DRAGONDER: 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.
DRAGONDER
Largest movements
- Tangible fixed assets -€14,570
down €14,570 (-3.4%), from €423,994 to €409,424
- Short-term financial debts -€168,000
down €168,000 (-100.0%), from €168,000 to €0
of which Credit institutions: -€168,000
- Debts after one year +€146,407
up €146,407 (+15.1%), from €971,843 to €1.1m
of which Financial debts: +€98,077
- Profit (loss) carried forward -€21,009
down €21,009 (-13.3%), from -€158,055 to -€179,064
- Current portion of long-term debt +€19,887
up €19,887 (+58.0%), from €34,311 to €54,197
- Gross operating margin -€9,676
down €9,676 (-15.2%), from €63,762 to €54,086
- Financial charges -€9,132
down €9,132 (-15.7%), from €58,037 to €48,905
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 | €1,048,073 | €1,028,835 | -€19,238 | -1.8% |
| Fixed assets | 21/28 | €992,860 | €978,290 | -€14,570 | -1.5% |
| Tangible fixed assets | 22/27 | €423,994 | €409,424 | -€14,570 | -3.4% |
| Land and buildings | 22 | €423,994 | €409,424 | -€14,570 | -3.4% |
| Financial fixed assets | 28 | €568,866 | €568,866 | = | 0.0% |
| Current assets | 29/58 | €55,212 | €50,545 | -€4,668 | -8.5% |
| Amounts receivable after more than one year | 29 | €37,926 | €39,326 | +€1,400 | +3.7% |
| Other amounts receivable | 291 | €37,926 | €39,326 | +€1,400 | +3.7% |
| Amounts receivable within one year | 40/41 | €4,405 | €4,966 | +€561 | +12.7% |
| Trade receivables | 40 | €4,405 | €4,966 | +€561 | +12.7% |
| Cash at bank and in hand | 54/58 | €12,882 | €5,605 | -€7,277 | -56.5% |
| Deferred charges and accrued income | 490/1 | - | €648 | +€648 | |
| Total equity and liabilities | 10/49 | €1,048,073 | €1,028,835 | -€19,238 | -1.8% |
| Equity | 10/15 | -€143,795 | -€164,804 | -€21,009 | -14.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,055 | -€179,064 | -€21,009 | -13.3% |
| Amounts payable | 17/49 | €1,191,868 | €1,193,639 | +€1,771 | +0.1% |
| Amounts payable after more than one year | 17 | €971,843 | €1,118,250 | +€146,407 | +15.1% |
| Financial debts | 170/4 | €300,628 | €398,705 | +€98,077 | +32.6% |
| Other amounts payable | 178/9 | €671,215 | €719,545 | +€48,330 | +7.2% |
| Amounts payable within one year | 42/48 | €215,188 | €68,760 | -€146,428 | -68.0% |
| Current portion of amounts payable after more than one year | 42 | €34,311 | €54,197 | +€19,887 | +58.0% |
| Financial debts | 43 | €168,000 | €0 | -€168,000 | -100.0% |
| Credit institutions | 430/8 | €168,000 | €0 | -€168,000 | -100.0% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €6,223 | €7,908 | +€1,685 | +27.1% |
| Suppliers | 440/4 | €6,223 | €7,908 | +€1,685 | +27.1% |
| Other amounts payable | 47/48 | €6,654 | €6,654 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,837 | €6,629 | +€1,792 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,320 | €21,731 | +€411 | +1.9% |
| Other operating charges | 640/8 | €5,827 | €5,858 | +€31 | +0.5% |
| Gross operating margin | 9900 | €63,762 | €54,086 | -€9,676 | -15.2% |
| Operating profit (loss) | 9901 | €36,615 | €26,496 | -€10,118 | -27.6% |
| Financial income | 75/76B | €1,401 | €1,400 | -€1 | 0.0% |
| Recurring financial income | 75 | €1,401 | €1,400 | -€1 | 0.0% |
| Financial charges | 65/66B | €58,037 | €48,905 | -€9,132 | -15.7% |
| Recurring financial charges | 65 | €58,037 | €48,905 | -€9,132 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,022 | -€21,009 | -€987 | -4.9% |
| Profit (loss) for the period | 9904 | -€20,022 | -€21,009 | -€987 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,022 | -€21,009 | -€987 | -4.9% |
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 4 October 2026 via checked.be.