LE DRAGON ROYAL: 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.
LE DRAGON ROYAL
Largest movements
- Tangible fixed assets +€27,302
up €27,302 (+657%), from €4,157 to €31,459
of which Furniture and vehicles: +€26,850
- Cash -€8,363
down €8,363 (-18.2%), from €45,992 to €37,629
mainly Investment in fixed assets (net) (-€34,277) and Net result for the year (-€3,866)
- Receivables within one year -€1,709
down €1,709 (-46.1%), from €3,709 to €2,000
of which Other amounts receivable: -€1,369
- Debts after one year +€14,965
new in 2025: €14,965
- Current portion of long-term debt +€4,181
up €4,181 (+401%), from €1,042 to €5,223
- Profit (loss) carried forward -€3,866
down €3,866 (-9.9%), from €39,107 to €35,242
- Tax, wage and social debts +€1,033
up €1,033 (+31.3%), from €3,299 to €4,332
of which Remuneration and social security: +€722
- Financial charges -€4,252
down €4,252 (-72.6%), from €5,856 to €1,604
- Depreciation +€2,376
up €2,376 (+51.7%), from €4,599 to €6,975
- Gross operating margin -€1,521
down €1,521 (-10.4%), from €14,677 to €13,156
- Staff costs -€830
down €830 (-17.2%), from €4,831 to €4,001
- Other operating charges +€724
up €724 (+23.4%), from €3,097 to €3,821
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.
Derived cash bridge
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 | €56,154 | €73,517 | +€17,363 | +30.9% |
| Fixed assets | 21/28 | €4,157 | €31,459 | +€27,302 | +657% |
| Tangible fixed assets | 22/27 | €4,157 | €31,459 | +€27,302 | +657% |
| Plant, machinery and equipment | 23 | - | €939 | +€939 | |
| Furniture and vehicles | 24 | €2,298 | €29,148 | +€26,850 | +1,168% |
| Other tangible fixed assets | 26 | €1,859 | €1,372 | -€487 | -26.2% |
| Current assets | 29/58 | €51,997 | €42,058 | -€9,939 | -19.1% |
| Stocks and contracts in progress | 3 | €1,488 | €1,896 | +€408 | +27.4% |
| Stocks | 30/36 | €1,488 | €1,896 | +€408 | +27.4% |
| Amounts receivable within one year | 40/41 | €3,709 | €2,000 | -€1,709 | -46.1% |
| Trade receivables | 40 | €340 | - | -€340 | |
| Other amounts receivable | 41 | €3,369 | €2,000 | -€1,369 | -40.6% |
| Cash at bank and in hand | 54/58 | €45,992 | €37,629 | -€8,363 | -18.2% |
| Deferred charges and accrued income | 490/1 | €808 | €533 | -€275 | -34.0% |
| Total equity and liabilities | 10/49 | €56,154 | €73,517 | +€17,363 | +30.9% |
| Equity | 10/15 | €49,107 | €45,242 | -€3,866 | -7.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,107 | €35,242 | -€3,866 | -9.9% |
| Amounts payable | 17/49 | €7,046 | €28,275 | +€21,229 | +301% |
| Amounts payable after more than one year | 17 | - | €14,965 | +€14,965 | |
| Financial debts | 170/4 | - | €14,965 | +€14,965 | |
| Amounts payable within one year | 42/48 | €7,046 | €13,310 | +€6,264 | +88.9% |
| Current portion of amounts payable after more than one year | 42 | €1,042 | €5,223 | +€4,181 | +401% |
| Trade debts | 44 | €1,131 | €1,816 | +€685 | +60.5% |
| Suppliers | 440/4 | €1,131 | €1,816 | +€685 | +60.5% |
| Taxes, remuneration and social security | 45 | €3,299 | €4,332 | +€1,033 | +31.3% |
| Taxes | 450/3 | €2,287 | €2,598 | +€311 | +13.6% |
| Remuneration and social security | 454/9 | €1,012 | €1,734 | +€722 | +71.3% |
| Other amounts payable | 47/48 | €1,574 | €1,940 | +€365 | +23.2% |
| Remuneration, social security and pensions | 62 | €4,831 | €4,001 | -€830 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,599 | €6,975 | +€2,376 | +51.7% |
| Other operating charges | 640/8 | €3,097 | €3,821 | +€724 | +23.4% |
| Non-recurring operating charges | 66A | - | €121 | +€121 | |
| Gross operating margin | 9900 | €14,677 | €13,156 | -€1,521 | -10.4% |
| Operating profit (loss) | 9901 | €2,149 | -€1,762 | -€3,911 | |
| Financial income | 75/76B | €330 | €1 | -€330 | -99.8% |
| Recurring financial income | 75 | €330 | €1 | -€330 | -99.8% |
| Financial charges | 65/66B | €5,856 | €1,604 | -€4,252 | -72.6% |
| Recurring financial charges | 65 | €5,856 | €1,604 | -€4,252 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,377 | -€3,366 | +€11 | +0.3% |
| Income taxes | 67/77 | €140 | €500 | +€360 | +257% |
| Profit (loss) for the period | 9904 | -€3,517 | -€3,866 | -€349 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,517 | -€3,866 | -€349 | -9.9% |
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 23 October 2026 via checked.be.