DRAPIER YVES: 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.
DRAPIER YVES
Largest movements
- Current investments +€225,000
new in 2025: €225,000
- Cash -€133,289
down €133,289 (-70.0%), from €190,286 to €56,998
mainly Current investments (-€225,000) and Debts after one year (-€127,997)
- Receivables within one year -€48,313
down €48,313 (-47.6%), from €101,416 to €53,103
of which Trade receivables: -€47,304
- Tangible fixed assets -€8,486
down €8,486 (-2.6%), from €330,519 to €322,033
of which Land and buildings: -€6,766
- Reserves +€185,756
up €185,756 (+125%), from €148,360 to €334,116
of which Tax-exempt reserves: +€185,756
- Debts after one year -€127,997
down €127,997 (-62.7%), from €204,023 to €76,026
- Other debts -€47,635
down €47,635 (-32.5%), from €146,557 to €98,923
- Provisions +€46,439
new in 2025: €46,439
- Tax, wage and social debts -€31,713
down €31,713 (-56.9%), from €55,691 to €23,978
of which Remuneration and social security: -€17,519
- Staff costs -€133,394
down €133,394 (-92.7%), from €143,834 to €10,440
- Taxes -€29,453
down €29,453 (-88.3%), from €33,338 to €3,885
- Other operating charges -€5,520
down €5,520 (-75.6%), from €7,307 to €1,786
- Write-downs +€3,816
up €3,816, from -€3,127 to €689
- Gross operating margin -€3,196
down €3,196 (-1.1%), from €278,902 to €275,707
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 | €634,897 | €664,454 | +€29,557 | +4.7% |
| Fixed assets | 21/28 | €333,619 | €325,133 | -€8,486 | -2.5% |
| Tangible fixed assets | 22/27 | €330,519 | €322,033 | -€8,486 | -2.6% |
| Land and buildings | 22 | €328,274 | €321,508 | -€6,766 | -2.1% |
| Furniture and vehicles | 24 | €2,246 | €525 | -€1,721 | -76.6% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €301,277 | €339,321 | +€38,044 | +12.6% |
| Amounts receivable within one year | 40/41 | €101,416 | €53,103 | -€48,313 | -47.6% |
| Trade receivables | 40 | €100,407 | €53,103 | -€47,304 | -47.1% |
| Other amounts receivable | 41 | €1,009 | - | -€1,009 | |
| Current investments | 50/53 | - | €225,000 | +€225,000 | |
| Cash at bank and in hand | 54/58 | €190,286 | €56,998 | -€133,289 | -70.0% |
| Deferred charges and accrued income | 490/1 | €9,575 | €4,221 | -€5,354 | -55.9% |
| Total equity and liabilities | 10/49 | €634,897 | €664,454 | +€29,557 | +4.7% |
| Equity | 10/15 | €214,658 | €409,821 | +€195,163 | +90.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,360 | €334,116 | +€185,756 | +125% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | - | €185,756 | +€185,756 | |
| Distributable reserves | 133 | €146,500 | €148,360 | +€1,860 | +1.3% |
| Profit (loss) carried forward | 14 | €47,698 | €57,105 | +€9,407 | +19.7% |
| Provisions and deferred taxes | 16 | - | €46,439 | +€46,439 | |
| Deferred taxes | 168 | - | €46,439 | +€46,439 | |
| Amounts payable | 17/49 | €420,239 | €208,194 | -€212,045 | -50.5% |
| Amounts payable after more than one year | 17 | €204,023 | €76,026 | -€127,997 | -62.7% |
| Financial debts | 170/4 | €204,023 | €76,026 | -€127,997 | -62.7% |
| Amounts payable within one year | 42/48 | €216,201 | €132,168 | -€84,033 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €8,675 | €8,975 | +€300 | +3.5% |
| Trade debts | 44 | €5,278 | €292 | -€4,986 | -94.5% |
| Suppliers | 440/4 | €5,278 | €292 | -€4,986 | -94.5% |
| Taxes, remuneration and social security | 45 | €55,691 | €23,978 | -€31,713 | -56.9% |
| Taxes | 450/3 | €38,172 | €23,978 | -€14,194 | -37.2% |
| Remuneration and social security | 454/9 | €17,519 | - | -€17,519 | |
| Other amounts payable | 47/48 | €146,557 | €98,923 | -€47,635 | -32.5% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Non-recurring operating income | 76A | - | €246,728 | +€246,728 | |
| Remuneration, social security and pensions | 62 | €143,834 | €10,440 | -€133,394 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,293 | €12,629 | +€2,336 | +22.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,127 | €689 | +€3,816 | |
| Other operating charges | 640/8 | €7,307 | €1,786 | -€5,520 | -75.6% |
| Gross operating margin | 9900 | €278,902 | €275,707 | -€3,196 | -1.1% |
| Operating profit (loss) | 9901 | €120,595 | €250,162 | +€129,567 | +107% |
| Financial income | 75/76B | €420 | €1,040 | +€621 | +148% |
| Recurring financial income | 75 | €420 | €1,040 | +€621 | +148% |
| Financial charges | 65/66B | €8,714 | €5,714 | -€2,999 | -34.4% |
| Recurring financial charges | 65 | €8,714 | €5,714 | -€2,999 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €112,301 | €245,488 | +€133,187 | +119% |
| Transfer from deferred taxes | 780 | - | €2,906 | +€2,906 | |
| Transfer to deferred taxes | 680 | - | €49,346 | +€49,346 | |
| Income taxes | 67/77 | €33,338 | €3,885 | -€29,453 | -88.3% |
| Profit (loss) for the period | 9904 | €78,963 | €195,163 | +€116,200 | +147% |
| Transfer from tax-exempt reserves | 789 | - | €11,626 | +€11,626 | |
| Transfer to tax-exempt reserves | 689 | - | €197,382 | +€197,382 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,963 | €9,407 | -€69,556 | -88.1% |
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 14 October 2026 via checked.be.