DRIVE MANAGEMENT: 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.
What changed
DRIVE MANAGEMENT
NACE 64.210, Activities of holding companies
financial year 31-12-2025 compared with 30-06-2025filed annual accounts (NBB)
Net result for the year
€11,745
30-06-2025 · €45,746-€34,001
Equity
€2.8m
30-06-2025 · €3.6m-€753,213
Cash
€1.6m
30-06-2025 · €2.4m-€782,554
Balance sheet total
€2.8m
30-06-2025 · €3.6m-€767,111
Largest movements
Assets
- Cash -€782,554
down €782,554 (-33.0%), from €2.4m to €1.6m
mainly Contributions, distributions and other (-€764,959) and Receivables within one year (-€19,648)
Equity and liabilities
- Reserves -€576,459
down €576,459 (-17.4%), from €3.3m to €2.7m
of which Distributable reserves: -€576,459
- Contributions -€188,500
down €188,500 (-75.4%), from €250,000 to €61,500
Income statement
- Turnover -€150,000
down €150,000 (-50.0%), from €300,000 to €150,000
- Services and other goods -€131,651
down €131,651 (-49.5%), from €266,010 to €134,359
- Financial income -€36,944
down €36,944 (-85.6%), from €43,157 to €6,213
- Taxes -€18,047
down €18,047 (-79.1%), from €22,803 to €4,755
- Depreciation -€4,427
down €4,427 (-50.0%), from €8,855 to €4,427
From the 30-06-2025 result to the 31-12-2025 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.
Result 30-06-2025
€45,746
Turnover
-€150,000
Other operating income
-€1,839
Services and other goods
+€131,651
Depreciation
+€4,427
Other operating charges
-€26
Financial income
-€36,944
Financial charges
+€682
Taxes
+€18,047
Result 31-12-2025
€11,745
raises the resultlowers the result
Derived cash bridge
Derived from the 30-06-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€4,714
Investment
€0
Financing
-€777,840
Cash 30-06-2025
€2.4m
From operations (derived)
-€4,714
Net result for the year
+€11,745
Depreciation
+€4,427
Receivables within one year
-€19,648
Smaller working-capital items
-€758
Trade debts
+€5,389
Tax, wage and social debts
-€8,211
Other debts
+€2,341
Financing
-€777,840
Current portion of long-term debt
-€12,881
Contributions, distributions and other
-€764,959
Cash 31-12-2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 30-06-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,612,565 | €2,845,454 | -€767,111 | -21.2% |
| Fixed assets | 21/28 | €1,182,128 | €1,177,701 | -€4,427 | -0.4% |
| Tangible fixed assets | 22/27 | €13,128 | €8,701 | -€4,427 | -33.7% |
| Furniture and vehicles | 24 | €13,128 | €8,701 | -€4,427 | -33.7% |
| Financial fixed assets | 28 | €1,169,000 | €1,169,000 | = | 0.0% |
| Affiliated companies | 280/1 | €1,169,000 | €1,169,000 | = | 0.0% |
| Participating interests | 280 | €1,169,000 | €1,169,000 | = | 0.0% |
| Current assets | 29/58 | €2,430,436 | €1,667,753 | -€762,683 | -31.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €57,946 | €77,594 | +€19,648 | +33.9% |
| Trade receivables | 40 | €36,750 | €30,250 | -€6,500 | -17.7% |
| Other amounts receivable | 41 | €21,196 | €47,344 | +€26,148 | +123% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,371,113 | €1,588,559 | -€782,554 | -33.0% |
| Deferred charges and accrued income | 490/1 | €1,377 | €1,599 | +€222 | +16.1% |
| Total equity and liabilities | 10/49 | €3,612,565 | €2,845,454 | -€767,111 | -21.2% |
| Equity | 10/15 | €3,569,245 | €2,816,032 | -€753,213 | -21.1% |
| Contributions | 10/11 | €250,000 | €61,500 | -€188,500 | -75.4% |
| Capital | 10 | €250,000 | €61,500 | -€188,500 | -75.4% |
| Issued capital | 100 | €250,000 | €61,500 | -€188,500 | -75.4% |
| Reserves | 13 | €3,319,245 | €2,742,787 | -€576,459 | -17.4% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €3,294,245 | €2,717,787 | -€576,459 | -17.5% |
| Profit (loss) carried forward | 14 | - | €11,745 | +€11,745 | |
| Amounts payable | 17/49 | €43,319 | €29,422 | -€13,897 | -32.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €42,784 | €29,422 | -€13,362 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €12,881 | €0 | -€12,881 | -100% |
| Trade debts | 44 | €3,248 | €8,637 | +€5,389 | +166% |
| Suppliers | 440/4 | €3,248 | €8,637 | +€5,389 | +166% |
| Taxes, remuneration and social security | 45 | €26,060 | €17,849 | -€8,211 | -31.5% |
| Taxes | 450/3 | €26,060 | €17,849 | -€8,211 | -31.5% |
| Other amounts payable | 47/48 | €595 | €2,936 | +€2,341 | +394% |
| Accrued charges and deferred income | 492/3 | €535 | €0 | -€535 | -100% |
| Operating income | 70/76A | €303,625 | €151,786 | -€151,839 | -50.0% |
| Turnover | 70 | €300,000 | €150,000 | -€150,000 | -50.0% |
| Other operating income | 74 | €3,625 | €1,786 | -€1,839 | -50.7% |
| Operating charges | 60/66A | €276,207 | €140,155 | -€136,053 | -49.3% |
| Services and other goods | 61 | €266,010 | €134,359 | -€131,651 | -49.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,855 | €4,427 | -€4,427 | -50.0% |
| Other operating charges | 640/8 | €1,342 | €1,368 | +€26 | +1.9% |
| Operating profit (loss) | 9901 | €27,418 | €11,632 | -€15,786 | -57.6% |
| Financial income | 75/76B | €43,157 | €6,213 | -€36,944 | -85.6% |
| Recurring financial income | 75 | €43,157 | €6,213 | -€36,944 | -85.6% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €43,157 | €6,213 | -€36,944 | -85.6% |
| Other financial income | 752/9 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,026 | €1,344 | -€682 | -33.7% |
| Recurring financial charges | 65 | €2,026 | €1,344 | -€682 | -33.7% |
| Debt charges | 650 | €2,026 | €1,344 | -€682 | -33.7% |
| Other financial charges | 652/9 | €0 | - | = | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €68,549 | €16,501 | -€52,048 | -75.9% |
| Income taxes | 67/77 | €22,803 | €4,755 | -€18,047 | -79.1% |
| Taxes | 670/3 | €22,803 | €4,755 | -€18,047 | -79.1% |
| Profit (loss) for the period | 9904 | €45,746 | €11,745 | -€34,001 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,746 | €11,745 | -€34,001 | -74.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.