DC M&C: 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 M&C
Largest movements
- Current investments -€20,000
down €20,000 (-100.0%), from €20,000 to €0
- Receivables within one year +€19,212
up €19,212 (+133.1%), from €14,439 to €33,651
of which Trade receivables: +€18,692
- Cash +€9,115
up €9,115 (+51.4%), from €17,731 to €26,846
mainly Net result for the year (+€32,733) and Current investments (+€20,000)
- Deferred charges and accrued income -€4,648
down €4,648 (-73.7%), from €6,303 to €1,655
- Reserves -€17,267
down €17,267 (-52.3%), from €33,037 to €15,770
- Debts after one year +€13,508
up €13,508 (+35.6%), from €37,936 to €51,444
- Other debts +€3,554
up €3,554 (+7.7%), from €46,446 to €50,000
- Trade debts +€2,370
up €2,370 (+62.7%), from €3,779 to €6,148
- Current portion of long-term debt +€1,669
up €1,669 (+19.4%), from €8,592 to €10,260
- Gross operating margin +€35,267
up €35,267 (+126.2%), from €27,941 to €63,207
- Taxes +€8,696
up €8,696 (+223.6%), from €3,889 to €12,585
- Depreciation +€2,151
up €2,151 (+21.4%), from €10,048 to €12,198
- Financial charges +€1,298
up €1,298 (+42.8%), from €3,037 to €4,335
- Financial income -€749
down €749 (-56.9%), from €1,317 to €568
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.
Cash bridge derived
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 | €144,894 | €148,863 | +€3,969 | +2.7% |
| Fixed assets | 21/28 | €86,420 | €86,711 | +€291 | +0.3% |
| Tangible fixed assets | 22/27 | €86,420 | €86,711 | +€291 | +0.3% |
| Plant, machinery and equipment | 23 | €10,485 | €11,030 | +€545 | +5.2% |
| Furniture and vehicles | 24 | €75,936 | €75,681 | -€255 | -0.3% |
| Current assets | 29/58 | €58,473 | €62,152 | +€3,679 | +6.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €14,439 | €33,651 | +€19,212 | +133.1% |
| Trade receivables | 40 | €10,000 | €28,692 | +€18,692 | +186.9% |
| Other amounts receivable | 41 | €4,439 | €4,959 | +€520 | +11.7% |
| Current investments | 50/53 | €20,000 | €0 | -€20,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,731 | €26,846 | +€9,115 | +51.4% |
| Deferred charges and accrued income | 490/1 | €6,303 | €1,655 | -€4,648 | -73.7% |
| Total equity and liabilities | 10/49 | €144,894 | €148,863 | +€3,969 | +2.7% |
| Equity | 10/15 | €34,037 | €16,770 | -€17,267 | -50.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €33,037 | €15,770 | -€17,267 | -52.3% |
| Distributable reserves | 133 | €33,037 | €15,770 | -€17,267 | -52.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €110,856 | €132,093 | +€21,236 | +19.2% |
| Amounts payable after more than one year | 17 | €37,936 | €51,444 | +€13,508 | +35.6% |
| Financial debts | 170/4 | €37,936 | €51,444 | +€13,508 | +35.6% |
| Amounts payable within one year | 42/48 | €72,095 | €79,474 | +€7,379 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €8,592 | €10,260 | +€1,669 | +19.4% |
| Trade debts | 44 | €3,779 | €6,148 | +€2,370 | +62.7% |
| Suppliers | 440/4 | €3,779 | €6,148 | +€2,370 | +62.7% |
| Taxes, remuneration and social security | 45 | €13,278 | €13,065 | -€213 | -1.6% |
| Taxes | 450/3 | €13,278 | €13,065 | -€213 | -1.6% |
| Other amounts payable | 47/48 | €46,446 | €50,000 | +€3,554 | +7.7% |
| Accrued charges and deferred income | 492/3 | €826 | €1,174 | +€349 | +42.3% |
| Non-recurring operating income | 76A | - | €581 | +€581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,048 | €12,198 | +€2,151 | +21.4% |
| Other operating charges | 640/8 | €2,039 | €1,923 | -€116 | -5.7% |
| Non-recurring operating charges | 66A | €915 | €0 | -€915 | -100.0% |
| Gross operating margin | 9900 | €27,941 | €63,207 | +€35,267 | +126.2% |
| Operating profit (loss) | 9901 | €14,938 | €49,086 | +€34,147 | +228.6% |
| Financial income | 75/76B | €1,317 | €568 | -€749 | -56.9% |
| Recurring financial income | 75 | €1,317 | €568 | -€749 | -56.9% |
| Financial charges | 65/66B | €3,037 | €4,335 | +€1,298 | +42.8% |
| Recurring financial charges | 65 | €3,037 | €4,335 | +€1,298 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €13,219 | €45,318 | +€32,100 | +242.8% |
| Income taxes | 67/77 | €3,889 | €12,585 | +€8,696 | +223.6% |
| Profit (loss) for the period | 9904 | €9,330 | €32,733 | +€23,403 | +250.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,330 | €32,733 | +€23,403 | +250.8% |
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 10 October 2026 via checked.be.