DC Research and Development: 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 Research and Development
Largest movements
- Receivables within one year +€41,034
up €41,034 (+1,296%), from €3,166 to €44,200
of which Trade receivables: +€20,720
- Tangible fixed assets -€30,008
down €30,008 (-52.2%), from €57,505 to €27,497
of which Furniture and vehicles: -€29,190
- Cash -€3,991
down €3,991 (-11.7%), from €34,008 to €30,017
mainly Receivables within one year (-€41,034) and Debts after one year (-€14,460)
- Debts after one year -€14,460
down €14,460 (-42.4%), from €34,081 to €19,621
- Reserves +€13,032
up €13,032 (+45.6%), from €28,589 to €41,620
of which Tax-exempt reserves: +€13,032
- Tax, wage and social debts +€5,141
up €5,141 (+41.0%), from €12,539 to €17,679
- Other debts -€4,365
down €4,365 (-100%), from €4,365 to €0
- Provisions +€3,258
new in 2024: €3,258
- Gross operating margin +€26,244
up €26,244 (+99.9%), from €26,275 to €52,519
- Taxes +€11,041
up €11,041 (+1,056%), from €1,046 to €12,087
- Other operating charges +€3,964
up €3,964 (+581%), from €682 to €4,647
- Financial charges +€1,299
up €1,299 (+118%), from €1,099 to €2,399
- Depreciation +€751
up €751 (+5.1%), from €14,642 to €15,393
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,771 | €103,259 | +€7,489 | +7.8% |
| Fixed assets | 21/28 | €57,591 | €27,583 | -€30,008 | -52.1% |
| Tangible fixed assets | 22/27 | €57,505 | €27,497 | -€30,008 | -52.2% |
| Furniture and vehicles | 24 | €50,175 | €20,985 | -€29,190 | -58.2% |
| Other tangible fixed assets | 26 | €7,330 | €6,512 | -€818 | -11.2% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €38,179 | €75,676 | +€37,496 | +98.2% |
| Amounts receivable within one year | 40/41 | €3,166 | €44,200 | +€41,034 | +1,296% |
| Trade receivables | 40 | €1,304 | €22,024 | +€20,720 | +1,589% |
| Other amounts receivable | 41 | €1,862 | €22,176 | +€20,314 | +1,091% |
| Cash at bank and in hand | 54/58 | €34,008 | €30,017 | -€3,991 | -11.7% |
| Deferred charges and accrued income | 490/1 | €1,006 | €1,459 | +€453 | +45.1% |
| Total equity and liabilities | 10/49 | €95,771 | €103,259 | +€7,489 | +7.8% |
| Equity | 10/15 | €24,263 | €39,080 | +€14,817 | +61.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,589 | €41,620 | +€13,032 | +45.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,485 | €14,516 | +€13,032 | +878% |
| Distributable reserves | 133 | €25,244 | €25,244 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,526 | -€8,741 | +€1,785 | +17.0% |
| Provisions and deferred taxes | 16 | - | €3,258 | +€3,258 | |
| Deferred taxes | 168 | - | €3,258 | +€3,258 | |
| Amounts payable | 17/49 | €71,508 | €60,922 | -€10,586 | -14.8% |
| Amounts payable after more than one year | 17 | €34,081 | €19,621 | -€14,460 | -42.4% |
| Financial debts | 170/4 | €34,081 | €19,621 | -€14,460 | -42.4% |
| Amounts payable within one year | 42/48 | €37,426 | €41,300 | +€3,874 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €13,864 | €14,460 | +€597 | +4.3% |
| Trade debts | 44 | €6,659 | €9,161 | +€2,502 | +37.6% |
| Suppliers | 440/4 | €6,659 | €9,161 | +€2,502 | +37.6% |
| Taxes, remuneration and social security | 45 | €12,539 | €17,679 | +€5,141 | +41.0% |
| Taxes | 450/3 | €12,539 | €17,679 | +€5,141 | +41.0% |
| Other amounts payable | 47/48 | €4,365 | €0 | -€4,365 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,642 | €15,393 | +€751 | +5.1% |
| Other operating charges | 640/8 | €682 | €4,647 | +€3,964 | +581% |
| Gross operating margin | 9900 | €26,275 | €52,519 | +€26,244 | +99.9% |
| Operating profit (loss) | 9901 | €10,951 | €32,480 | +€21,529 | +197% |
| Financial income | 75/76B | €631 | €80 | -€551 | -87.3% |
| Recurring financial income | 75 | €631 | €80 | -€551 | -87.3% |
| Financial charges | 65/66B | €1,099 | €2,399 | +€1,299 | +118% |
| Recurring financial charges | 65 | €1,099 | €2,399 | +€1,299 | +118% |
| Profit (loss) for the period before taxes | 9903 | €10,483 | €30,161 | +€19,679 | +188% |
| Transfer to deferred taxes | 680 | - | €3,258 | +€3,258 | |
| Income taxes | 67/77 | €1,046 | €12,087 | +€11,041 | +1,056% |
| Profit (loss) for the period | 9904 | €9,437 | €14,817 | +€5,380 | +57.0% |
| Transfer to tax-exempt reserves | 689 | - | €13,032 | +€13,032 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,437 | €1,785 | -€7,652 | -81.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.