DCU Invest: 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.
DCU Invest
Largest movements
- Financial fixed assets +€130.3m
up €130.3m (+479.3%), from €27.2m to €157.4m
- Receivables within one year +€6.3m
up €6.3m (+171.5%), from €3.7m to €10.0m
of which Other amounts receivable: +€5.7m
- Contributions +€75.0m
up €75.0m (+312.8%), from €24.0m to €99.0m
- Debts after one year +€69.5m
up €69.5m (+1514.9%), from €4.6m to €74.1m
of which Financial debts: +€47.9m
- Profit (loss) carried forward -€3.4m
new in 2025: -€3.4m
- Financial charges +€2.9m
up €2.9m (+1263.7%), from €227,769 to €3.1m
- Turnover +€2.5m
up €2.5m (+370.7%), from €672,955 to €3.2m
- Services and other goods +€896,437
up €896,437 (+339.4%), from €264,137 to €1.2m
- Financial income +€465,967
up €465,967 (+1196.6%), from €38,942 to €504,909
- Taxes -€41,140
down €41,140 (-100.0%), from €41,140 to €0
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,246,953 | €170,790,884 | +€139.5m | +446.6% |
| Formation expenses | 20 | - | €1,245,366 | +€1.2m | |
| Fixed assets | 21/28 | €27,181,094 | €157,446,886 | +€130.3m | +479.3% |
| Financial fixed assets | 28 | €27,181,094 | €157,446,886 | +€130.3m | +479.3% |
| Affiliated companies | 280/1 | €27,181,094 | €157,446,886 | +€130.3m | +479.3% |
| Participating interests | 280 | €27,181,094 | €157,446,886 | +€130.3m | +479.3% |
| Current assets | 29/58 | €4,065,859 | €12,098,631 | +€8.0m | +197.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,683,060 | €9,999,288 | +€6.3m | +171.5% |
| Trade receivables | 40 | €190,209 | €767,226 | +€577,017 | +303.4% |
| Other amounts receivable | 41 | €3,492,850 | €9,232,062 | +€5.7m | +164.3% |
| Cash at bank and in hand | 54/58 | €26,794 | €624,310 | +€597,516 | +2230.0% |
| Deferred charges and accrued income | 490/1 | €356,005 | €1,475,033 | +€1.1m | +314.3% |
| Total equity and liabilities | 10/49 | €31,246,953 | €170,790,884 | +€139.5m | +446.6% |
| Equity | 10/15 | €24,965,879 | €95,669,381 | +€70.7m | +283.2% |
| Contributions | 10/11 | €23,977,865 | €98,977,865 | +€75.0m | +312.8% |
| Capital | 10 | €23,977,865 | €98,977,865 | +€75.0m | +312.8% |
| Issued capital | 100 | €23,977,865 | €98,977,865 | +€75.0m | +312.8% |
| Reserves | 13 | €988,014 | €98,151 | -€889,863 | -90.1% |
| Non-distributable reserves | 130/1 | €98,151 | €98,151 | = | 0.0% |
| Legal reserve | 130 | €98,151 | €98,151 | = | 0.0% |
| Distributable reserves | 133 | €889,863 | €0 | -€889,863 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€3,406,635 | -€3.4m | |
| Amounts payable | 17/49 | €6,281,074 | €75,121,503 | +€68.8m | +1096.0% |
| Amounts payable after more than one year | 17 | €4,588,000 | €74,090,000 | +€69.5m | +1514.9% |
| Financial debts | 170/4 | €4,588,000 | €52,500,000 | +€47.9m | +1044.3% |
| Credit institutions | 173 | €4,588,000 | €52,500,000 | +€47.9m | +1044.3% |
| Other amounts payable | 178/9 | - | €21,590,000 | +€21.6m | |
| Amounts payable within one year | 42/48 | €1,672,860 | €283,315 | -€1.4m | -83.1% |
| Current portion of amounts payable after more than one year | 42 | €496,000 | €0 | -€496,000 | -100.0% |
| Trade debts | 44 | €475,333 | €94,299 | -€381,034 | -80.2% |
| Suppliers | 440/4 | €475,333 | €94,299 | -€381,034 | -80.2% |
| Taxes, remuneration and social security | 45 | €50,181 | €189,011 | +€138,831 | +276.7% |
| Taxes | 450/3 | €50,181 | €189,011 | +€138,831 | +276.7% |
| Other amounts payable | 47/48 | €651,346 | €5 | -€651,341 | -100.0% |
| Accrued charges and deferred income | 492/3 | €20,215 | €748,188 | +€727,973 | +3601.2% |
| Operating income | 70/76A | €672,955 | €3,430,438 | +€2.8m | +409.8% |
| Turnover | 70 | €672,955 | €3,167,905 | +€2.5m | +370.7% |
| Non-recurring operating income | 76A | - | €262,533 | +€262,533 | |
| Operating charges | 60/66A | €310,490 | €5,125,708 | +€4.8m | +1550.8% |
| Services and other goods | 61 | €264,137 | €1,160,574 | +€896,437 | +339.4% |
| Other operating charges | 640/8 | €1,685 | €3,016 | +€1,331 | +79.0% |
| Non-recurring operating charges | 66A | €44,668 | €3,962,117 | +€3.9m | +8770.1% |
| Operating profit (loss) | 9901 | €362,465 | -€1,695,270 | -€2.1m | |
| Financial income | 75/76B | €38,942 | €504,909 | +€465,967 | +1196.6% |
| Recurring financial income | 75 | €38,942 | €504,909 | +€465,967 | +1196.6% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €38,942 | €421,575 | +€382,634 | +982.6% |
| Other financial income | 752/9 | - | €83,333 | +€83,333 | |
| Financial charges | 65/66B | €227,769 | €3,106,136 | +€2.9m | +1263.7% |
| Recurring financial charges | 65 | €227,769 | €3,106,136 | +€2.9m | +1263.7% |
| Debt charges | 650 | €220,622 | €3,092,297 | +€2.9m | +1301.6% |
| Other financial charges | 652/9 | €7,148 | €13,839 | +€6,691 | +93.6% |
| Profit (loss) for the period before taxes | 9903 | €173,637 | -€4,296,497 | -€4.5m | |
| Income taxes | 67/77 | €41,140 | €0 | -€41,140 | -100.0% |
| Taxes | 670/3 | €41,140 | €0 | -€41,140 | -100.0% |
| Profit (loss) for the period | 9904 | €132,497 | -€4,296,497 | -€4.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €132,497 | -€4,296,497 | -€4.4m |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.