dC Management: what changed
Two fiscal 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 Management
Largest movements
- Receivables within one year +€65,587
up €65,587 (+33.6%), from €195,464 to €261,051
of which Other amounts receivable: +€62,491
- Cash -€20,261
down €20,261 (-77.3%), from €26,198 to €5,937
mainly Receivables within one year (-€65,587) and Debts after one year (-€46,086)
- Stocks and contracts -€15,079
down €15,079 (-58.2%), from €25,931 to €10,852
- Financial fixed assets +€7,178
up €7,178 (+1.9%), from €375,790 to €382,968
- Current portion of long-term debt +€49,791
up €49,791 (+200.5%), from €24,838 to €74,629
- Debts after one year -€46,086
down €46,086 (-24.8%), from €185,827 to €139,741
- Reserves +€38,246
up €38,246 (+10.8%), from €354,233 to €392,479
- Tax, wage and social debts -€11,994
down €11,994 (-16.8%), from €71,199 to €59,205
- Gross operating margin -€7,558
down €7,558 (-8.3%), from €91,430 to €83,872
- Taxes -€5,538
down €5,538 (-19.5%), from €28,354 to €22,816
- Financial charges +€3,403
up €3,403 (+26.5%), from €12,831 to €16,235
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 | €652,290 | €687,766 | +€35,476 | +5.4% |
| Fixed assets | 21/28 | €402,189 | €404,202 | +€2,014 | +0.5% |
| Tangible fixed assets | 22/27 | €26,399 | €21,234 | -€5,165 | -19.6% |
| Plant, machinery and equipment | 23 | €1,292 | €852 | -€440 | -34.0% |
| Furniture and vehicles | 24 | €25,107 | €20,382 | -€4,725 | -18.8% |
| Financial fixed assets | 28 | €375,790 | €382,968 | +€7,178 | +1.9% |
| Current assets | 29/58 | €250,102 | €283,564 | +€33,462 | +13.4% |
| Stocks and contracts in progress | 3 | €25,931 | €10,852 | -€15,079 | -58.2% |
| Stocks | 30/36 | €25,931 | €10,852 | -€15,079 | -58.2% |
| Amounts receivable within one year | 40/41 | €195,464 | €261,051 | +€65,587 | +33.6% |
| Trade receivables | 40 | €16,983 | €20,079 | +€3,096 | +18.2% |
| Other amounts receivable | 41 | €178,481 | €240,972 | +€62,491 | +35.0% |
| Cash at bank and in hand | 54/58 | €26,198 | €5,937 | -€20,261 | -77.3% |
| Deferred charges and accrued income | 490/1 | €2,508 | €5,724 | +€3,216 | +128.2% |
| Total equity and liabilities | 10/49 | €652,290 | €687,766 | +€35,476 | +5.4% |
| Equity | 10/15 | €360,433 | €398,679 | +€38,246 | +10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €354,233 | €392,479 | +€38,246 | +10.8% |
| Distributable reserves | 133 | €354,233 | €392,479 | +€38,246 | +10.8% |
| Amounts payable | 17/49 | €291,857 | €289,087 | -€2,771 | -0.9% |
| Amounts payable after more than one year | 17 | €185,827 | €139,741 | -€46,086 | -24.8% |
| Financial debts | 170/4 | €185,827 | €139,741 | -€46,086 | -24.8% |
| Amounts payable within one year | 42/48 | €106,031 | €149,346 | +€43,316 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €24,838 | €74,629 | +€49,791 | +200.5% |
| Financial debts | 43 | €4 | €0 | -€4 | -100.0% |
| Credit institutions | 430/8 | €4 | €0 | -€4 | -100.0% |
| Trade debts | 44 | €9,990 | €15,512 | +€5,523 | +55.3% |
| Suppliers | 440/4 | €9,990 | €15,512 | +€5,523 | +55.3% |
| Taxes, remuneration and social security | 45 | €71,199 | €59,205 | -€11,994 | -16.8% |
| Taxes | 450/3 | €71,199 | €59,205 | -€11,994 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,339 | €5,165 | +€826 | +19.0% |
| Other operating charges | 640/8 | €854 | €1,568 | +€714 | +83.6% |
| Gross operating margin | 9900 | €91,430 | €83,872 | -€7,558 | -8.3% |
| Operating profit (loss) | 9901 | €86,238 | €77,139 | -€9,098 | -10.6% |
| Financial income | 75/76B | €0 | €158 | +€157 | +157400.0% |
| Recurring financial income | 75 | €0 | €158 | +€157 | +157400.0% |
| Financial charges | 65/66B | €12,831 | €16,235 | +€3,403 | +26.5% |
| Recurring financial charges | 65 | €12,831 | €16,235 | +€3,403 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €73,407 | €61,062 | -€12,344 | -16.8% |
| Income taxes | 67/77 | €28,354 | €22,816 | -€5,538 | -19.5% |
| Profit (loss) for the period | 9904 | €45,053 | €38,246 | -€6,806 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,053 | €38,246 | -€6,806 | -15.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.