DRST: 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.
DRST
Largest movements
- Tangible fixed assets +€98,071
up €98,071 (+12.2%), from €804,257 to €902,328
of which Land and buildings: +€108,563
- Cash -€43,576
down €43,576 (-72.7%), from €59,923 to €16,347
mainly Investment in fixed assets (net) (-€185,401) and Debts after one year (-€62,818)
- Deferred charges and accrued income -€25,322
down €25,322 (-32.3%), from €78,429 to €53,107
- Receivables within one year +€14,421
up €14,421 (+286%), from €5,047 to €19,469
of which Other amounts receivable: +€14,601
- Other debts +€115,720
up €115,720 (+36.2%), from €320,040 to €435,760
- Debts after one year -€62,818
down €62,818 (-11.6%), from €541,290 to €478,472
- Reserves -€18,734
no longer reported in 2025 (was €18,734)
- Financial charges +€12,745
up €12,745 (+146%), from €8,701 to €21,446
- Gross operating margin +€12,362
up €12,362 (+8.7%), from €142,660 to €155,022
- Depreciation -€10,607
down €10,607 (-9.8%), from €107,937 to €97,330
- Other operating charges +€2,908
up €2,908 (+135%), from €2,155 to €5,063
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 | €978,489 | €1,012,084 | +€33,595 | +3.4% |
| Fixed assets | 21/28 | €835,090 | €923,161 | +€88,071 | +10.5% |
| Intangible fixed assets | 21 | €30,833 | €20,833 | -€10,000 | -32.4% |
| Tangible fixed assets | 22/27 | €804,257 | €902,328 | +€98,071 | +12.2% |
| Land and buildings | 22 | €739,481 | €848,044 | +€108,563 | +14.7% |
| Plant, machinery and equipment | 23 | €1,284 | €1,881 | +€597 | +46.5% |
| Furniture and vehicles | 24 | €63,492 | €52,403 | -€11,088 | -17.5% |
| Current assets | 29/58 | €143,399 | €88,923 | -€54,476 | -38.0% |
| Amounts receivable within one year | 40/41 | €5,047 | €19,469 | +€14,421 | +286% |
| Trade receivables | 40 | €180 | - | -€180 | |
| Other amounts receivable | 41 | €4,867 | €19,469 | +€14,601 | +300% |
| Cash at bank and in hand | 54/58 | €59,923 | €16,347 | -€43,576 | -72.7% |
| Deferred charges and accrued income | 490/1 | €78,429 | €53,107 | -€25,322 | -32.3% |
| Total equity and liabilities | 10/49 | €978,489 | €1,012,084 | +€33,595 | +3.4% |
| Equity | 10/15 | €37,284 | €18,550 | -€18,734 | -50.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €18,734 | - | -€18,734 | |
| Distributable reserves | 133 | €18,734 | - | -€18,734 | |
| Amounts payable | 17/49 | €941,205 | €993,534 | +€52,329 | +5.6% |
| Amounts payable after more than one year | 17 | €541,290 | €478,472 | -€62,818 | -11.6% |
| Financial debts | 170/4 | €541,290 | €478,472 | -€62,818 | -11.6% |
| Amounts payable within one year | 42/48 | €398,554 | €515,022 | +€116,468 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €50,222 | €50,718 | +€496 | +1.0% |
| Trade debts | 44 | €25,334 | €21,571 | -€3,763 | -14.9% |
| Suppliers | 440/4 | €25,334 | €21,571 | -€3,763 | -14.9% |
| Taxes, remuneration and social security | 45 | €2,958 | €6,974 | +€4,016 | +136% |
| Taxes | 450/3 | - | €3,998 | +€3,998 | |
| Remuneration and social security | 454/9 | €2,958 | €2,976 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €320,040 | €435,760 | +€115,720 | +36.2% |
| Accrued charges and deferred income | 492/3 | €1,361 | €40 | -€1,321 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,937 | €97,330 | -€10,607 | -9.8% |
| Other operating charges | 640/8 | €2,155 | €5,063 | +€2,908 | +135% |
| Gross operating margin | 9900 | €142,660 | €155,022 | +€12,362 | +8.7% |
| Operating profit (loss) | 9901 | €32,568 | €52,629 | +€20,061 | +61.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €8,701 | €21,446 | +€12,745 | +146% |
| Recurring financial charges | 65 | €8,701 | €21,446 | +€12,745 | +146% |
| Profit (loss) for the period before taxes | 9903 | €23,867 | €31,184 | +€7,317 | +30.7% |
| Income taxes | 67/77 | €5,133 | €4,531 | -€601 | -11.7% |
| Profit (loss) for the period | 9904 | €18,734 | €26,653 | +€7,919 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,734 | €26,653 | +€7,919 | +42.3% |
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 16 October 2026 via checked.be.