DRAVAGO: 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.
DRAVAGO
Largest movements
- Cash +€5,303
up €5,303 (+82.8%), from €6,408 to €11,711
mainly Net result for the year (+€14,592) and Depreciation (+€4,350)
- Tangible fixed assets -€4,350
down €4,350 (-3.4%), from €127,800 to €123,450
- Debts after one year -€15,019
down €15,019 (-62.5%), from €24,039 to €9,020
- Reserves +€14,592
up €14,592 (+24.0%), from €60,920 to €75,513
- Gross operating margin +€8,901
up €8,901 (+39.5%), from €22,512 to €31,413
- Taxes +€3,214
up €3,214 (+56.2%), from €5,716 to €8,930
- Financial charges -€429
down €429 (-21.8%), from €1,968 to €1,539
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 | €141,619 | €141,327 | -€292 | -0.2% |
| Fixed assets | 21/28 | €127,800 | €123,450 | -€4,350 | -3.4% |
| Tangible fixed assets | 22/27 | €127,800 | €123,450 | -€4,350 | -3.4% |
| Land and buildings | 22 | €127,800 | €123,450 | -€4,350 | -3.4% |
| Current assets | 29/58 | €13,819 | €17,877 | +€4,058 | +29.4% |
| Amounts receivable within one year | 40/41 | €7,329 | €6,166 | -€1,163 | -15.9% |
| Trade receivables | 40 | €5,197 | €5,637 | +€440 | +8.5% |
| Other amounts receivable | 41 | €2,132 | €530 | -€1,602 | -75.2% |
| Cash at bank and in hand | 54/58 | €6,408 | €11,711 | +€5,303 | +82.8% |
| Deferred charges and accrued income | 490/1 | €82 | - | -€82 | |
| Total equity and liabilities | 10/49 | €141,619 | €141,327 | -€292 | -0.2% |
| Equity | 10/15 | €95,584 | €110,176 | +€14,592 | +15.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €60,920 | €75,513 | +€14,592 | +24.0% |
| Distributable reserves | 133 | €60,920 | €75,513 | +€14,592 | +24.0% |
| Profit (loss) carried forward | 14 | €22,263 | €22,263 | = | 0.0% |
| Amounts payable | 17/49 | €46,035 | €31,151 | -€14,884 | -32.3% |
| Amounts payable after more than one year | 17 | €24,039 | €9,020 | -€15,019 | -62.5% |
| Financial debts | 170/4 | €24,039 | €9,020 | -€15,019 | -62.5% |
| Amounts payable within one year | 42/48 | €21,997 | €22,131 | +€135 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €14,474 | €15,019 | +€545 | +3.8% |
| Trade debts | 44 | €3 | €240 | +€237 | +9487.2% |
| Suppliers | 440/4 | €3 | €240 | +€237 | +9487.2% |
| Taxes, remuneration and social security | 45 | €3,463 | €4,046 | +€582 | +16.8% |
| Taxes | 450/3 | €3,463 | €4,046 | +€582 | +16.8% |
| Other amounts payable | 47/48 | €4,057 | €2,827 | -€1,230 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,350 | €4,350 | = | 0.0% |
| Other operating charges | 640/8 | €2,001 | €2,005 | +€4 | +0.2% |
| Gross operating margin | 9900 | €22,512 | €31,413 | +€8,901 | +39.5% |
| Operating profit (loss) | 9901 | €16,161 | €25,058 | +€8,897 | +55.1% |
| Financial income | 75/76B | €0 | €3 | +€3 | +1775.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +1775.0% |
| Financial charges | 65/66B | €1,968 | €1,539 | -€429 | -21.8% |
| Recurring financial charges | 65 | €1,968 | €1,539 | -€429 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €14,193 | €23,522 | +€9,329 | +65.7% |
| Income taxes | 67/77 | €5,716 | €8,930 | +€3,214 | +56.2% |
| Profit (loss) for the period | 9904 | €8,478 | €14,592 | +€6,115 | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,478 | €14,592 | +€6,115 | +72.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.