DACOGE: 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.
DACOGE
Largest movements
- Current investments -€101,285
no longer reported in 2025 (was €101,285)
- Contributions -€50,000
down €50,000 (-3.6%), from €1.4m to €1.3m
- Profit (loss) carried forward -€29,840
down €29,840 (-13.1%), from -€227,719 to -€257,559
- Gross operating margin -€15,810
down €15,810 (-61.0%), from -€25,901 to -€41,711
- Financial income +€1,948
up €1,948 (+16.5%), from €11,841 to €13,789
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 | €1,784,022 | €1,703,494 | -€80,528 | -4.5% |
| Fixed assets | 21/28 | €1,404,909 | €1,404,637 | -€272 | 0.0% |
| Tangible fixed assets | 22/27 | €1,234 | €962 | -€272 | -22.0% |
| Furniture and vehicles | 24 | €1,234 | €962 | -€272 | -22.0% |
| Financial fixed assets | 28 | €1,403,675 | €1,403,675 | = | 0.0% |
| Current assets | 29/58 | €379,113 | €298,857 | -€80,256 | -21.2% |
| Amounts receivable within one year | 40/41 | €270,363 | €281,456 | +€11,093 | +4.1% |
| Other amounts receivable | 41 | €270,363 | €281,456 | +€11,093 | +4.1% |
| Current investments | 50/53 | €101,285 | - | -€101,285 | |
| Cash at bank and in hand | 54/58 | €6,728 | €16,621 | +€9,893 | +147.0% |
| Deferred charges and accrued income | 490/1 | €738 | €780 | +€43 | +5.8% |
| Total equity and liabilities | 10/49 | €1,784,022 | €1,703,494 | -€80,528 | -4.5% |
| Equity | 10/15 | €1,752,115 | €1,672,275 | -€79,840 | -4.6% |
| Contributions | 10/11 | €1,397,400 | €1,347,400 | -€50,000 | -3.6% |
| Reserves | 13 | €582,434 | €582,434 | = | 0.0% |
| Distributable reserves | 133 | €582,434 | €582,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€227,719 | -€257,559 | -€29,840 | -13.1% |
| Amounts payable | 17/49 | €31,907 | €31,219 | -€688 | -2.2% |
| Amounts payable within one year | 42/48 | €31,907 | €31,219 | -€688 | -2.2% |
| Trade debts | 44 | €1,192 | - | -€1,192 | |
| Suppliers | 440/4 | €1,192 | - | -€1,192 | |
| Other amounts payable | 47/48 | €30,716 | €31,219 | +€504 | +1.6% |
| Non-recurring operating income | 76A | €3,500 | - | -€3,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125 | €272 | +€147 | +117.9% |
| Other operating charges | 640/8 | €1,193 | €1,354 | +€161 | +13.5% |
| Gross operating margin | 9900 | -€25,901 | -€41,711 | -€15,810 | -61.0% |
| Operating profit (loss) | 9901 | -€27,218 | -€43,337 | -€16,118 | -59.2% |
| Financial income | 75/76B | €11,841 | €13,789 | +€1,948 | +16.5% |
| Recurring financial income | 75 | €11,841 | €13,789 | +€1,948 | +16.5% |
| Financial charges | 65/66B | €53 | €51 | -€2 | -2.9% |
| Recurring financial charges | 65 | €53 | €51 | -€2 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,430 | -€29,599 | -€14,168 | -91.8% |
| Income taxes | 67/77 | €241 | €241 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€15,671 | -€29,840 | -€14,168 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,671 | -€29,840 | -€14,168 | -90.4% |
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 3 October 2026 via checked.be.