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DRDC: 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.

What changed

DRDC

BE 0719.709.910
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€142,569
2023 · €144,931-€2,362
Equity
€816,065
2023 · €673,497+€142,569
Cash
€170,176
2023 · €244,036-€73,861
Balance sheet total
€918,084
2023 · €796,879+€121,205

Largest movements

2023 to 2024
Assets
  • Financial fixed assets +€159,814

    up €159,814 (+122.9%), from €129,995 to €289,809

  • Cash -€73,861

    down €73,861 (-30.3%), from €244,036 to €170,176

    mainly Investment in fixed assets (net) (-€159,814) and Trade debts (-€37,508)

  • Deferred charges and accrued income +€36,420

    up €36,420 (+161.2%), from €22,592 to €59,012

  • Current investments +€30,000

    new in 2024: €30,000

  • Tangible fixed assets -€22,562

    down €22,562 (-39.3%), from €57,413 to €34,851

    of which Furniture and vehicles: -€21,331

Equity and liabilities
  • Profit (loss) carried forward +€142,569

    up €142,569 (+21.8%), from €654,897 to €797,465

  • Trade debts -€37,508

    down €37,508 (-93.8%), from €40,008 to €2,500

  • Tax, wage and social debts +€18,140

    up €18,140 (+43.0%), from €42,164 to €60,303

    of which Taxes: +€18,131

  • Debts after one year -€12,611

    down €12,611 (-43.4%), from €29,083 to €16,472

  • Current portion of long-term debt +€10,615

    up €10,615 (+87.5%), from €12,127 to €22,743

Income statement
  • Financial income +€5,640

    up €5,640 (+323.2%), from €1,745 to €7,385

  • Taxes +€4,589

    up €4,589 (+10.9%), from €42,150 to €46,739

  • Depreciation +€3,665

    up €3,665 (+19.4%), from €18,897 to €22,562

  • Gross operating margin +€2,639

    up €2,639 (+1.3%), from €207,780 to €210,419

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €144,931
Gross operating margin +€2,639
Depreciation -€3,665
Other operating charges -€330
Financial income +€5,640
Financial charges -€2,057
Taxes -€4,589
Result 2024 €142,569

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€117,949
Investment -€189,814
Financing -€1,995
Cash 2023 €244,036
Net result for the year +€142,569
Depreciation +€22,562
Receivables after one year +€10,786
Receivables within one year -€2,179
Deferred charges and accrued income -€36,420
Trade debts -€37,508
Tax, wage and social debts +€18,140
Investment in fixed assets (net) -€159,814
Current investments -€30,000
Debts after one year -€12,611
Current portion of long-term debt +€10,615
Cash 2024 €170,176
Every line side by side 40 lines
Line Code 2023 2024 Change %
Total assets 20/58 €796,879 €918,084 +€121,205 +15.2%
Fixed assets 21/28 €187,408 €324,660 +€137,252 +73.2%
Tangible fixed assets 22/27 €57,413 €34,851 -€22,562 -39.3%
Plant, machinery and equipment 23 €10,828 €9,597 -€1,231 -11.4%
Furniture and vehicles 24 €46,584 €25,253 -€21,331 -45.8%
Financial fixed assets 28 €129,995 €289,809 +€159,814 +122.9%
Current assets 29/58 €609,471 €593,424 -€16,048 -2.6%
Amounts receivable after more than one year 29 €334,294 €323,508 -€10,786 -3.2%
Other amounts receivable 291 €334,294 €323,508 -€10,786 -3.2%
Amounts receivable within one year 40/41 €8,549 €10,728 +€2,179 +25.5%
Other amounts receivable 41 €8,549 €10,728 +€2,179 +25.5%
Current investments 50/53 - €30,000 +€30,000
Cash at bank and in hand 54/58 €244,036 €170,176 -€73,861 -30.3%
Deferred charges and accrued income 490/1 €22,592 €59,012 +€36,420 +161.2%
Total equity and liabilities 10/49 €796,879 €918,084 +€121,205 +15.2%
Equity 10/15 €673,497 €816,065 +€142,569 +21.2%
Contributions 10/11 €18,600 €18,600 = 0.0%
Profit (loss) carried forward 14 €654,897 €797,465 +€142,569 +21.8%
Amounts payable 17/49 €123,382 €102,018 -€21,364 -17.3%
Amounts payable after more than one year 17 €29,083 €16,472 -€12,611 -43.4%
Financial debts 170/4 €29,083 €16,472 -€12,611 -43.4%
Amounts payable within one year 42/48 €94,300 €85,546 -€8,753 -9.3%
Current portion of amounts payable after more than one year 42 €12,127 €22,743 +€10,615 +87.5%
Trade debts 44 €40,008 €2,500 -€37,508 -93.8%
Suppliers 440/4 €40,008 €2,500 -€37,508 -93.8%
Taxes, remuneration and social security 45 €42,164 €60,303 +€18,140 +43.0%
Taxes 450/3 €42,150 €60,281 +€18,131 +43.0%
Remuneration and social security 454/9 €13 €22 +€9 +65.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €18,897 €22,562 +€3,665 +19.4%
Other operating charges 640/8 €817 €1,148 +€330 +40.4%
Gross operating margin 9900 €207,780 €210,419 +€2,639 +1.3%
Operating profit (loss) 9901 €188,066 €186,710 -€1,356 -0.7%
Financial income 75/76B €1,745 €7,385 +€5,640 +323.2%
Recurring financial income 75 €1,745 €7,385 +€5,640 +323.2%
Financial charges 65/66B €2,729 €4,786 +€2,057 +75.4%
Recurring financial charges 65 €2,729 €4,786 +€2,057 +75.4%
Profit (loss) for the period before taxes 9903 €187,081 €189,308 +€2,227 +1.2%
Income taxes 67/77 €42,150 €46,739 +€4,589 +10.9%
Profit (loss) for the period 9904 €144,931 €142,569 -€2,362 -1.6%
Profit (loss) for the period to be appropriated 9905 €144,931 €142,569 -€2,362 -1.6%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.