Anton Draye: 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.
Anton Draye
Largest movements
- Deferred charges and accrued income -€4,034
down €4,034 (-22.2%), from €18,169 to €14,136
- Receivables within one year +€2,955
up €2,955 (+13.5%), from €21,949 to €24,904
of which Trade receivables: +€2,989
- Cash -€1,615
down €1,615 (-86.3%), from €1,871 to €256
mainly Receivables within one year (-€2,955) and Trade debts (-€2,786)
- Trade debts -€2,786
down €2,786 (-18.1%), from €15,420 to €12,633
- Tax, wage and social debts +€2,616
up €2,616 (+29.4%), from €8,888 to €11,504
of which Taxes: +€3,616
- Debts after one year -€2,412
down €2,412 (-16.9%), from €14,230 to €11,818
- Gross operating margin +€7,465
up €7,465, from -€839 to €6,626
- Other operating charges +€837
up €837 (+60.1%), from €1,391 to €2,228
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 | €43,038 | €40,044 | -€2,994 | -7.0% |
| Fixed assets | 21/28 | €1,048 | €748 | -€300 | -28.6% |
| Tangible fixed assets | 22/27 | €1,048 | €748 | -€300 | -28.6% |
| Furniture and vehicles | 24 | €1,048 | €748 | -€300 | -28.6% |
| Current assets | 29/58 | €41,990 | €39,296 | -€2,694 | -6.4% |
| Amounts receivable within one year | 40/41 | €21,949 | €24,904 | +€2,955 | +13.5% |
| Trade receivables | 40 | €21,915 | €24,904 | +€2,989 | +13.6% |
| Other amounts receivable | 41 | €34 | €0 | -€34 | -100% |
| Cash at bank and in hand | 54/58 | €1,871 | €256 | -€1,615 | -86.3% |
| Deferred charges and accrued income | 490/1 | €18,169 | €14,136 | -€4,034 | -22.2% |
| Total equity and liabilities | 10/49 | €43,038 | €40,044 | -€2,994 | -7.0% |
| Equity | 10/15 | €4,501 | €4,089 | -€412 | -9.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,501 | €1,089 | -€412 | -27.4% |
| Distributable reserves | 133 | €1,501 | €1,089 | -€412 | -27.4% |
| Amounts payable | 17/49 | €38,537 | €35,955 | -€2,582 | -6.7% |
| Amounts payable after more than one year | 17 | €14,230 | €11,818 | -€2,412 | -16.9% |
| Other amounts payable | 178/9 | €14,230 | €11,818 | -€2,412 | -16.9% |
| Amounts payable within one year | 42/48 | €24,307 | €24,137 | -€170 | -0.7% |
| Trade debts | 44 | €15,420 | €12,633 | -€2,786 | -18.1% |
| Suppliers | 440/4 | €15,420 | €12,633 | -€2,786 | -18.1% |
| Taxes, remuneration and social security | 45 | €8,888 | €11,504 | +€2,616 | +29.4% |
| Taxes | 450/3 | €6,388 | €10,004 | +€3,616 | +56.6% |
| Remuneration and social security | 454/9 | €2,500 | €1,500 | -€1,000 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €300 | = | 0.0% |
| Other operating charges | 640/8 | €1,391 | €2,228 | +€837 | +60.1% |
| Gross operating margin | 9900 | -€839 | €6,626 | +€7,465 | |
| Operating profit (loss) | 9901 | -€2,530 | €4,098 | +€6,628 | |
| Financial charges | 65/66B | €4,158 | €4,213 | +€55 | +1.3% |
| Recurring financial charges | 65 | €4,158 | €4,213 | +€55 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,688 | -€114 | +€6,574 | +98.3% |
| Income taxes | 67/77 | €278 | €298 | +€20 | +7.1% |
| Profit (loss) for the period | 9904 | -€6,966 | -€412 | +€6,554 | +94.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,966 | -€412 | +€6,554 | +94.1% |
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 14 October 2026 via checked.be.