DRAM: what changed
DRAM
Largest movements
- Cash -€25,318
down €25,318 (-7.3%), from €344,972 to €319,654
mainly Other debts (-€97,700) and Accrued charges and deferred income (-€7,938)
- Other debts -€97,700
no longer reported in 2025 (was €97,700)
- Reserves +€69,154
up €69,154 (+18.8%), from €367,269 to €436,424
of which Distributable reserves: +€69,154
- Gross operating margin +€28,066
up €28,066 (+27.8%), from €101,050 to €129,115
- Taxes +€8,125
up €8,125 (+53.2%), from €15,273 to €23,398
- Financial charges -€3,586
down €3,586 (-44.6%), from €8,040 to €4,454
- Depreciation -€2,614
down €2,614 (-24.5%), from €10,657 to €8,043
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,000,965 | €967,610 | -€33,356 | -3.3% |
| Fixed assets | 21/28 | €652,874 | €644,831 | -€8,043 | -1.2% |
| Tangible fixed assets | 22/27 | €652,874 | €644,831 | -€8,043 | -1.2% |
| Land and buildings | 22 | €652,874 | €644,831 | -€8,043 | -1.2% |
| Current assets | 29/58 | €348,091 | €322,778 | -€25,313 | -7.3% |
| Cash at bank and in hand | 54/58 | €344,972 | €319,654 | -€25,318 | -7.3% |
| Deferred charges and accrued income | 490/1 | €3,119 | €3,125 | +€5 | +0.2% |
| Total equity and liabilities | 10/49 | €1,000,965 | €967,610 | -€33,356 | -3.3% |
| Equity | 10/15 | €868,989 | €938,144 | +€69,154 | +8.0% |
| Contributions | 10/11 | €501,720 | €501,720 | = | 0.0% |
| Capital | 10 | €501,720 | €501,720 | = | 0.0% |
| Issued capital | 100 | €501,720 | €501,720 | = | 0.0% |
| Reserves | 13 | €367,269 | €436,424 | +€69,154 | +18.8% |
| Non-distributable reserves | 130/1 | €50,172 | €50,172 | = | 0.0% |
| Legal reserve | 130 | €50,172 | €50,172 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,553 | €2,553 | = | 0.0% |
| Distributable reserves | 133 | €314,544 | €383,698 | +€69,154 | +22.0% |
| Amounts payable | 17/49 | €131,976 | €29,466 | -€102,510 | -77.7% |
| Amounts payable within one year | 42/48 | €107,392 | €12,820 | -€94,572 | -88.1% |
| Taxes, remuneration and social security | 45 | €9,692 | €12,820 | +€3,128 | +32.3% |
| Taxes | 450/3 | €9,692 | €12,820 | +€3,128 | +32.3% |
| Other amounts payable | 47/48 | €97,700 | - | -€97,700 | |
| Accrued charges and deferred income | 492/3 | €24,584 | €16,646 | -€7,938 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,657 | €8,043 | -€2,614 | -24.5% |
| Other operating charges | 640/8 | €23,688 | €24,393 | +€705 | +3.0% |
| Gross operating margin | 9900 | €101,050 | €129,115 | +€28,066 | +27.8% |
| Operating profit (loss) | 9901 | €66,705 | €96,679 | +€29,974 | +44.9% |
| Financial income | 75/76B | €270 | €327 | +€57 | +21.0% |
| Recurring financial income | 75 | €270 | €327 | +€57 | +21.0% |
| Financial charges | 65/66B | €8,040 | €4,454 | -€3,586 | -44.6% |
| Recurring financial charges | 65 | €8,040 | €4,454 | -€3,586 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €58,935 | €92,552 | +€33,617 | +57.0% |
| Income taxes | 67/77 | €15,273 | €23,398 | +€8,125 | +53.2% |
| Profit (loss) for the period | 9904 | €43,662 | €69,154 | +€25,492 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,662 | €69,154 | +€25,492 | +58.4% |
Next steps
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 3 November 2026 via checked.be.