D.C.E.: 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.E.
Largest movements
- Tangible fixed assets +€27,675
up €27,675 (+12.3%), from €225,472 to €253,147
of which Furniture and vehicles: +€28,674
- Receivables within one year -€7,600
down €7,600 (-54.3%), from €14,007 to €6,406
of which Trade receivables: -€7,345
- Cash -€4,967
down €4,967 (-14.6%), from €33,908 to €28,941
mainly Investment in fixed assets (net) (-€48,114) and Other debts (-€39,888)
- Other debts -€39,888
down €39,888 (-93.8%), from €42,532 to €2,644
- Reserves +€38,980
up €38,980 (+36.1%), from €107,838 to €146,818
of which Distributable reserves: +€38,980
- Debts after one year +€24,344
up €24,344 (+49.8%), from €48,931 to €73,275
- Tax, wage and social debts -€8,318
down €8,318 (-48.6%), from €17,131 to €8,814
of which Taxes: -€7,075
- Gross operating margin +€9,731
up €9,731 (+13.0%), from €74,693 to €84,424
- Staff costs -€4,233
down €4,233 (-32.2%), from €13,140 to €8,906
- Taxes +€3,844
up €3,844 (+39.7%), from €9,692 to €13,537
- Depreciation -€2,439
down €2,439 (-10.7%), from €22,878 to €20,439
- Financial charges -€1,982
down €1,982 (-48.9%), from €4,050 to €2,068
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 | €278,950 | €294,858 | +€15,908 | +5.7% |
| Fixed assets | 21/28 | €225,553 | €253,227 | +€27,675 | +12.3% |
| Tangible fixed assets | 22/27 | €225,472 | €253,147 | +€27,675 | +12.3% |
| Land and buildings | 22 | €202,615 | €201,615 | -€1,000 | -0.5% |
| Furniture and vehicles | 24 | €22,857 | €51,532 | +€28,674 | +125.4% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €53,397 | €41,631 | -€11,766 | -22.0% |
| Amounts receivable within one year | 40/41 | €14,007 | €6,406 | -€7,600 | -54.3% |
| Trade receivables | 40 | €9,403 | €2,058 | -€7,345 | -78.1% |
| Other amounts receivable | 41 | €4,604 | €4,349 | -€255 | -5.5% |
| Cash at bank and in hand | 54/58 | €33,908 | €28,941 | -€4,967 | -14.6% |
| Deferred charges and accrued income | 490/1 | €5,482 | €6,283 | +€801 | +14.6% |
| Total equity and liabilities | 10/49 | €278,950 | €294,858 | +€15,908 | +5.7% |
| Equity | 10/15 | €129,838 | €168,818 | +€38,980 | +30.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €107,838 | €146,818 | +€38,980 | +36.1% |
| Tax-exempt reserves | 132 | €16,817 | €16,817 | = | 0.0% |
| Distributable reserves | 133 | €91,021 | €130,001 | +€38,980 | +42.8% |
| Amounts payable | 17/49 | €149,112 | €126,040 | -€23,072 | -15.5% |
| Amounts payable after more than one year | 17 | €48,931 | €73,275 | +€24,344 | +49.8% |
| Financial debts | 170/4 | €48,931 | €73,275 | +€24,344 | +49.8% |
| Amounts payable within one year | 42/48 | €100,138 | €52,740 | -€47,398 | -47.3% |
| Current portion of amounts payable after more than one year | 42 | €20,237 | €22,910 | +€2,674 | +13.2% |
| Trade debts | 44 | €20,238 | €18,372 | -€1,866 | -9.2% |
| Suppliers | 440/4 | €20,238 | €18,372 | -€1,866 | -9.2% |
| Taxes, remuneration and social security | 45 | €17,131 | €8,814 | -€8,318 | -48.6% |
| Taxes | 450/3 | €13,845 | €6,770 | -€7,075 | -51.1% |
| Remuneration and social security | 454/9 | €3,286 | €2,044 | -€1,243 | -37.8% |
| Other amounts payable | 47/48 | €42,532 | €2,644 | -€39,888 | -93.8% |
| Accrued charges and deferred income | 492/3 | €43 | €25 | -€18 | -42.0% |
| Remuneration, social security and pensions | 62 | €13,140 | €8,906 | -€4,233 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,878 | €20,439 | -€2,439 | -10.7% |
| Other operating charges | 640/8 | €882 | €1,138 | +€256 | +29.0% |
| Gross operating margin | 9900 | €74,693 | €84,424 | +€9,731 | +13.0% |
| Operating profit (loss) | 9901 | €37,792 | €53,940 | +€16,148 | +42.7% |
| Financial income | 75/76B | €830 | €645 | -€185 | -22.3% |
| Recurring financial income | 75 | €830 | €645 | -€185 | -22.3% |
| Financial charges | 65/66B | €4,050 | €2,068 | -€1,982 | -48.9% |
| Recurring financial charges | 65 | €4,050 | €2,068 | -€1,982 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €34,572 | €52,517 | +€17,945 | +51.9% |
| Income taxes | 67/77 | €9,692 | €13,537 | +€3,844 | +39.7% |
| Profit (loss) for the period | 9904 | €24,880 | €38,980 | +€14,101 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,880 | €38,980 | +€14,101 | +56.7% |
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.