DRIES VAN NOTEN GROUP: what changed
What changed
DRIES VAN NOTEN GROUP
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€12.9m
2024 · €472,809+€12.4m
Equity
€202.4m
2024 · €189.5m+€12.9m
Cash
-
2024 · €1.5m-€1.5m
Balance sheet total
€212.0m
2024 · €235.2m-€23.2m
Largest movements
Assets
- Financial fixed assets -€22.2m
down €22.2m (-9.6%), from €231.4m to €209.2m
Equity and liabilities
- Debts after one year -€39.8m
no longer reported in 2025 (was €39.8m)
- Profit (loss) carried forward +€12.2m
up €12.2m (+78.8%), from €15.5m to €27.8m
- Other debts +€8.0m
new in 2025: €8.0m
- Current portion of long-term debt -€3.3m
no longer reported in 2025 (was €3.3m)
Income statement
- Financial income +€12.3m
up €12.3m (+864%), from €1.4m to €13.7m
of which Non-recurring financial income: +€7.6m
- Turnover -€1.2m
down €1.2m (-24.8%), from €4.8m to €3.6m
- Financial charges -€981,170
down €981,170 (-46.0%), from €2.1m to €1.2m
- Staff costs -€254,003
down €254,003 (-9.7%), from €2.6m to €2.4m
- Provisions +€95,432
up €95,432 (+63.2%), from €151,049 to €246,482
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€472,809
Turnover
-€1.2m
Other operating income
-€3,282
Services and other goods
+€86,638
Staff costs
+€254,003
Depreciation
+€1,758
Provisions
-€95,432
Other operating charges
+€830
Other operating items
+€33,401
Financial income
+€12.3m
Financial charges
+€981,170
Taxes
+€58,819
Result 2025
€12.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€19.5m
Investment
+€22.2m
Financing
-€43.2m
Cash 2024
€1.5m
From operations (derived)
+€19.5m
Net result for the year
+€12.9m
Depreciation
+€6,993
Receivables within one year
-€535,645
Smaller working-capital items
+€4,107
Provisions
-€245,005
Trade debts
-€1.1m
Tax, wage and social debts
+€455,210
Other debts
+€8.0m
Investment (derived)
+€22.2m
Investment in fixed assets (net)
+€22.2m
Financing
-€43.2m
Debts after one year
-€39.8m
Current portion of long-term debt
-€3.3m
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,237,311 | €212,036,383 | -€23.2m | -9.9% |
| Fixed assets | 21/28 | €231,416,558 | €209,172,708 | -€22.2m | -9.6% |
| Intangible fixed assets | 21 | - | €279 | +€279 | |
| Tangible fixed assets | 22/27 | €16,558 | €10,681 | -€5,877 | -35.5% |
| Furniture and vehicles | 24 | €304 | - | -€304 | |
| Leasing and similar rights | 25 | €16,254 | €10,681 | -€5,573 | -34.3% |
| Financial fixed assets | 28 | €231,400,000 | €209,161,748 | -€22.2m | -9.6% |
| Affiliated companies | 280/1 | €231,400,000 | €209,161,748 | -€22.2m | -9.6% |
| Participating interests | 280 | €231,400,000 | €209,161,748 | -€22.2m | -9.6% |
| Current assets | 29/58 | €3,820,753 | €2,863,675 | -€957,078 | -25.0% |
| Amounts receivable within one year | 40/41 | €2,326,159 | €2,861,804 | +€535,645 | +23.0% |
| Trade receivables | 40 | €592,900 | - | -€592,900 | |
| Other amounts receivable | 41 | €1,733,259 | €2,861,804 | +€1.1m | +65.1% |
| Cash at bank and in hand | 54/58 | €1,488,616 | - | -€1.5m | |
| Deferred charges and accrued income | 490/1 | €5,978 | €1,871 | -€4,107 | -68.7% |
| Total equity and liabilities | 10/49 | €235,237,311 | €212,036,383 | -€23.2m | -9.9% |
| Equity | 10/15 | €189,519,420 | €202,396,122 | +€12.9m | +6.8% |
| Contributions | 10/11 | €173,000,000 | €173,000,000 | = | 0.0% |
| Capital | 10 | €173,000,000 | €173,000,000 | = | 0.0% |
| Issued capital | 100 | €173,000,000 | €173,000,000 | = | 0.0% |
| Reserves | 13 | €995,000 | €1,645,000 | +€650,000 | +65.3% |
| Non-distributable reserves | 130/1 | €995,000 | €1,645,000 | +€650,000 | +65.3% |
| Legal reserve | 130 | €995,000 | €1,645,000 | +€650,000 | +65.3% |
| Profit (loss) carried forward | 14 | €15,524,420 | €27,751,122 | +€12.2m | +78.8% |
| Provisions and deferred taxes | 16 | €523,048 | €278,043 | -€245,005 | -46.8% |
| Provisions for liabilities and charges | 160/5 | €523,048 | €278,043 | -€245,005 | -46.8% |
| Pensions and similar obligations | 160 | €523,048 | €278,043 | -€245,005 | -46.8% |
| Amounts payable | 17/49 | €45,194,843 | €9,362,218 | -€35.8m | -79.3% |
| Amounts payable after more than one year | 17 | €39,840,000 | - | -€39.8m | |
| Financial debts | 170/4 | €39,840,000 | - | -€39.8m | |
| Other loans | 174 | €39,840,000 | - | -€39.8m | |
| Amounts payable within one year | 42/48 | €5,354,843 | €9,362,218 | +€4.0m | +74.8% |
| Current portion of amounts payable after more than one year | 42 | €3,338,052 | - | -€3.3m | |
| Trade debts | 44 | €1,141,692 | €52,026 | -€1.1m | -95.4% |
| Suppliers | 440/4 | €1,141,692 | €52,026 | -€1.1m | -95.4% |
| Taxes, remuneration and social security | 45 | €875,099 | €1,330,309 | +€455,210 | +52.0% |
| Taxes | 450/3 | €107,773 | €329,696 | +€221,923 | +206% |
| Remuneration and social security | 454/9 | €767,327 | €1,000,613 | +€233,287 | +30.4% |
| Other amounts payable | 47/48 | - | €7,979,883 | +€8.0m | |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Operating income | 70/76A | €4,801,788 | €3,640,456 | -€1.2m | -24.2% |
| Turnover | 70 | €4,798,506 | €3,607,055 | -€1.2m | -24.8% |
| Other operating income | 74 | €3,282 | - | -€3,282 | |
| Non-recurring operating income | 76A | - | €33,401 | +€33,401 | |
| Operating charges | 60/66A | €3,624,216 | €3,376,420 | -€247,796 | -6.8% |
| Services and other goods | 61 | €848,313 | €761,675 | -€86,638 | -10.2% |
| Remuneration, social security and pensions | 62 | €2,614,548 | €2,360,546 | -€254,003 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,751 | €6,993 | -€1,758 | -20.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €151,049 | €246,482 | +€95,432 | +63.2% |
| Other operating charges | 640/8 | €1,554 | €724 | -€830 | -53.4% |
| Operating profit (loss) | 9901 | €1,177,572 | €264,036 | -€913,536 | -77.6% |
| Financial income | 75/76B | €1,420,494 | €13,697,934 | +€12.3m | +864% |
| Recurring financial income | 75 | €1,420,494 | €6,146,645 | +€4.7m | +333% |
| Income from financial fixed assets | 750 | €1,420,492 | €6,145,729 | +€4.7m | +333% |
| Other financial income | 752/9 | €2 | €916 | +€914 | +44,387% |
| Non-recurring financial income | 76B | - | €7,551,289 | +€7.6m | |
| Financial charges | 65/66B | €2,132,762 | €1,151,593 | -€981,170 | -46.0% |
| Recurring financial charges | 65 | €2,132,762 | €1,151,593 | -€981,170 | -46.0% |
| Debt charges | 650 | €2,131,082 | €1,148,450 | -€982,632 | -46.1% |
| Other financial charges | 652/9 | €1,680 | €3,142 | +€1,462 | +87.0% |
| Profit (loss) for the period before taxes | 9903 | €465,304 | €12,810,378 | +€12.3m | +2,653% |
| Income taxes | 67/77 | -€7,505 | -€66,323 | -€58,819 | -784% |
| Tax adjustments and reversals of tax provisions | 77 | €7,505 | €66,323 | +€58,819 | +784% |
| Profit (loss) for the period | 9904 | €472,809 | €12,876,701 | +€12.4m | +2,623% |
| Profit (loss) for the period to be appropriated | 9905 | €472,809 | €12,876,701 | +€12.4m | +2,623% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.