Patrick 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.
Patrick Driesen
Largest movements
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Cash +€42,609
up €42,609 (+855%), from €4,985 to €47,593
mainly Current investments (+€60,000) and Net result for the year (+€40,528)
- Tangible fixed assets -€33,456
down €33,456 (-14.9%), from €224,908 to €191,452
of which Furniture and vehicles: -€21,272
- Receivables within one year -€8,992
down €8,992 (-28.7%), from €31,365 to €22,373
of which Trade receivables: -€11,492
- Reserves -€89,919
down €89,919 (-40.3%), from €223,366 to €133,447
- Other debts +€39,459
up €39,459 (+170%), from €23,169 to €62,628
- Debts after one year -€15,973
down €15,973 (-32.0%), from €49,967 to €33,994
- Tax, wage and social debts +€6,947
up €6,947 (+88.0%), from €7,894 to €14,841
- Gross operating margin -€3,951
down €3,951 (-3.9%), from €101,769 to €97,818
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 | €321,257 | €261,418 | -€59,839 | -18.6% |
| Fixed assets | 21/28 | €224,908 | €191,452 | -€33,456 | -14.9% |
| Tangible fixed assets | 22/27 | €224,908 | €191,452 | -€33,456 | -14.9% |
| Land and buildings | 22 | €140,359 | €128,662 | -€11,697 | -8.3% |
| Plant, machinery and equipment | 23 | €4,640 | €4,153 | -€487 | -10.5% |
| Furniture and vehicles | 24 | €79,909 | €58,636 | -€21,272 | -26.6% |
| Current assets | 29/58 | €96,349 | €69,966 | -€26,383 | -27.4% |
| Amounts receivable within one year | 40/41 | €31,365 | €22,373 | -€8,992 | -28.7% |
| Trade receivables | 40 | €31,365 | €19,873 | -€11,492 | -36.6% |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €4,985 | €47,593 | +€42,609 | +855% |
| Total equity and liabilities | 10/49 | €321,257 | €261,418 | -€59,839 | -18.6% |
| Equity | 10/15 | €223,366 | €133,447 | -€89,919 | -40.3% |
| Reserves | 13 | €223,366 | €133,447 | -€89,919 | -40.3% |
| Distributable reserves | 133 | €223,366 | €133,447 | -€89,919 | -40.3% |
| Amounts payable | 17/49 | €97,891 | €127,971 | +€30,080 | +30.7% |
| Amounts payable after more than one year | 17 | €49,967 | €33,994 | -€15,973 | -32.0% |
| Financial debts | 170/4 | €49,967 | €33,994 | -€15,973 | -32.0% |
| Amounts payable within one year | 42/48 | €47,924 | €93,977 | +€46,053 | +96.1% |
| Current portion of amounts payable after more than one year | 42 | €15,327 | €15,973 | +€646 | +4.2% |
| Trade debts | 44 | €1,534 | €535 | -€998 | -65.1% |
| Suppliers | 440/4 | €1,534 | €535 | -€998 | -65.1% |
| Taxes, remuneration and social security | 45 | €7,894 | €14,841 | +€6,947 | +88.0% |
| Taxes | 450/3 | €7,894 | €14,841 | +€6,947 | +88.0% |
| Other amounts payable | 47/48 | €23,169 | €62,628 | +€39,459 | +170% |
| Non-recurring operating income | 76A | €11,916 | - | -€11,916 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,751 | €33,456 | -€295 | -0.9% |
| Other operating charges | 640/8 | €3,783 | €3,731 | -€52 | -1.4% |
| Gross operating margin | 9900 | €101,769 | €97,818 | -€3,951 | -3.9% |
| Operating profit (loss) | 9901 | €64,235 | €60,631 | -€3,604 | -5.6% |
| Financial income | 75/76B | €663 | €507 | -€156 | -23.6% |
| Recurring financial income | 75 | €663 | €507 | -€156 | -23.6% |
| Financial charges | 65/66B | €3,311 | €2,654 | -€657 | -19.9% |
| Recurring financial charges | 65 | €3,311 | €2,654 | -€657 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €61,587 | €58,484 | -€3,103 | -5.0% |
| Income taxes | 67/77 | €18,528 | €17,956 | -€572 | -3.1% |
| Profit (loss) for the period | 9904 | €43,059 | €40,528 | -€2,531 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,059 | €40,528 | -€2,531 | -5.9% |
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 13 October 2026 via checked.be.