DC Involved: 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 Involved
Largest movements
- Tangible fixed assets +€194,250
up €194,250 (+68.6%), from €283,177 to €477,427
of which Land and buildings: +€176,090
- Cash -€12,251
down €12,251 (-11.7%), from €104,711 to €92,460
mainly Investment in fixed assets (net) (-€211,495) and Contributions, distributions and other (-€163,200)
- Debts after one year +€116,665
up €116,665 (+50.1%), from €233,000 to €349,665
- Other debts +€112,870
up €112,870 (+215%), from €52,550 to €165,420
- Reserves -€63,238
down €63,238 (-74.5%), from €84,846 to €21,608
- Trade debts +€14,992
up €14,992 (+917%), from €1,636 to €16,628
- Tax, wage and social debts +€7,183
up €7,183 (+117%), from €6,117 to €13,300
- Depreciation -€26,803
down €26,803 (-60.8%), from €44,047 to €17,245
- Gross operating margin +€20,399
up €20,399 (+13.9%), from €146,731 to €167,129
- Taxes +€9,763
up €9,763 (+41.8%), from €23,355 to €33,118
- Financial charges +€9,568
up €9,568 (+228%), from €4,189 to €13,758
- Other operating charges +€1,754
up €1,754 (+126%), from €1,397 to €3,151
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 | €394,149 | €580,010 | +€185,862 | +47.2% |
| Fixed assets | 21/28 | €286,777 | €481,027 | +€194,250 | +67.7% |
| Tangible fixed assets | 22/27 | €283,177 | €477,427 | +€194,250 | +68.6% |
| Land and buildings | 22 | €268,957 | €445,047 | +€176,090 | +65.5% |
| Plant, machinery and equipment | 23 | €6,798 | €16,081 | +€9,283 | +137% |
| Furniture and vehicles | 24 | €2,962 | €12,968 | +€10,005 | +338% |
| Other tangible fixed assets | 26 | €4,461 | €3,332 | -€1,129 | -25.3% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €107,371 | €98,983 | -€8,388 | -7.8% |
| Amounts receivable within one year | 40/41 | €2,660 | €5,989 | +€3,329 | +125% |
| Other amounts receivable | 41 | €2,660 | €5,989 | +€3,329 | +125% |
| Cash at bank and in hand | 54/58 | €104,711 | €92,460 | -€12,251 | -11.7% |
| Deferred charges and accrued income | 490/1 | - | €534 | +€534 | |
| Total equity and liabilities | 10/49 | €394,149 | €580,010 | +€185,862 | +47.2% |
| Equity | 10/15 | €85,846 | €22,608 | -€63,238 | -73.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €84,846 | €21,608 | -€63,238 | -74.5% |
| Distributable reserves | 133 | €84,846 | €21,608 | -€63,238 | -74.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €308,303 | €557,403 | +€249,100 | +80.8% |
| Amounts payable after more than one year | 17 | €233,000 | €349,665 | +€116,665 | +50.1% |
| Financial debts | 170/4 | €233,000 | €349,665 | +€116,665 | +50.1% |
| Amounts payable within one year | 42/48 | €75,303 | €207,677 | +€132,374 | +176% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €12,329 | -€2,671 | -17.8% |
| Trade debts | 44 | €1,636 | €16,628 | +€14,992 | +917% |
| Suppliers | 440/4 | €1,636 | €16,628 | +€14,992 | +917% |
| Taxes, remuneration and social security | 45 | €6,117 | €13,300 | +€7,183 | +117% |
| Taxes | 450/3 | €6,117 | €13,300 | +€7,183 | +117% |
| Other amounts payable | 47/48 | €52,550 | €165,420 | +€112,870 | +215% |
| Accrued charges and deferred income | 492/3 | - | €61 | +€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,047 | €17,245 | -€26,803 | -60.8% |
| Other operating charges | 640/8 | €1,397 | €3,151 | +€1,754 | +126% |
| Gross operating margin | 9900 | €146,731 | €167,129 | +€20,399 | +13.9% |
| Operating profit (loss) | 9901 | €101,286 | €146,734 | +€45,448 | +44.9% |
| Financial income | 75/76B | €23 | €104 | +€81 | +353% |
| Recurring financial income | 75 | €23 | €104 | +€81 | +353% |
| Financial charges | 65/66B | €4,189 | €13,758 | +€9,568 | +228% |
| Recurring financial charges | 65 | €4,189 | €13,758 | +€9,568 | +228% |
| Profit (loss) for the period before taxes | 9903 | €97,120 | €133,080 | +€35,960 | +37.0% |
| Income taxes | 67/77 | €23,355 | €33,118 | +€9,763 | +41.8% |
| Profit (loss) for the period | 9904 | €73,764 | €99,962 | +€26,198 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,764 | €99,962 | +€26,198 | +35.5% |
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 19 October 2026 via checked.be.