DCV: 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.
DCV
Largest movements
- Receivables within one year -€84,466
down €84,466 (-60.5%), from €139,521 to €55,056
of which Other amounts receivable: -€110,621
- Tangible fixed assets -€31,701
down €31,701 (-4.2%), from €761,245 to €729,544
of which Land and buildings: -€27,602
- Cash -€11,176
down €11,176 (-17.7%), from €63,167 to €51,992
mainly Trade debts (-€55,259) and Net result for the year (-€43,361)
- Trade debts -€55,259
down €55,259 (-99.6%), from €55,454 to €196
- Profit (loss) carried forward -€43,361
down €43,361 (-23.7%), from -€183,293 to -€226,655
- Debts after one year -€39,558
down €39,558 (-7.9%), from €503,253 to €463,695
- Accrued charges and deferred income +€14,691
new in 2025: €14,691
- Gross operating margin +€47,563
up €47,563, from -€20,347 to €27,216
- Financial charges +€5,177
up €5,177 (+29.4%), from €17,588 to €22,765
- Financial income -€3,958
down €3,958 (-96.5%), from €4,103 to €144
- Other operating charges +€2,040
up €2,040 (+46.6%), from €4,373 to €6,413
- Depreciation -€503
down €503 (-1.2%), from €41,851 to €41,348
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 | €963,934 | €836,592 | -€127,342 | -13.2% |
| Fixed assets | 21/28 | €761,245 | €729,544 | -€31,701 | -4.2% |
| Tangible fixed assets | 22/27 | €761,245 | €729,544 | -€31,701 | -4.2% |
| Land and buildings | 22 | €739,288 | €711,686 | -€27,602 | -3.7% |
| Plant, machinery and equipment | 23 | €13,369 | €15,219 | +€1,850 | +13.8% |
| Furniture and vehicles | 24 | €8,588 | €2,639 | -€5,948 | -69.3% |
| Current assets | 29/58 | €202,689 | €107,048 | -€95,641 | -47.2% |
| Amounts receivable within one year | 40/41 | €139,521 | €55,056 | -€84,466 | -60.5% |
| Trade receivables | 40 | €18,830 | €44,985 | +€26,155 | +139% |
| Other amounts receivable | 41 | €120,691 | €10,070 | -€110,621 | -91.7% |
| Cash at bank and in hand | 54/58 | €63,167 | €51,992 | -€11,176 | -17.7% |
| Total equity and liabilities | 10/49 | €963,934 | €836,592 | -€127,342 | -13.2% |
| Equity | 10/15 | -€120,257 | -€163,618 | -€43,361 | -36.1% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €56,536 | €56,536 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €54,586 | €54,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€183,293 | -€226,655 | -€43,361 | -23.7% |
| Amounts payable | 17/49 | €1,084,190 | €1,000,210 | -€83,981 | -7.7% |
| Amounts payable after more than one year | 17 | €503,253 | €463,695 | -€39,558 | -7.9% |
| Financial debts | 170/4 | €503,253 | €463,695 | -€39,558 | -7.9% |
| Amounts payable within one year | 42/48 | €580,937 | €521,824 | -€59,113 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €40,003 | €39,558 | -€445 | -1.1% |
| Trade debts | 44 | €55,454 | €196 | -€55,259 | -99.6% |
| Suppliers | 440/4 | €55,454 | €196 | -€55,259 | -99.6% |
| Taxes, remuneration and social security | 45 | €93 | €4,439 | +€4,346 | +4,655% |
| Taxes | 450/3 | €93 | €4,439 | +€4,346 | +4,655% |
| Other amounts payable | 47/48 | €485,386 | €477,631 | -€7,755 | -1.6% |
| Accrued charges and deferred income | 492/3 | - | €14,691 | +€14,691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,851 | €41,348 | -€503 | -1.2% |
| Other operating charges | 640/8 | €4,373 | €6,413 | +€2,040 | +46.6% |
| Gross operating margin | 9900 | -€20,347 | €27,216 | +€47,563 | |
| Operating profit (loss) | 9901 | -€66,571 | -€20,545 | +€46,026 | +69.1% |
| Financial income | 75/76B | €4,103 | €144 | -€3,958 | -96.5% |
| Recurring financial income | 75 | €4,103 | €144 | -€3,958 | -96.5% |
| Financial charges | 65/66B | €17,588 | €22,765 | +€5,177 | +29.4% |
| Recurring financial charges | 65 | €17,588 | €22,765 | +€5,177 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | -€80,056 | -€43,165 | +€36,891 | +46.1% |
| Income taxes | 67/77 | €347 | €196 | -€151 | -43.4% |
| Profit (loss) for the period | 9904 | -€80,403 | -€43,361 | +€37,042 | +46.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,403 | -€43,361 | +€37,042 | +46.1% |
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 15 October 2026 via checked.be.