DRCO MANAGEMENT: 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.
DRCO MANAGEMENT
Largest movements
- Current investments +€20,500
new in 2025: €20,500
- Receivables within one year +€9,000
new in 2025: €9,000
- Debts after one year -€66,982
down €66,982 (-33.6%), from €199,337 to €132,355
- Reserves +€47,337
up €47,337 (+242%), from €19,525 to €66,862
- Short-term financial debts +€40,000
new in 2025: €40,000
- Tax, wage and social debts +€17,605
up €17,605 (+219%), from €8,037 to €25,643
- Other debts -€7,871
down €7,871 (-18.9%), from €41,554 to €33,683
- Gross operating margin +€43,002
up €43,002 (+120%), from €35,729 to €78,731
- Taxes +€10,268
up €10,268 (+140%), from €7,337 to €17,605
- Financial charges +€4,430
up €4,430 (+56.1%), from €7,894 to €12,324
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 | €299,317 | €331,329 | +€32,012 | +10.7% |
| Fixed assets | 21/28 | €280,000 | €280,000 | = | 0.0% |
| Financial fixed assets | 28 | €280,000 | €280,000 | = | 0.0% |
| Current assets | 29/58 | €19,317 | €51,329 | +€32,012 | +166% |
| Amounts receivable within one year | 40/41 | - | €9,000 | +€9,000 | |
| Trade receivables | 40 | - | €9,000 | +€9,000 | |
| Current investments | 50/53 | - | €20,500 | +€20,500 | |
| Cash at bank and in hand | 54/58 | €13,064 | €16,208 | +€3,144 | +24.1% |
| Deferred charges and accrued income | 490/1 | €6,253 | €5,621 | -€632 | -10.1% |
| Total equity and liabilities | 10/49 | €299,317 | €331,329 | +€32,012 | +10.7% |
| Equity | 10/15 | €21,525 | €68,862 | +€47,337 | +220% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,525 | €66,862 | +€47,337 | +242% |
| Distributable reserves | 133 | €19,525 | €66,862 | +€47,337 | +242% |
| Amounts payable | 17/49 | €277,792 | €262,468 | -€15,324 | -5.5% |
| Amounts payable after more than one year | 17 | €199,337 | €132,355 | -€66,982 | -33.6% |
| Financial debts | 170/4 | €199,337 | €132,355 | -€66,982 | -33.6% |
| Amounts payable within one year | 42/48 | €75,614 | €126,513 | +€50,899 | +67.3% |
| Current portion of amounts payable after more than one year | 42 | €25,968 | €26,982 | +€1,014 | +3.9% |
| Financial debts | 43 | - | €40,000 | +€40,000 | |
| Other loans | 439 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €55 | €206 | +€151 | +274% |
| Suppliers | 440/4 | €55 | €206 | +€151 | +274% |
| Taxes, remuneration and social security | 45 | €8,037 | €25,643 | +€17,605 | +219% |
| Taxes | 450/3 | €8,037 | €25,643 | +€17,605 | +219% |
| Other amounts payable | 47/48 | €41,554 | €33,683 | -€7,871 | -18.9% |
| Accrued charges and deferred income | 492/3 | €2,840 | €3,600 | +€759 | +26.7% |
| Other operating charges | 640/8 | €73 | €565 | +€493 | +679% |
| Gross operating margin | 9900 | €35,729 | €78,731 | +€43,002 | +120% |
| Operating profit (loss) | 9901 | €35,656 | €78,166 | +€42,509 | +119% |
| Financial charges | 65/66B | €7,894 | €12,324 | +€4,430 | +56.1% |
| Recurring financial charges | 65 | €7,894 | €12,324 | +€4,430 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | €27,762 | €65,842 | +€38,079 | +137% |
| Income taxes | 67/77 | €7,337 | €17,605 | +€10,268 | +140% |
| Profit (loss) for the period | 9904 | €20,425 | €48,237 | +€27,812 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €20,425 | €48,237 | +€27,812 | +136% |
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 24 October 2026 via checked.be.