Dragos: 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.
Dragos
Largest movements
- Receivables within one year -€61,957
down €61,957 (-52.1%), from €118,824 to €56,867
of which Trade receivables: -€60,450
- Tangible fixed assets +€32,744
up €32,744 (+76.5%), from €42,827 to €75,571
of which Furniture and vehicles: +€33,386
- Cash +€25,021
up €25,021 (+1,437%), from €1,741 to €26,762
mainly Receivables within one year (+€61,957) and Depreciation (+€21,632)
- Debts after one year -€10,280
down €10,280 (-56.7%), from €18,142 to €7,863
- Reserves +€7,351
up €7,351 (+35.6%), from €20,668 to €28,019
- Current portion of long-term debt +€6,370
up €6,370 (+63.4%), from €10,051 to €16,421
- Other debts -€3,718
down €3,718 (-14.2%), from €26,249 to €22,531
- Trade debts -€2,801
down €2,801 (-3.5%), from €80,665 to €77,864
- Other operating charges -€2,964
down €2,964 (-60.5%), from €4,902 to €1,938
- Depreciation -€2,269
down €2,269 (-9.5%), from €23,901 to €21,632
- Gross operating margin -€2,211
down €2,211 (-5.9%), from €37,526 to €35,315
- Taxes -€1,321
down €1,321 (-41.5%), from €3,182 to €1,861
- Financial charges +€388
up €388 (+18.0%), from €2,152 to €2,540
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 | €169,992 | €165,800 | -€4,192 | -2.5% |
| Fixed assets | 21/28 | €49,427 | €82,171 | +€32,744 | +66.2% |
| Tangible fixed assets | 22/27 | €42,827 | €75,571 | +€32,744 | +76.5% |
| Plant, machinery and equipment | 23 | €1,834 | €1,193 | -€641 | -35.0% |
| Furniture and vehicles | 24 | €40,992 | €74,378 | +€33,386 | +81.4% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €120,566 | €83,629 | -€36,936 | -30.6% |
| Amounts receivable within one year | 40/41 | €118,824 | €56,867 | -€61,957 | -52.1% |
| Trade receivables | 40 | €116,226 | €55,777 | -€60,450 | -52.0% |
| Other amounts receivable | 41 | €2,598 | €1,090 | -€1,508 | -58.0% |
| Cash at bank and in hand | 54/58 | €1,741 | €26,762 | +€25,021 | +1,437% |
| Total equity and liabilities | 10/49 | €169,992 | €165,800 | -€4,192 | -2.5% |
| Equity | 10/15 | €28,728 | €36,079 | +€7,351 | +25.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €20,668 | €28,019 | +€7,351 | +35.6% |
| Distributable reserves | 133 | €20,668 | €28,019 | +€7,351 | +35.6% |
| Amounts payable | 17/49 | €141,264 | €129,721 | -€11,543 | -8.2% |
| Amounts payable after more than one year | 17 | €18,142 | €7,863 | -€10,280 | -56.7% |
| Financial debts | 170/4 | €18,142 | €7,863 | -€10,280 | -56.7% |
| Amounts payable within one year | 42/48 | €123,122 | €121,858 | -€1,263 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €10,051 | €16,421 | +€6,370 | +63.4% |
| Trade debts | 44 | €80,665 | €77,864 | -€2,801 | -3.5% |
| Suppliers | 440/4 | €80,665 | €77,864 | -€2,801 | -3.5% |
| Taxes, remuneration and social security | 45 | €6,156 | €5,042 | -€1,114 | -18.1% |
| Taxes | 450/3 | €6,156 | €5,042 | -€1,114 | -18.1% |
| Other amounts payable | 47/48 | €26,249 | €22,531 | -€3,718 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,901 | €21,632 | -€2,269 | -9.5% |
| Other operating charges | 640/8 | €4,902 | €1,938 | -€2,964 | -60.5% |
| Gross operating margin | 9900 | €37,526 | €35,315 | -€2,211 | -5.9% |
| Operating profit (loss) | 9901 | €8,723 | €11,745 | +€3,022 | +34.6% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €2,152 | €2,540 | +€388 | +18.0% |
| Recurring financial charges | 65 | €2,152 | €2,540 | +€388 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €6,571 | €9,212 | +€2,641 | +40.2% |
| Income taxes | 67/77 | €3,182 | €1,861 | -€1,321 | -41.5% |
| Profit (loss) for the period | 9904 | €3,390 | €7,351 | +€3,962 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €3,390 | €7,351 | +€3,962 | +117% |
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 15 October 2026 via checked.be.