DRS INVESTMENTS: what changed
What changed
DRS INVESTMENTS
filed annual accounts (NBB)
Net result for the year
-€47,871
2024 · -€2,934-€44,936
Equity
-€35,805
2024 · €12,066-€47,871
Cash
€60,665
2024 · €38,993+€21,672
Balance sheet total
€1.2m
2024 · €1.1m+€124,168
Largest movements
Assets
- Stocks and contracts +€114,333
up €114,333 (+11.0%), from €1.0m to €1.2m
- Cash +€21,672
up €21,672 (+55.6%), from €38,993 to €60,665
mainly Short-term financial debts (+€95,000) and Debts after one year (+€84,873)
Equity and liabilities
- Short-term financial debts +€95,000
up €95,000 (+20.9%), from €455,000 to €550,000
- Debts after one year +€84,873
up €84,873 (+13.6%), from €625,134 to €710,007
- Profit (loss) carried forward -€47,871
down €47,871 (-1,631%), from -€2,934 to -€50,805
Income statement
- Gross operating margin -€68,700
down €68,700, from €32,703 to -€35,997
- Financial charges -€25,430
down €25,430 (-81.5%), from €31,218 to €5,788
- Financial income -€1,249
down €1,249 (-100%), from €1,249 to €0
- Depreciation +€1,061
up €1,061 (+25.3%), from €4,189 to €5,250
- Other operating charges -€644
down €644 (-43.5%), from €1,479 to €835
Change in the result, 2024 to 2025
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 2024
-€2,934
Gross operating margin
-€68,700
Depreciation
-€1,061
Other operating charges
+€644
Financial income
-€1,249
Financial charges
+€25,430
Result 2025
-€47,871
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€151,901
Investment
-€3,908
Financing
+€177,481
Cash 2024
€38,993
From operations (derived)
-€151,901
Net result for the year
-€47,871
Depreciation
+€5,250
Stocks and contracts
-€114,333
Receivables within one year
+€10,495
Trade debts
-€5,570
Tax, wage and social debts
-€256
Other debts
+€384
Investment (derived)
-€3,908
Investment in fixed assets (net)
-€3,908
Financing
+€177,481
Debts after one year
+€84,873
Current portion of long-term debt
-€2,392
Short-term financial debts
+€95,000
Cash 2025
€60,665
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,108,040 | €1,232,207 | +€124,168 | +11.2% |
| Fixed assets | 21/28 | €19,361 | €18,019 | -€1,342 | -6.9% |
| Tangible fixed assets | 22/27 | €19,361 | €18,019 | -€1,342 | -6.9% |
| Plant, machinery and equipment | 23 | €760 | €522 | -€238 | -31.3% |
| Furniture and vehicles | 24 | €18,601 | €17,497 | -€1,104 | -5.9% |
| Current assets | 29/58 | €1,088,679 | €1,214,188 | +€125,510 | +11.5% |
| Stocks and contracts in progress | 3 | €1,037,586 | €1,151,919 | +€114,333 | +11.0% |
| Stocks | 30/36 | €1,037,586 | €1,151,919 | +€114,333 | +11.0% |
| Amounts receivable within one year | 40/41 | €12,100 | €1,605 | -€10,495 | -86.7% |
| Trade receivables | 40 | €12,100 | €0 | -€12,100 | -100% |
| Other amounts receivable | 41 | - | €1,605 | +€1,605 | |
| Cash at bank and in hand | 54/58 | €38,993 | €60,665 | +€21,672 | +55.6% |
| Total equity and liabilities | 10/49 | €1,108,040 | €1,232,207 | +€124,168 | +11.2% |
| Equity | 10/15 | €12,066 | -€35,805 | -€47,871 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,934 | -€50,805 | -€47,871 | -1,631% |
| Amounts payable | 17/49 | €1,095,974 | €1,268,012 | +€172,038 | +15.7% |
| Amounts payable after more than one year | 17 | €625,134 | €710,007 | +€84,873 | +13.6% |
| Financial debts | 170/4 | €625,134 | €710,007 | +€84,873 | +13.6% |
| Amounts payable within one year | 42/48 | €470,840 | €558,005 | +€87,166 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €2,392 | €0 | -€2,392 | -100% |
| Financial debts | 43 | €455,000 | €550,000 | +€95,000 | +20.9% |
| Credit institutions | 430/8 | €455,000 | €550,000 | +€95,000 | +20.9% |
| Trade debts | 44 | €7,791 | €2,222 | -€5,570 | -71.5% |
| Suppliers | 440/4 | €7,791 | €2,222 | -€5,570 | -71.5% |
| Taxes, remuneration and social security | 45 | €5,656 | €5,400 | -€256 | -4.5% |
| Taxes | 450/3 | €5,656 | €5,400 | -€256 | -4.5% |
| Other amounts payable | 47/48 | - | €384 | +€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,189 | €5,250 | +€1,061 | +25.3% |
| Other operating charges | 640/8 | €1,479 | €835 | -€644 | -43.5% |
| Gross operating margin | 9900 | €32,703 | -€35,997 | -€68,700 | |
| Operating profit (loss) | 9901 | €27,035 | -€42,083 | -€69,117 | |
| Financial income | 75/76B | €1,249 | €0 | -€1,249 | -100% |
| Recurring financial income | 75 | €1,249 | €0 | -€1,249 | -100% |
| Financial charges | 65/66B | €31,218 | €5,788 | -€25,430 | -81.5% |
| Recurring financial charges | 65 | €31,218 | €5,788 | -€25,430 | -81.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,934 | -€47,871 | -€44,936 | -1,531% |
| Profit (loss) for the period | 9904 | -€2,934 | -€47,871 | -€44,936 | -1,531% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,934 | -€47,871 | -€44,936 | -1,531% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.