DRARX: 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.
DRARX
Largest movements
- Cash +€183,436
up €183,436 (+91.5%), from €200,491 to €383,927
mainly Current investments (+€142,448) and Net result for the year (+€105,507)
- Current investments -€142,448
down €142,448 (-71.2%), from €200,000 to €57,552
- Tangible fixed assets -€13,763
down €13,763 (-25.0%), from €55,118 to €41,355
of which Furniture and vehicles: -€13,357
- Reserves +€47,527
up €47,527 (+11.1%), from €428,158 to €475,685
- Other debts -€19,067
down €19,067 (-24.7%), from €77,047 to €57,980
- Debts after one year -€8,873
down €8,873 (-51.6%), from €17,201 to €8,327
- Gross operating margin -€19,180
down €19,180 (-10.7%), from €180,056 to €160,876
- Taxes -€4,395
down €4,395 (-9.2%), from €47,829 to €43,434
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 | €557,116 | €580,822 | +€23,706 | +4.3% |
| Fixed assets | 21/28 | €55,118 | €41,355 | -€13,763 | -25.0% |
| Tangible fixed assets | 22/27 | €55,118 | €41,355 | -€13,763 | -25.0% |
| Furniture and vehicles | 24 | €53,306 | €39,949 | -€13,357 | -25.1% |
| Other tangible fixed assets | 26 | €1,812 | €1,406 | -€406 | -22.4% |
| Current assets | 29/58 | €501,998 | €539,467 | +€37,469 | +7.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €97,084 | €94,095 | -€2,990 | -3.1% |
| Trade receivables | 40 | €88,223 | €82,532 | -€5,691 | -6.5% |
| Other amounts receivable | 41 | €8,862 | €11,563 | +€2,702 | +30.5% |
| Current investments | 50/53 | €200,000 | €57,552 | -€142,448 | -71.2% |
| Cash at bank and in hand | 54/58 | €200,491 | €383,927 | +€183,436 | +91.5% |
| Deferred charges and accrued income | 490/1 | €4,422 | €3,893 | -€529 | -12.0% |
| Total equity and liabilities | 10/49 | €557,116 | €580,822 | +€23,706 | +4.3% |
| Equity | 10/15 | €440,853 | €488,380 | +€47,527 | +10.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €428,158 | €475,685 | +€47,527 | +11.1% |
| Distributable reserves | 133 | €428,158 | €475,685 | +€47,527 | +11.1% |
| Profit (loss) carried forward | 14 | €296 | €296 | = | 0.0% |
| Amounts payable | 17/49 | €116,263 | €92,441 | -€23,821 | -20.5% |
| Amounts payable after more than one year | 17 | €17,201 | €8,327 | -€8,873 | -51.6% |
| Financial debts | 170/4 | €17,201 | €8,327 | -€8,873 | -51.6% |
| Amounts payable within one year | 42/48 | €99,062 | €84,114 | -€14,948 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €8,658 | €8,873 | +€216 | +2.5% |
| Trade debts | 44 | €1,495 | €1,977 | +€482 | +32.2% |
| Suppliers | 440/4 | €1,495 | €1,977 | +€482 | +32.2% |
| Taxes, remuneration and social security | 45 | €11,863 | €15,284 | +€3,421 | +28.8% |
| Taxes | 450/3 | €11,863 | €15,284 | +€3,421 | +28.8% |
| Other amounts payable | 47/48 | €77,047 | €57,980 | -€19,067 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,956 | €15,462 | -€494 | -3.1% |
| Other operating charges | 640/8 | €1,583 | €1,145 | -€438 | -27.7% |
| Gross operating margin | 9900 | €180,056 | €160,876 | -€19,180 | -10.7% |
| Operating profit (loss) | 9901 | €162,517 | €144,269 | -€18,248 | -11.2% |
| Financial income | 75/76B | €5,117 | €5,461 | +€344 | +6.7% |
| Recurring financial income | 75 | €5,117 | €5,461 | +€344 | +6.7% |
| Financial charges | 65/66B | €1,179 | €790 | -€389 | -33.0% |
| Recurring financial charges | 65 | €1,179 | €790 | -€389 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €166,455 | €148,941 | -€17,514 | -10.5% |
| Income taxes | 67/77 | €47,829 | €43,434 | -€4,395 | -9.2% |
| Profit (loss) for the period | 9904 | €118,626 | €105,507 | -€13,119 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €118,626 | €105,507 | -€13,119 | -11.1% |
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 7 October 2026 via checked.be.