DC-Q: 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-Q
Largest movements
- Current investments +€154,538
up €154,538 (+41.0%), from €377,344 to €531,883
- Cash -€131,809
down €131,809 (-53.2%), from €247,877 to €116,069
mainly Current investments (-€154,538) and Contributions, distributions and other (-€71,380)
- Receivables after one year -€31,118
down €31,118 (-100.0%), from €31,118 to €0
- Receivables within one year +€26,966
up €26,966 (+93.0%), from €29,002 to €55,968
of which Trade receivables: +€21,130
- Reserves +€33,315
up €33,315 (+5.3%), from €629,433 to €662,748
- Tax, wage and social debts -€22,885
down €22,885 (-52.3%), from €43,768 to €20,882
- Gross operating margin -€23,144
down €23,144 (-13.7%), from €168,905 to €145,760
- Taxes -€5,541
down €5,541 (-10.3%), from €53,814 to €48,274
- Financial income +€2,876
up €2,876 (+25.3%), from €11,380 to €14,256
- Financial charges +€1,995
up €1,995 (+377.3%), from €529 to €2,523
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 | €695,749 | €714,455 | +€18,706 | +2.7% |
| Fixed assets | 21/28 | €9,400 | €9,882 | +€481 | +5.1% |
| Tangible fixed assets | 22/27 | €9,400 | €9,882 | +€481 | +5.1% |
| Plant, machinery and equipment | 23 | €0 | €4,975 | +€4,975 | |
| Furniture and vehicles | 24 | €7,009 | €4,144 | -€2,864 | -40.9% |
| Other tangible fixed assets | 26 | €2,392 | €763 | -€1,629 | -68.1% |
| Current assets | 29/58 | €686,349 | €704,573 | +€18,224 | +2.7% |
| Amounts receivable after more than one year | 29 | €31,118 | €0 | -€31,118 | -100.0% |
| Other amounts receivable | 291 | €31,118 | €0 | -€31,118 | -100.0% |
| Amounts receivable within one year | 40/41 | €29,002 | €55,968 | +€26,966 | +93.0% |
| Trade receivables | 40 | €28,988 | €50,118 | +€21,130 | +72.9% |
| Other amounts receivable | 41 | €14 | €5,849 | +€5,836 | +43196.4% |
| Current investments | 50/53 | €377,344 | €531,883 | +€154,538 | +41.0% |
| Cash at bank and in hand | 54/58 | €247,877 | €116,069 | -€131,809 | -53.2% |
| Deferred charges and accrued income | 490/1 | €1,008 | €654 | -€353 | -35.1% |
| Total equity and liabilities | 10/49 | €695,749 | €714,455 | +€18,706 | +2.7% |
| Equity | 10/15 | €649,893 | €681,348 | +€31,455 | +4.8% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €629,433 | €662,748 | +€33,315 | +5.3% |
| Distributable reserves | 133 | €629,433 | €662,748 | +€33,315 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,857 | €33,107 | -€12,750 | -27.8% |
| Amounts payable within one year | 42/48 | €45,857 | €33,107 | -€12,750 | -27.8% |
| Trade debts | 44 | €1,622 | €4,644 | +€3,021 | +186.2% |
| Suppliers | 440/4 | €1,622 | €4,644 | +€3,021 | +186.2% |
| Taxes, remuneration and social security | 45 | €43,768 | €20,882 | -€22,885 | -52.3% |
| Taxes | 450/3 | €43,768 | €20,882 | -€22,885 | -52.3% |
| Other amounts payable | 47/48 | €466 | €7,581 | +€7,115 | +1525.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,621 | €5,644 | +€23 | +0.4% |
| Other operating charges | 640/8 | €298 | €740 | +€442 | +148.2% |
| Gross operating margin | 9900 | €168,905 | €145,760 | -€23,144 | -13.7% |
| Operating profit (loss) | 9901 | €162,985 | €139,376 | -€23,609 | -14.5% |
| Financial income | 75/76B | €11,380 | €14,256 | +€2,876 | +25.3% |
| Recurring financial income | 75 | €11,380 | €14,256 | +€2,876 | +25.3% |
| Financial charges | 65/66B | €529 | €2,523 | +€1,995 | +377.3% |
| Recurring financial charges | 65 | €529 | €2,523 | +€1,995 | +377.3% |
| Profit (loss) for the period before taxes | 9903 | €173,837 | €151,108 | -€22,728 | -13.1% |
| Income taxes | 67/77 | €53,814 | €48,274 | -€5,541 | -10.3% |
| Profit (loss) for the period | 9904 | €120,022 | €102,835 | -€17,187 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €120,022 | €102,835 | -€17,187 | -14.3% |
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 3 October 2026 via checked.be.