D.R.L.: 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.L.
Largest movements
- Receivables within one year -€93,289
down €93,289 (-23.2%), from €401,872 to €308,583
of which Trade receivables: -€94,699
- Cash -€38,899
down €38,899 (-67.4%), from €57,699 to €18,800
mainly Advances received (-€92,000) and Trade debts (-€50,898)
- Stocks and contracts +€30,073
up €30,073 (+29.9%), from €100,737 to €130,810
- Tangible fixed assets -€19,331
down €19,331 (-22.6%), from €85,695 to €66,364
of which Other tangible fixed assets: -€18,641
- Advances received -€92,000
no longer reported in 2024 (was €92,000)
- Trade debts -€50,898
down €50,898 (-41.6%), from €122,331 to €71,433
- Short-term financial debts +€28,689
up €28,689 (+25.8%), from €111,311 to €140,000
- Tax, wage and social debts -€14,440
down €14,440 (-62.6%), from €23,072 to €8,632
of which Taxes: -€17,404
- Purchases and services +€88,825
up €88,825 (+12.6%), from €706,801 to €795,626
- Turnover +€25,855
up €25,855 (+3.3%), from €787,868 to €813,723
- Depreciation -€18,577
down €18,577 (-88.1%), from €21,084 to €2,507
- Financial charges +€12,887
up €12,887 (+119%), from €10,841 to €23,728
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €649,482 | €527,980 | -€121,502 | -18.7% |
| Fixed assets | 21/28 | €85,751 | €66,364 | -€19,387 | -22.6% |
| Tangible fixed assets | 22/27 | €85,695 | €66,364 | -€19,331 | -22.6% |
| Land and buildings | 22 | €61,544 | €61,544 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,510 | €4,146 | -€1,364 | -24.8% |
| Furniture and vehicles | 24 | - | €674 | +€674 | |
| Other tangible fixed assets | 26 | €18,641 | - | -€18,641 | |
| Financial fixed assets | 28 | €56 | €0 | -€56 | -100% |
| Current assets | 29/58 | €563,731 | €461,616 | -€102,115 | -18.1% |
| Stocks and contracts in progress | 3 | €100,737 | €130,810 | +€30,073 | +29.9% |
| Stocks | 30/36 | €100,737 | €130,810 | +€30,073 | +29.9% |
| Amounts receivable within one year | 40/41 | €401,872 | €308,583 | -€93,289 | -23.2% |
| Trade receivables | 40 | €381,052 | €286,353 | -€94,699 | -24.9% |
| Other amounts receivable | 41 | €20,820 | €22,230 | +€1,410 | +6.8% |
| Cash at bank and in hand | 54/58 | €57,699 | €18,800 | -€38,899 | -67.4% |
| Deferred charges and accrued income | 490/1 | €3,423 | €3,423 | = | 0.0% |
| Total equity and liabilities | 10/49 | €649,482 | €527,980 | -€121,502 | -18.7% |
| Equity | 10/15 | €291,445 | €294,807 | +€3,362 | +1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €251,859 | €251,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,994 | €24,356 | +€3,362 | +16.0% |
| Amounts payable | 17/49 | €358,037 | €233,173 | -€124,864 | -34.9% |
| Amounts payable after more than one year | 17 | €6,233 | €6,852 | +€619 | +9.9% |
| Financial debts | 170/4 | €6,233 | €6,852 | +€619 | +9.9% |
| Amounts payable within one year | 42/48 | €351,804 | €226,321 | -€125,483 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €3,090 | €6,256 | +€3,166 | +102% |
| Financial debts | 43 | €111,311 | €140,000 | +€28,689 | +25.8% |
| Credit institutions | 430/8 | €111,311 | €140,000 | +€28,689 | +25.8% |
| Trade debts | 44 | €122,331 | €71,433 | -€50,898 | -41.6% |
| Suppliers | 440/4 | €122,331 | €71,433 | -€50,898 | -41.6% |
| Advances received on contracts in progress | 46 | €92,000 | - | -€92,000 | |
| Taxes, remuneration and social security | 45 | €23,072 | €8,632 | -€14,440 | -62.6% |
| Taxes | 450/3 | €19,053 | €1,649 | -€17,404 | -91.3% |
| Remuneration and social security | 454/9 | €4,019 | €6,983 | +€2,964 | +73.7% |
| Turnover | 70 | €787,868 | €813,723 | +€25,855 | +3.3% |
| Non-recurring operating income | 76A | - | €46,903 | +€46,903 | |
| Goods, raw materials, services and sundry goods | 60/61 | €706,801 | €795,626 | +€88,825 | +12.6% |
| Remuneration, social security and pensions | 62 | €45,220 | €43,108 | -€2,112 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,084 | €2,507 | -€18,577 | -88.1% |
| Other operating charges | 640/8 | €3,707 | €2,308 | -€1,399 | -37.7% |
| Gross operating margin | 9900 | €82,585 | €78,362 | -€4,223 | -5.1% |
| Operating profit (loss) | 9901 | €12,574 | €30,439 | +€17,865 | +142% |
| Financial income | 75/76B | €246 | - | -€246 | |
| Recurring financial income | 75 | €246 | - | -€246 | |
| Financial charges | 65/66B | €10,841 | €23,728 | +€12,887 | +119% |
| Recurring financial charges | 65 | €10,841 | €23,728 | +€12,887 | +119% |
| Profit (loss) for the period before taxes | 9903 | €1,979 | €6,711 | +€4,732 | +239% |
| Income taxes | 67/77 | -€1,747 | €3,349 | +€5,096 | |
| Profit (loss) for the period | 9904 | €3,726 | €3,362 | -€364 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,726 | €3,362 | -€364 | -9.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.