DCO GROUP: 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.
DCO GROUP
Largest movements
- Cash +€256,232
up €256,232 (+32.8%), from €781,482 to €1.0m
mainly Net result for the year (+€192,433) and Trade debts (+€90,058)
- Receivables within one year +€38,821
up €38,821 (+20.2%), from €192,458 to €231,279
of which Other amounts receivable: +€21,250
- Tangible fixed assets -€16,819
down €16,819 (-16.9%), from €99,463 to €82,644
of which Furniture and vehicles: -€19,160
- Reserves +€192,433
up €192,433 (+23.0%), from €838,382 to €1.0m
- Trade debts +€90,058
up €90,058 (+105%), from €86,029 to €176,086
- Debts after one year -€20,837
down €20,837 (-29.0%), from €71,804 to €50,967
- Tax, wage and social debts +€18,252
up €18,252 (+685%), from €2,665 to €20,917
of which Taxes: +€15,587
- Gross operating margin -€134,349
down €134,349 (-31.5%), from €426,912 to €292,563
- Taxes -€35,765
down €35,765 (-37.8%), from €94,515 to €58,750
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 | €1,073,402 | €1,351,636 | +€278,234 | +25.9% |
| Fixed assets | 21/28 | €99,463 | €82,644 | -€16,819 | -16.9% |
| Tangible fixed assets | 22/27 | €99,463 | €82,644 | -€16,819 | -16.9% |
| Plant, machinery and equipment | 23 | €5,107 | €3,121 | -€1,986 | -38.9% |
| Furniture and vehicles | 24 | €94,356 | €75,196 | -€19,160 | -20.3% |
| Other tangible fixed assets | 26 | - | €4,327 | +€4,327 | |
| Current assets | 29/58 | €973,940 | €1,268,993 | +€295,053 | +30.3% |
| Amounts receivable within one year | 40/41 | €192,458 | €231,279 | +€38,821 | +20.2% |
| Trade receivables | 40 | €170,757 | €188,328 | +€17,571 | +10.3% |
| Other amounts receivable | 41 | €21,701 | €42,951 | +€21,250 | +97.9% |
| Cash at bank and in hand | 54/58 | €781,482 | €1,037,714 | +€256,232 | +32.8% |
| Total equity and liabilities | 10/49 | €1,073,402 | €1,351,636 | +€278,234 | +25.9% |
| Equity | 10/15 | €856,974 | €1,049,407 | +€192,433 | +22.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €838,382 | €1,030,815 | +€192,433 | +23.0% |
| Distributable reserves | 133 | €838,382 | €1,030,815 | +€192,433 | +23.0% |
| Amounts payable | 17/49 | €216,428 | €302,229 | +€85,801 | +39.6% |
| Amounts payable after more than one year | 17 | €71,804 | €50,967 | -€20,837 | -29.0% |
| Financial debts | 170/4 | €71,804 | €50,967 | -€20,837 | -29.0% |
| Amounts payable within one year | 42/48 | €144,624 | €251,262 | +€106,638 | +73.7% |
| Current portion of amounts payable after more than one year | 42 | €20,426 | €20,837 | +€411 | +2.0% |
| Trade debts | 44 | €86,029 | €176,086 | +€90,058 | +105% |
| Suppliers | 440/4 | €86,029 | €176,086 | +€90,058 | +105% |
| Taxes, remuneration and social security | 45 | €2,665 | €20,917 | +€18,252 | +685% |
| Taxes | 450/3 | - | €15,587 | +€15,587 | |
| Remuneration and social security | 454/9 | €2,665 | €5,330 | +€2,665 | +100% |
| Other amounts payable | 47/48 | €35,505 | €33,422 | -€2,083 | -5.9% |
| Non-recurring operating income | 76A | - | €2,092 | +€2,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,224 | €37,154 | -€1,070 | -2.8% |
| Other operating charges | 640/8 | €854 | €1,571 | +€718 | +84.1% |
| Non-recurring operating charges | 66A | - | €799 | +€799 | |
| Gross operating margin | 9900 | €426,912 | €292,563 | -€134,349 | -31.5% |
| Operating profit (loss) | 9901 | €387,834 | €253,039 | -€134,796 | -34.8% |
| Financial income | 75/76B | €1,462 | €1 | -€1,461 | -99.9% |
| Recurring financial income | 75 | €30 | €1 | -€29 | -95.9% |
| Non-recurring financial income | 76B | €1,432 | €0 | -€1,432 | -100% |
| Financial charges | 65/66B | €3,617 | €1,857 | -€1,760 | -48.7% |
| Recurring financial charges | 65 | €2,196 | €1,857 | -€339 | -15.4% |
| Non-recurring financial charges | 66B | €1,420 | €0 | -€1,420 | -100% |
| Profit (loss) for the period before taxes | 9903 | €385,680 | €251,183 | -€134,497 | -34.9% |
| Income taxes | 67/77 | €94,515 | €58,750 | -€35,765 | -37.8% |
| Profit (loss) for the period | 9904 | €291,165 | €192,433 | -€98,732 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €291,165 | €192,433 | -€98,732 | -33.9% |
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 16 October 2026 via checked.be.