DRSV: 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.
DRSV
Largest movements
- Cash +€32,091
up €32,091 (+1172.4%), from €2,737 to €34,828
mainly Accrued charges and deferred income (+€27,548) and Receivables within one year (+€18,370)
- Receivables within one year -€18,370
down €18,370 (-39.7%), from €46,225 to €27,855
of which Trade receivables: -€10,168
- Tangible fixed assets -€8,918
down €8,918 (-5.2%), from €170,880 to €161,962
of which Land and buildings: -€8,295
- Accrued charges and deferred income +€27,548
up €27,548 (+974.0%), from €2,828 to €30,376
- Trade debts -€20,281
down €20,281 (-80.1%), from €25,307 to €5,026
- Debts after one year -€11,554
down €11,554 (-11.1%), from €104,527 to €92,973
- Reserves +€9,120
up €9,120 (+31.2%), from €29,211 to €38,330
- Tax, wage and social debts +€4,657
up €4,657 (+591.3%), from €788 to €5,445
- Depreciation -€9,365
down €9,365 (-46.3%), from €20,235 to €10,870
- Gross operating margin -€6,038
down €6,038 (-12.9%), from €46,896 to €40,858
- Taxes +€5,357
up €5,357 (+263.1%), from €2,036 to €7,393
- Staff costs -€5,066
no longer reported in 2025 (was €5,066)
- Financial income +€2,343
up €2,343 (+1326.0%), from €177 to €2,519
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 | €231,040 | €235,632 | +€4,592 | +2.0% |
| Fixed assets | 21/28 | €170,880 | €161,962 | -€8,918 | -5.2% |
| Tangible fixed assets | 22/27 | €170,880 | €161,962 | -€8,918 | -5.2% |
| Land and buildings | 22 | €163,492 | €155,197 | -€8,295 | -5.1% |
| Plant, machinery and equipment | 23 | €2,710 | €1,810 | -€900 | -33.2% |
| Furniture and vehicles | 24 | €4,679 | €4,955 | +€276 | +5.9% |
| Current assets | 29/58 | €60,159 | €73,669 | +€13,510 | +22.5% |
| Stocks and contracts in progress | 3 | €7,625 | €7,360 | -€265 | -3.5% |
| Stocks | 30/36 | €7,625 | €7,360 | -€265 | -3.5% |
| Amounts receivable within one year | 40/41 | €46,225 | €27,855 | -€18,370 | -39.7% |
| Trade receivables | 40 | €37,833 | €27,665 | -€10,168 | -26.9% |
| Other amounts receivable | 41 | €8,391 | €190 | -€8,201 | -97.7% |
| Cash at bank and in hand | 54/58 | €2,737 | €34,828 | +€32,091 | +1172.4% |
| Deferred charges and accrued income | 490/1 | €3,572 | €3,627 | +€54 | +1.5% |
| Total equity and liabilities | 10/49 | €231,040 | €235,632 | +€4,592 | +2.0% |
| Equity | 10/15 | €32,499 | €44,530 | +€12,032 | +37.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,211 | €38,330 | +€9,120 | +31.2% |
| Distributable reserves | 133 | €29,211 | €38,330 | +€9,120 | +31.2% |
| Profit (loss) carried forward | 14 | -€2,912 | - | +€2,912 | |
| Amounts payable | 17/49 | €198,541 | €191,101 | -€7,440 | -3.7% |
| Amounts payable after more than one year | 17 | €104,527 | €92,973 | -€11,554 | -11.1% |
| Financial debts | 170/4 | €104,527 | €92,973 | -€11,554 | -11.1% |
| Amounts payable within one year | 42/48 | €91,185 | €67,752 | -€23,433 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €15,114 | €11,497 | -€3,617 | -23.9% |
| Trade debts | 44 | €25,307 | €5,026 | -€20,281 | -80.1% |
| Suppliers | 440/4 | €25,307 | €5,026 | -€20,281 | -80.1% |
| Taxes, remuneration and social security | 45 | €788 | €5,445 | +€4,657 | +591.3% |
| Taxes | 450/3 | €788 | €5,445 | +€4,657 | +591.3% |
| Other amounts payable | 47/48 | €49,977 | €45,784 | -€4,193 | -8.4% |
| Accrued charges and deferred income | 492/3 | €2,828 | €30,376 | +€27,548 | +974.0% |
| Non-recurring operating income | 76A | - | €24,954 | +€24,954 | |
| Remuneration, social security and pensions | 62 | €5,066 | - | -€5,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,235 | €10,870 | -€9,365 | -46.3% |
| Other operating charges | 640/8 | €2,310 | €2,501 | +€191 | +8.3% |
| Non-recurring operating charges | 66A | €389 | - | -€389 | |
| Gross operating margin | 9900 | €46,896 | €40,858 | -€6,038 | -12.9% |
| Operating profit (loss) | 9901 | €18,896 | €27,487 | +€8,591 | +45.5% |
| Financial income | 75/76B | €177 | €2,519 | +€2,343 | +1326.0% |
| Recurring financial income | 75 | €177 | €2,519 | +€2,343 | +1326.0% |
| Financial charges | 65/66B | €10,198 | €10,581 | +€383 | +3.8% |
| Recurring financial charges | 65 | €10,198 | €10,581 | +€383 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €8,875 | €19,425 | +€10,550 | +118.9% |
| Income taxes | 67/77 | €2,036 | €7,393 | +€5,357 | +263.1% |
| Profit (loss) for the period | 9904 | €6,839 | €12,032 | +€5,193 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,839 | €12,032 | +€5,193 | +75.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.