DC Systems: 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 Systems
Largest movements
- Cash +€127,137
up €127,137 (+44.1%), from €288,403 to €415,540
mainly Investment in fixed assets (net) (+€88,639) and Net result for the year (+€66,382)
- Tangible fixed assets -€124,022
down €124,022 (-55.4%), from €223,985 to €99,963
of which Leasing and similar rights: -€106,940
- Stocks and contracts -€37,420
down €37,420 (-48.0%), from €77,932 to €40,512
of which Contracts in progress: -€37,164
- Receivables within one year -€32,025
down €32,025 (-19.7%), from €162,306 to €130,280
of which Trade receivables: -€31,823
- Debts after one year -€48,659
down €48,659 (-97.8%), from €49,745 to €1,086
of which Financial debts: -€49,265
- Reserves +€48,257
up €48,257 (+8.4%), from €572,070 to €620,327
- Current portion of long-term debt -€31,181
down €31,181 (-74.8%), from €41,668 to €10,487
- Trade debts -€20,891
down €20,891 (-46.1%), from €45,273 to €24,382
- Tax, wage and social debts -€12,004
down €12,004 (-34.1%), from €35,186 to €23,182
of which Taxes: -€8,684
- Gross operating margin -€39,912
down €39,912 (-6.1%), from €652,866 to €612,953
- Staff costs +€38,715
up €38,715 (+9.5%), from €407,090 to €445,805
- Taxes -€31,060
down €31,060 (-51.5%), from €60,334 to €29,274
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 | €755,322 | €689,488 | -€65,834 | -8.7% |
| Fixed assets | 21/28 | €224,449 | €100,149 | -€124,300 | -55.4% |
| Intangible fixed assets | 21 | €464 | €186 | -€278 | -59.9% |
| Tangible fixed assets | 22/27 | €223,985 | €99,963 | -€124,022 | -55.4% |
| Plant, machinery and equipment | 23 | €9,768 | €8,797 | -€970 | -9.9% |
| Furniture and vehicles | 24 | €89,133 | €75,127 | -€14,006 | -15.7% |
| Leasing and similar rights | 25 | €117,301 | €10,361 | -€106,940 | -91.2% |
| Other tangible fixed assets | 26 | €7,784 | €5,679 | -€2,105 | -27.0% |
| Current assets | 29/58 | €530,874 | €589,339 | +€58,465 | +11.0% |
| Stocks and contracts in progress | 3 | €77,932 | €40,512 | -€37,420 | -48.0% |
| Stocks | 30/36 | €20,750 | €20,493 | -€257 | -1.2% |
| Contracts in progress | 37 | €57,182 | €20,018 | -€37,164 | -65.0% |
| Amounts receivable within one year | 40/41 | €162,306 | €130,280 | -€32,025 | -19.7% |
| Trade receivables | 40 | €138,534 | €106,712 | -€31,823 | -23.0% |
| Other amounts receivable | 41 | €23,771 | €23,569 | -€203 | -0.9% |
| Cash at bank and in hand | 54/58 | €288,403 | €415,540 | +€127,137 | +44.1% |
| Deferred charges and accrued income | 490/1 | €2,233 | €3,006 | +€774 | +34.7% |
| Total equity and liabilities | 10/49 | €755,322 | €689,488 | -€65,834 | -8.7% |
| Equity | 10/15 | €582,070 | €630,327 | +€48,257 | +8.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €572,070 | €620,327 | +€48,257 | +8.4% |
| Distributable reserves | 133 | €572,070 | €620,327 | +€48,257 | +8.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €173,252 | €59,161 | -€114,092 | -65.9% |
| Amounts payable after more than one year | 17 | €49,745 | €1,086 | -€48,659 | -97.8% |
| Financial debts | 170/4 | €49,265 | €0 | -€49,265 | -100.0% |
| Other amounts payable | 178/9 | €480 | €1,086 | +€606 | +126.2% |
| Amounts payable within one year | 42/48 | €122,428 | €58,075 | -€64,352 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €41,668 | €10,487 | -€31,181 | -74.8% |
| Trade debts | 44 | €45,273 | €24,382 | -€20,891 | -46.1% |
| Suppliers | 440/4 | €45,273 | €24,382 | -€20,891 | -46.1% |
| Taxes, remuneration and social security | 45 | €35,186 | €23,182 | -€12,004 | -34.1% |
| Taxes | 450/3 | €15,594 | €6,910 | -€8,684 | -55.7% |
| Remuneration and social security | 454/9 | €19,592 | €16,272 | -€3,320 | -16.9% |
| Other amounts payable | 47/48 | €301 | €25 | -€276 | -91.6% |
| Accrued charges and deferred income | 492/3 | €1,080 | €0 | -€1,080 | -100.0% |
| Non-recurring operating income | 76A | €30,147 | €0 | -€30,147 | -100.0% |
| Remuneration, social security and pensions | 62 | €407,090 | €445,805 | +€38,715 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,825 | €35,660 | -€6,164 | -14.7% |
| Other operating charges | 640/8 | €2,980 | €3,775 | +€795 | +26.7% |
| Non-recurring operating charges | 66A | - | €28,240 | +€28,240 | |
| Gross operating margin | 9900 | €652,866 | €612,953 | -€39,912 | -6.1% |
| Operating profit (loss) | 9901 | €200,972 | €99,473 | -€101,499 | -50.5% |
| Financial income | 75/76B | €648 | €201 | -€447 | -69.0% |
| Recurring financial income | 75 | €648 | €201 | -€447 | -69.0% |
| Financial charges | 65/66B | €3,583 | €4,017 | +€434 | +12.1% |
| Recurring financial charges | 65 | €3,583 | €4,017 | +€434 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €198,037 | €95,657 | -€102,380 | -51.7% |
| Income taxes | 67/77 | €60,334 | €29,274 | -€31,060 | -51.5% |
| Profit (loss) for the period | 9904 | €137,702 | €66,382 | -€71,320 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137,702 | €66,382 | -€71,320 | -51.8% |
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.