EURO - DRAGON: what changed
What changed
EURO - DRAGON
filed annual accounts (NBB)
Net result for the year
-€6,732
2024 · €3,475-€10,206
Equity
€77,288
2024 · €84,020-€6,732
Cash
€2,037
2024 · €2,037
Balance sheet total
€151,904
2024 · €154,871-€2,967
Largest movements
Assets
- Tangible fixed assets -€1,785
down €1,785 (-10.2%), from €17,551 to €15,766
Equity and liabilities
- Reserves -€6,732
down €6,732 (-12.7%), from €53,033 to €46,302
of which Distributable reserves: -€6,732
- Accrued charges and deferred income +€2,275
up €2,275 (+61.2%), from €3,719 to €5,994
Income statement
- Gross operating margin -€11,134
down €11,134, from €9,172 to -€1,962
- Taxes -€736
no longer reported in 2025 (was €736)
- Financial income +€245
up €245 (+83.8%), from €293 to €538
- Other operating charges +€99
up €99 (+3.0%), from €3,356 to €3,455
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3,475
Gross operating margin
-€11,134
Other operating charges
-€99
Financial income
+€245
Financial charges
+€46
Taxes
+€736
Result 2025
-€6,732
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
€0
Investment
€0
Financing
€0
Cash 2024
€2,037
From operations (derived)
€0
Net result for the year
-€6,732
Depreciation
+€1,785
Receivables within one year
+€1,182
Trade debts
+€1,490
Accrued charges and deferred income
+€2,275
Cash 2025
€2,037
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,871 | €151,904 | -€2,967 | -1.9% |
| Fixed assets | 21/28 | €17,551 | €15,766 | -€1,785 | -10.2% |
| Tangible fixed assets | 22/27 | €17,551 | €15,766 | -€1,785 | -10.2% |
| Land and buildings | 22 | €17,551 | €15,766 | -€1,785 | -10.2% |
| Current assets | 29/58 | €137,320 | €136,138 | -€1,182 | -0.9% |
| Amounts receivable within one year | 40/41 | €135,283 | €134,101 | -€1,182 | -0.9% |
| Other amounts receivable | 41 | €135,283 | €134,101 | -€1,182 | -0.9% |
| Cash at bank and in hand | 54/58 | €2,037 | €2,037 | = | 0.0% |
| Total equity and liabilities | 10/49 | €154,871 | €151,904 | -€2,967 | -1.9% |
| Equity | 10/15 | €84,020 | €77,288 | -€6,732 | -8.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €53,033 | €46,302 | -€6,732 | -12.7% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €49,934 | €43,203 | -€6,732 | -13.5% |
| Amounts payable | 17/49 | €70,851 | €74,616 | +€3,765 | +5.3% |
| Amounts payable within one year | 42/48 | €67,132 | €68,622 | +€1,490 | +2.2% |
| Trade debts | 44 | €55,499 | €56,989 | +€1,490 | +2.7% |
| Suppliers | 440/4 | €55,499 | €56,989 | +€1,490 | +2.7% |
| Taxes, remuneration and social security | 45 | €2,545 | €2,545 | = | 0.0% |
| Taxes | 450/3 | €2,545 | €2,545 | = | 0.0% |
| Other amounts payable | 47/48 | €9,088 | €9,088 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,719 | €5,994 | +€2,275 | +61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,785 | €1,785 | = | 0.0% |
| Other operating charges | 640/8 | €3,356 | €3,455 | +€99 | +3.0% |
| Gross operating margin | 9900 | €9,172 | -€1,962 | -€11,134 | |
| Operating profit (loss) | 9901 | €4,031 | -€7,202 | -€11,234 | |
| Financial income | 75/76B | €293 | €538 | +€245 | +83.8% |
| Recurring financial income | 75 | €293 | €538 | +€245 | +83.8% |
| Financial charges | 65/66B | €113 | €67 | -€46 | -40.5% |
| Recurring financial charges | 65 | €113 | €67 | -€46 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €4,211 | -€6,732 | -€10,943 | |
| Income taxes | 67/77 | €736 | - | -€736 | |
| Profit (loss) for the period | 9904 | €3,475 | -€6,732 | -€10,206 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,475 | -€6,732 | -€10,206 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.