DAC: 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.
DAC
Largest movements
- Receivables within one year +€80,348
up €80,348 (+106.5%), from €75,436 to €155,784
of which Trade receivables: +€80,774
- Cash +€22,720
up €22,720 (+23.9%), from €95,160 to €117,880
mainly Net result for the year (+€69,480) and Current investments (+€14,477)
- Current investments -€14,477
down €14,477 (-5.1%), from €283,059 to €268,582
- Reserves +€69,480
up €69,480 (+15.7%), from €441,550 to €511,030
of which Distributable reserves: +€69,480
- Contributions +€12,395
up €12,395 (+199.7%), from €6,205 to €18,600
- Gross operating margin +€26,612
up €26,612 (+38.1%), from €69,872 to €96,484
- Taxes +€6,904
up €6,904 (+37.4%), from €18,438 to €25,342
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €455,150 | €542,771 | +€87,621 | +19.3% |
| Fixed assets | 21/28 | €815 | - | -€815 | |
| Tangible fixed assets | 22/27 | €815 | - | -€815 | |
| Plant, machinery and equipment | 23 | €815 | - | -€815 | |
| Current assets | 29/58 | €454,335 | €542,771 | +€88,436 | +19.5% |
| Amounts receivable within one year | 40/41 | €75,436 | €155,784 | +€80,348 | +106.5% |
| Trade receivables | 40 | €75,010 | €155,784 | +€80,774 | +107.7% |
| Other amounts receivable | 41 | €426 | - | -€426 | |
| Current investments | 50/53 | €283,059 | €268,582 | -€14,477 | -5.1% |
| Cash at bank and in hand | 54/58 | €95,160 | €117,880 | +€22,720 | +23.9% |
| Deferred charges and accrued income | 490/1 | €679 | €525 | -€154 | -22.7% |
| Total equity and liabilities | 10/49 | €455,150 | €542,771 | +€87,621 | +19.3% |
| Equity | 10/15 | €447,755 | €529,630 | +€81,875 | +18.3% |
| Contributions | 10/11 | €6,205 | €18,600 | +€12,395 | +199.7% |
| Reserves | 13 | €441,550 | €511,030 | +€69,480 | +15.7% |
| Non-distributable reserves | 130/1 | €15,253 | €15,253 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,253 | €15,253 | = | 0.0% |
| Distributable reserves | 133 | €426,297 | €495,777 | +€69,480 | +16.3% |
| Amounts payable | 17/49 | €7,395 | €13,141 | +€5,746 | +77.7% |
| Amounts payable within one year | 42/48 | €7,395 | €13,141 | +€5,746 | +77.7% |
| Financial debts | 43 | €21 | €21 | = | 0.0% |
| Credit institutions | 430/8 | €21 | €21 | = | 0.0% |
| Trade debts | 44 | €4,473 | €9,679 | +€5,206 | +116.4% |
| Suppliers | 440/4 | €4,473 | €9,679 | +€5,206 | +116.4% |
| Taxes, remuneration and social security | 45 | €419 | €3,441 | +€3,022 | +720.6% |
| Taxes | 450/3 | €419 | €3,441 | +€3,022 | +720.6% |
| Other amounts payable | 47/48 | €2,482 | - | -€2,482 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,161 | €815 | -€346 | -29.8% |
| Other operating charges | 640/8 | €1,534 | €1,431 | -€103 | -6.7% |
| Gross operating margin | 9900 | €69,872 | €96,484 | +€26,612 | +38.1% |
| Operating profit (loss) | 9901 | €67,177 | €94,238 | +€27,061 | +40.3% |
| Financial income | 75/76B | €120 | €687 | +€567 | +472.5% |
| Recurring financial income | 75 | €120 | €687 | +€567 | +472.5% |
| Financial charges | 65/66B | €89 | €103 | +€15 | +16.4% |
| Recurring financial charges | 65 | €89 | €103 | +€15 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €67,208 | €94,822 | +€27,614 | +41.1% |
| Income taxes | 67/77 | €18,438 | €25,342 | +€6,904 | +37.4% |
| Profit (loss) for the period | 9904 | €48,770 | €69,480 | +€20,710 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,770 | €69,480 | +€20,710 | +42.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.