DRY-Management: 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.
DRY-Management
Largest movements
- Cash +€48,088
up €48,088 (+84.5%), from €56,919 to €105,008
mainly Net result for the year (+€40,514) and Receivables within one year (+€32,675)
- Receivables within one year -€32,675
down €32,675 (-96.3%), from €33,943 to €1,268
- Tangible fixed assets +€11,363
up €11,363 (+156%), from €7,295 to €18,659
of which Plant, machinery and equipment: +€9,967
- Current investments -€8,151
down €8,151 (-34.0%), from €23,993 to €15,842
- Reserves +€40,514
up €40,514 (+64.6%), from €62,757 to €103,271
- Trade debts -€13,586
down €13,586 (-91.3%), from €14,876 to €1,290
- Tax, wage and social debts -€6,918
down €6,918 (-20.2%), from €34,245 to €27,326
- Other debts -€1,725
down €1,725 (-31.6%), from €5,455 to €3,730
- Gross operating margin +€39,638
up €39,638 (+163%), from €24,271 to €63,909
- Taxes +€11,019
up €11,019 (+178%), from €6,192 to €17,210
- Depreciation +€2,967
up €2,967 (+195%), from €1,521 to €4,487
- Financial income +€1,526
up €1,526 (+982%), from €155 to €1,681
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 | €123,333 | €141,958 | +€18,625 | +15.1% |
| Fixed assets | 21/28 | €7,295 | €18,659 | +€11,363 | +156% |
| Tangible fixed assets | 22/27 | €7,295 | €18,659 | +€11,363 | +156% |
| Plant, machinery and equipment | 23 | €4,452 | €14,419 | +€9,967 | +224% |
| Furniture and vehicles | 24 | €2,843 | €4,240 | +€1,397 | +49.1% |
| Current assets | 29/58 | €116,038 | €123,299 | +€7,262 | +6.3% |
| Amounts receivable within one year | 40/41 | €33,943 | €1,268 | -€32,675 | -96.3% |
| Trade receivables | 40 | €33,943 | €1,268 | -€32,675 | -96.3% |
| Current investments | 50/53 | €23,993 | €15,842 | -€8,151 | -34.0% |
| Cash at bank and in hand | 54/58 | €56,919 | €105,008 | +€48,088 | +84.5% |
| Deferred charges and accrued income | 490/1 | €1,182 | €1,182 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €123,333 | €141,958 | +€18,625 | +15.1% |
| Equity | 10/15 | €68,757 | €109,271 | +€40,514 | +58.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €62,757 | €103,271 | +€40,514 | +64.6% |
| Distributable reserves | 133 | €62,757 | €103,271 | +€40,514 | +64.6% |
| Amounts payable | 17/49 | €54,576 | €32,687 | -€21,889 | -40.1% |
| Amounts payable within one year | 42/48 | €54,576 | €32,347 | -€22,229 | -40.7% |
| Trade debts | 44 | €14,876 | €1,290 | -€13,586 | -91.3% |
| Suppliers | 440/4 | €14,876 | €1,290 | -€13,586 | -91.3% |
| Taxes, remuneration and social security | 45 | €34,245 | €27,326 | -€6,918 | -20.2% |
| Taxes | 450/3 | €34,245 | €27,326 | -€6,918 | -20.2% |
| Other amounts payable | 47/48 | €5,455 | €3,730 | -€1,725 | -31.6% |
| Accrued charges and deferred income | 492/3 | - | €340 | +€340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,521 | €4,487 | +€2,967 | +195% |
| Other operating charges | 640/8 | €664 | €780 | +€116 | +17.4% |
| Gross operating margin | 9900 | €24,271 | €63,909 | +€39,638 | +163% |
| Operating profit (loss) | 9901 | €22,086 | €58,641 | +€36,556 | +166% |
| Financial income | 75/76B | €155 | €1,681 | +€1,526 | +982% |
| Recurring financial income | 75 | €155 | €1,681 | +€1,526 | +982% |
| Financial charges | 65/66B | €2,352 | €2,599 | +€247 | +10.5% |
| Recurring financial charges | 65 | €2,352 | €2,599 | +€247 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €19,889 | €57,724 | +€37,835 | +190% |
| Income taxes | 67/77 | €6,192 | €17,210 | +€11,019 | +178% |
| Profit (loss) for the period | 9904 | €13,697 | €40,514 | +€26,817 | +196% |
| Profit (loss) for the period to be appropriated | 9905 | €13,697 | €40,514 | +€26,817 | +196% |
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 20 October 2026 via checked.be.