DRAGOFLAM: 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.
DRAGOFLAM
Largest movements
- Receivables within one year +€107,542
up €107,542 (+37.3%), from €288,404 to €395,946
of which Other amounts receivable: +€112,013
- Tangible fixed assets -€27,236
down €27,236 (-16.7%), from €162,660 to €135,423
of which Land and buildings: -€22,227
- Reserves +€87,115
up €87,115 (+45.8%), from €190,337 to €277,452
- Debts after one year -€32,620
down €32,620 (-28.7%), from €113,472 to €80,852
- Trade debts +€17,422
up €17,422 (+113.0%), from €15,421 to €32,843
- Accrued charges and deferred income -€9,800
down €9,800 (-100.0%), from €9,800 to €0
- Short-term financial debts +€8,466
up €8,466 (+38.4%), from €22,040 to €30,506
- Gross operating margin +€48,940
up €48,940 (+13.1%), from €372,920 to €421,860
- Taxes +€19,049
up €19,049 (+74.6%), from €25,532 to €44,581
- Write-downs -€6,004
down €6,004 (-100.0%), from €6,004 to €0
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 | €454,671 | €531,944 | +€77,273 | +17.0% |
| Fixed assets | 21/28 | €162,660 | €135,423 | -€27,236 | -16.7% |
| Tangible fixed assets | 22/27 | €162,660 | €135,423 | -€27,236 | -16.7% |
| Land and buildings | 22 | €133,320 | €111,093 | -€22,227 | -16.7% |
| Plant, machinery and equipment | 23 | €4,424 | €4,320 | -€104 | -2.4% |
| Furniture and vehicles | 24 | €3,407 | €2,145 | -€1,262 | -37.0% |
| Other tangible fixed assets | 26 | €21,508 | €17,865 | -€3,643 | -16.9% |
| Current assets | 29/58 | €292,011 | €396,520 | +€104,509 | +35.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €288,404 | €395,946 | +€107,542 | +37.3% |
| Trade receivables | 40 | €16,925 | €12,454 | -€4,471 | -26.4% |
| Other amounts receivable | 41 | €271,479 | €383,492 | +€112,013 | +41.3% |
| Cash at bank and in hand | 54/58 | €41 | €119 | +€78 | +188.1% |
| Deferred charges and accrued income | 490/1 | €3,566 | €455 | -€3,111 | -87.2% |
| Total equity and liabilities | 10/49 | €454,671 | €531,944 | +€77,273 | +17.0% |
| Equity | 10/15 | €204,592 | €291,707 | +€87,115 | +42.6% |
| Contributions | 10/11 | €14,255 | €14,255 | = | 0.0% |
| Reserves | 13 | €190,337 | €277,452 | +€87,115 | +45.8% |
| Distributable reserves | 133 | €190,337 | €277,452 | +€87,115 | +45.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €250,079 | €240,237 | -€9,842 | -3.9% |
| Amounts payable after more than one year | 17 | €113,472 | €80,852 | -€32,620 | -28.7% |
| Financial debts | 170/4 | €113,472 | €80,852 | -€32,620 | -28.7% |
| Amounts payable within one year | 42/48 | €126,807 | €159,385 | +€32,578 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €30,746 | €32,620 | +€1,874 | +6.1% |
| Financial debts | 43 | €22,040 | €30,506 | +€8,466 | +38.4% |
| Credit institutions | 430/8 | €22,040 | €30,506 | +€8,466 | +38.4% |
| Trade debts | 44 | €15,421 | €32,843 | +€17,422 | +113.0% |
| Suppliers | 440/4 | €15,421 | €32,843 | +€17,422 | +113.0% |
| Taxes, remuneration and social security | 45 | €58,596 | €63,412 | +€4,817 | +8.2% |
| Taxes | 450/3 | €29,211 | €44,290 | +€15,080 | +51.6% |
| Remuneration and social security | 454/9 | €29,385 | €19,122 | -€10,263 | -34.9% |
| Other amounts payable | 47/48 | €4 | €4 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,800 | €0 | -€9,800 | -100.0% |
| Remuneration, social security and pensions | 62 | €247,374 | €243,523 | -€3,851 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,871 | €29,813 | +€942 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,004 | €0 | -€6,004 | -100.0% |
| Other operating charges | 640/8 | €2,568 | €2,633 | +€65 | +2.5% |
| Gross operating margin | 9900 | €372,920 | €421,860 | +€48,940 | +13.1% |
| Operating profit (loss) | 9901 | €88,102 | €145,892 | +€57,789 | +65.6% |
| Financial income | 75/76B | €220 | €0 | -€220 | -100.0% |
| Recurring financial income | 75 | €220 | €0 | -€220 | -100.0% |
| Financial charges | 65/66B | €13,568 | €14,196 | +€628 | +4.6% |
| Recurring financial charges | 65 | €13,568 | €14,196 | +€628 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €74,754 | €131,696 | +€56,942 | +76.2% |
| Income taxes | 67/77 | €25,532 | €44,581 | +€19,049 | +74.6% |
| Profit (loss) for the period | 9904 | €49,223 | €87,115 | +€37,893 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,223 | €87,115 | +€37,893 | +77.0% |
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 2 October 2026 via checked.be.