DEN DRAAD: 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.
DEN DRAAD
Largest movements
- Cash +€22,538
up €22,538 (+292%), from €7,722 to €30,260
mainly Depreciation (+€16,821) and Receivables within one year (+€9,022)
- Tangible fixed assets -€12,358
down €12,358 (-4.2%), from €296,348 to €283,989
of which Land and buildings: -€11,656
- Receivables within one year -€9,022
down €9,022 (-70.7%), from €12,752 to €3,731
of which Other amounts receivable: -€11,022
- Debts after one year -€8,919
down €8,919 (-4.1%), from €219,260 to €210,341
- Reserves +€8,397
up €8,397 (+66.2%), from €12,682 to €21,080
- Depreciation +€2,730
up €2,730 (+19.4%), from €14,091 to €16,821
- Taxes +€2,368
up €2,368 (+250%), from €947 to €3,315
- Financial charges -€1,028
down €1,028 (-6.2%), from €16,485 to €15,457
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 | €318,675 | €320,198 | +€1,523 | +0.5% |
| Fixed assets | 21/28 | €296,348 | €283,989 | -€12,358 | -4.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €296,348 | €283,989 | -€12,358 | -4.2% |
| Land and buildings | 22 | €285,847 | €274,191 | -€11,656 | -4.1% |
| Plant, machinery and equipment | 23 | €10,000 | €9,630 | -€370 | -3.7% |
| Furniture and vehicles | 24 | €74 | €0 | -€74 | -100% |
| Other tangible fixed assets | 26 | €427 | €168 | -€259 | -60.6% |
| Current assets | 29/58 | €22,327 | €36,209 | +€13,882 | +62.2% |
| Amounts receivable within one year | 40/41 | €12,752 | €3,731 | -€9,022 | -70.7% |
| Trade receivables | 40 | €1,000 | €3,000 | +€2,000 | +200% |
| Other amounts receivable | 41 | €11,752 | €731 | -€11,022 | -93.8% |
| Cash at bank and in hand | 54/58 | €7,722 | €30,260 | +€22,538 | +292% |
| Deferred charges and accrued income | 490/1 | €1,852 | €2,218 | +€366 | +19.7% |
| Total equity and liabilities | 10/49 | €318,675 | €320,198 | +€1,523 | +0.5% |
| Equity | 10/15 | €20,682 | €29,080 | +€8,397 | +40.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €12,682 | €21,080 | +€8,397 | +66.2% |
| Distributable reserves | 133 | €12,682 | €21,080 | +€8,397 | +66.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €297,993 | €291,119 | -€6,874 | -2.3% |
| Amounts payable after more than one year | 17 | €219,260 | €210,341 | -€8,919 | -4.1% |
| Financial debts | 170/4 | €219,260 | €210,341 | -€8,919 | -4.1% |
| Amounts payable within one year | 42/48 | €76,598 | €76,076 | -€522 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €7,557 | €7,919 | +€362 | +4.8% |
| Trade debts | 44 | €952 | €1,033 | +€81 | +8.5% |
| Suppliers | 440/4 | €952 | €1,033 | +€81 | +8.5% |
| Taxes, remuneration and social security | 45 | €2,634 | €871 | -€1,763 | -66.9% |
| Taxes | 450/3 | €405 | €871 | +€466 | +115% |
| Remuneration and social security | 454/9 | €2,228 | €0 | -€2,228 | -100% |
| Other amounts payable | 47/48 | €65,455 | €66,253 | +€798 | +1.2% |
| Accrued charges and deferred income | 492/3 | €2,135 | €4,701 | +€2,567 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,091 | €16,821 | +€2,730 | +19.4% |
| Other operating charges | 640/8 | €762 | €848 | +€86 | +11.3% |
| Gross operating margin | 9900 | €44,967 | €44,838 | -€129 | -0.3% |
| Operating profit (loss) | 9901 | €30,114 | €27,170 | -€2,944 | -9.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €16,485 | €15,457 | -€1,028 | -6.2% |
| Recurring financial charges | 65 | €16,485 | €15,457 | -€1,028 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €13,629 | €11,712 | -€1,916 | -14.1% |
| Income taxes | 67/77 | €947 | €3,315 | +€2,368 | +250% |
| Profit (loss) for the period | 9904 | €12,682 | €8,397 | -€4,285 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,682 | €8,397 | -€4,285 | -33.8% |
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 18 October 2026 via checked.be.