DRAGON LIU: 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.
DRAGON LIU
Largest movements
- Cash +€33,862
up €33,862 (+54.9%), from €61,691 to €95,553
mainly Net result for the year (+€18,047) and Depreciation (+€15,390)
- Tangible fixed assets -€15,121
down €15,121 (-30.4%), from €49,765 to €34,644
of which Furniture and vehicles: -€11,507
- Deferred charges and accrued income +€4,084
up €4,084 (+213%), from €1,916 to €6,000
- Reserves +€18,047
up €18,047 (+18.1%), from €99,860 to €117,907
of which Distributable reserves: +€18,047
- Tax, wage and social debts +€7,031
up €7,031 (+79.7%), from €8,817 to €15,848
- Current portion of long-term debt -€3,715
no longer reported in 2025 (was €3,715)
- Gross operating margin +€10,238
up €10,238 (+24.2%), from €42,376 to €52,615
- Taxes +€5,488
up €5,488 (+99.8%), from €5,500 to €10,988
- Other operating charges +€817
up €817 (+14.7%), from €5,558 to €6,375
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 | €166,834 | €189,381 | +€22,547 | +13.5% |
| Fixed assets | 21/28 | €50,856 | €35,466 | -€15,390 | -30.3% |
| Intangible fixed assets | 21 | €1,054 | €785 | -€269 | -25.5% |
| Tangible fixed assets | 22/27 | €49,765 | €34,644 | -€15,121 | -30.4% |
| Furniture and vehicles | 24 | €25,819 | €14,312 | -€11,507 | -44.6% |
| Other tangible fixed assets | 26 | €23,947 | €20,332 | -€3,615 | -15.1% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €115,978 | €153,915 | +€37,937 | +32.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,371 | €2,362 | -€9 | -0.4% |
| Stocks | 30/36 | €2,371 | €2,362 | -€9 | -0.4% |
| Cash at bank and in hand | 54/58 | €61,691 | €95,553 | +€33,862 | +54.9% |
| Deferred charges and accrued income | 490/1 | €1,916 | €6,000 | +€4,084 | +213% |
| Total equity and liabilities | 10/49 | €166,834 | €189,381 | +€22,547 | +13.5% |
| Equity | 10/15 | €150,840 | €168,887 | +€18,047 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,860 | €117,907 | +€18,047 | +18.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €98,000 | €116,047 | +€18,047 | +18.4% |
| Profit (loss) carried forward | 14 | €32,380 | €32,380 | = | 0.0% |
| Amounts payable | 17/49 | €15,995 | €20,494 | +€4,499 | +28.1% |
| Amounts payable within one year | 42/48 | €15,995 | €20,494 | +€4,499 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €3,715 | - | -€3,715 | |
| Trade debts | 44 | €1,840 | €3,024 | +€1,184 | +64.3% |
| Suppliers | 440/4 | €1,840 | €3,024 | +€1,184 | +64.3% |
| Taxes, remuneration and social security | 45 | €8,817 | €15,848 | +€7,031 | +79.7% |
| Taxes | 450/3 | €8,817 | €15,848 | +€7,031 | +79.7% |
| Other amounts payable | 47/48 | €1,623 | €1,623 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,367 | €15,390 | +€23 | +0.2% |
| Other operating charges | 640/8 | €5,558 | €6,375 | +€817 | +14.7% |
| Gross operating margin | 9900 | €42,376 | €52,615 | +€10,238 | +24.2% |
| Operating profit (loss) | 9901 | €21,451 | €30,849 | +€9,398 | +43.8% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,925 | €1,817 | -€109 | -5.6% |
| Recurring financial charges | 65 | €1,925 | €1,817 | -€109 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €19,526 | €29,035 | +€9,509 | +48.7% |
| Income taxes | 67/77 | €5,500 | €10,988 | +€5,488 | +99.8% |
| Profit (loss) for the period | 9904 | €14,026 | €18,047 | +€4,022 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,026 | €18,047 | +€4,022 | +28.7% |
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 23 October 2026 via checked.be.