DRAG PROJECTS: 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.
DRAG PROJECTS
Largest movements
- Tangible fixed assets -€13,555
down €13,555 (-44.5%), from €30,473 to €16,918
- Receivables within one year +€4,051
up €4,051 (+25.4%), from €15,920 to €19,971
of which Trade receivables: +€3,512
- Cash +€1,733
up €1,733 (+10096.2%), from €17 to €1,750
mainly Depreciation (+€14,254) and Tax, wage and social debts (+€2,338)
- Debts after one year -€8,809
down €8,809 (-41.5%), from €21,247 to €12,438
- Trade debts -€2,626
down €2,626 (-82.4%), from €3,187 to €561
- Tax, wage and social debts +€2,338
up €2,338 (+87.9%), from €2,660 to €4,997
- Profit (loss) carried forward +€1,222
up €1,222 (+11.0%), from €11,061 to €12,283
- Turnover -€70,530
no longer reported in 2025 (was €70,530)
- Purchases and services -€55,661
no longer reported in 2025 (was €55,661)
- Gross operating margin +€5,455
up €5,455 (+33.6%), from €16,241 to €21,696
- Depreciation +€2,973
up €2,973 (+26.3%), from €11,282 to €14,254
- Other operating charges +€1,532
up €1,532 (+175.6%), from €873 to €2,405
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 | €47,526 | €39,847 | -€7,679 | -16.2% |
| Fixed assets | 21/28 | €30,473 | €16,918 | -€13,555 | -44.5% |
| Tangible fixed assets | 22/27 | €30,473 | €16,918 | -€13,555 | -44.5% |
| Furniture and vehicles | 24 | €30,473 | €16,918 | -€13,555 | -44.5% |
| Current assets | 29/58 | €17,053 | €22,929 | +€5,876 | +34.5% |
| Amounts receivable within one year | 40/41 | €15,920 | €19,971 | +€4,051 | +25.4% |
| Trade receivables | 40 | €5,353 | €8,865 | +€3,512 | +65.6% |
| Other amounts receivable | 41 | €10,567 | €11,105 | +€539 | +5.1% |
| Cash at bank and in hand | 54/58 | €17 | €1,750 | +€1,733 | +10096.2% |
| Deferred charges and accrued income | 490/1 | €1,116 | €1,209 | +€93 | +8.3% |
| Total equity and liabilities | 10/49 | €47,526 | €39,847 | -€7,679 | -16.2% |
| Equity | 10/15 | €12,061 | €13,283 | +€1,222 | +10.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,061 | €12,283 | +€1,222 | +11.0% |
| Amounts payable | 17/49 | €35,465 | €26,564 | -€8,901 | -25.1% |
| Amounts payable after more than one year | 17 | €21,247 | €12,438 | -€8,809 | -41.5% |
| Financial debts | 170/4 | €21,247 | €12,438 | -€8,809 | -41.5% |
| Amounts payable within one year | 42/48 | €14,218 | €14,126 | -€93 | -0.7% |
| Financial debts | 43 | €8,372 | €8,568 | +€196 | +2.3% |
| Credit institutions | 430/8 | €8,372 | €8,568 | +€196 | +2.3% |
| Trade debts | 44 | €3,187 | €561 | -€2,626 | -82.4% |
| Suppliers | 440/4 | €3,187 | €561 | -€2,626 | -82.4% |
| Taxes, remuneration and social security | 45 | €2,660 | €4,997 | +€2,338 | +87.9% |
| Taxes | 450/3 | €2,660 | €4,997 | +€2,338 | +87.9% |
| Turnover | 70 | €70,530 | - | -€70,530 | |
| Non-recurring operating income | 76A | €1,372 | - | -€1,372 | |
| Goods, raw materials, services and sundry goods | 60/61 | €55,661 | - | -€55,661 | |
| Remuneration, social security and pensions | 62 | €368 | €355 | -€13 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,282 | €14,254 | +€2,973 | +26.3% |
| Other operating charges | 640/8 | €873 | €2,405 | +€1,532 | +175.6% |
| Gross operating margin | 9900 | €16,241 | €21,696 | +€5,455 | +33.6% |
| Operating profit (loss) | 9901 | €3,719 | €4,681 | +€963 | +25.9% |
| Financial charges | 65/66B | €1,501 | €1,044 | -€457 | -30.4% |
| Recurring financial charges | 65 | €1,501 | €1,044 | -€457 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €2,218 | €3,637 | +€1,419 | +64.0% |
| Income taxes | 67/77 | €1,482 | €2,415 | +€933 | +63.0% |
| Profit (loss) for the period | 9904 | €736 | €1,222 | +€486 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €736 | €1,222 | +€486 | +66.1% |
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 10 October 2026 via checked.be.