DANNY DRUWEL: 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.
DANNY DRUWEL
Largest movements
- Cash -€83,429
down €83,429 (-47.7%), from €174,853 to €91,424
mainly Net result for the year (-€54,352) and Tax, wage and social debts (-€17,127)
- Tangible fixed assets -€19,857
down €19,857 (-31.7%), from €62,558 to €42,700
of which Furniture and vehicles: -€12,186
- Receivables within one year +€15,540
up €15,540 (+6.3%), from €246,342 to €261,882
of which Trade receivables: +€10,155
- Deferred charges and accrued income +€7,199
up €7,199 (+164%), from €4,392 to €11,591
- Stocks and contracts -€5,959
down €5,959 (-30.3%), from €19,673 to €13,713
- Profit (loss) carried forward -€54,352
down €54,352, from €26,767 to -€27,586
- Accrued charges and deferred income +€24,127
up €24,127 (+112%), from €21,454 to €45,581
- Tax, wage and social debts -€17,127
down €17,127 (-39.8%), from €42,991 to €25,865
of which Taxes: -€31,087
- Debts after one year -€16,919
down €16,919 (-29.9%), from €56,673 to €39,754
- Trade debts -€12,597
down €12,597 (-55.6%), from €22,649 to €10,052
- Turnover -€775,359
no longer reported in 2025 (was €775,359)
- Purchases and services -€664,016
no longer reported in 2025 (was €664,016)
- Write-downs -€67,411
no longer reported in 2025 (was €67,411)
- Staff costs +€45,089
up €45,089 (+54.5%), from €82,768 to €127,857
- Gross operating margin -€11,991
down €11,991 (-10.8%), from €111,342 to €99,352
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 | €507,818 | €421,312 | -€86,506 | -17.0% |
| Fixed assets | 21/28 | €62,558 | €42,700 | -€19,857 | -31.7% |
| Tangible fixed assets | 22/27 | €62,558 | €42,700 | -€19,857 | -31.7% |
| Plant, machinery and equipment | 23 | €30,986 | €23,315 | -€7,671 | -24.8% |
| Furniture and vehicles | 24 | €31,572 | €19,386 | -€12,186 | -38.6% |
| Current assets | 29/58 | €445,260 | €378,611 | -€66,649 | -15.0% |
| Stocks and contracts in progress | 3 | €19,673 | €13,713 | -€5,959 | -30.3% |
| Stocks | 30/36 | €19,673 | €13,713 | -€5,959 | -30.3% |
| Amounts receivable within one year | 40/41 | €246,342 | €261,882 | +€15,540 | +6.3% |
| Trade receivables | 40 | €172,349 | €182,504 | +€10,155 | +5.9% |
| Other amounts receivable | 41 | €73,993 | €79,379 | +€5,385 | +7.3% |
| Cash at bank and in hand | 54/58 | €174,853 | €91,424 | -€83,429 | -47.7% |
| Deferred charges and accrued income | 490/1 | €4,392 | €11,591 | +€7,199 | +164% |
| Total equity and liabilities | 10/49 | €507,818 | €421,312 | -€86,506 | -17.0% |
| Equity | 10/15 | €307,494 | €253,142 | -€54,352 | -17.7% |
| Contributions | 10/11 | €103,984 | €103,984 | = | 0.0% |
| Reserves | 13 | €176,743 | €176,743 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €174,883 | €174,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,767 | -€27,586 | -€54,352 | |
| Amounts payable | 17/49 | €200,324 | €168,170 | -€32,154 | -16.1% |
| Amounts payable after more than one year | 17 | €56,673 | €39,754 | -€16,919 | -29.9% |
| Financial debts | 170/4 | €56,673 | €39,754 | -€16,919 | -29.9% |
| Amounts payable within one year | 42/48 | €122,197 | €82,836 | -€39,362 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €55,877 | €46,919 | -€8,958 | -16.0% |
| Trade debts | 44 | €22,649 | €10,052 | -€12,597 | -55.6% |
| Suppliers | 440/4 | €22,649 | €10,052 | -€12,597 | -55.6% |
| Taxes, remuneration and social security | 45 | €42,991 | €25,865 | -€17,127 | -39.8% |
| Taxes | 450/3 | €36,003 | €4,916 | -€31,087 | -86.3% |
| Remuneration and social security | 454/9 | €6,988 | €20,949 | +€13,961 | +200% |
| Other amounts payable | 47/48 | €680 | - | -€680 | |
| Accrued charges and deferred income | 492/3 | €21,454 | €45,581 | +€24,127 | +112% |
| Turnover | 70 | €775,359 | - | -€775,359 | |
| Goods, raw materials, services and sundry goods | 60/61 | €664,016 | - | -€664,016 | |
| Remuneration, social security and pensions | 62 | €82,768 | €127,857 | +€45,089 | +54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,369 | €17,485 | -€884 | -4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €67,411 | - | -€67,411 | |
| Other operating charges | 640/8 | €2,788 | €1,960 | -€827 | -29.7% |
| Non-recurring operating charges | 66A | €1,070 | €3,289 | +€2,220 | +208% |
| Gross operating margin | 9900 | €111,342 | €99,352 | -€11,991 | -10.8% |
| Operating profit (loss) | 9901 | -€61,063 | -€51,239 | +€9,823 | +16.1% |
| Financial income | 75/76B | €1,076 | €1,379 | +€303 | +28.2% |
| Recurring financial income | 75 | €1,076 | €1,379 | +€303 | +28.2% |
| Financial charges | 65/66B | €3,765 | €4,171 | +€406 | +10.8% |
| Recurring financial charges | 65 | €3,765 | €4,171 | +€406 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | -€63,751 | -€54,031 | +€9,720 | +15.2% |
| Income taxes | 67/77 | €2,122 | €321 | -€1,801 | -84.9% |
| Profit (loss) for the period | 9904 | -€65,874 | -€54,352 | +€11,521 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,874 | -€54,352 | +€11,521 | +17.5% |
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 30 October 2026 via checked.be.