DRAL: 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.
DRAL
Largest movements
- Receivables within one year +€218,649
up €218,649 (+86.1%), from €253,912 to €472,561
of which Trade receivables: +€213,225
- Current investments +€150,000
new in 2025: €150,000
- Formation expenses -€71,616
no longer reported in 2025 (was €71,616)
- Cash -€48,382
down €48,382 (-35.3%), from €137,147 to €88,765
mainly Receivables within one year (-€218,649) and Current investments (-€150,000)
- Reserves +€277,020
up €277,020 (+98.0%), from €282,791 to €559,811
of which Distributable reserves: +€277,020
- Accrued charges and deferred income -€29,688
no longer reported in 2025 (was €29,688)
- Tax, wage and social debts +€20,308
up €20,308 (+181%), from €11,192 to €31,500
of which Taxes: +€20,899
- Debts after one year -€15,549
down €15,549 (-85.6%), from €18,170 to €2,621
- Gross operating margin +€270,303
up €270,303 (+214%), from €126,380 to €396,683
- Taxes +€109,477
up €109,477 (+623%), from €17,566 to €127,043
- Staff costs -€56,112
no longer reported in 2025 (was €56,112)
- Financial income +€10,453
up €10,453 (+11,487%), from €91 to €10,544
- Depreciation -€10,100
down €10,100 (-84.5%), from €11,947 to €1,847
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 | €480,619 | €727,704 | +€247,085 | +51.4% |
| Formation expenses | 20 | €71,616 | - | -€71,616 | |
| Fixed assets | 21/28 | €3,762 | €6,920 | +€3,158 | +83.9% |
| Tangible fixed assets | 22/27 | €3,687 | €6,845 | +€3,158 | +85.7% |
| Plant, machinery and equipment | 23 | €2,416 | €1,751 | -€665 | -27.5% |
| Furniture and vehicles | 24 | €1,271 | €1,738 | +€467 | +36.7% |
| Other tangible fixed assets | 26 | - | €3,356 | +€3,356 | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €405,241 | €720,784 | +€315,543 | +77.9% |
| Amounts receivable within one year | 40/41 | €253,912 | €472,561 | +€218,649 | +86.1% |
| Trade receivables | 40 | €43,736 | €256,961 | +€213,225 | +488% |
| Other amounts receivable | 41 | €210,176 | €215,600 | +€5,424 | +2.6% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €137,147 | €88,765 | -€48,382 | -35.3% |
| Deferred charges and accrued income | 490/1 | €14,182 | €9,458 | -€4,724 | -33.3% |
| Total equity and liabilities | 10/49 | €480,619 | €727,704 | +€247,085 | +51.4% |
| Equity | 10/15 | €400,941 | €678,034 | +€277,093 | +69.1% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €282,791 | €559,811 | +€277,020 | +98.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €280,931 | €557,951 | +€277,020 | +98.6% |
| Profit (loss) carried forward | 14 | €111,953 | €112,026 | +€73 | +0.1% |
| Amounts payable | 17/49 | €79,678 | €49,670 | -€30,008 | -37.7% |
| Amounts payable after more than one year | 17 | €18,170 | €2,621 | -€15,549 | -85.6% |
| Financial debts | 170/4 | €18,170 | €2,621 | -€15,549 | -85.6% |
| Amounts payable within one year | 42/48 | €31,820 | €47,049 | +€15,229 | +47.9% |
| Current portion of amounts payable after more than one year | 42 | €15,245 | €15,549 | +€304 | +2.0% |
| Trade debts | 44 | €5,383 | - | -€5,383 | |
| Suppliers | 440/4 | €5,383 | - | -€5,383 | |
| Taxes, remuneration and social security | 45 | €11,192 | €31,500 | +€20,308 | +181% |
| Taxes | 450/3 | €10,601 | €31,500 | +€20,899 | +197% |
| Remuneration and social security | 454/9 | €591 | - | -€591 | |
| Accrued charges and deferred income | 492/3 | €29,688 | - | -€29,688 | |
| Non-recurring operating income | 76A | - | €378,383 | +€378,383 | |
| Remuneration, social security and pensions | 62 | €56,112 | - | -€56,112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,947 | €1,847 | -€10,100 | -84.5% |
| Other operating charges | 640/8 | €560 | €530 | -€30 | -5.4% |
| Gross operating margin | 9900 | €126,380 | €396,683 | +€270,303 | +214% |
| Operating profit (loss) | 9901 | €57,761 | €394,306 | +€336,545 | +583% |
| Financial income | 75/76B | €91 | €10,544 | +€10,453 | +11,487% |
| Recurring financial income | 75 | €91 | €10,544 | +€10,453 | +11,487% |
| Financial charges | 65/66B | €2,085 | €714 | -€1,371 | -65.8% |
| Recurring financial charges | 65 | €2,085 | €714 | -€1,371 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €55,767 | €404,136 | +€348,369 | +625% |
| Income taxes | 67/77 | €17,566 | €127,043 | +€109,477 | +623% |
| Profit (loss) for the period | 9904 | €38,201 | €277,093 | +€238,892 | +625% |
| Profit (loss) for the period to be appropriated | 9905 | €38,201 | €277,093 | +€238,892 | +625% |
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 20 October 2026 via checked.be.