DRAM: 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.
DRAM
Largest movements
- Cash -€25,318
down €25,318 (-7.3%), from €344,972 to €319,654
mainly Other debts (-€97,700) and Accrued charges and deferred income (-€7,938)
- Other debts -€97,700
no longer reported in 2025 (was €97,700)
- Reserves +€69,154
up €69,154 (+18.8%), from €367,269 to €436,424
of which Distributable reserves: +€69,154
- Gross operating margin +€28,066
up €28,066 (+27.8%), from €101,050 to €129,115
- Taxes +€8,125
up €8,125 (+53.2%), from €15,273 to €23,398
- Financial charges -€3,586
down €3,586 (-44.6%), from €8,040 to €4,454
- Depreciation -€2,614
down €2,614 (-24.5%), from €10,657 to €8,043
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 | €1,000,965 | €967,610 | -€33,356 | -3.3% |
| Fixed assets | 21/28 | €652,874 | €644,831 | -€8,043 | -1.2% |
| Tangible fixed assets | 22/27 | €652,874 | €644,831 | -€8,043 | -1.2% |
| Land and buildings | 22 | €652,874 | €644,831 | -€8,043 | -1.2% |
| Current assets | 29/58 | €348,091 | €322,778 | -€25,313 | -7.3% |
| Cash at bank and in hand | 54/58 | €344,972 | €319,654 | -€25,318 | -7.3% |
| Deferred charges and accrued income | 490/1 | €3,119 | €3,125 | +€5 | +0.2% |
| Total equity and liabilities | 10/49 | €1,000,965 | €967,610 | -€33,356 | -3.3% |
| Equity | 10/15 | €868,989 | €938,144 | +€69,154 | +8.0% |
| Contributions | 10/11 | €501,720 | €501,720 | = | 0.0% |
| Capital | 10 | €501,720 | €501,720 | = | 0.0% |
| Issued capital | 100 | €501,720 | €501,720 | = | 0.0% |
| Reserves | 13 | €367,269 | €436,424 | +€69,154 | +18.8% |
| Non-distributable reserves | 130/1 | €50,172 | €50,172 | = | 0.0% |
| Legal reserve | 130 | €50,172 | €50,172 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,553 | €2,553 | = | 0.0% |
| Distributable reserves | 133 | €314,544 | €383,698 | +€69,154 | +22.0% |
| Amounts payable | 17/49 | €131,976 | €29,466 | -€102,510 | -77.7% |
| Amounts payable within one year | 42/48 | €107,392 | €12,820 | -€94,572 | -88.1% |
| Taxes, remuneration and social security | 45 | €9,692 | €12,820 | +€3,128 | +32.3% |
| Taxes | 450/3 | €9,692 | €12,820 | +€3,128 | +32.3% |
| Other amounts payable | 47/48 | €97,700 | - | -€97,700 | |
| Accrued charges and deferred income | 492/3 | €24,584 | €16,646 | -€7,938 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,657 | €8,043 | -€2,614 | -24.5% |
| Other operating charges | 640/8 | €23,688 | €24,393 | +€705 | +3.0% |
| Gross operating margin | 9900 | €101,050 | €129,115 | +€28,066 | +27.8% |
| Operating profit (loss) | 9901 | €66,705 | €96,679 | +€29,974 | +44.9% |
| Financial income | 75/76B | €270 | €327 | +€57 | +21.0% |
| Recurring financial income | 75 | €270 | €327 | +€57 | +21.0% |
| Financial charges | 65/66B | €8,040 | €4,454 | -€3,586 | -44.6% |
| Recurring financial charges | 65 | €8,040 | €4,454 | -€3,586 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €58,935 | €92,552 | +€33,617 | +57.0% |
| Income taxes | 67/77 | €15,273 | €23,398 | +€8,125 | +53.2% |
| Profit (loss) for the period | 9904 | €43,662 | €69,154 | +€25,492 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,662 | €69,154 | +€25,492 | +58.4% |
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 16 October 2026 via checked.be.