DRH: 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.
DRH
Largest movements
- Receivables within one year +€30,103
up €30,103 (+60.8%), from €49,535 to €79,638
of which Other amounts receivable: +€19,037
- Cash +€22,799
up €22,799 (+94.0%), from €24,260 to €47,059
mainly Trade debts (+€39,300) and Tax, wage and social debts (+€26,557)
- Tangible fixed assets +€20,757
up €20,757 (+99.4%), from €20,875 to €41,632
of which Plant, machinery and equipment: +€19,210
- Stocks and contracts -€4,462
down €4,462 (-22.5%), from €19,875 to €15,413
- Trade debts +€39,300
up €39,300 (+1311.6%), from €2,996 to €42,296
- Tax, wage and social debts +€26,557
up €26,557 (+695.8%), from €3,817 to €30,374
- Short-term financial debts -€24,492
no longer reported in 2025 (was €24,492)
- Reserves +€17,680
up €17,680 (+28.9%), from €61,194 to €78,874
of which Distributable reserves: +€17,680
- Current portion of long-term debt +€4,955
new in 2025: €4,955
- Gross operating margin +€26,520
up €26,520 (+253.9%), from €10,445 to €36,965
- Taxes +€8,249
up €8,249 (+748.0%), from €1,103 to €9,352
- Depreciation +€2,445
up €2,445 (+60.3%), from €4,057 to €6,502
- Financial charges -€934
down €934 (-20.2%), from €4,621 to €3,687
of which Non-recurring financial charges: -€1,521
- Financial income +€441
up €441 (+164.5%), from €268 to €709
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 | €114,546 | €183,743 | +€69,197 | +60.4% |
| Fixed assets | 21/28 | €20,875 | €41,632 | +€20,757 | +99.4% |
| Tangible fixed assets | 22/27 | €20,875 | €41,632 | +€20,757 | +99.4% |
| Land and buildings | 22 | €13,373 | €14,921 | +€1,547 | +11.6% |
| Plant, machinery and equipment | 23 | €7,501 | €26,711 | +€19,210 | +256.1% |
| Current assets | 29/58 | €93,671 | €142,111 | +€48,439 | +51.7% |
| Stocks and contracts in progress | 3 | €19,875 | €15,413 | -€4,462 | -22.5% |
| Stocks | 30/36 | €19,875 | €15,413 | -€4,462 | -22.5% |
| Amounts receivable within one year | 40/41 | €49,535 | €79,638 | +€30,103 | +60.8% |
| Trade receivables | 40 | €18,328 | €29,394 | +€11,065 | +60.4% |
| Other amounts receivable | 41 | €31,207 | €50,244 | +€19,037 | +61.0% |
| Cash at bank and in hand | 54/58 | €24,260 | €47,059 | +€22,799 | +94.0% |
| Total equity and liabilities | 10/49 | €114,546 | €183,743 | +€69,197 | +60.4% |
| Equity | 10/15 | €82,041 | €99,721 | +€17,680 | +21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,194 | €78,874 | +€17,680 | +28.9% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €52,194 | €69,874 | +€17,680 | +33.9% |
| Profit (loss) carried forward | 14 | €2,247 | €2,247 | = | 0.0% |
| Amounts payable | 17/49 | €32,505 | €84,022 | +€51,517 | +158.5% |
| Amounts payable after more than one year | 17 | - | €3,833 | +€3,833 | |
| Financial debts | 170/4 | - | €3,833 | +€3,833 | |
| Amounts payable within one year | 42/48 | €31,305 | €77,626 | +€46,321 | +148.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,955 | +€4,955 | |
| Financial debts | 43 | €24,492 | - | -€24,492 | |
| Credit institutions | 430/8 | €24,492 | - | -€24,492 | |
| Trade debts | 44 | €2,996 | €42,296 | +€39,300 | +1311.6% |
| Suppliers | 440/4 | €2,996 | €42,296 | +€39,300 | +1311.6% |
| Taxes, remuneration and social security | 45 | €3,817 | €30,374 | +€26,557 | +695.8% |
| Taxes | 450/3 | €3,817 | €30,374 | +€26,557 | +695.8% |
| Accrued charges and deferred income | 492/3 | €1,200 | €2,563 | +€1,363 | +113.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,057 | €6,502 | +€2,445 | +60.3% |
| Other operating charges | 640/8 | €498 | €453 | -€45 | -9.1% |
| Gross operating margin | 9900 | €10,445 | €36,965 | +€26,520 | +253.9% |
| Operating profit (loss) | 9901 | €5,890 | €30,011 | +€24,120 | +409.5% |
| Financial income | 75/76B | €268 | €709 | +€441 | +164.5% |
| Recurring financial income | 75 | €268 | €709 | +€441 | +164.5% |
| Financial charges | 65/66B | €4,621 | €3,687 | -€934 | -20.2% |
| Recurring financial charges | 65 | €3,100 | €3,687 | +€588 | +19.0% |
| Non-recurring financial charges | 66B | €1,521 | - | -€1,521 | |
| Profit (loss) for the period before taxes | 9903 | €1,537 | €27,032 | +€25,495 | +1658.8% |
| Income taxes | 67/77 | €1,103 | €9,352 | +€8,249 | +748.0% |
| Profit (loss) for the period | 9904 | €434 | €17,680 | +€17,246 | +3972.0% |
| Profit (loss) for the period to be appropriated | 9905 | €434 | €17,680 | +€17,246 | +3972.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.