Kassandra Driezen: 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.
Kassandra Driezen
Largest movements
- Cash +€22,661
up €22,661 (+101.8%), from €22,267 to €44,928
mainly Receivables within one year (+€21,059) and Depreciation (+€12,967)
- Receivables within one year -€21,059
down €21,059 (-78.0%), from €27,003 to €5,944
of which Trade receivables: -€27,003
- Tangible fixed assets -€12,967
down €12,967 (-28.9%), from €44,812 to €31,845
- Tax, wage and social debts -€10,522
down €10,522 (-94.9%), from €11,084 to €562
of which Taxes: -€10,522
- Debts after one year -€6,008
down €6,008 (-29.8%), from €20,189 to €14,180
- Profit (loss) carried forward +€2,841
up €2,841 (+9.1%), from €31,162 to €34,003
- Other debts +€1,243
up €1,243 (+4.9%), from €25,442 to €26,685
- Gross operating margin -€22,778
down €22,778 (-50.8%), from €44,804 to €22,026
- Taxes -€4,432
down €4,432 (-71.2%), from €6,222 to €1,790
- Financial charges +€1,780
up €1,780 (+126.6%), from €1,406 to €3,186
- Depreciation +€909
up €909 (+7.5%), from €12,058 to €12,967
- Other operating charges +€626
up €626 (+100.5%), from €623 to €1,248
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 | €94,965 | €83,441 | -€11,524 | -12.1% |
| Fixed assets | 21/28 | €44,812 | €31,845 | -€12,967 | -28.9% |
| Tangible fixed assets | 22/27 | €44,812 | €31,845 | -€12,967 | -28.9% |
| Furniture and vehicles | 24 | €44,812 | €31,845 | -€12,967 | -28.9% |
| Current assets | 29/58 | €50,153 | €51,595 | +€1,443 | +2.9% |
| Amounts receivable within one year | 40/41 | €27,003 | €5,944 | -€21,059 | -78.0% |
| Trade receivables | 40 | €27,003 | - | -€27,003 | |
| Other amounts receivable | 41 | - | €5,944 | +€5,944 | |
| Cash at bank and in hand | 54/58 | €22,267 | €44,928 | +€22,661 | +101.8% |
| Deferred charges and accrued income | 490/1 | €882 | €724 | -€159 | -18.0% |
| Total equity and liabilities | 10/49 | €94,965 | €83,441 | -€11,524 | -12.1% |
| Equity | 10/15 | €32,162 | €35,003 | +€2,841 | +8.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,162 | €34,003 | +€2,841 | +9.1% |
| Amounts payable | 17/49 | €62,803 | €48,438 | -€14,366 | -22.9% |
| Amounts payable after more than one year | 17 | €20,189 | €14,180 | -€6,008 | -29.8% |
| Financial debts | 170/4 | €20,189 | €14,180 | -€6,008 | -29.8% |
| Amounts payable within one year | 42/48 | €42,588 | €34,257 | -€8,331 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €5,694 | €6,008 | +€314 | +5.5% |
| Trade debts | 44 | €369 | €1,002 | +€633 | +171.8% |
| Suppliers | 440/4 | €369 | €1,002 | +€633 | +171.8% |
| Taxes, remuneration and social security | 45 | €11,084 | €562 | -€10,522 | -94.9% |
| Taxes | 450/3 | €11,062 | €540 | -€10,522 | -95.1% |
| Remuneration and social security | 454/9 | €22 | €22 | = | 0.0% |
| Other amounts payable | 47/48 | €25,442 | €26,685 | +€1,243 | +4.9% |
| Accrued charges and deferred income | 492/3 | €26 | - | -€26 | |
| Non-recurring operating income | 76A | - | €592 | +€592 | |
| Remuneration, social security and pensions | 62 | €195 | - | -€195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,058 | €12,967 | +€909 | +7.5% |
| Other operating charges | 640/8 | €623 | €1,248 | +€626 | +100.5% |
| Gross operating margin | 9900 | €44,804 | €22,026 | -€22,778 | -50.8% |
| Operating profit (loss) | 9901 | €31,929 | €7,811 | -€24,117 | -75.5% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €1,406 | €3,186 | +€1,780 | +126.6% |
| Recurring financial charges | 65 | €1,406 | €3,186 | +€1,780 | +126.6% |
| Profit (loss) for the period before taxes | 9903 | €30,523 | €4,631 | -€25,891 | -84.8% |
| Income taxes | 67/77 | €6,222 | €1,790 | -€4,432 | -71.2% |
| Profit (loss) for the period | 9904 | €24,300 | €2,841 | -€21,459 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,300 | €2,841 | -€21,459 | -88.3% |
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 7 October 2026 via checked.be.