Den Draak: 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 Draak
Largest movements
- Cash -€8,785
down €8,785 (-25.2%), from €34,841 to €26,055
mainly Net result for the year (-€28,302) and Receivables within one year (-€4,968)
- Receivables within one year +€4,968
up €4,968 (+2.6%), from €193,659 to €198,626
of which Other amounts receivable: +€47,055
- Financial fixed assets -€4,836
no longer reported in 2025 (was €4,836)
- Profit (loss) carried forward -€28,302
down €28,302 (-27.9%), from €101,533 to €73,232
- Trade debts +€21,923
up €21,923 (+54.0%), from €40,606 to €62,529
- Gross operating margin -€33,292
down €33,292 (-31.4%), from €106,147 to €72,854
- Staff costs +€13,287
up €13,287 (+15.3%), from €86,751 to €100,038
- Taxes -€4,355
down €4,355 (-92.6%), from €4,704 to €349
- Financial income +€2,766
up €2,766 (+50.4%), from €5,486 to €8,253
- Financial charges -€2,253
down €2,253 (-59.2%), from €3,808 to €1,555
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 | €249,993 | €243,963 | -€6,030 | -2.4% |
| Fixed assets | 21/28 | €9,438 | €6,456 | -€2,982 | -31.6% |
| Tangible fixed assets | 22/27 | €4,603 | €6,456 | +€1,853 | +40.3% |
| Plant, machinery and equipment | 23 | €225 | €1,617 | +€1,392 | +618% |
| Furniture and vehicles | 24 | €1,172 | €3,862 | +€2,691 | +230% |
| Other tangible fixed assets | 26 | €3,206 | €977 | -€2,230 | -69.5% |
| Financial fixed assets | 28 | €4,836 | - | -€4,836 | |
| Current assets | 29/58 | €240,554 | €237,507 | -€3,047 | -1.3% |
| Stocks and contracts in progress | 3 | €12,055 | €12,825 | +€770 | +6.4% |
| Stocks | 30/36 | €12,055 | €12,825 | +€770 | +6.4% |
| Amounts receivable within one year | 40/41 | €193,659 | €198,626 | +€4,968 | +2.6% |
| Trade receivables | 40 | €78,005 | €35,919 | -€42,087 | -54.0% |
| Other amounts receivable | 41 | €115,653 | €162,708 | +€47,055 | +40.7% |
| Cash at bank and in hand | 54/58 | €34,841 | €26,055 | -€8,785 | -25.2% |
| Total equity and liabilities | 10/49 | €249,993 | €243,963 | -€6,030 | -2.4% |
| Equity | 10/15 | €204,754 | €176,452 | -€28,302 | -13.8% |
| Contributions | 10/11 | €31,588 | €31,588 | = | 0.0% |
| Reserves | 13 | €71,632 | €71,632 | = | 0.0% |
| Distributable reserves | 133 | €71,632 | €71,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,533 | €73,232 | -€28,302 | -27.9% |
| Amounts payable | 17/49 | €45,239 | €67,510 | +€22,272 | +49.2% |
| Amounts payable within one year | 42/48 | €45,239 | €67,510 | +€22,272 | +49.2% |
| Trade debts | 44 | €40,606 | €62,529 | +€21,923 | +54.0% |
| Suppliers | 440/4 | €40,606 | €62,529 | +€21,923 | +54.0% |
| Taxes, remuneration and social security | 45 | €4,633 | €4,982 | +€349 | +7.5% |
| Taxes | 450/3 | €4,633 | €4,982 | +€349 | +7.5% |
| Remuneration, social security and pensions | 62 | €86,751 | €100,038 | +€13,287 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,967 | €4,117 | +€149 | +3.8% |
| Other operating charges | 640/8 | €5,153 | €3,350 | -€1,803 | -35.0% |
| Gross operating margin | 9900 | €106,147 | €72,854 | -€33,292 | -31.4% |
| Operating profit (loss) | 9901 | €10,275 | -€34,650 | -€44,925 | |
| Financial income | 75/76B | €5,486 | €8,253 | +€2,766 | +50.4% |
| Recurring financial income | 75 | €5,486 | €8,253 | +€2,766 | +50.4% |
| Financial charges | 65/66B | €3,808 | €1,555 | -€2,253 | -59.2% |
| Recurring financial charges | 65 | €3,808 | €1,555 | -€2,253 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €11,953 | -€27,952 | -€39,906 | |
| Income taxes | 67/77 | €4,704 | €349 | -€4,355 | -92.6% |
| Profit (loss) for the period | 9904 | €7,249 | -€28,302 | -€35,551 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,249 | -€28,302 | -€35,551 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.