DCconnect: 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.
DCconnect
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Financial fixed assets -€240,000
down €240,000 (-99.9%), from €240,340 to €340
- Cash +€72,165
up €72,165 (+438.2%), from €16,469 to €88,634
mainly Investment in fixed assets (net) (+€238,346) and Net result for the year (+€233,021)
- Receivables within one year -€54,565
down €54,565 (-83.0%), from €65,733 to €11,168
of which Trade receivables: -€64,451
- Tangible fixed assets -€14,038
down €14,038 (-20.7%), from €67,863 to €53,825
of which Furniture and vehicles: -€10,753
- Reserves +€233,021
up €233,021 (+128.2%), from €181,800 to €414,821
- Other debts -€114,018
no longer reported in 2025 (was €114,018)
- Current portion of long-term debt -€37,014
no longer reported in 2025 (was €37,014)
- Tax, wage and social debts -€12,015
down €12,015 (-37.3%), from €32,234 to €20,219
- Debts after one year -€9,346
no longer reported in 2025 (was €9,346)
- Financial income +€179,962
up €179,962 (+358.5%), from €50,201 to €230,162
- Gross operating margin -€53,125
down €53,125 (-50.1%), from €106,091 to €52,966
- Taxes +€3,755
up €3,755 (+12.7%), from €29,513 to €33,268
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 | €397,339 | €460,972 | +€63,633 | +16.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €308,203 | €54,165 | -€254,038 | -82.4% |
| Tangible fixed assets | 22/27 | €67,863 | €53,825 | -€14,038 | -20.7% |
| Land and buildings | 22 | €18,664 | €15,909 | -€2,755 | -14.8% |
| Plant, machinery and equipment | 23 | €1,919 | €1,389 | -€530 | -27.6% |
| Furniture and vehicles | 24 | €47,280 | €36,528 | -€10,753 | -22.7% |
| Financial fixed assets | 28 | €240,340 | €340 | -€240,000 | -99.9% |
| Current assets | 29/58 | €89,136 | €406,807 | +€317,671 | +356.4% |
| Amounts receivable within one year | 40/41 | €65,733 | €11,168 | -€54,565 | -83.0% |
| Trade receivables | 40 | €65,733 | €1,283 | -€64,451 | -98.0% |
| Other amounts receivable | 41 | - | €9,886 | +€9,886 | |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €16,469 | €88,634 | +€72,165 | +438.2% |
| Deferred charges and accrued income | 490/1 | €6,934 | €7,004 | +€71 | +1.0% |
| Total equity and liabilities | 10/49 | €397,339 | €460,972 | +€63,633 | +16.0% |
| Equity | 10/15 | €200,400 | €433,421 | +€233,021 | +116.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,800 | €414,821 | +€233,021 | +128.2% |
| Distributable reserves | 133 | €181,800 | €414,821 | +€233,021 | +128.2% |
| Amounts payable | 17/49 | €196,939 | €27,551 | -€169,388 | -86.0% |
| Amounts payable after more than one year | 17 | €9,346 | - | -€9,346 | |
| Financial debts | 170/4 | €9,346 | - | -€9,346 | |
| Amounts payable within one year | 42/48 | €186,670 | €26,928 | -€159,742 | -85.6% |
| Current portion of amounts payable after more than one year | 42 | €37,014 | - | -€37,014 | |
| Trade debts | 44 | €3,405 | €6,709 | +€3,304 | +97.0% |
| Suppliers | 440/4 | €3,405 | €6,709 | +€3,304 | +97.0% |
| Taxes, remuneration and social security | 45 | €32,234 | €20,219 | -€12,015 | -37.3% |
| Taxes | 450/3 | €32,234 | €20,219 | -€12,015 | -37.3% |
| Other amounts payable | 47/48 | €114,018 | - | -€114,018 | |
| Accrued charges and deferred income | 492/3 | €923 | €623 | -€299 | -32.4% |
| Non-recurring operating income | 76A | - | €2,178 | +€2,178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,397 | €15,692 | +€295 | +1.9% |
| Other operating charges | 640/8 | €462 | €400 | -€63 | -13.5% |
| Non-recurring operating charges | 66A | - | €67 | +€67 | |
| Gross operating margin | 9900 | €106,091 | €52,966 | -€53,125 | -50.1% |
| Operating profit (loss) | 9901 | €90,232 | €36,808 | -€53,424 | -59.2% |
| Financial income | 75/76B | €50,201 | €230,162 | +€179,962 | +358.5% |
| Recurring financial income | 75 | €50,201 | €230,162 | +€179,962 | +358.5% |
| Financial charges | 65/66B | €1,685 | €681 | -€1,004 | -59.6% |
| Recurring financial charges | 65 | €1,685 | €681 | -€1,004 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €138,748 | €266,289 | +€127,542 | +91.9% |
| Income taxes | 67/77 | €29,513 | €33,268 | +€3,755 | +12.7% |
| Profit (loss) for the period | 9904 | €109,234 | €233,021 | +€123,787 | +113.3% |
| Profit (loss) for the period to be appropriated | 9905 | €109,234 | €233,021 | +€123,787 | +113.3% |
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 11 October 2026 via checked.be.