DRIESKENS MICHAËL: 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.
DRIESKENS MICHAËL
Largest movements
- Receivables after one year +€250,000
new in 2025: €250,000
- Cash +€24,435
up €24,435 (+32.4%), from €75,401 to €99,835
mainly Debts after one year (+€162,401) and Current portion of long-term debt (+€37,600)
- Receivables within one year -€23,971
down €23,971 (-87.5%), from €27,408 to €3,437
of which Trade receivables: -€16,532
- Tangible fixed assets -€16,127
down €16,127 (-13.2%), from €121,809 to €105,682
of which Furniture and vehicles: -€24,408
- Debts after one year +€162,401
new in 2025: €162,401
- Current portion of long-term debt +€37,600
new in 2025: €37,600
- Other debts +€14,846
up €14,846 (+17.5%), from €84,912 to €99,757
- Reserves +€11,152
up €11,152 (+9.4%), from €118,029 to €129,181
- Tax, wage and social debts +€8,509
up €8,509 (+189.4%), from €4,493 to €13,002
of which Taxes: +€8,509
- Gross operating margin -€18,520
down €18,520 (-25.8%), from €71,649 to €53,129
- Depreciation +€15,448
up €15,448 (+105.8%), from €14,603 to €30,051
- Taxes -€9,561
down €9,561 (-67.7%), from €14,124 to €4,563
- Financial charges +€1,030
up €1,030 (+17.2%), from €5,978 to €7,008
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 | €225,882 | €460,887 | +€235,005 | +104.0% |
| Fixed assets | 21/28 | €121,809 | €106,682 | -€15,127 | -12.4% |
| Tangible fixed assets | 22/27 | €121,809 | €105,682 | -€16,127 | -13.2% |
| Land and buildings | 22 | €7,839 | €5,226 | -€2,613 | -33.3% |
| Plant, machinery and equipment | 23 | €6,311 | €17,205 | +€10,894 | +172.6% |
| Furniture and vehicles | 24 | €107,659 | €83,250 | -€24,408 | -22.7% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €104,074 | €354,206 | +€250,132 | +240.3% |
| Amounts receivable after more than one year | 29 | - | €250,000 | +€250,000 | |
| Other amounts receivable | 291 | - | €250,000 | +€250,000 | |
| Amounts receivable within one year | 40/41 | €27,408 | €3,437 | -€23,971 | -87.5% |
| Trade receivables | 40 | €16,532 | - | -€16,532 | |
| Other amounts receivable | 41 | €10,876 | €3,437 | -€7,439 | -68.4% |
| Cash at bank and in hand | 54/58 | €75,401 | €99,835 | +€24,435 | +32.4% |
| Deferred charges and accrued income | 490/1 | €1,265 | €933 | -€331 | -26.2% |
| Total equity and liabilities | 10/49 | €225,882 | €460,887 | +€235,005 | +104.0% |
| Equity | 10/15 | €132,289 | €143,441 | +€11,152 | +8.4% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €118,029 | €129,181 | +€11,152 | +9.4% |
| Distributable reserves | 133 | €118,029 | €129,181 | +€11,152 | +9.4% |
| Amounts payable | 17/49 | €93,593 | €317,446 | +€223,853 | +239.2% |
| Amounts payable after more than one year | 17 | - | €162,401 | +€162,401 | |
| Financial debts | 170/4 | - | €162,401 | +€162,401 | |
| Amounts payable within one year | 42/48 | €93,593 | €155,046 | +€61,453 | +65.7% |
| Current portion of amounts payable after more than one year | 42 | - | €37,600 | +€37,600 | |
| Trade debts | 44 | €4,189 | €4,687 | +€498 | +11.9% |
| Suppliers | 440/4 | €4,189 | €4,687 | +€498 | +11.9% |
| Taxes, remuneration and social security | 45 | €4,493 | €13,002 | +€8,509 | +189.4% |
| Taxes | 450/3 | €743 | €9,252 | +€8,509 | +1145.4% |
| Remuneration and social security | 454/9 | €3,750 | €3,750 | = | 0.0% |
| Other amounts payable | 47/48 | €84,912 | €99,757 | +€14,846 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,603 | €30,051 | +€15,448 | +105.8% |
| Other operating charges | 640/8 | €828 | €356 | -€472 | -57.0% |
| Gross operating margin | 9900 | €71,649 | €53,129 | -€18,520 | -25.8% |
| Operating profit (loss) | 9901 | €56,219 | €22,723 | -€33,496 | -59.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,978 | €7,008 | +€1,030 | +17.2% |
| Recurring financial charges | 65 | €5,978 | €7,008 | +€1,030 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €50,240 | €15,715 | -€34,526 | -68.7% |
| Income taxes | 67/77 | €14,124 | €4,563 | -€9,561 | -67.7% |
| Profit (loss) for the period | 9904 | €36,117 | €11,152 | -€24,965 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,117 | €11,152 | -€24,965 | -69.1% |
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 12 October 2026 via checked.be.