DRSDewael: 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.
DRSDewael
Largest movements
- Receivables within one year +€12,397
up €12,397 (+15.6%), from €79,434 to €91,831
of which Other amounts receivable: +€67,679
- Tangible fixed assets -€9,626
down €9,626 (-21.6%), from €44,573 to €34,948
of which Furniture and vehicles: -€9,106
- Reserves +€94,674
up €94,674 (+80.9%), from €117,007 to €211,681
- Tax, wage and social debts -€48,550
down €48,550 (-60.7%), from €79,921 to €31,372
- Trade debts -€47,350
down €47,350 (-95.3%), from €49,671 to €2,322
- Other debts +€11,165
new in 2025: €11,165
- Debts after one year -€6,741
down €6,741 (-59.3%), from €11,365 to €4,624
- Gross operating margin +€16,551
up €16,551 (+13.7%), from €120,820 to €137,371
- Depreciation +€6,071
up €6,071 (+171%), from €3,555 to €9,626
- Other operating charges +€4,606
up €4,606 (+373%), from €1,236 to €5,842
- Taxes +€1,958
up €1,958 (+7.5%), from €26,242 to €28,200
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 | €268,662 | €272,727 | +€4,065 | +1.5% |
| Fixed assets | 21/28 | €44,573 | €34,948 | -€9,626 | -21.6% |
| Tangible fixed assets | 22/27 | €44,573 | €34,948 | -€9,626 | -21.6% |
| Plant, machinery and equipment | 23 | €2,477 | €1,957 | -€520 | -21.0% |
| Furniture and vehicles | 24 | €42,096 | €32,990 | -€9,106 | -21.6% |
| Current assets | 29/58 | €224,089 | €237,780 | +€13,691 | +6.1% |
| Amounts receivable within one year | 40/41 | €79,434 | €91,831 | +€12,397 | +15.6% |
| Trade receivables | 40 | €55,282 | €0 | -€55,282 | -100% |
| Other amounts receivable | 41 | €24,152 | €91,831 | +€67,679 | +280% |
| Cash at bank and in hand | 54/58 | €143,155 | €142,988 | -€166 | -0.1% |
| Deferred charges and accrued income | 490/1 | €1,500 | €2,961 | +€1,461 | +97.4% |
| Total equity and liabilities | 10/49 | €268,662 | €272,727 | +€4,065 | +1.5% |
| Equity | 10/15 | €120,007 | €214,681 | +€94,674 | +78.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €117,007 | €211,681 | +€94,674 | +80.9% |
| Distributable reserves | 133 | €117,007 | €211,681 | +€94,674 | +80.9% |
| Amounts payable | 17/49 | €148,655 | €58,046 | -€90,609 | -61.0% |
| Amounts payable after more than one year | 17 | €11,365 | €4,624 | -€6,741 | -59.3% |
| Financial debts | 170/4 | €11,365 | €4,624 | -€6,741 | -59.3% |
| Amounts payable within one year | 42/48 | €137,291 | €53,422 | -€83,868 | -61.1% |
| Current portion of amounts payable after more than one year | 42 | €6,514 | €6,741 | +€227 | +3.5% |
| Financial debts | 43 | €1,184 | €1,824 | +€640 | +54.0% |
| Credit institutions | 430/8 | €1,184 | €1,824 | +€640 | +54.0% |
| Trade debts | 44 | €49,671 | €2,322 | -€47,350 | -95.3% |
| Suppliers | 440/4 | €49,671 | €2,322 | -€47,350 | -95.3% |
| Taxes, remuneration and social security | 45 | €79,921 | €31,372 | -€48,550 | -60.7% |
| Taxes | 450/3 | €79,921 | €31,372 | -€48,550 | -60.7% |
| Other amounts payable | 47/48 | - | €11,165 | +€11,165 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,555 | €9,626 | +€6,071 | +171% |
| Other operating charges | 640/8 | €1,236 | €5,842 | +€4,606 | +373% |
| Gross operating margin | 9900 | €120,820 | €137,371 | +€16,551 | +13.7% |
| Operating profit (loss) | 9901 | €116,029 | €121,903 | +€5,874 | +5.1% |
| Financial income | 75/76B | €1,336 | €1,857 | +€521 | +39.0% |
| Recurring financial income | 75 | €1,336 | €1,857 | +€521 | +39.0% |
| Financial charges | 65/66B | €528 | €886 | +€357 | +67.6% |
| Recurring financial charges | 65 | €528 | €886 | +€357 | +67.6% |
| Profit (loss) for the period before taxes | 9903 | €116,837 | €122,874 | +€6,037 | +5.2% |
| Income taxes | 67/77 | €26,242 | €28,200 | +€1,958 | +7.5% |
| Profit (loss) for the period | 9904 | €90,595 | €94,674 | +€4,079 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €90,595 | €94,674 | +€4,079 | +4.5% |
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 15 October 2026 via checked.be.