MAJOR DREAMS: 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.
MAJOR DREAMS
Largest movements
- Receivables after one year -€81,089
down €81,089 (-16.3%), from €498,678 to €417,589
- Receivables within one year +€10,930
up €10,930 (+30.7%), from €35,554 to €46,484
of which Other amounts receivable: +€30,008
- Reserves -€72,757
down €72,757 (-29.2%), from €249,015 to €176,258
of which Distributable reserves: -€72,757
- Tax, wage and social debts +€19,269
up €19,269 (+16.9%), from €114,127 to €133,397
- Trade debts -€18,603
down €18,603 (-64.1%), from €29,017 to €10,413
- Gross operating margin +€85,272
up €85,272 (+197%), from €43,178 to €128,450
- Taxes +€27,880
up €27,880 (+186%), from €14,999 to €42,879
- Financial income -€6,627
down €6,627 (-25.2%), from €26,293 to €19,666
- Other operating charges -€3,698
down €3,698 (-50.9%), from €7,272 to €3,573
- Financial charges -€3,207
down €3,207 (-22.1%), from €14,498 to €11,291
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 | €538,922 | €468,268 | -€70,654 | -13.1% |
| Fixed assets | 21/28 | €1,651 | €1,808 | +€157 | +9.5% |
| Tangible fixed assets | 22/27 | €1,540 | €1,697 | +€157 | +10.2% |
| Plant, machinery and equipment | 23 | €877 | €685 | -€193 | -21.9% |
| Furniture and vehicles | 24 | €662 | €1,012 | +€350 | +52.8% |
| Financial fixed assets | 28 | €111 | €111 | = | 0.0% |
| Current assets | 29/58 | €537,272 | €466,460 | -€70,812 | -13.2% |
| Amounts receivable after more than one year | 29 | €498,678 | €417,589 | -€81,089 | -16.3% |
| Other amounts receivable | 291 | €498,678 | €417,589 | -€81,089 | -16.3% |
| Amounts receivable within one year | 40/41 | €35,554 | €46,484 | +€10,930 | +30.7% |
| Trade receivables | 40 | €35,550 | €16,473 | -€19,078 | -53.7% |
| Other amounts receivable | 41 | €4 | €30,011 | +€30,008 | +793,851% |
| Cash at bank and in hand | 54/58 | €2,602 | €2,237 | -€365 | -14.0% |
| Deferred charges and accrued income | 490/1 | €437 | €149 | -€288 | -65.8% |
| Total equity and liabilities | 10/49 | €538,922 | €468,268 | -€70,654 | -13.1% |
| Equity | 10/15 | €264,314 | €191,558 | -€72,757 | -27.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €249,015 | €176,258 | -€72,757 | -29.2% |
| 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 | €247,155 | €174,398 | -€72,757 | -29.4% |
| Profit (loss) carried forward | 14 | €2,900 | €2,900 | = | 0.0% |
| Amounts payable | 17/49 | €274,608 | €276,710 | +€2,103 | +0.8% |
| Amounts payable within one year | 42/48 | €274,144 | €274,806 | +€662 | +0.2% |
| Financial debts | 43 | €115,000 | €114,996 | -€4 | 0.0% |
| Credit institutions | 430/8 | €115,000 | €114,996 | -€4 | 0.0% |
| Trade debts | 44 | €29,017 | €10,413 | -€18,603 | -64.1% |
| Suppliers | 440/4 | €29,017 | €10,413 | -€18,603 | -64.1% |
| Taxes, remuneration and social security | 45 | €114,127 | €133,397 | +€19,269 | +16.9% |
| Taxes | 450/3 | €114,127 | €133,397 | +€19,269 | +16.9% |
| Other amounts payable | 47/48 | €16,000 | €16,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €464 | €1,905 | +€1,441 | +310% |
| Non-recurring operating income | 76A | €463 | - | -€463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,972 | €1,040 | -€932 | -47.3% |
| Other operating charges | 640/8 | €7,272 | €3,573 | -€3,698 | -50.9% |
| Gross operating margin | 9900 | €43,178 | €128,450 | +€85,272 | +197% |
| Operating profit (loss) | 9901 | €33,934 | €123,837 | +€89,902 | +265% |
| Financial income | 75/76B | €26,293 | €19,666 | -€6,627 | -25.2% |
| Recurring financial income | 75 | €26,293 | €19,666 | -€6,627 | -25.2% |
| Financial charges | 65/66B | €14,498 | €11,291 | -€3,207 | -22.1% |
| Recurring financial charges | 65 | €14,498 | €11,291 | -€3,207 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €45,730 | €132,212 | +€86,482 | +189% |
| Income taxes | 67/77 | €14,999 | €42,879 | +€27,880 | +186% |
| Profit (loss) for the period | 9904 | €30,730 | €89,333 | +€58,602 | +191% |
| Profit (loss) for the period to be appropriated | 9905 | €30,730 | €89,333 | +€58,602 | +191% |
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 28 October 2026 via checked.be.