D.I.C.: 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.
What changed
D.I.C.
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€17,750
2024 · -€27,907+€45,656
Equity
€2.9m
2024 · €2.9m+€17,750
Cash
€164,194
2024 · €140,536+€23,658
Balance sheet total
€3.2m
2024 · €3.2m+€9,434
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€49,120
up €49,120, from -€19,004 to €30,116
- Depreciation +€2,101
up €2,101 (+11.3%), from €18,531 to €20,632
- Financial income -€1,165
down €1,165 (-8.8%), from €13,273 to €12,108
- Other operating charges +€344
up €344 (+12.9%), from €2,666 to €3,009
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.
Result 2024
-€27,907
Gross operating margin
+€49,120
Depreciation
-€2,101
Other operating charges
-€344
Financial income
-€1,165
Financial charges
+€146
Result 2025
€17,750
raises the resultlowers the result
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.
From operations
+€43,658
Investment
-€20,000
Financing
€0
Cash 2024
€140,536
From operations (derived)
+€43,658
Net result for the year
+€17,750
Depreciation
+€20,632
Receivables within one year
+€15,201
Deferred charges and accrued income
-€1,608
Trade debts
+€1,316
Tax, wage and social debts
-€783
Other debts
-€8,850
Investment (derived)
-€20,000
Investment in fixed assets (net)
-€20,000
Cash 2025
€164,194
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,167,866 | €3,177,299 | +€9,434 | +0.3% |
| Fixed assets | 21/28 | €79,654 | €79,022 | -€632 | -0.8% |
| Tangible fixed assets | 22/27 | €79,654 | €59,022 | -€20,632 | -25.9% |
| Plant, machinery and equipment | 23 | €14,629 | €11,081 | -€3,548 | -24.3% |
| Furniture and vehicles | 24 | €65,025 | €47,941 | -€17,084 | -26.3% |
| Financial fixed assets | 28 | - | €20,000 | +€20,000 | |
| Current assets | 29/58 | €3,088,212 | €3,098,277 | +€10,066 | +0.3% |
| Stocks and contracts in progress | 3 | €2,273,600 | €2,273,600 | = | 0.0% |
| Stocks | 30/36 | €2,273,600 | €2,273,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €670,435 | €655,234 | -€15,201 | -2.3% |
| Trade receivables | 40 | €82,482 | €72,620 | -€9,863 | -12.0% |
| Other amounts receivable | 41 | €587,953 | €582,614 | -€5,338 | -0.9% |
| Cash at bank and in hand | 54/58 | €140,536 | €164,194 | +€23,658 | +16.8% |
| Deferred charges and accrued income | 490/1 | €3,641 | €5,249 | +€1,608 | +44.2% |
| Total equity and liabilities | 10/49 | €3,167,866 | €3,177,299 | +€9,434 | +0.3% |
| Equity | 10/15 | €2,881,651 | €2,899,401 | +€17,750 | +0.6% |
| Contributions | 10/11 | €2,974,759 | €2,974,759 | = | 0.0% |
| Capital | 10 | €2,850,776 | €2,850,776 | = | 0.0% |
| Issued capital | 100 | €2,850,776 | €2,850,776 | = | 0.0% |
| Contributions outside capital | 11 | €123,984 | €123,984 | = | 0.0% |
| Share premium | 1100/10 | €123,984 | €123,984 | = | 0.0% |
| Reserves | 13 | €198,441 | €198,441 | = | 0.0% |
| Non-distributable reserves | 130/1 | €147,032 | €147,032 | = | 0.0% |
| Legal reserve | 130 | €147,032 | €147,032 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €47,690 | €47,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€291,549 | -€273,799 | +€17,750 | +6.1% |
| Amounts payable | 17/49 | €286,215 | €277,898 | -€8,316 | -2.9% |
| Amounts payable within one year | 42/48 | €286,215 | €277,898 | -€8,316 | -2.9% |
| Trade debts | 44 | €13,325 | €14,641 | +€1,316 | +9.9% |
| Suppliers | 440/4 | €13,325 | €14,641 | +€1,316 | +9.9% |
| Taxes, remuneration and social security | 45 | €17,031 | €16,249 | -€783 | -4.6% |
| Taxes | 450/3 | €3,250 | €2,467 | -€783 | -24.1% |
| Remuneration and social security | 454/9 | €13,781 | €13,781 | = | 0.0% |
| Other amounts payable | 47/48 | €255,859 | €247,009 | -€8,850 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,531 | €20,632 | +€2,101 | +11.3% |
| Other operating charges | 640/8 | €2,666 | €3,009 | +€344 | +12.9% |
| Gross operating margin | 9900 | -€19,004 | €30,116 | +€49,120 | |
| Operating profit (loss) | 9901 | -€40,200 | €6,475 | +€46,675 | |
| Financial income | 75/76B | €13,273 | €12,108 | -€1,165 | -8.8% |
| Recurring financial income | 75 | €13,273 | €12,108 | -€1,165 | -8.8% |
| Financial charges | 65/66B | €979 | €833 | -€146 | -14.9% |
| Recurring financial charges | 65 | €979 | €833 | -€146 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,907 | €17,750 | +€45,656 | |
| Profit (loss) for the period | 9904 | -€27,907 | €17,750 | +€45,656 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,907 | €17,750 | +€45,656 |
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 22 October 2026 via checked.be.