DC Development: 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.
DC Development
Largest movements
- Receivables within one year -€158,674
down €158,674 (-32.8%), from €483,882 to €325,208
of which Other amounts receivable: -€151,247
- Tangible fixed assets -€29,456
down €29,456 (-4.7%), from €621,042 to €591,586
of which Furniture and vehicles: -€25,155
- Stocks and contracts -€18,605
down €18,605 (-6.7%), from €278,542 to €259,937
- Short-term financial debts -€420,000
no longer reported in 2025 (was €420,000)
- Other debts +€145,441
up €145,441 (+62.4%), from €233,165 to €378,606
- Reserves +€76,229
up €76,229 (+22.4%), from €340,232 to €416,461
- Debts after one year -€43,415
down €43,415 (-9.0%), from €480,348 to €436,933
- Tax, wage and social debts +€27,642
up €27,642 (+1,103%), from €2,507 to €30,149
of which Taxes: +€24,281
- Gross operating margin +€99,401
up €99,401 (+98.4%), from €100,977 to €200,378
- Financial charges +€30,271
up €30,271 (+121%), from €25,104 to €55,375
of which Non-recurring financial charges: +€30,000
- Depreciation +€22,817
up €22,817 (+119%), from €19,219 to €42,037
- Taxes +€12,408
up €12,408 (+92.4%), from €13,428 to €25,836
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 | €1,546,591 | €1,321,930 | -€224,660 | -14.5% |
| Fixed assets | 21/28 | €760,176 | €721,600 | -€38,577 | -5.1% |
| Tangible fixed assets | 22/27 | €621,042 | €591,586 | -€29,456 | -4.7% |
| Land and buildings | 22 | €500,383 | €496,964 | -€3,419 | -0.7% |
| Plant, machinery and equipment | 23 | €4,074 | €3,192 | -€882 | -21.6% |
| Furniture and vehicles | 24 | €116,585 | €91,430 | -€25,155 | -21.6% |
| Financial fixed assets | 28 | €139,134 | €130,013 | -€9,121 | -6.6% |
| Current assets | 29/58 | €786,415 | €600,331 | -€186,084 | -23.7% |
| Stocks and contracts in progress | 3 | €278,542 | €259,937 | -€18,605 | -6.7% |
| Stocks | 30/36 | €278,542 | €259,937 | -€18,605 | -6.7% |
| Amounts receivable within one year | 40/41 | €483,882 | €325,208 | -€158,674 | -32.8% |
| Trade receivables | 40 | €21,874 | €14,446 | -€7,427 | -34.0% |
| Other amounts receivable | 41 | €462,009 | €310,762 | -€151,247 | -32.7% |
| Cash at bank and in hand | 54/58 | €20,788 | €12,369 | -€8,419 | -40.5% |
| Deferred charges and accrued income | 490/1 | €3,203 | €2,816 | -€386 | -12.1% |
| Total equity and liabilities | 10/49 | €1,546,591 | €1,321,930 | -€224,660 | -14.5% |
| Equity | 10/15 | €346,432 | €422,661 | +€76,229 | +22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €340,232 | €416,461 | +€76,229 | +22.4% |
| Distributable reserves | 133 | €340,232 | €416,461 | +€76,229 | +22.4% |
| Amounts payable | 17/49 | €1,200,159 | €899,270 | -€300,890 | -25.1% |
| Amounts payable after more than one year | 17 | €480,348 | €436,933 | -€43,415 | -9.0% |
| Financial debts | 170/4 | €480,348 | €436,933 | -€43,415 | -9.0% |
| Amounts payable within one year | 42/48 | €719,811 | €462,337 | -€257,474 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €43,119 | €43,415 | +€296 | +0.7% |
| Financial debts | 43 | €420,000 | - | -€420,000 | |
| Credit institutions | 430/8 | €420,000 | - | -€420,000 | |
| Trade debts | 44 | €20,961 | €10,167 | -€10,794 | -51.5% |
| Suppliers | 440/4 | €20,961 | €10,167 | -€10,794 | -51.5% |
| Advances received on contracts in progress | 46 | €60 | - | -€60 | |
| Taxes, remuneration and social security | 45 | €2,507 | €30,149 | +€27,642 | +1,103% |
| Taxes | 450/3 | €2,507 | €26,788 | +€24,281 | +969% |
| Remuneration and social security | 454/9 | - | €3,361 | +€3,361 | |
| Other amounts payable | 47/48 | €233,165 | €378,606 | +€145,441 | +62.4% |
| Non-recurring operating income | 76A | €10,400 | - | -€10,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,219 | €42,037 | +€22,817 | +119% |
| Other operating charges | 640/8 | €1,091 | €2,590 | +€1,499 | +137% |
| Gross operating margin | 9900 | €100,977 | €200,378 | +€99,401 | +98.4% |
| Operating profit (loss) | 9901 | €80,667 | €155,751 | +€75,085 | +93.1% |
| Financial income | 75/76B | €1,280 | €1,689 | +€409 | +32.0% |
| Recurring financial income | 75 | €1,280 | €1,689 | +€409 | +32.0% |
| Financial charges | 65/66B | €25,104 | €55,375 | +€30,271 | +121% |
| Recurring financial charges | 65 | €25,104 | €25,375 | +€271 | +1.1% |
| Non-recurring financial charges | 66B | - | €30,000 | +€30,000 | |
| Profit (loss) for the period before taxes | 9903 | €56,842 | €102,066 | +€45,223 | +79.6% |
| Income taxes | 67/77 | €13,428 | €25,836 | +€12,408 | +92.4% |
| Profit (loss) for the period | 9904 | €43,414 | €76,229 | +€32,815 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,414 | €76,229 | +€32,815 | +75.6% |
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 13 October 2026 via checked.be.