DRST: what changed
DRST
Largest movements
- Tangible fixed assets +€98,071
up €98,071 (+12.2%), from €804,257 to €902,328
of which Land and buildings: +€108,563
- Cash -€43,576
down €43,576 (-72.7%), from €59,923 to €16,347
mainly Investment in fixed assets (net) (-€185,401) and Debts after one year (-€62,818)
- Deferred charges and accrued income -€25,322
down €25,322 (-32.3%), from €78,429 to €53,107
- Receivables within one year +€14,421
up €14,421 (+286%), from €5,047 to €19,469
of which Other amounts receivable: +€14,601
- Other debts +€115,720
up €115,720 (+36.2%), from €320,040 to €435,760
- Debts after one year -€62,818
down €62,818 (-11.6%), from €541,290 to €478,472
- Reserves -€18,734
no longer reported in 2025 (was €18,734)
- Financial charges +€12,745
up €12,745 (+146%), from €8,701 to €21,446
- Gross operating margin +€12,362
up €12,362 (+8.7%), from €142,660 to €155,022
- Depreciation -€10,607
down €10,607 (-9.8%), from €107,937 to €97,330
- Other operating charges +€2,908
up €2,908 (+135%), from €2,155 to €5,063
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 | €978,489 | €1,012,084 | +€33,595 | +3.4% |
| Fixed assets | 21/28 | €835,090 | €923,161 | +€88,071 | +10.5% |
| Intangible fixed assets | 21 | €30,833 | €20,833 | -€10,000 | -32.4% |
| Tangible fixed assets | 22/27 | €804,257 | €902,328 | +€98,071 | +12.2% |
| Land and buildings | 22 | €739,481 | €848,044 | +€108,563 | +14.7% |
| Plant, machinery and equipment | 23 | €1,284 | €1,881 | +€597 | +46.5% |
| Furniture and vehicles | 24 | €63,492 | €52,403 | -€11,088 | -17.5% |
| Current assets | 29/58 | €143,399 | €88,923 | -€54,476 | -38.0% |
| Amounts receivable within one year | 40/41 | €5,047 | €19,469 | +€14,421 | +286% |
| Trade receivables | 40 | €180 | - | -€180 | |
| Other amounts receivable | 41 | €4,867 | €19,469 | +€14,601 | +300% |
| Cash at bank and in hand | 54/58 | €59,923 | €16,347 | -€43,576 | -72.7% |
| Deferred charges and accrued income | 490/1 | €78,429 | €53,107 | -€25,322 | -32.3% |
| Total equity and liabilities | 10/49 | €978,489 | €1,012,084 | +€33,595 | +3.4% |
| Equity | 10/15 | €37,284 | €18,550 | -€18,734 | -50.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €18,734 | - | -€18,734 | |
| Distributable reserves | 133 | €18,734 | - | -€18,734 | |
| Amounts payable | 17/49 | €941,205 | €993,534 | +€52,329 | +5.6% |
| Amounts payable after more than one year | 17 | €541,290 | €478,472 | -€62,818 | -11.6% |
| Financial debts | 170/4 | €541,290 | €478,472 | -€62,818 | -11.6% |
| Amounts payable within one year | 42/48 | €398,554 | €515,022 | +€116,468 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €50,222 | €50,718 | +€496 | +1.0% |
| Trade debts | 44 | €25,334 | €21,571 | -€3,763 | -14.9% |
| Suppliers | 440/4 | €25,334 | €21,571 | -€3,763 | -14.9% |
| Taxes, remuneration and social security | 45 | €2,958 | €6,974 | +€4,016 | +136% |
| Taxes | 450/3 | - | €3,998 | +€3,998 | |
| Remuneration and social security | 454/9 | €2,958 | €2,976 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €320,040 | €435,760 | +€115,720 | +36.2% |
| Accrued charges and deferred income | 492/3 | €1,361 | €40 | -€1,321 | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,937 | €97,330 | -€10,607 | -9.8% |
| Other operating charges | 640/8 | €2,155 | €5,063 | +€2,908 | +135% |
| Gross operating margin | 9900 | €142,660 | €155,022 | +€12,362 | +8.7% |
| Operating profit (loss) | 9901 | €32,568 | €52,629 | +€20,061 | +61.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €8,701 | €21,446 | +€12,745 | +146% |
| Recurring financial charges | 65 | €8,701 | €21,446 | +€12,745 | +146% |
| Profit (loss) for the period before taxes | 9903 | €23,867 | €31,184 | +€7,317 | +30.7% |
| Income taxes | 67/77 | €5,133 | €4,531 | -€601 | -11.7% |
| Profit (loss) for the period | 9904 | €18,734 | €26,653 | +€7,919 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,734 | €26,653 | +€7,919 | +42.3% |
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 4 November 2026 via checked.be.