DRYSECO: 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.
What changed
DRYSECO
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€107,306
2024 · €110,020-€2,714
Equity
€379,473
2024 · €284,372+€95,101
Cash
€49,048
2024 · €64,432-€15,384
Balance sheet total
€1.7m
2024 · €1.7m+€76,398
Largest movements
Assets
- Receivables after one year +€60,793
up €60,793 (+4.0%), from €1.5m to €1.6m
- Receivables within one year +€34,607
up €34,607 (+121.4%), from €28,514 to €63,121
of which Other amounts receivable: +€23,838
Equity and liabilities
- Reserves +€95,101
up €95,101 (+34.2%), from €278,172 to €373,273
- Debts after one year -€48,750
down €48,750 (-3.9%), from €1.3m to €1.2m
of which Other amounts payable: -€48,750
Income statement
- Gross operating margin -€7,310
down €7,310 (-6.1%), from €120,657 to €113,347
- Financial income +€2,557
up €2,557 (+4.3%), from €59,112 to €61,669
- Financial charges -€2,503
down €2,503 (-11.4%), from €21,880 to €19,377
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
€110,020
Gross operating margin
-€7,310
Depreciation
-€402
Other operating charges
-€95
Financial income
+€2,557
Financial charges
+€2,503
Taxes
+€33
Result 2025
€107,306
Cash bridge derived
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
+€36,564
Investment
€0
Financing
-€51,948
Cash 2024
€64,432
From operations (derived)
+€36,564
Net result for the year
+€107,306
Depreciation
+€5,941
Receivables after one year
-€60,793
Receivables within one year
-€34,607
Deferred charges and accrued income
-€2,323
Trade debts
+€3,705
Tax, wage and social debts
+€14,995
Other debts
+€1,509
Accrued charges and deferred income
+€832
Financing
-€51,948
Debts after one year
-€48,750
Short-term financial debts
+€9,007
Contributions, distributions and other
-€12,205
Cash 2025
€49,048
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,653,807 | €1,730,205 | +€76,398 | +4.6% |
| Fixed assets | 21/28 | €27,527 | €21,585 | -€5,941 | -21.6% |
| Tangible fixed assets | 22/27 | €27,527 | €21,585 | -€5,941 | -21.6% |
| Plant, machinery and equipment | 23 | - | €1,104 | +€1,104 | |
| Furniture and vehicles | 24 | €15,197 | €9,755 | -€5,443 | -35.8% |
| Other tangible fixed assets | 26 | €12,329 | €10,727 | -€1,603 | -13.0% |
| Current assets | 29/58 | €1,626,280 | €1,708,620 | +€82,340 | +5.1% |
| Amounts receivable after more than one year | 29 | €1,524,835 | €1,585,629 | +€60,793 | +4.0% |
| Other amounts receivable | 291 | €1,524,835 | €1,585,629 | +€60,793 | +4.0% |
| Amounts receivable within one year | 40/41 | €28,514 | €63,121 | +€34,607 | +121.4% |
| Trade receivables | 40 | €27,291 | €38,060 | +€10,769 | +39.5% |
| Other amounts receivable | 41 | €1,223 | €25,061 | +€23,838 | +1949.7% |
| Cash at bank and in hand | 54/58 | €64,432 | €49,048 | -€15,384 | -23.9% |
| Deferred charges and accrued income | 490/1 | €8,499 | €10,823 | +€2,323 | +27.3% |
| Total equity and liabilities | 10/49 | €1,653,807 | €1,730,205 | +€76,398 | +4.6% |
| Equity | 10/15 | €284,372 | €379,473 | +€95,101 | +33.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €278,172 | €373,273 | +€95,101 | +34.2% |
| Distributable reserves | 133 | €278,172 | €373,273 | +€95,101 | +34.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,369,435 | €1,350,732 | -€18,703 | -1.4% |
| Amounts payable after more than one year | 17 | €1,255,938 | €1,207,188 | -€48,750 | -3.9% |
| Financial debts | 170/4 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts payable | 178/9 | €255,938 | €207,188 | -€48,750 | -19.0% |
| Amounts payable within one year | 42/48 | €111,136 | €140,352 | +€29,216 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €48,750 | €48,750 | = | 0.0% |
| Financial debts | 43 | €13,467 | €22,474 | +€9,007 | +66.9% |
| Credit institutions | 430/8 | €13,467 | €22,474 | +€9,007 | +66.9% |
| Trade debts | 44 | €12,677 | €16,381 | +€3,705 | +29.2% |
| Suppliers | 440/4 | €12,677 | €16,381 | +€3,705 | +29.2% |
| Taxes, remuneration and social security | 45 | €17,012 | €32,006 | +€14,995 | +88.1% |
| Taxes | 450/3 | €17,012 | €29,456 | +€12,444 | +73.2% |
| Remuneration and social security | 454/9 | - | €2,551 | +€2,551 | |
| Other amounts payable | 47/48 | €19,230 | €20,739 | +€1,509 | +7.8% |
| Accrued charges and deferred income | 492/3 | €2,361 | €3,193 | +€832 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,539 | €5,941 | +€402 | +7.3% |
| Other operating charges | 640/8 | €1,199 | €1,294 | +€95 | +7.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €120,657 | €113,347 | -€7,310 | -6.1% |
| Operating profit (loss) | 9901 | €113,919 | €106,112 | -€7,807 | -6.9% |
| Financial income | 75/76B | €59,112 | €61,669 | +€2,557 | +4.3% |
| Recurring financial income | 75 | €59,112 | €61,669 | +€2,557 | +4.3% |
| Financial charges | 65/66B | €21,880 | €19,377 | -€2,503 | -11.4% |
| Recurring financial charges | 65 | €21,880 | €19,377 | -€2,503 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €151,150 | €148,403 | -€2,747 | -1.8% |
| Income taxes | 67/77 | €41,130 | €41,097 | -€33 | -0.1% |
| Profit (loss) for the period | 9904 | €110,020 | €107,306 | -€2,714 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €110,020 | €107,306 | -€2,714 | -2.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.