DRTFC: 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.
DRTFC
Largest movements
- Tangible fixed assets +€856,501
up €856,501 (+149.9%), from €571,414 to €1.4m
of which Land and buildings: +€961,170
- Receivables within one year -€134,164
down €134,164 (-48.9%), from €274,629 to €140,465
of which Trade receivables: -€99,364
- Cash -€41,044
down €41,044 (-31.4%), from €130,647 to €89,602
mainly Investment in fixed assets (net) (-€1.0m) and Contributions, distributions and other (-€147,604)
- Deferred charges and accrued income +€28,265
up €28,265 (+100.1%), from €28,235 to €56,500
- Debts after one year +€884,457
up €884,457 (+395.7%), from €223,505 to €1.1m
- Reserves -€134,653
down €134,653 (-12.5%), from €1.1m to €943,146
of which Distributable reserves: -€134,653
- Tax, wage and social debts -€24,358
down €24,358 (-70.0%), from €34,772 to €10,414
- Other operating charges +€81,351
up €81,351 (+171.2%), from €47,522 to €128,873
- Taxes -€56,843
down €56,843 (-82.3%), from €69,055 to €12,212
- Financial charges +€27,057
up €27,057 (+238.6%), from €11,339 to €38,397
- Gross operating margin -€24,790
down €24,790 (-6.8%), from €362,273 to €337,483
- Depreciation +€8,389
up €8,389 (+5.6%), from €148,704 to €157,093
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 | €1,495,591 | €2,200,819 | +€705,228 | +47.2% |
| Fixed assets | 21/28 | €571,664 | €1,428,165 | +€856,501 | +149.8% |
| Tangible fixed assets | 22/27 | €571,414 | €1,427,915 | +€856,501 | +149.9% |
| Land and buildings | 22 | €156,495 | €1,117,664 | +€961,170 | +614.2% |
| Plant, machinery and equipment | 23 | €62,061 | €38,674 | -€23,387 | -37.7% |
| Furniture and vehicles | 24 | €176,216 | €120,576 | -€55,640 | -31.6% |
| Other tangible fixed assets | 26 | €176,642 | €151,000 | -€25,642 | -14.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €923,927 | €772,654 | -€151,273 | -16.4% |
| Amounts receivable after more than one year | 29 | €350,000 | €365,000 | +€15,000 | +4.3% |
| Other amounts receivable | 291 | €350,000 | €365,000 | +€15,000 | +4.3% |
| Amounts receivable within one year | 40/41 | €274,629 | €140,465 | -€134,164 | -48.9% |
| Trade receivables | 40 | €238,000 | €138,636 | -€99,364 | -41.7% |
| Other amounts receivable | 41 | €36,629 | €1,829 | -€34,801 | -95.0% |
| Current investments | 50/53 | €140,416 | €121,087 | -€19,329 | -13.8% |
| Cash at bank and in hand | 54/58 | €130,647 | €89,602 | -€41,044 | -31.4% |
| Deferred charges and accrued income | 490/1 | €28,235 | €56,500 | +€28,265 | +100.1% |
| Total equity and liabilities | 10/49 | €1,495,591 | €2,200,819 | +€705,228 | +47.2% |
| Equity | 10/15 | €1,090,199 | €955,546 | -€134,653 | -12.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,077,799 | €943,146 | -€134,653 | -12.5% |
| Non-distributable reserves | 130/1 | €6,081 | €6,081 | = | 0.0% |
| Other | 1319 | €6,081 | €6,081 | = | 0.0% |
| Distributable reserves | 133 | €1,071,718 | €937,065 | -€134,653 | -12.6% |
| Amounts payable | 17/49 | €405,392 | €1,245,273 | +€839,881 | +207.2% |
| Amounts payable after more than one year | 17 | €223,505 | €1,107,961 | +€884,457 | +395.7% |
| Financial debts | 170/4 | €223,505 | €1,107,961 | +€884,457 | +395.7% |
| Amounts payable within one year | 42/48 | €180,927 | €137,312 | -€43,615 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €132,036 | €120,078 | -€11,958 | -9.1% |
| Trade debts | 44 | €12,568 | €3,303 | -€9,265 | -73.7% |
| Suppliers | 440/4 | €12,568 | €3,303 | -€9,265 | -73.7% |
| Taxes, remuneration and social security | 45 | €34,772 | €10,414 | -€24,358 | -70.0% |
| Taxes | 450/3 | €34,772 | €10,414 | -€24,358 | -70.0% |
| Other amounts payable | 47/48 | €1,551 | €3,517 | +€1,965 | +126.7% |
| Accrued charges and deferred income | 492/3 | €960 | - | -€960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,704 | €157,093 | +€8,389 | +5.6% |
| Other operating charges | 640/8 | €47,522 | €128,873 | +€81,351 | +171.2% |
| Gross operating margin | 9900 | €362,273 | €337,483 | -€24,790 | -6.8% |
| Operating profit (loss) | 9901 | €166,047 | €51,517 | -€114,530 | -69.0% |
| Financial income | 75/76B | €16,651 | €12,042 | -€4,609 | -27.7% |
| Recurring financial income | 75 | €16,651 | €12,042 | -€4,609 | -27.7% |
| Financial charges | 65/66B | €11,339 | €38,397 | +€27,057 | +238.6% |
| Recurring financial charges | 65 | €11,339 | €38,397 | +€27,057 | +238.6% |
| Profit (loss) for the period before taxes | 9903 | €171,359 | €25,163 | -€146,196 | -85.3% |
| Income taxes | 67/77 | €69,055 | €12,212 | -€56,843 | -82.3% |
| Profit (loss) for the period | 9904 | €102,304 | €12,951 | -€89,352 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €102,304 | €12,951 | -€89,352 | -87.3% |
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 2 October 2026 via checked.be.