D3CO: 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.
D3CO
Largest movements
- Receivables within one year +€158,851
up €158,851 (+558.3%), from €28,450 to €187,301
of which Trade receivables: +€148,996
- Tangible fixed assets +€142,086
up €142,086 (+1121.4%), from €12,671 to €154,757
of which Land and buildings: +€126,055
- Stocks and contracts -€18,785
down €18,785 (-21.1%), from €89,198 to €70,413
- Deferred charges and accrued income -€4,675
no longer reported in 2025 (was €4,675)
- Debts after one year +€144,510
new in 2025: €144,510
- Trade debts +€128,091
up €128,091 (+1149.8%), from €11,140 to €139,231
- Reserves +€19,165
up €19,165 (+20.0%), from €95,669 to €114,834
of which Distributable reserves: +€19,165
- Tax, wage and social debts -€11,765
down €11,765 (-28.8%), from €40,791 to €29,027
of which Remuneration and social security: -€8,696
- Other debts -€6,799
down €6,799 (-97.1%), from €7,000 to €201
- Depreciation +€28,009
up €28,009 (+1190.2%), from €2,353 to €30,362
- Staff costs -€7,416
down €7,416 (-4.8%), from €155,021 to €147,606
- Taxes -€6,683
down €6,683 (-48.6%), from €13,755 to €7,072
- Financial charges +€3,619
up €3,619 (+588.8%), from €615 to €4,233
- Gross operating margin +€2,827
up €2,827 (+1.4%), from €207,980 to €210,807
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 | €175,426 | €450,293 | +€274,868 | +156.7% |
| Fixed assets | 21/28 | €18,871 | €160,957 | +€142,086 | +752.9% |
| Tangible fixed assets | 22/27 | €12,671 | €154,757 | +€142,086 | +1121.4% |
| Land and buildings | 22 | - | €126,055 | +€126,055 | |
| Plant, machinery and equipment | 23 | €5,190 | €21,994 | +€16,804 | +323.8% |
| Furniture and vehicles | 24 | €7,481 | €6,708 | -€773 | -10.3% |
| Financial fixed assets | 28 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €156,555 | €289,336 | +€132,781 | +84.8% |
| Stocks and contracts in progress | 3 | €89,198 | €70,413 | -€18,785 | -21.1% |
| Stocks | 30/36 | €89,198 | €70,413 | -€18,785 | -21.1% |
| Amounts receivable within one year | 40/41 | €28,450 | €187,301 | +€158,851 | +558.3% |
| Trade receivables | 40 | €27,726 | €176,722 | +€148,996 | +537.4% |
| Other amounts receivable | 41 | €724 | €10,579 | +€9,855 | +1360.5% |
| Cash at bank and in hand | 54/58 | €34,231 | €31,622 | -€2,610 | -7.6% |
| Deferred charges and accrued income | 490/1 | €4,675 | - | -€4,675 | |
| Total equity and liabilities | 10/49 | €175,426 | €450,293 | +€274,868 | +156.7% |
| Equity | 10/15 | €115,669 | €134,834 | +€19,165 | +16.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €95,669 | €114,834 | +€19,165 | +20.0% |
| Tax-exempt reserves | 132 | €9,391 | €9,391 | = | 0.0% |
| Distributable reserves | 133 | €86,278 | €105,443 | +€19,165 | +22.2% |
| Amounts payable | 17/49 | €59,756 | €315,459 | +€255,703 | +427.9% |
| Amounts payable after more than one year | 17 | - | €144,510 | +€144,510 | |
| Financial debts | 170/4 | - | €144,510 | +€144,510 | |
| Amounts payable within one year | 42/48 | €58,932 | €170,949 | +€112,017 | +190.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,490 | +€2,490 | |
| Trade debts | 44 | €11,140 | €139,231 | +€128,091 | +1149.8% |
| Suppliers | 440/4 | €11,140 | €139,231 | +€128,091 | +1149.8% |
| Taxes, remuneration and social security | 45 | €40,791 | €29,027 | -€11,765 | -28.8% |
| Taxes | 450/3 | €16,294 | €13,226 | -€3,069 | -18.8% |
| Remuneration and social security | 454/9 | €24,497 | €15,801 | -€8,696 | -35.5% |
| Other amounts payable | 47/48 | €7,000 | €201 | -€6,799 | -97.1% |
| Accrued charges and deferred income | 492/3 | €825 | - | -€825 | |
| Remuneration, social security and pensions | 62 | €155,021 | €147,606 | -€7,416 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,353 | €30,362 | +€28,009 | +1190.2% |
| Other operating charges | 640/8 | €664 | €1,280 | +€617 | +92.9% |
| Non-recurring operating charges | 66A | €261 | €1,093 | +€832 | +318.7% |
| Gross operating margin | 9900 | €207,980 | €210,807 | +€2,827 | +1.4% |
| Operating profit (loss) | 9901 | €49,680 | €30,465 | -€19,215 | -38.7% |
| Financial income | 75/76B | €47 | €5 | -€42 | -89.4% |
| Recurring financial income | 75 | €47 | €5 | -€42 | -89.4% |
| Financial charges | 65/66B | €615 | €4,233 | +€3,619 | +588.8% |
| Recurring financial charges | 65 | €615 | €4,233 | +€3,619 | +588.8% |
| Profit (loss) for the period before taxes | 9903 | €49,113 | €26,237 | -€22,876 | -46.6% |
| Income taxes | 67/77 | €13,755 | €7,072 | -€6,683 | -48.6% |
| Profit (loss) for the period | 9904 | €35,358 | €19,165 | -€16,193 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,358 | €19,165 | -€16,193 | -45.8% |
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 6 October 2026 via checked.be.