 | -€579 | -40.5% |
| Recurring financial charges | 65 | €1,430 | €850 | -€579 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,407 | €52,340 | +€86,748 | |
| Income taxes | 67/77 | €69 | €11,973 | +€11,904 | +17304.6% |
| Profit (loss) for the period | 9904 | -€34,476 | €40,368 | +€74,844 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,476 | €40,368 | +€74,844 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.