DRACO: 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.
DRACO
Largest movements
- Cash -€11,164
down €11,164 (-66.5%), from €16,776 to €5,612
mainly Net result for the year (-€15,346) and Debts after one year (-€4,091)
- Tangible fixed assets -€7,196
down €7,196 (-2.2%), from €330,996 to €323,800
- Profit (loss) carried forward -€15,346
down €15,346 (-7.5%), from -€203,962 to -€219,307
- Debts after one year -€4,091
down €4,091 (-1.3%), from €316,371 to €312,280
of which Financial debts: -€15,091
- Gross operating margin +€14,568
up €14,568, from -€8,645 to €5,923
- Financial charges +€6,747
up €6,747 (+110.9%), from €6,083 to €12,831
- Other operating charges -€1,657
down €1,657 (-56.0%), from €2,962 to €1,304
- Depreciation -€434
down €434 (-5.7%), from €7,629 to €7,196
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 | €348,056 | €329,742 | -€18,314 | -5.3% |
| Fixed assets | 21/28 | €331,096 | €323,900 | -€7,196 | -2.2% |
| Tangible fixed assets | 22/27 | €330,996 | €323,800 | -€7,196 | -2.2% |
| Land and buildings | 22 | €330,996 | €323,800 | -€7,196 | -2.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €16,961 | €5,843 | -€11,118 | -65.6% |
| Cash at bank and in hand | 54/58 | €16,776 | €5,612 | -€11,164 | -66.5% |
| Deferred charges and accrued income | 490/1 | €184 | €230 | +€46 | +25.0% |
| Total equity and liabilities | 10/49 | €348,056 | €329,742 | -€18,314 | -5.3% |
| Equity | 10/15 | €16,038 | €693 | -€15,346 | -95.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,962 | -€219,307 | -€15,346 | -7.5% |
| Amounts payable | 17/49 | €332,018 | €329,050 | -€2,968 | -0.9% |
| Amounts payable after more than one year | 17 | €316,371 | €312,280 | -€4,091 | -1.3% |
| Financial debts | 170/4 | €256,371 | €241,280 | -€15,091 | -5.9% |
| Other amounts payable | 178/9 | €60,000 | €71,000 | +€11,000 | +18.3% |
| Amounts payable within one year | 42/48 | €13,598 | €15,708 | +€2,110 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €13,598 | €15,708 | +€2,110 | +15.5% |
| Accrued charges and deferred income | 492/3 | €2,049 | €1,062 | -€987 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,629 | €7,196 | -€434 | -5.7% |
| Other operating charges | 640/8 | €2,962 | €1,304 | -€1,657 | -56.0% |
| Gross operating margin | 9900 | -€8,645 | €5,923 | +€14,568 | |
| Operating profit (loss) | 9901 | -€19,236 | -€2,577 | +€16,659 | +86.6% |
| Financial income | 75/76B | - | €62 | +€62 | |
| Recurring financial income | 75 | - | €62 | +€62 | |
| Financial charges | 65/66B | €6,083 | €12,831 | +€6,747 | +110.9% |
| Recurring financial charges | 65 | €6,083 | €12,831 | +€6,747 | +110.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,320 | -€15,346 | +€9,974 | +39.4% |
| Profit (loss) for the period | 9904 | -€25,320 | -€15,346 | +€9,974 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,320 | -€15,346 | +€9,974 | +39.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.