VAN DRIESSCHE: 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.
VAN DRIESSCHE
Largest movements
- Receivables within one year -€46,082
down €46,082 (-51.5%), from €89,502 to €43,420
of which Trade receivables: -€44,465
- Stocks and contracts -€41,316
down €41,316 (-39.3%), from €105,000 to €63,684
- Tangible fixed assets -€27,854
down €27,854 (-9.4%), from €295,654 to €267,800
of which Other tangible fixed assets: -€18,991
- Formation expenses -€15,000
down €15,000 (-20.0%), from €74,959 to €59,959
- Reserves -€97,861
down €97,861 (-88.0%), from €111,151 to €13,290
of which Distributable reserves: -€97,861
- Profit (loss) carried forward -€54,922
no longer reported in 2025 (was €54,922)
- Other debts -€52,967
down €52,967 (-89.7%), from €59,027 to €6,060
- Debts after one year +€52,232
up €52,232 (+32.6%), from €160,165 to €212,397
of which Other amounts payable: +€79,000
- Trade debts +€16,984
up €16,984 (+22.2%), from €76,621 to €93,604
- Gross operating margin -€196,860
down €196,860, from €178,793 to -€18,067
- Other operating charges -€18,337
down €18,337 (-54.2%), from €33,810 to €15,473
- Financial charges -€17,442
down €17,442 (-63.3%), from €27,534 to €10,092
- Staff costs -€15,374
down €15,374 (-18.8%), from €81,683 to €66,308
- Depreciation +€13,390
up €13,390 (+45.4%), from €29,464 to €42,854
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
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 | €566,709 | €435,601 | -€131,109 | -23.1% |
| Formation expenses | 20 | €74,959 | €59,959 | -€15,000 | -20.0% |
| Fixed assets | 21/28 | €295,654 | €267,800 | -€27,854 | -9.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €295,654 | €267,800 | -€27,854 | -9.4% |
| Plant, machinery and equipment | 23 | €25,924 | €17,061 | -€8,863 | -34.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €269,730 | €250,739 | -€18,991 | -7.0% |
| Current assets | 29/58 | €196,096 | €107,842 | -€88,255 | -45.0% |
| Stocks and contracts in progress | 3 | €105,000 | €63,684 | -€41,316 | -39.3% |
| Stocks | 30/36 | €105,000 | €63,684 | -€41,316 | -39.3% |
| Amounts receivable within one year | 40/41 | €89,502 | €43,420 | -€46,082 | -51.5% |
| Trade receivables | 40 | €87,629 | €43,164 | -€44,465 | -50.7% |
| Other amounts receivable | 41 | €1,873 | €256 | -€1,617 | -86.3% |
| Cash at bank and in hand | 54/58 | €1,047 | €737 | -€309 | -29.6% |
| Deferred charges and accrued income | 490/1 | €547 | - | -€547 | |
| Total equity and liabilities | 10/49 | €566,709 | €435,601 | -€131,109 | -23.1% |
| Equity | 10/15 | €227,574 | €74,790 | -€152,784 | -67.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €111,151 | €13,290 | -€97,861 | -88.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | - | -€6,150 | |
| Reserves not available under the articles | 1311 | - | €6,150 | +€6,150 | |
| Tax-exempt reserves | 132 | €48 | €48 | = | 0.0% |
| Distributable reserves | 133 | €104,953 | €7,092 | -€97,861 | -93.2% |
| Profit (loss) carried forward | 14 | €54,922 | - | -€54,922 | |
| Amounts payable | 17/49 | €339,135 | €360,811 | +€21,675 | +6.4% |
| Amounts payable after more than one year | 17 | €160,165 | €212,397 | +€52,232 | +32.6% |
| Financial debts | 170/4 | €160,165 | €133,397 | -€26,768 | -16.7% |
| Other amounts payable | 178/9 | - | €79,000 | +€79,000 | |
| Amounts payable within one year | 42/48 | €178,358 | €141,201 | -€37,157 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €31,327 | €28,713 | -€2,614 | -8.3% |
| Financial debts | 43 | €166 | €258 | +€92 | +55.6% |
| Credit institutions | 430/8 | €166 | €258 | +€92 | +55.6% |
| Trade debts | 44 | €76,621 | €93,604 | +€16,984 | +22.2% |
| Suppliers | 440/4 | €76,621 | €93,604 | +€16,984 | +22.2% |
| Taxes, remuneration and social security | 45 | €11,218 | €12,566 | +€1,348 | +12.0% |
| Taxes | 450/3 | €3,781 | €5,984 | +€2,203 | +58.3% |
| Remuneration and social security | 454/9 | €7,437 | €6,581 | -€855 | -11.5% |
| Other amounts payable | 47/48 | €59,027 | €6,060 | -€52,967 | -89.7% |
| Accrued charges and deferred income | 492/3 | €612 | €7,212 | +€6,600 | +1078.4% |
| Remuneration, social security and pensions | 62 | €81,683 | €66,308 | -€15,374 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,464 | €42,854 | +€13,390 | +45.4% |
| Other operating charges | 640/8 | €33,810 | €15,473 | -€18,337 | -54.2% |
| Gross operating margin | 9900 | €178,793 | -€18,067 | -€196,860 | |
| Operating profit (loss) | 9901 | €33,837 | -€142,702 | -€176,539 | |
| Financial income | 75/76B | €57 | €10 | -€47 | -82.6% |
| Recurring financial income | 75 | €57 | €10 | -€47 | -82.6% |
| Financial charges | 65/66B | €27,534 | €10,092 | -€17,442 | -63.3% |
| Recurring financial charges | 65 | €27,534 | €10,092 | -€17,442 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €6,360 | -€152,784 | -€159,143 | |
| Profit (loss) for the period | 9904 | €6,360 | -€152,784 | -€159,143 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,360 | -€152,784 | -€159,143 |
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 9 October 2026 via checked.be.