DREJ: 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.
DREJ
Largest movements
- Receivables within one year +€3,207
up €3,207 (+2.1%), from €153,251 to €156,458
of which Trade receivables: +€26,792
- Tangible fixed assets -€2,736
down €2,736 (-78.5%), from €3,487 to €751
- Profit (loss) carried forward +€65,814
up €65,814 (+50.3%), from €130,842 to €196,656
- Trade debts -€55,102
down €55,102 (-58.2%), from €94,606 to €39,504
- Debts after one year -€10,219
down €10,219 (-38.6%), from €26,494 to €16,275
- Gross operating margin +€68,321
up €68,321 (+56.0%), from €121,974 to €190,296
- Staff costs +€8,413
up €8,413 (+11.4%), from €73,694 to €82,107
- Taxes -€4,309
down €4,309 (-32.7%), from €13,169 to €8,860
- Other operating charges +€3,649
up €3,649 (+14.6%), from €25,031 to €28,680
- Depreciation -€3,080
down €3,080 (-53.0%), from €5,816 to €2,736
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 | €267,900 | €268,872 | +€972 | +0.4% |
| Fixed assets | 21/28 | €3,607 | €871 | -€2,736 | -75.8% |
| Tangible fixed assets | 22/27 | €3,487 | €751 | -€2,736 | -78.5% |
| Furniture and vehicles | 24 | €3,487 | €751 | -€2,736 | -78.5% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €264,293 | €268,000 | +€3,707 | +1.4% |
| Amounts receivable within one year | 40/41 | €153,251 | €156,458 | +€3,207 | +2.1% |
| Trade receivables | 40 | €21,719 | €48,511 | +€26,792 | +123.4% |
| Other amounts receivable | 41 | €131,531 | €107,947 | -€23,584 | -17.9% |
| Cash at bank and in hand | 54/58 | €82,989 | €83,489 | +€500 | +0.6% |
| Deferred charges and accrued income | 490/1 | €28,053 | €28,053 | = | 0.0% |
| Total equity and liabilities | 10/49 | €267,900 | €268,872 | +€972 | +0.4% |
| Equity | 10/15 | €137,059 | €202,874 | +€65,814 | +48.0% |
| Contributions | 10/11 | €6,217 | €6,217 | = | 0.0% |
| Outside capital | 11 | €6,217 | €6,217 | = | 0.0% |
| Other | 1109/19 | €6,217 | €6,217 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,842 | €196,656 | +€65,814 | +50.3% |
| Amounts payable | 17/49 | €130,841 | €65,998 | -€64,843 | -49.6% |
| Amounts payable after more than one year | 17 | €26,494 | €16,275 | -€10,219 | -38.6% |
| Financial debts | 170/4 | €26,494 | €16,275 | -€10,219 | -38.6% |
| Amounts payable within one year | 42/48 | €104,347 | €49,723 | -€54,624 | -52.3% |
| Current portion of amounts payable after more than one year | 42 | €9,741 | €10,219 | +€478 | +4.9% |
| Trade debts | 44 | €94,606 | €39,504 | -€55,102 | -58.2% |
| Suppliers | 440/4 | €94,606 | €39,504 | -€55,102 | -58.2% |
| Remuneration, social security and pensions | 62 | €73,694 | €82,107 | +€8,413 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,816 | €2,736 | -€3,080 | -53.0% |
| Other operating charges | 640/8 | €25,031 | €28,680 | +€3,649 | +14.6% |
| Gross operating margin | 9900 | €121,974 | €190,296 | +€68,321 | +56.0% |
| Operating profit (loss) | 9901 | €17,434 | €76,773 | +€59,339 | +340.4% |
| Financial income | 75/76B | €7 | €6 | -€1 | -18.5% |
| Recurring financial income | 75 | €7 | €6 | -€1 | -18.5% |
| Financial charges | 65/66B | €2,829 | €2,104 | -€725 | -25.6% |
| Recurring financial charges | 65 | €2,829 | €2,104 | -€725 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €14,612 | €74,675 | +€60,063 | +411.1% |
| Income taxes | 67/77 | €13,169 | €8,860 | -€4,309 | -32.7% |
| Profit (loss) for the period | 9904 | €1,442 | €65,814 | +€64,372 | +4463.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,442 | €65,814 | +€64,372 | +4463.7% |
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 4 October 2026 via checked.be.