DRM: 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.
DRM
Largest movements
- Receivables within one year -€677,467
down €677,467 (-78.9%), from €859,079 to €181,612
of which Trade receivables: -€688,241
- Tangible fixed assets -€558,161
down €558,161 (-40.2%), from €1.4m to €829,214
of which Furniture and vehicles: -€536,613
- Cash -€87,890
down €87,890 (-44.0%), from €199,716 to €111,827
mainly Trade debts (-€600,071) and Other debts (-€509,153)
- Trade debts -€600,071
down €600,071 (-81.2%), from €739,289 to €139,219
- Other debts -€509,153
down €509,153 (-71.5%), from €712,030 to €202,877
- Profit (loss) carried forward -€147,625
down €147,625 (-6.9%), from -€2.1m to -€2.3m
- Tax, wage and social debts -€76,605
down €76,605 (-88.9%), from €86,149 to €9,544
of which Taxes: -€75,455
- Gross operating margin -€491,124
down €491,124 (-94.5%), from €519,670 to €28,546
- Other operating charges +€125,285
up €125,285 (+6808.0%), from €1,840 to €127,125
- Depreciation -€13,133
down €13,133 (-21.3%), from €61,798 to €48,664
- Staff costs -€6,743
down €6,743 (-11.9%), from €56,888 to €50,145
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 | €3,460,751 | €2,134,309 | -€1.3m | -38.3% |
| Fixed assets | 21/28 | €1,401,434 | €840,352 | -€561,082 | -40.0% |
| Intangible fixed assets | 21 | €9,525 | €6,603 | -€2,921 | -30.7% |
| Tangible fixed assets | 22/27 | €1,387,374 | €829,214 | -€558,161 | -40.2% |
| Plant, machinery and equipment | 23 | €6,485 | €2,331 | -€4,154 | -64.1% |
| Furniture and vehicles | 24 | €1,129,728 | €593,115 | -€536,613 | -47.5% |
| Other tangible fixed assets | 26 | €251,162 | €233,768 | -€17,393 | -6.9% |
| Financial fixed assets | 28 | €4,535 | €4,535 | = | 0.0% |
| Current assets | 29/58 | €2,059,317 | €1,293,957 | -€765,360 | -37.2% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €859,079 | €181,612 | -€677,467 | -78.9% |
| Trade receivables | 40 | €858,676 | €170,435 | -€688,241 | -80.2% |
| Other amounts receivable | 41 | €403 | €11,177 | +€10,774 | +2671.1% |
| Cash at bank and in hand | 54/58 | €199,716 | €111,827 | -€87,890 | -44.0% |
| Deferred charges and accrued income | 490/1 | €522 | €518 | -€4 | -0.7% |
| Total equity and liabilities | 10/49 | €3,460,751 | €2,134,309 | -€1.3m | -38.3% |
| Equity | 10/15 | -€2,047,717 | -€2,195,341 | -€147,625 | -7.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,147,717 | -€2,295,341 | -€147,625 | -6.9% |
| Amounts payable | 17/49 | €5,508,468 | €4,329,650 | -€1.2m | -21.4% |
| Amounts payable after more than one year | 17 | €3,970,000 | €3,976,000 | +€6,000 | +0.2% |
| Financial debts | 170/4 | €3,970,000 | €3,970,000 | = | 0.0% |
| Other amounts payable | 178/9 | - | €6,000 | +€6,000 | |
| Amounts payable within one year | 42/48 | €1,538,468 | €353,650 | -€1.2m | -77.0% |
| Trade debts | 44 | €739,289 | €139,219 | -€600,071 | -81.2% |
| Suppliers | 440/4 | €739,289 | €139,219 | -€600,071 | -81.2% |
| Advances received on contracts in progress | 46 | €1,000 | €2,010 | +€1,010 | +101.0% |
| Taxes, remuneration and social security | 45 | €86,149 | €9,544 | -€76,605 | -88.9% |
| Taxes | 450/3 | €79,111 | €3,656 | -€75,455 | -95.4% |
| Remuneration and social security | 454/9 | €7,038 | €5,888 | -€1,150 | -16.3% |
| Other amounts payable | 47/48 | €712,030 | €202,877 | -€509,153 | -71.5% |
| Remuneration, social security and pensions | 62 | €56,888 | €50,145 | -€6,743 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,798 | €48,664 | -€13,133 | -21.3% |
| Other operating charges | 640/8 | €1,840 | €127,125 | +€125,285 | +6808.0% |
| Gross operating margin | 9900 | €519,670 | €28,546 | -€491,124 | -94.5% |
| Operating profit (loss) | 9901 | €399,144 | -€197,388 | -€596,533 | |
| Financial income | 75/76B | €50,867 | €50,745 | -€122 | -0.2% |
| Recurring financial income | 75 | €50,867 | €50,745 | -€122 | -0.2% |
| Financial charges | 65/66B | €4,533 | €981 | -€3,552 | -78.4% |
| Recurring financial charges | 65 | €4,533 | €981 | -€3,552 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | €445,478 | -€147,625 | -€593,103 | |
| Profit (loss) for the period | 9904 | €445,478 | -€147,625 | -€593,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €445,478 | -€147,625 | -€593,103 |
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 6 October 2026 via checked.be.