DRIVE TIME: 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 TIME
Largest movements
- Receivables within one year -€255,473
down €255,473 (-83.5%), from €305,850 to €50,377
of which Trade receivables: -€255,473
- Cash +€126,961
up €126,961 (+1644.6%), from €7,720 to €134,681
mainly Short-term financial debts (+€500,000) and Receivables within one year (+€255,473)
- Stocks and contracts -€34,542
down €34,542 (-2.9%), from €1.2m to €1.1m
- Current portion of long-term debt -€506,667
no longer reported in 2025 (was €506,667)
- Short-term financial debts +€500,000
new in 2025: €500,000
- Other debts -€153,689
down €153,689 (-74.9%), from €205,159 to €51,470
- Tax, wage and social debts -€90,451
down €90,451 (-69.9%), from €129,478 to €39,027
of which Taxes: -€85,114
- Trade debts +€71,626
up €71,626 (+70.9%), from €101,003 to €172,629
- Gross operating margin -€61,147
down €61,147 (-25.5%), from €239,596 to €178,449
- Depreciation +€12,316
up €12,316 (+102.0%), from €12,072 to €24,388
- Staff costs +€8,418
up €8,418 (+17.7%), from €47,538 to €55,956
- Financial charges -€5,057
down €5,057 (-18.6%), from €27,217 to €22,160
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 | €1,590,343 | €1,422,237 | -€168,106 | -10.6% |
| Fixed assets | 21/28 | €95,198 | €84,263 | -€10,935 | -11.5% |
| Tangible fixed assets | 22/27 | €95,198 | €84,263 | -€10,935 | -11.5% |
| Plant, machinery and equipment | 23 | €5,050 | €5,914 | +€864 | +17.1% |
| Furniture and vehicles | 24 | €90,148 | €78,349 | -€11,799 | -13.1% |
| Current assets | 29/58 | €1,495,145 | €1,337,974 | -€157,171 | -10.5% |
| Stocks and contracts in progress | 3 | €1,179,254 | €1,144,712 | -€34,542 | -2.9% |
| Stocks | 30/36 | €1,179,254 | €1,144,712 | -€34,542 | -2.9% |
| Amounts receivable within one year | 40/41 | €305,850 | €50,377 | -€255,473 | -83.5% |
| Trade receivables | 40 | €304,508 | €49,035 | -€255,473 | -83.9% |
| Other amounts receivable | 41 | €1,342 | €1,342 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,720 | €134,681 | +€126,961 | +1644.6% |
| Deferred charges and accrued income | 490/1 | €2,321 | €8,204 | +€5,883 | +253.5% |
| Total equity and liabilities | 10/49 | €1,590,343 | €1,422,237 | -€168,106 | -10.6% |
| Equity | 10/15 | €488,036 | €494,111 | +€6,075 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,714 | €18,253 | +€4,539 | +33.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,854 | €16,393 | +€4,539 | +38.3% |
| Profit (loss) carried forward | 14 | €455,722 | €457,258 | +€1,536 | +0.3% |
| Amounts payable | 17/49 | €1,102,307 | €928,126 | -€174,181 | -15.8% |
| Amounts payable after more than one year | 17 | €160,000 | €165,000 | +€5,000 | +3.1% |
| Financial debts | 170/4 | €160,000 | €165,000 | +€5,000 | +3.1% |
| Amounts payable within one year | 42/48 | €942,307 | €763,126 | -€179,181 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €506,667 | - | -€506,667 | |
| Financial debts | 43 | - | €500,000 | +€500,000 | |
| Other loans | 439 | - | €500,000 | +€500,000 | |
| Trade debts | 44 | €101,003 | €172,629 | +€71,626 | +70.9% |
| Suppliers | 440/4 | €101,003 | €172,629 | +€71,626 | +70.9% |
| Taxes, remuneration and social security | 45 | €129,478 | €39,027 | -€90,451 | -69.9% |
| Taxes | 450/3 | €108,656 | €23,542 | -€85,114 | -78.3% |
| Remuneration and social security | 454/9 | €20,822 | €15,485 | -€5,337 | -25.6% |
| Other amounts payable | 47/48 | €205,159 | €51,470 | -€153,689 | -74.9% |
| Remuneration, social security and pensions | 62 | €47,538 | €55,956 | +€8,418 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,072 | €24,388 | +€12,316 | +102.0% |
| Other operating charges | 640/8 | €2,870 | €5,101 | +€2,231 | +77.7% |
| Non-recurring operating charges | 66A | €26,500 | - | -€26,500 | |
| Gross operating margin | 9900 | €239,596 | €178,449 | -€61,147 | -25.5% |
| Operating profit (loss) | 9901 | €150,616 | €93,004 | -€57,612 | -38.3% |
| Financial income | 75/76B | €801 | €2,076 | +€1,275 | +159.2% |
| Recurring financial income | 75 | €801 | €2,076 | +€1,275 | +159.2% |
| Financial charges | 65/66B | €27,217 | €22,160 | -€5,057 | -18.6% |
| Recurring financial charges | 65 | €27,217 | €22,160 | -€5,057 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €124,200 | €72,920 | -€51,280 | -41.3% |
| Income taxes | 67/77 | €23,559 | €21,384 | -€2,175 | -9.2% |
| Profit (loss) for the period | 9904 | €100,641 | €51,536 | -€49,105 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €100,641 | €51,536 | -€49,105 | -48.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.