DRUNOVA: 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.
DRUNOVA
Largest movements
- Tangible fixed assets +€298,290
up €298,290 (+49.3%), from €605,537 to €903,827
- Receivables within one year +€161,343
up €161,343 (+19.5%), from €826,014 to €987,356
of which Trade receivables: +€132,933
- Stocks and contracts +€50,624
up €50,624 (+18.9%), from €267,558 to €318,183
of which Stocks: +€50,624
- Cash +€34,310
up €34,310 (+19.5%), from €175,752 to €210,061
mainly Trade debts (+€292,220) and Net result for the year (+€267,342)
- Trade debts +€292,220
up €292,220 (+194.2%), from €150,453 to €442,673
- Debts after one year +€184,836
up €184,836 (+59.6%), from €309,926 to €494,762
- Reserves +€117,342
up €117,342 (+15.6%), from €750,707 to €868,049
of which Distributable reserves: +€117,342
- Current portion of long-term debt +€51,078
up €51,078 (+59.4%), from €85,918 to €136,996
- Short-term financial debts -€50,000
down €50,000 (-20.0%), from €250,000 to €200,000
- Gross operating margin +€238,159
up €238,159 (+17.3%), from €1.4m to €1.6m
- Staff costs +€203,945
up €203,945 (+25.7%), from €793,324 to €997,270
- Depreciation +€42,269
up €42,269 (+22.9%), from €184,587 to €226,856
- Financial charges +€27,861
up €27,861 (+63.8%), from €43,684 to €71,545
- Taxes -€16,992
down €16,992 (-33.5%), from €50,652 to €33,659
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 | €1,910,808 | €2,467,300 | +€556,492 | +29.1% |
| Fixed assets | 21/28 | €605,537 | €903,827 | +€298,290 | +49.3% |
| Tangible fixed assets | 22/27 | €605,537 | €903,827 | +€298,290 | +49.3% |
| Land and buildings | 22 | €107,123 | €171,647 | +€64,524 | +60.2% |
| Plant, machinery and equipment | 23 | €277,019 | €398,871 | +€121,852 | +44.0% |
| Furniture and vehicles | 24 | €221,395 | €333,309 | +€111,914 | +50.5% |
| Current assets | 29/58 | €1,305,271 | €1,563,473 | +€258,202 | +19.8% |
| Stocks and contracts in progress | 3 | €267,558 | €318,183 | +€50,624 | +18.9% |
| Stocks | 30/36 | €267,558 | €318,183 | +€50,624 | +18.9% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €826,014 | €987,356 | +€161,343 | +19.5% |
| Trade receivables | 40 | €825,814 | €958,747 | +€132,933 | +16.1% |
| Other amounts receivable | 41 | €200 | €28,610 | +€28,410 | +14204.9% |
| Cash at bank and in hand | 54/58 | €175,752 | €210,061 | +€34,310 | +19.5% |
| Deferred charges and accrued income | 490/1 | €35,948 | €47,873 | +€11,925 | +33.2% |
| Total equity and liabilities | 10/49 | €1,910,808 | €2,467,300 | +€556,492 | +29.1% |
| Equity | 10/15 | €769,307 | €886,649 | +€117,342 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €750,707 | €868,049 | +€117,342 | +15.6% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €713,207 | €830,549 | +€117,342 | +16.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,141,501 | €1,580,651 | +€439,150 | +38.5% |
| Amounts payable after more than one year | 17 | €309,926 | €494,762 | +€184,836 | +59.6% |
| Financial debts | 170/4 | €309,926 | €494,762 | +€184,836 | +59.6% |
| Amounts payable within one year | 42/48 | €816,548 | €1,078,934 | +€262,385 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €85,918 | €136,996 | +€51,078 | +59.4% |
| Financial debts | 43 | €250,000 | €200,000 | -€50,000 | -20.0% |
| Credit institutions | 430/8 | €250,000 | €200,000 | -€50,000 | -20.0% |
| Trade debts | 44 | €150,453 | €442,673 | +€292,220 | +194.2% |
| Suppliers | 440/4 | €150,453 | €442,673 | +€292,220 | +194.2% |
| Advances received on contracts in progress | 46 | - | €8,382 | +€8,382 | |
| Taxes, remuneration and social security | 45 | €132,889 | €89,590 | -€43,299 | -32.6% |
| Taxes | 450/3 | €43,694 | €4,131 | -€39,563 | -90.5% |
| Remuneration and social security | 454/9 | €89,195 | €85,459 | -€3,736 | -4.2% |
| Other amounts payable | 47/48 | €197,289 | €201,293 | +€4,004 | +2.0% |
| Accrued charges and deferred income | 492/3 | €15,027 | €6,956 | -€8,072 | -53.7% |
| Non-recurring operating income | 76A | €34,033 | €41,556 | +€7,523 | +22.1% |
| Remuneration, social security and pensions | 62 | €793,324 | €997,270 | +€203,945 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,587 | €226,856 | +€42,269 | +22.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,156 | €3,144 | +€16,299 | |
| Other operating charges | 640/8 | €25,520 | €16,544 | -€8,976 | -35.2% |
| Non-recurring operating charges | 66A | - | €3,311 | +€3,311 | |
| Gross operating margin | 9900 | €1,376,383 | €1,614,542 | +€238,159 | +17.3% |
| Operating profit (loss) | 9901 | €386,107 | €367,417 | -€18,690 | -4.8% |
| Financial income | 75/76B | €6,449 | €5,129 | -€1,319 | -20.5% |
| Recurring financial income | 75 | €6,449 | €5,129 | -€1,319 | -20.5% |
| Financial charges | 65/66B | €43,684 | €71,545 | +€27,861 | +63.8% |
| Recurring financial charges | 65 | €43,684 | €71,545 | +€27,861 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €348,872 | €301,001 | -€47,871 | -13.7% |
| Income taxes | 67/77 | €50,652 | €33,659 | -€16,992 | -33.5% |
| Profit (loss) for the period | 9904 | €298,220 | €267,342 | -€30,878 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €298,220 | €267,342 | -€30,878 | -10.4% |
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.