DCOD: 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.
DCOD
Largest movements
- Cash -€35,465
down €35,465 (-44.7%), from €79,317 to €43,852
mainly Contributions, distributions and other (-€117,568) and Investment in fixed assets (net) (-€13,269)
- Tangible fixed assets -€7,022
down €7,022 (-1.5%), from €457,197 to €450,174
of which Land and buildings: -€16,118
- Reserves -€82,291
down €82,291 (-19.5%), from €422,609 to €340,318
of which Distributable reserves: -€82,291
- Other debts +€39,801
up €39,801 (+44.8%), from €88,894 to €128,696
- Trade debts +€11,867
up €11,867 (+549%), from €2,161 to €14,027
- Tax, wage and social debts -€8,126
down €8,126 (-24.7%), from €32,878 to €24,752
- Gross operating margin -€24,442
down €24,442 (-25.0%), from €97,836 to €73,394
- Taxes -€7,911
down €7,911 (-33.7%), from €23,466 to €15,555
- Depreciation +€1,727
up €1,727 (+9.3%), from €18,564 to €20,291
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €558,942 | €520,193 | -€38,749 | -6.9% |
| Fixed assets | 21/28 | €457,607 | €450,585 | -€7,022 | -1.5% |
| Tangible fixed assets | 22/27 | €457,197 | €450,174 | -€7,022 | -1.5% |
| Land and buildings | 22 | €444,171 | €428,052 | -€16,118 | -3.6% |
| Plant, machinery and equipment | 23 | €1,756 | €2,798 | +€1,042 | +59.3% |
| Furniture and vehicles | 24 | €11,270 | €19,324 | +€8,054 | +71.5% |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €101,335 | €69,608 | -€31,727 | -31.3% |
| Amounts receivable within one year | 40/41 | €13,939 | €18,295 | +€4,356 | +31.3% |
| Trade receivables | 40 | €13,939 | €18,295 | +€4,356 | +31.3% |
| Cash at bank and in hand | 54/58 | €79,317 | €43,852 | -€35,465 | -44.7% |
| Deferred charges and accrued income | 490/1 | €8,078 | €7,461 | -€618 | -7.6% |
| Total equity and liabilities | 10/49 | €558,942 | €520,193 | -€38,749 | -6.9% |
| Equity | 10/15 | €435,009 | €352,718 | -€82,291 | -18.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €422,609 | €340,318 | -€82,291 | -19.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €420,749 | €338,458 | -€82,291 | -19.6% |
| Amounts payable | 17/49 | €123,933 | €167,475 | +€43,542 | +35.1% |
| Amounts payable within one year | 42/48 | €123,933 | €167,475 | +€43,542 | +35.1% |
| Trade debts | 44 | €2,161 | €14,027 | +€11,867 | +549% |
| Suppliers | 440/4 | €2,161 | €14,027 | +€11,867 | +549% |
| Taxes, remuneration and social security | 45 | €32,878 | €24,752 | -€8,126 | -24.7% |
| Taxes | 450/3 | €32,878 | €24,752 | -€8,126 | -24.7% |
| Other amounts payable | 47/48 | €88,894 | €128,696 | +€39,801 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,564 | €20,291 | +€1,727 | +9.3% |
| Other operating charges | 640/8 | €1,737 | €2,231 | +€493 | +28.4% |
| Non-recurring operating charges | 66A | €124 | - | -€124 | |
| Gross operating margin | 9900 | €97,836 | €73,394 | -€24,442 | -25.0% |
| Operating profit (loss) | 9901 | €77,411 | €50,872 | -€26,539 | -34.3% |
| Financial charges | 65/66B | €112 | €40 | -€72 | -64.0% |
| Recurring financial charges | 65 | €112 | €40 | -€72 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €77,299 | €50,832 | -€26,467 | -34.2% |
| Income taxes | 67/77 | €23,466 | €15,555 | -€7,911 | -33.7% |
| Profit (loss) for the period | 9904 | €53,833 | €35,277 | -€18,556 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,833 | €35,277 | -€18,556 | -34.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.