D N 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.
D N C
Largest movements
- Cash -€41,286
down €41,286 (-27.6%), from €149,705 to €108,419
mainly Contributions, distributions and other (-€98,494) and Receivables within one year (-€40,221)
- Receivables within one year +€40,221
up €40,221 (+1,033%), from €3,894 to €44,115
of which Trade receivables: +€36,485
- Tangible fixed assets -€4,423
down €4,423 (-98.7%), from €4,481 to €58
- Deferred charges and accrued income +€2,696
new in 2025: €2,696
- Profit (loss) carried forward -€45,048
no longer reported in 2025 (was €45,048)
- Advances received +€36,000
new in 2025: €36,000
- Other debts +€8,546
up €8,546 (+10.4%), from €82,014 to €90,560
- Tax, wage and social debts +€5,490
up €5,490 (+30.1%), from €18,212 to €23,702
of which Taxes: +€5,476
- Trade debts -€4,144
down €4,144 (-70.7%), from €5,865 to €1,721
- Gross operating margin -€35,284
down €35,284 (-30.8%), from €114,392 to €79,108
- Taxes -€4,392
down €4,392 (-18.3%), from €23,945 to €19,554
- Financial charges +€1,881
up €1,881 (+1,113%), from €169 to €2,049
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 | €158,080 | €155,288 | -€2,792 | -1.8% |
| Fixed assets | 21/28 | €4,481 | €58 | -€4,423 | -98.7% |
| Tangible fixed assets | 22/27 | €4,481 | €58 | -€4,423 | -98.7% |
| Furniture and vehicles | 24 | €4,481 | €58 | -€4,423 | -98.7% |
| Current assets | 29/58 | €153,598 | €155,230 | +€1,632 | +1.1% |
| Amounts receivable within one year | 40/41 | €3,894 | €44,115 | +€40,221 | +1,033% |
| Trade receivables | 40 | - | €36,485 | +€36,485 | |
| Other amounts receivable | 41 | €3,894 | €7,630 | +€3,736 | +96.0% |
| Cash at bank and in hand | 54/58 | €149,705 | €108,419 | -€41,286 | -27.6% |
| Deferred charges and accrued income | 490/1 | - | €2,696 | +€2,696 | |
| Total equity and liabilities | 10/49 | €158,080 | €155,288 | -€2,792 | -1.8% |
| Equity | 10/15 | €48,048 | €3,000 | -€45,048 | -93.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,048 | - | -€45,048 | |
| Amounts payable | 17/49 | €110,031 | €152,288 | +€42,256 | +38.4% |
| Amounts payable after more than one year | 17 | €305 | - | -€305 | |
| Financial debts | 170/4 | €305 | - | -€305 | |
| Amounts payable within one year | 42/48 | €109,727 | €152,288 | +€42,561 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €3,636 | €305 | -€3,331 | -91.6% |
| Trade debts | 44 | €5,865 | €1,721 | -€4,144 | -70.7% |
| Suppliers | 440/4 | €5,865 | €1,721 | -€4,144 | -70.7% |
| Advances received on contracts in progress | 46 | - | €36,000 | +€36,000 | |
| Taxes, remuneration and social security | 45 | €18,212 | €23,702 | +€5,490 | +30.1% |
| Taxes | 450/3 | €16,445 | €21,921 | +€5,476 | +33.3% |
| Remuneration and social security | 454/9 | €1,767 | €1,781 | +€14 | +0.8% |
| Other amounts payable | 47/48 | €82,014 | €90,560 | +€8,546 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,611 | €4,423 | -€188 | -4.1% |
| Other operating charges | 640/8 | €387 | €573 | +€186 | +48.0% |
| Non-recurring operating charges | 66A | €99 | - | -€99 | |
| Gross operating margin | 9900 | €114,392 | €79,108 | -€35,284 | -30.8% |
| Operating profit (loss) | 9901 | €109,294 | €74,111 | -€35,183 | -32.2% |
| Financial income | 75/76B | €978 | €937 | -€41 | -4.2% |
| Recurring financial income | 75 | €978 | €937 | -€41 | -4.2% |
| Financial charges | 65/66B | €169 | €2,049 | +€1,881 | +1,113% |
| Recurring financial charges | 65 | €169 | €2,049 | +€1,881 | +1,113% |
| Profit (loss) for the period before taxes | 9903 | €110,103 | €72,999 | -€37,104 | -33.7% |
| Income taxes | 67/77 | €23,945 | €19,554 | -€4,392 | -18.3% |
| Profit (loss) for the period | 9904 | €86,158 | €53,445 | -€32,713 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,158 | €53,445 | -€32,713 | -38.0% |
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 16 October 2026 via checked.be.