DCORBISIER: 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.
DCORBISIER
Largest movements
- Cash +€15,326
up €15,326 (+61.4%), from €24,951 to €40,277
mainly Net result for the year (+€12,127) and Receivables within one year (+€9,104)
- Receivables within one year -€9,104
down €9,104 (-48.3%), from €18,859 to €9,754
of which Trade receivables: -€6,446
- Tangible fixed assets -€5,750
down €5,750 (-58.6%), from €9,819 to €4,069
- Reserves +€12,127
up €12,127 (+94.3%), from €12,863 to €24,990
- Other debts -€11,887
down €11,887 (-33.2%), from €35,821 to €23,934
- Trade debts +€963
up €963 (+200%), from €482 to €1,446
- Tax, wage and social debts -€732
down €732 (-16.8%), from €4,362 to €3,630
- Depreciation +€2,621
up €2,621 (+83.7%), from €3,129 to €5,750
- Gross operating margin +€2,033
up €2,033 (+10.3%), from €19,772 to €21,804
- Other operating charges +€366
up €366 (+72.3%), from €506 to €871
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 | €53,628 | €54,100 | +€472 | +0.9% |
| Fixed assets | 21/28 | €9,819 | €4,069 | -€5,750 | -58.6% |
| Tangible fixed assets | 22/27 | €9,819 | €4,069 | -€5,750 | -58.6% |
| Furniture and vehicles | 24 | €9,819 | €4,069 | -€5,750 | -58.6% |
| Current assets | 29/58 | €43,809 | €50,031 | +€6,222 | +14.2% |
| Amounts receivable within one year | 40/41 | €18,859 | €9,754 | -€9,104 | -48.3% |
| Trade receivables | 40 | €14,066 | €7,619 | -€6,446 | -45.8% |
| Other amounts receivable | 41 | €4,793 | €2,135 | -€2,658 | -55.5% |
| Cash at bank and in hand | 54/58 | €24,951 | €40,277 | +€15,326 | +61.4% |
| Total equity and liabilities | 10/49 | €53,628 | €54,100 | +€472 | +0.9% |
| Equity | 10/15 | €12,963 | €25,090 | +€12,127 | +93.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €12,863 | €24,990 | +€12,127 | +94.3% |
| Distributable reserves | 133 | €12,863 | €24,990 | +€12,127 | +94.3% |
| Amounts payable | 17/49 | €40,665 | €29,010 | -€11,655 | -28.7% |
| Amounts payable within one year | 42/48 | €40,665 | €29,010 | -€11,655 | -28.7% |
| Trade debts | 44 | €482 | €1,446 | +€963 | +200% |
| Suppliers | 440/4 | €482 | €1,446 | +€963 | +200% |
| Taxes, remuneration and social security | 45 | €4,362 | €3,630 | -€732 | -16.8% |
| Taxes | 450/3 | €4,362 | €3,630 | -€732 | -16.8% |
| Other amounts payable | 47/48 | €35,821 | €23,934 | -€11,887 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,129 | €5,750 | +€2,621 | +83.7% |
| Other operating charges | 640/8 | €506 | €871 | +€366 | +72.3% |
| Gross operating margin | 9900 | €19,772 | €21,804 | +€2,033 | +10.3% |
| Operating profit (loss) | 9901 | €16,136 | €15,183 | -€954 | -5.9% |
| Financial income | 75/76B | - | €117 | +€117 | |
| Recurring financial income | 75 | - | €117 | +€117 | |
| Profit (loss) for the period before taxes | 9903 | €16,136 | €15,300 | -€836 | -5.2% |
| Income taxes | 67/77 | €3,273 | €3,173 | -€100 | -3.1% |
| Profit (loss) for the period | 9904 | €12,863 | €12,127 | -€736 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,863 | €12,127 | -€736 | -5.7% |
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 14 October 2026 via checked.be.