DRAHX: 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.
DRAHX
Largest movements
- Receivables within one year -€79,909
down €79,909 (-39.4%), from €203,047 to €123,138
of which Trade receivables: -€85,118
- Cash +€43,202
up €43,202 (+1628.5%), from €2,653 to €45,855
mainly Receivables within one year (+€79,909) and Depreciation (+€23,792)
- Tangible fixed assets -€11,615
down €11,615 (-29.0%), from €40,037 to €28,422
of which Leasing and similar rights: -€7,440
- Intangible fixed assets -€9,000
no longer reported in 2025 (was €9,000)
- Deferred charges and accrued income +€3,725
up €3,725 (+186.6%), from €1,996 to €5,721
- Reserves -€18,361
down €18,361 (-15.3%), from €119,838 to €101,476
- Debts after one year -€15,297
down €15,297 (-80.4%), from €19,027 to €3,731
- Short-term financial debts -€11,515
no longer reported in 2025 (was €11,515)
- Trade debts -€7,195
down €7,195 (-11.2%), from €64,148 to €56,953
- Tax, wage and social debts -€4,022
down €4,022 (-31.2%), from €12,891 to €8,869
of which Taxes: -€4,450
- Gross operating margin -€56,184
down €56,184 (-39.5%), from €142,209 to €86,024
- Taxes -€13,332
down €13,332 (-65.9%), from €20,226 to €6,893
- Staff costs +€6,874
up €6,874 (+28.1%), from €24,456 to €31,331
- Depreciation +€2,027
up €2,027 (+9.3%), from €21,765 to €23,792
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.
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 | €257,833 | €203,499 | -€54,334 | -21.1% |
| Fixed assets | 21/28 | €50,137 | €28,785 | -€21,352 | -42.6% |
| Intangible fixed assets | 21 | €9,000 | - | -€9,000 | |
| Tangible fixed assets | 22/27 | €40,037 | €28,422 | -€11,615 | -29.0% |
| Plant, machinery and equipment | 23 | €8,062 | €7,837 | -€225 | -2.8% |
| Furniture and vehicles | 24 | €10,862 | €7,204 | -€3,659 | -33.7% |
| Leasing and similar rights | 25 | €18,407 | €10,967 | -€7,440 | -40.4% |
| Other tangible fixed assets | 26 | €2,705 | €2,414 | -€290 | -10.7% |
| Financial fixed assets | 28 | €1,101 | €363 | -€738 | -67.0% |
| Current assets | 29/58 | €207,696 | €174,714 | -€32,982 | -15.9% |
| Amounts receivable within one year | 40/41 | €203,047 | €123,138 | -€79,909 | -39.4% |
| Trade receivables | 40 | €182,225 | €97,106 | -€85,118 | -46.7% |
| Other amounts receivable | 41 | €20,822 | €26,032 | +€5,210 | +25.0% |
| Cash at bank and in hand | 54/58 | €2,653 | €45,855 | +€43,202 | +1628.5% |
| Deferred charges and accrued income | 490/1 | €1,996 | €5,721 | +€3,725 | +186.6% |
| Total equity and liabilities | 10/49 | €257,833 | €203,499 | -€54,334 | -21.1% |
| Equity | 10/15 | €121,113 | €102,751 | -€18,361 | -15.2% |
| Contributions | 10/11 | €1,275 | €1,275 | = | 0.0% |
| Reserves | 13 | €119,838 | €101,476 | -€18,361 | -15.3% |
| Distributable reserves | 133 | €119,838 | €101,476 | -€18,361 | -15.3% |
| Amounts payable | 17/49 | €136,720 | €100,748 | -€35,973 | -26.3% |
| Amounts payable after more than one year | 17 | €19,027 | €3,731 | -€15,297 | -80.4% |
| Financial debts | 170/4 | €19,027 | €3,731 | -€15,297 | -80.4% |
| Amounts payable within one year | 42/48 | €116,453 | €96,985 | -€19,468 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €15,049 | €15,097 | +€48 | +0.3% |
| Financial debts | 43 | €11,515 | - | -€11,515 | |
| Other loans | 439 | €11,515 | - | -€11,515 | |
| Trade debts | 44 | €64,148 | €56,953 | -€7,195 | -11.2% |
| Suppliers | 440/4 | €64,148 | €56,953 | -€7,195 | -11.2% |
| Taxes, remuneration and social security | 45 | €12,891 | €8,869 | -€4,022 | -31.2% |
| Taxes | 450/3 | €6,730 | €2,280 | -€4,450 | -66.1% |
| Remuneration and social security | 454/9 | €6,160 | €6,589 | +€428 | +7.0% |
| Other amounts payable | 47/48 | €12,851 | €16,067 | +€3,216 | +25.0% |
| Accrued charges and deferred income | 492/3 | €1,239 | €31 | -€1,208 | -97.5% |
| Remuneration, social security and pensions | 62 | €24,456 | €31,331 | +€6,874 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,765 | €23,792 | +€2,027 | +9.3% |
| Other operating charges | 640/8 | €893 | €2,145 | +€1,252 | +140.2% |
| Gross operating margin | 9900 | €142,209 | €86,024 | -€56,184 | -39.5% |
| Operating profit (loss) | 9901 | €95,095 | €28,757 | -€66,338 | -69.8% |
| Financial income | 75/76B | €216 | €154 | -€62 | -28.6% |
| Recurring financial income | 75 | €216 | €154 | -€62 | -28.6% |
| Financial charges | 65/66B | €1,957 | €1,909 | -€48 | -2.5% |
| Recurring financial charges | 65 | €1,957 | €1,909 | -€48 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €93,354 | €27,002 | -€66,351 | -71.1% |
| Income taxes | 67/77 | €20,226 | €6,893 | -€13,332 | -65.9% |
| Profit (loss) for the period | 9904 | €73,128 | €20,109 | -€53,019 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,128 | €20,109 | -€53,019 | -72.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.