DRV INVEST: what changed
What changed
DRV INVEST
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€2.0m
2023 · -€366,012+€2.3m
Equity
€2.0m
2023 · €52,429+€2.0m
Cash
€305,912
2023 · €1,956+€303,956
Balance sheet total
€19.1m
2023 · €21.6m-€2.4m
Largest movements
Assets
- Tangible fixed assets -€5.4m
down €5.4m (-41.5%), from €13.1m to €7.7m
of which Land and buildings: -€5.6m
- Receivables within one year +€2.4m
up €2.4m (+127%), from €1.9m to €4.3m
of which Other amounts receivable: +€1.6m
- Stocks and contracts +€1.8m
up €1.8m (+132%), from €1.4m to €3.2m
- Financial fixed assets -€1.5m
down €1.5m (-28.4%), from €5.1m to €3.7m
- Cash +€303,956
up €303,956 (+15,539%), from €1,956 to €305,912
mainly Investment in fixed assets (net) (+€6.9m) and Trade debts (+€3.6m)
Equity and liabilities
- Debts after one year -€6.0m
down €6.0m (-70.1%), from €8.5m to €2.6m
- Trade debts +€3.6m
up €3.6m (+398%), from €906,539 to €4.5m
- Other debts -€2.9m
down €2.9m (-35.3%), from €8.3m to €5.4m
- Profit (loss) carried forward +€2.0m
up €2.0m, from -€252,047 to €1.7m
- Tax, wage and social debts +€968,586
up €968,586 (+109,297%), from €886 to €969,472
Income statement
- Gross operating margin +€1.6m
up €1.6m (+3,541%), from €44,730 to €1.6m
- Financial income +€1.6m
up €1.6m (+2,731%), from €56,772 to €1.6m
of which Non-recurring financial income: +€1.4m
- Financial charges +€598,442
up €598,442 (+127%), from €470,016 to €1.1m
- Other operating charges +€87,081
up €87,081 (+1,671%), from €5,212 to €92,293
- Taxes +€86,062
up €86,062 (+1,512%), from €5,692 to €91,754
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€366,012
Gross operating margin
+€1.6m
Depreciation
-€27,323
Other operating charges
-€87,081
Financial income
+€1.6m
Financial charges
-€598,442
Taxes
-€86,062
Deferred taxes and other
-€10,093
Result 2024
€2.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€545,663
Investment
+€6.9m
Financing
-€6.0m
Cash 2023
€1,956
From operations (derived)
-€545,663
Net result for the year
+€2.0m
Depreciation
+€27,323
Stocks and contracts
-€1.8m
Receivables within one year
-€2.4m
Deferred charges and accrued income
+€58,098
Smaller working-capital items
+€1,755
Trade debts
+€3.6m
Tax, wage and social debts
+€968,586
Other debts
-€2.9m
Investment (derived)
+€6.9m
Investment in fixed assets (net)
+€6.9m
Financing
-€6.0m
Debts after one year
-€6.0m
Current portion of long-term debt
+€90,379
Short-term financial debts
-€128,555
Cash 2024
€305,912
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,555,709 | €19,137,650 | -€2.4m | -11.2% |
| Fixed assets | 21/28 | €18,225,220 | €11,336,200 | -€6.9m | -37.8% |
| Tangible fixed assets | 22/27 | €13,106,943 | €7,672,840 | -€5.4m | -41.5% |
| Land and buildings | 22 | €13,106,943 | €7,520,462 | -€5.6m | -42.6% |
| Furniture and vehicles | 24 | - | €113,408 | +€113,408 | |
| Leasing and similar rights | 25 | - | €38,970 | +€38,970 | |
| Financial fixed assets | 28 | €5,118,277 | €3,663,360 | -€1.5m | -28.4% |
| Current assets | 29/58 | €3,330,489 | €7,801,450 | +€4.5m | +134% |
| Stocks and contracts in progress | 3 | €1,374,853 | €3,188,000 | +€1.8m | +132% |
| Stocks | 30/36 | €1,374,853 | €3,188,000 | +€1.8m | +132% |
| Amounts receivable within one year | 40/41 | €1,895,581 | €4,307,538 | +€2.4m | +127% |
| Trade receivables | 40 | €575,856 | €1,425,364 | +€849,507 | +148% |
| Other amounts receivable | 41 | €1,319,725 | €2,882,174 | +€1.6m | +118% |
| Cash at bank and in hand | 54/58 | €1,956 | €305,912 | +€303,956 | +15,539% |
| Deferred charges and accrued income | 490/1 | €58,098 | - | -€58,098 | |
| Total equity and liabilities | 10/49 | €21,555,709 | €19,137,650 | -€2.4m | -11.2% |
| Equity | 10/15 | €52,429 | €2,011,406 | +€2.0m | +3,736% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €241,476 | €235,042 | -€6,434 | -2.7% |
| Non-distributable reserves | 130/1 | €6,493 | €6,493 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,493 | €6,493 | = | 0.0% |
| Tax-exempt reserves | 132 | €234,982 | €228,548 | -€6,434 | -2.7% |
| Profit (loss) carried forward | 14 | -€252,047 | €1,713,365 | +€2.0m | |
| Provisions and deferred taxes | 16 | €120,998 | €117,685 | -€3,313 | -2.7% |
| Deferred taxes | 168 | €120,998 | €117,685 | -€3,313 | -2.7% |
| Amounts payable | 17/49 | €21,382,283 | €17,008,559 | -€4.4m | -20.5% |
| Amounts payable after more than one year | 17 | €8,524,000 | €2,550,099 | -€6.0m | -70.1% |
| Financial debts | 170/4 | €8,524,000 | €2,550,099 | -€6.0m | -70.1% |
| Amounts payable within one year | 42/48 | €12,846,924 | €14,442,035 | +€1.6m | +12.4% |
| Current portion of amounts payable after more than one year | 42 | - | €90,379 | +€90,379 | |
| Financial debts | 43 | €3,598,555 | €3,470,000 | -€128,555 | -3.6% |
| Credit institutions | 430/8 | €3,598,555 | €3,470,000 | -€128,555 | -3.6% |
| Trade debts | 44 | €906,539 | €4,515,215 | +€3.6m | +398% |
| Suppliers | 440/4 | €906,539 | €4,515,215 | +€3.6m | +398% |
| Taxes, remuneration and social security | 45 | €886 | €969,472 | +€968,586 | +109,297% |
| Taxes | 450/3 | €886 | €969,472 | +€968,586 | +109,297% |
| Other amounts payable | 47/48 | €8,340,943 | €5,396,969 | -€2.9m | -35.3% |
| Accrued charges and deferred income | 492/3 | €11,358 | €16,426 | +€5,068 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €27,323 | +€27,323 | |
| Other operating charges | 640/8 | €5,212 | €92,293 | +€87,081 | +1,671% |
| Gross operating margin | 9900 | €44,730 | €1,628,530 | +€1.6m | +3,541% |
| Operating profit (loss) | 9901 | €39,517 | €1,508,914 | +€1.5m | +3,718% |
| Financial income | 75/76B | €56,772 | €1,606,961 | +€1.6m | +2,731% |
| Recurring financial income | 75 | €56,772 | €179,792 | +€123,020 | +217% |
| Non-recurring financial income | 76B | - | €1,427,169 | +€1.4m | |
| Financial charges | 65/66B | €470,016 | €1,068,458 | +€598,442 | +127% |
| Recurring financial charges | 65 | €470,016 | €1,068,458 | +€598,442 | +127% |
| Profit (loss) for the period before taxes | 9903 | -€373,727 | €2,047,418 | +€2.4m | |
| Transfer from deferred taxes | 780 | €13,406 | €3,313 | -€10,093 | -75.3% |
| Income taxes | 67/77 | €5,692 | €91,754 | +€86,062 | +1,512% |
| Profit (loss) for the period | 9904 | -€366,012 | €1,958,978 | +€2.3m | |
| Transfer from tax-exempt reserves | 789 | - | €6,434 | +€6,434 | |
| Profit (loss) for the period to be appropriated | 9905 | -€366,012 | €1,965,412 | +€2.3m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.