DRY XL: 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 XL
Largest movements
- Cash +€148,111
up €148,111 (+155%), from €95,301 to €243,411
mainly Receivables within one year (+€114,960) and Depreciation (+€25,532)
- Receivables within one year -€114,960
down €114,960 (-69.8%), from €164,732 to €49,771
of which Trade receivables: -€89,732
- Tangible fixed assets -€13,888
down €13,888 (-16.3%), from €85,346 to €71,458
of which Other tangible fixed assets: -€9,944
- Stocks and contracts +€13,660
up €13,660 (+102%), from €13,338 to €26,998
- Trade debts +€24,922
up €24,922 (+22.4%), from €111,318 to €136,240
- Profit (loss) carried forward +€22,435
up €22,435 (+21.9%), from €102,469 to €124,904
- Tax, wage and social debts -€14,435
down €14,435 (-22.4%), from €64,565 to €50,130
of which Taxes: -€9,520
- Purchases and services +€267,152
up €267,152 (+34.5%), from €773,526 to €1.0m
- Turnover +€156,459
up €156,459 (+11.9%), from €1.3m to €1.5m
- Gross operating margin -€110,693
down €110,693 (-20.4%), from €543,898 to €433,205
- Staff costs -€92,925
down €92,925 (-20.0%), from €465,354 to €372,428
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.
Derived cash bridge
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 | €361,352 | €394,274 | +€32,922 | +9.1% |
| Fixed assets | 21/28 | €87,981 | €74,093 | -€13,888 | -15.8% |
| Tangible fixed assets | 22/27 | €85,346 | €71,458 | -€13,888 | -16.3% |
| Plant, machinery and equipment | 23 | €6,693 | €4,595 | -€2,098 | -31.4% |
| Furniture and vehicles | 24 | €33,746 | €31,900 | -€1,846 | -5.5% |
| Other tangible fixed assets | 26 | €44,907 | €34,963 | -€9,944 | -22.1% |
| Financial fixed assets | 28 | €2,635 | €2,635 | = | 0.0% |
| Current assets | 29/58 | €273,371 | €320,181 | +€46,810 | +17.1% |
| Stocks and contracts in progress | 3 | €13,338 | €26,998 | +€13,660 | +102% |
| Stocks | 30/36 | €13,338 | €26,998 | +€13,660 | +102% |
| Amounts receivable within one year | 40/41 | €164,732 | €49,771 | -€114,960 | -69.8% |
| Trade receivables | 40 | €89,732 | - | -€89,732 | |
| Other amounts receivable | 41 | €75,000 | €49,771 | -€25,229 | -33.6% |
| Cash at bank and in hand | 54/58 | €95,301 | €243,411 | +€148,111 | +155% |
| Total equity and liabilities | 10/49 | €361,352 | €394,274 | +€32,922 | +9.1% |
| Equity | 10/15 | €185,469 | €207,904 | +€22,435 | +12.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €63,000 | €63,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,469 | €124,904 | +€22,435 | +21.9% |
| Amounts payable | 17/49 | €175,882 | €186,370 | +€10,487 | +6.0% |
| Amounts payable within one year | 42/48 | €175,882 | €186,370 | +€10,487 | +6.0% |
| Trade debts | 44 | €111,318 | €136,240 | +€24,922 | +22.4% |
| Suppliers | 440/4 | €111,318 | €136,240 | +€24,922 | +22.4% |
| Taxes, remuneration and social security | 45 | €64,565 | €50,130 | -€14,435 | -22.4% |
| Taxes | 450/3 | €11,414 | €1,894 | -€9,520 | -83.4% |
| Remuneration and social security | 454/9 | €53,151 | €48,236 | -€4,915 | -9.2% |
| Turnover | 70 | €1,317,424 | €1,473,883 | +€156,459 | +11.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €773,526 | €1,040,677 | +€267,152 | +34.5% |
| Remuneration, social security and pensions | 62 | €465,354 | €372,428 | -€92,925 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,265 | €25,532 | -€5,732 | -18.3% |
| Other operating charges | 640/8 | €3,397 | €3,473 | +€76 | +2.2% |
| Gross operating margin | 9900 | €543,898 | €433,205 | -€110,693 | -20.4% |
| Operating profit (loss) | 9901 | €43,883 | €31,772 | -€12,111 | -27.6% |
| Financial charges | 65/66B | €7,901 | €9,109 | +€1,207 | +15.3% |
| Recurring financial charges | 65 | €7,901 | €9,109 | +€1,207 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €35,982 | €22,664 | -€13,319 | -37.0% |
| Income taxes | 67/77 | €11,118 | €229 | -€10,889 | -97.9% |
| Profit (loss) for the period | 9904 | €24,865 | €22,435 | -€2,430 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,865 | €22,435 | -€2,430 | -9.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.