DRAXX: 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.
DRAXX
Largest movements
- Tangible fixed assets +€180,235
up €180,235 (+18.4%), from €978,017 to €1.2m
- Cash -€47,850
down €47,850 (-80.2%), from €59,690 to €11,840
mainly Investment in fixed assets (net) (-€233,535) and Net result for the year (-€26,420)
- Receivables within one year -€20,174
down €20,174 (-87.6%), from €23,018 to €2,844
of which Trade receivables: -€16,500
- Other debts +€61,982
up €61,982 (+59.4%), from €104,398 to €166,379
- Debts after one year +€52,495
up €52,495 (+7.1%), from €743,048 to €795,543
- Profit (loss) carried forward -€26,420
down €26,420 (-20.1%), from -€131,409 to -€157,829
- Current portion of long-term debt +€15,559
up €15,559 (+28.2%), from €55,155 to €70,714
- Depreciation +€11,894
up €11,894 (+28.9%), from €41,155 to €53,049
- Financial charges +€3,927
up €3,927 (+24.9%), from €15,789 to €19,716
- Gross operating margin -€2,272
down €2,272 (-4.2%), from €53,929 to €51,658
- Other operating charges +€740
up €740 (+16.1%), from €4,610 to €5,350
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 | €1,061,192 | €1,174,501 | +€113,308 | +10.7% |
| Fixed assets | 21/28 | €978,017 | €1,158,503 | +€180,485 | +18.5% |
| Tangible fixed assets | 22/27 | €978,017 | €1,158,253 | +€180,235 | +18.4% |
| Land and buildings | 22 | €978,017 | €1,158,253 | +€180,235 | +18.4% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €83,175 | €15,998 | -€67,177 | -80.8% |
| Amounts receivable within one year | 40/41 | €23,018 | €2,844 | -€20,174 | -87.6% |
| Trade receivables | 40 | €16,500 | - | -€16,500 | |
| Other amounts receivable | 41 | €6,518 | €2,844 | -€3,674 | -56.4% |
| Cash at bank and in hand | 54/58 | €59,690 | €11,840 | -€47,850 | -80.2% |
| Deferred charges and accrued income | 490/1 | €467 | €1,314 | +€848 | +181.6% |
| Total equity and liabilities | 10/49 | €1,061,192 | €1,174,501 | +€113,308 | +10.7% |
| Equity | 10/15 | €158,591 | €132,171 | -€26,420 | -16.7% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,409 | -€157,829 | -€26,420 | -20.1% |
| Amounts payable | 17/49 | €902,601 | €1,042,329 | +€139,728 | +15.5% |
| Amounts payable after more than one year | 17 | €743,048 | €795,543 | +€52,495 | +7.1% |
| Financial debts | 170/4 | €743,048 | €795,543 | +€52,495 | +7.1% |
| Amounts payable within one year | 42/48 | €159,552 | €246,786 | +€87,234 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €55,155 | €70,714 | +€15,559 | +28.2% |
| Trade debts | 44 | - | €9,693 | +€9,693 | |
| Suppliers | 440/4 | - | €9,693 | +€9,693 | |
| Other amounts payable | 47/48 | €104,398 | €166,379 | +€61,982 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,155 | €53,049 | +€11,894 | +28.9% |
| Other operating charges | 640/8 | €4,610 | €5,350 | +€740 | +16.1% |
| Gross operating margin | 9900 | €53,929 | €51,658 | -€2,272 | -4.2% |
| Operating profit (loss) | 9901 | €8,165 | -€6,742 | -€14,906 | |
| Financial income | 75/76B | €0 | €38 | +€38 | +94350.0% |
| Recurring financial income | 75 | €0 | €38 | +€38 | +94350.0% |
| Financial charges | 65/66B | €15,789 | €19,716 | +€3,927 | +24.9% |
| Recurring financial charges | 65 | €15,789 | €19,716 | +€3,927 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,624 | -€26,420 | -€18,796 | -246.5% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€7,624 | -€26,420 | -€18,796 | -246.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,624 | -€26,420 | -€18,796 | -246.5% |
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 10 October 2026 via checked.be.