DROWA AANHANGWAGENS: what changed
What changed
DROWA AANHANGWAGENS
NACE 29.202, Manufacture of motor vehicles, trailers and semi-trailers
filed annual accounts (NBB)
Net result for the year
€27,793
2025 · €27,261+€532
Equity
€299,866
2025 · €272,073+€27,793
Cash
€1,027
2025 · €3,698-€2,672
Balance sheet total
€337,950
2025 · €348,066-€10,116
Largest movements
Assets
- Receivables within one year -€9,984
down €9,984 (-4.9%), from €202,394 to €192,410
of which Trade receivables: -€12,818
Equity and liabilities
- Other debts -€36,565
down €36,565 (-88.3%), from €41,398 to €4,833
- Reserves +€27,793
up €27,793 (+109%), from €25,592 to €53,385
of which Distributable reserves: +€27,793
- Trade debts +€19,906
up €19,906 (+321%), from €6,204 to €26,110
- Tax, wage and social debts -€15,475
down €15,475 (-82.7%), from €18,722 to €3,246
- Debts after one year -€3,894
down €3,894 (-100%), from €3,894 to €0
Income statement
- Taxes -€4,892
down €4,892 (-30.9%), from €15,814 to €10,922
- Gross operating margin -€3,957
down €3,957 (-6.5%), from €61,155 to €57,199
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€27,261
Gross operating margin
-€3,957
Depreciation
-€503
Other operating charges
-€396
Financial income
+€283
Financial charges
+€212
Taxes
+€4,892
Result 2026
€27,793
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€15,678
Investment
-€12,574
Financing
-€5,776
Cash 2025
€3,698
From operations (derived)
+€15,678
Net result for the year
+€27,793
Depreciation
+€10,163
Receivables within one year
+€9,984
Deferred charges and accrued income
-€128
Trade debts
+€19,906
Tax, wage and social debts
-€15,475
Other debts
-€36,565
Investment (derived)
-€12,574
Investment in fixed assets (net)
-€12,574
Financing
-€5,776
Debts after one year
-€3,894
Current portion of long-term debt
-€1,882
Cash 2026
€1,027
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,066 | €337,950 | -€10,116 | -2.9% |
| Fixed assets | 21/28 | €136,492 | €138,903 | +€2,411 | +1.8% |
| Tangible fixed assets | 22/27 | €136,492 | €138,903 | +€2,411 | +1.8% |
| Land and buildings | 22 | €126,271 | €134,952 | +€8,681 | +6.9% |
| Furniture and vehicles | 24 | €10,220 | €3,951 | -€6,270 | -61.3% |
| Current assets | 29/58 | €211,574 | €199,047 | -€12,527 | -5.9% |
| Amounts receivable within one year | 40/41 | €202,394 | €192,410 | -€9,984 | -4.9% |
| Trade receivables | 40 | €18,868 | €6,050 | -€12,818 | -67.9% |
| Other amounts receivable | 41 | €183,526 | €186,360 | +€2,834 | +1.5% |
| Cash at bank and in hand | 54/58 | €3,698 | €1,027 | -€2,672 | -72.2% |
| Deferred charges and accrued income | 490/1 | €5,482 | €5,610 | +€128 | +2.3% |
| Total equity and liabilities | 10/49 | €348,066 | €337,950 | -€10,116 | -2.9% |
| Equity | 10/15 | €272,073 | €299,866 | +€27,793 | +10.2% |
| Contributions | 10/11 | €201,250 | €201,250 | = | 0.0% |
| Reserves | 13 | €25,592 | €53,385 | +€27,793 | +109% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €912 | €912 | = | 0.0% |
| Distributable reserves | 133 | €24,680 | €52,473 | +€27,793 | +113% |
| Profit (loss) carried forward | 14 | €45,231 | €45,231 | = | 0.0% |
| Amounts payable | 17/49 | €75,993 | €38,083 | -€37,909 | -49.9% |
| Amounts payable after more than one year | 17 | €3,894 | €0 | -€3,894 | -100% |
| Financial debts | 170/4 | €3,894 | €0 | -€3,894 | -100% |
| Amounts payable within one year | 42/48 | €72,099 | €38,083 | -€34,015 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €5,776 | €3,894 | -€1,882 | -32.6% |
| Trade debts | 44 | €6,204 | €26,110 | +€19,906 | +321% |
| Suppliers | 440/4 | €6,204 | €26,110 | +€19,906 | +321% |
| Taxes, remuneration and social security | 45 | €18,722 | €3,246 | -€15,475 | -82.7% |
| Taxes | 450/3 | €18,722 | €3,246 | -€15,475 | -82.7% |
| Other amounts payable | 47/48 | €41,398 | €4,833 | -€36,565 | -88.3% |
| Non-recurring operating income | 76A | €0 | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,660 | €10,163 | +€503 | +5.2% |
| Other operating charges | 640/8 | €8,177 | €8,573 | +€396 | +4.8% |
| Gross operating margin | 9900 | €61,155 | €57,199 | -€3,957 | -6.5% |
| Operating profit (loss) | 9901 | €43,319 | €38,464 | -€4,855 | -11.2% |
| Financial income | 75/76B | €707 | €990 | +€283 | +40.0% |
| Recurring financial income | 75 | €707 | €990 | +€283 | +40.0% |
| Financial charges | 65/66B | €951 | €739 | -€212 | -22.3% |
| Recurring financial charges | 65 | €951 | €739 | -€212 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €43,075 | €38,715 | -€4,360 | -10.1% |
| Income taxes | 67/77 | €15,814 | €10,922 | -€4,892 | -30.9% |
| Profit (loss) for the period | 9904 | €27,261 | €27,793 | +€532 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,261 | €27,793 | +€532 | +2.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.