DRAAIF: 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.
DRAAIF
Largest movements
- Cash +€109,293
up €109,293 (+297.5%), from €36,742 to €146,035
mainly Trade debts (+€105,587) and Receivables within one year (+€23,885)
- Receivables within one year -€23,885
down €23,885 (-8.6%), from €276,412 to €252,526
of which Trade receivables: -€32,400
- Deferred charges and accrued income +€9,124
up €9,124 (+385.0%), from €2,370 to €11,494
- Trade debts +€105,587
up €105,587 (+118.9%), from €88,806 to €194,393
- Tax, wage and social debts -€18,941
down €18,941 (-68.0%), from €27,866 to €8,924
of which Remuneration and social security: -€10,038
- Gross operating margin -€54,249
down €54,249 (-57.9%), from €93,621 to €39,372
- Staff costs +€26,110
new in 2025: €26,110
- Taxes -€22,652
down €22,652 (-93.0%), from €24,355 to €1,703
- Other operating charges +€963
up €963 (+294.5%), from €327 to €1,289
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 | €333,532 | €424,991 | +€91,458 | +27.4% |
| Fixed assets | 21/28 | €18,009 | €14,935 | -€3,074 | -17.1% |
| Tangible fixed assets | 22/27 | €18,009 | €14,935 | -€3,074 | -17.1% |
| Plant, machinery and equipment | 23 | €13,088 | €9,697 | -€3,392 | -25.9% |
| Furniture and vehicles | 24 | €4,920 | €5,238 | +€318 | +6.5% |
| Current assets | 29/58 | €315,524 | €410,056 | +€94,532 | +30.0% |
| Amounts receivable within one year | 40/41 | €276,412 | €252,526 | -€23,885 | -8.6% |
| Trade receivables | 40 | €209,535 | €177,136 | -€32,400 | -15.5% |
| Other amounts receivable | 41 | €66,876 | €75,391 | +€8,514 | +12.7% |
| Cash at bank and in hand | 54/58 | €36,742 | €146,035 | +€109,293 | +297.5% |
| Deferred charges and accrued income | 490/1 | €2,370 | €11,494 | +€9,124 | +385.0% |
| Total equity and liabilities | 10/49 | €333,532 | €424,991 | +€91,458 | +27.4% |
| Equity | 10/15 | €206,258 | €208,263 | +€2,005 | +1.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €199,758 | €201,763 | +€2,005 | +1.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €199,758 | €201,763 | +€2,005 | +1.0% |
| Amounts payable | 17/49 | €127,274 | €216,727 | +€89,453 | +70.3% |
| Amounts payable within one year | 42/48 | €127,050 | €216,579 | +€89,530 | +70.5% |
| Trade debts | 44 | €88,806 | €194,393 | +€105,587 | +118.9% |
| Suppliers | 440/4 | €88,806 | €194,393 | +€105,587 | +118.9% |
| Taxes, remuneration and social security | 45 | €27,866 | €8,924 | -€18,941 | -68.0% |
| Taxes | 450/3 | €15,696 | €6,793 | -€8,904 | -56.7% |
| Remuneration and social security | 454/9 | €12,169 | €2,131 | -€10,038 | -82.5% |
| Other amounts payable | 47/48 | €10,378 | €13,262 | +€2,884 | +27.8% |
| Accrued charges and deferred income | 492/3 | €224 | €148 | -€76 | -34.1% |
| Remuneration, social security and pensions | 62 | - | €26,110 | +€26,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,550 | €6,672 | +€123 | +1.9% |
| Other operating charges | 640/8 | €327 | €1,289 | +€963 | +294.5% |
| Gross operating margin | 9900 | €93,621 | €39,372 | -€54,249 | -57.9% |
| Operating profit (loss) | 9901 | €86,745 | €5,300 | -€81,444 | -93.9% |
| Financial income | 75/76B | €206 | €411 | +€205 | +99.6% |
| Recurring financial income | 75 | €206 | €411 | +€205 | +99.6% |
| Financial charges | 65/66B | €2,387 | €2,003 | -€384 | -16.1% |
| Recurring financial charges | 65 | €2,387 | €2,003 | -€384 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €84,563 | €3,708 | -€80,855 | -95.6% |
| Income taxes | 67/77 | €24,355 | €1,703 | -€22,652 | -93.0% |
| Profit (loss) for the period | 9904 | €60,208 | €2,005 | -€58,203 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €60,208 | €2,005 | -€58,203 | -96.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.