DACOFIN: 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.
DACOFIN
Largest movements
- Cash +€62,893
up €62,893 (+195.8%), from €32,129 to €95,022
mainly Net result for the year (+€42,482) and Investment in fixed assets (net) (+€29,872)
- Tangible fixed assets -€52,130
down €52,130 (-6.6%), from €790,067 to €737,937
of which Land and buildings: -€60,444
- Reserves +€30,979
up €30,979 (+19.0%), from €162,737 to €193,716
of which Distributable reserves: +€30,979
- Trade debts -€23,747
down €23,747 (-98.9%), from €24,023 to €276
- Gross operating margin +€66,091
up €66,091 (+254.2%), from €25,995 to €92,086
- Taxes +€17,977
up €17,977 (+731.1%), from €2,459 to €20,436
- Depreciation +€6,735
up €6,735 (+43.4%), from €15,523 to €22,258
- Financial income -€1,512
down €1,512 (-30.4%), from €4,979 to €3,468
- Financial charges +€1,039
up €1,039 (+23.3%), from €4,466 to €5,504
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 | €958,925 | €958,466 | -€459 | 0.0% |
| Fixed assets | 21/28 | €790,067 | €737,937 | -€52,130 | -6.6% |
| Tangible fixed assets | 22/27 | €790,067 | €737,937 | -€52,130 | -6.6% |
| Land and buildings | 22 | €576,560 | €516,115 | -€60,444 | -10.5% |
| Plant, machinery and equipment | 23 | €213,508 | €221,822 | +€8,314 | +3.9% |
| Current assets | 29/58 | €168,858 | €220,529 | +€51,671 | +30.6% |
| Amounts receivable after more than one year | 29 | €133,187 | €124,191 | -€8,996 | -6.8% |
| Other amounts receivable | 291 | €133,187 | €124,191 | -€8,996 | -6.8% |
| Amounts receivable within one year | 40/41 | €447 | €800 | +€353 | +79.0% |
| Trade receivables | 40 | €447 | €497 | +€50 | +11.2% |
| Other amounts receivable | 41 | - | €303 | +€303 | |
| Cash at bank and in hand | 54/58 | €32,129 | €95,022 | +€62,893 | +195.8% |
| Deferred charges and accrued income | 490/1 | €3,095 | €516 | -€2,579 | -83.3% |
| Total equity and liabilities | 10/49 | €958,925 | €958,466 | -€459 | 0.0% |
| Equity | 10/15 | €754,711 | €785,691 | +€30,979 | +4.1% |
| Contributions | 10/11 | €254,000 | €254,000 | = | 0.0% |
| Capital | 10 | €254,000 | €254,000 | = | 0.0% |
| Issued capital | 100 | €254,000 | €254,000 | = | 0.0% |
| Revaluation surpluses | 12 | €77,780 | €77,780 | = | 0.0% |
| Reserves | 13 | €162,737 | €193,716 | +€30,979 | +19.0% |
| Non-distributable reserves | 130/1 | €25,400 | €25,400 | = | 0.0% |
| Legal reserve | 130 | €25,400 | €25,400 | = | 0.0% |
| Distributable reserves | 133 | €137,337 | €168,316 | +€30,979 | +22.6% |
| Profit (loss) carried forward | 14 | €260,195 | €260,195 | = | 0.0% |
| Amounts payable | 17/49 | €204,214 | €172,776 | -€31,439 | -15.4% |
| Amounts payable after more than one year | 17 | €126,431 | €118,925 | -€7,506 | -5.9% |
| Financial debts | 170/4 | €126,431 | €118,925 | -€7,506 | -5.9% |
| Amounts payable within one year | 42/48 | €74,760 | €51,725 | -€23,035 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €14,012 | €7,506 | -€6,506 | -46.4% |
| Trade debts | 44 | €24,023 | €276 | -€23,747 | -98.9% |
| Suppliers | 440/4 | €24,023 | €276 | -€23,747 | -98.9% |
| Taxes, remuneration and social security | 45 | €6,761 | €5,451 | -€1,310 | -19.4% |
| Taxes | 450/3 | €6,761 | €5,451 | -€1,310 | -19.4% |
| Other amounts payable | 47/48 | €29,964 | €38,492 | +€8,528 | +28.5% |
| Accrued charges and deferred income | 492/3 | €3,023 | €2,125 | -€897 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,523 | €22,258 | +€6,735 | +43.4% |
| Other operating charges | 640/8 | €4,892 | €4,873 | -€19 | -0.4% |
| Gross operating margin | 9900 | €25,995 | €92,086 | +€66,091 | +254.2% |
| Operating profit (loss) | 9901 | €5,580 | €64,956 | +€59,375 | +1064.0% |
| Financial income | 75/76B | €4,979 | €3,468 | -€1,512 | -30.4% |
| Recurring financial income | 75 | €4,979 | €3,468 | -€1,512 | -30.4% |
| Financial charges | 65/66B | €4,466 | €5,504 | +€1,039 | +23.3% |
| Recurring financial charges | 65 | €4,466 | €5,504 | +€1,039 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €6,094 | €62,919 | +€56,825 | +932.5% |
| Income taxes | 67/77 | €2,459 | €20,436 | +€17,977 | +731.1% |
| Profit (loss) for the period | 9904 | €3,635 | €42,482 | +€38,847 | +1068.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,635 | €42,482 | +€38,847 | +1068.7% |
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 7 October 2026 via checked.be.