DRIES REDEE: 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 REDEE
Largest movements
- Cash -€606,097
down €606,097 (-81.8%), from €741,377 to €135,280
mainly Current investments (-€370,000) and Contributions, distributions and other (-€219,851)
- Current investments +€370,000
new in 2025: €370,000
- Receivables within one year +€10,020
up €10,020 (+42.7%), from €23,446 to €33,466
- Reserves -€147,582
down €147,582 (-34.0%), from €434,703 to €287,121
- Other debts -€64,343
down €64,343 (-22.6%), from €284,194 to €219,851
- Tax, wage and social debts -€14,915
down €14,915 (-33.6%), from €44,420 to €29,505
- Gross operating margin -€215,026
down €215,026 (-67.9%), from €316,788 to €101,762
- Taxes -€47,049
down €47,049 (-61.5%), from €76,554 to €29,505
- Depreciation -€4,273
down €4,273 (-80.7%), from €5,298 to €1,025
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 | €768,113 | €539,811 | -€228,302 | -29.7% |
| Fixed assets | 21/28 | €1,855 | €830 | -€1,025 | -55.3% |
| Tangible fixed assets | 22/27 | €1,855 | €830 | -€1,025 | -55.3% |
| Furniture and vehicles | 24 | €1,855 | €830 | -€1,025 | -55.3% |
| Current assets | 29/58 | €766,258 | €538,981 | -€227,277 | -29.7% |
| Amounts receivable within one year | 40/41 | €23,446 | €33,466 | +€10,020 | +42.7% |
| Other amounts receivable | 41 | €23,446 | €33,466 | +€10,020 | +42.7% |
| Current investments | 50/53 | - | €370,000 | +€370,000 | |
| Cash at bank and in hand | 54/58 | €741,377 | €135,280 | -€606,097 | -81.8% |
| Deferred charges and accrued income | 490/1 | €1,435 | €235 | -€1,200 | -83.6% |
| Total equity and liabilities | 10/49 | €768,113 | €539,811 | -€228,302 | -29.7% |
| Equity | 10/15 | €437,703 | €290,121 | -€147,582 | -33.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €434,703 | €287,121 | -€147,582 | -34.0% |
| Distributable reserves | 133 | €434,703 | €287,121 | -€147,582 | -34.0% |
| Amounts payable | 17/49 | €330,410 | €249,690 | -€80,720 | -24.4% |
| Amounts payable within one year | 42/48 | €330,017 | €249,690 | -€80,327 | -24.3% |
| Trade debts | 44 | €1,403 | €334 | -€1,069 | -76.2% |
| Suppliers | 440/4 | €1,403 | €334 | -€1,069 | -76.2% |
| Taxes, remuneration and social security | 45 | €44,420 | €29,505 | -€14,915 | -33.6% |
| Taxes | 450/3 | €44,420 | €29,505 | -€14,915 | -33.6% |
| Other amounts payable | 47/48 | €284,194 | €219,851 | -€64,343 | -22.6% |
| Accrued charges and deferred income | 492/3 | €393 | - | -€393 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,298 | €1,025 | -€4,273 | -80.7% |
| Other operating charges | 640/8 | €684 | €847 | +€163 | +23.9% |
| Gross operating margin | 9900 | €316,788 | €101,762 | -€215,026 | -67.9% |
| Operating profit (loss) | 9901 | €310,806 | €99,890 | -€210,916 | -67.9% |
| Financial income | 75/76B | €3,850 | €1,990 | -€1,860 | -48.3% |
| Recurring financial income | 75 | €3,850 | €1,990 | -€1,860 | -48.3% |
| Financial charges | 65/66B | €118 | €107 | -€11 | -9.1% |
| Recurring financial charges | 65 | €118 | €107 | -€11 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €314,539 | €101,773 | -€212,766 | -67.6% |
| Income taxes | 67/77 | €76,554 | €29,505 | -€47,049 | -61.5% |
| Profit (loss) for the period | 9904 | €237,985 | €72,268 | -€165,717 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €237,985 | €72,268 | -€165,717 | -69.6% |
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 19 October 2026 via checked.be.