Dries Delarue: 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 Delarue
Largest movements
- Tangible fixed assets +€5,964
up €5,964 (+27.7%), from €21,507 to €27,471
of which Furniture and vehicles: +€14,400
- Receivables within one year +€3,143
up €3,143 (+38.5%), from €8,158 to €11,301
- Stocks and contracts -€2,750
down €2,750 (-14.6%), from €18,800 to €16,050
- Cash -€1,654
down €1,654 (-9.6%), from €17,154 to €15,500
mainly Investment in fixed assets (net) (-€18,000) and Trade debts (-€4,214)
- Tax, wage and social debts +€6,769
up €6,769 (+112%), from €6,029 to €12,798
of which Taxes: +€4,106
- Reserves +€6,445
up €6,445 (+83.3%), from €7,742 to €14,187
- Trade debts -€4,214
down €4,214 (-56.0%), from €7,522 to €3,308
- Debts after one year -€3,602
down €3,602 (-25.5%), from €14,136 to €10,533
- Gross operating margin +€8,970
up €8,970 (+58.2%), from €15,414 to €24,384
- Depreciation +€8,234
up €8,234 (+217%), from €3,802 to €12,036
- Financial charges +€843
up €843 (+58.3%), from €1,446 to €2,289
- Other operating charges +€832
up €832 (+85.8%), from €970 to €1,802
- Financial income -€640
down €640 (-100%), from €640 to €0
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 | €65,618 | €70,321 | +€4,702 | +7.2% |
| Fixed assets | 21/28 | €21,507 | €27,471 | +€5,964 | +27.7% |
| Tangible fixed assets | 22/27 | €21,507 | €27,471 | +€5,964 | +27.7% |
| Furniture and vehicles | 24 | - | €14,400 | +€14,400 | |
| Other tangible fixed assets | 26 | €21,507 | €13,071 | -€8,436 | -39.2% |
| Current assets | 29/58 | €44,111 | €42,850 | -€1,261 | -2.9% |
| Stocks and contracts in progress | 3 | €18,800 | €16,050 | -€2,750 | -14.6% |
| Stocks | 30/36 | €18,800 | €16,050 | -€2,750 | -14.6% |
| Amounts receivable within one year | 40/41 | €8,158 | €11,301 | +€3,143 | +38.5% |
| Trade receivables | 40 | €8,158 | €11,301 | +€3,143 | +38.5% |
| Cash at bank and in hand | 54/58 | €17,154 | €15,500 | -€1,654 | -9.6% |
| Total equity and liabilities | 10/49 | €65,618 | €70,321 | +€4,702 | +7.2% |
| Equity | 10/15 | €12,742 | €19,187 | +€6,445 | +50.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,742 | €14,187 | +€6,445 | +83.3% |
| Distributable reserves | 133 | €7,742 | €14,187 | +€6,445 | +83.3% |
| Amounts payable | 17/49 | €52,877 | €51,134 | -€1,743 | -3.3% |
| Amounts payable after more than one year | 17 | €14,136 | €10,533 | -€3,602 | -25.5% |
| Financial debts | 170/4 | €14,136 | €10,533 | -€3,602 | -25.5% |
| Amounts payable within one year | 42/48 | €38,741 | €40,601 | +€1,860 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €4,052 | €3,909 | -€143 | -3.5% |
| Trade debts | 44 | €7,522 | €3,308 | -€4,214 | -56.0% |
| Suppliers | 440/4 | €7,522 | €3,308 | -€4,214 | -56.0% |
| Taxes, remuneration and social security | 45 | €6,029 | €12,798 | +€6,769 | +112% |
| Taxes | 450/3 | €6,029 | €10,134 | +€4,106 | +68.1% |
| Remuneration and social security | 454/9 | - | €2,664 | +€2,664 | |
| Other amounts payable | 47/48 | €21,138 | €20,586 | -€552 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,802 | €12,036 | +€8,234 | +217% |
| Other operating charges | 640/8 | €970 | €1,802 | +€832 | +85.8% |
| Gross operating margin | 9900 | €15,414 | €24,384 | +€8,970 | +58.2% |
| Operating profit (loss) | 9901 | €10,642 | €10,545 | -€96 | -0.9% |
| Financial income | 75/76B | €640 | €0 | -€640 | -100% |
| Recurring financial income | 75 | €640 | €0 | -€640 | -100% |
| Financial charges | 65/66B | €1,446 | €2,289 | +€843 | +58.3% |
| Recurring financial charges | 65 | €1,446 | €2,289 | +€843 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €9,836 | €8,257 | -€1,580 | -16.1% |
| Income taxes | 67/77 | €2,095 | €1,812 | -€283 | -13.5% |
| Profit (loss) for the period | 9904 | €7,742 | €6,445 | -€1,296 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,742 | €6,445 | -€1,296 | -16.7% |
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 25 October 2026 via checked.be.