D.R.S.: 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.S.
Largest movements
- Cash +€11,089
up €11,089 (+80.0%), from €13,866 to €24,955
mainly Net result for the year (+€16,768) and Depreciation (+€8,475)
- Tangible fixed assets -€7,833
down €7,833 (-46.3%), from €16,924 to €9,091
of which Furniture and vehicles: -€6,294
- Receivables within one year -€6,743
down €6,743 (-14.2%), from €47,582 to €40,839
of which Trade receivables: -€7,751
- Stocks and contracts +€4,661
up €4,661 (+7.8%), from €60,128 to €64,789
- Reserves +€12,000
up €12,000 (+43.4%), from €27,674 to €39,674
of which Distributable reserves: +€12,000
- Trade debts -€6,540
down €6,540 (-69.5%), from €9,409 to €2,869
- Debts after one year -€6,389
down €6,389 (-92.2%), from €6,930 to €541
- Profit (loss) carried forward +€4,768
up €4,768, from -€3,961 to €807
- Other debts -€3,408
down €3,408 (-11.8%), from €29,000 to €25,592
- Gross operating margin +€14,982
up €14,982 (+54.2%), from €27,648 to €42,629
- Purchases and services -€13,470
down €13,470 (-12.3%), from €109,719 to €96,249
- Taxes +€8,267
new in 2025: €8,267
- Other operating charges -€3,501
down €3,501 (-57.0%), from €6,147 to €2,646
- Turnover +€1,512
up €1,512 (+1.1%), from €137,366 to €138,878
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 | €144,277 | €145,639 | +€1,363 | +0.9% |
| Fixed assets | 21/28 | €16,924 | €9,091 | -€7,833 | -46.3% |
| Tangible fixed assets | 22/27 | €16,924 | €9,091 | -€7,833 | -46.3% |
| Plant, machinery and equipment | 23 | €2,727 | €1,815 | -€912 | -33.4% |
| Furniture and vehicles | 24 | €13,175 | €6,881 | -€6,294 | -47.8% |
| Other tangible fixed assets | 26 | €1,022 | €395 | -€627 | -61.4% |
| Current assets | 29/58 | €127,352 | €136,548 | +€9,196 | +7.2% |
| Stocks and contracts in progress | 3 | €60,128 | €64,789 | +€4,661 | +7.8% |
| Stocks | 30/36 | €60,128 | €64,789 | +€4,661 | +7.8% |
| Amounts receivable within one year | 40/41 | €47,582 | €40,839 | -€6,743 | -14.2% |
| Trade receivables | 40 | €45,225 | €37,474 | -€7,751 | -17.1% |
| Other amounts receivable | 41 | €2,356 | €3,365 | +€1,008 | +42.8% |
| Cash at bank and in hand | 54/58 | €13,866 | €24,955 | +€11,089 | +80.0% |
| Deferred charges and accrued income | 490/1 | €5,777 | €5,965 | +€188 | +3.3% |
| Total equity and liabilities | 10/49 | €144,277 | €145,639 | +€1,363 | +0.9% |
| Equity | 10/15 | €85,213 | €101,981 | +€16,768 | +19.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €27,674 | €39,674 | +€12,000 | +43.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €21,524 | €33,524 | +€12,000 | +55.8% |
| Profit (loss) carried forward | 14 | -€3,961 | €807 | +€4,768 | |
| Amounts payable | 17/49 | €59,064 | €43,658 | -€15,405 | -26.1% |
| Amounts payable after more than one year | 17 | €6,930 | €541 | -€6,389 | -92.2% |
| Financial debts | 170/4 | €6,930 | €541 | -€6,389 | -92.2% |
| Amounts payable within one year | 42/48 | €52,133 | €43,117 | -€9,016 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €6,305 | €6,389 | +€84 | +1.3% |
| Trade debts | 44 | €9,409 | €2,869 | -€6,540 | -69.5% |
| Suppliers | 440/4 | €9,409 | €2,869 | -€6,540 | -69.5% |
| Taxes, remuneration and social security | 45 | €7,420 | €8,267 | +€847 | +11.4% |
| Taxes | 450/3 | €7,420 | €8,267 | +€847 | +11.4% |
| Other amounts payable | 47/48 | €29,000 | €25,592 | -€3,408 | -11.8% |
| Turnover | 70 | €137,366 | €138,878 | +€1,512 | +1.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €109,719 | €96,249 | -€13,470 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,453 | €8,475 | +€22 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,607 | €5,714 | +€107 | +1.9% |
| Other operating charges | 640/8 | €6,147 | €2,646 | -€3,501 | -57.0% |
| Gross operating margin | 9900 | €27,648 | €42,629 | +€14,982 | +54.2% |
| Operating profit (loss) | 9901 | €7,441 | €25,794 | +€18,353 | +247% |
| Financial income | 75/76B | €143 | €19 | -€124 | -86.7% |
| Recurring financial income | 75 | €143 | €19 | -€124 | -86.7% |
| Financial charges | 65/66B | €1,132 | €778 | -€354 | -31.3% |
| Recurring financial charges | 65 | €1,132 | €778 | -€354 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €6,452 | €25,035 | +€18,583 | +288% |
| Income taxes | 67/77 | - | €8,267 | +€8,267 | |
| Profit (loss) for the period | 9904 | €6,452 | €16,768 | +€10,316 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €6,452 | €16,768 | +€10,316 | +160% |
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 24 October 2026 via checked.be.