D.R.S. ELEC: what changed
D.R.S. ELEC
Largest movements
- Receivables within one year +€20,254
up €20,254 (+619%), from €3,271 to €23,525
- Intangible fixed assets -€10,000
down €10,000 (-25.0%), from €40,000 to €30,000
- Stocks and contracts +€7,725
up €7,725 (+75.9%), from €10,174 to €17,899
- Tangible fixed assets -€7,524
down €7,524 (-26.7%), from €28,185 to €20,660
of which Furniture and vehicles: -€6,424
- Cash +€4,263
up €4,263 (+43.5%), from €9,796 to €14,059
mainly Depreciation (+€16,724) and Net result for the year (+€11,310)
- Profit (loss) carried forward +€11,310
up €11,310 (+59.8%), from -€18,898 to -€7,588
- Advances received +€8,431
new in 2025: €8,431
- Debts after one year -€5,120
down €5,120 (-26.0%), from €19,661 to €14,542
- Trade debts -€3,442
down €3,442 (-62.2%), from €5,530 to €2,088
- Other debts +€1,735
up €1,735 (+2.5%), from €68,865 to €70,600
- Gross operating margin +€31,808
up €31,808, from -€2,180 to €29,628
- Depreciation +€2,620
up €2,620 (+18.6%), from €14,104 to €16,724
- Other operating charges -€1,001
down €1,001 (-51.8%), from €1,932 to €932
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,200 | €106,680 | +€14,480 | +15.7% |
| Fixed assets | 21/28 | €68,185 | €50,660 | -€17,524 | -25.7% |
| Intangible fixed assets | 21 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Tangible fixed assets | 22/27 | €28,185 | €20,660 | -€7,524 | -26.7% |
| Plant, machinery and equipment | 23 | €2,200 | €1,100 | -€1,100 | -50.0% |
| Furniture and vehicles | 24 | €25,985 | €19,560 | -€6,424 | -24.7% |
| Current assets | 29/58 | €24,016 | €56,020 | +€32,004 | +133% |
| Stocks and contracts in progress | 3 | €10,174 | €17,899 | +€7,725 | +75.9% |
| Stocks | 30/36 | €10,174 | €17,899 | +€7,725 | +75.9% |
| Amounts receivable within one year | 40/41 | €3,271 | €23,525 | +€20,254 | +619% |
| Trade receivables | 40 | €3,271 | €23,525 | +€20,254 | +619% |
| Cash at bank and in hand | 54/58 | €9,796 | €14,059 | +€4,263 | +43.5% |
| Deferred charges and accrued income | 490/1 | €774 | €537 | -€237 | -30.7% |
| Total equity and liabilities | 10/49 | €92,200 | €106,680 | +€14,480 | +15.7% |
| Equity | 10/15 | -€14,898 | -€3,588 | +€11,310 | +75.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,898 | -€7,588 | +€11,310 | +59.8% |
| Amounts payable | 17/49 | €107,098 | €110,268 | +€3,170 | +3.0% |
| Amounts payable after more than one year | 17 | €19,661 | €14,542 | -€5,120 | -26.0% |
| Financial debts | 170/4 | €19,661 | €14,542 | -€5,120 | -26.0% |
| Amounts payable within one year | 42/48 | €87,437 | €95,726 | +€8,289 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €4,857 | €5,120 | +€262 | +5.4% |
| Trade debts | 44 | €5,530 | €2,088 | -€3,442 | -62.2% |
| Suppliers | 440/4 | €5,530 | €2,088 | -€3,442 | -62.2% |
| Advances received on contracts in progress | 46 | - | €8,431 | +€8,431 | |
| Taxes, remuneration and social security | 45 | €8,184 | €9,488 | +€1,304 | +15.9% |
| Taxes | 450/3 | €564 | €1,868 | +€1,304 | +231% |
| Remuneration and social security | 454/9 | €7,620 | €7,620 | = | 0.0% |
| Other amounts payable | 47/48 | €68,865 | €70,600 | +€1,735 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,104 | €16,724 | +€2,620 | +18.6% |
| Other operating charges | 640/8 | €1,932 | €932 | -€1,001 | -51.8% |
| Non-recurring operating charges | 66A | - | €139 | +€139 | |
| Gross operating margin | 9900 | -€2,180 | €29,628 | +€31,808 | |
| Operating profit (loss) | 9901 | -€18,217 | €11,833 | +€30,049 | |
| Financial charges | 65/66B | €681 | €522 | -€159 | -23.3% |
| Recurring financial charges | 65 | €681 | €522 | -€159 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,898 | €11,310 | +€30,208 | |
| Profit (loss) for the period | 9904 | -€18,898 | €11,310 | +€30,208 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,898 | €11,310 | +€30,208 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.