DRAGOPAINT: 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.
DRAGOPAINT
Largest movements
- Stocks and contracts +€189,790
up €189,790 (+44.3%), from €428,258 to €618,048
- Cash -€50,795
down €50,795 (-13.6%), from €373,029 to €322,234
mainly Investment in fixed assets (net) (-€190,433) and Stocks and contracts (-€189,790)
- Receivables within one year -€36,344
down €36,344 (-3.6%), from €1.0m to €980,551
of which Trade receivables: -€28,512
- Tangible fixed assets +€33,745
up €33,745 (+7.7%), from €438,115 to €471,860
of which Furniture and vehicles: +€50,713
- Trade debts +€258,149
up €258,149 (+106.5%), from €242,379 to €500,528
- Other debts +€185,859
up €185,859 (+113.3%), from €164,067 to €349,926
- Reserves -€160,000
down €160,000 (-90.8%), from €176,131 to €16,131
of which Distributable reserves: -€160,000
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
- Tax, wage and social debts -€44,622
down €44,622 (-38.0%), from €117,377 to €72,755
of which Remuneration and social security: -€27,058
- Gross operating margin -€194,256
down €194,256 (-21.4%), from €907,914 to €713,658
- Taxes -€54,699
down €54,699 (-81.6%), from €67,067 to €12,368
- Depreciation +€24,345
up €24,345 (+18.4%), from €132,343 to €156,688
- Staff costs +€21,639
up €21,639 (+4.7%), from €461,482 to €483,121
- Financial charges +€9,763
up €9,763 (+51.8%), from €18,847 to €28,610
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 | €2,268,984 | €2,405,380 | +€136,396 | +6.0% |
| Fixed assets | 21/28 | €450,802 | €484,547 | +€33,745 | +7.5% |
| Tangible fixed assets | 22/27 | €438,115 | €471,860 | +€33,745 | +7.7% |
| Land and buildings | 22 | €14,874 | €14,874 | = | 0.0% |
| Plant, machinery and equipment | 23 | €409,623 | €392,655 | -€16,968 | -4.1% |
| Furniture and vehicles | 24 | €13,618 | €64,331 | +€50,713 | +372.4% |
| Financial fixed assets | 28 | €12,687 | €12,687 | = | 0.0% |
| Current assets | 29/58 | €1,818,182 | €1,920,833 | +€102,651 | +5.6% |
| Stocks and contracts in progress | 3 | €428,258 | €618,048 | +€189,790 | +44.3% |
| Stocks | 30/36 | €428,258 | €618,048 | +€189,790 | +44.3% |
| Amounts receivable within one year | 40/41 | €1,016,895 | €980,551 | -€36,344 | -3.6% |
| Trade receivables | 40 | €995,887 | €967,375 | -€28,512 | -2.9% |
| Other amounts receivable | 41 | €21,008 | €13,176 | -€7,832 | -37.3% |
| Cash at bank and in hand | 54/58 | €373,029 | €322,234 | -€50,795 | -13.6% |
| Total equity and liabilities | 10/49 | €2,268,984 | €2,405,380 | +€136,396 | +6.0% |
| Equity | 10/15 | €1,257,902 | €1,139,423 | -€118,479 | -9.4% |
| Contributions | 10/11 | €161,131 | €161,131 | = | 0.0% |
| Capital | 10 | €161,131 | €161,131 | = | 0.0% |
| Issued capital | 100 | €161,131 | €161,131 | = | 0.0% |
| Reserves | 13 | €176,131 | €16,131 | -€160,000 | -90.8% |
| Non-distributable reserves | 130/1 | €16,131 | €16,131 | = | 0.0% |
| Legal reserve | 130 | €16,131 | €16,131 | = | 0.0% |
| Distributable reserves | 133 | €160,000 | - | -€160,000 | |
| Profit (loss) carried forward | 14 | €920,640 | €962,161 | +€41,521 | +4.5% |
| Amounts payable | 17/49 | €1,011,082 | €1,265,957 | +€254,875 | +25.2% |
| Amounts payable after more than one year | 17 | €243,518 | €243,518 | = | 0.0% |
| Financial debts | 170/4 | €243,518 | €243,518 | = | 0.0% |
| Amounts payable within one year | 42/48 | €767,564 | €1,022,439 | +€254,875 | +33.2% |
| Current portion of amounts payable after more than one year | 42 | €143,741 | €99,230 | -€44,511 | -31.0% |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €242,379 | €500,528 | +€258,149 | +106.5% |
| Suppliers | 440/4 | €242,379 | €500,528 | +€258,149 | +106.5% |
| Taxes, remuneration and social security | 45 | €117,377 | €72,755 | -€44,622 | -38.0% |
| Taxes | 450/3 | €48,418 | €30,854 | -€17,564 | -36.3% |
| Remuneration and social security | 454/9 | €68,959 | €41,901 | -€27,058 | -39.2% |
| Other amounts payable | 47/48 | €164,067 | €349,926 | +€185,859 | +113.3% |
| Remuneration, social security and pensions | 62 | €461,482 | €483,121 | +€21,639 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,343 | €156,688 | +€24,345 | +18.4% |
| Other operating charges | 640/8 | €12,292 | €16,764 | +€4,472 | +36.4% |
| Gross operating margin | 9900 | €907,914 | €713,658 | -€194,256 | -21.4% |
| Operating profit (loss) | 9901 | €301,797 | €57,085 | -€244,712 | -81.1% |
| Financial income | 75/76B | €23,089 | €25,414 | +€2,325 | +10.1% |
| Recurring financial income | 75 | €23,089 | €10,820 | -€12,269 | -53.1% |
| Non-recurring financial income | 76B | - | €14,594 | +€14,594 | |
| Financial charges | 65/66B | €18,847 | €28,610 | +€9,763 | +51.8% |
| Recurring financial charges | 65 | €18,847 | €28,610 | +€9,763 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €306,039 | €53,889 | -€252,150 | -82.4% |
| Income taxes | 67/77 | €67,067 | €12,368 | -€54,699 | -81.6% |
| Profit (loss) for the period | 9904 | €238,972 | €41,521 | -€197,451 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €238,972 | €41,521 | -€197,451 | -82.6% |
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 9 October 2026 via checked.be.