DRCAVEZRX: 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.
DRCAVEZRX
Largest movements
- Deferred charges and accrued income +€77,477
up €77,477 (+219.6%), from €35,287 to €112,764
- Cash -€43,338
down €43,338 (-24.1%), from €180,052 to €136,714
mainly Contributions, distributions and other (-€359,750) and Deferred charges and accrued income (-€77,477)
- Tangible fixed assets -€4,989
down €4,989 (-17.2%), from €28,934 to €23,945
of which Other tangible fixed assets: -€2,887
- Other debts +€120,244
up €120,244 (+117.9%), from €101,989 to €222,233
- Reserves -€110,371
no longer reported in 2025 (was €110,371)
- Tax, wage and social debts +€20,134
up €20,134 (+97.5%), from €20,647 to €40,781
- Gross operating margin +€20,352
up €20,352 (+6.5%), from €313,188 to €333,541
- Taxes +€6,575
up €6,575 (+9.2%), from €71,206 to €77,781
- Depreciation -€5,119
down €5,119 (-50.6%), from €10,108 to €4,989
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 | €253,068 | €282,217 | +€29,149 | +11.5% |
| Fixed assets | 21/28 | €28,934 | €23,945 | -€4,989 | -17.2% |
| Tangible fixed assets | 22/27 | €28,934 | €23,945 | -€4,989 | -17.2% |
| Plant, machinery and equipment | 23 | €1,393 | €974 | -€420 | -30.1% |
| Furniture and vehicles | 24 | €5,049 | €3,366 | -€1,683 | -33.3% |
| Other tangible fixed assets | 26 | €22,492 | €19,605 | -€2,887 | -12.8% |
| Current assets | 29/58 | €224,134 | €258,272 | +€34,139 | +15.2% |
| Amounts receivable within one year | 40/41 | €8,794 | €8,794 | = | 0.0% |
| Other amounts receivable | 41 | €8,794 | €8,794 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €180,052 | €136,714 | -€43,338 | -24.1% |
| Deferred charges and accrued income | 490/1 | €35,287 | €112,764 | +€77,477 | +219.6% |
| Total equity and liabilities | 10/49 | €253,068 | €282,217 | +€29,149 | +11.5% |
| Equity | 10/15 | €128,971 | €18,600 | -€110,371 | -85.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,371 | - | -€110,371 | |
| Distributable reserves | 133 | €110,371 | - | -€110,371 | |
| Amounts payable | 17/49 | €124,097 | €263,617 | +€139,520 | +112.4% |
| Amounts payable within one year | 42/48 | €124,097 | €263,617 | +€139,520 | +112.4% |
| Trade debts | 44 | €1,462 | €603 | -€858 | -58.7% |
| Suppliers | 440/4 | €1,462 | €603 | -€858 | -58.7% |
| Taxes, remuneration and social security | 45 | €20,647 | €40,781 | +€20,134 | +97.5% |
| Taxes | 450/3 | €20,647 | €40,781 | +€20,134 | +97.5% |
| Other amounts payable | 47/48 | €101,989 | €222,233 | +€120,244 | +117.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,108 | €4,989 | -€5,119 | -50.6% |
| Other operating charges | 640/8 | €1,571 | €995 | -€576 | -36.7% |
| Gross operating margin | 9900 | €313,188 | €333,541 | +€20,352 | +6.5% |
| Operating profit (loss) | 9901 | €301,508 | €327,556 | +€26,047 | +8.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,285 | €396 | -€1,889 | -82.7% |
| Recurring financial charges | 65 | €535 | €396 | -€139 | -26.1% |
| Non-recurring financial charges | 66B | €1,750 | - | -€1,750 | |
| Profit (loss) for the period before taxes | 9903 | €299,223 | €327,160 | +€27,937 | +9.3% |
| Income taxes | 67/77 | €71,206 | €77,781 | +€6,575 | +9.2% |
| Profit (loss) for the period | 9904 | €228,018 | €249,379 | +€21,361 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €228,018 | €249,379 | +€21,361 | +9.4% |
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.