Dries Staelens: 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 Staelens
Largest movements
- Tangible fixed assets +€59,193
up €59,193 (+21.3%), from €278,110 to €337,303
of which Furniture and vehicles: +€65,375
- Receivables within one year +€18,503
up €18,503 (+12.2%), from €152,140 to €170,643
of which Other amounts receivable: +€17,298
- Cash +€7,649
up €7,649 (+23.9%), from €32,066 to €39,715
mainly Other debts (+€83,923) and Net result for the year (+€43,476)
- Other debts +€83,923
up €83,923 (+1,321%), from €6,353 to €90,276
- Reserves -€56,524
down €56,524 (-32.1%), from €176,055 to €119,531
- Debts after one year +€32,923
up €32,923 (+14.2%), from €231,811 to €264,734
- Trade debts +€12,553
up €12,553 (+137%), from €9,147 to €21,700
- Current portion of long-term debt +€9,327
up €9,327 (+47.2%), from €19,771 to €29,097
- Gross operating margin -€5,393
down €5,393 (-5.6%), from €96,492 to €91,099
- Taxes +€2,615
up €2,615 (+20.3%), from €12,898 to €15,513
- Depreciation -€2,126
down €2,126 (-9.6%), from €22,181 to €20,056
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 | €462,519 | €549,542 | +€87,023 | +18.8% |
| Fixed assets | 21/28 | €278,110 | €337,303 | +€59,193 | +21.3% |
| Tangible fixed assets | 22/27 | €278,110 | €337,303 | +€59,193 | +21.3% |
| Land and buildings | 22 | €247,920 | €239,172 | -€8,748 | -3.5% |
| Plant, machinery and equipment | 23 | €6,352 | €8,919 | +€2,567 | +40.4% |
| Furniture and vehicles | 24 | €23,838 | €89,213 | +€65,375 | +274% |
| Current assets | 29/58 | €184,409 | €212,239 | +€27,830 | +15.1% |
| Amounts receivable within one year | 40/41 | €152,140 | €170,643 | +€18,503 | +12.2% |
| Trade receivables | 40 | €142,886 | €144,091 | +€1,205 | +0.8% |
| Other amounts receivable | 41 | €9,254 | €26,552 | +€17,298 | +187% |
| Cash at bank and in hand | 54/58 | €32,066 | €39,715 | +€7,649 | +23.9% |
| Deferred charges and accrued income | 490/1 | €203 | €1,881 | +€1,678 | +826% |
| Total equity and liabilities | 10/49 | €462,519 | €549,542 | +€87,023 | +18.8% |
| Equity | 10/15 | €181,055 | €124,531 | -€56,524 | -31.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €176,055 | €119,531 | -€56,524 | -32.1% |
| Distributable reserves | 133 | €176,055 | €119,531 | -€56,524 | -32.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €281,464 | €425,011 | +€143,547 | +51.0% |
| Amounts payable after more than one year | 17 | €231,811 | €264,734 | +€32,923 | +14.2% |
| Financial debts | 170/4 | €231,811 | €264,734 | +€32,923 | +14.2% |
| Amounts payable within one year | 42/48 | €48,453 | €157,925 | +€109,472 | +226% |
| Current portion of amounts payable after more than one year | 42 | €19,771 | €29,097 | +€9,327 | +47.2% |
| Trade debts | 44 | €9,147 | €21,700 | +€12,553 | +137% |
| Suppliers | 440/4 | €9,147 | €21,700 | +€12,553 | +137% |
| Taxes, remuneration and social security | 45 | €13,183 | €16,852 | +€3,669 | +27.8% |
| Taxes | 450/3 | €13,108 | €16,852 | +€3,744 | +28.6% |
| Remuneration and social security | 454/9 | €75 | €0 | -€75 | -100% |
| Other amounts payable | 47/48 | €6,353 | €90,276 | +€83,923 | +1,321% |
| Accrued charges and deferred income | 492/3 | €1,200 | €2,352 | +€1,152 | +96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,181 | €20,056 | -€2,126 | -9.6% |
| Other operating charges | 640/8 | €782 | €1,096 | +€315 | +40.2% |
| Gross operating margin | 9900 | €96,492 | €91,099 | -€5,393 | -5.6% |
| Operating profit (loss) | 9901 | €73,529 | €69,947 | -€3,582 | -4.9% |
| Financial income | 75/76B | €873 | €0 | -€873 | -100% |
| Recurring financial income | 75 | €873 | €0 | -€873 | -100% |
| Financial charges | 65/66B | €11,271 | €10,958 | -€313 | -2.8% |
| Recurring financial charges | 65 | €11,271 | €10,958 | -€313 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €63,131 | €58,989 | -€4,142 | -6.6% |
| Income taxes | 67/77 | €12,898 | €15,513 | +€2,615 | +20.3% |
| Profit (loss) for the period | 9904 | €50,233 | €43,476 | -€6,756 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,233 | €43,476 | -€6,756 | -13.4% |
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 29 October 2026 via checked.be.