EDWIN VAN DRIESSCHE: 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.
EDWIN VAN DRIESSCHE
Largest movements
- Tangible fixed assets +€98,212
up €98,212 (+156.3%), from €62,849 to €161,060
of which Furniture and vehicles: +€77,606
- Deferred charges and accrued income +€2,992
new in 2025: €2,992
- Debts after one year +€75,870
up €75,870 (+450.3%), from €16,850 to €92,720
- Reserves +€22,199
up €22,199 (+80.1%), from €27,698 to €49,896
- Trade debts +€16,538
up €16,538 (+539.9%), from €3,063 to €19,601
- Accrued charges and deferred income -€12,143
no longer reported in 2025 (was €12,143)
- Other debts -€10,291
down €10,291 (-13.3%), from €77,516 to €67,225
- Staff costs +€10,717
up €10,717 (+31.8%), from €33,724 to €44,440
- Depreciation -€6,972
down €6,972 (-21.3%), from €32,719 to €25,746
- Taxes -€3,155
down €3,155 (-23.6%), from €13,343 to €10,189
- Financial charges -€1,575
down €1,575 (-29.9%), from €5,268 to €3,693
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 | €181,033 | €283,198 | +€102,165 | +56.4% |
| Fixed assets | 21/28 | €62,849 | €161,060 | +€98,212 | +156.3% |
| Tangible fixed assets | 22/27 | €62,849 | €161,060 | +€98,212 | +156.3% |
| Plant, machinery and equipment | 23 | €24,186 | €18,989 | -€5,198 | -21.5% |
| Furniture and vehicles | 24 | €3,058 | €80,664 | +€77,606 | +2537.8% |
| Other tangible fixed assets | 26 | €35,604 | €61,407 | +€25,803 | +72.5% |
| Current assets | 29/58 | €118,184 | €122,138 | +€3,953 | +3.3% |
| Stocks and contracts in progress | 3 | €4,948 | €3,448 | -€1,500 | -30.3% |
| Stocks | 30/36 | €4,948 | €3,448 | -€1,500 | -30.3% |
| Amounts receivable within one year | 40/41 | €464 | €1,709 | +€1,244 | +268.0% |
| Trade receivables | 40 | €464 | €1,709 | +€1,244 | +268.0% |
| Cash at bank and in hand | 54/58 | €112,772 | €113,989 | +€1,217 | +1.1% |
| Deferred charges and accrued income | 490/1 | - | €2,992 | +€2,992 | |
| Total equity and liabilities | 10/49 | €181,033 | €283,198 | +€102,165 | +56.4% |
| Equity | 10/15 | €33,898 | €56,096 | +€22,199 | +65.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,698 | €49,896 | +€22,199 | +80.1% |
| Distributable reserves | 133 | €27,698 | €49,896 | +€22,199 | +80.1% |
| Amounts payable | 17/49 | €147,136 | €227,102 | +€79,966 | +54.3% |
| Amounts payable after more than one year | 17 | €16,850 | €92,720 | +€75,870 | +450.3% |
| Financial debts | 170/4 | €16,850 | €92,720 | +€75,870 | +450.3% |
| Amounts payable within one year | 42/48 | €118,143 | €134,382 | +€16,239 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €26,575 | €33,817 | +€7,242 | +27.3% |
| Trade debts | 44 | €3,063 | €19,601 | +€16,538 | +539.9% |
| Suppliers | 440/4 | €3,063 | €19,601 | +€16,538 | +539.9% |
| Taxes, remuneration and social security | 45 | €10,989 | €13,739 | +€2,750 | +25.0% |
| Taxes | 450/3 | €8,040 | €9,705 | +€1,665 | +20.7% |
| Remuneration and social security | 454/9 | €2,949 | €4,034 | +€1,084 | +36.8% |
| Other amounts payable | 47/48 | €77,516 | €67,225 | -€10,291 | -13.3% |
| Accrued charges and deferred income | 492/3 | €12,143 | - | -€12,143 | |
| Non-recurring operating income | 76A | €1,415 | €8,257 | +€6,842 | +483.5% |
| Remuneration, social security and pensions | 62 | €33,724 | €44,440 | +€10,717 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,719 | €25,746 | -€6,972 | -21.3% |
| Other operating charges | 640/8 | €1,363 | €714 | -€650 | -47.6% |
| Non-recurring operating charges | 66A | €1,510 | -€604 | -€2,113 | |
| Gross operating margin | 9900 | €105,374 | €106,352 | +€978 | +0.9% |
| Operating profit (loss) | 9901 | €36,059 | €36,055 | -€4 | 0.0% |
| Financial income | 75/76B | €1 | €25 | +€24 | +1858.1% |
| Recurring financial income | 75 | €1 | €25 | +€24 | +1858.1% |
| Financial charges | 65/66B | €5,268 | €3,693 | -€1,575 | -29.9% |
| Recurring financial charges | 65 | €5,268 | €3,693 | -€1,575 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €30,792 | €32,387 | +€1,595 | +5.2% |
| Income taxes | 67/77 | €13,343 | €10,189 | -€3,155 | -23.6% |
| Profit (loss) for the period | 9904 | €17,449 | €22,199 | +€4,750 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,449 | €22,199 | +€4,750 | +27.2% |
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 12 October 2026 via checked.be.