DRANS INVEST: what changed
DRANS INVEST
Largest movements
- Tangible fixed assets -€123,796
down €123,796 (-9.6%), from €1.3m to €1.2m
of which Other tangible fixed assets: -€83,079
- Cash -€15,089
down €15,089 (-77.7%), from €19,411 to €4,322
mainly Other debts (-€571,067) and Debts after one year (-€27,667)
- Other debts -€571,067
down €571,067 (-62.6%), from €912,439 to €341,372
- Reserves +€328,944
up €328,944 (+137%), from €239,767 to €568,711
of which Tax-exempt reserves: +€361,454
- Provisions +€119,250
up €119,250 (+1,183%), from €10,080 to €129,329
- Debts after one year -€27,667
down €27,667 (-25.0%), from €110,593 to €82,926
- Financial income +€500,738
up €500,738 (+48,941%), from €1,023 to €501,761
of which Non-recurring financial income: +€501,309
- Depreciation +€39,889
up €39,889 (+229%), from €17,411 to €57,300
- Gross operating margin +€22,907
up €22,907 (+146%), from €15,712 to €38,619
- Financial charges +€6,953
up €6,953 (+69.1%), from €10,058 to €17,012
- Other operating charges -€2,188
down €2,188 (-43.2%), from €5,063 to €2,875
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,327,339 | €1,173,618 | -€153,721 | -11.6% |
| Fixed assets | 21/28 | €1,290,131 | €1,166,335 | -€123,796 | -9.6% |
| Tangible fixed assets | 22/27 | €1,290,131 | €1,166,335 | -€123,796 | -9.6% |
| Land and buildings | 22 | €1,198,647 | €1,160,157 | -€38,490 | -3.2% |
| Plant, machinery and equipment | 23 | €8,405 | €6,178 | -€2,227 | -26.5% |
| Other tangible fixed assets | 26 | €83,079 | - | -€83,079 | |
| Current assets | 29/58 | €37,208 | €7,283 | -€29,925 | -80.4% |
| Amounts receivable after more than one year | 29 | €4,162 | - | -€4,162 | |
| Trade receivables | 290 | €4,162 | - | -€4,162 | |
| Amounts receivable within one year | 40/41 | €13,635 | €2,961 | -€10,674 | -78.3% |
| Other amounts receivable | 41 | €13,635 | €2,961 | -€10,674 | -78.3% |
| Cash at bank and in hand | 54/58 | €19,411 | €4,322 | -€15,089 | -77.7% |
| Total equity and liabilities | 10/49 | €1,327,339 | €1,173,618 | -€153,721 | -11.6% |
| Equity | 10/15 | €259,767 | €588,711 | +€328,944 | +127% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €239,767 | €568,711 | +€328,944 | +137% |
| Tax-exempt reserves | 132 | €25,015 | €386,470 | +€361,454 | +1,445% |
| Distributable reserves | 133 | €214,751 | €182,242 | -€32,510 | -15.1% |
| Provisions and deferred taxes | 16 | €10,080 | €129,329 | +€119,250 | +1,183% |
| Deferred taxes | 168 | €10,080 | €129,329 | +€119,250 | +1,183% |
| Amounts payable | 17/49 | €1,057,493 | €455,578 | -€601,915 | -56.9% |
| Amounts payable after more than one year | 17 | €110,593 | €82,926 | -€27,667 | -25.0% |
| Financial debts | 170/4 | €110,593 | €82,926 | -€27,667 | -25.0% |
| Amounts payable within one year | 42/48 | €946,900 | €372,651 | -€574,248 | -60.6% |
| Current portion of amounts payable after more than one year | 42 | €29,539 | €30,669 | +€1,130 | +3.8% |
| Trade debts | 44 | €4,921 | €610 | -€4,312 | -87.6% |
| Suppliers | 440/4 | €4,921 | €610 | -€4,312 | -87.6% |
| Other amounts payable | 47/48 | €912,439 | €341,372 | -€571,067 | -62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,411 | €57,300 | +€39,889 | +229% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16 | - | -€16 | |
| Other operating charges | 640/8 | €5,063 | €2,875 | -€2,188 | -43.2% |
| Gross operating margin | 9900 | €15,712 | €38,619 | +€22,907 | +146% |
| Operating profit (loss) | 9901 | -€6,777 | -€21,556 | -€14,779 | -218% |
| Financial income | 75/76B | €1,023 | €501,761 | +€500,738 | +48,941% |
| Recurring financial income | 75 | €1,023 | €452 | -€571 | -55.8% |
| Non-recurring financial income | 76B | - | €501,309 | +€501,309 | |
| Financial charges | 65/66B | €10,058 | €17,012 | +€6,953 | +69.1% |
| Recurring financial charges | 65 | €10,058 | €17,012 | +€6,953 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,812 | €463,194 | +€479,006 | |
| Transfer from deferred taxes | 780 | €3,502 | €6,078 | +€2,575 | +73.5% |
| Transfer to deferred taxes | 680 | - | €125,327 | +€125,327 | |
| Profit (loss) for the period | 9904 | -€12,310 | €343,944 | +€356,254 | |
| Transfer from tax-exempt reserves | 789 | €6,802 | €14,527 | +€7,726 | +114% |
| Transfer to tax-exempt reserves | 689 | - | €375,982 | +€375,982 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,508 | -€17,510 | -€12,002 | -218% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.