Dragetra: 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.
Dragetra
Largest movements
- Receivables within one year -€2.0m
down €2.0m (-93.2%), from €2.2m to €147,760
of which Other amounts receivable: -€1.9m
- Cash +€870,828
new in 2025: €870,828
mainly Receivables within one year (+€2.0m) and Net result for the year (+€770,150)
- Financial fixed assets -€154,120
down €154,120 (-6.3%), from €2.5m to €2.3m
- Receivables after one year +€105,420
new in 2025: €105,420
- Other debts -€2.0m
no longer reported in 2025 (was €2.0m)
- Reserves +€770,150
up €770,150 (+31.0%), from €2.5m to €3.3m
of which Distributable reserves: +€770,150
- Gross operating margin +€115,564
up €115,564 (+12.7%), from €909,774 to €1.0m
- Taxes +€26,722
up €26,722 (+11.6%), from €230,541 to €257,263
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 | €4,716,456 | €3,526,739 | -€1.2m | -25.2% |
| Fixed assets | 21/28 | €2,554,166 | €2,400,046 | -€154,120 | -6.0% |
| Tangible fixed assets | 22/27 | €100,408 | €100,408 | = | 0.0% |
| Other tangible fixed assets | 26 | €100,408 | €100,408 | = | 0.0% |
| Financial fixed assets | 28 | €2,453,758 | €2,299,638 | -€154,120 | -6.3% |
| Current assets | 29/58 | €2,162,290 | €1,126,693 | -€1.0m | -47.9% |
| Amounts receivable after more than one year | 29 | - | €105,420 | +€105,420 | |
| Other amounts receivable | 291 | - | €105,420 | +€105,420 | |
| Amounts receivable within one year | 40/41 | €2,159,283 | €147,760 | -€2.0m | -93.2% |
| Trade receivables | 40 | €216,731 | €102,580 | -€114,151 | -52.7% |
| Other amounts receivable | 41 | €1,942,552 | €45,180 | -€1.9m | -97.7% |
| Cash at bank and in hand | 54/58 | - | €870,828 | +€870,828 | |
| Deferred charges and accrued income | 490/1 | €3,007 | €2,685 | -€322 | -10.7% |
| Total equity and liabilities | 10/49 | €4,716,456 | €3,526,739 | -€1.2m | -25.2% |
| Equity | 10/15 | €2,548,861 | €3,319,011 | +€770,150 | +30.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,487,361 | €3,257,511 | +€770,150 | +31.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,637,869 | €1,637,869 | = | 0.0% |
| Distributable reserves | 133 | €843,342 | €1,613,492 | +€770,150 | +91.3% |
| Amounts payable | 17/49 | €2,167,595 | €207,728 | -€2.0m | -90.4% |
| Amounts payable within one year | 42/48 | €2,163,697 | €203,802 | -€2.0m | -90.6% |
| Trade debts | 44 | €82,967 | €89,947 | +€6,980 | +8.4% |
| Suppliers | 440/4 | €82,967 | €89,947 | +€6,980 | +8.4% |
| Taxes, remuneration and social security | 45 | €79,559 | €113,855 | +€34,296 | +43.1% |
| Taxes | 450/3 | €77,318 | €113,065 | +€35,747 | +46.2% |
| Remuneration and social security | 454/9 | €2,241 | €790 | -€1,451 | -64.7% |
| Other amounts payable | 47/48 | €2,001,171 | - | -€2.0m | |
| Accrued charges and deferred income | 492/3 | €3,898 | €3,926 | +€28 | +0.7% |
| Remuneration, social security and pensions | 62 | €14,744 | €5,725 | -€9,019 | -61.2% |
| Other operating charges | 640/8 | €1,385 | €1,427 | +€42 | +3.0% |
| Gross operating margin | 9900 | €909,774 | €1,025,338 | +€115,564 | +12.7% |
| Operating profit (loss) | 9901 | €893,645 | €1,018,186 | +€124,541 | +13.9% |
| Financial income | 75/76B | €17,368 | €10,673 | -€6,695 | -38.5% |
| Recurring financial income | 75 | €17,368 | €10,673 | -€6,695 | -38.5% |
| Financial charges | 65/66B | €293 | €1,446 | +€1,153 | +394% |
| Recurring financial charges | 65 | €293 | €1,446 | +€1,153 | +394% |
| Profit (loss) for the period before taxes | 9903 | €910,720 | €1,027,413 | +€116,693 | +12.8% |
| Income taxes | 67/77 | €230,541 | €257,263 | +€26,722 | +11.6% |
| Profit (loss) for the period | 9904 | €680,179 | €770,150 | +€89,971 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €680,179 | €770,150 | +€89,971 | +13.2% |
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 19 October 2026 via checked.be.