D.C.S.: what changed
Two fiscal 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.S.
Largest movements
- Cash +€13,365
up €13,365 (+588.1%), from €2,273 to €15,638
mainly Net result for the year (+€56,987) and Depreciation (+€8,377)
- Stocks and contracts +€12,052
up €12,052 (+21.2%), from €56,772 to €68,824
of which Stocks: +€12,052
- Tangible fixed assets -€8,377
down €8,377 (-36.6%), from €22,863 to €14,486
of which Furniture and vehicles: -€7,189
- Receivables within one year +€8,064
up €8,064 (+4.7%), from €170,446 to €178,509
of which Trade receivables: +€17,249
- Reserves +€56,987
up €56,987 (+56.5%), from €100,843 to €157,830
- Trade debts -€29,826
down €29,826 (-37.3%), from €80,008 to €50,182
- Current portion of long-term debt -€13,413
down €13,413 (-100.0%), from €13,413 to €0
- Tax, wage and social debts +€7,457
up €7,457 (+14.2%), from €52,638 to €60,095
of which Taxes: +€14,239
- Accrued charges and deferred income +€5,591
new in 2025: €5,591
- Gross operating margin +€60,169
up €60,169 (+46.8%), from €128,521 to €188,690
- Taxes +€19,603
up €19,603 (+128.5%), from €15,253 to €34,857
- Depreciation +€5,092
up €5,092 (+155.0%), from €3,285 to €8,377
- Financial charges -€2,168
down €2,168 (-38.1%), from €5,683 to €3,515
- Financial income +€1,924
up €1,924 (+228.4%), from €842 to €2,767
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 | €286,745 | €313,084 | +€26,339 | +9.2% |
| Fixed assets | 21/28 | €24,468 | €16,091 | -€8,377 | -34.2% |
| Tangible fixed assets | 22/27 | €22,863 | €14,486 | -€8,377 | -36.6% |
| Plant, machinery and equipment | 23 | €1,447 | €259 | -€1,188 | -82.1% |
| Furniture and vehicles | 24 | €21,416 | €14,227 | -€7,189 | -33.6% |
| Financial fixed assets | 28 | €1,604 | €1,604 | = | 0.0% |
| Current assets | 29/58 | €262,277 | €296,994 | +€34,716 | +13.2% |
| Amounts receivable after more than one year | 29 | €28,934 | €28,934 | = | 0.0% |
| Other amounts receivable | 291 | €28,934 | €28,934 | = | 0.0% |
| Stocks and contracts in progress | 3 | €56,772 | €68,824 | +€12,052 | +21.2% |
| Stocks | 30/36 | €56,772 | €68,824 | +€12,052 | +21.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €170,446 | €178,509 | +€8,064 | +4.7% |
| Trade receivables | 40 | €67,305 | €84,555 | +€17,249 | +25.6% |
| Other amounts receivable | 41 | €103,140 | €93,954 | -€9,186 | -8.9% |
| Cash at bank and in hand | 54/58 | €2,273 | €15,638 | +€13,365 | +588.1% |
| Deferred charges and accrued income | 490/1 | €3,854 | €5,089 | +€1,235 | +32.0% |
| Total equity and liabilities | 10/49 | €286,745 | €313,084 | +€26,339 | +9.2% |
| Equity | 10/15 | €140,229 | €197,216 | +€56,987 | +40.6% |
| Contributions | 10/11 | €39,386 | €39,386 | = | 0.0% |
| Reserves | 13 | €100,843 | €157,830 | +€56,987 | +56.5% |
| Distributable reserves | 133 | €100,843 | €157,830 | +€56,987 | +56.5% |
| Amounts payable | 17/49 | €146,516 | €115,868 | -€30,648 | -20.9% |
| Amounts payable within one year | 42/48 | €146,516 | €110,276 | -€36,240 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €13,413 | €0 | -€13,413 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €80,008 | €50,182 | -€29,826 | -37.3% |
| Suppliers | 440/4 | €80,008 | €50,182 | -€29,826 | -37.3% |
| Taxes, remuneration and social security | 45 | €52,638 | €60,095 | +€7,457 | +14.2% |
| Taxes | 450/3 | €39,351 | €53,590 | +€14,239 | +36.2% |
| Remuneration and social security | 454/9 | €13,287 | €6,505 | -€6,782 | -51.0% |
| Other amounts payable | 47/48 | €458 | €0 | -€458 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €5,591 | +€5,591 | |
| Remuneration, social security and pensions | 62 | €84,017 | €83,003 | -€1,014 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,285 | €8,377 | +€5,092 | +155.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €909 | +€909 | |
| Other operating charges | 640/8 | €3,572 | €3,809 | +€238 | +6.7% |
| Gross operating margin | 9900 | €128,521 | €188,690 | +€60,169 | +46.8% |
| Operating profit (loss) | 9901 | €37,647 | €92,592 | +€54,945 | +145.9% |
| Financial income | 75/76B | €842 | €2,767 | +€1,924 | +228.4% |
| Recurring financial income | 75 | €842 | €2,767 | +€1,924 | +228.4% |
| Financial charges | 65/66B | €5,683 | €3,515 | -€2,168 | -38.1% |
| Recurring financial charges | 65 | €5,683 | €3,515 | -€2,168 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €32,807 | €91,844 | +€59,037 | +180.0% |
| Income taxes | 67/77 | €15,253 | €34,857 | +€19,603 | +128.5% |
| Profit (loss) for the period | 9904 | €17,553 | €56,987 | +€39,434 | +224.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,553 | €56,987 | +€39,434 | +224.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.