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DRIVIT: 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.

What changed

DRIVIT

BE 0424.807.243
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,744
2024 · -€34,502+€47,246
Equity
€736,963
2024 · €724,220+€12,744
Cash
€85,649
2024 · €353,541-€267,893
Balance sheet total
€1.7m
2024 · €873,436+€794,539

Largest movements

2024 to 2025
Assets
  • Financial fixed assets +€1.1m

    up €1.1m (+96363.6%), from €1,100 to €1.1m

  • Cash -€267,893

    down €267,893 (-75.8%), from €353,541 to €85,649

    mainly Investment in fixed assets (net) (-€1.1m) and Receivables within one year (-€142,808)

  • Receivables within one year +€142,808

    up €142,808 (+123.7%), from €115,481 to €258,289

    of which Trade receivables: +€158,514

  • Stocks and contracts -€120,000

    down €120,000 (-99.2%), from €121,000 to €1,000

  • Tangible fixed assets -€21,095

    down €21,095 (-7.5%), from €279,466 to €258,371

Equity and liabilities
  • Debts after one year +€706,392

    new in 2025: €706,392

    of which Other amounts payable: +€450,000

  • Trade debts +€68,029

    up €68,029 (+117.6%), from €57,870 to €125,899

  • Current portion of long-term debt +€26,452

    new in 2025: €26,452

  • Other debts -€19,091

    down €19,091 (-31.4%), from €60,808 to €41,717

Income statement
  • Financial income -€496,828

    down €496,828 (-99.8%), from €497,923 to €1,094

    of which Non-recurring financial income: -€496,324

  • Write-downs -€215,461

    down €215,461, from €107,730 to -€107,730

  • Gross operating margin -€158,075

    down €158,075, from €107,654 to -€50,421

  • Financial charges +€13,454

    up €13,454 (+12664.5%), from €106 to €13,560

  • Other operating charges -€6,820

    down €6,820 (-38.3%), from €17,825 to €11,005

From the 2024 result to the 2025 result

effect on the 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 -€34,502
Gross operating margin -€158,075
Depreciation -€3,001
Write-downs +€215,461
Other operating charges +€6,820
Other operating items +€496,324
Financial income -€496,828
Financial charges -€13,454
Result 2025 €12,744

Cash bridge derived

cash 2024 to 2025

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 +€59,263
Investment -€1.1m
Financing +€732,844
Cash 2024 €353,541
Net result for the year +€12,744
Depreciation +€21,095
Stocks and contracts +€120,000
Receivables within one year -€142,808
Smaller working-capital items -€706
Trade debts +€68,029
Other debts -€19,091
Investment in fixed assets (net) -€1.1m
Debts after one year +€706,392
Current portion of long-term debt +€26,452
Cash 2025 €85,649
Every line side by side 53 lines
Line Code 2024 2025 Change %
Total assets 20/58 €873,436 €1,667,974 +€794,539 +91.0%
Fixed assets 21/28 €280,566 €1,319,471 +€1.0m +370.3%
Tangible fixed assets 22/27 €279,466 €258,371 -€21,095 -7.5%
Land and buildings 22 €241,319 €232,000 -€9,319 -3.9%
Plant, machinery and equipment 23 €8,450 €3,295 -€5,155 -61.0%
Furniture and vehicles 24 €27,461 €21,219 -€6,243 -22.7%
Other tangible fixed assets 26 €2,235 €1,857 -€378 -16.9%
Financial fixed assets 28 €1,100 €1,061,100 +€1.1m +96363.6%
Current assets 29/58 €592,869 €348,503 -€244,366 -41.2%
Stocks and contracts in progress 3 €121,000 €1,000 -€120,000 -99.2%
Stocks 30/36 €121,000 €1,000 -€120,000 -99.2%
Amounts receivable within one year 40/41 €115,481 €258,289 +€142,808 +123.7%
Trade receivables 40 €97,780 €256,294 +€158,514 +162.1%
Other amounts receivable 41 €17,701 €1,995 -€15,706 -88.7%
Cash at bank and in hand 54/58 €353,541 €85,649 -€267,893 -75.8%
Deferred charges and accrued income 490/1 €2,847 €3,565 +€718 +25.2%
Total equity and liabilities 10/49 €873,436 €1,667,974 +€794,539 +91.0%
Equity 10/15 €724,220 €736,963 +€12,744 +1.8%
Contributions 10/11 €1,180,000 €1,180,000 = 0.0%
Capital 10 €1,180,000 €1,180,000 = 0.0%
Issued capital 100 €1,180,000 €1,180,000 = 0.0%
Reserves 13 €478,850 €478,850 = 0.0%
Non-distributable reserves 130/1 €352,600 €352,600 = 0.0%
Legal reserve 130 €27,600 €27,600 = 0.0%
Reserves not available under the articles 1311 €325,000 €325,000 = 0.0%
Distributable reserves 133 €126,250 €126,250 = 0.0%
Profit (loss) carried forward 14 -€934,630 -€921,887 +€12,744 +1.4%
Amounts payable 17/49 €149,216 €931,011 +€781,795 +523.9%
Amounts payable after more than one year 17 - €706,392 +€706,392
Financial debts 170/4 - €256,392 +€256,392
Other amounts payable 178/9 - €450,000 +€450,000
Amounts payable within one year 42/48 €149,216 €224,619 +€75,403 +50.5%
Current portion of amounts payable after more than one year 42 - €26,452 +€26,452
Trade debts 44 €57,870 €125,899 +€68,029 +117.6%
Suppliers 440/4 €57,870 €125,899 +€68,029 +117.6%
Taxes, remuneration and social security 45 €30,538 €30,550 +€13 0.0%
Taxes 450/3 €30,538 €30,550 +€13 0.0%
Other amounts payable 47/48 €60,808 €41,717 -€19,091 -31.4%
Remuneration, social security and pensions 62 €0 - =
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €18,094 €21,095 +€3,001 +16.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 €107,730 -€107,730 -€215,461
Other operating charges 640/8 €17,825 €11,005 -€6,820 -38.3%
Non-recurring operating charges 66A €496,324 €0 -€496,324 -100.0%
Gross operating margin 9900 €107,654 -€50,421 -€158,075
Operating profit (loss) 9901 -€532,319 €25,209 +€557,528
Financial income 75/76B €497,923 €1,094 -€496,828 -99.8%
Recurring financial income 75 €1,599 €1,094 -€504 -31.5%
Non-recurring financial income 76B €496,324 €0 -€496,324 -100.0%
Financial charges 65/66B €106 €13,560 +€13,454 +12664.5%
Recurring financial charges 65 €106 €13,560 +€13,454 +12664.5%
Profit (loss) for the period before taxes 9903 -€34,502 €12,744 +€47,246
Profit (loss) for the period 9904 -€34,502 €12,744 +€47,246
Profit (loss) for the period to be appropriated 9905 -€34,502 €12,744 +€47,246

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 29 September 2026 via checked.be.