DC & GC: 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 & GC
Largest movements
- Cash +€65,532
up €65,532 (+351%), from €18,689 to €84,221
mainly Debts after one year (+€50,039) and Net result for the year (+€8,538)
- Tangible fixed assets -€1,386
down €1,386 (-24.5%), from €5,649 to €4,263
- Debts after one year +€50,039
new in 2025: €50,039
- Profit (loss) carried forward +€8,538
up €8,538 (+34.8%), from €24,538 to €33,076
- Current portion of long-term debt +€4,961
new in 2025: €4,961
- Trade debts +€4,132
up €4,132 (+89.8%), from €4,603 to €8,735
- Tax, wage and social debts -€3,171
down €3,171 (-42.8%), from €7,410 to €4,239
- Gross operating margin -€7,854
down €7,854 (-34.2%), from €22,981 to €15,128
- Taxes -€3,073
down €3,073 (-55.3%), from €5,561 to €2,487
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 | €55,674 | €121,665 | +€65,990 | +119% |
| Fixed assets | 21/28 | €6,474 | €4,988 | -€1,486 | -23.0% |
| Intangible fixed assets | 21 | €825 | €725 | -€100 | -12.1% |
| Tangible fixed assets | 22/27 | €5,649 | €4,263 | -€1,386 | -24.5% |
| Furniture and vehicles | 24 | €5,649 | €4,263 | -€1,386 | -24.5% |
| Current assets | 29/58 | €49,201 | €116,677 | +€67,476 | +137% |
| Stocks and contracts in progress | 3 | €29,805 | €30,885 | +€1,080 | +3.6% |
| Stocks | 30/36 | €29,805 | €30,885 | +€1,080 | +3.6% |
| Amounts receivable within one year | 40/41 | €707 | €731 | +€24 | +3.4% |
| Trade receivables | 40 | €707 | €731 | +€24 | +3.4% |
| Cash at bank and in hand | 54/58 | €18,689 | €84,221 | +€65,532 | +351% |
| Deferred charges and accrued income | 490/1 | - | €840 | +€840 | |
| Total equity and liabilities | 10/49 | €55,674 | €121,665 | +€65,990 | +119% |
| Equity | 10/15 | €39,538 | €48,076 | +€8,538 | +21.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,538 | €33,076 | +€8,538 | +34.8% |
| Amounts payable | 17/49 | €16,137 | €73,589 | +€57,452 | +356% |
| Amounts payable after more than one year | 17 | - | €50,039 | +€50,039 | |
| Financial debts | 170/4 | - | €50,039 | +€50,039 | |
| Amounts payable within one year | 42/48 | €15,848 | €22,579 | +€6,731 | +42.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,961 | +€4,961 | |
| Trade debts | 44 | €4,603 | €8,735 | +€4,132 | +89.8% |
| Suppliers | 440/4 | €4,603 | €8,735 | +€4,132 | +89.8% |
| Taxes, remuneration and social security | 45 | €7,410 | €4,239 | -€3,171 | -42.8% |
| Taxes | 450/3 | €7,410 | €4,239 | -€3,171 | -42.8% |
| Other amounts payable | 47/48 | €3,835 | €4,643 | +€807 | +21.1% |
| Accrued charges and deferred income | 492/3 | €289 | €972 | +€683 | +236% |
| Remuneration, social security and pensions | 62 | €25 | - | -€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,840 | €1,901 | +€61 | +3.3% |
| Other operating charges | 640/8 | €2,042 | €2,098 | +€56 | +2.7% |
| Gross operating margin | 9900 | €22,981 | €15,128 | -€7,854 | -34.2% |
| Operating profit (loss) | 9901 | €19,074 | €11,129 | -€7,945 | -41.7% |
| Financial income | 75/76B | €165 | €9 | -€157 | -94.8% |
| Recurring financial income | 75 | €165 | €9 | -€157 | -94.8% |
| Financial charges | 65/66B | €182 | €112 | -€70 | -38.7% |
| Recurring financial charges | 65 | €182 | €112 | -€70 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €19,057 | €11,026 | -€8,032 | -42.1% |
| Income taxes | 67/77 | €5,561 | €2,487 | -€3,073 | -55.3% |
| Profit (loss) for the period | 9904 | €13,496 | €8,538 | -€4,958 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,496 | €8,538 | -€4,958 | -36.7% |
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.