DR Square: what changed
Two fiscal 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 Square
Largest movements
- Cash +€93,637
up €93,637 (+81.6%), from €114,738 to €208,375
mainly Net result for the year (+€270,936) and Depreciation (+€22,961)
- Receivables within one year +€56,358
up €56,358 (+6.6%), from €849,988 to €906,346
of which Other amounts receivable: +€61,784
- Deferred charges and accrued income +€43,205
up €43,205 (+17.4%), from €248,371 to €291,575
- Reserves +€270,936
up €270,936 (+22.7%), from €1.2m to €1.5m
of which Distributable reserves: +€270,936
- Tax, wage and social debts -€63,399
down €63,399 (-74.9%), from €84,626 to €21,228
of which Taxes: -€63,399
- Debts after one year -€26,165
down €26,165 (-14.4%), from €182,001 to €155,836
- Gross operating margin -€63,957
down €63,957 (-15.3%), from €418,709 to €354,752
- Taxes -€10,817
down €10,817 (-7.3%), from €148,915 to €138,098
- Financial income +€8,363
up €8,363 (+10.9%), from €76,837 to €85,200
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.
Cash bridge derived
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 | €1,511,774 | €1,689,954 | +€178,180 | +11.8% |
| Fixed assets | 21/28 | €236,723 | €221,704 | -€15,019 | -6.3% |
| Intangible fixed assets | 21 | €2,172 | €1,736 | -€436 | -20.1% |
| Tangible fixed assets | 22/27 | €230,801 | €216,218 | -€14,583 | -6.3% |
| Land and buildings | 22 | €227,946 | €207,223 | -€20,722 | -9.1% |
| Furniture and vehicles | 24 | €949 | €4,388 | +€3,439 | +362.4% |
| Other tangible fixed assets | 26 | €1,906 | €4,606 | +€2,700 | +141.6% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €1,275,051 | €1,468,250 | +€193,200 | +15.2% |
| Amounts receivable within one year | 40/41 | €849,988 | €906,346 | +€56,358 | +6.6% |
| Trade receivables | 40 | €52,588 | €47,163 | -€5,425 | -10.3% |
| Other amounts receivable | 41 | €797,400 | €859,184 | +€61,784 | +7.7% |
| Current investments | 50/53 | €61,954 | €61,954 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €114,738 | €208,375 | +€93,637 | +81.6% |
| Deferred charges and accrued income | 490/1 | €248,371 | €291,575 | +€43,205 | +17.4% |
| Total equity and liabilities | 10/49 | €1,511,774 | €1,689,954 | +€178,180 | +11.8% |
| Equity | 10/15 | €1,208,366 | €1,479,302 | +€270,936 | +22.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,195,966 | €1,466,902 | +€270,936 | +22.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,195,966 | €1,466,902 | +€270,936 | +22.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €303,407 | €210,652 | -€92,756 | -30.6% |
| Amounts payable after more than one year | 17 | €182,001 | €155,836 | -€26,165 | -14.4% |
| Financial debts | 170/4 | €182,001 | €155,836 | -€26,165 | -14.4% |
| Amounts payable within one year | 42/48 | €121,406 | €54,815 | -€66,591 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €27,776 | €28,322 | +€546 | +2.0% |
| Financial debts | 43 | €570 | €0 | -€570 | -100.0% |
| Other loans | 439 | €570 | €0 | -€570 | -100.0% |
| Trade debts | 44 | €7,791 | €4,623 | -€3,168 | -40.7% |
| Suppliers | 440/4 | €7,791 | €4,623 | -€3,168 | -40.7% |
| Taxes, remuneration and social security | 45 | €84,626 | €21,228 | -€63,399 | -74.9% |
| Taxes | 450/3 | €84,626 | €21,228 | -€63,399 | -74.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €642 | €642 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €973 | €0 | -€973 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,493 | €22,961 | -€532 | -2.3% |
| Other operating charges | 640/8 | €5,649 | €3,012 | -€2,636 | -46.7% |
| Gross operating margin | 9900 | €418,709 | €354,752 | -€63,957 | -15.3% |
| Operating profit (loss) | 9901 | €388,595 | €328,779 | -€59,816 | -15.4% |
| Financial income | 75/76B | €76,837 | €85,200 | +€8,363 | +10.9% |
| Recurring financial income | 75 | €76,837 | €85,200 | +€8,363 | +10.9% |
| Financial charges | 65/66B | €5,099 | €4,945 | -€154 | -3.0% |
| Recurring financial charges | 65 | €5,099 | €4,945 | -€154 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €460,334 | €409,034 | -€51,300 | -11.1% |
| Income taxes | 67/77 | €148,915 | €138,098 | -€10,817 | -7.3% |
| Profit (loss) for the period | 9904 | €311,419 | €270,936 | -€40,483 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €311,419 | €270,936 | -€40,483 | -13.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.