DCNT: 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.
DCNT
Largest movements
- Current investments +€500,000
up €500,000, from €0 to €500,000
- Cash -€404,972
down €404,972 (-95.6%), from €423,796 to €18,824
mainly Current investments (-€500,000) and Receivables within one year (-€331,538)
- Receivables within one year +€331,538
up €331,538 (+13.9%), from €2.4m to €2.7m
of which Other amounts receivable: +€342,833
- Reserves +€501,437
up €501,437 (+10.9%), from €4.6m to €5.1m
- Trade debts -€134,394
down €134,394 (-34.6%), from €388,472 to €254,078
- Other debts +€133,331
up €133,331 (+21.7%), from €614,075 to €747,406
- Financial income +€220,375
up €220,375 (+85.4%), from €257,953 to €478,328
- Financial charges +€35,849
up €35,849 (+35.7%), from €100,478 to €136,327
- Gross operating margin +€10,841
up €10,841 (+5.7%), from €188,573 to €199,414
- Taxes -€5,105
down €5,105 (-32.6%), from €15,639 to €10,534
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 | €7,617,204 | €8,022,604 | +€405,400 | +5.3% |
| Fixed assets | 21/28 | €4,810,015 | €4,784,087 | -€25,929 | -0.5% |
| Tangible fixed assets | 22/27 | €407,643 | €381,715 | -€25,929 | -6.4% |
| Land and buildings | 22 | €358,370 | €347,813 | -€10,557 | -2.9% |
| Furniture and vehicles | 24 | €49,273 | €33,902 | -€15,372 | -31.2% |
| Financial fixed assets | 28 | €4,402,372 | €4,402,372 | = | 0.0% |
| Current assets | 29/58 | €2,807,189 | €3,238,518 | +€431,329 | +15.4% |
| Amounts receivable within one year | 40/41 | €2,382,507 | €2,714,045 | +€331,538 | +13.9% |
| Trade receivables | 40 | €49,933 | €38,638 | -€11,296 | -22.6% |
| Other amounts receivable | 41 | €2,332,574 | €2,675,407 | +€342,833 | +14.7% |
| Current investments | 50/53 | €0 | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €423,796 | €18,824 | -€404,972 | -95.6% |
| Deferred charges and accrued income | 490/1 | €886 | €5,649 | +€4,763 | +537.7% |
| Total equity and liabilities | 10/49 | €7,617,204 | €8,022,604 | +€405,400 | +5.3% |
| Equity | 10/15 | €4,601,791 | €5,103,228 | +€501,437 | +10.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,581,791 | €5,083,228 | +€501,437 | +10.9% |
| Distributable reserves | 133 | €4,581,791 | €5,083,228 | +€501,437 | +10.9% |
| Provisions and deferred taxes | 16 | €1,974,203 | €1,898,614 | -€75,590 | -3.8% |
| Provisions for liabilities and charges | 160/5 | €1,974,203 | €1,898,614 | -€75,590 | -3.8% |
| Other liabilities and charges | 164/5 | €1,974,203 | €1,898,614 | -€75,590 | -3.8% |
| Amounts payable | 17/49 | €1,041,211 | €1,020,763 | -€20,448 | -2.0% |
| Amounts payable within one year | 42/48 | €1,041,211 | €1,020,763 | -€20,448 | -2.0% |
| Trade debts | 44 | €388,472 | €254,078 | -€134,394 | -34.6% |
| Suppliers | 440/4 | €388,472 | €254,078 | -€134,394 | -34.6% |
| Taxes, remuneration and social security | 45 | €38,663 | €19,280 | -€19,384 | -50.1% |
| Taxes | 450/3 | €38,663 | €19,280 | -€19,384 | -50.1% |
| Other amounts payable | 47/48 | €614,075 | €747,406 | +€133,331 | +21.7% |
| Non-recurring operating income | 76A | €399 | €0 | -€399 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,929 | €25,929 | = | 0.0% |
| Other operating charges | 640/8 | €3,241 | €3,514 | +€273 | +8.4% |
| Gross operating margin | 9900 | €188,573 | €199,414 | +€10,841 | +5.7% |
| Operating profit (loss) | 9901 | €159,403 | €169,971 | +€10,568 | +6.6% |
| Financial income | 75/76B | €257,953 | €478,328 | +€220,375 | +85.4% |
| Recurring financial income | 75 | €257,953 | €478,328 | +€220,375 | +85.4% |
| Financial charges | 65/66B | €100,478 | €136,327 | +€35,849 | +35.7% |
| Recurring financial charges | 65 | €100,478 | €136,327 | +€35,849 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €316,878 | €511,972 | +€195,094 | +61.6% |
| Income taxes | 67/77 | €15,639 | €10,534 | -€5,105 | -32.6% |
| Profit (loss) for the period | 9904 | €301,239 | €501,437 | +€200,199 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €301,239 | €501,437 | +€200,199 | +66.5% |
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 9 October 2026 via checked.be.