DACOM: 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.
DACOM
Largest movements
- Tangible fixed assets +€279,531
up €279,531 (+17.6%), from €1.6m to €1.9m
of which Plant, machinery and equipment: +€168,797
- Cash -€219,733
down €219,733 (-97.9%), from €224,369 to €4,636
mainly Investment in fixed assets (net) (-€429,024) and Contributions, distributions and other (-€210,000)
- Reserves +€120,659
up €120,659 (+8.8%), from €1.4m to €1.5m
of which Distributable reserves: +€120,659
- Other debts -€104,500
down €104,500 (-34.4%), from €304,000 to €199,500
- Gross operating margin +€57,653
up €57,653 (+9.0%), from €643,144 to €700,798
- Depreciation +€22,748
up €22,748 (+17.9%), from €126,746 to €149,494
- Other operating charges +€22,426
up €22,426 (+39.5%), from €56,807 to €79,233
- Taxes +€15,362
up €15,362 (+11.3%), from €135,551 to €150,914
- Financial income +€9,675
up €9,675, from €0 to €9,675
of which Non-recurring financial income: +€9,675
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.
Derived cash bridge
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 | €1,841,093 | €1,887,621 | +€46,527 | +2.5% |
| Fixed assets | 21/28 | €1,589,109 | €1,868,640 | +€279,531 | +17.6% |
| Tangible fixed assets | 22/27 | €1,589,109 | €1,868,640 | +€279,531 | +17.6% |
| Land and buildings | 22 | €829,674 | €955,579 | +€125,905 | +15.2% |
| Plant, machinery and equipment | 23 | €710,149 | €878,946 | +€168,797 | +23.8% |
| Furniture and vehicles | 24 | €49,286 | €34,114 | -€15,172 | -30.8% |
| Current assets | 29/58 | €251,984 | €18,981 | -€233,003 | -92.5% |
| Amounts receivable within one year | 40/41 | €25,161 | €8,161 | -€17,000 | -67.6% |
| Trade receivables | 40 | €20,712 | €3,712 | -€17,000 | -82.1% |
| Other amounts receivable | 41 | €4,449 | €4,449 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €224,369 | €4,636 | -€219,733 | -97.9% |
| Deferred charges and accrued income | 490/1 | €2,454 | €6,184 | +€3,729 | +152% |
| Total equity and liabilities | 10/49 | €1,841,093 | €1,887,621 | +€46,527 | +2.5% |
| Equity | 10/15 | €1,491,872 | €1,612,531 | +€120,659 | +8.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,365,438 | €1,486,097 | +€120,659 | +8.8% |
| Non-distributable reserves | 130/1 | €118,700 | €118,700 | = | 0.0% |
| Legal reserve | 130 | €118,700 | €118,700 | = | 0.0% |
| Distributable reserves | 133 | €1,246,738 | €1,367,397 | +€120,659 | +9.7% |
| Profit (loss) carried forward | 14 | €64,934 | €64,934 | = | 0.0% |
| Amounts payable | 17/49 | €349,221 | €275,090 | -€74,131 | -21.2% |
| Amounts payable within one year | 42/48 | €321,161 | €245,925 | -€75,237 | -23.4% |
| Financial debts | 43 | €1,656 | €8,464 | +€6,808 | +411% |
| Other loans | 439 | €1,656 | €8,464 | +€6,808 | +411% |
| Trade debts | 44 | €4,137 | €10,212 | +€6,075 | +147% |
| Suppliers | 440/4 | €4,137 | €10,212 | +€6,075 | +147% |
| Taxes, remuneration and social security | 45 | €11,368 | €27,748 | +€16,381 | +144% |
| Taxes | 450/3 | €11,368 | €27,748 | +€16,381 | +144% |
| Other amounts payable | 47/48 | €304,000 | €199,500 | -€104,500 | -34.4% |
| Accrued charges and deferred income | 492/3 | €28,060 | €29,165 | +€1,106 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,746 | €149,494 | +€22,748 | +17.9% |
| Other operating charges | 640/8 | €56,807 | €79,233 | +€22,426 | +39.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €643,144 | €700,798 | +€57,653 | +9.0% |
| Operating profit (loss) | 9901 | €459,592 | €472,071 | +€12,479 | +2.7% |
| Financial income | 75/76B | €0 | €9,675 | +€9,675 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €9,675 | +€9,675 | |
| Financial charges | 65/66B | €600 | €174 | -€426 | -71.0% |
| Recurring financial charges | 65 | €600 | €174 | -€426 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €458,992 | €481,572 | +€22,580 | +4.9% |
| Income taxes | 67/77 | €135,551 | €150,914 | +€15,362 | +11.3% |
| Profit (loss) for the period | 9904 | €323,441 | €330,659 | +€7,218 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €323,441 | €330,659 | +€7,218 | +2.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.