Drouguet Soudage: 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.
Drouguet Soudage
Largest movements
- Cash -€181,046
down €181,046 (-42.8%), from €423,368 to €242,322
mainly Contributions, distributions and other (-€363,400) and Investment in fixed assets (net) (-€91,801)
- Receivables within one year +€55,152
up €55,152 (+15.3%), from €360,747 to €415,899
of which Other amounts receivable: +€88,336
- Stocks and contracts +€51,104
up €51,104 (+32.0%), from €159,545 to €210,649
- Tangible fixed assets +€48,236
up €48,236 (+41.7%), from €115,571 to €163,807
of which Furniture and vehicles: +€64,261
- Reserves -€132,400
down €132,400 (-15.0%), from €884,388 to €751,988
- Trade debts +€62,404
up €62,404 (+59.2%), from €105,356 to €167,759
- Debts after one year +€40,059
new in 2025: €40,059
- Current portion of long-term debt +€11,528
new in 2025: €11,528
- Gross operating margin +€171,458
up €171,458 (+30.9%), from €554,898 to €726,355
- Taxes +€30,258
up €30,258 (+53.3%), from €56,767 to €87,025
- Staff costs +€23,707
up €23,707 (+7.1%), from €331,603 to €355,311
- Depreciation -€14,670
down €14,670 (-25.2%), from €58,234 to €43,565
- Financial charges +€8,506
up €8,506 (+112%), from €7,619 to €16,125
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 | €1,069,390 | €1,042,379 | -€27,011 | -2.5% |
| Fixed assets | 21/28 | €117,695 | €165,931 | +€48,236 | +41.0% |
| Tangible fixed assets | 22/27 | €115,571 | €163,807 | +€48,236 | +41.7% |
| Land and buildings | 22 | €34,153 | €30,728 | -€3,425 | -10.0% |
| Furniture and vehicles | 24 | €38,667 | €102,928 | +€64,261 | +166% |
| Other tangible fixed assets | 26 | €42,752 | €30,151 | -€12,600 | -29.5% |
| Financial fixed assets | 28 | €2,124 | €2,124 | = | 0.0% |
| Current assets | 29/58 | €951,695 | €876,448 | -€75,248 | -7.9% |
| Stocks and contracts in progress | 3 | €159,545 | €210,649 | +€51,104 | +32.0% |
| Stocks | 30/36 | €159,545 | €210,649 | +€51,104 | +32.0% |
| Amounts receivable within one year | 40/41 | €360,747 | €415,899 | +€55,152 | +15.3% |
| Trade receivables | 40 | €353,765 | €320,581 | -€33,184 | -9.4% |
| Other amounts receivable | 41 | €6,982 | €95,318 | +€88,336 | +1,265% |
| Cash at bank and in hand | 54/58 | €423,368 | €242,322 | -€181,046 | -42.8% |
| Deferred charges and accrued income | 490/1 | €8,035 | €7,578 | -€458 | -5.7% |
| Total equity and liabilities | 10/49 | €1,069,390 | €1,042,379 | -€27,011 | -2.5% |
| Equity | 10/15 | €893,121 | €759,822 | -€133,299 | -14.9% |
| Contributions | 10/11 | €7,824 | €7,824 | = | 0.0% |
| Reserves | 13 | €884,388 | €751,988 | -€132,400 | -15.0% |
| Distributable reserves | 133 | €884,388 | €751,988 | -€132,400 | -15.0% |
| Profit (loss) carried forward | 14 | €909 | €10 | -€899 | -98.9% |
| Amounts payable | 17/49 | €176,269 | €282,557 | +€106,287 | +60.3% |
| Amounts payable after more than one year | 17 | - | €40,059 | +€40,059 | |
| Financial debts | 170/4 | - | €40,059 | +€40,059 | |
| Amounts payable within one year | 42/48 | €176,269 | €242,498 | +€66,228 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,528 | +€11,528 | |
| Trade debts | 44 | €105,356 | €167,759 | +€62,404 | +59.2% |
| Suppliers | 440/4 | €105,356 | €167,759 | +€62,404 | +59.2% |
| Taxes, remuneration and social security | 45 | €69,182 | €63,210 | -€5,972 | -8.6% |
| Taxes | 450/3 | €26,665 | €21,669 | -€4,995 | -18.7% |
| Remuneration and social security | 454/9 | €42,518 | €41,541 | -€977 | -2.3% |
| Other amounts payable | 47/48 | €1,731 | €0 | -€1,731 | -100% |
| Remuneration, social security and pensions | 62 | €331,603 | €355,311 | +€23,707 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,234 | €43,565 | -€14,670 | -25.2% |
| Other operating charges | 640/8 | €3,993 | €3,299 | -€694 | -17.4% |
| Gross operating margin | 9900 | €554,898 | €726,355 | +€171,458 | +30.9% |
| Operating profit (loss) | 9901 | €161,067 | €324,181 | +€163,115 | +101% |
| Financial income | 75/76B | €15,069 | €9,069 | -€5,999 | -39.8% |
| Recurring financial income | 75 | €15,069 | €9,069 | -€5,999 | -39.8% |
| Financial charges | 65/66B | €7,619 | €16,125 | +€8,506 | +112% |
| Recurring financial charges | 65 | €7,619 | €16,125 | +€8,506 | +112% |
| Profit (loss) for the period before taxes | 9903 | €168,516 | €317,126 | +€148,610 | +88.2% |
| Income taxes | 67/77 | €56,767 | €87,025 | +€30,258 | +53.3% |
| Profit (loss) for the period | 9904 | €111,750 | €230,101 | +€118,352 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €111,750 | €230,101 | +€118,352 | +106% |
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 24 October 2026 via checked.be.