DRIVEX: 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.
DRIVEX
Largest movements
- Receivables within one year -€634,402
down €634,402 (-52.6%), from €1.2m to €571,059
of which Trade receivables: -€634,402
- Intangible fixed assets -€82,307
down €82,307 (-36.5%), from €225,310 to €143,003
- Cash -€25,714
down €25,714 (-36.5%), from €70,467 to €44,753
mainly Contributions, distributions and other (-€500,000) and Net result for the year (-€130,315)
- Reserves -€500,000
down €500,000 (-90.4%), from €552,947 to €52,947
of which Distributable reserves: -€500,000
- Profit (loss) carried forward -€130,315
down €130,315, from €0 to -€130,315
- Other debts -€75,000
down €75,000 (-50.0%), from €150,000 to €75,000
- Short-term financial debts -€45,604
down €45,604 (-100.0%), from €45,604 to €0
- Trade debts +€25,840
up €25,840 (+5.5%), from €468,214 to €494,054
- Gross operating margin -€375,835
down €375,835 (-23.7%), from €1.6m to €1.2m
- Staff costs -€127,099
down €127,099 (-9.9%), from €1.3m to €1.2m
- Taxes -€60,596
down €60,596 (-89.7%), from €67,547 to €6,951
- Depreciation +€21,425
up €21,425 (+20.4%), from €105,141 to €126,565
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 | €1,513,235 | €767,674 | -€745,561 | -49.3% |
| Fixed assets | 21/28 | €237,307 | €151,862 | -€85,445 | -36.0% |
| Intangible fixed assets | 21 | €225,310 | €143,003 | -€82,307 | -36.5% |
| Tangible fixed assets | 22/27 | €11,997 | €8,859 | -€3,138 | -26.2% |
| Plant, machinery and equipment | 23 | €11,997 | €8,859 | -€3,138 | -26.2% |
| Current assets | 29/58 | €1,275,929 | €615,812 | -€660,116 | -51.7% |
| Amounts receivable within one year | 40/41 | €1,205,461 | €571,059 | -€634,402 | -52.6% |
| Trade receivables | 40 | €1,195,508 | €561,106 | -€634,402 | -53.1% |
| Other amounts receivable | 41 | €9,953 | €9,953 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,467 | €44,753 | -€25,714 | -36.5% |
| Total equity and liabilities | 10/49 | €1,513,235 | €767,674 | -€745,561 | -49.3% |
| Equity | 10/15 | €614,447 | -€15,868 | -€630,315 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €552,947 | €52,947 | -€500,000 | -90.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €546,797 | €46,797 | -€500,000 | -91.4% |
| Profit (loss) carried forward | 14 | €0 | -€130,315 | -€130,315 | |
| Amounts payable | 17/49 | €898,788 | €783,542 | -€115,246 | -12.8% |
| Amounts payable within one year | 42/48 | €898,788 | €783,542 | -€115,246 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €93,982 | €84,262 | -€9,719 | -10.3% |
| Financial debts | 43 | €45,604 | €0 | -€45,604 | -100.0% |
| Other loans | 439 | €45,604 | €0 | -€45,604 | -100.0% |
| Trade debts | 44 | €468,214 | €494,054 | +€25,840 | +5.5% |
| Suppliers | 440/4 | €468,214 | €494,054 | +€25,840 | +5.5% |
| Advances received on contracts in progress | 46 | €1,784 | €1,784 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €139,204 | €128,442 | -€10,762 | -7.7% |
| Taxes | 450/3 | €24,758 | €29,012 | +€4,254 | +17.2% |
| Remuneration and social security | 454/9 | €114,446 | €99,429 | -€15,017 | -13.1% |
| Other amounts payable | 47/48 | €150,000 | €75,000 | -€75,000 | -50.0% |
| Remuneration, social security and pensions | 62 | €1,282,368 | €1,155,268 | -€127,099 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,141 | €126,565 | +€21,425 | +20.4% |
| Other operating charges | 640/8 | €25,315 | €20,468 | -€4,847 | -19.1% |
| Gross operating margin | 9900 | €1,586,603 | €1,210,768 | -€375,835 | -23.7% |
| Operating profit (loss) | 9901 | €173,780 | -€91,533 | -€265,313 | |
| Financial income | 75/76B | €274 | €0 | -€274 | -100.0% |
| Recurring financial income | 75 | €274 | €0 | -€274 | -100.0% |
| Financial charges | 65/66B | €24,659 | €31,831 | +€7,172 | +29.1% |
| Recurring financial charges | 65 | €24,659 | €31,831 | +€7,172 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €149,394 | -€123,364 | -€272,758 | |
| Income taxes | 67/77 | €67,547 | €6,951 | -€60,596 | -89.7% |
| Profit (loss) for the period | 9904 | €81,847 | -€130,315 | -€212,162 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,847 | -€130,315 | -€212,162 |
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.