DR Finance: 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.
DR Finance
Largest movements
- Receivables within one year +€60,728
up €60,728 (+10.1%), from €603,987 to €664,715
of which Other amounts receivable: +€60,846
- Tangible fixed assets -€34,083
down €34,083 (-3.2%), from €1.1m to €1.0m
of which Other tangible fixed assets: -€18,952
- Reserves +€105,802
up €105,802 (+11.4%), from €928,857 to €1.0m
- Debts after one year -€60,639
down €60,639 (-10.7%), from €565,936 to €505,298
- Current portion of long-term debt -€28,519
down €28,519 (-32.0%), from €89,158 to €60,639
- Gross operating margin +€16,348
up €16,348 (+7.7%), from €211,464 to €227,812
- Taxes +€10,464
up €10,464 (+23.4%), from €44,648 to €55,112
- Depreciation -€5,432
down €5,432 (-12.5%), from €43,452 to €38,020
- Financial charges +€5,190
up €5,190 (+35.0%), from €14,829 to €20,019
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 | €1,722,644 | €1,741,049 | +€18,405 | +1.1% |
| Fixed assets | 21/28 | €1,055,952 | €1,021,869 | -€34,083 | -3.2% |
| Tangible fixed assets | 22/27 | €1,053,534 | €1,019,451 | -€34,083 | -3.2% |
| Land and buildings | 22 | €607,744 | €605,962 | -€1,782 | -0.3% |
| Plant, machinery and equipment | 23 | €14,647 | €11,562 | -€3,085 | -21.1% |
| Furniture and vehicles | 24 | €50,027 | €39,763 | -€10,264 | -20.5% |
| Other tangible fixed assets | 26 | €381,115 | €362,164 | -€18,952 | -5.0% |
| Financial fixed assets | 28 | €2,418 | €2,418 | = | 0.0% |
| Current assets | 29/58 | €666,692 | €719,180 | +€52,488 | +7.9% |
| Amounts receivable within one year | 40/41 | €603,987 | €664,715 | +€60,728 | +10.1% |
| Trade receivables | 40 | €118 | - | -€118 | |
| Other amounts receivable | 41 | €603,869 | €664,715 | +€60,846 | +10.1% |
| Current investments | 50/53 | €20,098 | €3,220 | -€16,878 | -84.0% |
| Cash at bank and in hand | 54/58 | €40,509 | €48,953 | +€8,443 | +20.8% |
| Deferred charges and accrued income | 490/1 | €2,097 | €2,292 | +€195 | +9.3% |
| Total equity and liabilities | 10/49 | €1,722,644 | €1,741,049 | +€18,405 | +1.1% |
| Equity | 10/15 | €947,457 | €1,053,258 | +€105,802 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €928,857 | €1,034,658 | +€105,802 | +11.4% |
| Distributable reserves | 133 | €928,857 | €1,034,658 | +€105,802 | +11.4% |
| Amounts payable | 17/49 | €775,187 | €687,791 | -€87,396 | -11.3% |
| Amounts payable after more than one year | 17 | €565,936 | €505,298 | -€60,639 | -10.7% |
| Financial debts | 170/4 | €565,936 | €505,298 | -€60,639 | -10.7% |
| Amounts payable within one year | 42/48 | €209,251 | €182,493 | -€26,758 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €89,158 | €60,639 | -€28,519 | -32.0% |
| Trade debts | 44 | €99 | €2,298 | +€2,199 | +2,222% |
| Suppliers | 440/4 | €99 | €2,298 | +€2,199 | +2,222% |
| Taxes, remuneration and social security | 45 | €4,931 | €9,128 | +€4,196 | +85.1% |
| Taxes | 450/3 | €3,246 | €8,692 | +€5,446 | +168% |
| Remuneration and social security | 454/9 | €1,685 | €435 | -€1,250 | -74.2% |
| Other amounts payable | 47/48 | €115,063 | €110,429 | -€4,634 | -4.0% |
| Remuneration, social security and pensions | 62 | €13,127 | €10,930 | -€2,197 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,452 | €38,020 | -€5,432 | -12.5% |
| Other operating charges | 640/8 | €3,796 | €2,228 | -€1,568 | -41.3% |
| Gross operating margin | 9900 | €211,464 | €227,812 | +€16,348 | +7.7% |
| Operating profit (loss) | 9901 | €151,089 | €176,634 | +€25,545 | +16.9% |
| Financial income | 75/76B | €4,434 | €5,132 | +€699 | +15.8% |
| Recurring financial income | 75 | €4,434 | €5,132 | +€699 | +15.8% |
| Financial charges | 65/66B | €14,829 | €20,019 | +€5,190 | +35.0% |
| Recurring financial charges | 65 | €14,829 | €20,019 | +€5,190 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €140,694 | €161,747 | +€21,053 | +15.0% |
| Income taxes | 67/77 | €44,648 | €55,112 | +€10,464 | +23.4% |
| Profit (loss) for the period | 9904 | €96,046 | €106,635 | +€10,588 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €96,046 | €106,635 | +€10,588 | +11.0% |
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 14 October 2026 via checked.be.