D&C: 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.
D&C
Largest movements
- Receivables within one year +€121,126
up €121,126 (+13.8%), from €874,965 to €996,091
of which Trade receivables: +€92,670
- Other debts +€85,556
up €85,556 (+4.7%), from €1.8m to €1.9m
- Trade debts +€28,918
up €28,918 (+98.9%), from €29,241 to €58,159
- Financial income +€186,395
up €186,395 (+37.2%), from €500,455 to €686,851
- Gross operating margin +€59,367
up €59,367 (+13.7%), from €434,245 to €493,611
- Taxes +€5,468
up €5,468 (+1536.0%), from €356 to €5,824
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 | €2,439,594 | €2,554,697 | +€115,103 | +4.7% |
| Fixed assets | 21/28 | €1,530,000 | €1,530,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,530,000 | €1,530,000 | = | 0.0% |
| Current assets | 29/58 | €909,594 | €1,024,697 | +€115,103 | +12.7% |
| Amounts receivable within one year | 40/41 | €874,965 | €996,091 | +€121,126 | +13.8% |
| Trade receivables | 40 | €432,670 | €525,340 | +€92,670 | +21.4% |
| Other amounts receivable | 41 | €442,295 | €470,751 | +€28,456 | +6.4% |
| Cash at bank and in hand | 54/58 | €34,629 | €28,606 | -€6,023 | -17.4% |
| Total equity and liabilities | 10/49 | €2,439,594 | €2,554,697 | +€115,103 | +4.7% |
| Equity | 10/15 | €565,472 | €569,665 | +€4,193 | +0.7% |
| Contributions | 10/11 | €510,000 | €510,000 | = | 0.0% |
| Reserves | 13 | €55,472 | €59,665 | +€4,193 | +7.6% |
| Distributable reserves | 133 | €55,472 | €59,665 | +€4,193 | +7.6% |
| Amounts payable | 17/49 | €1,874,123 | €1,985,032 | +€110,910 | +5.9% |
| Amounts payable within one year | 42/48 | €1,869,507 | €1,982,205 | +€112,699 | +6.0% |
| Trade debts | 44 | €29,241 | €58,159 | +€28,918 | +98.9% |
| Suppliers | 440/4 | €29,241 | €58,159 | +€28,918 | +98.9% |
| Taxes, remuneration and social security | 45 | €1,775 | - | -€1,775 | |
| Taxes | 450/3 | €1,775 | - | -€1,775 | |
| Other amounts payable | 47/48 | €1,838,491 | €1,924,047 | +€85,556 | +4.7% |
| Accrued charges and deferred income | 492/3 | €4,616 | €2,827 | -€1,789 | -38.8% |
| Other operating charges | 640/8 | €1,115 | €1,148 | +€34 | +3.0% |
| Gross operating margin | 9900 | €434,245 | €493,611 | +€59,367 | +13.7% |
| Operating profit (loss) | 9901 | €433,130 | €492,463 | +€59,333 | +13.7% |
| Financial income | 75/76B | €500,455 | €686,851 | +€186,395 | +37.2% |
| Recurring financial income | 75 | €500,455 | €686,851 | +€186,395 | +37.2% |
| Financial charges | 65/66B | €7,161 | €4,296 | -€2,865 | -40.0% |
| Recurring financial charges | 65 | €7,161 | €4,296 | -€2,865 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €926,424 | €1,175,018 | +€248,594 | +26.8% |
| Income taxes | 67/77 | €356 | €5,824 | +€5,468 | +1536.0% |
| Profit (loss) for the period | 9904 | €926,068 | €1,169,193 | +€243,125 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €926,068 | €1,169,193 | +€243,125 | +26.3% |
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 12 October 2026 via checked.be.