DRSD: what changed
Two fiscal 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.
DRSD
Largest movements
- Cash +€35,131
up €35,131 (+40.0%), from €87,718 to €122,848
mainly Net result for the year (+€119,736) and Other debts (+€24,284)
- Receivables within one year -€8,014
down €8,014 (-23.2%), from €34,596 to €26,583
of which Trade receivables: -€6,447
- Tangible fixed assets -€1,941
down €1,941 (-14.8%), from €13,128 to €11,187
of which Plant, machinery and equipment: -€1,089
- Other debts +€24,284
up €24,284 (+21.1%), from €115,237 to €139,521
- Gross operating margin +€56,209
up €56,209 (+53.7%), from €104,734 to €160,943
- Taxes +€14,567
up €14,567 (+67.2%), from €21,667 to €36,234
- Financial charges -€3,540
down €3,540 (-97.9%), from €3,615 to €75
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 | €135,442 | €160,618 | +€25,176 | +18.6% |
| Fixed assets | 21/28 | €13,128 | €11,187 | -€1,941 | -14.8% |
| Tangible fixed assets | 22/27 | €13,128 | €11,187 | -€1,941 | -14.8% |
| Plant, machinery and equipment | 23 | €5,136 | €4,047 | -€1,089 | -21.2% |
| Furniture and vehicles | 24 | €7,993 | €7,140 | -€852 | -10.7% |
| Current assets | 29/58 | €122,314 | €149,431 | +€27,117 | +22.2% |
| Amounts receivable within one year | 40/41 | €34,596 | €26,583 | -€8,014 | -23.2% |
| Trade receivables | 40 | €26,263 | €19,816 | -€6,447 | -24.5% |
| Other amounts receivable | 41 | €8,333 | €6,766 | -€1,567 | -18.8% |
| Cash at bank and in hand | 54/58 | €87,718 | €122,848 | +€35,131 | +40.0% |
| Total equity and liabilities | 10/49 | €135,442 | €160,618 | +€25,176 | +18.6% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €116,842 | €142,018 | +€25,176 | +21.5% |
| Amounts payable within one year | 42/48 | €116,842 | €142,018 | +€25,176 | +21.5% |
| Trade debts | 44 | €941 | €2,497 | +€1,555 | +165.2% |
| Suppliers | 440/4 | €941 | €2,497 | +€1,555 | +165.2% |
| Taxes, remuneration and social security | 45 | €663 | €0 | -€663 | -100.0% |
| Taxes | 450/3 | €663 | €0 | -€663 | -100.0% |
| Other amounts payable | 47/48 | €115,237 | €139,521 | +€24,284 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,094 | €4,050 | +€956 | +30.9% |
| Other operating charges | 640/8 | €791 | €848 | +€58 | +7.3% |
| Gross operating margin | 9900 | €104,734 | €160,943 | +€56,209 | +53.7% |
| Operating profit (loss) | 9901 | €100,849 | €156,045 | +€55,195 | +54.7% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €3,615 | €75 | -€3,540 | -97.9% |
| Recurring financial charges | 65 | €3,615 | €75 | -€3,540 | -97.9% |
| Profit (loss) for the period before taxes | 9903 | €97,235 | €155,970 | +€58,735 | +60.4% |
| Income taxes | 67/77 | €21,667 | €36,234 | +€14,567 | +67.2% |
| Profit (loss) for the period | 9904 | €75,568 | €119,736 | +€44,168 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,568 | €119,736 | +€44,168 | +58.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.