DRECO: 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.
DRECO
Largest movements
- Stocks and contracts -€21,860
down €21,860 (-83.2%), from €26,278 to €4,418
- Receivables within one year -€13,871
down €13,871 (-35.8%), from €38,736 to €24,866
of which Trade receivables: -€21,467
- Cash -€13,274
down €13,274 (-18.0%), from €73,877 to €60,603
mainly Other debts (-€34,360) and Contributions, distributions and other (-€21,000)
- Deferred charges and accrued income -€9,229
down €9,229 (-77.3%), from €11,939 to €2,709
- Other debts -€34,360
down €34,360 (-52.3%), from €65,698 to €31,338
- Trade debts -€17,511
down €17,511 (-43.2%), from €40,518 to €23,007
- Tax, wage and social debts -€9,065
down €9,065 (-49.1%), from €18,478 to €9,413
of which Remuneration and social security: -€4,686
- Short-term financial debts +€8,836
new in 2024: €8,836
- Accrued charges and deferred income -€5,270
down €5,270 (-50.5%), from €10,438 to €5,168
- Financial income -€25,420
down €25,420 (-99.8%), from €25,469 to €49
- Gross operating margin +€17,917
up €17,917 (+19.4%), from €92,216 to €110,133
- Write-downs -€10,800
no longer reported in 2024 (was €10,800)
- Other operating charges -€1,775
down €1,775 (-56.6%), from €3,135 to €1,360
- Depreciation -€1,625
down €1,625 (-41.9%), from €3,880 to €2,255
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,008 | €98,768 | -€57,240 | -36.7% |
| Fixed assets | 21/28 | €2,569 | €3,563 | +€994 | +38.7% |
| Tangible fixed assets | 22/27 | €2,245 | €3,239 | +€994 | +44.3% |
| Plant, machinery and equipment | 23 | €1,508 | €2,251 | +€743 | +49.3% |
| Furniture and vehicles | 24 | - | €548 | +€548 | |
| Other tangible fixed assets | 26 | €738 | €440 | -€298 | -40.3% |
| Financial fixed assets | 28 | €324 | €324 | = | 0.0% |
| Current assets | 29/58 | €153,438 | €95,205 | -€58,234 | -38.0% |
| Stocks and contracts in progress | 3 | €26,278 | €4,418 | -€21,860 | -83.2% |
| Stocks | 30/36 | €26,278 | €4,418 | -€21,860 | -83.2% |
| Amounts receivable within one year | 40/41 | €38,736 | €24,866 | -€13,871 | -35.8% |
| Trade receivables | 40 | €35,836 | €14,369 | -€21,467 | -59.9% |
| Other amounts receivable | 41 | €2,900 | €10,496 | +€7,596 | +261.9% |
| Current investments | 50/53 | €2,609 | €2,609 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,877 | €60,603 | -€13,274 | -18.0% |
| Deferred charges and accrued income | 490/1 | €11,939 | €2,709 | -€9,229 | -77.3% |
| Total equity and liabilities | 10/49 | €156,008 | €98,768 | -€57,240 | -36.7% |
| Equity | 10/15 | €20,875 | €21,005 | +€130 | +0.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €424 | €554 | +€130 | +30.6% |
| Amounts payable | 17/49 | €135,132 | €77,763 | -€57,369 | -42.5% |
| Amounts payable within one year | 42/48 | €124,694 | €72,595 | -€52,100 | -41.8% |
| Financial debts | 43 | - | €8,836 | +€8,836 | |
| Credit institutions | 430/8 | - | €8,836 | +€8,836 | |
| Trade debts | 44 | €40,518 | €23,007 | -€17,511 | -43.2% |
| Suppliers | 440/4 | €40,518 | €23,007 | -€17,511 | -43.2% |
| Taxes, remuneration and social security | 45 | €18,478 | €9,413 | -€9,065 | -49.1% |
| Taxes | 450/3 | €5,188 | €809 | -€4,379 | -84.4% |
| Remuneration and social security | 454/9 | €13,291 | €8,604 | -€4,686 | -35.3% |
| Other amounts payable | 47/48 | €65,698 | €31,338 | -€34,360 | -52.3% |
| Accrued charges and deferred income | 492/3 | €10,438 | €5,168 | -€5,270 | -50.5% |
| Non-recurring operating income | 76A | - | €9,050 | +€9,050 | |
| Remuneration, social security and pensions | 62 | €77,351 | €77,493 | +€142 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,880 | €2,255 | -€1,625 | -41.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,800 | - | -€10,800 | |
| Other operating charges | 640/8 | €3,135 | €1,360 | -€1,775 | -56.6% |
| Gross operating margin | 9900 | €92,216 | €110,133 | +€17,917 | +19.4% |
| Operating profit (loss) | 9901 | -€2,950 | €29,025 | +€31,975 | |
| Financial income | 75/76B | €25,469 | €49 | -€25,420 | -99.8% |
| Recurring financial income | 75 | €25,469 | €49 | -€25,420 | -99.8% |
| Financial charges | 65/66B | €649 | €520 | -€129 | -19.8% |
| Recurring financial charges | 65 | €649 | €520 | -€129 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €21,871 | €28,554 | +€6,684 | +30.6% |
| Income taxes | 67/77 | €6,101 | €7,425 | +€1,324 | +21.7% |
| Profit (loss) for the period | 9904 | €15,770 | €21,130 | +€5,360 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,770 | €21,130 | +€5,360 | +34.0% |
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 30 September 2026 via checked.be.