DREUW: 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.
DREUW
Largest movements
- Stocks and contracts +€58,487
up €58,487 (+9.2%), from €633,934 to €692,421
- Receivables within one year +€38,458
up €38,458 (+10.1%), from €379,298 to €417,756
of which Trade receivables: +€40,387
- Cash -€25,144
down €25,144 (-63.2%), from €39,773 to €14,629
mainly Stocks and contracts (-€58,487) and Receivables within one year (-€38,458)
- Tangible fixed assets -€14,479
down €14,479 (-32.7%), from €44,225 to €29,746
of which Furniture and vehicles: -€11,120
- Reserves +€60,000
up €60,000 (+56.5%), from €106,200 to €166,200
of which Distributable reserves: +€60,000
- Trade debts +€55,730
up €55,730 (+83.0%), from €67,154 to €122,884
- Short-term financial debts -€28,641
down €28,641 (-6.7%), from €429,693 to €401,052
- Tax, wage and social debts -€14,128
down €14,128 (-18.2%), from €77,727 to €63,599
of which Taxes: -€15,872
- Staff costs +€19,049
up €19,049 (+5.8%), from €326,223 to €345,272
- Gross operating margin -€17,842
down €17,842 (-3.8%), from €470,417 to €452,575
- Financial charges -€7,505
down €7,505 (-21.0%), from €35,703 to €28,198
- Financial income -€5,189
down €5,189 (-28.5%), from €18,188 to €13,000
of which Non-recurring financial income: -€12,397
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 | €1,112,357 | €1,171,874 | +€59,517 | +5.4% |
| Fixed assets | 21/28 | €44,225 | €29,746 | -€14,479 | -32.7% |
| Tangible fixed assets | 22/27 | €44,225 | €29,746 | -€14,479 | -32.7% |
| Land and buildings | 22 | €1,126 | €886 | -€240 | -21.3% |
| Plant, machinery and equipment | 23 | €18,806 | €15,687 | -€3,119 | -16.6% |
| Furniture and vehicles | 24 | €24,293 | €13,173 | -€11,120 | -45.8% |
| Current assets | 29/58 | €1,068,133 | €1,142,128 | +€73,995 | +6.9% |
| Stocks and contracts in progress | 3 | €633,934 | €692,421 | +€58,487 | +9.2% |
| Stocks | 30/36 | €633,934 | €692,421 | +€58,487 | +9.2% |
| Amounts receivable within one year | 40/41 | €379,298 | €417,756 | +€38,458 | +10.1% |
| Trade receivables | 40 | €374,833 | €415,219 | +€40,387 | +10.8% |
| Other amounts receivable | 41 | €4,465 | €2,537 | -€1,928 | -43.2% |
| Cash at bank and in hand | 54/58 | €39,773 | €14,629 | -€25,144 | -63.2% |
| Deferred charges and accrued income | 490/1 | €15,128 | €17,322 | +€2,194 | +14.5% |
| Total equity and liabilities | 10/49 | €1,112,357 | €1,171,874 | +€59,517 | +5.4% |
| Equity | 10/15 | €467,252 | €527,793 | +€60,541 | +13.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €106,200 | €166,200 | +€60,000 | +56.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €160,000 | +€60,000 | +60.0% |
| Profit (loss) carried forward | 14 | €299,052 | €299,593 | +€541 | +0.2% |
| Amounts payable | 17/49 | €645,106 | €644,081 | -€1,024 | -0.2% |
| Amounts payable after more than one year | 17 | €8,571 | €0 | -€8,571 | -100% |
| Financial debts | 170/4 | €8,571 | €0 | -€8,571 | -100% |
| Amounts payable within one year | 42/48 | €630,936 | €638,214 | +€7,279 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €9,350 | €8,571 | -€779 | -8.3% |
| Financial debts | 43 | €429,693 | €401,052 | -€28,641 | -6.7% |
| Credit institutions | 430/8 | €429,693 | €401,052 | -€28,641 | -6.7% |
| Trade debts | 44 | €67,154 | €122,884 | +€55,730 | +83.0% |
| Suppliers | 440/4 | €67,154 | €122,884 | +€55,730 | +83.0% |
| Taxes, remuneration and social security | 45 | €77,727 | €63,599 | -€14,128 | -18.2% |
| Taxes | 450/3 | €49,511 | €33,639 | -€15,872 | -32.1% |
| Remuneration and social security | 454/9 | €28,216 | €29,960 | +€1,744 | +6.2% |
| Other amounts payable | 47/48 | €47,012 | €42,108 | -€4,904 | -10.4% |
| Accrued charges and deferred income | 492/3 | €5,600 | €5,867 | +€267 | +4.8% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €326,223 | €345,272 | +€19,049 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,905 | €20,736 | +€831 | +4.2% |
| Other operating charges | 640/8 | €6,476 | €4,686 | -€1,789 | -27.6% |
| Gross operating margin | 9900 | €470,417 | €452,575 | -€17,842 | -3.8% |
| Operating profit (loss) | 9901 | €117,813 | €81,881 | -€35,932 | -30.5% |
| Financial income | 75/76B | €18,188 | €13,000 | -€5,189 | -28.5% |
| Recurring financial income | 75 | €5,792 | €13,000 | +€7,208 | +124% |
| Non-recurring financial income | 76B | €12,397 | - | -€12,397 | |
| Financial charges | 65/66B | €35,703 | €28,198 | -€7,505 | -21.0% |
| Recurring financial charges | 65 | €35,703 | €28,198 | -€7,505 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €100,298 | €66,682 | -€33,616 | -33.5% |
| Income taxes | 67/77 | €9,140 | €6,141 | -€2,999 | -32.8% |
| Profit (loss) for the period | 9904 | €91,159 | €60,541 | -€30,617 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,159 | €60,541 | -€30,617 | -33.6% |
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 22 October 2026 via checked.be.