DTRA: 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
DTRA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €677,555+€954,069
Equity
€78.2m
2024 · €76.6m+€1.6m
Cash
€655,188
2024 · €441,071+€214,117
Balance sheet total
€78.5m
2024 · €76.7m+€1.8m
Largest movements
Assets
- Tangible fixed assets +€2.6m
up €2.6m (+24.1%), from €11.0m to €13.6m
of which Furniture and vehicles: +€2.6m
- Current investments -€2.2m
down €2.2m (-8.1%), from €26.5m to €24.3m
- Receivables within one year +€1.0m
up €1.0m (+3.7%), from €28.2m to €29.3m
of which Other amounts receivable: +€945,760
Equity and liabilities
- Reserves +€1.6m
up €1.6m (+2.1%), from €76.3m to €78.0m
of which Distributable reserves: +€2.0m
Income statement
- Financial income +€932,877
up €932,877 (+82.5%), from €1.1m to €2.1m
of which Financial income: +€928,974
- Taxes -€121,147
down €121,147 (-43.9%), from €276,099 to €154,953
- Gross operating margin -€73,794
down €73,794 (-18.1%), from €407,012 to €333,218
- Financial charges +€23,994
up €23,994 (+15.8%), from €151,448 to €175,442
- Other operating charges -€19,641
down €19,641 (-53.1%), from €37,022 to €17,381
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
€677,555
Gross operating margin
-€73,794
Staff costs
-€3,898
Depreciation
-€13,875
Write-downs
-€4,035
Other operating charges
+€19,641
Financial income
+€932,877
Financial charges
-€23,994
Taxes
+€121,147
Result 2025
€1.6m
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
+€921,037
Investment
-€706,920
Financing
€0
Cash 2024
€441,071
From operations (derived)
+€921,037
Net result for the year
+€1.6m
Depreciation
+€186,585
Stocks and contracts
-€12,178
Receivables within one year
-€1.0m
Smaller working-capital items
-€1,461
Trade debts
+€58,080
Other debts
+€89,114
Investment (derived)
-€706,920
Investment in fixed assets (net)
-€2.9m
Current investments
+€2.2m
Cash 2025
€655,188
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,739,339 | €78,512,593 | +€1.8m | +2.3% |
| Fixed assets | 21/28 | €20,588,189 | €23,260,321 | +€2.7m | +13.0% |
| Tangible fixed assets | 22/27 | €10,980,668 | €13,627,823 | +€2.6m | +24.1% |
| Land and buildings | 22 | €1,004,760 | €940,207 | -€64,553 | -6.4% |
| Plant, machinery and equipment | 23 | - | €103,943 | +€103,943 | |
| Furniture and vehicles | 24 | €9,975,908 | €12,583,673 | +€2.6m | +26.1% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €9,607,521 | €9,632,498 | +€24,977 | +0.3% |
| Current assets | 29/58 | €56,151,149 | €55,252,271 | -€898,878 | -1.6% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €56,954 | €69,132 | +€12,178 | +21.4% |
| Stocks | 30/36 | €56,954 | €69,132 | +€12,178 | +21.4% |
| Amounts receivable within one year | 40/41 | €28,224,413 | €29,255,139 | +€1.0m | +3.7% |
| Trade receivables | 40 | €39,557 | €124,523 | +€84,967 | +214.8% |
| Other amounts receivable | 41 | €28,184,856 | €29,130,616 | +€945,760 | +3.4% |
| Current investments | 50/53 | €26,487,700 | €24,335,903 | -€2.2m | -8.1% |
| Cash at bank and in hand | 54/58 | €441,071 | €655,188 | +€214,117 | +48.5% |
| Deferred charges and accrued income | 490/1 | €541,011 | €536,909 | -€4,103 | -0.8% |
| Total equity and liabilities | 10/49 | €76,739,339 | €78,512,593 | +€1.8m | +2.3% |
| Equity | 10/15 | €76,583,804 | €78,215,428 | +€1.6m | +2.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €76,333,804 | €77,965,428 | +€1.6m | +2.1% |
| Non-distributable reserves | 130/1 | €174,850 | €174,850 | = | 0.0% |
| Legal reserve | 130 | €174,850 | €174,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €355,219 | €0 | -€355,219 | -100.0% |
| Distributable reserves | 133 | €75,803,736 | €77,790,578 | +€2.0m | +2.6% |
| Amounts payable | 17/49 | €155,534 | €297,165 | +€141,630 | +91.1% |
| Amounts payable within one year | 42/48 | €147,367 | €289,188 | +€141,821 | +96.2% |
| Trade debts | 44 | €85,422 | €143,503 | +€58,080 | +68.0% |
| Suppliers | 440/4 | €85,422 | €143,503 | +€58,080 | +68.0% |
| Taxes, remuneration and social security | 45 | €51,095 | €45,722 | -€5,374 | -10.5% |
| Taxes | 450/3 | €20,481 | €20,738 | +€257 | +1.3% |
| Remuneration and social security | 454/9 | €30,614 | €24,984 | -€5,631 | -18.4% |
| Other amounts payable | 47/48 | €10,850 | €99,964 | +€89,114 | +821.3% |
| Accrued charges and deferred income | 492/3 | €8,167 | €7,977 | -€190 | -2.3% |
| Non-recurring operating income | 76A | €0 | €2,262 | +€2,262 | |
| Remuneration, social security and pensions | 62 | €227,245 | €231,143 | +€3,898 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,710 | €186,585 | +€13,875 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,035 | €0 | +€4,035 | |
| Other operating charges | 640/8 | €37,022 | €17,381 | -€19,641 | -53.1% |
| Gross operating margin | 9900 | €407,012 | €333,218 | -€73,794 | -18.1% |
| Operating profit (loss) | 9901 | -€25,930 | -€101,892 | -€75,961 | -292.9% |
| Financial income | 75/76B | €1,131,032 | €2,063,909 | +€932,877 | +82.5% |
| Recurring financial income | 75 | €1,109,958 | €2,038,932 | +€928,974 | +83.7% |
| Non-recurring financial income | 76B | €21,073 | €24,977 | +€3,903 | +18.5% |
| Financial charges | 65/66B | €151,448 | €175,442 | +€23,994 | +15.8% |
| Recurring financial charges | 65 | €151,448 | €175,442 | +€23,994 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €953,654 | €1,786,576 | +€832,922 | +87.3% |
| Income taxes | 67/77 | €276,099 | €154,953 | -€121,147 | -43.9% |
| Profit (loss) for the period | 9904 | €677,555 | €1,631,623 | +€954,069 | +140.8% |
| Transfer from tax-exempt reserves | 789 | €276,281 | €355,219 | +€78,938 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €953,836 | €1,986,842 | +€1.0m | +108.3% |
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 7 October 2026 via checked.be.