DR Management: 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 Management
Largest movements
- Tangible fixed assets +€87,276
new in 2025: €87,276
of which Furniture and vehicles: +€76,815
- Cash +€66,133
up €66,133 (+454%), from €14,564 to €80,698
mainly Net result for the year (+€101,626) and Receivables within one year (+€41,694)
- Receivables within one year -€41,694
down €41,694 (-72.1%), from €57,798 to €16,104
of which Trade receivables: -€36,323
- Deferred charges and accrued income +€3,087
up €3,087 (+416%), from €741 to €3,829
- Reserves +€101,626
up €101,626 (+243%), from €41,862 to €143,488
- Tax, wage and social debts +€13,939
up €13,939 (+46.1%), from €30,244 to €44,182
of which Taxes: +€16,939
- Debts after one year -€4,693
down €4,693 (-6.6%), from €71,003 to €66,310
- Current portion of long-term debt +€4,476
up €4,476 (+23.6%), from €18,975 to €23,451
- Other debts -€3,953
down €3,953 (-34.0%), from €11,623 to €7,670
- Gross operating margin +€79,865
up €79,865 (+126%), from €63,549 to €143,413
- Taxes +€17,717
up €17,717 (+118%), from €15,054 to €32,771
- Financial charges +€2,114
up €2,114 (+66.2%), from €3,193 to €5,307
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 | €175,104 | €289,906 | +€114,802 | +65.6% |
| Fixed assets | 21/28 | €102,000 | €189,276 | +€87,276 | +85.6% |
| Tangible fixed assets | 22/27 | - | €87,276 | +€87,276 | |
| Plant, machinery and equipment | 23 | - | €10,460 | +€10,460 | |
| Furniture and vehicles | 24 | - | €76,815 | +€76,815 | |
| Financial fixed assets | 28 | €102,000 | €102,000 | = | 0.0% |
| Current assets | 29/58 | €73,104 | €100,630 | +€27,527 | +37.7% |
| Amounts receivable within one year | 40/41 | €57,798 | €16,104 | -€41,694 | -72.1% |
| Trade receivables | 40 | €52,427 | €16,104 | -€36,323 | -69.3% |
| Other amounts receivable | 41 | €5,371 | €0 | -€5,371 | -100% |
| Cash at bank and in hand | 54/58 | €14,564 | €80,698 | +€66,133 | +454% |
| Deferred charges and accrued income | 490/1 | €741 | €3,829 | +€3,087 | +416% |
| Total equity and liabilities | 10/49 | €175,104 | €289,906 | +€114,802 | +65.6% |
| Equity | 10/15 | €41,862 | €143,488 | +€101,626 | +243% |
| Reserves | 13 | €41,862 | €143,488 | +€101,626 | +243% |
| Distributable reserves | 133 | €41,862 | €143,488 | +€101,626 | +243% |
| Amounts payable | 17/49 | €133,242 | €146,418 | +€13,176 | +9.9% |
| Amounts payable after more than one year | 17 | €71,003 | €66,310 | -€4,693 | -6.6% |
| Financial debts | 170/4 | €71,003 | €66,310 | -€4,693 | -6.6% |
| Amounts payable within one year | 42/48 | €62,239 | €79,292 | +€17,053 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €18,975 | €23,451 | +€4,476 | +23.6% |
| Trade debts | 44 | €1,398 | €3,989 | +€2,591 | +185% |
| Suppliers | 440/4 | €1,398 | €3,989 | +€2,591 | +185% |
| Taxes, remuneration and social security | 45 | €30,244 | €44,182 | +€13,939 | +46.1% |
| Taxes | 450/3 | €27,244 | €44,182 | +€16,939 | +62.2% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €11,623 | €7,670 | -€3,953 | -34.0% |
| Accrued charges and deferred income | 492/3 | - | €816 | +€816 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,377 | €3,376 | -€1 | 0.0% |
| Other operating charges | 640/8 | €63 | €418 | +€355 | +563% |
| Gross operating margin | 9900 | €63,549 | €143,413 | +€79,865 | +126% |
| Operating profit (loss) | 9901 | €60,109 | €139,620 | +€79,511 | +132% |
| Financial income | 75/76B | - | €84 | +€84 | |
| Recurring financial income | 75 | - | €84 | +€84 | |
| Financial charges | 65/66B | €3,193 | €5,307 | +€2,114 | +66.2% |
| Recurring financial charges | 65 | €3,193 | €5,307 | +€2,114 | +66.2% |
| Profit (loss) for the period before taxes | 9903 | €56,916 | €134,397 | +€77,481 | +136% |
| Income taxes | 67/77 | €15,054 | €32,771 | +€17,717 | +118% |
| Profit (loss) for the period | 9904 | €41,862 | €101,626 | +€59,764 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €41,862 | €101,626 | +€59,764 | +143% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.