DC INFRAROOD: what changed
DC INFRAROOD
Largest movements
- Cash +€22,343
up €22,343 (+16.6%), from €134,425 to €156,767
mainly Trade debts (+€59,208) and Depreciation (+€22,642)
- Stocks and contracts -€15,142
down €15,142 (-12.5%), from €121,463 to €106,321
- Tangible fixed assets -€10,869
down €10,869 (-16.0%), from €67,873 to €57,004
of which Furniture and vehicles: -€18,670
- Receivables within one year +€10,624
up €10,624 (+1,321%), from €804 to €11,428
of which Trade receivables: +€11,324
- Trade debts +€59,208
up €59,208 (+715%), from €8,284 to €67,492
- Debts after one year -€40,929
down €40,929 (-43.2%), from €94,693 to €53,764
- Short-term financial debts -€9,991
down €9,991 (-10.0%), from €100,000 to €90,009
- Other debts -€6,661
down €6,661 (-16.3%), from €40,966 to €34,305
- Reserves +€4,073
up €4,073 (+24.0%), from €16,954 to €21,027
- Gross operating margin +€47,331
up €47,331, from -€9,443 to €37,889
- Financial charges -€4,430
down €4,430 (-30.9%), from €14,350 to €9,921
- Depreciation +€2,236
up €2,236 (+11.0%), from €20,406 to €22,642
- Other operating charges -€1,067
down €1,067 (-50.7%), from €2,106 to €1,039
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €332,921 | €339,010 | +€6,089 | +1.8% |
| Fixed assets | 21/28 | €72,523 | €61,654 | -€10,869 | -15.0% |
| Tangible fixed assets | 22/27 | €67,873 | €57,004 | -€10,869 | -16.0% |
| Plant, machinery and equipment | 23 | €8,518 | €16,319 | +€7,801 | +91.6% |
| Furniture and vehicles | 24 | €59,355 | €40,685 | -€18,670 | -31.5% |
| Financial fixed assets | 28 | €4,650 | €4,650 | = | 0.0% |
| Current assets | 29/58 | €260,398 | €277,357 | +€16,958 | +6.5% |
| Stocks and contracts in progress | 3 | €121,463 | €106,321 | -€15,142 | -12.5% |
| Stocks | 30/36 | €121,463 | €106,321 | -€15,142 | -12.5% |
| Amounts receivable within one year | 40/41 | €804 | €11,428 | +€10,624 | +1,321% |
| Trade receivables | 40 | €104 | €11,428 | +€11,324 | +10,851% |
| Other amounts receivable | 41 | €700 | - | -€700 | |
| Cash at bank and in hand | 54/58 | €134,425 | €156,767 | +€22,343 | +16.6% |
| Deferred charges and accrued income | 490/1 | €3,707 | €2,840 | -€866 | -23.4% |
| Total equity and liabilities | 10/49 | €332,921 | €339,010 | +€6,089 | +1.8% |
| Equity | 10/15 | €35,554 | €39,627 | +€4,073 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,954 | €21,027 | +€4,073 | +24.0% |
| Distributable reserves | 133 | €16,954 | €21,027 | +€4,073 | +24.0% |
| Amounts payable | 17/49 | €297,367 | €299,383 | +€2,016 | +0.7% |
| Amounts payable after more than one year | 17 | €94,693 | €53,764 | -€40,929 | -43.2% |
| Financial debts | 170/4 | €94,693 | €53,764 | -€40,929 | -43.2% |
| Amounts payable within one year | 42/48 | €202,674 | €245,619 | +€42,945 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €41,744 | €40,929 | -€815 | -2.0% |
| Financial debts | 43 | €100,000 | €90,009 | -€9,991 | -10.0% |
| Credit institutions | 430/8 | €100,000 | €90,009 | -€9,991 | -10.0% |
| Trade debts | 44 | €8,284 | €67,492 | +€59,208 | +715% |
| Suppliers | 440/4 | €8,284 | €67,492 | +€59,208 | +715% |
| Taxes, remuneration and social security | 45 | €11,681 | €12,884 | +€1,204 | +10.3% |
| Taxes | 450/3 | €11,681 | €12,884 | +€1,204 | +10.3% |
| Other amounts payable | 47/48 | €40,966 | €34,305 | -€6,661 | -16.3% |
| Non-recurring operating income | 76A | €12,975 | - | -€12,975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,406 | €22,642 | +€2,236 | +11.0% |
| Other operating charges | 640/8 | €2,106 | €1,039 | -€1,067 | -50.7% |
| Non-recurring operating charges | 66A | €4,709 | - | -€4,709 | |
| Gross operating margin | 9900 | -€9,443 | €37,889 | +€47,331 | |
| Operating profit (loss) | 9901 | -€36,664 | €14,208 | +€50,872 | |
| Financial income | 75/76B | €2 | €1 | -€1 | -55.4% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -55.4% |
| Financial charges | 65/66B | €14,350 | €9,921 | -€4,430 | -30.9% |
| Recurring financial charges | 65 | €14,350 | €9,921 | -€4,430 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | -€51,012 | €4,288 | +€55,300 | |
| Income taxes | 67/77 | €205 | €215 | +€10 | +4.6% |
| Profit (loss) for the period | 9904 | -€51,217 | €4,073 | +€55,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,217 | €4,073 | +€55,290 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.