DRC: 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.
DRC
Largest movements
- Cash -€1.0m
down €1.0m (-93.6%), from €1.1m to €71,154
mainly Receivables within one year (-€424,894) and Current investments (-€363,623)
- Receivables within one year +€424,894
up €424,894 (+405%), from €104,852 to €529,745
of which Other amounts receivable: +€428,478
- Current investments +€363,623
up €363,623 (+11.0%), from €3.3m to €3.7m
- Reserves -€127,830
down €127,830 (-1.9%), from €6.8m to €6.7m
of which Distributable reserves: -€127,830
- Financial income -€205,512
down €205,512 (-58.5%), from €351,545 to €146,033
- Financial charges -€196,084
down €196,084 (-73.8%), from €265,805 to €69,721
- Taxes -€28,628
down €28,628 (-90.9%), from €31,498 to €2,870
- Gross operating margin +€17,527
up €17,527 (+11.6%), from -€150,687 to -€133,160
- Depreciation +€17,271
up €17,271 (+40.7%), from €42,442 to €59,713
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 | €7,014,816 | €6,810,977 | -€203,839 | -2.9% |
| Fixed assets | 21/28 | €2,494,647 | €2,539,848 | +€45,201 | +1.8% |
| Tangible fixed assets | 22/27 | €130,820 | €176,021 | +€45,201 | +34.6% |
| Land and buildings | 22 | €66,005 | €62,171 | -€3,834 | -5.8% |
| Furniture and vehicles | 24 | €64,815 | €113,850 | +€49,035 | +75.7% |
| Financial fixed assets | 28 | €2,363,827 | €2,363,827 | = | 0.0% |
| Current assets | 29/58 | €4,520,169 | €4,271,129 | -€249,040 | -5.5% |
| Amounts receivable within one year | 40/41 | €104,852 | €529,745 | +€424,894 | +405% |
| Trade receivables | 40 | €10,992 | €7,408 | -€3,584 | -32.6% |
| Other amounts receivable | 41 | €93,860 | €522,337 | +€428,478 | +457% |
| Current investments | 50/53 | €3,297,592 | €3,661,215 | +€363,623 | +11.0% |
| Cash at bank and in hand | 54/58 | €1,106,372 | €71,154 | -€1.0m | -93.6% |
| Deferred charges and accrued income | 490/1 | €11,354 | €9,015 | -€2,339 | -20.6% |
| Total equity and liabilities | 10/49 | €7,014,816 | €6,810,977 | -€203,839 | -2.9% |
| Equity | 10/15 | €6,805,958 | €6,678,127 | -€127,830 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,787,358 | €6,659,527 | -€127,830 | -1.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,785,498 | €6,657,667 | -€127,830 | -1.9% |
| Amounts payable | 17/49 | €208,858 | €132,850 | -€76,009 | -36.4% |
| Amounts payable after more than one year | 17 | €139,454 | €99,646 | -€39,808 | -28.5% |
| Financial debts | 170/4 | €112,734 | €99,646 | -€13,088 | -11.6% |
| Other amounts payable | 178/9 | €26,720 | €0 | -€26,720 | -100% |
| Amounts payable within one year | 42/48 | €69,405 | €33,203 | -€36,201 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €12,367 | €13,088 | +€721 | +5.8% |
| Financial debts | 43 | €309 | €0 | -€309 | -100% |
| Credit institutions | 430/8 | €309 | €0 | -€309 | -100% |
| Trade debts | 44 | €24,364 | €12,957 | -€11,407 | -46.8% |
| Suppliers | 440/4 | €24,364 | €12,957 | -€11,407 | -46.8% |
| Taxes, remuneration and social security | 45 | €32,365 | €7,158 | -€25,207 | -77.9% |
| Taxes | 450/3 | €29,035 | €3,828 | -€25,207 | -86.8% |
| Remuneration and social security | 454/9 | €3,330 | €3,330 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,442 | €59,713 | +€17,271 | +40.7% |
| Other operating charges | 640/8 | €5,601 | €8,399 | +€2,798 | +50.0% |
| Gross operating margin | 9900 | -€150,687 | -€133,160 | +€17,527 | +11.6% |
| Operating profit (loss) | 9901 | -€198,730 | -€201,271 | -€2,542 | -1.3% |
| Financial income | 75/76B | €351,545 | €146,033 | -€205,512 | -58.5% |
| Recurring financial income | 75 | €351,545 | €146,033 | -€205,512 | -58.5% |
| Financial charges | 65/66B | €265,805 | €69,721 | -€196,084 | -73.8% |
| Recurring financial charges | 65 | €265,805 | €69,721 | -€196,084 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | -€112,989 | -€124,960 | -€11,971 | -10.6% |
| Income taxes | 67/77 | €31,498 | €2,870 | -€28,628 | -90.9% |
| Profit (loss) for the period | 9904 | -€144,488 | -€127,830 | +€16,657 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€144,488 | -€127,830 | +€16,657 | +11.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.