DC Reflex: 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 Reflex
Largest movements
- Cash +€80,096
up €80,096 (+159.5%), from €50,204 to €130,300
mainly Net result for the year (+€43,958) and Depreciation (+€19,139)
- Tangible fixed assets -€19,139
down €19,139 (-64.6%), from €29,632 to €10,493
of which Furniture and vehicles: -€19,047
- Receivables within one year -€13,451
down €13,451 (-97.1%), from €13,854 to €403
of which Trade receivables: -€13,447
- Deferred charges and accrued income +€2,182
up €2,182 (+7.6%), from €28,883 to €31,065
- Reserves +€35,930
up €35,930 (+514.6%), from €6,982 to €42,912
of which Distributable reserves: +€35,930
- Tax, wage and social debts +€14,955
up €14,955 (+261.8%), from €5,713 to €20,667
- Gross operating margin +€31,721
up €31,721 (+68.6%), from €46,245 to €77,966
- Taxes +€11,200
up €11,200 (+543.9%), from €2,059 to €13,259
- Financial charges -€7,501
down €7,501 (-89.0%), from €8,429 to €928
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 | €122,573 | €172,260 | +€49,688 | +40.5% |
| Fixed assets | 21/28 | €29,632 | €10,493 | -€19,139 | -64.6% |
| Tangible fixed assets | 22/27 | €29,632 | €10,493 | -€19,139 | -64.6% |
| Plant, machinery and equipment | 23 | €92 | €0 | -€92 | -100.0% |
| Furniture and vehicles | 24 | €29,540 | €10,493 | -€19,047 | -64.5% |
| Current assets | 29/58 | €92,941 | €161,768 | +€68,827 | +74.1% |
| Amounts receivable within one year | 40/41 | €13,854 | €403 | -€13,451 | -97.1% |
| Trade receivables | 40 | €13,698 | €251 | -€13,447 | -98.2% |
| Other amounts receivable | 41 | €156 | €152 | -€4 | -2.5% |
| Cash at bank and in hand | 54/58 | €50,204 | €130,300 | +€80,096 | +159.5% |
| Deferred charges and accrued income | 490/1 | €28,883 | €31,065 | +€2,182 | +7.6% |
| Total equity and liabilities | 10/49 | €122,573 | €172,260 | +€49,688 | +40.5% |
| Equity | 10/15 | -€4,974 | €30,956 | +€35,930 | |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €6,982 | €42,912 | +€35,930 | +514.6% |
| Tax-exempt reserves | 132 | €3,883 | €3,883 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €39,029 | +€35,930 | +1159.5% |
| Profit (loss) carried forward | 14 | -€42,942 | -€42,942 | = | 0.0% |
| Amounts payable | 17/49 | €127,546 | €141,304 | +€13,758 | +10.8% |
| Amounts payable within one year | 42/48 | €117,212 | €130,954 | +€13,743 | +11.7% |
| Trade debts | 44 | €3,398 | €1,955 | -€1,444 | -42.5% |
| Suppliers | 440/4 | €3,398 | €1,955 | -€1,444 | -42.5% |
| Taxes, remuneration and social security | 45 | €5,713 | €20,667 | +€14,955 | +261.8% |
| Taxes | 450/3 | €5,713 | €20,667 | +€14,955 | +261.8% |
| Other amounts payable | 47/48 | €108,101 | €108,333 | +€231 | +0.2% |
| Accrued charges and deferred income | 492/3 | €10,335 | €10,350 | +€15 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,855 | €19,139 | -€716 | -3.6% |
| Other operating charges | 640/8 | €389 | €701 | +€312 | +80.1% |
| Gross operating margin | 9900 | €46,245 | €77,966 | +€31,721 | +68.6% |
| Operating profit (loss) | 9901 | €26,000 | €58,125 | +€32,125 | +123.6% |
| Financial income | 75/76B | €23 | €20 | -€3 | -12.1% |
| Recurring financial income | 75 | €23 | €20 | -€3 | -12.1% |
| Financial charges | 65/66B | €8,429 | €928 | -€7,501 | -89.0% |
| Recurring financial charges | 65 | €8,429 | €928 | -€7,501 | -89.0% |
| Profit (loss) for the period before taxes | 9903 | €17,594 | €57,217 | +€39,623 | +225.2% |
| Income taxes | 67/77 | €2,059 | €13,259 | +€11,200 | +543.9% |
| Profit (loss) for the period | 9904 | €15,535 | €43,958 | +€28,423 | +183.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,535 | €43,958 | +€28,423 | +183.0% |
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 12 October 2026 via checked.be.