DRO 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.
DRO PROJECTS
Largest movements
- Cash -€65,937
down €65,937 (-71.1%), from €92,769 to €26,832
mainly Contributions, distributions and other (-€233,062) and Trade debts (-€5,069)
- Tangible fixed assets -€17,731
down €17,731 (-39.7%), from €44,623 to €26,892
- Receivables within one year +€2,120
up €2,120 (+12.3%), from €17,250 to €19,370
of which Trade receivables: +€3,654
- Reserves -€131,853
down €131,853 (-99.5%), from €132,463 to €610
of which Distributable reserves: -€131,853
- Other debts +€52,542
up €52,542 (+6,788%), from €774 to €53,316
- Trade debts -€5,069
down €5,069 (-91.0%), from €5,573 to €504
- Tax, wage and social debts +€2,852
up €2,852 (+20.2%), from €14,090 to €16,942
- Gross operating margin +€5,787
up €5,787 (+4.0%), from €143,492 to €149,279
- Financial charges -€2,241
down €2,241 (-93.1%), from €2,408 to €167
- Taxes +€2,195
up €2,195 (+8.4%), from €26,137 to €28,332
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 | €160,400 | €78,992 | -€81,408 | -50.8% |
| Fixed assets | 21/28 | €44,623 | €26,892 | -€17,731 | -39.7% |
| Tangible fixed assets | 22/27 | €44,623 | €26,892 | -€17,731 | -39.7% |
| Furniture and vehicles | 24 | €44,623 | €26,892 | -€17,731 | -39.7% |
| Current assets | 29/58 | €115,777 | €52,100 | -€63,677 | -55.0% |
| Stocks and contracts in progress | 3 | €2,270 | €2,270 | = | 0.0% |
| Stocks | 30/36 | €2,270 | €2,270 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,250 | €19,370 | +€2,120 | +12.3% |
| Trade receivables | 40 | €15,716 | €19,370 | +€3,654 | +23.3% |
| Other amounts receivable | 41 | €1,534 | - | -€1,534 | |
| Cash at bank and in hand | 54/58 | €92,769 | €26,832 | -€65,937 | -71.1% |
| Deferred charges and accrued income | 490/1 | €3,488 | €3,628 | +€140 | +4.0% |
| Total equity and liabilities | 10/49 | €160,400 | €78,992 | -€81,408 | -50.8% |
| Equity | 10/15 | €139,963 | €8,110 | -€131,853 | -94.2% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €132,463 | €610 | -€131,853 | -99.5% |
| Tax-exempt reserves | 132 | €610 | €610 | = | 0.0% |
| Distributable reserves | 133 | €131,853 | - | -€131,853 | |
| Amounts payable | 17/49 | €20,437 | €70,882 | +€50,445 | +247% |
| Amounts payable within one year | 42/48 | €20,437 | €70,762 | +€50,325 | +246% |
| Trade debts | 44 | €5,573 | €504 | -€5,069 | -91.0% |
| Suppliers | 440/4 | €5,573 | €504 | -€5,069 | -91.0% |
| Taxes, remuneration and social security | 45 | €14,090 | €16,942 | +€2,852 | +20.2% |
| Taxes | 450/3 | €14,090 | €16,942 | +€2,852 | +20.2% |
| Other amounts payable | 47/48 | €774 | €53,316 | +€52,542 | +6,788% |
| Accrued charges and deferred income | 492/3 | - | €120 | +€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,376 | €18,581 | +€205 | +1.1% |
| Other operating charges | 640/8 | €1,084 | €990 | -€94 | -8.7% |
| Gross operating margin | 9900 | €143,492 | €149,279 | +€5,787 | +4.0% |
| Operating profit (loss) | 9901 | €124,032 | €129,708 | +€5,676 | +4.6% |
| Financial charges | 65/66B | €2,408 | €167 | -€2,241 | -93.1% |
| Recurring financial charges | 65 | €2,408 | €167 | -€2,241 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | €121,624 | €129,541 | +€7,917 | +6.5% |
| Income taxes | 67/77 | €26,137 | €28,332 | +€2,195 | +8.4% |
| Profit (loss) for the period | 9904 | €95,487 | €101,209 | +€5,722 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,487 | €101,209 | +€5,722 | +6.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.