Dries Van Riel: 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 Van Riel
Largest movements
- Receivables within one year +€43,203
up €43,203 (+276%), from €15,673 to €58,876
of which Trade receivables: +€36,904
- Tangible fixed assets +€35,533
up €35,533 (+17.0%), from €209,415 to €244,948
of which Furniture and vehicles: +€38,021
- Cash -€8,279
down €8,279 (-51.9%), from €15,964 to €7,685
mainly Investment in fixed assets (net) (-€51,116) and Receivables within one year (-€43,203)
- Trade debts +€30,833
up €30,833 (+1,162%), from €2,654 to €33,488
- Reserves +€24,593
up €24,593 (+86.4%), from €28,452 to €53,046
- Debts after one year +€19,143
up €19,143 (+13.4%), from €143,338 to €162,480
- Other debts -€13,525
down €13,525 (-40.0%), from €33,788 to €20,263
- Current portion of long-term debt +€7,705
up €7,705 (+59.5%), from €12,944 to €20,649
- Gross operating margin +€5,717
up €5,717 (+12.2%), from €46,749 to €52,467
- Taxes +€3,685
up €3,685 (+115%), from €3,198 to €6,884
- Depreciation +€1,217
up €1,217 (+8.5%), from €14,365 to €15,582
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 | €251,229 | €322,118 | +€70,889 | +28.2% |
| Fixed assets | 21/28 | €209,415 | €244,948 | +€35,533 | +17.0% |
| Tangible fixed assets | 22/27 | €209,415 | €244,948 | +€35,533 | +17.0% |
| Land and buildings | 22 | €206,918 | €194,490 | -€12,428 | -6.0% |
| Plant, machinery and equipment | 23 | €1,892 | €11,833 | +€9,941 | +525% |
| Furniture and vehicles | 24 | €604 | €38,625 | +€38,021 | +6,291% |
| Current assets | 29/58 | €41,814 | €77,170 | +€35,356 | +84.6% |
| Stocks and contracts in progress | 3 | €3,330 | €3,118 | -€213 | -6.4% |
| Stocks | 30/36 | €3,330 | €3,118 | -€213 | -6.4% |
| Amounts receivable within one year | 40/41 | €15,673 | €58,876 | +€43,203 | +276% |
| Trade receivables | 40 | €1,198 | €38,101 | +€36,904 | +3,082% |
| Other amounts receivable | 41 | €14,476 | €20,775 | +€6,299 | +43.5% |
| Cash at bank and in hand | 54/58 | €15,964 | €7,685 | -€8,279 | -51.9% |
| Deferred charges and accrued income | 490/1 | €6,846 | €7,491 | +€645 | +9.4% |
| Total equity and liabilities | 10/49 | €251,229 | €322,118 | +€70,889 | +28.2% |
| Equity | 10/15 | €58,452 | €83,046 | +€24,593 | +42.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €28,452 | €53,046 | +€24,593 | +86.4% |
| Distributable reserves | 133 | €28,452 | €53,046 | +€24,593 | +86.4% |
| Amounts payable | 17/49 | €192,776 | €239,072 | +€46,296 | +24.0% |
| Amounts payable after more than one year | 17 | €143,338 | €162,480 | +€19,143 | +13.4% |
| Financial debts | 170/4 | €143,338 | €162,480 | +€19,143 | +13.4% |
| Amounts payable within one year | 42/48 | €49,439 | €76,592 | +€27,154 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €12,944 | €20,649 | +€7,705 | +59.5% |
| Trade debts | 44 | €2,654 | €33,488 | +€30,833 | +1,162% |
| Suppliers | 440/4 | €2,654 | €33,488 | +€30,833 | +1,162% |
| Taxes, remuneration and social security | 45 | €52 | €2,192 | +€2,140 | +4,099% |
| Taxes | 450/3 | €52 | €62 | +€10 | +19.0% |
| Remuneration and social security | 454/9 | - | €2,130 | +€2,130 | |
| Other amounts payable | 47/48 | €33,788 | €20,263 | -€13,525 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,365 | €15,582 | +€1,217 | +8.5% |
| Other operating charges | 640/8 | €1,897 | €1,897 | -€0 | 0.0% |
| Gross operating margin | 9900 | €46,749 | €52,467 | +€5,717 | +12.2% |
| Operating profit (loss) | 9901 | €30,487 | €34,988 | +€4,500 | +14.8% |
| Financial income | 75/76B | €107 | €156 | +€49 | +46.2% |
| Recurring financial income | 75 | €107 | €156 | +€49 | +46.2% |
| Financial charges | 65/66B | €3,836 | €3,667 | -€169 | -4.4% |
| Recurring financial charges | 65 | €3,836 | €3,667 | -€169 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €26,758 | €31,477 | +€4,719 | +17.6% |
| Income taxes | 67/77 | €3,198 | €6,884 | +€3,685 | +115% |
| Profit (loss) for the period | 9904 | €23,559 | €24,593 | +€1,034 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,559 | €24,593 | +€1,034 | +4.4% |
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 16 October 2026 via checked.be.