D.R.D. II: 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.D. II
Largest movements
- Tangible fixed assets -€41,566
down €41,566 (-2.3%), from €1.8m to €1.8m
of which Land and buildings: -€39,360
- Other debts +€69,269
up €69,269 (+6.7%), from €1.0m to €1.1m
- Profit (loss) carried forward -€52,304
down €52,304 (-124%), from -€42,063 to -€94,367
- Debts after one year -€36,559
down €36,559 (-5.0%), from €734,036 to €697,478
- Reserves -€18,676
down €18,676 (-41.4%), from €45,097 to €26,421
- Depreciation +€17,063
up €17,063 (+29.3%), from €58,185 to €75,249
- Gross operating margin +€11,962
up €11,962 (+29.6%), from €40,425 to €52,387
- Financial charges +€4,795
up €4,795 (+19.5%), from €24,647 to €29,442
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 | €1,827,566 | €1,787,681 | -€39,885 | -2.2% |
| Fixed assets | 21/28 | €1,817,441 | €1,775,876 | -€41,566 | -2.3% |
| Tangible fixed assets | 22/27 | €1,817,441 | €1,775,876 | -€41,566 | -2.3% |
| Land and buildings | 22 | €1,811,834 | €1,772,474 | -€39,360 | -2.2% |
| Plant, machinery and equipment | 23 | €2,211 | €798 | -€1,414 | -63.9% |
| Furniture and vehicles | 24 | €3,396 | €2,604 | -€792 | -23.3% |
| Current assets | 29/58 | €10,125 | €11,805 | +€1,680 | +16.6% |
| Amounts receivable within one year | 40/41 | €2,542 | €2,542 | = | 0.0% |
| Trade receivables | 40 | €2,297 | €2,297 | = | 0.0% |
| Other amounts receivable | 41 | €245 | €245 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,583 | €9,263 | +€1,680 | +22.2% |
| Total equity and liabilities | 10/49 | €1,827,566 | €1,787,681 | -€39,885 | -2.2% |
| Equity | 10/15 | €10,471 | -€60,509 | -€70,981 | |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €45,097 | €26,421 | -€18,676 | -41.4% |
| Distributable reserves | 133 | €45,097 | €26,421 | -€18,676 | -41.4% |
| Profit (loss) carried forward | 14 | -€42,063 | -€94,367 | -€52,304 | -124% |
| Amounts payable | 17/49 | €1,817,095 | €1,848,190 | +€31,095 | +1.7% |
| Amounts payable after more than one year | 17 | €734,036 | €697,478 | -€36,559 | -5.0% |
| Financial debts | 170/4 | €734,036 | €697,478 | -€36,559 | -5.0% |
| Amounts payable within one year | 42/48 | €1,083,058 | €1,150,713 | +€67,654 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €38,063 | €39,543 | +€1,480 | +3.9% |
| Trade debts | 44 | €4,668 | €1,112 | -€3,556 | -76.2% |
| Suppliers | 440/4 | €4,668 | €1,112 | -€3,556 | -76.2% |
| Taxes, remuneration and social security | 45 | €472 | €934 | +€462 | +97.7% |
| Taxes | 450/3 | €472 | €934 | +€462 | +97.7% |
| Other amounts payable | 47/48 | €1,039,855 | €1,109,124 | +€69,269 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,185 | €75,249 | +€17,063 | +29.3% |
| Gross operating margin | 9900 | €40,425 | €52,387 | +€11,962 | +29.6% |
| Operating profit (loss) | 9901 | -€17,760 | -€22,862 | -€5,101 | -28.7% |
| Financial charges | 65/66B | €24,647 | €29,442 | +€4,795 | +19.5% |
| Recurring financial charges | 65 | €24,647 | €29,442 | +€4,795 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | -€42,408 | -€52,304 | -€9,897 | -23.3% |
| Profit (loss) for the period | 9904 | -€42,408 | -€52,304 | -€9,897 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,408 | -€52,304 | -€9,897 | -23.3% |
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 29 October 2026 via checked.be.