DRHP: what changed
Two fiscal 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.
DRHP
Largest movements
- Cash +€25,886
up €25,886 (+1109.7%), from €2,333 to €28,219
mainly Net result for the year (+€27,785) and Depreciation (+€7,272)
- Tangible fixed assets +€3,313
up €3,313 (+33.2%), from €9,991 to €13,304
- Formation expenses -€2,769
no longer reported in 2024 (was €2,769)
- Receivables within one year -€1,327
down €1,327 (-78.6%), from €1,689 to €362
- Deferred charges and accrued income +€746
up €746 (+163.4%), from €457 to €1,203
- Reserves +€27,785
up €27,785 (+359.6%), from €7,726 to €35,511
- Trade debts -€3,904
down €3,904 (-62.2%), from €6,274 to €2,370
- Tax, wage and social debts +€1,968
up €1,968 (+4507.4%), from €44 to €2,012
- Gross operating margin +€33,363
up €33,363 (+319.6%), from €10,439 to €43,802
- Depreciation +€6,617
up €6,617 (+1010.5%), from €655 to €7,272
- Taxes +€5,968
up €5,968 (+292.0%), from €2,044 to €8,012
- Other operating charges +€636
new in 2024: €636
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,239 | €43,088 | +€25,849 | +150.0% |
| Formation expenses | 20 | €2,769 | - | -€2,769 | |
| Fixed assets | 21/28 | €9,991 | €13,304 | +€3,313 | +33.2% |
| Tangible fixed assets | 22/27 | €9,991 | €13,304 | +€3,313 | +33.2% |
| Furniture and vehicles | 24 | €9,991 | €13,304 | +€3,313 | +33.2% |
| Current assets | 29/58 | €4,478 | €29,784 | +€25,305 | +565.1% |
| Amounts receivable within one year | 40/41 | €1,689 | €362 | -€1,327 | -78.6% |
| Trade receivables | 40 | €1,689 | €362 | -€1,327 | -78.6% |
| Cash at bank and in hand | 54/58 | €2,333 | €28,219 | +€25,886 | +1109.7% |
| Deferred charges and accrued income | 490/1 | €457 | €1,203 | +€746 | +163.4% |
| Total equity and liabilities | 10/49 | €17,239 | €43,088 | +€25,849 | +150.0% |
| Equity | 10/15 | €9,226 | €37,011 | +€27,785 | +301.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €7,726 | €35,511 | +€27,785 | +359.6% |
| Distributable reserves | 133 | €7,726 | €35,511 | +€27,785 | +359.6% |
| Amounts payable | 17/49 | €8,013 | €6,077 | -€1,936 | -24.2% |
| Amounts payable within one year | 42/48 | €8,013 | €6,077 | -€1,936 | -24.2% |
| Trade debts | 44 | €6,274 | €2,370 | -€3,904 | -62.2% |
| Suppliers | 440/4 | €6,274 | €2,370 | -€3,904 | -62.2% |
| Taxes, remuneration and social security | 45 | €44 | €2,012 | +€1,968 | +4507.4% |
| Taxes | 450/3 | €44 | €2,012 | +€1,968 | +4507.4% |
| Other amounts payable | 47/48 | €1,695 | €1,695 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655 | €7,272 | +€6,617 | +1010.5% |
| Other operating charges | 640/8 | - | €636 | +€636 | |
| Gross operating margin | 9900 | €10,439 | €43,802 | +€33,363 | +319.6% |
| Operating profit (loss) | 9901 | €9,784 | €35,894 | +€26,110 | +266.9% |
| Financial charges | 65/66B | €14 | €98 | +€83 | +580.9% |
| Recurring financial charges | 65 | €14 | €98 | +€83 | +580.9% |
| Profit (loss) for the period before taxes | 9903 | €9,769 | €35,797 | +€26,027 | +266.4% |
| Income taxes | 67/77 | €2,044 | €8,012 | +€5,968 | +292.0% |
| Profit (loss) for the period | 9904 | €7,726 | €27,785 | +€20,059 | +259.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,726 | €27,785 | +€20,059 | +259.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.