DRV2: 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.
DRV2
Largest movements
- Receivables within one year +€50,478
up €50,478 (+17.6%), from €286,167 to €336,645
of which Trade receivables: +€60,025
- Cash -€34,189
down €34,189 (-40.3%), from €84,900 to €50,711
mainly Trade debts (-€130,320) and Receivables within one year (-€50,478)
- Deferred charges and accrued income -€21,530
down €21,530 (-68.8%), from €31,307 to €9,776
- Stocks and contracts +€14,792
up €14,792 (+10.1%), from €146,831 to €161,622
of which Contracts in progress: +€14,792
- Financial fixed assets +€7,500
up €7,500 (+20.9%), from €35,945 to €43,445
- Trade debts -€130,320
down €130,320 (-32.8%), from €397,692 to €267,371
- Tax, wage and social debts +€61,456
new in 2024: €61,456
of which Taxes: +€42,788
- Profit (loss) carried forward +€35,051
up €35,051 (+23.6%), from €148,237 to €183,289
- Other debts +€32,794
new in 2024: €32,794
- Debts after one year +€30,943
new in 2024: €30,943
- Gross operating margin -€61,988
down €61,988 (-22.5%), from €274,982 to €212,995
- Staff costs -€61,501
down €61,501 (-30.8%), from €199,456 to €137,955
- Financial income +€9,376
new in 2024: €9,376
of which Non-recurring financial income: +€9,311
- Financial charges -€3,885
down €3,885 (-12.1%), from €32,052 to €28,168
of which Non-recurring financial charges: -€11,327
- Depreciation +€3,391
up €3,391 (+24.3%), from €13,940 to €17,331
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €660,438 | €671,792 | +€11,354 | +1.7% |
| Fixed assets | 21/28 | €91,235 | €93,037 | +€1,803 | +2.0% |
| Tangible fixed assets | 22/27 | €55,290 | €49,593 | -€5,697 | -10.3% |
| Land and buildings | 22 | €2,610 | €1,936 | -€674 | -25.8% |
| Plant, machinery and equipment | 23 | €40,539 | €29,844 | -€10,695 | -26.4% |
| Furniture and vehicles | 24 | €12,141 | €17,813 | +€5,671 | +46.7% |
| Financial fixed assets | 28 | €35,945 | €43,445 | +€7,500 | +20.9% |
| Current assets | 29/58 | €569,204 | €578,755 | +€9,551 | +1.7% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Trade receivables | 290 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €146,831 | €161,622 | +€14,792 | +10.1% |
| Stocks | 30/36 | €42,275 | €42,275 | = | 0.0% |
| Contracts in progress | 37 | €104,556 | €119,347 | +€14,792 | +14.1% |
| Amounts receivable within one year | 40/41 | €286,167 | €336,645 | +€50,478 | +17.6% |
| Trade receivables | 40 | €210,270 | €270,295 | +€60,025 | +28.5% |
| Other amounts receivable | 41 | €75,897 | €66,350 | -€9,546 | -12.6% |
| Cash at bank and in hand | 54/58 | €84,900 | €50,711 | -€34,189 | -40.3% |
| Deferred charges and accrued income | 490/1 | €31,307 | €9,776 | -€21,530 | -68.8% |
| Total equity and liabilities | 10/49 | €660,438 | €671,792 | +€11,354 | +1.7% |
| Equity | 10/15 | €159,130 | €194,182 | +€35,051 | +22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,693 | €4,693 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,833 | €2,833 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €148,237 | €183,289 | +€35,051 | +23.6% |
| Amounts payable | 17/49 | €501,308 | €477,610 | -€23,698 | -4.7% |
| Amounts payable after more than one year | 17 | - | €30,943 | +€30,943 | |
| Financial debts | 170/4 | - | €30,943 | +€30,943 | |
| Amounts payable within one year | 42/48 | €497,692 | €443,566 | -€54,125 | -10.9% |
| Financial debts | 43 | €100,000 | €81,945 | -€18,055 | -18.1% |
| Credit institutions | 430/8 | €100,000 | €31,945 | -€68,055 | -68.1% |
| Other loans | 439 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €397,692 | €267,371 | -€130,320 | -32.8% |
| Suppliers | 440/4 | €397,692 | €267,371 | -€130,320 | -32.8% |
| Taxes, remuneration and social security | 45 | - | €61,456 | +€61,456 | |
| Taxes | 450/3 | - | €42,788 | +€42,788 | |
| Remuneration and social security | 454/9 | - | €18,668 | +€18,668 | |
| Other amounts payable | 47/48 | - | €32,794 | +€32,794 | |
| Accrued charges and deferred income | 492/3 | €3,616 | €3,101 | -€515 | -14.2% |
| Remuneration, social security and pensions | 62 | €199,456 | €137,955 | -€61,501 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,940 | €17,331 | +€3,391 | +24.3% |
| Other operating charges | 640/8 | €5,343 | €3,865 | -€1,478 | -27.7% |
| Gross operating margin | 9900 | €274,982 | €212,995 | -€61,988 | -22.5% |
| Operating profit (loss) | 9901 | €56,243 | €53,843 | -€2,399 | -4.3% |
| Financial income | 75/76B | - | €9,376 | +€9,376 | |
| Recurring financial income | 75 | - | €64 | +€64 | |
| Non-recurring financial income | 76B | - | €9,311 | +€9,311 | |
| Financial charges | 65/66B | €32,052 | €28,168 | -€3,885 | -12.1% |
| Recurring financial charges | 65 | €20,726 | €28,168 | +€7,442 | +35.9% |
| Non-recurring financial charges | 66B | €11,327 | - | -€11,327 | |
| Profit (loss) for the period before taxes | 9903 | €24,190 | €35,051 | +€10,861 | +44.9% |
| Profit (loss) for the period | 9904 | €24,190 | €35,051 | +€10,861 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,190 | €35,051 | +€10,861 | +44.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.