Rik Dries: 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.
Rik Dries
Largest movements
- Tangible fixed assets -€167,484
down €167,484 (-88.3%), from €189,575 to €22,091
of which Leasing and similar rights: -€167,149
- Stocks and contracts +€106,500
up €106,500 (+95.9%), from €111,000 to €217,500
- Cash +€104,248
new in 2025: €104,248
mainly Investment in fixed assets (net) (+€148,547) and Net result for the year (+€82,690)
- Deferred charges and accrued income -€32,309
down €32,309 (-44.0%), from €73,510 to €41,200
- Receivables within one year -€29,221
down €29,221 (-11.3%), from €258,503 to €229,282
of which Other amounts receivable: -€15,751
- Reserves +€82,690
up €82,690 (+53.2%), from €155,316 to €238,006
- Trade debts -€51,789
down €51,789 (-31.7%), from €163,448 to €111,658
- Debts after one year -€45,041
down €45,041 (-28.4%), from €158,625 to €113,584
- Accrued charges and deferred income +€33,578
new in 2025: €33,578
- Tax, wage and social debts -€25,079
down €25,079 (-31.6%), from €79,246 to €54,167
of which Taxes: -€16,405
- Depreciation -€40,455
down €40,455 (-68.1%), from €59,392 to €18,937
- Gross operating margin +€38,859
up €38,859 (+30.9%), from €125,893 to €164,752
- Staff costs -€20,734
down €20,734 (-100%), from €20,734 to €0
- Financial charges -€4,489
down €4,489 (-15.4%), from €29,095 to €24,606
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 | €632,588 | €614,321 | -€18,267 | -2.9% |
| Fixed assets | 21/28 | €189,575 | €22,091 | -€167,484 | -88.3% |
| Tangible fixed assets | 22/27 | €189,575 | €22,091 | -€167,484 | -88.3% |
| Plant, machinery and equipment | 23 | €16,225 | €17,342 | +€1,117 | +6.9% |
| Furniture and vehicles | 24 | €2,760 | €1,308 | -€1,452 | -52.6% |
| Leasing and similar rights | 25 | €170,590 | €3,441 | -€167,149 | -98.0% |
| Current assets | 29/58 | €443,013 | €592,230 | +€149,217 | +33.7% |
| Stocks and contracts in progress | 3 | €111,000 | €217,500 | +€106,500 | +95.9% |
| Stocks | 30/36 | €111,000 | €217,500 | +€106,500 | +95.9% |
| Amounts receivable within one year | 40/41 | €258,503 | €229,282 | -€29,221 | -11.3% |
| Trade receivables | 40 | €174,189 | €160,719 | -€13,470 | -7.7% |
| Other amounts receivable | 41 | €84,314 | €68,563 | -€15,751 | -18.7% |
| Cash at bank and in hand | 54/58 | - | €104,248 | +€104,248 | |
| Deferred charges and accrued income | 490/1 | €73,510 | €41,200 | -€32,309 | -44.0% |
| Total equity and liabilities | 10/49 | €632,588 | €614,321 | -€18,267 | -2.9% |
| Equity | 10/15 | €160,316 | €243,006 | +€82,690 | +51.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €155,316 | €238,006 | +€82,690 | +53.2% |
| Distributable reserves | 133 | €155,316 | €238,006 | +€82,690 | +53.2% |
| Amounts payable | 17/49 | €472,272 | €371,315 | -€100,956 | -21.4% |
| Amounts payable after more than one year | 17 | €158,625 | €113,584 | -€45,041 | -28.4% |
| Financial debts | 170/4 | €158,625 | €113,584 | -€45,041 | -28.4% |
| Amounts payable within one year | 42/48 | €313,647 | €224,154 | -€89,493 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €63,687 | €58,329 | -€5,358 | -8.4% |
| Financial debts | 43 | €7,267 | €0 | -€7,267 | -100% |
| Credit institutions | 430/8 | €7,267 | €0 | -€7,267 | -100% |
| Trade debts | 44 | €163,448 | €111,658 | -€51,789 | -31.7% |
| Suppliers | 440/4 | €163,448 | €111,658 | -€51,789 | -31.7% |
| Taxes, remuneration and social security | 45 | €79,246 | €54,167 | -€25,079 | -31.6% |
| Taxes | 450/3 | €70,572 | €54,167 | -€16,405 | -23.2% |
| Remuneration and social security | 454/9 | €8,674 | €0 | -€8,674 | -100% |
| Accrued charges and deferred income | 492/3 | - | €33,578 | +€33,578 | |
| Non-recurring operating income | 76A | €0 | €9,504 | +€9,504 | |
| Remuneration, social security and pensions | 62 | €20,734 | €0 | -€20,734 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,392 | €18,937 | -€40,455 | -68.1% |
| Other operating charges | 640/8 | €8,460 | €7,907 | -€553 | -6.5% |
| Non-recurring operating charges | 66A | €0 | €35,885 | +€35,885 | |
| Gross operating margin | 9900 | €125,893 | €164,752 | +€38,859 | +30.9% |
| Operating profit (loss) | 9901 | €37,306 | €102,023 | +€64,717 | +173% |
| Financial income | 75/76B | €3,973 | €5,272 | +€1,300 | +32.7% |
| Recurring financial income | 75 | €3,973 | €5,272 | +€1,300 | +32.7% |
| Financial charges | 65/66B | €29,095 | €24,606 | -€4,489 | -15.4% |
| Recurring financial charges | 65 | €29,095 | €24,606 | -€4,489 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €12,184 | €82,690 | +€70,506 | +579% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €12,184 | €82,690 | +€70,506 | +579% |
| Profit (loss) for the period to be appropriated | 9905 | €12,184 | €82,690 | +€70,506 | +579% |
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 20 October 2026 via checked.be.