DRAGONFLIES: 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.
DRAGONFLIES
Largest movements
- Receivables within one year -€199,554
down €199,554 (-48.0%), from €415,419 to €215,865
of which Trade receivables: -€246,122
- Cash +€166,427
up €166,427 (+200.9%), from €82,844 to €249,270
mainly Receivables within one year (+€199,554) and Investment in fixed assets (net) (+€120,000)
- Financial fixed assets -€120,000
down €120,000 (-21.1%), from €569,201 to €449,201
- Trade debts -€224,248
down €224,248 (-83.2%), from €269,455 to €45,207
- Reserves +€62,724
up €62,724 (+252.8%), from €24,812 to €87,537
- Other debts +€18,453
up €18,453 (+2.5%), from €726,667 to €745,120
- Accrued charges and deferred income -€12,547
down €12,547 (-50.1%), from €25,047 to €12,500
- Gross operating margin -€155,301
down €155,301 (-74.8%), from €207,511 to €52,211
- Financial income +€82,950
up €82,950 (+150735.9%), from €55 to €83,005
- Write-downs -€63,058
no longer reported in 2025 (was €63,058)
- Financial charges -€48,968
down €48,968 (-40.8%), from €119,891 to €70,923
of which Non-recurring financial charges: -€79,949
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 | €1,069,596 | €916,431 | -€153,165 | -14.3% |
| Fixed assets | 21/28 | €569,201 | €449,201 | -€120,000 | -21.1% |
| Financial fixed assets | 28 | €569,201 | €449,201 | -€120,000 | -21.1% |
| Current assets | 29/58 | €500,395 | €467,230 | -€33,165 | -6.6% |
| Amounts receivable within one year | 40/41 | €415,419 | €215,865 | -€199,554 | -48.0% |
| Trade receivables | 40 | €374,314 | €128,191 | -€246,122 | -65.8% |
| Other amounts receivable | 41 | €41,105 | €87,673 | +€46,569 | +113.3% |
| Cash at bank and in hand | 54/58 | €82,844 | €249,270 | +€166,427 | +200.9% |
| Deferred charges and accrued income | 490/1 | €2,133 | €2,095 | -€37 | -1.8% |
| Total equity and liabilities | 10/49 | €1,069,596 | €916,431 | -€153,165 | -14.3% |
| Equity | 10/15 | €44,812 | €107,537 | +€62,724 | +140.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €24,812 | €87,537 | +€62,724 | +252.8% |
| Distributable reserves | 133 | €24,812 | €87,537 | +€62,724 | +252.8% |
| Amounts payable | 17/49 | €1,024,784 | €808,894 | -€215,889 | -21.1% |
| Amounts payable within one year | 42/48 | €999,737 | €796,394 | -€203,342 | -20.3% |
| Trade debts | 44 | €269,455 | €45,207 | -€224,248 | -83.2% |
| Suppliers | 440/4 | €269,455 | €45,207 | -€224,248 | -83.2% |
| Taxes, remuneration and social security | 45 | €3,614 | €6,067 | +€2,453 | +67.9% |
| Taxes | 450/3 | €3,614 | €6,067 | +€2,453 | +67.9% |
| Other amounts payable | 47/48 | €726,667 | €745,120 | +€18,453 | +2.5% |
| Accrued charges and deferred income | 492/3 | €25,047 | €12,500 | -€12,547 | -50.1% |
| Non-recurring operating income | 76A | - | €6,017 | +€6,017 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €63,058 | - | -€63,058 | |
| Other operating charges | 640/8 | €2,046 | €1,568 | -€478 | -23.4% |
| Gross operating margin | 9900 | €207,511 | €52,211 | -€155,301 | -74.8% |
| Operating profit (loss) | 9901 | €142,407 | €50,642 | -€91,765 | -64.4% |
| Financial income | 75/76B | €55 | €83,005 | +€82,950 | +150735.9% |
| Recurring financial income | 75 | €55 | €83,005 | +€82,950 | +150735.9% |
| Financial charges | 65/66B | €119,891 | €70,923 | -€48,968 | -40.8% |
| Recurring financial charges | 65 | €9,542 | €40,523 | +€30,980 | +324.7% |
| Non-recurring financial charges | 66B | €110,349 | €30,400 | -€79,949 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €22,572 | €62,724 | +€40,153 | +177.9% |
| Income taxes | 67/77 | €259 | - | -€259 | |
| Profit (loss) for the period | 9904 | €22,313 | €62,724 | +€40,412 | +181.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,313 | €62,724 | +€40,412 | +181.1% |
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 11 October 2026 via checked.be.