DC GREEN: 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 GREEN
Largest movements
- Tangible fixed assets +€11.9m
up €11.9m (+27.9%), from €42.6m to €54.5m
of which Plant, machinery and equipment: +€14.5m
- Cash -€4.6m
down €4.6m (-93.3%), from €4.9m to €329,334
mainly Investment in fixed assets (net) (-€12.9m) and Net result for the year (-€3.1m)
- Deferred charges and accrued income +€794,095
up €794,095 (+49.1%), from €1.6m to €2.4m
- Debts after one year +€11.3m
up €11.3m (+23.4%), from €48.2m to €59.5m
of which Financial debts: +€11.3m
- Profit (loss) carried forward -€3.1m
down €3.1m (-196%), from -€1.6m to -€4.6m
- Tax, wage and social debts -€1.7m
down €1.7m (-95.7%), from €1.8m to €76,845
of which Taxes: -€1.8m
- Current portion of long-term debt +€1.1m
up €1.1m (+374%), from €300,000 to €1.4m
- Financial charges +€2.7m
up €2.7m (+150%), from €1.8m to €4.4m
- Gross operating margin +€2.4m
up €2.4m (+386%), from €625,022 to €3.0m
- Depreciation +€886,799
up €886,799 (+283%), from €312,829 to €1.2m
- Staff costs +€441,581
new in 2025: €441,581
- Financial income -€125,583
no longer reported in 2025 (was €125,583)
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 | €53,335,057 | €60,730,864 | +€7.4m | +13.9% |
| Formation expenses | 20 | €703,251 | €558,342 | -€144,909 | -20.6% |
| Fixed assets | 21/28 | €42,587,579 | €54,474,025 | +€11.9m | +27.9% |
| Tangible fixed assets | 22/27 | €42,587,579 | €54,474,025 | +€11.9m | +27.9% |
| Land and buildings | 22 | €3,961,788 | €17,527,606 | +€13.6m | +342% |
| Plant, machinery and equipment | 23 | €2,658,900 | €17,152,489 | +€14.5m | +545% |
| Leasing and similar rights | 25 | - | €805,159 | +€805,159 | |
| Assets under construction and advance payments | 27 | €35,966,892 | €18,988,771 | -€17.0m | -47.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €10,044,227 | €5,698,497 | -€4.3m | -43.3% |
| Amounts receivable within one year | 40/41 | €3,518,178 | €2,957,907 | -€560,271 | -15.9% |
| Trade receivables | 40 | €26,238 | €779,346 | +€753,108 | +2,870% |
| Other amounts receivable | 41 | €3,491,940 | €2,178,561 | -€1.3m | -37.6% |
| Cash at bank and in hand | 54/58 | €4,908,888 | €329,334 | -€4.6m | -93.3% |
| Deferred charges and accrued income | 490/1 | €1,617,161 | €2,411,256 | +€794,095 | +49.1% |
| Total equity and liabilities | 10/49 | €53,335,057 | €60,730,864 | +€7.4m | +13.9% |
| Equity | 10/15 | -€1,305,133 | -€4,355,761 | -€3.1m | -234% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,555,133 | -€4,605,761 | -€3.1m | -196% |
| Amounts payable | 17/49 | €54,640,190 | €65,086,625 | +€10.4m | +19.1% |
| Amounts payable after more than one year | 17 | €48,223,939 | €59,507,482 | +€11.3m | +23.4% |
| Financial debts | 170/4 | €48,223,939 | €59,507,482 | +€11.3m | +23.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €6,314,580 | €5,318,374 | -€996,205 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €1,423,200 | +€1.1m | +374% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,212,290 | €3,818,329 | -€393,961 | -9.4% |
| Suppliers | 440/4 | €4,212,290 | €3,818,329 | -€393,961 | -9.4% |
| Taxes, remuneration and social security | 45 | €1,802,290 | €76,845 | -€1.7m | -95.7% |
| Taxes | 450/3 | €1,802,290 | - | -€1.8m | |
| Remuneration and social security | 454/9 | - | €76,845 | +€76,845 | |
| Accrued charges and deferred income | 492/3 | €101,671 | €260,769 | +€159,098 | +156% |
| Remuneration, social security and pensions | 62 | - | €441,581 | +€441,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312,829 | €1,199,628 | +€886,799 | +283% |
| Other operating charges | 640/8 | €34 | - | -€34 | |
| Gross operating margin | 9900 | €625,022 | €3,034,818 | +€2.4m | +386% |
| Operating profit (loss) | 9901 | €312,159 | €1,393,609 | +€1.1m | +346% |
| Financial income | 75/76B | €125,583 | - | -€125,583 | |
| Recurring financial income | 75 | €125,583 | - | -€125,583 | |
| Financial charges | 65/66B | €1,775,462 | €4,444,237 | +€2.7m | +150% |
| Recurring financial charges | 65 | €1,775,462 | €4,444,237 | +€2.7m | +150% |
| Profit (loss) for the period before taxes | 9903 | -€1,337,720 | -€3,050,628 | -€1.7m | -128% |
| Profit (loss) for the period | 9904 | -€1,337,720 | -€3,050,628 | -€1.7m | -128% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,337,720 | -€3,050,628 | -€1.7m | -128% |
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 16 October 2026 via checked.be.