DRS 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.
DRS Projects
Largest movements
- Tangible fixed assets -€6,837
down €6,837 (-26.6%), from €25,705 to €18,868
of which Furniture and vehicles: -€4,717
- Receivables within one year +€6,718
up €6,718 (+18.0%), from €37,405 to €44,123
of which Other amounts receivable: +€20,304
- Cash +€3,176
up €3,176 (+73.1%), from €4,348 to €7,524
mainly Net result for the year (+€8,910) and Depreciation (+€7,542)
- Reserves +€8,910
up €8,910 (+25.0%), from €35,637 to €44,547
- Short-term financial debts +€5,194
up €5,194 (+108.4%), from €4,790 to €9,984
- Debts after one year -€4,984
down €4,984 (-32.0%), from €15,566 to €10,582
- Other debts -€4,218
down €4,218 (-100.0%), from €4,218 to €0
- Trade debts -€1,785
down €1,785 (-92.1%), from €1,937 to €152
- Gross operating margin -€15,297
down €15,297 (-33.3%), from €45,941 to €30,644
- Taxes +€11,748
up €11,748 (+886.0%), from €1,326 to €13,074
- Financial income +€561
up €561 (+4016.8%), from €14 to €575
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.
Cash bridge derived
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 | €67,457 | €70,648 | +€3,191 | +4.7% |
| Fixed assets | 21/28 | €25,705 | €18,868 | -€6,837 | -26.6% |
| Tangible fixed assets | 22/27 | €25,705 | €18,868 | -€6,837 | -26.6% |
| Plant, machinery and equipment | 23 | €4,631 | €2,511 | -€2,120 | -45.8% |
| Furniture and vehicles | 24 | €21,074 | €16,357 | -€4,717 | -22.4% |
| Current assets | 29/58 | €41,752 | €51,781 | +€10,028 | +24.0% |
| Amounts receivable within one year | 40/41 | €37,405 | €44,123 | +€6,718 | +18.0% |
| Trade receivables | 40 | €34,479 | €20,893 | -€13,586 | -39.4% |
| Other amounts receivable | 41 | €2,926 | €23,230 | +€20,304 | +694.0% |
| Cash at bank and in hand | 54/58 | €4,348 | €7,524 | +€3,176 | +73.1% |
| Deferred charges and accrued income | 490/1 | - | €134 | +€134 | |
| Total equity and liabilities | 10/49 | €67,457 | €70,648 | +€3,191 | +4.7% |
| Equity | 10/15 | €38,137 | €47,047 | +€8,910 | +23.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €35,637 | €44,547 | +€8,910 | +25.0% |
| Distributable reserves | 133 | €35,637 | €44,547 | +€8,910 | +25.0% |
| Amounts payable | 17/49 | €29,320 | €23,601 | -€5,718 | -19.5% |
| Amounts payable after more than one year | 17 | €15,566 | €10,582 | -€4,984 | -32.0% |
| Financial debts | 170/4 | €15,566 | €10,582 | -€4,984 | -32.0% |
| Amounts payable within one year | 42/48 | €13,754 | €13,019 | -€734 | -5.3% |
| Financial debts | 43 | €4,790 | €9,984 | +€5,194 | +108.4% |
| Credit institutions | 430/8 | €4,790 | €9,984 | +€5,194 | +108.4% |
| Trade debts | 44 | €1,937 | €152 | -€1,785 | -92.1% |
| Suppliers | 440/4 | €1,937 | €152 | -€1,785 | -92.1% |
| Taxes, remuneration and social security | 45 | €2,809 | €2,883 | +€74 | +2.6% |
| Taxes | 450/3 | €2,809 | €2,883 | +€74 | +2.6% |
| Other amounts payable | 47/48 | €4,218 | €0 | -€4,218 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,385 | €7,542 | +€157 | +2.1% |
| Other operating charges | 640/8 | €496 | €718 | +€222 | +44.7% |
| Gross operating margin | 9900 | €45,941 | €30,644 | -€15,297 | -33.3% |
| Operating profit (loss) | 9901 | €38,060 | €22,384 | -€15,676 | -41.2% |
| Financial income | 75/76B | €14 | €575 | +€561 | +4016.8% |
| Recurring financial income | 75 | €14 | €575 | +€561 | +4016.8% |
| Financial charges | 65/66B | €1,110 | €975 | -€135 | -12.2% |
| Recurring financial charges | 65 | €1,110 | €975 | -€135 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €36,963 | €21,984 | -€14,980 | -40.5% |
| Income taxes | 67/77 | €1,326 | €13,074 | +€11,748 | +886.0% |
| Profit (loss) for the period | 9904 | €35,637 | €8,910 | -€26,728 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,637 | €8,910 | -€26,728 | -75.0% |
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 11 October 2026 via checked.be.