DRVO: what changed
Two financial 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.
DRVO
Largest movements
- Receivables within one year +€186,385
up €186,385 (+158%), from €117,950 to €304,335
of which Trade receivables: +€185,689
- Cash -€40,643
down €40,643 (-100%), from €40,643 to €0
mainly Net result for the year (-€216,441) and Receivables within one year (-€186,385)
- Other debts +€231,352
up €231,352 (+128%), from €180,654 to €412,006
- Trade debts +€227,768
up €227,768 (+824%), from €27,634 to €255,402
- Profit (loss) carried forward -€216,441
down €216,441, from €137,298 to -€79,142
- Debts after one year -€76,667
down €76,667 (-7.6%), from €1.0m to €932,778
- Short-term financial debts -€29,866
down €29,866 (-17.6%), from €170,000 to €140,134
- Gross operating margin -€310,114
down €310,114, from €228,562 to -€81,552
- Staff costs +€76,872
new in 2025: €76,872
- Taxes -€39,137
down €39,137 (-100%), from €39,137 to €0
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.
Derived cash bridge
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 | €1,658,593 | €1,805,098 | +€146,505 | +8.8% |
| Fixed assets | 21/28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €158,593 | €305,098 | +€146,505 | +92.4% |
| Amounts receivable within one year | 40/41 | €117,950 | €304,335 | +€186,385 | +158% |
| Trade receivables | 40 | €117,950 | €303,639 | +€185,689 | +157% |
| Other amounts receivable | 41 | - | €696 | +€696 | |
| Cash at bank and in hand | 54/58 | €40,643 | €0 | -€40,643 | -100% |
| Deferred charges and accrued income | 490/1 | - | €763 | +€763 | |
| Total equity and liabilities | 10/49 | €1,658,593 | €1,805,098 | +€146,505 | +8.8% |
| Equity | 10/15 | €140,898 | -€75,542 | -€216,441 | |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,298 | -€79,142 | -€216,441 | |
| Amounts payable | 17/49 | €1,517,695 | €1,880,640 | +€362,945 | +23.9% |
| Amounts payable after more than one year | 17 | €1,009,445 | €932,778 | -€76,667 | -7.6% |
| Financial debts | 170/4 | €1,009,445 | €932,778 | -€76,667 | -7.6% |
| Amounts payable within one year | 42/48 | €508,250 | €947,862 | +€439,612 | +86.5% |
| Current portion of amounts payable after more than one year | 42 | €76,667 | €76,667 | = | 0.0% |
| Financial debts | 43 | €170,000 | €140,134 | -€29,866 | -17.6% |
| Credit institutions | 430/8 | €170,000 | €140,134 | -€29,866 | -17.6% |
| Trade debts | 44 | €27,634 | €255,402 | +€227,768 | +824% |
| Suppliers | 440/4 | €27,634 | €255,402 | +€227,768 | +824% |
| Taxes, remuneration and social security | 45 | €53,296 | €63,653 | +€10,358 | +19.4% |
| Taxes | 450/3 | €53,296 | €46,710 | -€6,585 | -12.4% |
| Remuneration and social security | 454/9 | - | €16,943 | +€16,943 | |
| Other amounts payable | 47/48 | €180,654 | €412,006 | +€231,352 | +128% |
| Non-recurring operating income | 76A | - | €2 | +€2 | |
| Remuneration, social security and pensions | 62 | - | €76,872 | +€76,872 | |
| Other operating charges | 640/8 | - | €198 | +€198 | |
| Non-recurring operating charges | 66A | - | €3,674 | +€3,674 | |
| Gross operating margin | 9900 | €228,562 | -€81,552 | -€310,114 | |
| Operating profit (loss) | 9901 | €228,562 | -€162,296 | -€390,858 | |
| Financial charges | 65/66B | €52,126 | €54,144 | +€2,018 | +3.9% |
| Recurring financial charges | 65 | €52,126 | €54,144 | +€2,018 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €176,435 | -€216,441 | -€392,876 | |
| Income taxes | 67/77 | €39,137 | €0 | -€39,137 | -100% |
| Profit (loss) for the period | 9904 | €137,298 | -€216,441 | -€353,739 | |
| Profit (loss) for the period to be appropriated | 9905 | €137,298 | -€216,441 | -€353,739 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.