dCADs: 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.
dCADs
Largest movements
- Cash -€19,699
down €19,699 (-49.3%), from €39,923 to €20,223
mainly Investment in fixed assets (net) (-€18,895) and Other debts (-€8,417)
- Financial fixed assets +€17,420
up €17,420 (+25.9%), from €67,204 to €84,624
- Receivables within one year -€6,025
down €6,025 (-74.6%), from €8,077 to €2,051
of which Trade receivables: -€6,337
- Tangible fixed assets -€5,685
down €5,685 (-5.8%), from €97,555 to €91,870
of which Land and buildings: -€5,265
- Other debts -€8,417
down €8,417 (-91.0%), from €9,250 to €833
- Tax, wage and social debts -€7,350
down €7,350 (-37.0%), from €19,860 to €12,509
of which Taxes: -€7,700
- Debts after one year -€5,115
down €5,115 (-6.4%), from €80,398 to €75,283
- Reserves +€4,829
up €4,829 (+4.9%), from €99,560 to €104,389
- Gross operating margin -€45,147
down €45,147 (-66.4%), from €68,039 to €22,892
- Staff costs -€22,561
no longer reported in 2025 (was €22,561)
- Taxes -€3,924
down €3,924 (-56.9%), from €6,893 to €2,969
- Financial charges -€1,038
down €1,038 (-19.6%), from €5,283 to €4,245
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 | €216,362 | €201,367 | -€14,995 | -6.9% |
| Fixed assets | 21/28 | €168,204 | €179,092 | +€10,888 | +6.5% |
| Intangible fixed assets | 21 | €3,446 | €2,599 | -€847 | -24.6% |
| Tangible fixed assets | 22/27 | €97,555 | €91,870 | -€5,685 | -5.8% |
| Land and buildings | 22 | €94,161 | €88,896 | -€5,265 | -5.6% |
| Plant, machinery and equipment | 23 | €3,394 | €2,974 | -€420 | -12.4% |
| Financial fixed assets | 28 | €67,204 | €84,624 | +€17,420 | +25.9% |
| Current assets | 29/58 | €48,158 | €22,274 | -€25,884 | -53.7% |
| Amounts receivable within one year | 40/41 | €8,077 | €2,051 | -€6,025 | -74.6% |
| Trade receivables | 40 | €8,070 | €1,733 | -€6,337 | -78.5% |
| Other amounts receivable | 41 | €6 | €318 | +€311 | +4,957% |
| Cash at bank and in hand | 54/58 | €39,923 | €20,223 | -€19,699 | -49.3% |
| Deferred charges and accrued income | 490/1 | €159 | - | -€159 | |
| Total equity and liabilities | 10/49 | €216,362 | €201,367 | -€14,995 | -6.9% |
| Equity | 10/15 | €99,610 | €104,439 | +€4,829 | +4.8% |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Reserves | 13 | €99,560 | €104,389 | +€4,829 | +4.9% |
| Distributable reserves | 133 | €99,560 | €104,389 | +€4,829 | +4.9% |
| Amounts payable | 17/49 | €116,752 | €96,928 | -€19,824 | -17.0% |
| Amounts payable after more than one year | 17 | €80,398 | €75,283 | -€5,115 | -6.4% |
| Financial debts | 170/4 | €80,398 | €75,283 | -€5,115 | -6.4% |
| Amounts payable within one year | 42/48 | €35,036 | €21,645 | -€13,391 | -38.2% |
| Current portion of amounts payable after more than one year | 42 | €4,890 | €5,115 | +€225 | +4.6% |
| Trade debts | 44 | €1,037 | €3,188 | +€2,151 | +207% |
| Suppliers | 440/4 | €1,037 | €3,188 | +€2,151 | +207% |
| Taxes, remuneration and social security | 45 | €19,860 | €12,509 | -€7,350 | -37.0% |
| Taxes | 450/3 | €17,860 | €10,159 | -€7,700 | -43.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,350 | +€350 | +17.5% |
| Other amounts payable | 47/48 | €9,250 | €833 | -€8,417 | -91.0% |
| Accrued charges and deferred income | 492/3 | €1,318 | - | -€1,318 | |
| Remuneration, social security and pensions | 62 | €22,561 | - | -€22,561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,366 | €8,007 | -€359 | -4.3% |
| Other operating charges | 640/8 | €1,637 | €2,018 | +€380 | +23.2% |
| Non-recurring operating charges | 66A | €487 | - | -€487 | |
| Gross operating margin | 9900 | €68,039 | €22,892 | -€45,147 | -66.4% |
| Operating profit (loss) | 9901 | €34,988 | €12,868 | -€22,121 | -63.2% |
| Financial income | 75/76B | €7 | €9 | +€1 | +14.2% |
| Recurring financial income | 75 | €7 | €9 | +€1 | +14.2% |
| Financial charges | 65/66B | €5,283 | €4,245 | -€1,038 | -19.6% |
| Recurring financial charges | 65 | €5,283 | €4,245 | -€1,038 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €29,713 | €8,631 | -€21,082 | -71.0% |
| Income taxes | 67/77 | €6,893 | €2,969 | -€3,924 | -56.9% |
| Profit (loss) for the period | 9904 | €22,820 | €5,662 | -€17,158 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,820 | €5,662 | -€17,158 | -75.2% |
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.