EMILIEN DRON: 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.
EMILIEN DRON
Largest movements
- Tangible fixed assets +€169,193
up €169,193 (+73.4%), from €230,485 to €399,678
of which Assets under construction and advance payments: +€85,447
- Receivables within one year -€12,401
down €12,401 (-14.5%), from €85,374 to €72,974
of which Other amounts receivable: -€8,007
- Trade debts +€180,319
up €180,319 (+831.6%), from €21,684 to €202,003
- Debts after one year -€101,805
down €101,805 (-44.9%), from €226,657 to €124,853
of which Other amounts payable: -€70,000
- Other debts +€56,958
up €56,958 (+450.9%), from €12,631 to €69,589
- Profit (loss) carried forward +€14,207
up €14,207 (+235.6%), from €6,030 to €20,237
- Gross operating margin +€104,360
up €104,360 (+239.0%), from €43,660 to €148,020
- Depreciation +€59,433
up €59,433 (+358.0%), from €16,602 to €76,035
- Staff costs +€38,354
up €38,354 (+309.2%), from €12,404 to €50,758
- Financial charges +€4,357
up €4,357 (+277.0%), from €1,573 to €5,929
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333,010 | €485,647 | +€152,637 | +45.8% |
| Fixed assets | 21/28 | €230,485 | €399,678 | +€169,193 | +73.4% |
| Tangible fixed assets | 22/27 | €230,485 | €399,678 | +€169,193 | +73.4% |
| Land and buildings | 22 | €116,247 | €111,860 | -€4,388 | -3.8% |
| Plant, machinery and equipment | 23 | €84,265 | €148,960 | +€64,695 | +76.8% |
| Furniture and vehicles | 24 | €29,973 | €53,412 | +€23,439 | +78.2% |
| Assets under construction and advance payments | 27 | - | €85,447 | +€85,447 | |
| Current assets | 29/58 | €102,525 | €85,969 | -€16,556 | -16.1% |
| Amounts receivable within one year | 40/41 | €85,374 | €72,974 | -€12,401 | -14.5% |
| Trade receivables | 40 | €64,589 | €60,195 | -€4,394 | -6.8% |
| Other amounts receivable | 41 | €20,785 | €12,778 | -€8,007 | -38.5% |
| Cash at bank and in hand | 54/58 | €15,379 | €12,271 | -€3,108 | -20.2% |
| Deferred charges and accrued income | 490/1 | €1,772 | €724 | -€1,048 | -59.1% |
| Total equity and liabilities | 10/49 | €333,010 | €485,647 | +€152,637 | +45.8% |
| Equity | 10/15 | €38,030 | €52,237 | +€14,207 | +37.4% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,030 | €20,237 | +€14,207 | +235.6% |
| Amounts payable | 17/49 | €294,980 | €433,410 | +€138,430 | +46.9% |
| Amounts payable after more than one year | 17 | €226,657 | €124,853 | -€101,805 | -44.9% |
| Financial debts | 170/4 | €156,657 | €124,853 | -€31,805 | -20.3% |
| Other amounts payable | 178/9 | €70,000 | - | -€70,000 | |
| Amounts payable within one year | 42/48 | €68,323 | €307,577 | +€239,254 | +350.2% |
| Current portion of amounts payable after more than one year | 42 | €30,398 | €31,805 | +€1,406 | +4.6% |
| Trade debts | 44 | €21,684 | €202,003 | +€180,319 | +831.6% |
| Suppliers | 440/4 | €21,684 | €202,003 | +€180,319 | +831.6% |
| Taxes, remuneration and social security | 45 | €3,610 | €4,181 | +€572 | +15.8% |
| Taxes | 450/3 | €1,341 | €241 | -€1,101 | -82.1% |
| Remuneration and social security | 454/9 | €2,268 | €3,941 | +€1,672 | +73.7% |
| Other amounts payable | 47/48 | €12,631 | €69,589 | +€56,958 | +450.9% |
| Accrued charges and deferred income | 492/3 | - | €980 | +€980 | |
| Remuneration, social security and pensions | 62 | €12,404 | €50,758 | +€38,354 | +309.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,602 | €76,035 | +€59,433 | +358.0% |
| Other operating charges | 640/8 | €455 | €876 | +€422 | +92.7% |
| Non-recurring operating charges | 66A | €5,255 | - | -€5,255 | |
| Gross operating margin | 9900 | €43,660 | €148,020 | +€104,360 | +239.0% |
| Operating profit (loss) | 9901 | €8,944 | €20,350 | +€11,406 | +127.5% |
| Financial income | 75/76B | €0 | €27 | +€26 | +8493.5% |
| Recurring financial income | 75 | €0 | €27 | +€26 | +8493.5% |
| Financial charges | 65/66B | €1,573 | €5,929 | +€4,357 | +277.0% |
| Recurring financial charges | 65 | €1,573 | €5,929 | +€4,357 | +277.0% |
| Profit (loss) for the period before taxes | 9903 | €7,372 | €14,448 | +€7,076 | +96.0% |
| Income taxes | 67/77 | €1,341 | €241 | -€1,101 | -82.1% |
| Profit (loss) for the period | 9904 | €6,030 | €14,207 | +€8,177 | +135.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,030 | €14,207 | +€8,177 | +135.6% |
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 11 October 2026 via checked.be.