DRAECKENIER: 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.
DRAECKENIER
Largest movements
- Stocks and contracts -€17,572
down €17,572 (-64.7%), from €27,145 to €9,573
- Tangible fixed assets +€6,628
up €6,628 (+73.0%), from €9,079 to €15,707
of which Plant, machinery and equipment: +€7,628
- Receivables within one year +€1,092
up €1,092 (+177%), from €617 to €1,709
- Cash -€907
down €907 (-33.7%), from €2,696 to €1,789
mainly Net result for the year (-€12,507) and Investment in fixed assets (net) (-€11,366)
- Profit (loss) carried forward -€12,507
down €12,507 (-19.4%), from -€64,371 to -€76,877
- Trade debts +€1,330
up €1,330 (+759%), from €175 to €1,505
- Current portion of long-term debt +€1,098
new in 2025: €1,098
- Tax, wage and social debts -€681
no longer reported in 2025 (was €681)
- Gross operating margin -€635
down €635 (-9.3%), from -€6,811 to -€7,446
- Other operating charges -€587
down €587 (-71.9%), from €816 to €229
- Depreciation -€89
down €89 (-1.9%), from €4,827 to €4,738
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 | €39,537 | €28,778 | -€10,760 | -27.2% |
| Fixed assets | 21/28 | €9,079 | €15,707 | +€6,628 | +73.0% |
| Tangible fixed assets | 22/27 | €9,079 | €15,707 | +€6,628 | +73.0% |
| Plant, machinery and equipment | 23 | €7,468 | €15,096 | +€7,628 | +102% |
| Furniture and vehicles | 24 | €1,611 | €611 | -€1,000 | -62.1% |
| Current assets | 29/58 | €30,458 | €13,071 | -€17,387 | -57.1% |
| Stocks and contracts in progress | 3 | €27,145 | €9,573 | -€17,572 | -64.7% |
| Stocks | 30/36 | €27,145 | €9,573 | -€17,572 | -64.7% |
| Amounts receivable within one year | 40/41 | €617 | €1,709 | +€1,092 | +177% |
| Trade receivables | 40 | €617 | €1,709 | +€1,092 | +177% |
| Cash at bank and in hand | 54/58 | €2,696 | €1,789 | -€907 | -33.7% |
| Total equity and liabilities | 10/49 | €39,537 | €28,778 | -€10,760 | -27.2% |
| Equity | 10/15 | -€38,431 | -€50,937 | -€12,507 | -32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,340 | €7,340 | = | 0.0% |
| Distributable reserves | 133 | €7,340 | €7,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,371 | -€76,877 | -€12,507 | -19.4% |
| Amounts payable | 17/49 | €77,968 | €79,715 | +€1,747 | +2.2% |
| Amounts payable after more than one year | 17 | €17,500 | €17,500 | = | 0.0% |
| Financial debts | 170/4 | €17,500 | €17,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,468 | €62,215 | +€1,747 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | - | €1,098 | +€1,098 | |
| Trade debts | 44 | €175 | €1,505 | +€1,330 | +759% |
| Suppliers | 440/4 | €175 | €1,505 | +€1,330 | +759% |
| Taxes, remuneration and social security | 45 | €681 | - | -€681 | |
| Taxes | 450/3 | €681 | - | -€681 | |
| Other amounts payable | 47/48 | €59,612 | €59,612 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,827 | €4,738 | -€89 | -1.9% |
| Other operating charges | 640/8 | €816 | €229 | -€587 | -71.9% |
| Gross operating margin | 9900 | -€6,811 | -€7,446 | -€635 | -9.3% |
| Operating profit (loss) | 9901 | -€12,455 | -€12,413 | +€42 | +0.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €90 | €93 | +€3 | +3.9% |
| Recurring financial charges | 65 | €90 | €93 | +€3 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,545 | -€12,507 | +€38 | +0.3% |
| Profit (loss) for the period | 9904 | -€12,545 | -€12,507 | +€38 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,545 | -€12,507 | +€38 | +0.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.