D.C. Developments: what changed
D.C. Developments
Largest movements
- Stocks and contracts +€170,081
up €170,081 (+15.6%), from €1.1m to €1.3m
- Cash -€93,927
down €93,927 (-95.0%), from €98,862 to €4,936
mainly Stocks and contracts (-€170,081) and Trade debts (-€83,279)
- Receivables within one year -€66,301
down €66,301 (-73.3%), from €90,393 to €24,092
of which Trade receivables: -€38,397
- Other debts +€133,462
up €133,462 (+38.1%), from €350,220 to €483,682
- Trade debts -€83,279
down €83,279 (-33.5%), from €248,310 to €165,032
- Profit (loss) carried forward -€36,402
down €36,402 (-22.1%), from -€164,346 to -€200,748
- Gross operating margin +€129,277
up €129,277 (+84.7%), from -€152,663 to -€23,386
- Provisions +€85,626
no longer reported in 2025 (was -€85,626)
- Financial charges -€10,536
down €10,536 (-47.0%), from €22,439 to €11,903
- Taxes -€4,976
no longer reported in 2025 (was €4,976)
- Financial income -€2,973
down €2,973 (-99.0%), from €3,002 to €29
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 | €1,281,029 | €1,290,525 | +€9,496 | +0.7% |
| Current assets | 29/58 | €1,281,029 | €1,290,525 | +€9,496 | +0.7% |
| Stocks and contracts in progress | 3 | €1,090,795 | €1,260,876 | +€170,081 | +15.6% |
| Stocks | 30/36 | €1,090,795 | €1,260,876 | +€170,081 | +15.6% |
| Amounts receivable within one year | 40/41 | €90,393 | €24,092 | -€66,301 | -73.3% |
| Trade receivables | 40 | €60,772 | €22,375 | -€38,397 | -63.2% |
| Other amounts receivable | 41 | €29,621 | €1,718 | -€27,904 | -94.2% |
| Cash at bank and in hand | 54/58 | €98,862 | €4,936 | -€93,927 | -95.0% |
| Deferred charges and accrued income | 490/1 | €979 | €621 | -€357 | -36.5% |
| Total equity and liabilities | 10/49 | €1,281,029 | €1,290,525 | +€9,496 | +0.7% |
| Equity | 10/15 | -€132,767 | -€169,169 | -€36,402 | -27.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,979 | €12,979 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,979 | €12,979 | = | 0.0% |
| Other | 1319 | €12,979 | €12,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,346 | -€200,748 | -€36,402 | -22.1% |
| Amounts payable | 17/49 | €1,413,796 | €1,459,694 | +€45,898 | +3.2% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 170/4 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,272,481 | €1,313,714 | +€41,232 | +3.2% |
| Financial debts | 43 | €665,000 | €665,000 | = | 0.0% |
| Credit institutions | 430/8 | €665,000 | €665,000 | = | 0.0% |
| Trade debts | 44 | €248,310 | €165,032 | -€83,279 | -33.5% |
| Suppliers | 440/4 | €248,310 | €165,032 | -€83,279 | -33.5% |
| Taxes, remuneration and social security | 45 | €8,951 | - | -€8,951 | |
| Taxes | 450/3 | €8,951 | - | -€8,951 | |
| Other amounts payable | 47/48 | €350,220 | €483,682 | +€133,462 | +38.1% |
| Accrued charges and deferred income | 492/3 | €21,315 | €25,980 | +€4,665 | +21.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€85,626 | - | +€85,626 | |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Non-recurring operating charges | 66A | €3,995 | - | -€3,995 | |
| Gross operating margin | 9900 | -€152,663 | -€23,386 | +€129,277 | +84.7% |
| Operating profit (loss) | 9901 | -€72,140 | -€24,528 | +€47,612 | +66.0% |
| Financial income | 75/76B | €3,002 | €29 | -€2,973 | -99.0% |
| Recurring financial income | 75 | €3,002 | €29 | -€2,973 | -99.0% |
| Financial charges | 65/66B | €22,439 | €11,903 | -€10,536 | -47.0% |
| Recurring financial charges | 65 | €22,439 | €11,903 | -€10,536 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | -€91,577 | -€36,402 | +€55,176 | +60.3% |
| Income taxes | 67/77 | €4,976 | - | -€4,976 | |
| Profit (loss) for the period | 9904 | -€96,553 | -€36,402 | +€60,151 | +62.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,553 | -€36,402 | +€60,151 | +62.3% |
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 6 November 2026 via checked.be.