DC TRADING: 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 TRADING
Largest movements
- Tangible fixed assets -€108,448
down €108,448 (-7.3%), from €1.5m to €1.4m
of which Land and buildings: -€87,329
- Receivables within one year +€62,380
up €62,380 (+51.3%), from €121,494 to €183,874
of which Trade receivables: +€64,252
- Deferred charges and accrued income +€39,380
new in 2025: €39,380
- Debts after one year -€313,718
down €313,718 (-12.6%), from €2.5m to €2.2m
- Profit (loss) carried forward +€227,580
up €227,580 (+48.3%), from €471,550 to €699,130
- Tax, wage and social debts +€69,813
up €69,813 (+174.6%), from €39,981 to €109,795
of which Taxes: +€39,339
- Trade debts +€42,437
up €42,437 (+108.7%), from €39,046 to €81,482
- Gross operating margin +€200,783
up €200,783 (+32.7%), from €613,994 to €814,777
- Staff costs +€57,130
up €57,130 (+25.4%), from €224,666 to €281,795
- Taxes +€39,962
up €39,962 (+105.5%), from €37,884 to €77,846
- Financial charges -€9,230
down €9,230 (-11.0%), from €83,565 to €74,335
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 | €3,660,133 | €3,678,846 | +€18,713 | +0.5% |
| Fixed assets | 21/28 | €3,533,168 | €3,424,719 | -€108,448 | -3.1% |
| Tangible fixed assets | 22/27 | €1,483,168 | €1,374,719 | -€108,448 | -7.3% |
| Land and buildings | 22 | €1,311,843 | €1,224,514 | -€87,329 | -6.7% |
| Plant, machinery and equipment | 23 | €43,057 | €38,024 | -€5,032 | -11.7% |
| Furniture and vehicles | 24 | €7,782 | €23,063 | +€15,281 | +196.3% |
| Leasing and similar rights | 25 | €120,485 | €89,117 | -€31,368 | -26.0% |
| Financial fixed assets | 28 | €2,050,000 | €2,050,000 | = | 0.0% |
| Current assets | 29/58 | €126,965 | €254,127 | +€127,161 | +100.2% |
| Amounts receivable within one year | 40/41 | €121,494 | €183,874 | +€62,380 | +51.3% |
| Trade receivables | 40 | €108,940 | €173,193 | +€64,252 | +59.0% |
| Other amounts receivable | 41 | €12,554 | €10,681 | -€1,873 | -14.9% |
| Cash at bank and in hand | 54/58 | €5,471 | €30,873 | +€25,402 | +464.3% |
| Deferred charges and accrued income | 490/1 | - | €39,380 | +€39,380 | |
| Total equity and liabilities | 10/49 | €3,660,133 | €3,678,846 | +€18,713 | +0.5% |
| Equity | 10/15 | €768,550 | €996,130 | +€227,580 | +29.6% |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €27,000 | €27,000 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €471,550 | €699,130 | +€227,580 | +48.3% |
| Amounts payable | 17/49 | €2,891,582 | €2,682,716 | -€208,866 | -7.2% |
| Amounts payable after more than one year | 17 | €2,487,877 | €2,174,159 | -€313,718 | -12.6% |
| Financial debts | 170/4 | €2,487,877 | €2,174,159 | -€313,718 | -12.6% |
| Amounts payable within one year | 42/48 | €403,643 | €508,361 | +€104,719 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €228,850 | €227,344 | -€1,506 | -0.7% |
| Trade debts | 44 | €39,046 | €81,482 | +€42,437 | +108.7% |
| Suppliers | 440/4 | €39,046 | €81,482 | +€42,437 | +108.7% |
| Taxes, remuneration and social security | 45 | €39,981 | €109,795 | +€69,813 | +174.6% |
| Taxes | 450/3 | €3,063 | €42,402 | +€39,339 | +1284.3% |
| Remuneration and social security | 454/9 | €36,918 | €67,393 | +€30,475 | +82.5% |
| Other amounts payable | 47/48 | €95,765 | €89,740 | -€6,025 | -6.3% |
| Accrued charges and deferred income | 492/3 | €63 | €196 | +€133 | +212.1% |
| Non-recurring operating income | 76A | €7,000 | €32,000 | +€25,000 | +357.1% |
| Remuneration, social security and pensions | 62 | €224,666 | €281,795 | +€57,130 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,504 | €132,920 | +€6,416 | +5.1% |
| Other operating charges | 640/8 | €19,954 | €20,301 | +€347 | +1.7% |
| Non-recurring operating charges | 66A | €18,357 | €0 | -€18,357 | -100.0% |
| Gross operating margin | 9900 | €613,994 | €814,777 | +€200,783 | +32.7% |
| Operating profit (loss) | 9901 | €224,513 | €379,761 | +€155,247 | +69.1% |
| Financial charges | 65/66B | €83,565 | €74,335 | -€9,230 | -11.0% |
| Recurring financial charges | 65 | €83,565 | €74,335 | -€9,230 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €140,948 | €305,426 | +€164,478 | +116.7% |
| Income taxes | 67/77 | €37,884 | €77,846 | +€39,962 | +105.5% |
| Profit (loss) for the period | 9904 | €103,064 | €227,580 | +€124,515 | +120.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,064 | €227,580 | +€124,515 | +120.8% |
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 5 October 2026 via checked.be.