Dacobel: 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.
Dacobel
Largest movements
- Receivables within one year +€397,939
up €397,939 (+147.3%), from €270,135 to €668,074
of which Trade receivables: +€421,322
- Cash -€327,867
down €327,867 (-34.6%), from €947,125 to €619,258
mainly Receivables within one year (-€397,939) and Tax, wage and social debts (-€43,729)
- Tangible fixed assets -€46,275
down €46,275 (-36.1%), from €128,322 to €82,047
of which Furniture and vehicles: -€41,923
- Deferred charges and accrued income -€22,161
down €22,161 (-49.2%), from €45,004 to €22,844
- Financial fixed assets -€18,270
down €18,270 (-20.2%), from €90,321 to €72,051
- Profit (loss) carried forward +€59,304
up €59,304 (+15.9%), from -€373,457 to -€314,154
- Tax, wage and social debts -€43,729
down €43,729 (-28.2%), from €155,298 to €111,569
of which Remuneration and social security: -€50,325
- Debts after one year -€25,000
down €25,000 (-3.6%), from €699,963 to €674,963
- Turnover +€1.3m
new in 2025: €1.3m
- Staff costs -€471,839
down €471,839 (-33.8%), from €1.4m to €923,814
- Purchases and services +€328,507
new in 2025: €328,507
- Gross operating margin -€265,090
down €265,090 (-20.1%), from €1.3m to €1.1m
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 | €1,550,230 | €1,533,934 | -€16,296 | -1.1% |
| Fixed assets | 21/28 | €218,643 | €154,098 | -€64,545 | -29.5% |
| Tangible fixed assets | 22/27 | €128,322 | €82,047 | -€46,275 | -36.1% |
| Furniture and vehicles | 24 | €115,265 | €73,342 | -€41,923 | -36.4% |
| Other tangible fixed assets | 26 | €13,057 | €8,705 | -€4,352 | -33.3% |
| Financial fixed assets | 28 | €90,321 | €72,051 | -€18,270 | -20.2% |
| Current assets | 29/58 | €1,331,588 | €1,379,837 | +€48,249 | +3.6% |
| Amounts receivable within one year | 40/41 | €270,135 | €668,074 | +€397,939 | +147.3% |
| Trade receivables | 40 | €236,288 | €657,610 | +€421,322 | +178.3% |
| Other amounts receivable | 41 | €33,847 | €10,464 | -€23,383 | -69.1% |
| Current investments | 50/53 | €69,324 | €69,661 | +€338 | +0.5% |
| Cash at bank and in hand | 54/58 | €947,125 | €619,258 | -€327,867 | -34.6% |
| Deferred charges and accrued income | 490/1 | €45,004 | €22,844 | -€22,161 | -49.2% |
| Total equity and liabilities | 10/49 | €1,550,230 | €1,533,934 | -€16,296 | -1.1% |
| Equity | 10/15 | €513,629 | €572,932 | +€59,304 | +11.5% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €237,086 | €237,086 | = | 0.0% |
| Non-distributable reserves | 130/1 | €81,857 | €81,857 | = | 0.0% |
| Legal reserve | 130 | €65,000 | €65,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,857 | €16,857 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,230 | €20,230 | = | 0.0% |
| Distributable reserves | 133 | €135,000 | €135,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€373,457 | -€314,154 | +€59,304 | +15.9% |
| Amounts payable | 17/49 | €1,036,602 | €961,002 | -€75,600 | -7.3% |
| Amounts payable after more than one year | 17 | €699,963 | €674,963 | -€25,000 | -3.6% |
| Financial debts | 170/4 | €699,963 | €674,963 | -€25,000 | -3.6% |
| Amounts payable within one year | 42/48 | €333,570 | €285,989 | -€47,581 | -14.3% |
| Trade debts | 44 | €171,253 | €159,321 | -€11,933 | -7.0% |
| Suppliers | 440/4 | €171,253 | €159,321 | -€11,933 | -7.0% |
| Taxes, remuneration and social security | 45 | €155,298 | €111,569 | -€43,729 | -28.2% |
| Taxes | 450/3 | €27,020 | €33,616 | +€6,596 | +24.4% |
| Remuneration and social security | 454/9 | €128,277 | €77,952 | -€50,325 | -39.2% |
| Other amounts payable | 47/48 | €7,019 | €15,099 | +€8,081 | +115.1% |
| Accrued charges and deferred income | 492/3 | €3,069 | €50 | -€3,019 | -98.4% |
| Turnover | 70 | - | €1,330,083 | +€1.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €328,507 | +€328,507 | |
| Remuneration, social security and pensions | 62 | €1,395,654 | €923,814 | -€471,839 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,165 | €46,275 | -€7,889 | -14.6% |
| Other operating charges | 640/8 | €25,035 | €16,497 | -€8,538 | -34.1% |
| Gross operating margin | 9900 | €1,320,463 | €1,055,373 | -€265,090 | -20.1% |
| Operating profit (loss) | 9901 | -€154,391 | €68,785 | +€223,176 | |
| Financial income | 75/76B | €8,896 | €439 | -€8,457 | -95.1% |
| Recurring financial income | 75 | €8,896 | €439 | -€8,457 | -95.1% |
| Financial charges | 65/66B | €9,218 | €7,774 | -€1,443 | -15.7% |
| Recurring financial charges | 65 | €9,218 | €7,774 | -€1,443 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€154,713 | €61,450 | +€216,163 | |
| Income taxes | 67/77 | €4,429 | €2,147 | -€2,282 | -51.5% |
| Profit (loss) for the period | 9904 | -€159,142 | €59,304 | +€218,445 | |
| Profit (loss) for the period to be appropriated | 9905 | -€159,142 | €59,304 | +€218,445 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.