D'CO Concept: 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'CO Concept
Largest movements
- Receivables within one year -€13,789
down €13,789 (-23.0%), from €59,925 to €46,136
of which Trade receivables: -€6,945
- Stocks and contracts +€11,314
up €11,314 (+113%), from €10,000 to €21,314
of which Contracts in progress: +€11,314
- Tangible fixed assets -€8,138
down €8,138 (-2.6%), from €316,997 to €308,859
of which Land and buildings: -€10,788
- Tax, wage and social debts +€14,158
up €14,158 (+169%), from €8,398 to €22,556
of which Taxes: +€15,825
- Profit (loss) carried forward -€12,552
down €12,552 (-35.4%), from -€35,488 to -€48,040
- Trade debts -€10,867
down €10,867 (-15.2%), from €71,581 to €60,714
- Short-term financial debts +€10,099
up €10,099 (+15.6%), from €64,903 to €75,002
- Current portion of long-term debt -€8,134
down €8,134 (-80.7%), from €10,077 to €1,943
- Staff costs -€36,887
down €36,887 (-27.3%), from €135,131 to €98,244
- Gross operating margin +€16,152
up €16,152 (+14.2%), from €113,645 to €129,798
- Taxes +€5,587
up €5,587 (+1,352%), from €413 to €6,000
- Financial charges +€2,455
up €2,455 (+13.8%), from €17,781 to €20,236
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.
Derived cash bridge
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 | €409,784 | €401,721 | -€8,063 | -2.0% |
| Fixed assets | 21/28 | €316,997 | €308,859 | -€8,138 | -2.6% |
| Tangible fixed assets | 22/27 | €316,997 | €308,859 | -€8,138 | -2.6% |
| Land and buildings | 22 | €293,946 | €283,158 | -€10,788 | -3.7% |
| Plant, machinery and equipment | 23 | €21,907 | €24,274 | +€2,367 | +10.8% |
| Furniture and vehicles | 24 | €1,144 | €1,427 | +€283 | +24.7% |
| Current assets | 29/58 | €92,787 | €92,862 | +€75 | +0.1% |
| Stocks and contracts in progress | 3 | €10,000 | €21,314 | +€11,314 | +113% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Contracts in progress | 37 | - | €11,314 | +€11,314 | |
| Amounts receivable within one year | 40/41 | €59,925 | €46,136 | -€13,789 | -23.0% |
| Trade receivables | 40 | €33,856 | €26,911 | -€6,945 | -20.5% |
| Other amounts receivable | 41 | €26,069 | €19,225 | -€6,844 | -26.3% |
| Cash at bank and in hand | 54/58 | - | €2,549 | +€2,549 | |
| Deferred charges and accrued income | 490/1 | €22,862 | €22,862 | = | 0.0% |
| Total equity and liabilities | 10/49 | €409,784 | €401,721 | -€8,063 | -2.0% |
| Equity | 10/15 | -€15,028 | -€27,580 | -€12,552 | -83.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,488 | -€48,040 | -€12,552 | -35.4% |
| Amounts payable | 17/49 | €424,812 | €429,301 | +€4,488 | +1.1% |
| Amounts payable after more than one year | 17 | €266,278 | €266,278 | = | 0.0% |
| Financial debts | 170/4 | €266,278 | €266,278 | = | 0.0% |
| Amounts payable within one year | 42/48 | €154,959 | €160,215 | +€5,256 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €10,077 | €1,943 | -€8,134 | -80.7% |
| Financial debts | 43 | €64,903 | €75,002 | +€10,099 | +15.6% |
| Credit institutions | 430/8 | €64,903 | €75,002 | +€10,099 | +15.6% |
| Trade debts | 44 | €71,581 | €60,714 | -€10,867 | -15.2% |
| Suppliers | 440/4 | €71,581 | €60,714 | -€10,867 | -15.2% |
| Taxes, remuneration and social security | 45 | €8,398 | €22,556 | +€14,158 | +169% |
| Taxes | 450/3 | €6,731 | €22,556 | +€15,825 | +235% |
| Remuneration and social security | 454/9 | €1,667 | - | -€1,667 | |
| Accrued charges and deferred income | 492/3 | €3,576 | €2,808 | -€768 | -21.5% |
| Non-recurring operating income | 76A | - | €1,113 | +€1,113 | |
| Remuneration, social security and pensions | 62 | €135,131 | €98,244 | -€36,887 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,589 | €16,359 | -€230 | -1.4% |
| Other operating charges | 640/8 | €535 | €1,420 | +€885 | +166% |
| Non-recurring operating charges | 66A | €923 | €99 | -€824 | -89.3% |
| Gross operating margin | 9900 | €113,645 | €129,798 | +€16,152 | +14.2% |
| Operating profit (loss) | 9901 | -€39,532 | €13,676 | +€53,208 | |
| Financial income | 75/76B | €38 | €9 | -€30 | -77.3% |
| Recurring financial income | 75 | €6 | €9 | +€2 | +34.6% |
| Non-recurring financial income | 76B | €32 | - | -€32 | |
| Financial charges | 65/66B | €17,781 | €20,236 | +€2,455 | +13.8% |
| Recurring financial charges | 65 | €17,781 | €20,236 | +€2,455 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€57,275 | -€6,552 | +€50,723 | +88.6% |
| Income taxes | 67/77 | €413 | €6,000 | +€5,587 | +1,352% |
| Profit (loss) for the period | 9904 | -€57,688 | -€12,552 | +€45,137 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,688 | -€12,552 | +€45,137 | +78.2% |
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 14 October 2026 via checked.be.