2 DRAGONS: 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.
2 DRAGONS
Largest movements
- Receivables within one year +€17,251
new in 2025: €17,251
of which Trade receivables: +€15,100
- Intangible fixed assets -€11,500
down €11,500 (-6.2%), from €185,701 to €174,201
- Stocks and contracts -€6,626
down €6,626 (-4.0%), from €164,508 to €157,882
- Trade debts +€26,492
up €26,492 (+89.7%), from €29,544 to €56,036
- Other debts -€17,490
down €17,490 (-22.7%), from €76,919 to €59,429
- Tax, wage and social debts -€12,075
down €12,075 (-23.7%), from €50,880 to €38,805
of which Taxes: -€11,889
- Profit (loss) carried forward +€5,380
up €5,380 (+5.0%), from €108,313 to €113,693
- Turnover -€219,634
down €219,634 (-20.3%), from €1.1m to €862,844
- Purchases and services -€195,585
down €195,585 (-19.7%), from €994,931 to €799,346
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 | €353,588 | €353,461 | -€127 | 0.0% |
| Fixed assets | 21/28 | €185,701 | €174,201 | -€11,500 | -6.2% |
| Intangible fixed assets | 21 | €185,701 | €174,201 | -€11,500 | -6.2% |
| Current assets | 29/58 | €167,887 | €179,260 | +€11,373 | +6.8% |
| Stocks and contracts in progress | 3 | €164,508 | €157,882 | -€6,626 | -4.0% |
| Stocks | 30/36 | €164,508 | €157,882 | -€6,626 | -4.0% |
| Amounts receivable within one year | 40/41 | - | €17,251 | +€17,251 | |
| Trade receivables | 40 | - | €15,100 | +€15,100 | |
| Other amounts receivable | 41 | - | €2,151 | +€2,151 | |
| Cash at bank and in hand | 54/58 | €3,379 | €4,127 | +€748 | +22.1% |
| Total equity and liabilities | 10/49 | €353,588 | €353,461 | -€127 | 0.0% |
| Equity | 10/15 | €129,291 | €134,671 | +€5,380 | +4.2% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Contributions outside capital | 11 | €13,700 | - | -€13,700 | |
| Other | 1109/19 | €13,700 | - | -€13,700 | |
| Reserves | 13 | €7,278 | €7,278 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,278 | €7,278 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,278 | €7,278 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,313 | €113,693 | +€5,380 | +5.0% |
| Amounts payable | 17/49 | €224,297 | €218,790 | -€5,507 | -2.5% |
| Amounts payable after more than one year | 17 | €66,904 | €64,470 | -€2,434 | -3.6% |
| Financial debts | 170/4 | €66,904 | €64,470 | -€2,434 | -3.6% |
| Amounts payable within one year | 42/48 | €157,393 | €154,320 | -€3,073 | -2.0% |
| Financial debts | 43 | €50 | €50 | = | 0.0% |
| Credit institutions | 430/8 | €50 | €50 | = | 0.0% |
| Trade debts | 44 | €29,544 | €56,036 | +€26,492 | +89.7% |
| Suppliers | 440/4 | €29,544 | €56,036 | +€26,492 | +89.7% |
| Taxes, remuneration and social security | 45 | €50,880 | €38,805 | -€12,075 | -23.7% |
| Taxes | 450/3 | €28,727 | €16,838 | -€11,889 | -41.4% |
| Remuneration and social security | 454/9 | €22,153 | €21,967 | -€186 | -0.8% |
| Other amounts payable | 47/48 | €76,919 | €59,429 | -€17,490 | -22.7% |
| Turnover | 70 | €1,082,478 | €862,844 | -€219,634 | -20.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €994,931 | €799,346 | -€195,585 | -19.7% |
| Remuneration, social security and pensions | 62 | €47,974 | €44,230 | -€3,744 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,500 | €11,500 | = | 0.0% |
| Other operating charges | 640/8 | €5,459 | €15,037 | +€9,578 | +175% |
| Gross operating margin | 9900 | €89,053 | €87,407 | -€1,646 | -1.8% |
| Operating profit (loss) | 9901 | €24,120 | €16,640 | -€7,480 | -31.0% |
| Financial charges | 65/66B | €16,987 | €9,467 | -€7,520 | -44.3% |
| Recurring financial charges | 65 | €16,987 | €9,467 | -€7,520 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €7,133 | €7,173 | +€40 | +0.6% |
| Income taxes | 67/77 | €1,783 | €1,793 | +€10 | +0.6% |
| Profit (loss) for the period | 9904 | €5,350 | €5,380 | +€30 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,350 | €5,380 | +€30 | +0.6% |
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 25 October 2026 via checked.be.