DRAM-FLUTUR: 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.
DRAM-FLUTUR
Largest movements
- Tangible fixed assets +€192,075
up €192,075 (+56.0%), from €342,949 to €535,024
of which Leasing and similar rights: +€212,400
- Intangible fixed assets -€35,400
no longer reported in 2025 (was €35,400)
- Cash -€34,892
down €34,892 (-67.3%), from €51,821 to €16,929
mainly Investment in fixed assets (net) (-€242,472) and Current portion of long-term debt (-€20,182)
- Debts after one year +€154,457
up €154,457 (+47.1%), from €327,640 to €482,097
- Current portion of long-term debt -€20,182
down €20,182 (-32.0%), from €63,057 to €42,875
- Profit (loss) carried forward -€17,462
down €17,462, from €7,193 to -€10,269
- Other debts +€14,834
up €14,834 (+40.0%), from €37,080 to €51,914
- Trade debts -€7,688
down €7,688 (-85.8%), from €8,961 to €1,273
- Gross operating margin -€27,718
down €27,718 (-13.8%), from €200,167 to €172,449
- Financial charges -€9,889
down €9,889 (-9.5%), from €104,016 to €94,127
- Taxes -€4,582
down €4,582 (-89.9%), from €5,099 to €517
- Depreciation +€3,862
up €3,862 (+4.7%), from €81,935 to €85,797
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 | €462,531 | €586,490 | +€123,959 | +26.8% |
| Fixed assets | 21/28 | €378,349 | €535,024 | +€156,675 | +41.4% |
| Intangible fixed assets | 21 | €35,400 | - | -€35,400 | |
| Tangible fixed assets | 22/27 | €342,949 | €535,024 | +€192,075 | +56.0% |
| Furniture and vehicles | 24 | €63,249 | €42,923 | -€20,325 | -32.1% |
| Leasing and similar rights | 25 | €279,700 | €492,101 | +€212,400 | +75.9% |
| Current assets | 29/58 | €84,182 | €51,466 | -€32,716 | -38.9% |
| Amounts receivable within one year | 40/41 | €19,901 | €19,483 | -€418 | -2.1% |
| Other amounts receivable | 41 | €19,901 | €19,483 | -€418 | -2.1% |
| Cash at bank and in hand | 54/58 | €51,821 | €16,929 | -€34,892 | -67.3% |
| Deferred charges and accrued income | 490/1 | €12,461 | €15,054 | +€2,594 | +20.8% |
| Total equity and liabilities | 10/49 | €462,531 | €586,490 | +€123,959 | +26.8% |
| Equity | 10/15 | €25,793 | €8,331 | -€17,462 | -67.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,193 | -€10,269 | -€17,462 | |
| Amounts payable | 17/49 | €436,738 | €578,160 | +€141,422 | +32.4% |
| Amounts payable after more than one year | 17 | €327,640 | €482,097 | +€154,457 | +47.1% |
| Financial debts | 170/4 | €327,640 | €482,097 | +€154,457 | +47.1% |
| Amounts payable within one year | 42/48 | €109,098 | €96,062 | -€13,036 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €63,057 | €42,875 | -€20,182 | -32.0% |
| Trade debts | 44 | €8,961 | €1,273 | -€7,688 | -85.8% |
| Suppliers | 440/4 | €8,961 | €1,273 | -€7,688 | -85.8% |
| Other amounts payable | 47/48 | €37,080 | €51,914 | +€14,834 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,935 | €85,797 | +€3,862 | +4.7% |
| Other operating charges | 640/8 | €1,924 | €2,278 | +€354 | +18.4% |
| Gross operating margin | 9900 | €200,167 | €172,449 | -€27,718 | -13.8% |
| Operating profit (loss) | 9901 | €116,309 | €84,375 | -€31,934 | -27.5% |
| Financial charges | 65/66B | €104,016 | €94,127 | -€9,889 | -9.5% |
| Recurring financial charges | 65 | €104,016 | €94,127 | -€9,889 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €12,292 | -€9,752 | -€22,045 | |
| Income taxes | 67/77 | €5,099 | €517 | -€4,582 | -89.9% |
| Profit (loss) for the period | 9904 | €7,193 | -€10,269 | -€17,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,193 | -€10,269 | -€17,462 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.