DRSL: 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.
DRSL
Largest movements
- Cash -€326,392
down €326,392 (-80.3%), from €406,237 to €79,844
mainly Contributions, distributions and other (-€923,373) and Receivables within one year (-€320,128)
- Receivables within one year +€320,128
up €320,128, from €0 to €320,128
of which Other amounts receivable: +€194,579
- Financial fixed assets -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Deferred charges and accrued income -€55,931
down €55,931 (-90.4%), from €61,872 to €5,941
- Tangible fixed assets -€9,343
down €9,343 (-33.1%), from €28,199 to €18,855
of which Furniture and vehicles: -€11,492
- Reserves -€440,000
down €440,000 (-99.9%), from €440,376 to €376
- Debts after one year +€412,777
up €412,777, from €0 to €412,777
of which Other amounts payable: +€412,777
- Tax, wage and social debts -€103,217
down €103,217 (-90.5%), from €114,044 to €10,827
- Financial income +€134,684
up €134,684 (+4208.9%), from €3,200 to €137,884
- Taxes +€47,833
up €47,833 (+43.4%), from €110,119 to €157,952
- Gross operating margin +€47,236
up €47,236 (+10.1%), from €468,775 to €516,011
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 | €596,307 | €464,769 | -€131,538 | -22.1% |
| Fixed assets | 21/28 | €88,199 | €18,855 | -€69,343 | -78.6% |
| Tangible fixed assets | 22/27 | €28,199 | €18,855 | -€9,343 | -33.1% |
| Plant, machinery and equipment | 23 | - | €2,149 | +€2,149 | |
| Furniture and vehicles | 24 | €28,199 | €16,706 | -€11,492 | -40.8% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €60,000 | €0 | -€60,000 | -100.0% |
| Current assets | 29/58 | €508,108 | €445,914 | -€62,194 | -12.2% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €320,128 | +€320,128 | |
| Trade receivables | 40 | €0 | €125,549 | +€125,549 | |
| Other amounts receivable | 41 | - | €194,579 | +€194,579 | |
| Cash at bank and in hand | 54/58 | €406,237 | €79,844 | -€326,392 | -80.3% |
| Deferred charges and accrued income | 490/1 | €61,872 | €5,941 | -€55,931 | -90.4% |
| Total equity and liabilities | 10/49 | €596,307 | €464,769 | -€131,538 | -22.1% |
| Equity | 10/15 | €445,376 | €5,376 | -€440,000 | -98.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €440,376 | €376 | -€440,000 | -99.9% |
| Distributable reserves | 133 | €440,376 | €376 | -€440,000 | -99.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €150,931 | €459,393 | +€308,462 | +204.4% |
| Amounts payable after more than one year | 17 | €0 | €412,777 | +€412,777 | |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | - | €412,777 | +€412,777 | |
| Amounts payable within one year | 42/48 | €150,931 | €46,616 | -€104,315 | -69.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €684 | €2,417 | +€1,733 | +253.5% |
| Suppliers | 440/4 | €684 | €2,417 | +€1,733 | +253.5% |
| Taxes, remuneration and social security | 45 | €114,044 | €10,827 | -€103,217 | -90.5% |
| Taxes | 450/3 | €114,044 | €10,827 | -€103,217 | -90.5% |
| Other amounts payable | 47/48 | €36,204 | €33,373 | -€2,831 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,479 | €11,795 | +€316 | +2.8% |
| Other operating charges | 640/8 | €325 | €731 | +€406 | +124.8% |
| Gross operating margin | 9900 | €468,775 | €516,011 | +€47,236 | +10.1% |
| Operating profit (loss) | 9901 | €456,972 | €503,485 | +€46,514 | +10.2% |
| Financial income | 75/76B | €3,200 | €137,884 | +€134,684 | +4208.9% |
| Recurring financial income | 75 | €3,200 | €137,884 | +€134,684 | +4208.9% |
| Financial charges | 65/66B | €4,134 | €45 | -€4,089 | -98.9% |
| Recurring financial charges | 65 | €4,134 | €45 | -€4,089 | -98.9% |
| Profit (loss) for the period before taxes | 9903 | €456,038 | €641,324 | +€185,286 | +40.6% |
| Income taxes | 67/77 | €110,119 | €157,952 | +€47,833 | +43.4% |
| Profit (loss) for the period | 9904 | €345,919 | €483,373 | +€137,454 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €345,919 | €483,373 | +€137,454 | +39.7% |
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 7 October 2026 via checked.be.