Private Drivers: 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.
Private Drivers
Largest movements
- Tangible fixed assets +€577,623
up €577,623 (+7491.6%), from €7,710 to €585,334
of which Land and buildings: +€579,982
- Intangible fixed assets -€70,380
down €70,380 (-100.0%), from €70,380 to €0
- Receivables within one year -€11,708
down €11,708 (-80.5%), from €14,540 to €2,833
of which Trade receivables: -€12,061
- Debts after one year +€477,613
up €477,613 (+813.7%), from €58,694 to €536,307
of which Financial debts: +€486,613
- Other debts +€73,087
up €73,087 (+17412.0%), from €420 to €73,507
- Profit (loss) carried forward -€42,070
down €42,070 (-2328.2%), from -€1,807 to -€43,877
- Tax, wage and social debts -€7,293
down €7,293 (-68.8%), from €10,602 to €3,309
of which Remuneration and social security: -€4,188
- Gross operating margin +€49,764
up €49,764 (+48.6%), from €102,346 to €152,110
- Depreciation +€41,097
up €41,097 (+88.8%), from €46,286 to €87,384
- Staff costs +€24,046
up €24,046 (+87.8%), from €27,383 to €51,429
- Financial charges +€19,635
up €19,635 (+1270.4%), from €1,546 to €21,180
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,839 | €637,237 | +€499,398 | +362.3% |
| Fixed assets | 21/28 | €79,765 | €587,009 | +€507,244 | +635.9% |
| Intangible fixed assets | 21 | €70,380 | €0 | -€70,380 | -100.0% |
| Tangible fixed assets | 22/27 | €7,710 | €585,334 | +€577,623 | +7491.6% |
| Land and buildings | 22 | - | €579,982 | +€579,982 | |
| Plant, machinery and equipment | 23 | €1,141 | €746 | -€395 | -34.6% |
| Furniture and vehicles | 24 | €6,570 | €4,606 | -€1,964 | -29.9% |
| Financial fixed assets | 28 | €1,675 | €1,675 | = | 0.0% |
| Current assets | 29/58 | €58,074 | €50,228 | -€7,846 | -13.5% |
| Amounts receivable within one year | 40/41 | €14,540 | €2,833 | -€11,708 | -80.5% |
| Trade receivables | 40 | €14,540 | €2,478 | -€12,061 | -83.0% |
| Other amounts receivable | 41 | €1 | €354 | +€353 | +40160.2% |
| Cash at bank and in hand | 54/58 | €41,829 | €43,419 | +€1,590 | +3.8% |
| Deferred charges and accrued income | 490/1 | €1,705 | €3,976 | +€2,272 | +133.3% |
| Total equity and liabilities | 10/49 | €137,839 | €637,237 | +€499,398 | +362.3% |
| Equity | 10/15 | €35,190 | -€6,881 | -€42,070 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €11,997 | €11,997 | = | 0.0% |
| Distributable reserves | 133 | €11,997 | €11,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,807 | -€43,877 | -€42,070 | -2328.2% |
| Amounts payable | 17/49 | €102,649 | €644,117 | +€541,469 | +527.5% |
| Amounts payable after more than one year | 17 | €58,694 | €536,307 | +€477,613 | +813.7% |
| Financial debts | 170/4 | €12,194 | €498,807 | +€486,613 | +3990.5% |
| Other amounts payable | 178/9 | €46,500 | €37,500 | -€9,000 | -19.4% |
| Amounts payable within one year | 42/48 | €43,954 | €107,810 | +€63,856 | +145.3% |
| Current portion of amounts payable after more than one year | 42 | €28,866 | €29,398 | +€532 | +1.8% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | €4,067 | €1,575 | -€2,492 | -61.3% |
| Suppliers | 440/4 | €4,067 | €1,575 | -€2,492 | -61.3% |
| Taxes, remuneration and social security | 45 | €10,602 | €3,309 | -€7,293 | -68.8% |
| Taxes | 450/3 | €6,414 | €3,309 | -€3,105 | -48.4% |
| Remuneration and social security | 454/9 | €4,188 | €0 | -€4,188 | -100.0% |
| Other amounts payable | 47/48 | €420 | €73,507 | +€73,087 | +17412.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €30,296 | +€30,296 | |
| Remuneration, social security and pensions | 62 | €27,383 | €51,429 | +€24,046 | +87.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,286 | €87,384 | +€41,097 | +88.8% |
| Other operating charges | 640/8 | €1,314 | €2,321 | +€1,007 | +76.6% |
| Non-recurring operating charges | 66A | - | €32,247 | +€32,247 | |
| Gross operating margin | 9900 | €102,346 | €152,110 | +€49,764 | +48.6% |
| Operating profit (loss) | 9901 | €27,363 | -€21,271 | -€48,633 | |
| Financial income | 75/76B | €19 | €526 | +€507 | +2652.9% |
| Recurring financial income | 75 | €19 | €526 | +€507 | +2652.9% |
| Financial charges | 65/66B | €1,546 | €21,180 | +€19,635 | +1270.4% |
| Recurring financial charges | 65 | €1,546 | €21,180 | +€19,635 | +1270.4% |
| Profit (loss) for the period before taxes | 9903 | €25,836 | -€41,925 | -€67,761 | |
| Income taxes | 67/77 | €693 | €146 | -€548 | -79.0% |
| Profit (loss) for the period | 9904 | €25,143 | -€42,070 | -€67,213 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,143 | -€42,070 | -€67,213 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.