DRL: 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.
DRL
Largest movements
- Tangible fixed assets +€53,814
up €53,814 (+102.4%), from €52,551 to €106,366
of which Leasing and similar rights: +€48,068
- Receivables within one year +€35,433
up €35,433 (+62.0%), from €57,127 to €92,560
of which Trade receivables: +€40,230
- Cash +€8,015
new in 2025: €8,015
mainly Depreciation (+€46,450) and Trade debts (+€41,837)
- Deferred charges and accrued income +€4,517
up €4,517 (+91.9%), from €4,916 to €9,433
- Stocks and contracts -€2,672
down €2,672 (-16.4%), from €16,312 to €13,640
- Trade debts +€41,837
up €41,837 (+145.0%), from €28,853 to €70,690
- Debts after one year +€29,630
new in 2025: €29,630
- Profit (loss) carried forward +€10,836
no longer reported in 2025 (was -€10,836)
- Current portion of long-term debt +€8,157
up €8,157 (+80.6%), from €10,120 to €18,277
- Tax, wage and social debts +€6,229
up €6,229 (+49.0%), from €12,706 to €18,934
of which Remuneration and social security: +€7,870
- Gross operating margin +€95,115
up €95,115 (+66.6%), from €142,746 to €237,861
- Staff costs +€79,519
up €79,519 (+101.8%), from €78,100 to €157,619
- Depreciation +€17,320
up €17,320 (+59.5%), from €29,130 to €46,450
- Other operating charges -€7,114
down €7,114 (-32.6%), from €21,852 to €14,738
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 | €132,792 | €231,364 | +€98,572 | +74.2% |
| Fixed assets | 21/28 | €54,437 | €107,716 | +€53,279 | +97.9% |
| Intangible fixed assets | 21 | €535 | - | -€535 | |
| Tangible fixed assets | 22/27 | €52,551 | €106,366 | +€53,814 | +102.4% |
| Plant, machinery and equipment | 23 | €2,281 | €1,689 | -€592 | -25.9% |
| Furniture and vehicles | 24 | €32,054 | €38,392 | +€6,338 | +19.8% |
| Leasing and similar rights | 25 | €18,216 | €66,284 | +€48,068 | +263.9% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €78,355 | €123,648 | +€45,293 | +57.8% |
| Stocks and contracts in progress | 3 | €16,312 | €13,640 | -€2,672 | -16.4% |
| Stocks | 30/36 | €16,312 | €13,640 | -€2,672 | -16.4% |
| Amounts receivable within one year | 40/41 | €57,127 | €92,560 | +€35,433 | +62.0% |
| Trade receivables | 40 | €45,985 | €86,216 | +€40,230 | +87.5% |
| Other amounts receivable | 41 | €11,142 | €6,344 | -€4,798 | -43.1% |
| Cash at bank and in hand | 54/58 | - | €8,015 | +€8,015 | |
| Deferred charges and accrued income | 490/1 | €4,916 | €9,433 | +€4,517 | +91.9% |
| Total equity and liabilities | 10/49 | €132,792 | €231,364 | +€98,572 | +74.2% |
| Equity | 10/15 | €32,152 | €41,310 | +€9,157 | +28.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,388 | €22,710 | -€1,678 | -6.9% |
| Distributable reserves | 133 | €24,388 | €22,710 | -€1,678 | -6.9% |
| Profit (loss) carried forward | 14 | -€10,836 | - | +€10,836 | |
| Amounts payable | 17/49 | €100,640 | €190,054 | +€89,415 | +88.8% |
| Amounts payable after more than one year | 17 | - | €29,630 | +€29,630 | |
| Financial debts | 170/4 | - | €29,630 | +€29,630 | |
| Amounts payable within one year | 42/48 | €100,640 | €160,425 | +€59,785 | +59.4% |
| Current portion of amounts payable after more than one year | 42 | €10,120 | €18,277 | +€8,157 | +80.6% |
| Financial debts | 43 | €48,401 | €52,523 | +€4,122 | +8.5% |
| Credit institutions | 430/8 | €48,401 | €52,523 | +€4,122 | +8.5% |
| Trade debts | 44 | €28,853 | €70,690 | +€41,837 | +145.0% |
| Suppliers | 440/4 | €28,853 | €70,690 | +€41,837 | +145.0% |
| Advances received on contracts in progress | 46 | €560 | - | -€560 | |
| Taxes, remuneration and social security | 45 | €12,706 | €18,934 | +€6,229 | +49.0% |
| Taxes | 450/3 | €9,260 | €7,619 | -€1,641 | -17.7% |
| Remuneration and social security | 454/9 | €3,445 | €11,315 | +€7,870 | +228.4% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €78,100 | €157,619 | +€79,519 | +101.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,130 | €46,450 | +€17,320 | +59.5% |
| Other operating charges | 640/8 | €21,852 | €14,738 | -€7,114 | -32.6% |
| Gross operating margin | 9900 | €142,746 | €237,861 | +€95,115 | +66.6% |
| Operating profit (loss) | 9901 | €13,664 | €19,053 | +€5,390 | +39.4% |
| Financial income | 75/76B | €472 | €86 | -€386 | -81.8% |
| Recurring financial income | 75 | €472 | €86 | -€386 | -81.8% |
| Financial charges | 65/66B | €4,430 | €6,280 | +€1,850 | +41.8% |
| Recurring financial charges | 65 | €4,430 | €6,280 | +€1,850 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €9,706 | €12,860 | +€3,154 | +32.5% |
| Income taxes | 67/77 | €3,964 | €3,702 | -€262 | -6.6% |
| Profit (loss) for the period | 9904 | €5,742 | €9,157 | +€3,415 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,742 | €9,157 | +€3,415 | +59.5% |
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 4 October 2026 via checked.be.