DRL EXPRESS: 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
DRL EXPRESS
NACE 53.200, Other postal and courier activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€17,403
2024 · €107,373-€124,776
Equity
€727,101
2024 · €762,199-€35,098
Cash
€76,305
2024 · €82,846-€6,542
Balance sheet total
€1.3m
2024 · €1.3m-€65,758
Largest movements
Assets
- Tangible fixed assets -€55,504
down €55,504 (-6.9%), from €802,177 to €746,673
Equity and liabilities
- Trade debts +€48,724
up €48,724 (+75.0%), from €64,961 to €113,686
- Other debts -€41,816
down €41,816 (-63.5%), from €65,823 to €24,006
- Debts after one year -€26,666
down €26,666 (-8.7%), from €307,522 to €280,856
of which Financial debts: -€26,666
- Reserves -€24,839
down €24,839 (-5.4%), from €459,421 to €434,583
of which Distributable reserves: -€17,695
Income statement
- Gross operating margin -€121,828
down €121,828 (-29.2%), from €416,988 to €295,160
- Staff costs +€25,179
up €25,179 (+13.5%), from €185,892 to €211,070
- Taxes -€25,171
down €25,171 (-98.9%), from €25,452 to €282
- Other operating charges -€8,422
down €8,422 (-49.1%), from €17,141 to €8,719
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
€107,373
Gross operating margin
-€121,828
Staff costs
-€25,179
Depreciation
-€1,524
Other operating charges
+€8,422
Other operating items
-€13,039
Financial income
+€2,130
Financial charges
+€1,116
Taxes
+€25,171
Deferred taxes and other
-€45
Result 2025
-€17,403
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
+€69,725
Investment
-€19,786
Financing
-€56,482
Cash 2024
€82,846
From operations (derived)
+€69,725
Net result for the year
-€17,403
Depreciation
+€75,289
Receivables within one year
+€4,875
Deferred charges and accrued income
-€1,163
Provisions
-€2,381
Trade debts
+€48,724
Tax, wage and social debts
+€2,700
Other debts
-€41,816
Accrued charges and deferred income
+€900
Investment (derived)
-€19,786
Investment in fixed assets (net)
-€19,786
Financing
-€56,482
Debts after one year
-€26,666
Current portion of long-term debt
-€12,121
Contributions, distributions and other
-€17,695
Cash 2025
€76,305
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,326,628 | €1,260,870 | -€65,758 | -5.0% |
| Fixed assets | 21/28 | €854,641 | €799,137 | -€55,504 | -6.5% |
| Tangible fixed assets | 22/27 | €802,177 | €746,673 | -€55,504 | -6.9% |
| Land and buildings | 22 | €632,272 | €613,002 | -€19,270 | -3.0% |
| Plant, machinery and equipment | 23 | €2,332 | €1,749 | -€583 | -25.0% |
| Furniture and vehicles | 24 | €63,231 | €55,384 | -€7,847 | -12.4% |
| Leasing and similar rights | 25 | €12,117 | - | -€12,117 | |
| Other tangible fixed assets | 26 | €92,224 | €76,537 | -€15,687 | -17.0% |
| Financial fixed assets | 28 | €52,464 | €52,464 | = | 0.0% |
| Current assets | 29/58 | €471,988 | €461,733 | -€10,254 | -2.2% |
| Stocks and contracts in progress | 3 | €888 | €888 | = | 0.0% |
| Stocks | 30/36 | €888 | €888 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €360,077 | €355,202 | -€4,875 | -1.4% |
| Trade receivables | 40 | €310,428 | €270,553 | -€39,875 | -12.8% |
| Other amounts receivable | 41 | €49,649 | €84,648 | +€35,000 | +70.5% |
| Cash at bank and in hand | 54/58 | €82,846 | €76,305 | -€6,542 | -7.9% |
| Deferred charges and accrued income | 490/1 | €28,176 | €29,339 | +€1,163 | +4.1% |
| Total equity and liabilities | 10/49 | €1,326,628 | €1,260,870 | -€65,758 | -5.0% |
| Equity | 10/15 | €762,199 | €727,101 | -€35,098 | -4.6% |
| Contributions | 10/11 | €21,095 | €21,095 | = | 0.0% |
| Reserves | 13 | €459,421 | €434,583 | -€24,839 | -5.4% |
| Tax-exempt reserves | 132 | €91,704 | €84,560 | -€7,144 | -7.8% |
| Distributable reserves | 133 | €367,717 | €350,023 | -€17,695 | -4.8% |
| Profit (loss) carried forward | 14 | €281,683 | €271,424 | -€10,259 | -3.6% |
| Provisions and deferred taxes | 16 | €30,568 | €28,187 | -€2,381 | -7.8% |
| Deferred taxes | 168 | €30,568 | €28,187 | -€2,381 | -7.8% |
| Amounts payable | 17/49 | €533,861 | €505,582 | -€28,279 | -5.3% |
| Amounts payable after more than one year | 17 | €307,522 | €280,856 | -€26,666 | -8.7% |
| Financial debts | 170/4 | €302,142 | €275,476 | -€26,666 | -8.8% |
| Other amounts payable | 178/9 | €5,380 | €5,380 | = | 0.0% |
| Amounts payable within one year | 42/48 | €226,339 | €223,826 | -€2,513 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €54,037 | €41,916 | -€12,121 | -22.4% |
| Trade debts | 44 | €64,961 | €113,686 | +€48,724 | +75.0% |
| Suppliers | 440/4 | €64,961 | €113,686 | +€48,724 | +75.0% |
| Taxes, remuneration and social security | 45 | €41,518 | €44,218 | +€2,700 | +6.5% |
| Taxes | 450/3 | €13,507 | €6,751 | -€6,756 | -50.0% |
| Remuneration and social security | 454/9 | €28,011 | €37,467 | +€9,457 | +33.8% |
| Other amounts payable | 47/48 | €65,823 | €24,006 | -€41,816 | -63.5% |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Non-recurring operating income | 76A | - | €2,908 | +€2,908 | |
| Remuneration, social security and pensions | 62 | €185,892 | €211,070 | +€25,179 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,766 | €75,289 | +€1,524 | +2.1% |
| Other operating charges | 640/8 | €17,141 | €8,719 | -€8,422 | -49.1% |
| Non-recurring operating charges | 66A | - | €13,039 | +€13,039 | |
| Gross operating margin | 9900 | €416,988 | €295,160 | -€121,828 | -29.2% |
| Operating profit (loss) | 9901 | €140,190 | -€12,958 | -€153,147 | |
| Financial income | 75/76B | €1,048 | €3,178 | +€2,130 | +203.2% |
| Recurring financial income | 75 | €1,048 | €3,178 | +€2,130 | +203.2% |
| Financial charges | 65/66B | €10,840 | €9,723 | -€1,116 | -10.3% |
| Recurring financial charges | 65 | €10,840 | €9,723 | -€1,116 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €130,398 | -€19,503 | -€149,901 | |
| Transfer from deferred taxes | 780 | €2,427 | €2,381 | -€45 | -1.9% |
| Income taxes | 67/77 | €25,452 | €282 | -€25,171 | -98.9% |
| Profit (loss) for the period | 9904 | €107,373 | -€17,403 | -€124,776 | |
| Transfer from tax-exempt reserves | 789 | €7,280 | €7,144 | -€136 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €114,653 | -€10,259 | -€124,912 |
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 5 October 2026 via checked.be.