The Dreamfactory: 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.
The Dreamfactory
Largest movements
- Cash -€44,008
down €44,008 (-52.7%), from €83,450 to €39,441
mainly Contributions, distributions and other (-€32,857) and Investment in fixed assets (net) (-€21,426)
- Current investments +€10,583
up €10,583 (+4,233%), from €250 to €10,833
- Deferred charges and accrued income -€5,952
down €5,952 (-48.8%), from €12,199 to €6,247
- Receivables within one year +€4,542
up €4,542 (+58.2%), from €7,804 to €12,345
of which Trade receivables: +€9,760
- Tangible fixed assets +€2,366
up €2,366 (+2.4%), from €100,101 to €102,466
of which Furniture and vehicles: +€8,582
- Reserves -€25,861
down €25,861 (-28.2%), from €91,689 to €65,828
- Other debts -€18,623
down €18,623 (-34.0%), from €54,741 to €36,118
- Current portion of long-term debt +€5,517
up €5,517 (+80.0%), from €6,898 to €12,416
- Tax, wage and social debts +€4,630
up €4,630 (+125%), from €3,707 to €8,337
of which Taxes: +€3,480
- Debts after one year +€3,050
up €3,050 (+7.4%), from €41,269 to €44,320
- Gross operating margin -€18,624
down €18,624 (-35.0%), from €53,226 to €34,602
- Write-downs -€9,572
no longer reported in 2025 (was €9,572)
- Taxes -€2,766
down €2,766 (-39.8%), from €6,957 to €4,191
- Other operating charges +€542
up €542 (+34.5%), from €1,572 to €2,114
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 | €203,802 | €171,333 | -€32,469 | -15.9% |
| Fixed assets | 21/28 | €100,101 | €102,466 | +€2,366 | +2.4% |
| Tangible fixed assets | 22/27 | €100,101 | €102,466 | +€2,366 | +2.4% |
| Land and buildings | 22 | €57,748 | €52,098 | -€5,650 | -9.8% |
| Plant, machinery and equipment | 23 | €4,359 | €3,793 | -€566 | -13.0% |
| Furniture and vehicles | 24 | €37,994 | €46,576 | +€8,582 | +22.6% |
| Current assets | 29/58 | €103,702 | €68,867 | -€34,835 | -33.6% |
| Amounts receivable within one year | 40/41 | €7,804 | €12,345 | +€4,542 | +58.2% |
| Trade receivables | 40 | €942 | €10,702 | +€9,760 | +1,036% |
| Other amounts receivable | 41 | €6,861 | €1,644 | -€5,218 | -76.0% |
| Current investments | 50/53 | €250 | €10,833 | +€10,583 | +4,233% |
| Cash at bank and in hand | 54/58 | €83,450 | €39,441 | -€44,008 | -52.7% |
| Deferred charges and accrued income | 490/1 | €12,199 | €6,247 | -€5,952 | -48.8% |
| Total equity and liabilities | 10/49 | €203,802 | €171,333 | -€32,469 | -15.9% |
| Equity | 10/15 | €91,689 | €65,828 | -€25,861 | -28.2% |
| Reserves | 13 | €91,689 | €65,828 | -€25,861 | -28.2% |
| Distributable reserves | 133 | €91,689 | €65,828 | -€25,861 | -28.2% |
| Amounts payable | 17/49 | €112,114 | €105,505 | -€6,609 | -5.9% |
| Amounts payable after more than one year | 17 | €41,269 | €44,320 | +€3,050 | +7.4% |
| Financial debts | 170/4 | €41,269 | €44,320 | +€3,050 | +7.4% |
| Amounts payable within one year | 42/48 | €70,844 | €61,186 | -€9,659 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €6,898 | €12,416 | +€5,517 | +80.0% |
| Trade debts | 44 | €5,105 | €4,315 | -€790 | -15.5% |
| Suppliers | 440/4 | €5,105 | €4,315 | -€790 | -15.5% |
| Advances received on contracts in progress | 46 | €393 | - | -€393 | |
| Taxes, remuneration and social security | 45 | €3,707 | €8,337 | +€4,630 | +125% |
| Taxes | 450/3 | €3,707 | €7,187 | +€3,480 | +93.9% |
| Remuneration and social security | 454/9 | - | €1,150 | +€1,150 | |
| Other amounts payable | 47/48 | €54,741 | €36,118 | -€18,623 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,929 | €19,061 | +€131 | +0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,572 | - | -€9,572 | |
| Other operating charges | 640/8 | €1,572 | €2,114 | +€542 | +34.5% |
| Gross operating margin | 9900 | €53,226 | €34,602 | -€18,624 | -35.0% |
| Operating profit (loss) | 9901 | €23,153 | €13,428 | -€9,725 | -42.0% |
| Financial income | 75/76B | €15 | €245 | +€229 | +1,492% |
| Recurring financial income | 75 | €15 | €245 | +€229 | +1,492% |
| Financial charges | 65/66B | €2,802 | €2,485 | -€317 | -11.3% |
| Recurring financial charges | 65 | €2,802 | €2,485 | -€317 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €20,366 | €11,188 | -€9,178 | -45.1% |
| Income taxes | 67/77 | €6,957 | €4,191 | -€2,766 | -39.8% |
| Profit (loss) for the period | 9904 | €13,409 | €6,997 | -€6,413 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,409 | €6,997 | -€6,413 | -47.8% |
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 18 October 2026 via checked.be.