DCODE: what changed
Two fiscal 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.
DCODE
Largest movements
- Cash +€87,579
up €87,579 (+57.1%), from €153,502 to €241,082
mainly Net result for the year (+€108,773) and Trade debts (+€9,769)
- Receivables within one year +€38,216
up €38,216 (+88.5%), from €43,199 to €81,415
of which Trade receivables: +€20,672
- Reserves +€108,773
up €108,773 (+67.1%), from €162,184 to €270,957
- Trade debts +€9,769
up €9,769 (+123.9%), from €7,887 to €17,656
- Tax, wage and social debts +€8,036
up €8,036 (+35.5%), from €22,611 to €30,647
- Gross operating margin +€31,282
up €31,282 (+28.6%), from €109,279 to €140,561
- Taxes +€8,036
up €8,036 (+35.5%), from €22,611 to €30,647
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 | €199,080 | €326,316 | +€127,236 | +63.9% |
| Fixed assets | 21/28 | €1,871 | €3,200 | +€1,329 | +71.0% |
| Tangible fixed assets | 22/27 | €1,871 | €3,200 | +€1,329 | +71.0% |
| Plant, machinery and equipment | 23 | €1,350 | €1,471 | +€120 | +8.9% |
| Furniture and vehicles | 24 | €521 | €1,729 | +€1,209 | +232.2% |
| Current assets | 29/58 | €197,209 | €323,117 | +€125,907 | +63.8% |
| Amounts receivable within one year | 40/41 | €43,199 | €81,415 | +€38,216 | +88.5% |
| Trade receivables | 40 | €9,393 | €30,065 | +€20,672 | +220.1% |
| Other amounts receivable | 41 | €33,806 | €51,349 | +€17,544 | +51.9% |
| Cash at bank and in hand | 54/58 | €153,502 | €241,082 | +€87,579 | +57.1% |
| Deferred charges and accrued income | 490/1 | €508 | €620 | +€112 | +22.1% |
| Total equity and liabilities | 10/49 | €199,080 | €326,316 | +€127,236 | +63.9% |
| Equity | 10/15 | €167,184 | €275,957 | +€108,773 | +65.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €162,184 | €270,957 | +€108,773 | +67.1% |
| Distributable reserves | 133 | €162,184 | €270,957 | +€108,773 | +67.1% |
| Amounts payable | 17/49 | €31,896 | €50,360 | +€18,464 | +57.9% |
| Amounts payable within one year | 42/48 | €31,896 | €50,360 | +€18,464 | +57.9% |
| Trade debts | 44 | €7,887 | €17,656 | +€9,769 | +123.9% |
| Suppliers | 440/4 | €7,887 | €17,656 | +€9,769 | +123.9% |
| Taxes, remuneration and social security | 45 | €22,611 | €30,647 | +€8,036 | +35.5% |
| Taxes | 450/3 | €22,611 | €30,647 | +€8,036 | +35.5% |
| Other amounts payable | 47/48 | €1,398 | €2,056 | +€658 | +47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,238 | €1,640 | -€598 | -26.7% |
| Other operating charges | 640/8 | €741 | €830 | +€89 | +12.0% |
| Gross operating margin | 9900 | €109,279 | €140,561 | +€31,282 | +28.6% |
| Operating profit (loss) | 9901 | €106,300 | €138,091 | +€31,791 | +29.9% |
| Financial income | 75/76B | €1,118 | €1,447 | +€329 | +29.5% |
| Recurring financial income | 75 | €1,118 | €1,447 | +€329 | +29.5% |
| Financial charges | 65/66B | €65 | €118 | +€53 | +82.1% |
| Recurring financial charges | 65 | €65 | €118 | +€53 | +82.1% |
| Profit (loss) for the period before taxes | 9903 | €107,353 | €139,420 | +€32,067 | +29.9% |
| Income taxes | 67/77 | €22,611 | €30,647 | +€8,036 | +35.5% |
| Profit (loss) for the period | 9904 | €84,742 | €108,773 | +€24,031 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €84,742 | €108,773 | +€24,031 | +28.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.