DRL PROJECTS: 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.
DRL PROJECTS
Largest movements
- Receivables within one year -€16,617
no longer reported in 2025 (was €16,617)
of which Trade receivables: -€9,968
- Cash +€1,831
up €1,831 (+1.9%), from €95,587 to €97,418
mainly Receivables within one year (+€16,617) and Depreciation (+€20)
- Other debts -€11,118
no longer reported in 2025 (was €11,118)
- Tax, wage and social debts -€1,372
no longer reported in 2025 (was €1,372)
- Reserves -€1,214
down €1,214 (-3.7%), from €33,133 to €31,918
- Gross operating margin -€17,830
down €17,830, from €17,631 to -€199
- Financial charges -€11,173
down €11,173 (-97.3%), from €11,482 to €308
- Taxes -€1,279
down €1,279 (-93.2%), from €1,372 to €93
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.
Derived cash bridge
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 | €112,224 | €97,418 | -€14,805 | -13.2% |
| Fixed assets | 21/28 | €20 | - | -€20 | |
| Tangible fixed assets | 22/27 | €20 | - | -€20 | |
| Plant, machinery and equipment | 23 | €20 | - | -€20 | |
| Current assets | 29/58 | €112,204 | €97,418 | -€14,785 | -13.2% |
| Amounts receivable within one year | 40/41 | €16,617 | - | -€16,617 | |
| Trade receivables | 40 | €9,968 | - | -€9,968 | |
| Other amounts receivable | 41 | €6,649 | - | -€6,649 | |
| Cash at bank and in hand | 54/58 | €95,587 | €97,418 | +€1,831 | +1.9% |
| Total equity and liabilities | 10/49 | €112,224 | €97,418 | -€14,805 | -13.2% |
| Equity | 10/15 | €98,133 | €96,918 | -€1,214 | -1.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €33,133 | €31,918 | -€1,214 | -3.7% |
| Distributable reserves | 133 | €33,133 | €31,918 | -€1,214 | -3.7% |
| Amounts payable | 17/49 | €14,091 | €500 | -€13,591 | -96.5% |
| Amounts payable within one year | 42/48 | €14,091 | €500 | -€13,591 | -96.5% |
| Trade debts | 44 | €1,601 | €500 | -€1,101 | -68.8% |
| Suppliers | 440/4 | €1,601 | €500 | -€1,101 | -68.8% |
| Taxes, remuneration and social security | 45 | €1,372 | - | -€1,372 | |
| Taxes | 450/3 | €1,372 | - | -€1,372 | |
| Other amounts payable | 47/48 | €11,118 | - | -€11,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80 | €20 | -€59 | -74.8% |
| Other operating charges | 640/8 | €582 | €594 | +€12 | +2.0% |
| Gross operating margin | 9900 | €17,631 | -€199 | -€17,830 | |
| Operating profit (loss) | 9901 | €16,969 | -€813 | -€17,783 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €11,482 | €308 | -€11,173 | -97.3% |
| Recurring financial charges | 65 | €11,482 | €308 | -€11,173 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | €5,488 | -€1,122 | -€6,609 | |
| Income taxes | 67/77 | €1,372 | €93 | -€1,279 | -93.2% |
| Profit (loss) for the period | 9904 | €4,116 | -€1,214 | -€5,330 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,116 | -€1,214 | -€5,330 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.