DC STYLE: 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 STYLE
Largest movements
- Tangible fixed assets +€113,529
up €113,529 (+424%), from €26,776 to €140,305
of which Leasing and similar rights: +€103,719
- Receivables within one year -€6,816
down €6,816 (-8.2%), from €83,449 to €76,633
of which Trade receivables: -€3,873
- Cash +€6,583
up €6,583 (+78.5%), from €8,386 to €14,969
mainly Debts after one year (+€86,560) and Depreciation (+€35,761)
- Deferred charges and accrued income +€3,447
up €3,447 (+13,258%), from €26 to €3,473
- Debts after one year +€86,560
new in 2025: €86,560
- Current portion of long-term debt +€26,465
up €26,465 (+342%), from €7,735 to €34,200
- Other debts -€21,040
down €21,040 (-89.6%), from €23,480 to €2,440
- Reserves +€13,349
up €13,349 (+100%), from €13,286 to €26,635
of which Distributable reserves: +€13,349
- Tax, wage and social debts +€9,361
up €9,361 (+121%), from €7,751 to €17,112
of which Remuneration and social security: +€7,760
- Gross operating margin +€25,458
up €25,458 (+76.5%), from €33,293 to €58,751
- Depreciation +€15,009
up €15,009 (+72.3%), from €20,752 to €35,761
- Financial charges +€1,940
up €1,940 (+142%), from €1,363 to €3,303
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.
Derived cash bridge
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 | €121,287 | €238,030 | +€116,743 | +96.3% |
| Fixed assets | 21/28 | €29,426 | €142,955 | +€113,529 | +386% |
| Tangible fixed assets | 22/27 | €26,776 | €140,305 | +€113,529 | +424% |
| Plant, machinery and equipment | 23 | €1,547 | €4,664 | +€3,117 | +201% |
| Furniture and vehicles | 24 | €1,580 | €8,273 | +€6,693 | +424% |
| Leasing and similar rights | 25 | €23,649 | €127,368 | +€103,719 | +439% |
| Financial fixed assets | 28 | €2,650 | €2,650 | = | 0.0% |
| Current assets | 29/58 | €91,861 | €95,075 | +€3,214 | +3.5% |
| Amounts receivable within one year | 40/41 | €83,449 | €76,633 | -€6,816 | -8.2% |
| Trade receivables | 40 | €79,260 | €75,387 | -€3,873 | -4.9% |
| Other amounts receivable | 41 | €4,189 | €1,246 | -€2,943 | -70.3% |
| Cash at bank and in hand | 54/58 | €8,386 | €14,969 | +€6,583 | +78.5% |
| Deferred charges and accrued income | 490/1 | €26 | €3,473 | +€3,447 | +13,258% |
| Total equity and liabilities | 10/49 | €121,287 | €238,030 | +€116,743 | +96.3% |
| Equity | 10/15 | €72,879 | €86,228 | +€13,349 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,286 | €26,635 | +€13,349 | +100% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €11,426 | €24,775 | +€13,349 | +117% |
| Profit (loss) carried forward | 14 | €40,993 | €40,993 | = | 0.0% |
| Amounts payable | 17/49 | €48,408 | €151,802 | +€103,394 | +214% |
| Amounts payable after more than one year | 17 | - | €86,560 | +€86,560 | |
| Financial debts | 170/4 | - | €86,560 | +€86,560 | |
| Amounts payable within one year | 42/48 | €48,408 | €65,242 | +€16,834 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €7,735 | €34,200 | +€26,465 | +342% |
| Trade debts | 44 | €9,442 | €11,490 | +€2,048 | +21.7% |
| Suppliers | 440/4 | €9,442 | €11,490 | +€2,048 | +21.7% |
| Taxes, remuneration and social security | 45 | €7,751 | €17,112 | +€9,361 | +121% |
| Taxes | 450/3 | €161 | €1,762 | +€1,601 | +994% |
| Remuneration and social security | 454/9 | €7,590 | €15,350 | +€7,760 | +102% |
| Other amounts payable | 47/48 | €23,480 | €2,440 | -€21,040 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,752 | €35,761 | +€15,009 | +72.3% |
| Other operating charges | 640/8 | €2,981 | €2,762 | -€219 | -7.3% |
| Gross operating margin | 9900 | €33,293 | €58,751 | +€25,458 | +76.5% |
| Operating profit (loss) | 9901 | €9,560 | €20,228 | +€10,668 | +112% |
| Financial income | 75/76B | €4 | €3 | -€1 | -25.0% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -25.0% |
| Financial charges | 65/66B | €1,363 | €3,303 | +€1,940 | +142% |
| Recurring financial charges | 65 | €1,363 | €3,303 | +€1,940 | +142% |
| Profit (loss) for the period before taxes | 9903 | €8,201 | €16,928 | +€8,727 | +106% |
| Income taxes | 67/77 | €3,175 | €3,579 | +€404 | +12.7% |
| Profit (loss) for the period | 9904 | €5,026 | €13,349 | +€8,323 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €5,026 | €13,349 | +€8,323 | +166% |
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 15 October 2026 via checked.be.