DROOGMANS BART: 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.
DROOGMANS BART
Largest movements
- Cash +€164,864
up €164,864 (+84.5%), from €195,170 to €360,034
mainly Net result for the year (+€142,628) and Other debts (+€40,000)
- Receivables within one year +€11,556
up €11,556 (+3.8%), from €302,737 to €314,293
of which Other amounts receivable: +€11,655
- Reserves +€102,628
up €102,628 (+15.5%), from €662,206 to €764,835
of which Distributable reserves: +€102,628
- Other debts +€40,000
new in 2025: €40,000
- Tax, wage and social debts +€26,517
up €26,517 (+196.7%), from €13,481 to €39,998
of which Taxes: +€22,681
- Gross operating margin +€87,469
up €87,469 (+41.4%), from €211,246 to €298,716
- Taxes +€29,338
up €29,338 (+87.1%), from €33,701 to €63,039
- Staff costs +€10,540
up €10,540 (+13.9%), from €75,781 to €86,320
- Depreciation -€7,942
down €7,942 (-45.1%), from €17,597 to €9,656
- Financial income +€4,524
up €4,524 (+22.2%), from €20,420 to €24,944
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 | €836,608 | €1,002,732 | +€166,124 | +19.9% |
| Fixed assets | 21/28 | €46,419 | €38,253 | -€8,166 | -17.6% |
| Tangible fixed assets | 22/27 | €46,419 | €38,253 | -€8,166 | -17.6% |
| Plant, machinery and equipment | 23 | €7,751 | €5,354 | -€2,396 | -30.9% |
| Furniture and vehicles | 24 | €14,907 | €12,394 | -€2,513 | -16.9% |
| Other tangible fixed assets | 26 | €23,761 | €20,504 | -€3,257 | -13.7% |
| Current assets | 29/58 | €790,189 | €964,479 | +€174,291 | +22.1% |
| Stocks and contracts in progress | 3 | €287,936 | €284,706 | -€3,230 | -1.1% |
| Stocks | 30/36 | €287,936 | €284,706 | -€3,230 | -1.1% |
| Amounts receivable within one year | 40/41 | €302,737 | €314,293 | +€11,556 | +3.8% |
| Trade receivables | 40 | €13,334 | €13,235 | -€99 | -0.7% |
| Other amounts receivable | 41 | €289,403 | €301,058 | +€11,655 | +4.0% |
| Cash at bank and in hand | 54/58 | €195,170 | €360,034 | +€164,864 | +84.5% |
| Deferred charges and accrued income | 490/1 | €4,346 | €5,446 | +€1,100 | +25.3% |
| Total equity and liabilities | 10/49 | €836,608 | €1,002,732 | +€166,124 | +19.9% |
| Equity | 10/15 | €668,406 | €771,035 | +€102,628 | +15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €662,206 | €764,835 | +€102,628 | +15.5% |
| Tax-exempt reserves | 132 | €103,536 | €103,536 | = | 0.0% |
| Distributable reserves | 133 | €558,670 | €661,299 | +€102,628 | +18.4% |
| Amounts payable | 17/49 | €168,201 | €231,697 | +€63,496 | +37.7% |
| Amounts payable within one year | 42/48 | €168,201 | €231,494 | +€63,293 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €5,011 | - | -€5,011 | |
| Trade debts | 44 | €149,709 | €151,497 | +€1,788 | +1.2% |
| Suppliers | 440/4 | €149,709 | €151,497 | +€1,788 | +1.2% |
| Taxes, remuneration and social security | 45 | €13,481 | €39,998 | +€26,517 | +196.7% |
| Taxes | 450/3 | €4,613 | €27,294 | +€22,681 | +491.7% |
| Remuneration and social security | 454/9 | €8,868 | €12,704 | +€3,836 | +43.3% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Accrued charges and deferred income | 492/3 | - | €203 | +€203 | |
| Remuneration, social security and pensions | 62 | €75,781 | €86,320 | +€10,540 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,597 | €9,656 | -€7,942 | -45.1% |
| Other operating charges | 640/8 | €3,872 | €3,362 | -€509 | -13.2% |
| Gross operating margin | 9900 | €211,246 | €298,716 | +€87,469 | +41.4% |
| Operating profit (loss) | 9901 | €113,997 | €199,378 | +€85,381 | +74.9% |
| Financial income | 75/76B | €20,420 | €24,944 | +€4,524 | +22.2% |
| Recurring financial income | 75 | €20,420 | €24,944 | +€4,524 | +22.2% |
| Financial charges | 65/66B | €17,292 | €18,654 | +€1,362 | +7.9% |
| Recurring financial charges | 65 | €17,292 | €18,654 | +€1,362 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €117,124 | €205,668 | +€88,543 | +75.6% |
| Income taxes | 67/77 | €33,701 | €63,039 | +€29,338 | +87.1% |
| Profit (loss) for the period | 9904 | €83,423 | €142,628 | +€59,205 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,423 | €142,628 | +€59,205 | +71.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.