DRGV: 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.
DRGV
Largest movements
- Cash -€142,178
down €142,178 (-84.7%), from €167,899 to €25,722
mainly Other debts (-€165,596) and Contributions, distributions and other (-€78,789)
- Tangible fixed assets -€69,009
down €69,009 (-5.7%), from €1.2m to €1.1m
of which Land and buildings: -€46,941
- Current investments -€16,000
down €16,000 (-26.6%), from €60,212 to €44,212
- Other debts -€165,596
down €165,596 (-23.3%), from €711,132 to €545,535
- Debts after one year -€38,063
down €38,063 (-6.9%), from €552,555 to €514,492
- Trade debts -€19,005
down €19,005 (-98.0%), from €19,384 to €379
- Gross operating margin +€46,262
up €46,262 (+26.7%), from €173,007 to €219,269
- Depreciation +€15,026
up €15,026 (+22.8%), from €65,970 to €80,996
- Taxes +€6,248
up €6,248 (+22.3%), from €27,992 to €34,241
- Financial charges +€3,278
up €3,278 (+16.1%), from €20,401 to €23,679
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,476,116 | €1,258,477 | -€217,638 | -14.7% |
| Fixed assets | 21/28 | €1,216,599 | €1,147,590 | -€69,009 | -5.7% |
| Tangible fixed assets | 22/27 | €1,216,599 | €1,147,590 | -€69,009 | -5.7% |
| Land and buildings | 22 | €1,129,073 | €1,082,132 | -€46,941 | -4.2% |
| Plant, machinery and equipment | 23 | €15,111 | €11,223 | -€3,889 | -25.7% |
| Furniture and vehicles | 24 | €72,415 | €54,236 | -€18,180 | -25.1% |
| Current assets | 29/58 | €259,516 | €110,887 | -€148,629 | -57.3% |
| Amounts receivable within one year | 40/41 | €27,581 | €36,531 | +€8,950 | +32.4% |
| Trade receivables | 40 | €27,466 | €36,531 | +€9,065 | +33.0% |
| Other amounts receivable | 41 | €116 | €0 | -€116 | -100% |
| Current investments | 50/53 | €60,212 | €44,212 | -€16,000 | -26.6% |
| Cash at bank and in hand | 54/58 | €167,899 | €25,722 | -€142,178 | -84.7% |
| Deferred charges and accrued income | 490/1 | €3,823 | €4,423 | +€599 | +15.7% |
| Total equity and liabilities | 10/49 | €1,476,116 | €1,258,477 | -€217,638 | -14.7% |
| Equity | 10/15 | €134,451 | €134,451 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,851 | €115,851 | = | 0.0% |
| Distributable reserves | 133 | €115,851 | €115,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,341,664 | €1,124,026 | -€217,638 | -16.2% |
| Amounts payable after more than one year | 17 | €552,555 | €514,492 | -€38,063 | -6.9% |
| Financial debts | 170/4 | €552,555 | €514,492 | -€38,063 | -6.9% |
| Amounts payable within one year | 42/48 | €786,323 | €608,319 | -€178,003 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €37,011 | €38,063 | +€1,052 | +2.8% |
| Financial debts | 43 | €8,448 | €8,403 | -€45 | -0.5% |
| Credit institutions | 430/8 | €8,448 | €8,403 | -€45 | -0.5% |
| Trade debts | 44 | €19,384 | €379 | -€19,005 | -98.0% |
| Suppliers | 440/4 | €19,384 | €379 | -€19,005 | -98.0% |
| Taxes, remuneration and social security | 45 | €10,347 | €15,939 | +€5,591 | +54.0% |
| Taxes | 450/3 | €10,347 | €15,939 | +€5,591 | +54.0% |
| Other amounts payable | 47/48 | €711,132 | €545,535 | -€165,596 | -23.3% |
| Accrued charges and deferred income | 492/3 | €2,787 | €1,215 | -€1,572 | -56.4% |
| Non-recurring operating income | 76A | €18,080 | €0 | -€18,080 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,970 | €80,996 | +€15,026 | +22.8% |
| Other operating charges | 640/8 | €5,275 | €5,811 | +€536 | +10.2% |
| Gross operating margin | 9900 | €173,007 | €219,269 | +€46,262 | +26.7% |
| Operating profit (loss) | 9901 | €101,762 | €132,462 | +€30,699 | +30.2% |
| Financial income | 75/76B | €5,204 | €4,247 | -€957 | -18.4% |
| Recurring financial income | 75 | €5,204 | €4,247 | -€957 | -18.4% |
| Financial charges | 65/66B | €20,401 | €23,679 | +€3,278 | +16.1% |
| Recurring financial charges | 65 | €20,401 | €23,679 | +€3,278 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €86,565 | €113,029 | +€26,464 | +30.6% |
| Income taxes | 67/77 | €27,992 | €34,241 | +€6,248 | +22.3% |
| Profit (loss) for the period | 9904 | €58,573 | €78,789 | +€20,216 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,573 | €78,789 | +€20,216 | +34.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.