Drendel: 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.
Drendel
Largest movements
- Receivables within one year -€59,989
down €59,989 (-34.1%), from €175,950 to €115,961
of which Other amounts receivable: -€55,739
- Stocks and contracts +€5,929
up €5,929 (+25.7%), from €23,104 to €29,034
- Debts after one year -€35,018
down €35,018 (-30.7%), from €114,123 to €79,105
- Other debts -€34,950
down €34,950 (-69.8%), from €50,100 to €15,150
- Reserves +€10,385
up €10,385 (+14.0%), from €73,966 to €84,351
- Tax, wage and social debts +€9,287
up €9,287 (+51.4%), from €18,055 to €27,342
of which Remuneration and social security: +€7,644
- Trade debts -€4,123
down €4,123 (-5.8%), from €70,597 to €66,473
- Gross operating margin -€27,100
down €27,100 (-7.7%), from €351,965 to €324,865
- Staff costs +€13,856
up €13,856 (+6.0%), from €232,753 to €246,609
- Other operating charges -€7,212
down €7,212 (-69.2%), from €10,425 to €3,213
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 | €366,946 | €313,950 | -€52,995 | -14.4% |
| Fixed assets | 21/28 | €159,056 | €158,791 | -€265 | -0.2% |
| Tangible fixed assets | 22/27 | €156,806 | €156,541 | -€265 | -0.2% |
| Plant, machinery and equipment | 23 | €55,623 | €42,785 | -€12,839 | -23.1% |
| Furniture and vehicles | 24 | €1,074 | €6,802 | +€5,729 | +533.6% |
| Other tangible fixed assets | 26 | €100,109 | €106,954 | +€6,845 | +6.8% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €207,890 | €155,159 | -€52,731 | -25.4% |
| Stocks and contracts in progress | 3 | €23,104 | €29,034 | +€5,929 | +25.7% |
| Stocks | 30/36 | €23,104 | €29,034 | +€5,929 | +25.7% |
| Amounts receivable within one year | 40/41 | €175,950 | €115,961 | -€59,989 | -34.1% |
| Trade receivables | 40 | €5,280 | €1,031 | -€4,250 | -80.5% |
| Other amounts receivable | 41 | €170,670 | €114,930 | -€55,739 | -32.7% |
| Cash at bank and in hand | 54/58 | €2,891 | €1,854 | -€1,037 | -35.9% |
| Deferred charges and accrued income | 490/1 | €5,945 | €8,310 | +€2,366 | +39.8% |
| Total equity and liabilities | 10/49 | €366,946 | €313,950 | -€52,995 | -14.4% |
| Equity | 10/15 | €80,166 | €90,551 | +€10,385 | +13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,966 | €84,351 | +€10,385 | +14.0% |
| Distributable reserves | 133 | €73,966 | €84,351 | +€10,385 | +14.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €286,780 | €223,399 | -€63,381 | -22.1% |
| Amounts payable after more than one year | 17 | €114,123 | €79,105 | -€35,018 | -30.7% |
| Financial debts | 170/4 | €114,123 | €79,105 | -€35,018 | -30.7% |
| Amounts payable within one year | 42/48 | €172,657 | €143,895 | -€28,763 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €33,905 | €34,929 | +€1,024 | +3.0% |
| Trade debts | 44 | €70,597 | €66,473 | -€4,123 | -5.8% |
| Suppliers | 440/4 | €70,597 | €66,473 | -€4,123 | -5.8% |
| Taxes, remuneration and social security | 45 | €18,055 | €27,342 | +€9,287 | +51.4% |
| Taxes | 450/3 | €6,091 | €7,733 | +€1,643 | +27.0% |
| Remuneration and social security | 454/9 | €11,965 | €19,609 | +€7,644 | +63.9% |
| Other amounts payable | 47/48 | €50,100 | €15,150 | -€34,950 | -69.8% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €232,753 | €246,609 | +€13,856 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,235 | €34,635 | +€3,399 | +10.9% |
| Other operating charges | 640/8 | €10,425 | €3,213 | -€7,212 | -69.2% |
| Gross operating margin | 9900 | €351,965 | €324,865 | -€27,100 | -7.7% |
| Operating profit (loss) | 9901 | €77,552 | €40,409 | -€37,143 | -47.9% |
| Financial income | 75/76B | €2,259 | €4,044 | +€1,785 | +79.0% |
| Recurring financial income | 75 | €2,259 | €4,044 | +€1,785 | +79.0% |
| Financial charges | 65/66B | €13,331 | €10,206 | -€3,125 | -23.4% |
| Recurring financial charges | 65 | €13,331 | €10,206 | -€3,125 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €66,480 | €34,247 | -€32,233 | -48.5% |
| Income taxes | 67/77 | €5,898 | €8,861 | +€2,963 | +50.2% |
| Profit (loss) for the period | 9904 | €60,582 | €25,385 | -€35,196 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,582 | €25,385 | -€35,196 | -58.1% |
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 11 October 2026 via checked.be.