Van Driessche Stephane: 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.
Van Driessche Stephane
Largest movements
- Tangible fixed assets +€26,786
up €26,786 (+2141.5%), from €1,251 to €28,037
of which Furniture and vehicles: +€26,877
- Cash -€22,681
down €22,681 (-38.5%), from €58,838 to €36,157
mainly Investment in fixed assets (net) (-€30,500) and Contributions, distributions and other (-€8,311)
- Receivables within one year -€9,479
down €9,479 (-37.7%), from €25,116 to €15,637
of which Trade receivables: -€13,146
- Reserves +€81,689
new in 2025: €81,689
- Profit (loss) carried forward -€81,498
down €81,498 (-89.1%), from €91,453 to €9,955
- Tax, wage and social debts -€7,571
down €7,571 (-61.4%), from €12,337 to €4,766
of which Taxes: -€7,571
- Trade debts +€1,595
up €1,595 (+251.8%), from €633 to €2,229
- Gross operating margin -€20,745
down €20,745 (-50.8%), from €40,830 to €20,086
- Taxes -€4,079
down €4,079 (-57.3%), from €7,121 to €3,042
- Depreciation +€3,142
up €3,142 (+549.0%), from €572 to €3,714
- Financial income +€1,688
up €1,688 (+189664.0%), from €1 to €1,689
- Other operating charges +€1,372
up €1,372 (+27.4%), from €5,001 to €6,373
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 | €114,425 | €109,051 | -€5,373 | -4.7% |
| Fixed assets | 21/28 | €1,251 | €28,037 | +€26,786 | +2141.5% |
| Tangible fixed assets | 22/27 | €1,251 | €28,037 | +€26,786 | +2141.5% |
| Plant, machinery and equipment | 23 | €624 | €533 | -€91 | -14.6% |
| Furniture and vehicles | 24 | €627 | €27,504 | +€26,877 | +4288.7% |
| Current assets | 29/58 | €113,174 | €81,014 | -€32,159 | -28.4% |
| Amounts receivable after more than one year | 29 | €29,220 | €29,220 | = | 0.0% |
| Trade receivables | 290 | €29,220 | €0 | -€29,220 | -100.0% |
| Other amounts receivable | 291 | - | €29,220 | +€29,220 | |
| Amounts receivable within one year | 40/41 | €25,116 | €15,637 | -€9,479 | -37.7% |
| Trade receivables | 40 | €25,116 | €11,970 | -€13,146 | -52.3% |
| Other amounts receivable | 41 | €0 | €3,667 | +€3,667 | |
| Cash at bank and in hand | 54/58 | €58,838 | €36,157 | -€22,681 | -38.5% |
| Total equity and liabilities | 10/49 | €114,425 | €109,051 | -€5,373 | -4.7% |
| Equity | 10/15 | €101,453 | €101,645 | +€191 | +0.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €81,689 | +€81,689 | |
| Distributable reserves | 133 | - | €81,689 | +€81,689 | |
| Profit (loss) carried forward | 14 | €91,453 | €9,955 | -€81,498 | -89.1% |
| Amounts payable | 17/49 | €12,971 | €7,407 | -€5,565 | -42.9% |
| Amounts payable within one year | 42/48 | €12,971 | €6,995 | -€5,977 | -46.1% |
| Trade debts | 44 | €633 | €2,229 | +€1,595 | +251.8% |
| Suppliers | 440/4 | €633 | €2,229 | +€1,595 | +251.8% |
| Taxes, remuneration and social security | 45 | €12,337 | €4,766 | -€7,571 | -61.4% |
| Taxes | 450/3 | €9,837 | €2,266 | -€7,571 | -77.0% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €0 | -€0 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €412 | +€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €572 | €3,714 | +€3,142 | +549.0% |
| Other operating charges | 640/8 | €5,001 | €6,373 | +€1,372 | +27.4% |
| Gross operating margin | 9900 | €40,830 | €20,086 | -€20,745 | -50.8% |
| Operating profit (loss) | 9901 | €35,257 | €9,999 | -€25,258 | -71.6% |
| Financial income | 75/76B | €1 | €1,689 | +€1,688 | +189664.0% |
| Recurring financial income | 75 | €1 | €1,689 | +€1,688 | +189664.0% |
| Financial charges | 65/66B | €228 | €144 | -€84 | -36.7% |
| Recurring financial charges | 65 | €228 | €144 | -€84 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €35,030 | €11,544 | -€23,486 | -67.0% |
| Income taxes | 67/77 | €7,121 | €3,042 | -€4,079 | -57.3% |
| Profit (loss) for the period | 9904 | €27,909 | €8,502 | -€19,407 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,909 | €8,502 | -€19,407 | -69.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.