DRIVER PM: 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.
DRIVER PM
Largest movements
- Receivables within one year +€138,526
up €138,526 (+370%), from €37,455 to €175,981
of which Trade receivables: +€139,150
- Cash -€107,091
down €107,091 (-62.4%), from €171,526 to €64,435
mainly Receivables within one year (-€138,526) and Contributions, distributions and other (-€29,412)
- Current investments -€6,674
down €6,674 (-35.8%), from €18,643 to €11,969
- Tangible fixed assets -€5,262
down €5,262 (-24.0%), from €21,918 to €16,655
- Other debts +€25,000
new in 2025: €25,000
- Reserves -€4,613
down €4,613 (-1.9%), from €248,586 to €243,973
- Gross operating margin -€111,935
down €111,935 (-77.4%), from €144,677 to €32,742
- Taxes -€25,344
down €25,344 (-81.1%), from €31,234 to €5,890
- Financial income +€7,075
up €7,075 (+1,346%), from €526 to €7,601
- Financial charges -€4,694
down €4,694 (-67.1%), from €6,991 to €2,298
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 | €300,504 | €319,242 | +€18,738 | +6.2% |
| Fixed assets | 21/28 | €71,918 | €66,655 | -€5,262 | -7.3% |
| Tangible fixed assets | 22/27 | €21,918 | €16,655 | -€5,262 | -24.0% |
| Plant, machinery and equipment | 23 | €2,609 | €2,039 | -€570 | -21.9% |
| Furniture and vehicles | 24 | €4,623 | €2,457 | -€2,166 | -46.9% |
| Other tangible fixed assets | 26 | €14,686 | €12,160 | -€2,526 | -17.2% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €228,587 | €252,587 | +€24,000 | +10.5% |
| Amounts receivable within one year | 40/41 | €37,455 | €175,981 | +€138,526 | +370% |
| Trade receivables | 40 | €28,798 | €167,948 | +€139,150 | +483% |
| Other amounts receivable | 41 | €8,657 | €8,033 | -€624 | -7.2% |
| Current investments | 50/53 | €18,643 | €11,969 | -€6,674 | -35.8% |
| Cash at bank and in hand | 54/58 | €171,526 | €64,435 | -€107,091 | -62.4% |
| Deferred charges and accrued income | 490/1 | €963 | €203 | -€761 | -79.0% |
| Total equity and liabilities | 10/49 | €300,504 | €319,242 | +€18,738 | +6.2% |
| Equity | 10/15 | €267,186 | €262,573 | -€4,613 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €248,586 | €243,973 | -€4,613 | -1.9% |
| Distributable reserves | 133 | €248,586 | €243,973 | -€4,613 | -1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,318 | €56,669 | +€23,351 | +70.1% |
| Amounts payable within one year | 42/48 | €33,002 | €56,540 | +€23,539 | +71.3% |
| Trade debts | 44 | €821 | €446 | -€375 | -45.7% |
| Suppliers | 440/4 | €821 | €446 | -€375 | -45.7% |
| Taxes, remuneration and social security | 45 | €32,180 | €31,094 | -€1,086 | -3.4% |
| Taxes | 450/3 | €29,780 | €28,694 | -€1,086 | -3.6% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | - | €25,000 | +€25,000 | |
| Accrued charges and deferred income | 492/3 | €317 | €129 | -€188 | -59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,728 | €5,262 | +€534 | +11.3% |
| Other operating charges | 640/8 | €2,086 | €2,095 | +€8 | +0.4% |
| Gross operating margin | 9900 | €144,677 | €32,742 | -€111,935 | -77.4% |
| Operating profit (loss) | 9901 | €137,862 | €25,385 | -€112,477 | -81.6% |
| Financial income | 75/76B | €526 | €7,601 | +€7,075 | +1,346% |
| Recurring financial income | 75 | €526 | €7,601 | +€7,075 | +1,346% |
| Financial charges | 65/66B | €6,991 | €2,298 | -€4,694 | -67.1% |
| Recurring financial charges | 65 | €6,991 | €2,298 | -€4,694 | -67.1% |
| Profit (loss) for the period before taxes | 9903 | €131,397 | €30,688 | -€100,708 | -76.6% |
| Income taxes | 67/77 | €31,234 | €5,890 | -€25,344 | -81.1% |
| Profit (loss) for the period | 9904 | €100,163 | €24,799 | -€75,364 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,163 | €24,799 | -€75,364 | -75.2% |
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 22 October 2026 via checked.be.