Dragonfly: 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.
Dragonfly
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€45,057
down €45,057 (-57.2%), from €78,779 to €33,721
mainly Current investments (-€100,000) and Tax, wage and social debts (-€22,210)
- Receivables within one year -€26,180
down €26,180 (-74.0%), from €35,401 to €9,221
of which Other amounts receivable: -€18,138
- Tangible fixed assets -€12,383
down €12,383 (-23.4%), from €52,832 to €40,449
of which Furniture and vehicles: -€12,168
- Reserves +€42,519
up €42,519 (+39.0%), from €109,014 to €151,533
- Tax, wage and social debts -€22,210
down €22,210 (-75.3%), from €29,485 to €7,275
- Other debts -€6,966
down €6,966 (-88.2%), from €7,897 to €931
- Accrued charges and deferred income +€2,070
new in 2025: €2,070
- Gross operating margin -€121,685
down €121,685 (-61.1%), from €199,170 to €77,485
- Taxes -€36,113
down €36,113 (-67.0%), from €53,905 to €17,792
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 | €170,911 | €185,252 | +€14,341 | +8.4% |
| Fixed assets | 21/28 | €53,614 | €41,030 | -€12,583 | -23.5% |
| Intangible fixed assets | 21 | €781 | €581 | -€200 | -25.6% |
| Tangible fixed assets | 22/27 | €52,832 | €40,449 | -€12,383 | -23.4% |
| Furniture and vehicles | 24 | €50,847 | €38,679 | -€12,168 | -23.9% |
| Other tangible fixed assets | 26 | €1,985 | €1,770 | -€215 | -10.8% |
| Current assets | 29/58 | €117,297 | €144,222 | +€26,925 | +23.0% |
| Amounts receivable within one year | 40/41 | €35,401 | €9,221 | -€26,180 | -74.0% |
| Trade receivables | 40 | €16,779 | €8,737 | -€8,042 | -47.9% |
| Other amounts receivable | 41 | €18,622 | €484 | -€18,138 | -97.4% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €78,779 | €33,721 | -€45,057 | -57.2% |
| Deferred charges and accrued income | 490/1 | €3,117 | €1,279 | -€1,838 | -59.0% |
| Total equity and liabilities | 10/49 | €170,911 | €185,252 | +€14,341 | +8.4% |
| Equity | 10/15 | €132,014 | €174,533 | +€42,519 | +32.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €109,014 | €151,533 | +€42,519 | +39.0% |
| Distributable reserves | 133 | €109,014 | €151,533 | +€42,519 | +39.0% |
| Profit (loss) carried forward | 14 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €38,897 | €10,719 | -€28,178 | -72.4% |
| Amounts payable within one year | 42/48 | €38,897 | €8,648 | -€30,248 | -77.8% |
| Trade debts | 44 | €1,515 | €443 | -€1,072 | -70.8% |
| Suppliers | 440/4 | €1,515 | €443 | -€1,072 | -70.8% |
| Taxes, remuneration and social security | 45 | €29,485 | €7,275 | -€22,210 | -75.3% |
| Taxes | 450/3 | €29,485 | €7,275 | -€22,210 | -75.3% |
| Other amounts payable | 47/48 | €7,897 | €931 | -€6,966 | -88.2% |
| Accrued charges and deferred income | 492/3 | - | €2,070 | +€2,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,233 | €14,458 | +€225 | +1.6% |
| Other operating charges | 640/8 | €152 | €296 | +€144 | +94.8% |
| Non-recurring operating charges | 66A | - | €509 | +€509 | |
| Gross operating margin | 9900 | €199,170 | €77,485 | -€121,685 | -61.1% |
| Operating profit (loss) | 9901 | €184,785 | €62,222 | -€122,563 | -66.3% |
| Financial income | 75/76B | €0 | €571 | +€571 | +5,713,800% |
| Recurring financial income | 75 | €0 | €571 | +€571 | +5,713,800% |
| Financial charges | 65/66B | €147 | €816 | +€669 | +455% |
| Recurring financial charges | 65 | €147 | €816 | +€669 | +455% |
| Profit (loss) for the period before taxes | 9903 | €184,638 | €61,977 | -€122,660 | -66.4% |
| Income taxes | 67/77 | €53,905 | €17,792 | -€36,113 | -67.0% |
| Profit (loss) for the period | 9904 | €130,732 | €44,185 | -€86,547 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €130,732 | €44,185 | -€86,547 | -66.2% |
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 1 November 2026 via checked.be.