DRAY CONSTRUCT: 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.
DRAY CONSTRUCT
Largest movements
- Cash +€28,467
up €28,467 (+19.1%), from €149,325 to €177,791
mainly Net result for the year (+€44,980) and Advances received (+€43,499)
- Tangible fixed assets +€11,611
up €11,611 (+34.7%), from €33,482 to €45,093
- Intangible fixed assets +€7,861
up €7,861 (+85.8%), from €9,167 to €17,028
- Deferred charges and accrued income +€7,122
up €7,122 (+136%), from €5,249 to €12,371
- Receivables within one year +€6,980
up €6,980 (+27.6%), from €25,324 to €32,304
of which Other amounts receivable: +€6,980
- Profit (loss) carried forward +€44,980
up €44,980 (+33.5%), from €134,130 to €179,110
- Advances received +€43,499
new in 2025: €43,499
- Trade debts -€31,380
down €31,380 (-94.0%), from €33,397 to €2,016
- Tax, wage and social debts +€5,032
up €5,032 (+10.4%), from €48,481 to €53,512
of which Remuneration and social security: +€18,687
- Gross operating margin -€53,287
down €53,287 (-19.8%), from €269,419 to €216,132
- Taxes -€21,752
down €21,752 (-43.1%), from €50,479 to €28,727
- Depreciation +€10,556
up €10,556 (+185%), from €5,712 to €16,267
- Staff costs -€2,838
down €2,838 (-2.2%), from €126,401 to €123,563
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 | €222,546 | €284,588 | +€62,041 | +27.9% |
| Fixed assets | 21/28 | €42,648 | €62,121 | +€19,472 | +45.7% |
| Intangible fixed assets | 21 | €9,167 | €17,028 | +€7,861 | +85.8% |
| Tangible fixed assets | 22/27 | €33,482 | €45,093 | +€11,611 | +34.7% |
| Furniture and vehicles | 24 | €33,482 | €45,093 | +€11,611 | +34.7% |
| Current assets | 29/58 | €179,898 | €222,467 | +€42,569 | +23.7% |
| Amounts receivable within one year | 40/41 | €25,324 | €32,304 | +€6,980 | +27.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €25,324 | €32,304 | +€6,980 | +27.6% |
| Cash at bank and in hand | 54/58 | €149,325 | €177,791 | +€28,467 | +19.1% |
| Deferred charges and accrued income | 490/1 | €5,249 | €12,371 | +€7,122 | +136% |
| Total equity and liabilities | 10/49 | €222,546 | €284,588 | +€62,041 | +27.9% |
| Equity | 10/15 | €140,530 | €185,510 | +€44,980 | +32.0% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,130 | €179,110 | +€44,980 | +33.5% |
| Amounts payable | 17/49 | €82,016 | €99,078 | +€17,062 | +20.8% |
| Amounts payable within one year | 42/48 | €82,016 | €99,078 | +€17,062 | +20.8% |
| Trade debts | 44 | €33,397 | €2,016 | -€31,380 | -94.0% |
| Suppliers | 440/4 | €33,397 | €2,016 | -€31,380 | -94.0% |
| Advances received on contracts in progress | 46 | - | €43,499 | +€43,499 | |
| Taxes, remuneration and social security | 45 | €48,481 | €53,512 | +€5,032 | +10.4% |
| Taxes | 450/3 | €38,372 | €24,716 | -€13,655 | -35.6% |
| Remuneration and social security | 454/9 | €10,109 | €28,796 | +€18,687 | +185% |
| Other amounts payable | 47/48 | €139 | €50 | -€89 | -63.9% |
| Remuneration, social security and pensions | 62 | €126,401 | €123,563 | -€2,838 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,712 | €16,267 | +€10,556 | +185% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,244 | +€1,244 | |
| Other operating charges | 640/8 | €505 | €1,136 | +€631 | +125% |
| Gross operating margin | 9900 | €269,419 | €216,132 | -€53,287 | -19.8% |
| Operating profit (loss) | 9901 | €136,801 | €73,921 | -€62,880 | -46.0% |
| Financial income | 75/76B | €2 | €0 | -€1 | -83.0% |
| Recurring financial income | 75 | €2 | €0 | -€1 | -83.0% |
| Financial charges | 65/66B | €226 | €215 | -€11 | -4.9% |
| Recurring financial charges | 65 | €226 | €215 | -€11 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €136,576 | €73,706 | -€62,870 | -46.0% |
| Income taxes | 67/77 | €50,479 | €28,727 | -€21,752 | -43.1% |
| Profit (loss) for the period | 9904 | €86,098 | €44,980 | -€41,118 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €86,098 | €44,980 | -€41,118 | -47.8% |
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.