DRAGI-SAN: 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.
DRAGI-SAN
Largest movements
- Tangible fixed assets -€17,642
down €17,642 (-20.4%), from €86,366 to €68,723
of which Furniture and vehicles: -€17,123
- Receivables within one year +€4,425
up €4,425 (+602%), from €735 to €5,160
of which Trade receivables: +€4,627
- Cash -€2,537
down €2,537 (-18.1%), from €13,988 to €11,451
mainly Debts after one year (-€14,825) and Investment in fixed assets (net) (-€6,505)
- Debts after one year -€14,825
down €14,825 (-27.7%), from €53,581 to €38,756
- Profit (loss) carried forward +€5,571
up €5,571 (+11.8%), from -€47,037 to -€41,466
- Current portion of long-term debt -€5,456
down €5,456 (-26.9%), from €20,281 to €14,825
- Trade debts -€2,057
down €2,057 (-30.2%), from €6,811 to €4,753
- Tax, wage and social debts +€1,554
up €1,554 (+445%), from €349 to €1,903
- Gross operating margin -€8,084
down €8,084 (-18.4%), from €43,938 to €35,854
- Financial charges +€825
up €825 (+21.7%), from €3,794 to €4,619
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 | €106,182 | €90,231 | -€15,950 | -15.0% |
| Fixed assets | 21/28 | €86,366 | €68,723 | -€17,642 | -20.4% |
| Tangible fixed assets | 22/27 | €86,366 | €68,723 | -€17,642 | -20.4% |
| Plant, machinery and equipment | 23 | €13,158 | €12,639 | -€519 | -3.9% |
| Furniture and vehicles | 24 | €73,208 | €56,084 | -€17,123 | -23.4% |
| Current assets | 29/58 | €19,816 | €21,508 | +€1,692 | +8.5% |
| Stocks and contracts in progress | 3 | €4,360 | €3,980 | -€380 | -8.7% |
| Stocks | 30/36 | €4,360 | €3,980 | -€380 | -8.7% |
| Amounts receivable within one year | 40/41 | €735 | €5,160 | +€4,425 | +602% |
| Trade receivables | 40 | €242 | €4,869 | +€4,627 | +1,915% |
| Other amounts receivable | 41 | €493 | €291 | -€202 | -41.0% |
| Cash at bank and in hand | 54/58 | €13,988 | €11,451 | -€2,537 | -18.1% |
| Deferred charges and accrued income | 490/1 | €734 | €917 | +€183 | +25.0% |
| Total equity and liabilities | 10/49 | €106,182 | €90,231 | -€15,950 | -15.0% |
| Equity | 10/15 | -€9,107 | -€3,536 | +€5,571 | +61.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,329 | €19,329 | = | 0.0% |
| Distributable reserves | 133 | €19,329 | €19,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,037 | -€41,466 | +€5,571 | +11.8% |
| Amounts payable | 17/49 | €115,289 | €93,768 | -€21,522 | -18.7% |
| Amounts payable after more than one year | 17 | €53,581 | €38,756 | -€14,825 | -27.7% |
| Financial debts | 170/4 | €53,581 | €38,756 | -€14,825 | -27.7% |
| Amounts payable within one year | 42/48 | €61,709 | €55,012 | -€6,696 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €20,281 | €14,825 | -€5,456 | -26.9% |
| Financial debts | 43 | - | €52 | +€52 | |
| Credit institutions | 430/8 | - | €52 | +€52 | |
| Trade debts | 44 | €6,811 | €4,753 | -€2,057 | -30.2% |
| Suppliers | 440/4 | €6,811 | €4,753 | -€2,057 | -30.2% |
| Taxes, remuneration and social security | 45 | €349 | €1,903 | +€1,554 | +445% |
| Taxes | 450/3 | €349 | €1,903 | +€1,554 | +445% |
| Other amounts payable | 47/48 | €34,268 | €33,479 | -€788 | -2.3% |
| Non-recurring operating income | 76A | €8,858 | €1,664 | -€7,194 | -81.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,192 | €24,147 | -€45 | -0.2% |
| Other operating charges | 640/8 | €1,614 | €1,252 | -€362 | -22.4% |
| Gross operating margin | 9900 | €43,938 | €35,854 | -€8,084 | -18.4% |
| Operating profit (loss) | 9901 | €18,132 | €10,454 | -€7,677 | -42.3% |
| Financial income | 75/76B | €9 | €4 | -€5 | -60.7% |
| Recurring financial income | 75 | €9 | €4 | -€5 | -60.7% |
| Financial charges | 65/66B | €3,794 | €4,619 | +€825 | +21.7% |
| Recurring financial charges | 65 | €3,794 | €4,619 | +€825 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €14,347 | €5,839 | -€8,508 | -59.3% |
| Income taxes | 67/77 | €349 | €268 | -€81 | -23.2% |
| Profit (loss) for the period | 9904 | €13,998 | €5,571 | -€8,427 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,998 | €5,571 | -€8,427 | -60.2% |
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 22 October 2026 via checked.be.