D.C.T.: 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.T.
Largest movements
- Cash +€113,280
up €113,280 (+84.7%), from €133,682 to €246,962
mainly Net result for the year (+€96,904) and Receivables within one year (+€43,058)
- Receivables within one year -€43,058
down €43,058 (-28.1%), from €153,422 to €110,364
of which Trade receivables: -€43,427
- Tangible fixed assets -€5,753
down €5,753 (-14.5%), from €39,543 to €33,790
of which Plant, machinery and equipment: -€4,145
- Reserves +€96,904
up €96,904 (+53.1%), from €182,373 to €279,277
of which Distributable reserves: +€98,764
- Short-term financial debts +€20,780
new in 2025: €20,780
- Current portion of long-term debt -€20,765
no longer reported in 2025 (was €20,765)
- Tax, wage and social debts -€14,980
no longer reported in 2025 (was €14,980)
- Trade debts -€11,982
down €11,982 (-21.7%), from €55,135 to €43,153
- Gross operating margin -€39,890
down €39,890 (-21.3%), from €186,916 to €147,026
- Taxes -€15,098
down €15,098 (-28.3%), from €53,372 to €38,274
- Other operating charges -€7,009
down €7,009 (-84.9%), from €8,254 to €1,245
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 | €333,906 | €396,988 | +€63,082 | +18.9% |
| Fixed assets | 21/28 | €39,906 | €34,153 | -€5,753 | -14.4% |
| Tangible fixed assets | 22/27 | €39,543 | €33,790 | -€5,753 | -14.5% |
| Plant, machinery and equipment | 23 | €29,072 | €24,927 | -€4,145 | -14.3% |
| Furniture and vehicles | 24 | €511 | €790 | +€279 | +54.6% |
| Other tangible fixed assets | 26 | €9,960 | €8,073 | -€1,887 | -18.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €294,000 | €362,835 | +€68,835 | +23.4% |
| Amounts receivable within one year | 40/41 | €153,422 | €110,364 | -€43,058 | -28.1% |
| Trade receivables | 40 | €132,058 | €88,631 | -€43,427 | -32.9% |
| Other amounts receivable | 41 | €21,364 | €21,733 | +€369 | +1.7% |
| Cash at bank and in hand | 54/58 | €133,682 | €246,962 | +€113,280 | +84.7% |
| Deferred charges and accrued income | 490/1 | €6,896 | €5,509 | -€1,387 | -20.1% |
| Total equity and liabilities | 10/49 | €333,906 | €396,988 | +€63,082 | +18.9% |
| Equity | 10/15 | €194,773 | €291,677 | +€96,904 | +49.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €182,373 | €279,277 | +€96,904 | +53.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €180,513 | €279,277 | +€98,764 | +54.7% |
| Amounts payable | 17/49 | €139,133 | €105,311 | -€33,822 | -24.3% |
| Amounts payable within one year | 42/48 | €139,133 | €105,311 | -€33,822 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €20,765 | - | -€20,765 | |
| Financial debts | 43 | - | €20,780 | +€20,780 | |
| Credit institutions | 430/8 | - | €20,780 | +€20,780 | |
| Trade debts | 44 | €55,135 | €43,153 | -€11,982 | -21.7% |
| Suppliers | 440/4 | €55,135 | €43,153 | -€11,982 | -21.7% |
| Taxes, remuneration and social security | 45 | €14,980 | - | -€14,980 | |
| Taxes | 450/3 | €14,980 | - | -€14,980 | |
| Other amounts payable | 47/48 | €48,253 | €41,378 | -€6,875 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,555 | €9,573 | -€982 | -9.3% |
| Other operating charges | 640/8 | €8,254 | €1,245 | -€7,009 | -84.9% |
| Gross operating margin | 9900 | €186,916 | €147,026 | -€39,890 | -21.3% |
| Operating profit (loss) | 9901 | €168,107 | €136,208 | -€31,899 | -19.0% |
| Financial income | 75/76B | €240 | €25 | -€215 | -89.6% |
| Recurring financial income | 75 | €240 | €25 | -€215 | -89.6% |
| Financial charges | 65/66B | €643 | €1,055 | +€412 | +64.1% |
| Recurring financial charges | 65 | €643 | €1,055 | +€412 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | €167,704 | €135,178 | -€32,526 | -19.4% |
| Income taxes | 67/77 | €53,372 | €38,274 | -€15,098 | -28.3% |
| Profit (loss) for the period | 9904 | €114,332 | €96,904 | -€17,428 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €114,332 | €96,904 | -€17,428 | -15.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.