DRELIPCO: what changed
What changed
DRELIPCO
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€49,592
2024 · €45,544+€4,048
Equity
€235,337
2024 · €251,076-€15,740
Cash
€117,707
2024 · €259,298-€141,590
Balance sheet total
€320,351
2024 · €382,371-€62,019
Largest movements
Assets
- Cash -€141,590
down €141,590 (-54.6%), from €259,298 to €117,707
mainly Current investments (-€89,167) and Contributions, distributions and other (-€65,332)
- Current investments +€89,167
up €89,167, from €0 to €89,167
- Receivables within one year -€15,346
down €15,346 (-34.6%), from €44,407 to €29,061
of which Trade receivables: -€20,300
Equity and liabilities
- Other debts -€38,150
down €38,150 (-36.9%), from €103,482 to €65,332
- Reserves -€15,740
down €15,740 (-6.4%), from €244,876 to €229,137
- Accrued charges and deferred income -€7,099
down €7,099 (-96.2%), from €7,381 to €281
Income statement
- Financial charges -€7,405
down €7,405 (-99.0%), from €7,476 to €71
- Taxes +€4,460
up €4,460 (+25.2%), from €17,696 to €22,157
- Financial income +€3,069
up €3,069 (+325%), from €945 to €4,014
- Gross operating margin -€1,858
down €1,858 (-2.2%), from €83,241 to €81,383
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€45,544
Gross operating margin
-€1,858
Depreciation
+€35
Other operating charges
-€143
Financial income
+€3,069
Financial charges
+€7,405
Taxes
-€4,460
Result 2025
€49,592
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€27,777
Investment
-€104,036
Financing
-€65,332
Cash 2024
€259,298
From operations (derived)
+€27,777
Net result for the year
+€49,592
Depreciation
+€12,179
Receivables within one year
+€15,346
Deferred charges and accrued income
-€3,060
Trade debts
+€1,197
Tax, wage and social debts
-€2,227
Other debts
-€38,150
Accrued charges and deferred income
-€7,099
Investment (derived)
-€104,036
Investment in fixed assets (net)
-€14,870
Current investments
-€89,167
Financing
-€65,332
Contributions, distributions and other
-€65,332
Cash 2025
€117,707
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €382,371 | €320,351 | -€62,019 | -16.2% |
| Fixed assets | 21/28 | €77,304 | €79,994 | +€2,691 | +3.5% |
| Tangible fixed assets | 22/27 | €42,304 | €44,994 | +€2,691 | +6.4% |
| Land and buildings | 22 | €23,513 | €30,967 | +€7,454 | +31.7% |
| Plant, machinery and equipment | 23 | €12,351 | €7,137 | -€5,214 | -42.2% |
| Furniture and vehicles | 24 | €6,440 | €6,890 | +€450 | +7.0% |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €305,067 | €240,357 | -€64,710 | -21.2% |
| Amounts receivable within one year | 40/41 | €44,407 | €29,061 | -€15,346 | -34.6% |
| Trade receivables | 40 | €43,750 | €23,450 | -€20,300 | -46.4% |
| Other amounts receivable | 41 | €657 | €5,611 | +€4,954 | +754% |
| Current investments | 50/53 | €0 | €89,167 | +€89,167 | |
| Cash at bank and in hand | 54/58 | €259,298 | €117,707 | -€141,590 | -54.6% |
| Deferred charges and accrued income | 490/1 | €1,363 | €4,422 | +€3,060 | +225% |
| Total equity and liabilities | 10/49 | €382,371 | €320,351 | -€62,019 | -16.2% |
| Equity | 10/15 | €251,076 | €235,337 | -€15,740 | -6.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €244,876 | €229,137 | -€15,740 | -6.4% |
| Distributable reserves | 133 | €244,876 | €229,137 | -€15,740 | -6.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €131,294 | €85,014 | -€46,280 | -35.2% |
| Amounts payable within one year | 42/48 | €123,913 | €84,733 | -€39,180 | -31.6% |
| Trade debts | 44 | €1,955 | €3,152 | +€1,197 | +61.2% |
| Suppliers | 440/4 | €1,955 | €3,152 | +€1,197 | +61.2% |
| Taxes, remuneration and social security | 45 | €18,477 | €16,250 | -€2,227 | -12.1% |
| Taxes | 450/3 | €18,477 | €16,250 | -€2,227 | -12.1% |
| Other amounts payable | 47/48 | €103,482 | €65,332 | -€38,150 | -36.9% |
| Accrued charges and deferred income | 492/3 | €7,381 | €281 | -€7,099 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,214 | €12,179 | -€35 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,256 | €1,398 | +€143 | +11.4% |
| Gross operating margin | 9900 | €83,241 | €81,383 | -€1,858 | -2.2% |
| Operating profit (loss) | 9901 | €69,772 | €67,806 | -€1,966 | -2.8% |
| Financial income | 75/76B | €945 | €4,014 | +€3,069 | +325% |
| Recurring financial income | 75 | €945 | €4,014 | +€3,069 | +325% |
| Financial charges | 65/66B | €7,476 | €71 | -€7,405 | -99.0% |
| Recurring financial charges | 65 | €7,476 | €71 | -€7,405 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €63,240 | €71,749 | +€8,509 | +13.5% |
| Income taxes | 67/77 | €17,696 | €22,157 | +€4,460 | +25.2% |
| Profit (loss) for the period | 9904 | €45,544 | €49,592 | +€4,048 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,544 | €49,592 | +€4,048 | +8.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.