FREDERIK 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.
FREDERIK VAN DRIESSCHE
Largest movements
- Cash +€45,231
up €45,231 (+200%), from €22,640 to €67,871
mainly Net result for the year (+€53,465) and Depreciation (+€18,475)
- Tangible fixed assets -€16,065
down €16,065 (-5.5%), from €292,256 to €276,191
of which Land and buildings: -€14,289
- Receivables within one year +€8,900
up €8,900 (+23.9%), from €37,188 to €46,088
of which Other amounts receivable: +€7,519
- Profit (loss) carried forward +€53,465
new in 2025: €53,465
- Debts after one year -€8,836
down €8,836 (-3.7%), from €241,806 to €232,970
- Tax, wage and social debts -€8,535
down €8,535 (-73.0%), from €11,686 to €3,151
- Gross operating margin +€19,711
up €19,711 (+24.9%), from €79,194 to €98,905
- Depreciation +€12,405
up €12,405 (+204%), from €6,070 to €18,475
- Financial charges +€8,024
up €8,024 (+500%), from €1,604 to €9,628
- Financial income -€1,608
down €1,608 (-100.0%), from €1,608 to €0
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 | €357,441 | €392,720 | +€35,279 | +9.9% |
| Fixed assets | 21/28 | €292,256 | €276,191 | -€16,065 | -5.5% |
| Tangible fixed assets | 22/27 | €292,256 | €276,191 | -€16,065 | -5.5% |
| Land and buildings | 22 | €283,552 | €269,263 | -€14,289 | -5.0% |
| Furniture and vehicles | 24 | €8,704 | €6,928 | -€1,776 | -20.4% |
| Current assets | 29/58 | €65,185 | €116,530 | +€51,344 | +78.8% |
| Amounts receivable within one year | 40/41 | €37,188 | €46,088 | +€8,900 | +23.9% |
| Trade receivables | 40 | €4,136 | €5,517 | +€1,381 | +33.4% |
| Other amounts receivable | 41 | €33,052 | €40,571 | +€7,519 | +22.7% |
| Cash at bank and in hand | 54/58 | €22,640 | €67,871 | +€45,231 | +200% |
| Deferred charges and accrued income | 490/1 | €5,357 | €2,571 | -€2,786 | -52.0% |
| Total equity and liabilities | 10/49 | €357,441 | €392,720 | +€35,279 | +9.9% |
| Equity | 10/15 | €90,428 | €143,892 | +€53,465 | +59.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €89,928 | €89,928 | = | 0.0% |
| Distributable reserves | 133 | €89,928 | €89,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €53,465 | +€53,465 | |
| Amounts payable | 17/49 | €267,013 | €248,828 | -€18,185 | -6.8% |
| Amounts payable after more than one year | 17 | €241,806 | €232,970 | -€8,836 | -3.7% |
| Financial debts | 170/4 | €241,806 | €232,970 | -€8,836 | -3.7% |
| Amounts payable within one year | 42/48 | €22,972 | €14,161 | -€8,811 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | €8,501 | €8,836 | +€336 | +3.9% |
| Trade debts | 44 | €2,785 | €414 | -€2,371 | -85.1% |
| Suppliers | 440/4 | €2,785 | €414 | -€2,371 | -85.1% |
| Advances received on contracts in progress | 46 | - | €1,760 | +€1,760 | |
| Taxes, remuneration and social security | 45 | €11,686 | €3,151 | -€8,535 | -73.0% |
| Taxes | 450/3 | €11,686 | €3,151 | -€8,535 | -73.0% |
| Accrued charges and deferred income | 492/3 | €2,236 | €1,697 | -€538 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,070 | €18,475 | +€12,405 | +204% |
| Other operating charges | 640/8 | €2,705 | €2,054 | -€651 | -24.1% |
| Gross operating margin | 9900 | €79,194 | €98,905 | +€19,711 | +24.9% |
| Operating profit (loss) | 9901 | €70,419 | €78,376 | +€7,957 | +11.3% |
| Financial income | 75/76B | €1,608 | €0 | -€1,608 | -100.0% |
| Recurring financial income | 75 | €1,608 | €0 | -€1,608 | -100.0% |
| Financial charges | 65/66B | €1,604 | €9,628 | +€8,024 | +500% |
| Recurring financial charges | 65 | €1,604 | €9,628 | +€8,024 | +500% |
| Profit (loss) for the period before taxes | 9903 | €70,424 | €68,749 | -€1,675 | -2.4% |
| Income taxes | 67/77 | €15,003 | €15,284 | +€281 | +1.9% |
| Profit (loss) for the period | 9904 | €55,421 | €53,465 | -€1,956 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €55,421 | €53,465 | -€1,956 | -3.5% |
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 25 October 2026 via checked.be.