DEXCO: 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.
DEXCO
Largest movements
- Receivables within one year +€154,186
up €154,186 (+43.8%), from €352,323 to €506,508
of which Trade receivables: +€110,348
- Cash -€21,869
down €21,869 (-17.7%), from €123,760 to €101,892
mainly Receivables within one year (-€154,186) and Contributions, distributions and other (-€60,000)
- Tangible fixed assets +€14,101
up €14,101 (+19.7%), from €71,650 to €85,750
of which Furniture and vehicles: +€17,007
- Reserves +€80,000
up €80,000 (+28.0%), from €286,200 to €366,200
of which Distributable reserves: +€80,000
- Tax, wage and social debts +€43,088
up €43,088 (+43.7%), from €98,643 to €141,731
of which Remuneration and social security: +€38,666
- Trade debts +€42,384
up €42,384 (+52.9%), from €80,193 to €122,577
- Accrued charges and deferred income -€12,255
down €12,255 (-100.0%), from €12,255 to €0
- Staff costs +€133,308
up €133,308 (+96.7%), from €137,848 to €271,156
- Gross operating margin +€116,394
up €116,394 (+34.5%), from €337,329 to €453,723
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.
Cash bridge derived
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 | €607,068 | €753,486 | +€146,418 | +24.1% |
| Fixed assets | 21/28 | €71,650 | €85,750 | +€14,101 | +19.7% |
| Tangible fixed assets | 22/27 | €71,650 | €85,750 | +€14,101 | +19.7% |
| Land and buildings | 22 | €16,935 | €16,370 | -€565 | -3.3% |
| Plant, machinery and equipment | 23 | €15,800 | €15,125 | -€675 | -4.3% |
| Furniture and vehicles | 24 | €29,366 | €46,373 | +€17,007 | +57.9% |
| Other tangible fixed assets | 26 | €9,549 | €7,882 | -€1,667 | -17.5% |
| Current assets | 29/58 | €535,418 | €667,735 | +€132,317 | +24.7% |
| Amounts receivable within one year | 40/41 | €352,323 | €506,508 | +€154,186 | +43.8% |
| Trade receivables | 40 | €316,352 | €426,699 | +€110,348 | +34.9% |
| Other amounts receivable | 41 | €35,971 | €79,809 | +€43,838 | +121.9% |
| Current investments | 50/53 | €59,335 | €59,335 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €123,760 | €101,892 | -€21,869 | -17.7% |
| Total equity and liabilities | 10/49 | €607,068 | €753,486 | +€146,418 | +24.1% |
| Equity | 10/15 | €355,851 | €429,178 | +€73,327 | +20.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €286,200 | €366,200 | +€80,000 | +28.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €280,000 | €360,000 | +€80,000 | +28.6% |
| Profit (loss) carried forward | 14 | €7,651 | €978 | -€6,673 | -87.2% |
| Amounts payable | 17/49 | €251,217 | €324,308 | +€73,091 | +29.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €238,962 | €324,308 | +€85,346 | +35.7% |
| Trade debts | 44 | €80,193 | €122,577 | +€42,384 | +52.9% |
| Suppliers | 440/4 | €80,193 | €122,577 | +€42,384 | +52.9% |
| Taxes, remuneration and social security | 45 | €98,643 | €141,731 | +€43,088 | +43.7% |
| Taxes | 450/3 | €75,215 | €79,637 | +€4,422 | +5.9% |
| Remuneration and social security | 454/9 | €23,428 | €62,094 | +€38,666 | +165.0% |
| Other amounts payable | 47/48 | €60,127 | €60,000 | -€127 | -0.2% |
| Accrued charges and deferred income | 492/3 | €12,255 | €0 | -€12,255 | -100.0% |
| Remuneration, social security and pensions | 62 | €137,848 | €271,156 | +€133,308 | +96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,117 | €17,169 | +€53 | +0.3% |
| Other operating charges | 640/8 | €821 | €1,191 | +€370 | +45.1% |
| Gross operating margin | 9900 | €337,329 | €453,723 | +€116,394 | +34.5% |
| Operating profit (loss) | 9901 | €181,544 | €164,206 | -€17,337 | -9.5% |
| Financial income | 75/76B | €1,198 | €5,249 | +€4,051 | +338.1% |
| Recurring financial income | 75 | €1,198 | €5,249 | +€4,051 | +338.1% |
| Financial charges | 65/66B | €1,077 | €2,590 | +€1,512 | +140.3% |
| Recurring financial charges | 65 | €1,077 | €2,590 | +€1,512 | +140.3% |
| Profit (loss) for the period before taxes | 9903 | €181,664 | €166,866 | -€14,798 | -8.1% |
| Income taxes | 67/77 | €36,068 | €33,539 | -€2,529 | -7.0% |
| Profit (loss) for the period | 9904 | €145,597 | €133,327 | -€12,270 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €145,597 | €133,327 | -€12,270 | -8.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.