dC Vaart: 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 Vaart
Largest movements
- Cash -€117,498
down €117,498 (-89.7%), from €130,965 to €13,468
mainly Other debts (-€410,350) and Investment in fixed assets (net) (-€11,526)
- Tangible fixed assets +€10,751
new in 2025: €10,751
- Deferred charges and accrued income +€4,147
new in 2025: €4,147
- Stocks and contracts -€2,280
down €2,280 (-100.0%), from €2,280 to €0
- Receivables within one year +€1,478
new in 2025: €1,478
of which Other amounts receivable: +€1,218
- Other debts -€410,350
down €410,350 (-75.4%), from €544,254 to €133,904
- Contributions +€300,000
up €300,000 (+4838.7%), from €6,200 to €306,200
- Profit (loss) carried forward +€6,874
up €6,874 (+1.6%), from -€418,791 to -€411,916
- Gross operating margin +€14,688
up €14,688, from -€6,316 to €8,372
- Depreciation +€775
up €775, from €0 to €775
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 | €133,245 | €29,844 | -€103,401 | -77.6% |
| Fixed assets | 21/28 | - | €10,751 | +€10,751 | |
| Tangible fixed assets | 22/27 | - | €10,751 | +€10,751 | |
| Other tangible fixed assets | 26 | - | €10,751 | +€10,751 | |
| Current assets | 29/58 | €133,245 | €19,093 | -€114,152 | -85.7% |
| Stocks and contracts in progress | 3 | €2,280 | €0 | -€2,280 | -100.0% |
| Stocks | 30/36 | €2,280 | €0 | -€2,280 | -100.0% |
| Amounts receivable within one year | 40/41 | - | €1,478 | +€1,478 | |
| Trade receivables | 40 | - | €260 | +€260 | |
| Other amounts receivable | 41 | - | €1,218 | +€1,218 | |
| Cash at bank and in hand | 54/58 | €130,965 | €13,468 | -€117,498 | -89.7% |
| Deferred charges and accrued income | 490/1 | - | €4,147 | +€4,147 | |
| Total equity and liabilities | 10/49 | €133,245 | €29,844 | -€103,401 | -77.6% |
| Equity | 10/15 | -€412,591 | -€105,716 | +€306,874 | +74.4% |
| Contributions | 10/11 | €6,200 | €306,200 | +€300,000 | +4838.7% |
| Profit (loss) carried forward | 14 | -€418,791 | -€411,916 | +€6,874 | +1.6% |
| Amounts payable | 17/49 | €545,836 | €135,560 | -€410,276 | -75.2% |
| Amounts payable within one year | 42/48 | €545,784 | €135,216 | -€410,568 | -75.2% |
| Trade debts | 44 | €1,530 | €827 | -€703 | -45.9% |
| Suppliers | 440/4 | €1,530 | €827 | -€703 | -45.9% |
| Taxes, remuneration and social security | 45 | - | €485 | +€485 | |
| Taxes | 450/3 | - | €485 | +€485 | |
| Other amounts payable | 47/48 | €544,254 | €133,904 | -€410,350 | -75.4% |
| Accrued charges and deferred income | 492/3 | €51 | €344 | +€293 | +569.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €775 | +€775 | |
| Other operating charges | 640/8 | €513 | €462 | -€51 | -10.0% |
| Gross operating margin | 9900 | -€6,316 | €8,372 | +€14,688 | |
| Operating profit (loss) | 9901 | -€6,829 | €7,135 | +€13,964 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €242 | €261 | +€20 | +8.1% |
| Recurring financial charges | 65 | €242 | €261 | +€20 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,071 | €6,874 | +€13,945 | |
| Profit (loss) for the period | 9904 | -€7,071 | €6,874 | +€13,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,071 | €6,874 | +€13,945 |
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.