DC3: 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.
DC3
Largest movements
- Stocks and contracts -€3.7m
down €3.7m (-44.0%), from €8.4m to €4.7m
- Receivables within one year -€280,042
down €280,042 (-98.1%), from €285,494 to €5,453
of which Trade receivables: -€284,584
- Advances received -€4.6m
down €4.6m (-96.5%), from €4.8m to €165,250
- Short-term financial debts +€1.4m
up €1.4m (+62.8%), from €2.2m to €3.5m
- Debts after one year -€503,616
down €503,616 (-18.1%), from €2.8m to €2.3m
- Trade debts -€253,607
down €253,607 (-62.7%), from €404,633 to €151,026
- Profit (loss) carried forward +€93,039
up €93,039 (+5.3%), from -€1.7m to -€1.6m
- Financial income +€494,460
up €494,460 (+4300.4%), from €11,498 to €505,958
of which Non-recurring financial income: +€503,250
- Gross operating margin -€391,129
down €391,129, from €113,723 to -€277,407
- Financial charges +€6,045
up €6,045 (+4.9%), from €122,511 to €128,557
- Other operating charges +€2,887
up €2,887 (+70.9%), from €4,070 to €6,957
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 | €8,735,394 | €4,794,833 | -€3.9m | -45.1% |
| Fixed assets | 21/28 | €47,837 | - | -€47,837 | |
| Financial fixed assets | 28 | €47,837 | - | -€47,837 | |
| Current assets | 29/58 | €8,687,557 | €4,794,833 | -€3.9m | -44.8% |
| Stocks and contracts in progress | 3 | €8,367,244 | €4,683,465 | -€3.7m | -44.0% |
| Contracts in progress | 37 | €8,367,244 | €4,683,465 | -€3.7m | -44.0% |
| Amounts receivable within one year | 40/41 | €285,494 | €5,453 | -€280,042 | -98.1% |
| Trade receivables | 40 | €284,584 | - | -€284,584 | |
| Other amounts receivable | 41 | €911 | €5,453 | +€4,542 | +498.8% |
| Cash at bank and in hand | 54/58 | €34,818 | €105,916 | +€71,097 | +204.2% |
| Total equity and liabilities | 10/49 | €8,735,394 | €4,794,833 | -€3.9m | -45.1% |
| Equity | 10/15 | -€1,419,161 | -€1,326,122 | +€93,039 | +6.6% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,739,161 | -€1,646,122 | +€93,039 | +5.3% |
| Amounts payable | 17/49 | €10,154,555 | €6,120,955 | -€4.0m | -39.7% |
| Amounts payable after more than one year | 17 | €2,780,838 | €2,277,222 | -€503,616 | -18.1% |
| Financial debts | 170/4 | €2,780,838 | €2,277,222 | -€503,616 | -18.1% |
| Amounts payable within one year | 42/48 | €7,363,190 | €3,831,082 | -€3.5m | -48.0% |
| Financial debts | 43 | €2,150,000 | €3,500,000 | +€1.4m | +62.8% |
| Credit institutions | 430/8 | €2,150,000 | €3,500,000 | +€1.4m | +62.8% |
| Trade debts | 44 | €404,633 | €151,026 | -€253,607 | -62.7% |
| Suppliers | 440/4 | €404,633 | €151,026 | -€253,607 | -62.7% |
| Advances received on contracts in progress | 46 | €4,752,799 | €165,250 | -€4.6m | -96.5% |
| Taxes, remuneration and social security | 45 | €42,666 | €14,806 | -€27,860 | -65.3% |
| Taxes | 450/3 | €42,666 | €14,806 | -€27,860 | -65.3% |
| Other amounts payable | 47/48 | €13,092 | - | -€13,092 | |
| Accrued charges and deferred income | 492/3 | €10,527 | €12,652 | +€2,124 | +20.2% |
| Other operating charges | 640/8 | €4,070 | €6,957 | +€2,887 | +70.9% |
| Non-recurring operating charges | 66A | €11,279 | - | -€11,279 | |
| Gross operating margin | 9900 | €113,723 | -€277,407 | -€391,129 | |
| Operating profit (loss) | 9901 | €98,374 | -€284,363 | -€382,737 | |
| Financial income | 75/76B | €11,498 | €505,958 | +€494,460 | +4300.4% |
| Recurring financial income | 75 | €11,498 | €2,708 | -€8,790 | -76.4% |
| Non-recurring financial income | 76B | - | €503,250 | +€503,250 | |
| Financial charges | 65/66B | €122,511 | €128,557 | +€6,045 | +4.9% |
| Recurring financial charges | 65 | €122,511 | €128,557 | +€6,045 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,640 | €93,039 | +€105,678 | |
| Profit (loss) for the period | 9904 | -€12,640 | €93,039 | +€105,678 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,640 | €93,039 | +€105,678 |
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 6 October 2026 via checked.be.