DRIVE-ELEC: 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.
DRIVE-ELEC
Largest movements
- Receivables within one year +€44,230
up €44,230 (+49.5%), from €89,402 to €133,632
of which Trade receivables: +€43,338
- Tangible fixed assets -€21,662
down €21,662 (-14.1%), from €153,230 to €131,568
of which Land and buildings: -€18,463
- Cash +€20,098
up €20,098 (+21.1%), from €95,422 to €115,521
mainly Net result for the year (+€48,335) and Depreciation (+€25,912)
- Intangible fixed assets -€4,250
down €4,250 (-33.3%), from €12,750 to €8,500
- Reserves +€48,000
up €48,000 (+469.5%), from €10,224 to €58,224
of which Distributable reserves: +€48,000
- Trade debts -€30,580
down €30,580 (-21.9%), from €139,630 to €109,051
- Current portion of long-term debt +€15,292
up €15,292 (+118.0%), from €12,956 to €28,248
- Other debts +€13,658
up €13,658 (+179.7%), from €7,601 to €21,259
- Debts after one year -€13,248
down €13,248 (-14.3%), from €92,751 to €79,503
of which Financial debts: -€13,248
- Gross operating margin +€57,387
up €57,387 (+114.9%), from €49,957 to €107,343
- Taxes +€17,738
up €17,738 (+426.9%), from €4,155 to €21,893
- Depreciation -€3,372
down €3,372 (-11.5%), from €29,283 to €25,912
- Other operating charges -€1,699
down €1,699 (-20.3%), from €8,383 to €6,685
- Financial income -€1,539
down €1,539 (-95.4%), from €1,613 to €74
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,393 | €390,647 | +€34,254 | +9.6% |
| Fixed assets | 21/28 | €166,097 | €140,185 | -€25,912 | -15.6% |
| Intangible fixed assets | 21 | €12,750 | €8,500 | -€4,250 | -33.3% |
| Tangible fixed assets | 22/27 | €153,230 | €131,568 | -€21,662 | -14.1% |
| Land and buildings | 22 | €147,631 | €129,168 | -€18,463 | -12.5% |
| Plant, machinery and equipment | 23 | €2,743 | €1,549 | -€1,194 | -43.5% |
| Furniture and vehicles | 24 | €2,855 | €851 | -€2,004 | -70.2% |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €190,296 | €250,462 | +€60,166 | +31.6% |
| Stocks and contracts in progress | 3 | €2,087 | €1,309 | -€778 | -37.3% |
| Stocks | 30/36 | €2,087 | €1,309 | -€778 | -37.3% |
| Amounts receivable within one year | 40/41 | €89,402 | €133,632 | +€44,230 | +49.5% |
| Trade receivables | 40 | €83,483 | €126,821 | +€43,338 | +51.9% |
| Other amounts receivable | 41 | €5,920 | €6,812 | +€892 | +15.1% |
| Cash at bank and in hand | 54/58 | €95,422 | €115,521 | +€20,098 | +21.1% |
| Deferred charges and accrued income | 490/1 | €3,385 | - | -€3,385 | |
| Total equity and liabilities | 10/49 | €356,393 | €390,647 | +€34,254 | +9.6% |
| Equity | 10/15 | €98,469 | €146,804 | +€48,335 | +49.1% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €10,224 | €58,224 | +€48,000 | +469.5% |
| Non-distributable reserves | 130/1 | €1,725 | €1,725 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,725 | €1,725 | = | 0.0% |
| Tax-exempt reserves | 132 | €13 | €13 | = | 0.0% |
| Distributable reserves | 133 | €8,486 | €56,486 | +€48,000 | +565.6% |
| Profit (loss) carried forward | 14 | €3,244 | €3,580 | +€335 | +10.3% |
| Amounts payable | 17/49 | €257,924 | €243,843 | -€14,081 | -5.5% |
| Amounts payable after more than one year | 17 | €92,751 | €79,503 | -€13,248 | -14.3% |
| Financial debts | 170/4 | €92,701 | €79,453 | -€13,248 | -14.3% |
| Other amounts payable | 178/9 | €50 | €50 | = | 0.0% |
| Amounts payable within one year | 42/48 | €165,173 | €164,188 | -€985 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €12,956 | €28,248 | +€15,292 | +118.0% |
| Trade debts | 44 | €139,630 | €109,051 | -€30,580 | -21.9% |
| Suppliers | 440/4 | €139,630 | €109,051 | -€30,580 | -21.9% |
| Taxes, remuneration and social security | 45 | €4,985 | €5,630 | +€645 | +12.9% |
| Taxes | 450/3 | €4,985 | €5,630 | +€645 | +12.9% |
| Other amounts payable | 47/48 | €7,601 | €21,259 | +€13,658 | +179.7% |
| Accrued charges and deferred income | 492/3 | - | €152 | +€152 | |
| Remuneration, social security and pensions | 62 | €1,337 | - | -€1,337 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,283 | €25,912 | -€3,372 | -11.5% |
| Other operating charges | 640/8 | €8,383 | €6,685 | -€1,699 | -20.3% |
| Non-recurring operating charges | 66A | €512 | - | -€512 | |
| Gross operating margin | 9900 | €49,957 | €107,343 | +€57,387 | +114.9% |
| Operating profit (loss) | 9901 | €10,442 | €74,747 | +€64,305 | +615.9% |
| Financial income | 75/76B | €1,613 | €74 | -€1,539 | -95.4% |
| Recurring financial income | 75 | €1,613 | €74 | -€1,539 | -95.4% |
| Financial charges | 65/66B | €4,655 | €4,592 | -€63 | -1.3% |
| Recurring financial charges | 65 | €4,655 | €4,592 | -€63 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €7,399 | €70,228 | +€62,829 | +849.1% |
| Income taxes | 67/77 | €4,155 | €21,893 | +€17,738 | +426.9% |
| Profit (loss) for the period | 9904 | €3,244 | €48,335 | +€45,091 | +1389.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,244 | €48,335 | +€45,091 | +1389.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.