D'CON: 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'CON
Largest movements
- Cash +€342,985
up €342,985 (+1261.4%), from €27,191 to €370,176
mainly Current investments (+€177,800) and Net result for the year (+€165,675)
- Current investments -€177,800
no longer reported in 2025 (was €177,800)
- Receivables within one year -€11,411
down €11,411 (-40.7%), from €28,058 to €16,646
of which Other amounts receivable: -€12,066
- Deferred charges and accrued income +€6,000
up €6,000 (+119.1%), from €5,038 to €11,038
- Reserves +€150,000
up €150,000 (+64.8%), from €231,554 to €381,554
- Profit (loss) carried forward +€15,675
new in 2025: €15,675
- Other debts -€4,295
down €4,295 (-91.6%), from €4,688 to €393
- Gross operating margin +€95,552
up €95,552 (+79.3%), from €120,466 to €216,018
- Taxes +€16,170
up €16,170 (+46.7%), from €34,658 to €50,827
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 | €251,711 | €411,541 | +€159,830 | +63.5% |
| Fixed assets | 21/28 | €13,624 | €13,682 | +€57 | +0.4% |
| Tangible fixed assets | 22/27 | €13,624 | €13,682 | +€57 | +0.4% |
| Plant, machinery and equipment | 23 | €1,321 | €2,455 | +€1,134 | +85.8% |
| Furniture and vehicles | 24 | €12,303 | €11,227 | -€1,076 | -8.7% |
| Current assets | 29/58 | €238,086 | €397,860 | +€159,773 | +67.1% |
| Amounts receivable within one year | 40/41 | €28,058 | €16,646 | -€11,411 | -40.7% |
| Trade receivables | 40 | €15,992 | €16,646 | +€655 | +4.1% |
| Other amounts receivable | 41 | €12,066 | - | -€12,066 | |
| Current investments | 50/53 | €177,800 | - | -€177,800 | |
| Cash at bank and in hand | 54/58 | €27,191 | €370,176 | +€342,985 | +1261.4% |
| Deferred charges and accrued income | 490/1 | €5,038 | €11,038 | +€6,000 | +119.1% |
| Total equity and liabilities | 10/49 | €251,711 | €411,541 | +€159,830 | +63.5% |
| Equity | 10/15 | €232,554 | €398,229 | +€165,675 | +71.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €231,554 | €381,554 | +€150,000 | +64.8% |
| Distributable reserves | 133 | €231,554 | €381,554 | +€150,000 | +64.8% |
| Profit (loss) carried forward | 14 | - | €15,675 | +€15,675 | |
| Amounts payable | 17/49 | €19,157 | €13,312 | -€5,845 | -30.5% |
| Amounts payable within one year | 42/48 | €16,077 | €13,312 | -€2,765 | -17.2% |
| Financial debts | 43 | €6 | - | -€6 | |
| Credit institutions | 430/8 | €6 | - | -€6 | |
| Trade debts | 44 | €18 | €964 | +€946 | +5193.2% |
| Suppliers | 440/4 | €18 | €964 | +€946 | +5193.2% |
| Taxes, remuneration and social security | 45 | €11,365 | €11,954 | +€590 | +5.2% |
| Taxes | 450/3 | €11,365 | €11,954 | +€590 | +5.2% |
| Other amounts payable | 47/48 | €4,688 | €393 | -€4,295 | -91.6% |
| Accrued charges and deferred income | 492/3 | €3,080 | - | -€3,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,040 | €4,598 | +€558 | +13.8% |
| Other operating charges | 640/8 | €482 | €441 | -€40 | -8.4% |
| Gross operating margin | 9900 | €120,466 | €216,018 | +€95,552 | +79.3% |
| Operating profit (loss) | 9901 | €115,944 | €210,979 | +€95,035 | +82.0% |
| Financial income | 75/76B | €4,029 | €5,744 | +€1,715 | +42.6% |
| Recurring financial income | 75 | €4,029 | €5,744 | +€1,715 | +42.6% |
| Financial charges | 65/66B | €168 | €221 | +€53 | +31.5% |
| Recurring financial charges | 65 | €168 | €221 | +€53 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €119,806 | €216,502 | +€96,697 | +80.7% |
| Income taxes | 67/77 | €34,658 | €50,827 | +€16,170 | +46.7% |
| Profit (loss) for the period | 9904 | €85,148 | €165,675 | +€80,527 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,148 | €165,675 | +€80,527 | +94.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.