DC-360°: 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.
DC-360°
Largest movements
- Financial fixed assets +€138,950
up €138,950 (+38.8%), from €358,200 to €497,150
- Reserves +€73,709
up €73,709 (+38.6%), from €191,135 to €264,844
- Debts after one year +€27,763
up €27,763 (+20.8%), from €133,528 to €161,291
- Current portion of long-term debt +€23,199
up €23,199 (+51.2%), from €45,285 to €68,484
- Other debts +€17,099
up €17,099 (+272.5%), from €6,276 to €23,374
- Accrued charges and deferred income -€10,000
down €10,000 (-48.0%), from €20,834 to €10,834
- Gross operating margin +€33,883
up €33,883 (+46.0%), from €73,652 to €107,534
- Taxes +€8,630
up €8,630 (+52.3%), from €16,515 to €25,145
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 | €444,328 | €578,733 | +€134,405 | +30.2% |
| Fixed assets | 21/28 | €359,766 | €498,137 | +€138,371 | +38.5% |
| Tangible fixed assets | 22/27 | €1,566 | €987 | -€579 | -37.0% |
| Plant, machinery and equipment | 23 | €1,566 | €987 | -€579 | -37.0% |
| Financial fixed assets | 28 | €358,200 | €497,150 | +€138,950 | +38.8% |
| Current assets | 29/58 | €84,562 | €80,596 | -€3,966 | -4.7% |
| Amounts receivable within one year | 40/41 | €7,500 | €1,800 | -€5,700 | -76.0% |
| Trade receivables | 40 | €7,500 | €1,800 | -€5,700 | -76.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €70,137 | €70,505 | +€368 | +0.5% |
| Cash at bank and in hand | 54/58 | €3,633 | €7,200 | +€3,567 | +98.2% |
| Deferred charges and accrued income | 490/1 | €3,292 | €1,092 | -€2,201 | -66.8% |
| Total equity and liabilities | 10/49 | €444,328 | €578,733 | +€134,405 | +30.2% |
| Equity | 10/15 | €196,635 | €270,344 | +€73,709 | +37.5% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | €191,135 | €264,844 | +€73,709 | +38.6% |
| Distributable reserves | 133 | €191,135 | €264,844 | +€73,709 | +38.6% |
| Amounts payable | 17/49 | €247,693 | €308,389 | +€60,696 | +24.5% |
| Amounts payable after more than one year | 17 | €133,528 | €161,291 | +€27,763 | +20.8% |
| Financial debts | 170/4 | €133,528 | €161,291 | +€27,763 | +20.8% |
| Amounts payable within one year | 42/48 | €93,331 | €136,264 | +€42,933 | +46.0% |
| Current portion of amounts payable after more than one year | 42 | €45,285 | €68,484 | +€23,199 | +51.2% |
| Trade debts | 44 | €35,029 | €33,316 | -€1,713 | -4.9% |
| Suppliers | 440/4 | €35,029 | €33,316 | -€1,713 | -4.9% |
| Taxes, remuneration and social security | 45 | €6,742 | €11,089 | +€4,348 | +64.5% |
| Taxes | 450/3 | €6,742 | €11,089 | +€4,348 | +64.5% |
| Other amounts payable | 47/48 | €6,276 | €23,374 | +€17,099 | +272.5% |
| Accrued charges and deferred income | 492/3 | €20,834 | €10,834 | -€10,000 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166 | €579 | +€413 | +249.4% |
| Other operating charges | 640/8 | €851 | €1,473 | +€622 | +73.1% |
| Gross operating margin | 9900 | €73,652 | €107,534 | +€33,883 | +46.0% |
| Operating profit (loss) | 9901 | €72,635 | €105,482 | +€32,847 | +45.2% |
| Financial income | 75/76B | €49 | €448 | +€399 | +814.3% |
| Recurring financial income | 75 | €49 | €448 | +€399 | +814.3% |
| Financial charges | 65/66B | €6,848 | €7,076 | +€228 | +3.3% |
| Recurring financial charges | 65 | €6,848 | €7,076 | +€228 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €65,835 | €98,854 | +€33,018 | +50.2% |
| Income taxes | 67/77 | €16,515 | €25,145 | +€8,630 | +52.3% |
| Profit (loss) for the period | 9904 | €49,321 | €73,709 | +€24,388 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,321 | €73,709 | +€24,388 | +49.4% |
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 1 October 2026 via checked.be.