J. DRIESEN: 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.
J. DRIESEN
Largest movements
- Receivables within one year -€12,804
down €12,804 (-22.5%), from €56,913 to €44,109
of which Trade receivables: -€13,309
- Cash +€2,373
up €2,373 (+756.6%), from €314 to €2,687
mainly Receivables within one year (+€12,804) and Other debts (+€2,713)
- Tax, wage and social debts -€11,524
down €11,524 (-91.7%), from €12,569 to €1,045
- Accrued charges and deferred income -€2,748
no longer reported in 2025 (was €2,748)
- Other debts +€2,713
up €2,713 (+24.2%), from €11,192 to €13,905
- Gross operating margin -€47,853
down €47,853 (-93.8%), from €51,035 to €3,181
- Taxes -€8,147
down €8,147 (-88.6%), from €9,192 to €1,045
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 | €57,542 | €47,007 | -€10,535 | -18.3% |
| Fixed assets | 21/28 | €315 | €211 | -€104 | -33.0% |
| Tangible fixed assets | 22/27 | €315 | €211 | -€104 | -33.0% |
| Furniture and vehicles | 24 | €315 | €211 | -€104 | -33.0% |
| Current assets | 29/58 | €57,226 | €46,796 | -€10,430 | -18.2% |
| Amounts receivable within one year | 40/41 | €56,913 | €44,109 | -€12,804 | -22.5% |
| Trade receivables | 40 | €56,913 | €43,603 | -€13,309 | -23.4% |
| Other amounts receivable | 41 | - | €506 | +€506 | |
| Cash at bank and in hand | 54/58 | €314 | €2,687 | +€2,373 | +756.6% |
| Total equity and liabilities | 10/49 | €57,542 | €47,007 | -€10,535 | -18.3% |
| Equity | 10/15 | €30,945 | €31,438 | +€492 | +1.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €30,845 | €31,338 | +€492 | +1.6% |
| Distributable reserves | 133 | €30,845 | €31,338 | +€492 | +1.6% |
| Amounts payable | 17/49 | €26,597 | €15,570 | -€11,027 | -41.5% |
| Amounts payable within one year | 42/48 | €23,849 | €15,570 | -€8,279 | -34.7% |
| Trade debts | 44 | €88 | €620 | +€533 | +607.2% |
| Suppliers | 440/4 | €88 | €620 | +€533 | +607.2% |
| Taxes, remuneration and social security | 45 | €12,569 | €1,045 | -€11,524 | -91.7% |
| Taxes | 450/3 | €12,569 | €1,045 | -€11,524 | -91.7% |
| Other amounts payable | 47/48 | €11,192 | €13,905 | +€2,713 | +24.2% |
| Accrued charges and deferred income | 492/3 | €2,748 | - | -€2,748 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104 | €104 | = | 0.0% |
| Other operating charges | 640/8 | €1,432 | €981 | -€450 | -31.4% |
| Gross operating margin | 9900 | €51,035 | €3,181 | -€47,853 | -93.8% |
| Operating profit (loss) | 9901 | €49,499 | €2,096 | -€47,403 | -95.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €591 | €559 | -€32 | -5.4% |
| Recurring financial charges | 65 | €591 | €559 | -€32 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €48,908 | €1,537 | -€47,371 | -96.9% |
| Income taxes | 67/77 | €9,192 | €1,045 | -€8,147 | -88.6% |
| Profit (loss) for the period | 9904 | €39,716 | €492 | -€39,224 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,716 | €492 | -€39,224 | -98.8% |
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.