DC FINANCE: 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 FINANCE
Largest movements
- Cash -€17,167
down €17,167 (-88.3%), from €19,452 to €2,285
mainly Contributions, distributions and other (-€45,961) and Investment in fixed assets (net) (-€15,631)
- Financial fixed assets +€15,631
up €15,631 (+21.1%), from €74,249 to €89,881
- Tangible fixed assets -€12,885
down €12,885 (-50.0%), from €25,747 to €12,861
of which Furniture and vehicles: -€11,688
- Receivables within one year -€1,364
down €1,364 (-100%), from €1,364 to €0
- Reserves -€22,852
down €22,852 (-24.6%), from €92,833 to €69,981
- Other debts +€18,745
up €18,745 (+709%), from €2,643 to €21,387
- Current portion of long-term debt -€12,235
down €12,235 (-89.7%), from €13,637 to €1,402
- Tax, wage and social debts +€5,912
new in 2025: €5,912
- Debts after one year -€2,705
down €2,705 (-100%), from €2,705 to €0
- Gross operating margin +€11,087
up €11,087 (+30.5%), from €36,335 to €47,423
- Taxes +€6,144
up €6,144 (+80.5%), from €7,636 to €13,780
- Financial income +€3,812
new in 2025: €3,812
- Financial charges -€599
down €599 (-56.0%), from €1,071 to €471
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 | €120,812 | €105,027 | -€15,785 | -13.1% |
| Fixed assets | 21/28 | €99,996 | €102,742 | +€2,746 | +2.7% |
| Tangible fixed assets | 22/27 | €25,747 | €12,861 | -€12,885 | -50.0% |
| Furniture and vehicles | 24 | €24,349 | €12,661 | -€11,688 | -48.0% |
| Other tangible fixed assets | 26 | €1,398 | €200 | -€1,198 | -85.7% |
| Financial fixed assets | 28 | €74,249 | €89,881 | +€15,631 | +21.1% |
| Current assets | 29/58 | €20,816 | €2,285 | -€18,531 | -89.0% |
| Amounts receivable within one year | 40/41 | €1,364 | €0 | -€1,364 | -100% |
| Other amounts receivable | 41 | €1,364 | €0 | -€1,364 | -100% |
| Cash at bank and in hand | 54/58 | €19,452 | €2,285 | -€17,167 | -88.3% |
| Total equity and liabilities | 10/49 | €120,812 | €105,027 | -€15,785 | -13.1% |
| Equity | 10/15 | €99,033 | €76,181 | -€22,852 | -23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €92,833 | €69,981 | -€22,852 | -24.6% |
| Distributable reserves | 133 | €92,833 | €69,981 | -€22,852 | -24.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,779 | €28,846 | +€7,066 | +32.4% |
| Amounts payable after more than one year | 17 | €2,705 | €0 | -€2,705 | -100% |
| Financial debts | 170/4 | €2,705 | €0 | -€2,705 | -100% |
| Amounts payable within one year | 42/48 | €19,047 | €28,846 | +€9,798 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €13,637 | €1,402 | -€12,235 | -89.7% |
| Trade debts | 44 | €2,768 | €144 | -€2,624 | -94.8% |
| Suppliers | 440/4 | €2,768 | €144 | -€2,624 | -94.8% |
| Taxes, remuneration and social security | 45 | - | €5,912 | +€5,912 | |
| Taxes | 450/3 | - | €5,912 | +€5,912 | |
| Other amounts payable | 47/48 | €2,643 | €21,387 | +€18,745 | +709% |
| Accrued charges and deferred income | 492/3 | €27 | €0 | -€27 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,885 | €12,885 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Other operating charges | 640/8 | €732 | €988 | +€256 | +34.9% |
| Gross operating margin | 9900 | €36,335 | €47,423 | +€11,087 | +30.5% |
| Operating profit (loss) | 9901 | €22,718 | €33,549 | +€10,832 | +47.7% |
| Financial income | 75/76B | - | €3,812 | +€3,812 | |
| Recurring financial income | 75 | - | €3,812 | +€3,812 | |
| Financial charges | 65/66B | €1,071 | €471 | -€599 | -56.0% |
| Recurring financial charges | 65 | €1,071 | €471 | -€599 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €21,647 | €36,890 | +€15,243 | +70.4% |
| Income taxes | 67/77 | €7,636 | €13,780 | +€6,144 | +80.5% |
| Profit (loss) for the period | 9904 | €14,011 | €23,110 | +€9,099 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,011 | €23,110 | +€9,099 | +64.9% |
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 15 October 2026 via checked.be.