DRAFAB: 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.
DRAFAB
Largest movements
- Receivables within one year -€659,683
down €659,683 (-34.5%), from €1.9m to €1.3m
of which Trade receivables: -€608,797
- Cash +€382,640
up €382,640 (+1286.1%), from €29,751 to €412,391
mainly Receivables within one year (+€659,683) and Depreciation (+€189,606)
- Stocks and contracts -€134,802
down €134,802 (-25.2%), from €534,144 to €399,342
of which Contracts in progress: -€142,093
- Reserves -€293,148
down €293,148 (-23.7%), from €1.2m to €945,720
of which Distributable reserves: -€293,148
- Short-term financial debts +€121,579
up €121,579 (+58.7%), from €207,097 to €328,676
of which Other loans: +€121,579
- Other debts -€80,000
no longer reported in 2025 (was €80,000)
- Debts after one year -€72,051
down €72,051 (-16.9%), from €426,655 to €354,604
- Trade debts -€61,335
down €61,335 (-5.4%), from €1.1m to €1.1m
- Gross operating margin -€405,294
down €405,294 (-17.0%), from €2.4m to €2.0m
- Staff costs +€62,478
up €62,478 (+3.2%), from €2.0m to €2.0m
- Taxes -€27,243
down €27,243 (-95.9%), from €28,417 to €1,174
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 | €3,415,414 | €3,024,702 | -€390,713 | -11.4% |
| Fixed assets | 21/28 | €902,051 | €935,157 | +€33,106 | +3.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €899,679 | €932,785 | +€33,106 | +3.7% |
| Land and buildings | 22 | €417,345 | €382,666 | -€34,679 | -8.3% |
| Plant, machinery and equipment | 23 | €434,848 | €514,257 | +€79,410 | +18.3% |
| Furniture and vehicles | 24 | €47,487 | €35,862 | -€11,625 | -24.5% |
| Financial fixed assets | 28 | €2,372 | €2,372 | = | 0.0% |
| Current assets | 29/58 | €2,513,363 | €2,089,545 | -€423,818 | -16.9% |
| Stocks and contracts in progress | 3 | €534,144 | €399,342 | -€134,802 | -25.2% |
| Stocks | 30/36 | €150,378 | €157,669 | +€7,291 | +4.8% |
| Contracts in progress | 37 | €383,766 | €241,673 | -€142,093 | -37.0% |
| Amounts receivable within one year | 40/41 | €1,911,941 | €1,252,258 | -€659,683 | -34.5% |
| Trade receivables | 40 | €1,718,373 | €1,109,575 | -€608,797 | -35.4% |
| Other amounts receivable | 41 | €193,569 | €142,683 | -€50,886 | -26.3% |
| Cash at bank and in hand | 54/58 | €29,751 | €412,391 | +€382,640 | +1286.1% |
| Deferred charges and accrued income | 490/1 | €37,527 | €25,554 | -€11,973 | -31.9% |
| Total equity and liabilities | 10/49 | €3,415,414 | €3,024,702 | -€390,713 | -11.4% |
| Equity | 10/15 | €1,257,418 | €964,270 | -€293,148 | -23.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,238,868 | €945,720 | -€293,148 | -23.7% |
| Tax-exempt reserves | 132 | €83,923 | €83,923 | = | 0.0% |
| Distributable reserves | 133 | €1,154,945 | €861,797 | -€293,148 | -25.4% |
| Amounts payable | 17/49 | €2,157,996 | €2,060,432 | -€97,564 | -4.5% |
| Amounts payable after more than one year | 17 | €426,655 | €354,604 | -€72,051 | -16.9% |
| Financial debts | 170/4 | €426,655 | €354,604 | -€72,051 | -16.9% |
| Amounts payable within one year | 42/48 | €1,731,304 | €1,705,827 | -€25,477 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €157,113 | €142,191 | -€14,922 | -9.5% |
| Financial debts | 43 | €207,097 | €328,676 | +€121,579 | +58.7% |
| Credit institutions | 430/8 | €160,000 | €160,000 | = | 0.0% |
| Other loans | 439 | €47,097 | €168,676 | +€121,579 | +258.1% |
| Trade debts | 44 | €1,126,121 | €1,064,786 | -€61,335 | -5.4% |
| Suppliers | 440/4 | €1,126,121 | €1,064,786 | -€61,335 | -5.4% |
| Taxes, remuneration and social security | 45 | €160,973 | €170,174 | +€9,201 | +5.7% |
| Taxes | 450/3 | €31 | €1,205 | +€1,174 | +3830.4% |
| Remuneration and social security | 454/9 | €160,942 | €168,969 | +€8,027 | +5.0% |
| Other amounts payable | 47/48 | €80,000 | - | -€80,000 | |
| Accrued charges and deferred income | 492/3 | €36 | - | -€36 | |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Remuneration, social security and pensions | 62 | €1,979,916 | €2,042,394 | +€62,478 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,541 | €189,606 | +€18,066 | +10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,110 | - | -€4,110 | |
| Other operating charges | 640/8 | €22,607 | €8,822 | -€13,785 | -61.0% |
| Gross operating margin | 9900 | €2,390,758 | €1,985,465 | -€405,294 | -17.0% |
| Operating profit (loss) | 9901 | €212,584 | -€255,358 | -€467,942 | |
| Financial income | 75/76B | €885 | €990 | +€105 | +11.9% |
| Recurring financial income | 75 | €885 | €990 | +€105 | +11.9% |
| Financial charges | 65/66B | €25,411 | €37,607 | +€12,196 | +48.0% |
| Recurring financial charges | 65 | €25,411 | €37,607 | +€12,196 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €188,058 | -€291,974 | -€480,033 | |
| Income taxes | 67/77 | €28,417 | €1,174 | -€27,243 | -95.9% |
| Profit (loss) for the period | 9904 | €159,641 | -€293,148 | -€452,789 | |
| Profit (loss) for the period to be appropriated | 9905 | €159,641 | -€293,148 | -€452,789 |
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.