DRE Invest: 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.
DRE Invest
Largest movements
- Tangible fixed assets -€18,325
down €18,325 (-6.5%), from €280,212 to €261,887
of which Land and buildings: -€18,077
- Cash +€8,655
up €8,655 (+64.4%), from €13,439 to €22,095
mainly Depreciation (+€18,325) and Accrued charges and deferred income (+€7,274)
- Reserves -€10,226
down €10,226 (-4.9%), from €207,962 to €197,737
of which Distributable reserves: -€10,226
- Current portion of long-term debt -€7,627
no longer reported in 2025 (was €7,627)
- Accrued charges and deferred income +€7,274
up €7,274 (+1,746%), from €417 to €7,691
- Financial charges +€2,694
up €2,694 (+105%), from €2,574 to €5,268
- Depreciation +€1,362
up €1,362 (+8.0%), from €16,963 to €18,325
- Other operating charges -€1,144
down €1,144 (-74.1%), from €1,544 to €400
- Gross operating margin +€228
up €228 (+1.7%), from €13,539 to €13,767
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 | €293,697 | €284,028 | -€9,670 | -3.3% |
| Fixed assets | 21/28 | €280,258 | €261,933 | -€18,325 | -6.5% |
| Tangible fixed assets | 22/27 | €280,212 | €261,887 | -€18,325 | -6.5% |
| Land and buildings | 22 | €279,964 | €261,887 | -€18,077 | -6.5% |
| Plant, machinery and equipment | 23 | €248 | - | -€248 | |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €13,439 | €22,095 | +€8,655 | +64.4% |
| Cash at bank and in hand | 54/58 | €13,439 | €22,095 | +€8,655 | +64.4% |
| Total equity and liabilities | 10/49 | €293,697 | €284,028 | -€9,670 | -3.3% |
| Equity | 10/15 | €226,562 | €216,337 | -€10,226 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,962 | €197,737 | -€10,226 | -4.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,467 | €53,467 | = | 0.0% |
| Distributable reserves | 133 | €152,636 | €142,410 | -€10,226 | -6.7% |
| Amounts payable | 17/49 | €67,135 | €67,691 | +€556 | +0.8% |
| Amounts payable after more than one year | 17 | €58,214 | €60,000 | +€1,786 | +3.1% |
| Financial debts | 170/4 | €58,214 | €60,000 | +€1,786 | +3.1% |
| Amounts payable within one year | 42/48 | €8,504 | - | -€8,504 | |
| Current portion of amounts payable after more than one year | 42 | €7,627 | - | -€7,627 | |
| Other amounts payable | 47/48 | €878 | - | -€878 | |
| Accrued charges and deferred income | 492/3 | €417 | €7,691 | +€7,274 | +1,746% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,963 | €18,325 | +€1,362 | +8.0% |
| Other operating charges | 640/8 | €1,544 | €400 | -€1,144 | -74.1% |
| Gross operating margin | 9900 | €13,539 | €13,767 | +€228 | +1.7% |
| Operating profit (loss) | 9901 | -€4,968 | -€4,957 | +€10 | +0.2% |
| Financial charges | 65/66B | €2,574 | €5,268 | +€2,694 | +105% |
| Recurring financial charges | 65 | €2,574 | €5,268 | +€2,694 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€7,542 | -€10,226 | -€2,684 | -35.6% |
| Profit (loss) for the period | 9904 | -€7,542 | -€10,226 | -€2,684 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,542 | -€10,226 | -€2,684 | -35.6% |
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 31 October 2026 via checked.be.