D.R.B. PROJECT: 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.
D.R.B. PROJECT
Largest movements
- Tangible fixed assets +€69,546
up €69,546 (+114%), from €60,771 to €130,316
of which Furniture and vehicles: +€49,492
- Intangible fixed assets -€14,713
down €14,713 (-92.0%), from €16,000 to €1,287
- Receivables within one year +€7,032
up €7,032 (+1,229%), from €572 to €7,604
- Financial fixed assets -€6,000
down €6,000 (-83.8%), from €7,161 to €1,161
- Deferred charges and accrued income +€2,012
up €2,012 (+693%), from €290 to €2,302
- Debts after one year +€66,364
up €66,364 (+323%), from €20,533 to €86,898
of which Trade debts: +€34,571
- Tax, wage and social debts -€15,319
down €15,319 (-48.8%), from €31,415 to €16,096
of which Taxes: -€14,255
- Profit (loss) carried forward +€6,257
up €6,257 (+2.9%), from -€215,038 to -€208,781
- Current portion of long-term debt -€5,612
down €5,612 (-23.9%), from €23,529 to €17,917
- Trade debts +€2,814
up €2,814 (+6.2%), from €45,632 to €48,446
- Staff costs -€155,201
down €155,201 (-63.0%), from €246,435 to €91,235
- Gross operating margin -€147,614
down €147,614 (-52.5%), from €281,085 to €133,470
- Financial charges +€7,378
up €7,378 (+127%), from €5,813 to €13,191
- Depreciation -€5,599
down €5,599 (-20.6%), from €27,157 to €21,558
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 | €123,770 | €179,245 | +€55,475 | +44.8% |
| Fixed assets | 21/28 | €83,932 | €132,764 | +€48,833 | +58.2% |
| Intangible fixed assets | 21 | €16,000 | €1,287 | -€14,713 | -92.0% |
| Tangible fixed assets | 22/27 | €60,771 | €130,316 | +€69,546 | +114% |
| Plant, machinery and equipment | 23 | €22,817 | €9,396 | -€13,420 | -58.8% |
| Furniture and vehicles | 24 | €10,910 | €60,402 | +€49,492 | +454% |
| Other tangible fixed assets | 26 | €27,044 | €60,518 | +€33,474 | +124% |
| Financial fixed assets | 28 | €7,161 | €1,161 | -€6,000 | -83.8% |
| Current assets | 29/58 | €39,838 | €46,480 | +€6,642 | +16.7% |
| Stocks and contracts in progress | 3 | €36,910 | €35,150 | -€1,760 | -4.8% |
| Stocks | 30/36 | €36,910 | €35,150 | -€1,760 | -4.8% |
| Amounts receivable within one year | 40/41 | €572 | €7,604 | +€7,032 | +1,229% |
| Trade receivables | 40 | €572 | €7,604 | +€7,032 | +1,229% |
| Cash at bank and in hand | 54/58 | €2,066 | €1,424 | -€642 | -31.1% |
| Deferred charges and accrued income | 490/1 | €290 | €2,302 | +€2,012 | +693% |
| Total equity and liabilities | 10/49 | €123,770 | €179,245 | +€55,475 | +44.8% |
| Equity | 10/15 | €2,661 | €8,918 | +€6,257 | +235% |
| Contributions | 10/11 | €191,000 | €191,000 | = | 0.0% |
| Reserves | 13 | €26,699 | €26,699 | = | 0.0% |
| Distributable reserves | 133 | €26,699 | €26,699 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€215,038 | -€208,781 | +€6,257 | +2.9% |
| Amounts payable | 17/49 | €121,109 | €170,326 | +€49,218 | +40.6% |
| Amounts payable after more than one year | 17 | €20,533 | €86,898 | +€66,364 | +323% |
| Financial debts | 170/4 | €20,533 | €52,326 | +€31,793 | +155% |
| Trade debts | 175 | - | €34,571 | +€34,571 | |
| Amounts payable within one year | 42/48 | €100,576 | €82,459 | -€18,116 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €23,529 | €17,917 | -€5,612 | -23.9% |
| Trade debts | 44 | €45,632 | €48,446 | +€2,814 | +6.2% |
| Suppliers | 440/4 | €45,632 | €48,446 | +€2,814 | +6.2% |
| Taxes, remuneration and social security | 45 | €31,415 | €16,096 | -€15,319 | -48.8% |
| Taxes | 450/3 | €26,061 | €11,806 | -€14,255 | -54.7% |
| Remuneration and social security | 454/9 | €5,354 | €4,290 | -€1,064 | -19.9% |
| Accrued charges and deferred income | 492/3 | - | €970 | +€970 | |
| Remuneration, social security and pensions | 62 | €246,435 | €91,235 | -€155,201 | -63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,157 | €21,558 | -€5,599 | -20.6% |
| Other operating charges | 640/8 | €1,220 | €1,134 | -€86 | -7.1% |
| Gross operating margin | 9900 | €281,085 | €133,470 | -€147,614 | -52.5% |
| Operating profit (loss) | 9901 | €6,273 | €19,544 | +€13,271 | +212% |
| Financial income | 75/76B | €8 | €88 | +€80 | +956% |
| Recurring financial income | 75 | €8 | €88 | +€80 | +956% |
| Financial charges | 65/66B | €5,813 | €13,191 | +€7,378 | +127% |
| Recurring financial charges | 65 | €5,813 | €13,191 | +€7,378 | +127% |
| Profit (loss) for the period before taxes | 9903 | €468 | €6,441 | +€5,973 | +1,277% |
| Income taxes | 67/77 | €205 | €184 | -€21 | -10.3% |
| Profit (loss) for the period | 9904 | €263 | €6,257 | +€5,995 | +2,282% |
| Profit (loss) for the period to be appropriated | 9905 | €263 | €6,257 | +€5,995 | +2,282% |
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.