DRY-TOP: 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.
What changed
DRY-TOP
NACE 82.920, Office administrative, office support and other business support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€944,653
2024 · €625,742+€318,911
Equity
€3.0m
2024 · €2.0m+€944,653
Cash
€789,315
2024 · €583,574+€205,741
Balance sheet total
€15.6m
2024 · €11.2m+€4.4m
Largest movements
Assets
- Receivables within one year +€2.1m
up €2.1m (+58.0%), from €3.6m to €5.6m
of which Trade receivables: +€1.9m
- Stocks and contracts +€1.4m
up €1.4m (+40.6%), from €3.5m to €5.0m
of which Stocks: +€1.3m
- Tangible fixed assets +€501,203
up €501,203 (+28.0%), from €1.8m to €2.3m
of which Plant, machinery and equipment: +€416,204
- Cash +€205,741
up €205,741 (+35.3%), from €583,574 to €789,315
mainly Other debts (+€3.0m) and Net result for the year (+€944,653)
Equity and liabilities
- Other debts +€3.0m
up €3.0m (+202%), from €1.5m to €4.5m
- Reserves +€945,517
up €945,517 (+74.3%), from €1.3m to €2.2m
of which Distributable reserves: +€945,517
- Trade debts +€440,703
up €440,703 (+5.8%), from €7.6m to €8.1m
Income statement
- Turnover +€15.3m
up €15.3m (+55.8%), from €27.3m to €42.6m
- Goods and materials +€13.8m
up €13.8m (+55.1%), from €25.0m to €38.8m
of which Purchases: +€14.0m
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.
Result 2024
€625,742
Turnover
+€15.3m
Other operating income
-€12,858
Goods and materials
-€13.8m
Services and other goods
-€253,045
Staff costs
-€26,796
Depreciation
-€279,544
Other operating charges
+€3,784
Other operating items
-€374,126
Financial income
+€10,410
Financial charges
-€98,033
Taxes
-€107,163
Result 2025
€944,653
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€1.2m
Financing
€0
Cash 2024
€583,574
From operations (derived)
+€1.4m
Net result for the year
+€944,653
Depreciation
+€538,499
Stocks and contracts
-€1.4m
Receivables within one year
-€2.1m
Deferred charges and accrued income
-€3,489
Trade debts
+€440,703
Tax, wage and social debts
-€7,732
Other debts
+€3.0m
Accrued charges and deferred income
+€32,347
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.1m
Current investments
-€124,950
Cash 2025
€789,315
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,170,522 | €15,580,494 | +€4.4m | +39.5% |
| Fixed assets | 21/28 | €3,473,337 | €4,044,507 | +€571,170 | +16.4% |
| Intangible fixed assets | 21 | €138,295 | €132,410 | -€5,886 | -4.3% |
| Tangible fixed assets | 22/27 | €1,790,410 | €2,291,613 | +€501,203 | +28.0% |
| Plant, machinery and equipment | 23 | €998,237 | €1,414,441 | +€416,204 | +41.7% |
| Furniture and vehicles | 24 | €680 | €0 | -€680 | -100% |
| Other tangible fixed assets | 26 | €516,502 | €770,179 | +€253,677 | +49.1% |
| Assets under construction and advance payments | 27 | €274,990 | €106,993 | -€167,998 | -61.1% |
| Financial fixed assets | 28 | €1,544,632 | €1,620,485 | +€75,853 | +4.9% |
| Affiliated companies | 280/1 | €1,455,670 | €1,614,201 | +€158,532 | +10.9% |
| Participating interests | 280 | €41,130 | €41,130 | = | 0.0% |
| Amounts receivable | 281 | €1,414,540 | €1,573,071 | +€158,532 | +11.2% |
| Other financial fixed assets | 284/8 | €88,962 | €6,283 | -€82,679 | -92.9% |
| Amounts receivable and cash guarantees | 285/8 | €88,962 | €6,283 | -€82,679 | -92.9% |
| Current assets | 29/58 | €7,697,185 | €11,535,987 | +€3.8m | +49.9% |
| Stocks and contracts in progress | 3 | €3,526,188 | €4,957,328 | +€1.4m | +40.6% |
| Stocks | 30/36 | €2,594,001 | €3,901,226 | +€1.3m | +50.4% |
| Goods purchased for resale | 34 | €2,594,001 | €3,799,275 | +€1.2m | +46.5% |
| Advance payments | 36 | - | €101,951 | +€101,951 | |
| Contracts in progress | 37 | €932,188 | €1,056,102 | +€123,914 | +13.3% |
| Amounts receivable within one year | 40/41 | €3,573,266 | €5,646,748 | +€2.1m | +58.0% |
| Trade receivables | 40 | €3,238,623 | €5,119,812 | +€1.9m | +58.1% |
| Other amounts receivable | 41 | €334,644 | €526,936 | +€192,293 | +57.5% |
| Current investments | 50/53 | - | €124,950 | +€124,950 | |
| Other investments | 51/53 | - | €124,950 | +€124,950 | |
| Cash at bank and in hand | 54/58 | €583,574 | €789,315 | +€205,741 | +35.3% |
| Deferred charges and accrued income | 490/1 | €14,157 | €17,646 | +€3,489 | +24.6% |
| Total equity and liabilities | 10/49 | €11,170,522 | €15,580,494 | +€4.4m | +39.5% |
| Equity | 10/15 | €2,023,999 | €2,968,652 | +€944,653 | +46.7% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €1,273,136 | €2,218,652 | +€945,517 | +74.3% |
| Non-distributable reserves | 130/1 | €76,136 | €76,136 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,136 | +€1,136 | |
| Other | 1319 | €1,136 | - | -€1,136 | |
| Distributable reserves | 133 | €1,197,000 | €2,142,517 | +€945,517 | +79.0% |
| Profit (loss) carried forward | 14 | €863 | €0 | -€863 | -100% |
| Amounts payable | 17/49 | €9,146,523 | €12,611,842 | +€3.5m | +37.9% |
| Amounts payable within one year | 42/48 | €9,138,708 | €12,571,680 | +€3.4m | +37.6% |
| Trade debts | 44 | €7,635,715 | €8,076,418 | +€440,703 | +5.8% |
| Suppliers | 440/4 | €7,635,715 | €8,076,418 | +€440,703 | +5.8% |
| Taxes, remuneration and social security | 45 | €19,070 | €11,339 | -€7,732 | -40.5% |
| Taxes | 450/3 | €19,070 | €7,362 | -€11,708 | -61.4% |
| Remuneration and social security | 454/9 | - | €3,977 | +€3,977 | |
| Other amounts payable | 47/48 | €1,483,922 | €4,483,922 | +€3.0m | +202% |
| Accrued charges and deferred income | 492/3 | €7,815 | €40,162 | +€32,347 | +414% |
| Operating income | 70/76A | €27,873,693 | €42,740,080 | +€14.9m | +53.3% |
| Turnover | 70 | €27,339,484 | €42,593,591 | +€15.3m | +55.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €498,776 | €123,914 | -€374,862 | -75.2% |
| Other operating income | 74 | €35,433 | €22,575 | -€12,858 | -36.3% |
| Operating charges | 60/66A | €27,026,902 | €41,379,592 | +€14.4m | +53.1% |
| Goods for resale, raw materials and consumables | 60 | €25,047,473 | €38,845,298 | +€13.8m | +55.1% |
| Purchases | 600/8 | €26,008,846 | €40,050,573 | +€14.0m | +54.0% |
| Change in stocks: decrease (increase) | 609 | -€961,372 | -€1,205,275 | -€243,903 | -25.4% |
| Services and other goods | 61 | €1,712,424 | €1,965,469 | +€253,045 | +14.8% |
| Remuneration, social security and pensions | 62 | €2,386 | €29,183 | +€26,796 | +1,123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258,955 | €538,499 | +€279,544 | +108% |
| Other operating charges | 640/8 | €4,927 | €1,143 | -€3,784 | -76.8% |
| Non-recurring operating charges | 66A | €736 | €0 | -€736 | -100% |
| Operating profit (loss) | 9901 | €846,791 | €1,360,488 | +€513,697 | +60.7% |
| Financial income | 75/76B | €3,086 | €13,496 | +€10,410 | +337% |
| Recurring financial income | 75 | €3,086 | €13,496 | +€10,410 | +337% |
| Income from current assets | 751 | €274 | €1,048 | +€774 | +283% |
| Other financial income | 752/9 | €2,812 | €12,448 | +€9,636 | +343% |
| Financial charges | 65/66B | €14,407 | €112,440 | +€98,033 | +680% |
| Recurring financial charges | 65 | €14,407 | €112,440 | +€98,033 | +680% |
| Debt charges | 650 | €7,815 | €40,162 | +€32,347 | +414% |
| Other financial charges | 652/9 | €6,592 | €72,278 | +€65,686 | +996% |
| Profit (loss) for the period before taxes | 9903 | €835,470 | €1,261,543 | +€426,074 | +51.0% |
| Income taxes | 67/77 | €209,727 | €316,890 | +€107,163 | +51.1% |
| Taxes | 670/3 | €209,727 | €316,890 | +€107,163 | +51.1% |
| Profit (loss) for the period | 9904 | €625,742 | €944,653 | +€318,911 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €625,742 | €944,653 | +€318,911 | +51.0% |
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 13 October 2026 via checked.be.