DRYSECH: 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.
DRYSECH
Largest movements
- Receivables within one year +€79,924
up €79,924 (+109.1%), from €73,258 to €153,182
of which Other amounts receivable: +€62,350
- Cash -€20,564
down €20,564 (-10.1%), from €202,941 to €182,377
- Reserves -€60,060
down €60,060 (-47.4%), from €126,634 to €66,574
of which Non-distributable reserves: -€60,060
- Other debts +€48,450
new in 2024: €48,450
- Profit (loss) carried forward +€44,873
up €44,873 (+95.1%), from -€47,180 to -€2,308
- Tax, wage and social debts +€34,684
up €34,684 (+179.4%), from €19,334 to €54,018
- Debts after one year -€25,071
down €25,071 (-41.0%), from €61,210 to €36,139
- Gross operating margin +€36,477
up €36,477 (+101.6%), from €35,918 to €72,395
- Taxes +€16,268
up €16,268 (+6977.3%), from €233 to €16,501
- Other operating charges +€4,439
up €4,439 (+150.5%), from €2,950 to €7,389
- Depreciation -€3,585
down €3,585 (-46.9%), from €7,649 to €4,064
- Financial income +€2,802
up €2,802 (+121.5%), from €2,307 to €5,109
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,914 | €341,869 | +€59,955 | +21.3% |
| Fixed assets | 21/28 | €4,693 | €6,310 | +€1,617 | +34.5% |
| Tangible fixed assets | 22/27 | €4,693 | €6,310 | +€1,617 | +34.5% |
| Furniture and vehicles | 24 | €1,525 | €2,000 | +€475 | +31.2% |
| Other tangible fixed assets | 26 | €3,169 | €4,310 | +€1,141 | +36.0% |
| Current assets | 29/58 | €277,220 | €335,559 | +€58,338 | +21.0% |
| Amounts receivable within one year | 40/41 | €73,258 | €153,182 | +€79,924 | +109.1% |
| Trade receivables | 40 | €37,241 | €54,815 | +€17,574 | +47.2% |
| Other amounts receivable | 41 | €36,017 | €98,367 | +€62,350 | +173.1% |
| Cash at bank and in hand | 54/58 | €202,941 | €182,377 | -€20,564 | -10.1% |
| Deferred charges and accrued income | 490/1 | €1,021 | - | -€1,021 | |
| Total equity and liabilities | 10/49 | €281,914 | €341,869 | +€59,955 | +21.3% |
| Equity | 10/15 | €157,653 | €151,526 | -€6,127 | -3.9% |
| Contributions | 10/11 | €78,200 | €87,260 | +€9,060 | +11.6% |
| Reserves | 13 | €126,634 | €66,574 | -€60,060 | -47.4% |
| Non-distributable reserves | 130/1 | €126,560 | €66,500 | -€60,060 | -47.5% |
| Reserves not available under the articles | 1311 | €9,060 | - | -€9,060 | |
| Other | 1319 | €117,500 | €66,500 | -€51,000 | -43.4% |
| Distributable reserves | 133 | €74 | €74 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,180 | -€2,308 | +€44,873 | +95.1% |
| Provisions and deferred taxes | 16 | €8,400 | €8,400 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €8,400 | €8,400 | = | 0.0% |
| Other liabilities and charges | 164/5 | €8,400 | €8,400 | = | 0.0% |
| Amounts payable | 17/49 | €115,860 | €181,943 | +€66,083 | +57.0% |
| Amounts payable after more than one year | 17 | €61,210 | €36,139 | -€25,071 | -41.0% |
| Financial debts | 170/4 | €61,210 | €36,139 | -€25,071 | -41.0% |
| Amounts payable within one year | 42/48 | €54,476 | €145,804 | +€91,328 | +167.6% |
| Current portion of amounts payable after more than one year | 42 | €19,454 | €16,801 | -€2,653 | -13.6% |
| Trade debts | 44 | €15,688 | €26,536 | +€10,847 | +69.1% |
| Suppliers | 440/4 | €15,688 | €26,536 | +€10,847 | +69.1% |
| Taxes, remuneration and social security | 45 | €19,334 | €54,018 | +€34,684 | +179.4% |
| Taxes | 450/3 | €19,334 | €54,018 | +€34,684 | +179.4% |
| Other amounts payable | 47/48 | - | €48,450 | +€48,450 | |
| Accrued charges and deferred income | 492/3 | €174 | - | -€174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,649 | €4,064 | -€3,585 | -46.9% |
| Other operating charges | 640/8 | €2,950 | €7,389 | +€4,439 | +150.5% |
| Non-recurring operating charges | 66A | €833 | - | -€833 | |
| Gross operating margin | 9900 | €35,918 | €72,395 | +€36,477 | +101.6% |
| Operating profit (loss) | 9901 | €24,486 | €60,941 | +€36,455 | +148.9% |
| Financial income | 75/76B | €2,307 | €5,109 | +€2,802 | +121.5% |
| Recurring financial income | 75 | €2,307 | €5,109 | +€2,802 | +121.5% |
| Financial charges | 65/66B | €2,113 | €4,677 | +€2,564 | +121.4% |
| Recurring financial charges | 65 | €2,113 | €4,677 | +€2,564 | +121.4% |
| Profit (loss) for the period before taxes | 9903 | €24,680 | €61,373 | +€36,693 | +148.7% |
| Income taxes | 67/77 | €233 | €16,501 | +€16,268 | +6977.3% |
| Profit (loss) for the period | 9904 | €24,447 | €44,873 | +€20,425 | +83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,447 | €44,873 | +€20,425 | +83.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.