Drevakine: 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.
Drevakine
Largest movements
- Tangible fixed assets +€295,733
new in 2025: €295,733
- Cash -€43,814
down €43,814 (-59.8%), from €73,226 to €29,412
mainly Investment in fixed assets (net) (-€339,103) and Deferred charges and accrued income (-€7,503)
- Deferred charges and accrued income +€7,503
up €7,503 (+185%), from €4,054 to €11,557
- Debts after one year +€221,154
new in 2025: €221,154
of which Financial debts: +€219,154
- Reserves +€14,382
up €14,382 (+20.5%), from €70,174 to €84,555
- Current portion of long-term debt +€12,681
new in 2025: €12,681
- Trade debts +€10,250
up €10,250 (+8,824%), from €116 to €10,366
- Depreciation +€41,945
up €41,945 (+2,943%), from €1,425 to €43,370
- Gross operating margin -€25,454
down €25,454 (-27.8%), from €91,484 to €66,029
- Taxes -€14,975
down €14,975 (-76.6%), from €19,551 to €4,577
- Financial charges +€3,247
up €3,247 (+1,462%), from €222 to €3,469
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 | €77,341 | €336,833 | +€259,492 | +336% |
| Fixed assets | 21/28 | - | €295,733 | +€295,733 | |
| Tangible fixed assets | 22/27 | - | €295,733 | +€295,733 | |
| Land and buildings | 22 | - | €295,733 | +€295,733 | |
| Current assets | 29/58 | €77,341 | €41,100 | -€36,241 | -46.9% |
| Amounts receivable within one year | 40/41 | €61 | €132 | +€71 | +116% |
| Other amounts receivable | 41 | €61 | €132 | +€71 | +116% |
| Cash at bank and in hand | 54/58 | €73,226 | €29,412 | -€43,814 | -59.8% |
| Deferred charges and accrued income | 490/1 | €4,054 | €11,557 | +€7,503 | +185% |
| Total equity and liabilities | 10/49 | €77,341 | €336,833 | +€259,492 | +336% |
| Equity | 10/15 | €76,174 | €90,555 | +€14,382 | +18.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €70,174 | €84,555 | +€14,382 | +20.5% |
| Distributable reserves | 133 | €70,174 | €84,555 | +€14,382 | +20.5% |
| Amounts payable | 17/49 | €1,167 | €246,277 | +€245,110 | +20,999% |
| Amounts payable after more than one year | 17 | - | €221,154 | +€221,154 | |
| Financial debts | 170/4 | - | €219,154 | +€219,154 | |
| Other amounts payable | 178/9 | - | €2,000 | +€2,000 | |
| Amounts payable within one year | 42/48 | €1,167 | €25,124 | +€23,957 | +2,052% |
| Current portion of amounts payable after more than one year | 42 | - | €12,681 | +€12,681 | |
| Trade debts | 44 | €116 | €10,366 | +€10,250 | +8,824% |
| Suppliers | 440/4 | €116 | €10,366 | +€10,250 | +8,824% |
| Taxes, remuneration and social security | 45 | €1,051 | €2,077 | +€1,026 | +97.6% |
| Taxes | 450/3 | €1,051 | €2,077 | +€1,026 | +97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,425 | €43,370 | +€41,945 | +2,943% |
| Other operating charges | 640/8 | €112 | €925 | +€813 | +726% |
| Gross operating margin | 9900 | €91,484 | €66,029 | -€25,454 | -27.8% |
| Operating profit (loss) | 9901 | €89,947 | €21,734 | -€68,213 | -75.8% |
| Financial income | 75/76B | - | €693 | +€693 | |
| Recurring financial income | 75 | - | €693 | +€693 | |
| Financial charges | 65/66B | €222 | €3,469 | +€3,247 | +1,462% |
| Recurring financial charges | 65 | €222 | €3,469 | +€3,247 | +1,462% |
| Profit (loss) for the period before taxes | 9903 | €89,725 | €18,958 | -€70,766 | -78.9% |
| Income taxes | 67/77 | €19,551 | €4,577 | -€14,975 | -76.6% |
| Profit (loss) for the period | 9904 | €70,174 | €14,382 | -€55,792 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,174 | €14,382 | -€55,792 | -79.5% |
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 14 October 2026 via checked.be.