DROGO MANAGEMENT: 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.
What changed
DROGO MANAGEMENT
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,938
2024 · €22,878-€14,940
Equity
€647,109
2024 · €628,322+€18,787
Cash
€23,971
2024 · €56,490-€32,519
Balance sheet total
€4.0m
2024 · €1.7m+€2.3m
Largest movements
Assets
- Financial fixed assets +€2.3m
up €2.3m (+377,750%), from €600 to €2.3m
- Receivables within one year -€96,988
down €96,988 (-32.1%), from €302,522 to €205,534
of which Other amounts receivable: -€70,000
- Receivables after one year +€87,000
up €87,000 (+116%), from €75,000 to €162,000
Equity and liabilities
- Debts after one year +€1.9m
up €1.9m (+208%), from €908,064 to €2.8m
- Current portion of long-term debt +€186,806
up €186,806 (+709%), from €26,339 to €213,145
- Other debts +€114,169
up €114,169 (+14,271%), from €800 to €114,969
- Trade debts +€64,407
up €64,407 (+534%), from €12,072 to €76,479
Income statement
- Gross operating margin -€201,414
down €201,414 (-99.0%), from €203,536 to €2,122
- Financial income +€107,278
up €107,278 (+1,724%), from €6,222 to €113,500
- Depreciation -€91,290
down €91,290 (-70.6%), from €129,354 to €38,065
- Financial charges +€31,413
up €31,413 (+189%), from €16,592 to €48,005
- Other operating charges -€28,826
down €28,826 (-75.3%), from €38,279 to €9,453
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
€22,878
Gross operating margin
-€201,414
Depreciation
+€91,290
Other operating charges
+€28,826
Financial income
+€107,278
Financial charges
-€31,413
Taxes
+€14,065
Deferred taxes and other
-€23,571
Result 2025
€7,938
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€231,606
Investment
-€2.4m
Financing
+€2.1m
Cash 2024
€56,490
From operations (derived)
+€231,606
Net result for the year
+€7,938
Depreciation
+€38,065
Receivables after one year
-€87,000
Receivables within one year
+€96,988
Smaller working-capital items
-€2,960
Trade debts
+€64,407
Other debts
+€114,169
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Financing
+€2.1m
Debts after one year
+€1.9m
Current portion of long-term debt
+€186,806
Contributions, distributions and other
+€10,849
Cash 2025
€23,971
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,746,852 | €4,020,277 | +€2.3m | +130% |
| Fixed assets | 21/28 | €1,303,323 | €3,615,467 | +€2.3m | +177% |
| Intangible fixed assets | 21 | €2,906 | €17,809 | +€14,903 | +513% |
| Tangible fixed assets | 22/27 | €1,299,817 | €1,330,558 | +€30,741 | +2.4% |
| Land and buildings | 22 | €1,158,127 | €1,125,235 | -€32,892 | -2.8% |
| Plant, machinery and equipment | 23 | €156 | €0 | -€156 | -100% |
| Furniture and vehicles | 24 | €137,575 | €171,361 | +€33,786 | +24.6% |
| Leasing and similar rights | 25 | - | €33,113 | +€33,113 | |
| Other tangible fixed assets | 26 | €3,959 | €848 | -€3,110 | -78.6% |
| Financial fixed assets | 28 | €600 | €2,267,100 | +€2.3m | +377,750% |
| Current assets | 29/58 | €443,529 | €404,810 | -€38,719 | -8.7% |
| Amounts receivable after more than one year | 29 | €75,000 | €162,000 | +€87,000 | +116% |
| Other amounts receivable | 291 | €75,000 | €162,000 | +€87,000 | +116% |
| Amounts receivable within one year | 40/41 | €302,522 | €205,534 | -€96,988 | -32.1% |
| Trade receivables | 40 | €96,676 | €69,688 | -€26,988 | -27.9% |
| Other amounts receivable | 41 | €205,846 | €135,846 | -€70,000 | -34.0% |
| Cash at bank and in hand | 54/58 | €56,490 | €23,971 | -€32,519 | -57.6% |
| Deferred charges and accrued income | 490/1 | €9,517 | €13,305 | +€3,788 | +39.8% |
| Total equity and liabilities | 10/49 | €1,746,852 | €4,020,277 | +€2.3m | +130% |
| Equity | 10/15 | €628,322 | €647,109 | +€18,787 | +3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €622,122 | €640,579 | +€18,457 | +3.0% |
| Tax-exempt reserves | 132 | €463,885 | €466,342 | +€2,457 | +0.5% |
| Distributable reserves | 133 | €158,237 | €174,237 | +€16,000 | +10.1% |
| Profit (loss) carried forward | 14 | - | €330 | +€330 | |
| Provisions and deferred taxes | 16 | €154,628 | €155,447 | +€819 | +0.5% |
| Deferred taxes | 168 | €154,628 | €155,447 | +€819 | +0.5% |
| Amounts payable | 17/49 | €963,902 | €3,217,720 | +€2.3m | +234% |
| Amounts payable after more than one year | 17 | €908,064 | €2,796,492 | +€1.9m | +208% |
| Financial debts | 170/4 | €908,064 | €2,796,492 | +€1.9m | +208% |
| Amounts payable within one year | 42/48 | €52,978 | €421,228 | +€368,251 | +695% |
| Current portion of amounts payable after more than one year | 42 | €26,339 | €213,145 | +€186,806 | +709% |
| Trade debts | 44 | €12,072 | €76,479 | +€64,407 | +534% |
| Suppliers | 440/4 | €12,072 | €76,479 | +€64,407 | +534% |
| Taxes, remuneration and social security | 45 | €13,767 | €16,635 | +€2,869 | +20.8% |
| Taxes | 450/3 | €13,767 | €14,260 | +€493 | +3.6% |
| Remuneration and social security | 454/9 | - | €2,375 | +€2,375 | |
| Other amounts payable | 47/48 | €800 | €114,969 | +€114,169 | +14,271% |
| Accrued charges and deferred income | 492/3 | €2,860 | - | -€2,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,354 | €38,065 | -€91,290 | -70.6% |
| Other operating charges | 640/8 | €38,279 | €9,453 | -€28,826 | -75.3% |
| Gross operating margin | 9900 | €203,536 | €2,122 | -€201,414 | -99.0% |
| Operating profit (loss) | 9901 | €35,903 | -€45,396 | -€81,299 | |
| Financial income | 75/76B | €6,222 | €113,500 | +€107,278 | +1,724% |
| Recurring financial income | 75 | €6,222 | €113,500 | +€107,278 | +1,724% |
| Financial charges | 65/66B | €16,592 | €48,005 | +€31,413 | +189% |
| Recurring financial charges | 65 | €16,592 | €48,005 | +€31,413 | +189% |
| Profit (loss) for the period before taxes | 9903 | €25,534 | €20,100 | -€5,434 | -21.3% |
| Transfer from deferred taxes | 780 | €11,903 | €4,605 | -€7,297 | -61.3% |
| Transfer to deferred taxes | 680 | - | €16,273 | +€16,273 | |
| Income taxes | 67/77 | €14,558 | €493 | -€14,065 | -96.6% |
| Profit (loss) for the period | 9904 | €22,878 | €7,938 | -€14,940 | -65.3% |
| Transfer from tax-exempt reserves | 789 | €35,708 | €13,816 | -€21,892 | -61.3% |
| Transfer to tax-exempt reserves | 689 | - | €5,424 | +€5,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,587 | €16,330 | -€42,257 | -72.1% |
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 13 October 2026 via checked.be.