DRIEVOET: 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.
DRIEVOET
Largest movements
- Intangible fixed assets -€98,204
down €98,204 (-18.2%), from €540,259 to €442,054
- Tangible fixed assets -€48,299
down €48,299 (-5.1%), from €943,267 to €894,968
- Receivables within one year -€28,581
down €28,581 (-100.0%), from €28,581 to €0
of which Other amounts receivable: -€28,581
- Profit (loss) carried forward -€180,910
down €180,910 (-242.8%), from -€74,509 to -€255,419
- Other debts +€80,000
up €80,000 (+8.0%), from €1.0m to €1.1m
- Debts after one year -€69,734
down €69,734 (-16.1%), from €433,623 to €363,889
- Gross operating margin +€34,002
up €34,002 (+346.6%), from €9,809 to €43,811
- Financial charges +€2,499
up €2,499 (+3.4%), from €74,550 to €77,048
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,547,116 | €1,364,872 | -€182,244 | -11.8% |
| Fixed assets | 21/28 | €1,503,526 | €1,357,023 | -€146,503 | -9.7% |
| Intangible fixed assets | 21 | €540,259 | €442,054 | -€98,204 | -18.2% |
| Tangible fixed assets | 22/27 | €943,267 | €894,968 | -€48,299 | -5.1% |
| Land and buildings | 22 | €943,267 | €894,968 | -€48,299 | -5.1% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €43,590 | €7,850 | -€35,740 | -82.0% |
| Amounts receivable within one year | 40/41 | €28,581 | €0 | -€28,581 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €28,581 | €0 | -€28,581 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,921 | €6,797 | -€7,124 | -51.2% |
| Deferred charges and accrued income | 490/1 | €1,089 | €1,053 | -€36 | -3.3% |
| Total equity and liabilities | 10/49 | €1,547,116 | €1,364,872 | -€182,244 | -11.8% |
| Equity | 10/15 | €15,476 | -€165,434 | -€180,910 | |
| Contributions | 10/11 | €81,805 | €81,805 | = | 0.0% |
| Capital | 10 | €81,805 | €81,805 | = | 0.0% |
| Issued capital | 100 | €81,805 | €81,805 | = | 0.0% |
| Reserves | 13 | €8,180 | €8,180 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,180 | €8,180 | = | 0.0% |
| Legal reserve | 130 | €8,180 | €8,180 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€74,509 | -€255,419 | -€180,910 | -242.8% |
| Provisions and deferred taxes | 16 | €22,790 | €16,281 | -€6,509 | -28.6% |
| Deferred taxes | 168 | €22,790 | €16,281 | -€6,509 | -28.6% |
| Amounts payable | 17/49 | €1,508,850 | €1,514,025 | +€5,175 | +0.3% |
| Amounts payable after more than one year | 17 | €433,623 | €363,889 | -€69,734 | -16.1% |
| Financial debts | 170/4 | €433,623 | €363,889 | -€69,734 | -16.1% |
| Amounts payable within one year | 42/48 | €1,075,227 | €1,150,136 | +€74,909 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €68,752 | €69,734 | +€982 | +1.4% |
| Trade debts | 44 | €6,097 | €0 | -€6,097 | -100.0% |
| Suppliers | 440/4 | €6,097 | €0 | -€6,097 | -100.0% |
| Taxes, remuneration and social security | 45 | €379 | €402 | +€23 | +6.2% |
| Taxes | 450/3 | €379 | €402 | +€23 | +6.2% |
| Other amounts payable | 47/48 | €1,000,000 | €1,080,000 | +€80,000 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,503 | €146,503 | = | 0.0% |
| Other operating charges | 640/8 | €7,491 | €7,696 | +€204 | +2.7% |
| Gross operating margin | 9900 | €9,809 | €43,811 | +€34,002 | +346.6% |
| Operating profit (loss) | 9901 | -€144,185 | -€110,388 | +€33,798 | +23.4% |
| Financial income | 75/76B | €0 | €17 | +€17 | |
| Recurring financial income | 75 | €0 | €17 | +€17 | |
| Financial charges | 65/66B | €74,550 | €77,048 | +€2,499 | +3.4% |
| Recurring financial charges | 65 | €74,550 | €77,048 | +€2,499 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€218,735 | -€187,418 | +€31,317 | +14.3% |
| Transfer from deferred taxes | 780 | €6,509 | €6,509 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€212,226 | -€180,910 | +€31,317 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€212,226 | -€180,910 | +€31,317 | +14.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.