Dries Telen: what changed
Two fiscal 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 Telen
Largest movements
- Cash +€27,391
up €27,391 (+38.8%), from €70,576 to €97,967
mainly Net result for the year (+€58,799) and Depreciation (+€12,019)
- Receivables within one year +€13,725
up €13,725 (+61.7%), from €22,234 to €35,959
- Current investments +€13,658
up €13,658 (+91.2%), from €14,977 to €28,635
- Tangible fixed assets -€5,602
down €5,602 (-24.4%), from €23,001 to €17,399
of which Furniture and vehicles: -€10,142
- Reserves +€58,799
up €58,799 (+72.7%), from €80,924 to €139,723
- Tax, wage and social debts -€6,521
down €6,521 (-15.6%), from €41,861 to €35,340
- Trade debts -€2,055
down €2,055 (-30.3%), from €6,774 to €4,719
- Gross operating margin -€29,639
down €29,639 (-24.1%), from €123,232 to €93,593
- Taxes -€7,621
down €7,621 (-26.8%), from €28,431 to €20,810
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 | €133,623 | €182,782 | +€49,159 | +36.8% |
| Fixed assets | 21/28 | €23,001 | €17,399 | -€5,602 | -24.4% |
| Tangible fixed assets | 22/27 | €23,001 | €17,399 | -€5,602 | -24.4% |
| Plant, machinery and equipment | 23 | €3,245 | €2,390 | -€855 | -26.3% |
| Furniture and vehicles | 24 | €19,756 | €9,614 | -€10,142 | -51.3% |
| Other tangible fixed assets | 26 | - | €5,395 | +€5,395 | |
| Current assets | 29/58 | €110,622 | €165,383 | +€54,761 | +49.5% |
| Amounts receivable within one year | 40/41 | €22,234 | €35,959 | +€13,725 | +61.7% |
| Other amounts receivable | 41 | €22,234 | €35,959 | +€13,725 | +61.7% |
| Current investments | 50/53 | €14,977 | €28,635 | +€13,658 | +91.2% |
| Cash at bank and in hand | 54/58 | €70,576 | €97,967 | +€27,391 | +38.8% |
| Deferred charges and accrued income | 490/1 | €2,835 | €2,822 | -€13 | -0.5% |
| Total equity and liabilities | 10/49 | €133,623 | €182,782 | +€49,159 | +36.8% |
| Equity | 10/15 | €83,924 | €142,723 | +€58,799 | +70.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €80,924 | €139,723 | +€58,799 | +72.7% |
| Distributable reserves | 133 | €80,924 | €139,723 | +€58,799 | +72.7% |
| Amounts payable | 17/49 | €49,699 | €40,059 | -€9,640 | -19.4% |
| Amounts payable within one year | 42/48 | €48,697 | €40,059 | -€8,638 | -17.7% |
| Trade debts | 44 | €6,774 | €4,719 | -€2,055 | -30.3% |
| Suppliers | 440/4 | €6,774 | €4,719 | -€2,055 | -30.3% |
| Taxes, remuneration and social security | 45 | €41,861 | €35,340 | -€6,521 | -15.6% |
| Taxes | 450/3 | €41,861 | €35,340 | -€6,521 | -15.6% |
| Other amounts payable | 47/48 | €62 | - | -€62 | |
| Accrued charges and deferred income | 492/3 | €1,002 | - | -€1,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,233 | €12,019 | +€786 | +7.0% |
| Other operating charges | 640/8 | €1,436 | €812 | -€624 | -43.5% |
| Gross operating margin | 9900 | €123,232 | €93,593 | -€29,639 | -24.1% |
| Operating profit (loss) | 9901 | €110,563 | €80,762 | -€29,801 | -27.0% |
| Financial charges | 65/66B | €1,208 | €1,153 | -€55 | -4.6% |
| Recurring financial charges | 65 | €1,208 | €1,153 | -€55 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €109,355 | €79,609 | -€29,746 | -27.2% |
| Income taxes | 67/77 | €28,431 | €20,810 | -€7,621 | -26.8% |
| Profit (loss) for the period | 9904 | €80,924 | €58,799 | -€22,125 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,924 | €58,799 | -€22,125 | -27.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.