DRSH: 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.
DRSH
Largest movements
- Intangible fixed assets -€28,000
down €28,000 (-16.1%), from €174,323 to €146,323
- Deferred charges and accrued income +€13,023
up €13,023 (+17.6%), from €74,101 to €87,124
- Cash -€11,853
down €11,853 (-81.2%), from €14,601 to €2,748
mainly Contributions, distributions and other (-€175,679) and Debts after one year (-€24,707)
- Receivables within one year -€5,000
down €5,000 (-89.1%), from €5,610 to €610
- Tangible fixed assets -€4,979
down €4,979 (-32.4%), from €15,345 to €10,367
of which Furniture and vehicles: -€3,388
- Other debts +€90,140
up €90,140 (+116.6%), from €77,280 to €167,419
- Reserves -€87,314
no longer reported in 2025 (was €87,314)
- Debts after one year -€24,707
down €24,707 (-42.6%), from €57,969 to €33,262
- Current portion of long-term debt -€20,686
down €20,686 (-45.6%), from €45,393 to €24,707
- Short-term financial debts +€10,555
new in 2025: €10,555
- Gross operating margin +€7,557
up €7,557 (+5.1%), from €148,834 to €156,391
- Other operating charges +€3,038
up €3,038 (+489.5%), from €621 to €3,659
- Taxes +€2,802
up €2,802 (+11.5%), from €24,390 to €27,193
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 | €283,979 | €247,171 | -€36,808 | -13.0% |
| Fixed assets | 21/28 | €189,668 | €156,689 | -€32,979 | -17.4% |
| Intangible fixed assets | 21 | €174,323 | €146,323 | -€28,000 | -16.1% |
| Tangible fixed assets | 22/27 | €15,345 | €10,367 | -€4,979 | -32.4% |
| Plant, machinery and equipment | 23 | €2,855 | €1,264 | -€1,591 | -55.7% |
| Furniture and vehicles | 24 | €12,491 | €9,103 | -€3,388 | -27.1% |
| Current assets | 29/58 | €94,311 | €90,482 | -€3,829 | -4.1% |
| Amounts receivable within one year | 40/41 | €5,610 | €610 | -€5,000 | -89.1% |
| Other amounts receivable | 41 | €5,610 | €610 | -€5,000 | -89.1% |
| Cash at bank and in hand | 54/58 | €14,601 | €2,748 | -€11,853 | -81.2% |
| Deferred charges and accrued income | 490/1 | €74,101 | €87,124 | +€13,023 | +17.6% |
| Total equity and liabilities | 10/49 | €283,979 | €247,171 | -€36,808 | -13.0% |
| Equity | 10/15 | €90,314 | €3,000 | -€87,314 | -96.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €87,314 | - | -€87,314 | |
| Distributable reserves | 133 | €87,314 | - | -€87,314 | |
| Amounts payable | 17/49 | €193,666 | €244,171 | +€50,505 | +26.1% |
| Amounts payable after more than one year | 17 | €57,969 | €33,262 | -€24,707 | -42.6% |
| Financial debts | 170/4 | €57,969 | €33,262 | -€24,707 | -42.6% |
| Amounts payable within one year | 42/48 | €135,697 | €210,909 | +€75,212 | +55.4% |
| Current portion of amounts payable after more than one year | 42 | €45,393 | €24,707 | -€20,686 | -45.6% |
| Financial debts | 43 | - | €10,555 | +€10,555 | |
| Credit institutions | 430/8 | - | €10,555 | +€10,555 | |
| Trade debts | 44 | €3,614 | €2,988 | -€625 | -17.3% |
| Suppliers | 440/4 | €3,614 | €2,988 | -€625 | -17.3% |
| Taxes, remuneration and social security | 45 | €9,411 | €5,239 | -€4,172 | -44.3% |
| Taxes | 450/3 | €9,411 | €5,239 | -€4,172 | -44.3% |
| Other amounts payable | 47/48 | €77,280 | €167,419 | +€90,140 | +116.6% |
| Non-recurring operating income | 76A | €6,495 | - | -€6,495 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,427 | €32,979 | +€552 | +1.7% |
| Other operating charges | 640/8 | €621 | €3,659 | +€3,038 | +489.5% |
| Gross operating margin | 9900 | €148,834 | €156,391 | +€7,557 | +5.1% |
| Operating profit (loss) | 9901 | €115,787 | €119,754 | +€3,967 | +3.4% |
| Financial income | 75/76B | €0 | €9 | +€9 | +18480.0% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +18480.0% |
| Financial charges | 65/66B | €4,083 | €4,205 | +€121 | +3.0% |
| Recurring financial charges | 65 | €4,083 | €4,205 | +€121 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €111,704 | €115,559 | +€3,855 | +3.5% |
| Income taxes | 67/77 | €24,390 | €27,193 | +€2,802 | +11.5% |
| Profit (loss) for the period | 9904 | €87,314 | €88,366 | +€1,052 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €87,314 | €88,366 | +€1,052 | +1.2% |
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 29 September 2026 via checked.be.