DRANCO: 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.
What changed
DRANCO
NACE 37.000, Sewerage
fiscal year 31-12-2024 against 31-12-2025filed annual accounts (NBB)
Net result for the year
€610,649
31-12-2024 · -€500,186+€1.1m
Equity
€2.3m
31-12-2024 · €1.9m+€397,542
Cash
€164
31-12-2024 · €7,002-€6,837
Balance sheet total
€18.9m
31-12-2024 · €9.6m+€9.3m
Largest movements
Assets
- Stocks and contracts +€10.5m
up €10.5m (+390.1%), from €2.7m to €13.2m
- Receivables within one year -€1.1m
down €1.1m (-21.6%), from €4.9m to €3.8m
of which Other amounts receivable: -€1.5m
Equity and liabilities
- Advances received +€9.0m
up €9.0m (+188.4%), from €4.8m to €13.7m
- Profit (loss) carried forward +€610,649
up €610,649 (+478.5%), from €127,614 to €738,262
- Provisions -€298,251
down €298,251 (-70.9%), from €420,830 to €122,579
of which Provisions for liabilities and charges: -€227,747
- Investment grants -€213,107
down €213,107 (-52.0%), from €409,436 to €196,330
Income statement
- Turnover -€7.7m
down €7.7m (-84.2%), from €9.2m to €1.5m
- Goods and materials +€3.9m
up €3.9m (+149.8%), from €2.6m to €6.5m
- Write-downs +€2.6m
up €2.6m (+92.2%), from -€2.8m to -€221,816
- Staff costs +€589,506
up €589,506 (+17.1%), from €3.4m to €4.0m
- Services and other goods +€179,782
up €179,782 (+18.6%), from €965,307 to €1.1m
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
-€500,186
Turnover
-€7.7m
Other operating income
+€90,598
Goods and materials
-€3.9m
Services and other goods
-€179,782
Staff costs
-€589,506
Depreciation
-€14,618
Write-downs
-€2.6m
Other operating charges
+€84,790
Other operating items
+€15.9m
Financial income
-€114,019
Financial charges
-€5,583
Taxes
+€144,354
Deferred taxes and other
+€26,635
Result 31-12-2025
€610,649
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€393,323
Investment
-€187,054
Financing
-€213,107
Cash 31-12-2024
€7,002
From operations (derived)
+€393,323
Net result for the year
+€610,649
Depreciation
+€348,878
Stocks and contracts
-€10.5m
Receivables within one year
+€1.1m
Smaller working-capital items
-€20,485
Provisions
-€298,251
Trade debts
+€156,170
Tax, wage and social debts
+€88,658
Advances received
+€9.0m
Investment (derived)
-€187,054
Investment in fixed assets (net)
-€187,054
Financing
-€213,107
Contributions, distributions and other
-€213,107
Cash 31-12-2025
€164
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,636,752 | €18,918,136 | +€9.3m | +96.3% |
| Fixed assets | 21/28 | €2,015,324 | €1,853,500 | -€161,824 | -8.0% |
| Intangible fixed assets | 21 | €579,382 | €450,116 | -€129,266 | -22.3% |
| Tangible fixed assets | 22/27 | €448,741 | €416,383 | -€32,358 | -7.2% |
| Plant, machinery and equipment | 23 | €360,743 | €307,501 | -€53,242 | -14.8% |
| Furniture and vehicles | 24 | €49,750 | €43,905 | -€5,845 | -11.7% |
| Other tangible fixed assets | 26 | €38,249 | €33,477 | -€4,771 | -12.5% |
| Assets under construction and advance payments | 27 | - | €31,500 | +€31,500 | |
| Financial fixed assets | 28 | €987,200 | €987,000 | -€200 | 0.0% |
| Affiliated companies | 280/1 | €987,000 | €987,000 | = | 0.0% |
| Participating interests | 280 | €987,000 | €987,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €200 | - | -€200 | |
| Amounts receivable and cash guarantees | 285/8 | €200 | - | -€200 | |
| Current assets | 29/58 | €7,621,428 | €17,064,636 | +€9.4m | +123.9% |
| Stocks and contracts in progress | 3 | €2,691,335 | €13,191,374 | +€10.5m | +390.1% |
| Contracts in progress | 37 | €2,691,335 | €13,191,374 | +€10.5m | +390.1% |
| Amounts receivable within one year | 40/41 | €4,895,256 | €3,840,019 | -€1.1m | -21.6% |
| Trade receivables | 40 | €1,471,064 | €1,918,444 | +€447,380 | +30.4% |
| Other amounts receivable | 41 | €3,424,192 | €1,921,575 | -€1.5m | -43.9% |
| Cash at bank and in hand | 54/58 | €7,002 | €164 | -€6,837 | -97.7% |
| Deferred charges and accrued income | 490/1 | €27,836 | €33,079 | +€5,243 | +18.8% |
| Total equity and liabilities | 10/49 | €9,636,752 | €18,918,136 | +€9.3m | +96.3% |
| Equity | 10/15 | €1,915,323 | €2,312,865 | +€397,542 | +20.8% |
| Contributions | 10/11 | €1,247,628 | €1,247,628 | = | 0.0% |
| Capital | 10 | €1,247,628 | €1,247,628 | = | 0.0% |
| Issued capital | 100 | €1,247,628 | €1,247,628 | = | 0.0% |
| Reserves | 13 | €130,645 | €130,645 | = | 0.0% |
| Non-distributable reserves | 130/1 | €124,763 | €124,763 | = | 0.0% |
| Legal reserve | 130 | €124,763 | €124,763 | = | 0.0% |
| Distributable reserves | 133 | €5,882 | €5,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,614 | €738,262 | +€610,649 | +478.5% |
| Investment grants | 15 | €409,436 | €196,330 | -€213,107 | -52.0% |
| Provisions and deferred taxes | 16 | €420,830 | €122,579 | -€298,251 | -70.9% |
| Provisions for liabilities and charges | 160/5 | €284,883 | €57,135 | -€227,747 | -79.9% |
| Other liabilities and charges | 164/5 | €284,883 | €57,135 | -€227,747 | -79.9% |
| Deferred taxes | 168 | €135,947 | €65,443 | -€70,504 | -51.9% |
| Amounts payable | 17/49 | €7,300,600 | €16,482,692 | +€9.2m | +125.8% |
| Amounts payable within one year | 42/48 | €7,285,358 | €16,482,692 | +€9.2m | +126.2% |
| Current portion of amounts payable after more than one year | 42 | €160,000 | €160,000 | = | 0.0% |
| Trade debts | 44 | €1,845,256 | €2,001,426 | +€156,170 | +8.5% |
| Suppliers | 440/4 | €1,845,256 | €2,001,426 | +€156,170 | +8.5% |
| Advances received on contracts in progress | 46 | €4,751,881 | €13,704,388 | +€9.0m | +188.4% |
| Taxes, remuneration and social security | 45 | €528,221 | €616,878 | +€88,658 | +16.8% |
| Taxes | 450/3 | €60,632 | €0 | -€60,631 | -100.0% |
| Remuneration and social security | 454/9 | €467,589 | €616,878 | +€149,289 | +31.9% |
| Accrued charges and deferred income | 492/3 | €15,242 | - | -€15,242 | |
| Operating income | 70/76A | €3,808,478 | €12,110,491 | +€8.3m | +218.0% |
| Turnover | 70 | €9,179,975 | €1,453,129 | -€7.7m | -84.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€5,598,891 | €10,500,039 | +€16.1m | |
| Own construction capitalised | 72 | €150,417 | €7,395 | -€143,022 | -95.1% |
| Other operating income | 74 | €47,852 | €138,450 | +€90,598 | +189.3% |
| Non-recurring operating income | 76A | €29,125 | €11,478 | -€17,647 | -60.6% |
| Operating charges | 60/66A | €4,714,445 | €11,957,011 | +€7.2m | +153.6% |
| Goods for resale, raw materials and consumables | 60 | €2,619,464 | €6,543,486 | +€3.9m | +149.8% |
| Purchases | 600/8 | €2,619,464 | €6,543,486 | +€3.9m | +149.8% |
| Services and other goods | 61 | €965,307 | €1,145,090 | +€179,782 | +18.6% |
| Remuneration, social security and pensions | 62 | €3,446,025 | €4,035,531 | +€589,506 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334,260 | €348,878 | +€14,618 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,841,244 | -€221,816 | +€2.6m | +92.2% |
| Other operating charges | 640/8 | €190,632 | €105,842 | -€84,790 | -44.5% |
| Operating profit (loss) | 9901 | -€905,968 | €153,480 | +€1.1m | |
| Financial income | 75/76B | €568,311 | €454,292 | -€114,019 | -20.1% |
| Recurring financial income | 75 | €568,311 | €454,292 | -€114,019 | -20.1% |
| Income from financial fixed assets | 750 | €468,000 | €260,000 | -€208,000 | -44.4% |
| Income from current assets | 751 | €17,123 | €48,352 | +€31,229 | +182.4% |
| Other financial income | 752/9 | €83,188 | €145,940 | +€62,752 | +75.4% |
| Financial charges | 65/66B | €17,559 | €23,141 | +€5,583 | +31.8% |
| Recurring financial charges | 65 | €17,559 | €23,141 | +€5,583 | +31.8% |
| Debt charges | 650 | €12,628 | €3,863 | -€8,765 | -69.4% |
| Other financial charges | 652/9 | €4,931 | €19,278 | +€14,347 | +291.0% |
| Profit (loss) for the period before taxes | 9903 | -€355,215 | €584,631 | +€939,846 | |
| Transfer from deferred taxes | 780 | €19,877 | €46,512 | +€26,635 | +134.0% |
| Income taxes | 67/77 | €164,848 | €20,494 | -€144,354 | -87.6% |
| Taxes | 670/3 | €164,848 | €21,563 | -€143,285 | -86.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,069 | +€1,069 | |
| Profit (loss) for the period | 9904 | -€500,186 | €610,649 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€500,186 | €610,649 | +€1.1m |
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 30 September 2026 via checked.be.