JOHN DRIEGE: 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.
JOHN DRIEGE
Largest movements
- Receivables within one year +€74,100
up €74,100 (+35.0%), from €211,481 to €285,581
of which Trade receivables: +€50,940
- Tangible fixed assets -€69,537
down €69,537 (-6.9%), from €1.0m to €934,669
of which Land and buildings: -€68,539
- Cash +€32,181
up €32,181 (+267.7%), from €12,022 to €44,203
mainly Trade debts (+€121,312) and Depreciation (+€69,537)
- Deferred charges and accrued income +€15,190
up €15,190 (+234.2%), from €6,485 to €21,675
- Trade debts +€121,312
up €121,312 (+157.5%), from €77,023 to €198,335
- Debts after one year -€53,137
down €53,137 (-10.3%), from €516,082 to €462,945
- Profit (loss) carried forward -€40,432
down €40,432 (-103.6%), from -€39,031 to -€79,464
- Tax, wage and social debts +€27,845
up €27,845 (+190.6%), from €14,609 to €42,454
of which Remuneration and social security: +€25,331
- Other debts +€15,687
up €15,687 (+10.9%), from €143,309 to €158,997
- Staff costs +€312,967
up €312,967 (+275.5%), from €113,600 to €426,567
- Gross operating margin +€108,324
up €108,324 (+30.1%), from €359,764 to €468,088
- Financial income +€30,061
up €30,061 (+1183.0%), from €2,541 to €32,602
- Depreciation +€11,094
up €11,094 (+19.0%), from €58,443 to €69,537
- Financial charges -€8,738
down €8,738 (-19.5%), from €44,702 to €35,964
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 | €1,234,194 | €1,286,128 | +€51,934 | +4.2% |
| Fixed assets | 21/28 | €1,004,206 | €934,669 | -€69,537 | -6.9% |
| Tangible fixed assets | 22/27 | €1,004,206 | €934,669 | -€69,537 | -6.9% |
| Land and buildings | 22 | €1,001,198 | €932,658 | -€68,539 | -6.8% |
| Furniture and vehicles | 24 | €3,008 | €2,011 | -€997 | -33.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €229,988 | €351,459 | +€121,471 | +52.8% |
| Amounts receivable within one year | 40/41 | €211,481 | €285,581 | +€74,100 | +35.0% |
| Trade receivables | 40 | €126,561 | €177,501 | +€50,940 | +40.2% |
| Other amounts receivable | 41 | €84,920 | €108,080 | +€23,160 | +27.3% |
| Cash at bank and in hand | 54/58 | €12,022 | €44,203 | +€32,181 | +267.7% |
| Deferred charges and accrued income | 490/1 | €6,485 | €21,675 | +€15,190 | +234.2% |
| Total equity and liabilities | 10/49 | €1,234,194 | €1,286,128 | +€51,934 | +4.2% |
| Equity | 10/15 | €381,778 | €333,845 | -€47,932 | -12.6% |
| Contributions | 10/11 | €168,600 | €168,600 | = | 0.0% |
| Reserves | 13 | €252,209 | €244,709 | -€7,500 | -3.0% |
| Tax-exempt reserves | 132 | €116,274 | €108,774 | -€7,500 | -6.5% |
| Distributable reserves | 133 | €135,935 | €135,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,031 | -€79,464 | -€40,432 | -103.6% |
| Provisions and deferred taxes | 16 | €38,758 | €36,258 | -€2,500 | -6.5% |
| Deferred taxes | 168 | €38,758 | €36,258 | -€2,500 | -6.5% |
| Amounts payable | 17/49 | €813,658 | €916,024 | +€102,367 | +12.6% |
| Amounts payable after more than one year | 17 | €516,082 | €462,945 | -€53,137 | -10.3% |
| Financial debts | 170/4 | €516,082 | €462,945 | -€53,137 | -10.3% |
| Amounts payable within one year | 42/48 | €297,563 | €452,923 | +€155,360 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €62,623 | €53,137 | -€9,485 | -15.1% |
| Trade debts | 44 | €77,023 | €198,335 | +€121,312 | +157.5% |
| Suppliers | 440/4 | €77,023 | €198,335 | +€121,312 | +157.5% |
| Taxes, remuneration and social security | 45 | €14,609 | €42,454 | +€27,845 | +190.6% |
| Taxes | 450/3 | €95 | €2,609 | +€2,514 | +2655.8% |
| Remuneration and social security | 454/9 | €14,514 | €39,845 | +€25,331 | +174.5% |
| Other amounts payable | 47/48 | €143,309 | €158,997 | +€15,687 | +10.9% |
| Accrued charges and deferred income | 492/3 | €13 | €157 | +€144 | +1141.1% |
| Non-recurring operating income | 76A | €163,786 | €0 | -€163,786 | -100.0% |
| Remuneration, social security and pensions | 62 | €113,600 | €426,567 | +€312,967 | +275.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,443 | €69,537 | +€11,094 | +19.0% |
| Other operating charges | 640/8 | €14,502 | €19,054 | +€4,552 | +31.4% |
| Non-recurring operating charges | 66A | €4,512 | €0 | -€4,512 | -100.0% |
| Gross operating margin | 9900 | €359,764 | €468,088 | +€108,324 | +30.1% |
| Operating profit (loss) | 9901 | €168,706 | -€47,071 | -€215,777 | |
| Financial income | 75/76B | €2,541 | €32,602 | +€30,061 | +1183.0% |
| Recurring financial income | 75 | €2,541 | €32,602 | +€30,061 | +1183.0% |
| Financial charges | 65/66B | €44,702 | €35,964 | -€8,738 | -19.5% |
| Recurring financial charges | 65 | €44,702 | €35,964 | -€8,738 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €126,545 | -€50,432 | -€176,978 | |
| Transfer from deferred taxes | 780 | €1,878 | €2,500 | +€622 | +33.1% |
| Transfer to deferred taxes | 680 | €40,637 | €0 | -€40,637 | -100.0% |
| Income taxes | 67/77 | €92 | €0 | -€92 | -100.0% |
| Profit (loss) for the period | 9904 | €87,695 | -€47,932 | -€135,627 | |
| Transfer from tax-exempt reserves | 789 | €5,635 | €7,500 | +€1,865 | +33.1% |
| Transfer to tax-exempt reserves | 689 | €121,910 | €0 | -€121,910 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,580 | -€40,432 | -€11,853 | -41.5% |
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 12 October 2026 via checked.be.