DRIVE SYSTEMS: 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 SYSTEMS
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.4m
2024 · €1.6m+€2.8m
Equity
€9.1m
2024 · €4.9m+€4.3m
Cash
€4.9m
2024 · €195,701+€4.7m
Balance sheet total
€13.5m
2024 · €7.3m+€6.2m
Largest movements
Assets
- Cash +€4.7m
up €4.7m (+2394.9%), from €195,701 to €4.9m
mainly Net result for the year (+€4.4m) and Trade debts (+€3.0m)
- Receivables within one year +€3.1m
up €3.1m (+136.2%), from €2.3m to €5.3m
of which Trade receivables: +€3.1m
- Current investments -€998,962
down €998,962 (-90.8%), from €1.1m to €101,038
- Tangible fixed assets -€596,811
down €596,811 (-20.6%), from €2.9m to €2.3m
of which Plant, machinery and equipment: -€583,737
Equity and liabilities
- Reserves +€4.4m
up €4.4m (+109.3%), from €4.1m to €8.5m
of which Distributable reserves: +€4.7m
- Trade debts +€3.0m
up €3.0m (+413.6%), from €731,217 to €3.8m
- Debts after one year -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Tax, wage and social debts +€392,234
up €392,234 (+242.8%), from €161,523 to €553,757
of which Taxes: +€393,367
- Current portion of long-term debt -€279,213
down €279,213 (-100.0%), from €279,213 to €0
Income statement
- Gross operating margin +€3.9m
up €3.9m (+143.1%), from €2.7m to €6.6m
- Taxes +€972,567
up €972,567 (+185.1%), from €525,481 to €1.5m
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.
Result 2024
€1.6m
Gross operating margin
+€3.9m
Staff costs
+€879
Depreciation
-€16,108
Write-downs
-€18,617
Other operating charges
+€573
Other operating items
+€5,962
Financial income
-€60,449
Financial charges
-€4,340
Taxes
-€972,567
Result 2025
€4.4m
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.
From operations
+€5.1m
Investment
+€1.1m
Financing
-€1.5m
Cash 2024
€195,701
From operations (derived)
+€5.1m
Net result for the year
+€4.4m
Depreciation
+€629,374
Receivables after one year
-€100,000
Stocks and contracts
-€69,611
Receivables within one year
-€3.1m
Deferred charges and accrued income
+€20,226
Provisions
-€37,450
Trade debts
+€3.0m
Tax, wage and social debts
+€392,234
Other debts
-€123,648
Accrued charges and deferred income
+€398
Investment (derived)
+€1.1m
Investment in fixed assets (net)
+€67,437
Current investments
+€998,962
Financing
-€1.5m
Debts after one year
-€1.0m
Current portion of long-term debt
-€279,213
Contributions, distributions and other
-€174,690
Cash 2025
€4.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,308,102 | €13,532,179 | +€6.2m | +85.2% |
| Fixed assets | 21/28 | €3,010,344 | €2,313,533 | -€696,811 | -23.1% |
| Tangible fixed assets | 22/27 | €2,897,344 | €2,300,533 | -€596,811 | -20.6% |
| Land and buildings | 22 | €14,074 | €11,705 | -€2,369 | -16.8% |
| Plant, machinery and equipment | 23 | €2,854,759 | €2,271,022 | -€583,737 | -20.4% |
| Furniture and vehicles | 24 | €28,511 | €17,806 | -€10,704 | -37.5% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €113,000 | €13,000 | -€100,000 | -88.5% |
| Current assets | 29/58 | €4,297,758 | €11,218,645 | +€6.9m | +161.0% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Stocks and contracts in progress | 3 | €693,170 | €762,781 | +€69,611 | +10.0% |
| Stocks | 30/36 | €693,170 | €762,781 | +€69,611 | +10.0% |
| Amounts receivable within one year | 40/41 | €2,264,219 | €5,347,843 | +€3.1m | +136.2% |
| Trade receivables | 40 | €2,260,346 | €5,341,200 | +€3.1m | +136.3% |
| Other amounts receivable | 41 | €3,874 | €6,643 | +€2,770 | +71.5% |
| Current investments | 50/53 | €1,100,000 | €101,038 | -€998,962 | -90.8% |
| Cash at bank and in hand | 54/58 | €195,701 | €4,882,542 | +€4.7m | +2394.9% |
| Deferred charges and accrued income | 490/1 | €44,667 | €24,441 | -€20,226 | -45.3% |
| Total equity and liabilities | 10/49 | €7,308,102 | €13,532,179 | +€6.2m | +85.2% |
| Equity | 10/15 | €4,850,073 | €9,116,895 | +€4.3m | +88.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €4,064,132 | €8,505,644 | +€4.4m | +109.3% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,536,292 | €1,296,970 | -€239,321 | -15.6% |
| Distributable reserves | 133 | €2,521,340 | €7,202,173 | +€4.7m | +185.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €720,941 | €546,252 | -€174,690 | -24.2% |
| Provisions and deferred taxes | 16 | €138,753 | €101,304 | -€37,450 | -27.0% |
| Deferred taxes | 168 | €138,753 | €101,304 | -€37,450 | -27.0% |
| Amounts payable | 17/49 | €2,319,275 | €4,313,980 | +€2.0m | +86.0% |
| Amounts payable after more than one year | 17 | €1,019,269 | €0 | -€1.0m | -100.0% |
| Financial debts | 170/4 | €1,019,269 | €0 | -€1.0m | -100.0% |
| Amounts payable within one year | 42/48 | €1,295,601 | €4,309,177 | +€3.0m | +232.6% |
| Current portion of amounts payable after more than one year | 42 | €279,213 | €0 | -€279,213 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €731,217 | €3,755,420 | +€3.0m | +413.6% |
| Suppliers | 440/4 | €731,217 | €3,755,420 | +€3.0m | +413.6% |
| Taxes, remuneration and social security | 45 | €161,523 | €553,757 | +€392,234 | +242.8% |
| Taxes | 450/3 | €133,668 | €527,035 | +€393,367 | +294.3% |
| Remuneration and social security | 454/9 | €27,856 | €26,722 | -€1,133 | -4.1% |
| Other amounts payable | 47/48 | €123,648 | €0 | -€123,648 | -100.0% |
| Accrued charges and deferred income | 492/3 | €4,405 | €4,803 | +€398 | +9.0% |
| Remuneration, social security and pensions | 62 | €195,003 | €194,124 | -€879 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €613,266 | €629,374 | +€16,108 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €350 | €18,967 | +€18,617 | +5324.4% |
| Other operating charges | 640/8 | €3,781 | €3,208 | -€573 | -15.1% |
| Non-recurring operating charges | 66A | €5,962 | €0 | -€5,962 | -100.0% |
| Gross operating margin | 9900 | €2,697,121 | €6,556,712 | +€3.9m | +143.1% |
| Operating profit (loss) | 9901 | €1,878,760 | €5,711,039 | +€3.8m | +204.0% |
| Financial income | 75/76B | €290,865 | €230,416 | -€60,449 | -20.8% |
| Recurring financial income | 75 | €290,865 | €230,416 | -€60,449 | -20.8% |
| Financial charges | 65/66B | €35,004 | €39,345 | +€4,340 | +12.4% |
| Recurring financial charges | 65 | €35,004 | €39,345 | +€4,340 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €2,134,620 | €5,902,110 | +€3.8m | +176.5% |
| Transfer from deferred taxes | 780 | €37,450 | €37,450 | = | 0.0% |
| Income taxes | 67/77 | €525,481 | €1,498,048 | +€972,567 | +185.1% |
| Profit (loss) for the period | 9904 | €1,646,588 | €4,441,512 | +€2.8m | +169.7% |
| Transfer from tax-exempt reserves | 789 | €31,396 | €239,321 | +€207,925 | +662.3% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,677,984 | €4,680,833 | +€3.0m | +179.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.