M2 Drone-Arch: 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.
M2 Drone-Arch
Largest movements
- Tangible fixed assets +€51,258
up €51,258 (+22.4%), from €229,218 to €280,476
of which Furniture and vehicles: +€70,711
- Cash +€8,929
up €8,929 (+26.5%), from €33,721 to €42,649
mainly Net result for the year (+€45,198) and Depreciation (+€22,173)
- Current investments -€6,000
no longer reported in 2025 (was €6,000)
- Receivables within one year +€4,518
up €4,518 (+22.4%), from €20,175 to €24,693
of which Trade receivables: +€15,981
- Reserves +€45,198
up €45,198 (+25.5%), from €177,255 to €222,453
of which Distributable reserves: +€45,198
- Debts after one year +€10,108
up €10,108 (+17.2%), from €58,862 to €68,970
- Current portion of long-term debt +€8,359
up €8,359 (+38.9%), from €21,508 to €29,867
- Gross operating margin +€35,225
up €35,225 (+63.6%), from €55,418 to €90,643
- Taxes +€14,749
up €14,749 (+594.7%), from €2,480 to €17,229
- Financial income +€10,149
up €10,149 (+42410.4%), from €24 to €10,173
- Other operating charges +€2,765
up €2,765 (+86.3%), from €3,205 to €5,969
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 | €292,900 | €353,714 | +€60,814 | +20.8% |
| Fixed assets | 21/28 | €229,343 | €280,601 | +€51,258 | +22.4% |
| Tangible fixed assets | 22/27 | €229,218 | €280,476 | +€51,258 | +22.4% |
| Land and buildings | 22 | €219,325 | €204,408 | -€14,917 | -6.8% |
| Plant, machinery and equipment | 23 | €9,892 | €5,357 | -€4,535 | -45.8% |
| Furniture and vehicles | 24 | - | €70,711 | +€70,711 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €63,557 | €73,113 | +€9,556 | +15.0% |
| Amounts receivable within one year | 40/41 | €20,175 | €24,693 | +€4,518 | +22.4% |
| Trade receivables | 40 | €8,698 | €24,679 | +€15,981 | +183.7% |
| Other amounts receivable | 41 | €11,478 | €15 | -€11,463 | -99.9% |
| Current investments | 50/53 | €6,000 | - | -€6,000 | |
| Cash at bank and in hand | 54/58 | €33,721 | €42,649 | +€8,929 | +26.5% |
| Deferred charges and accrued income | 490/1 | €3,661 | €5,770 | +€2,109 | +57.6% |
| Total equity and liabilities | 10/49 | €292,900 | €353,714 | +€60,814 | +20.8% |
| Equity | 10/15 | €189,855 | €235,053 | +€45,198 | +23.8% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Contributions outside capital | 11 | €12,600 | €12,600 | = | 0.0% |
| Other | 1109/19 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €177,255 | €222,453 | +€45,198 | +25.5% |
| Tax-exempt reserves | 132 | €8,681 | €8,681 | = | 0.0% |
| Distributable reserves | 133 | €168,575 | €213,772 | +€45,198 | +26.8% |
| Amounts payable | 17/49 | €103,044 | €118,661 | +€15,617 | +15.2% |
| Amounts payable after more than one year | 17 | €58,862 | €68,970 | +€10,108 | +17.2% |
| Financial debts | 170/4 | €58,862 | €68,970 | +€10,108 | +17.2% |
| Amounts payable within one year | 42/48 | €43,682 | €48,541 | +€4,859 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €21,508 | €29,867 | +€8,359 | +38.9% |
| Trade debts | 44 | €2,182 | €2,724 | +€542 | +24.8% |
| Suppliers | 440/4 | €2,182 | €2,724 | +€542 | +24.8% |
| Taxes, remuneration and social security | 45 | €13,834 | €12,554 | -€1,280 | -9.3% |
| Taxes | 450/3 | €1,925 | €3,354 | +€1,429 | +74.2% |
| Remuneration and social security | 454/9 | €11,909 | €9,200 | -€2,709 | -22.7% |
| Other amounts payable | 47/48 | €6,157 | €3,396 | -€2,761 | -44.8% |
| Accrued charges and deferred income | 492/3 | €500 | €1,150 | +€650 | +130.0% |
| Non-recurring operating income | 76A | €1,800 | - | -€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,451 | €22,173 | +€722 | +3.4% |
| Other operating charges | 640/8 | €3,205 | €5,969 | +€2,765 | +86.3% |
| Non-recurring operating charges | 66A | - | €6,000 | +€6,000 | |
| Gross operating margin | 9900 | €55,418 | €90,643 | +€35,225 | +63.6% |
| Operating profit (loss) | 9901 | €30,762 | €56,500 | +€25,738 | +83.7% |
| Financial income | 75/76B | €24 | €10,173 | +€10,149 | +42410.4% |
| Recurring financial income | 75 | €24 | €10,173 | +€10,149 | +42410.4% |
| Financial charges | 65/66B | €5,000 | €4,246 | -€754 | -15.1% |
| Recurring financial charges | 65 | €5,000 | €4,246 | -€754 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €25,786 | €62,426 | +€36,641 | +142.1% |
| Income taxes | 67/77 | €2,480 | €17,229 | +€14,749 | +594.7% |
| Profit (loss) for the period | 9904 | €23,306 | €45,198 | +€21,892 | +93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,306 | €45,198 | +€21,892 | +93.9% |
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 9 October 2026 via checked.be.