DRACOFIN: 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.
DRACOFIN
Largest movements
- Receivables within one year -€14,299
down €14,299 (-13.2%), from €108,449 to €94,150
- Tangible fixed assets -€5,006
down €5,006 (-24.7%), from €20,298 to €15,292
- Profit (loss) carried forward -€17,347
down €17,347 (-37.7%), from -€46,061 to -€63,408
- Gross operating margin -€437
down €437 (-4.0%), from -€10,899 to -€11,336
- Financial income -€274
down €274 (-20.8%), from €1,318 to €1,044
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 | €240,974 | €222,108 | -€18,866 | -7.8% |
| Fixed assets | 21/28 | €20,298 | €15,292 | -€5,006 | -24.7% |
| Tangible fixed assets | 22/27 | €20,298 | €15,292 | -€5,006 | -24.7% |
| Furniture and vehicles | 24 | €20,298 | €15,292 | -€5,006 | -24.7% |
| Current assets | 29/58 | €220,676 | €206,816 | -€13,860 | -6.3% |
| Stocks and contracts in progress | 3 | €80,328 | €80,328 | = | 0.0% |
| Stocks | 30/36 | €80,328 | €80,328 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €108,449 | €94,150 | -€14,299 | -13.2% |
| Other amounts receivable | 41 | €108,449 | €94,150 | -€14,299 | -13.2% |
| Cash at bank and in hand | 54/58 | €30,393 | €32,041 | +€1,648 | +5.4% |
| Deferred charges and accrued income | 490/1 | €1,506 | €297 | -€1,209 | -80.3% |
| Total equity and liabilities | 10/49 | €240,974 | €222,108 | -€18,866 | -7.8% |
| Equity | 10/15 | €235,215 | €217,868 | -€17,347 | -7.4% |
| Contributions | 10/11 | €16,405 | €16,405 | = | 0.0% |
| Reserves | 13 | €264,871 | €264,871 | = | 0.0% |
| Tax-exempt reserves | 132 | €64,011 | €64,011 | = | 0.0% |
| Distributable reserves | 133 | €200,860 | €200,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,061 | -€63,408 | -€17,347 | -37.7% |
| Amounts payable | 17/49 | €5,759 | €4,240 | -€1,519 | -26.4% |
| Amounts payable within one year | 42/48 | €5,759 | €4,240 | -€1,519 | -26.4% |
| Trade debts | 44 | €1,506 | €61 | -€1,445 | -95.9% |
| Suppliers | 440/4 | €1,506 | €61 | -€1,445 | -95.9% |
| Taxes, remuneration and social security | 45 | €75 | €14 | -€61 | -81.3% |
| Taxes | 450/3 | €75 | €14 | -€61 | -81.3% |
| Other amounts payable | 47/48 | €4,178 | €4,165 | -€13 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,938 | €5,006 | +€68 | +1.4% |
| Other operating charges | 640/8 | €1,926 | €1,969 | +€43 | +2.2% |
| Gross operating margin | 9900 | -€10,899 | -€11,336 | -€437 | -4.0% |
| Operating profit (loss) | 9901 | -€17,763 | -€18,311 | -€548 | -3.1% |
| Financial income | 75/76B | €1,318 | €1,044 | -€274 | -20.8% |
| Recurring financial income | 75 | €1,318 | €1,044 | -€274 | -20.8% |
| Financial charges | 65/66B | €80 | €80 | = | 0.0% |
| Recurring financial charges | 65 | €80 | €80 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,525 | -€17,347 | -€822 | -5.0% |
| Income taxes | 67/77 | €77 | - | -€77 | |
| Profit (loss) for the period | 9904 | -€16,602 | -€17,347 | -€745 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,602 | -€17,347 | -€745 | -4.5% |
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 5 October 2026 via checked.be.