HANS DRIESEN: 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.
HANS DRIESEN
Largest movements
- Tangible fixed assets +€125,758
up €125,758 (+51.8%), from €242,848 to €368,606
of which Leasing and similar rights: +€65,969
- Receivables within one year +€18,051
up €18,051 (+22.1%), from €81,539 to €99,590
of which Trade receivables: +€29,090
- Cash -€10,869
down €10,869 (-100%), from €10,869 to €0
mainly Investment in fixed assets (net) (-€209,411) and Receivables within one year (-€18,051)
- Profit (loss) carried forward +€43,933
up €43,933, from -€43,933 to €0
- Debts after one year +€41,478
up €41,478 (+15.4%), from €268,726 to €310,204
- Current portion of long-term debt +€17,392
up €17,392 (+37.2%), from €46,728 to €64,120
- Short-term financial debts +€14,047
up €14,047, from €0 to €14,047
- Trade debts +€9,012
up €9,012 (+18.6%), from €48,509 to €57,521
- Depreciation +€15,928
up €15,928 (+23.7%), from €67,125 to €83,053
- Gross operating margin +€7,532
up €7,532 (+4.9%), from €154,958 to €162,490
- Financial charges +€6,152
up €6,152 (+98.3%), from €6,260 to €12,412
- Staff costs +€4,991
up €4,991 (+226%), from €2,204 to €7,195
- Other operating charges +€3,400
up €3,400 (+366%), from €928 to €4,329
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 | €354,663 | €488,764 | +€134,101 | +37.8% |
| Fixed assets | 21/28 | €242,848 | €369,206 | +€126,358 | +52.0% |
| Tangible fixed assets | 22/27 | €242,848 | €368,606 | +€125,758 | +51.8% |
| Land and buildings | 22 | €84,119 | €89,686 | +€5,568 | +6.6% |
| Plant, machinery and equipment | 23 | €89,013 | €149,394 | +€60,381 | +67.8% |
| Furniture and vehicles | 24 | €28,308 | €22,148 | -€6,160 | -21.8% |
| Leasing and similar rights | 25 | €41,408 | €107,377 | +€65,969 | +159% |
| Financial fixed assets | 28 | €0 | €600 | +€600 | |
| Current assets | 29/58 | €111,815 | €119,558 | +€7,743 | +6.9% |
| Stocks and contracts in progress | 3 | €15,958 | €16,650 | +€693 | +4.3% |
| Stocks | 30/36 | €12,489 | €16,650 | +€4,161 | +33.3% |
| Contracts in progress | 37 | €3,468 | €0 | -€3,468 | -100% |
| Amounts receivable within one year | 40/41 | €81,539 | €99,590 | +€18,051 | +22.1% |
| Trade receivables | 40 | €65,008 | €94,098 | +€29,090 | +44.7% |
| Other amounts receivable | 41 | €16,532 | €5,492 | -€11,039 | -66.8% |
| Cash at bank and in hand | 54/58 | €10,869 | €0 | -€10,869 | -100% |
| Deferred charges and accrued income | 490/1 | €3,449 | €3,318 | -€131 | -3.8% |
| Total equity and liabilities | 10/49 | €354,663 | €488,764 | +€134,101 | +37.8% |
| Equity | 10/15 | -€9,300 | €41,451 | +€50,750 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,033 | €22,851 | +€6,818 | +42.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,173 | €20,991 | +€6,818 | +48.1% |
| Profit (loss) carried forward | 14 | -€43,933 | €0 | +€43,933 | |
| Amounts payable | 17/49 | €363,963 | €447,313 | +€83,351 | +22.9% |
| Amounts payable after more than one year | 17 | €268,726 | €310,204 | +€41,478 | +15.4% |
| Financial debts | 170/4 | €268,726 | €310,204 | +€41,478 | +15.4% |
| Amounts payable within one year | 42/48 | €95,237 | €137,109 | +€41,873 | +44.0% |
| Current portion of amounts payable after more than one year | 42 | €46,728 | €64,120 | +€17,392 | +37.2% |
| Financial debts | 43 | €0 | €14,047 | +€14,047 | |
| Credit institutions | 430/8 | €0 | €14,047 | +€14,047 | |
| Trade debts | 44 | €48,509 | €57,521 | +€9,012 | +18.6% |
| Suppliers | 440/4 | €48,509 | €57,521 | +€9,012 | +18.6% |
| Taxes, remuneration and social security | 45 | €0 | €1,421 | +€1,421 | |
| Taxes | 450/3 | €0 | €1,421 | +€1,421 | |
| Non-recurring operating income | 76A | €40,673 | €20,329 | -€20,344 | -50.0% |
| Remuneration, social security and pensions | 62 | €2,204 | €7,195 | +€4,991 | +226% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,125 | €83,053 | +€15,928 | +23.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €928 | €4,329 | +€3,400 | +366% |
| Non-recurring operating charges | 66A | €1,432 | €4,480 | +€3,048 | +213% |
| Gross operating margin | 9900 | €154,958 | €162,490 | +€7,532 | +4.9% |
| Operating profit (loss) | 9901 | €83,269 | €63,433 | -€19,836 | -23.8% |
| Financial income | 75/76B | €3,772 | €411 | -€3,361 | -89.1% |
| Recurring financial income | 75 | €3,772 | €411 | -€3,361 | -89.1% |
| Financial charges | 65/66B | €6,260 | €12,412 | +€6,152 | +98.3% |
| Recurring financial charges | 65 | €6,260 | €12,412 | +€6,152 | +98.3% |
| Profit (loss) for the period before taxes | 9903 | €80,781 | €51,432 | -€29,349 | -36.3% |
| Income taxes | 67/77 | - | €682 | +€682 | |
| Profit (loss) for the period | 9904 | €80,781 | €50,750 | -€30,031 | -37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,781 | €50,750 | -€30,031 | -37.2% |
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 24 October 2026 via checked.be.