DICAM: 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.
DICAM
Largest movements
- Tangible fixed assets +€4.5m
up €4.5m (+103.5%), from €4.3m to €8.8m
of which Assets under construction and advance payments: +€2.9m
- Cash -€105,445
down €105,445 (-88.1%), from €119,659 to €14,214
mainly Investment in fixed assets (net) (-€4.7m)
- Debts after one year +€4.0m
up €4.0m (+485.4%), from €822,416 to €4.8m
- Profit (loss) carried forward +€188,939
up €188,939 (+11.4%), from €1.7m to €1.8m
- Short-term financial debts +€103,754
new in 2025: €103,754
- Other operating charges +€231,167
up €231,167 (+323.0%), from €71,561 to €302,728
- Taxes -€91,574
down €91,574 (-58.8%), from €155,749 to €64,175
- Turnover +€78,631
up €78,631 (+8.7%), from €906,508 to €985,139
- Financial charges +€64,868
up €64,868 (+161.5%), from €40,160 to €105,028
- Gross operating margin +€42,180
up €42,180 (+4.9%), from €855,786 to €897,966
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 | €4,479,537 | €8,862,740 | +€4.4m | +97.8% |
| Fixed assets | 21/28 | €4,348,811 | €8,848,526 | +€4.5m | +103.5% |
| Tangible fixed assets | 22/27 | €4,348,811 | €8,848,526 | +€4.5m | +103.5% |
| Land and buildings | 22 | €4,304,778 | €5,874,709 | +€1.6m | +36.5% |
| Plant, machinery and equipment | 23 | €44,033 | €37,006 | -€7,027 | -16.0% |
| Assets under construction and advance payments | 27 | - | €2,936,811 | +€2.9m | |
| Current assets | 29/58 | €130,726 | €14,214 | -€116,512 | -89.1% |
| Cash at bank and in hand | 54/58 | €119,659 | €14,214 | -€105,445 | -88.1% |
| Deferred charges and accrued income | 490/1 | €11,067 | - | -€11,067 | |
| Total equity and liabilities | 10/49 | €4,479,537 | €8,862,740 | +€4.4m | +97.8% |
| Equity | 10/15 | €3,129,115 | €3,318,054 | +€188,939 | +6.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €478,004 | €478,004 | = | 0.0% |
| Non-distributable reserves | 130/1 | €78,004 | €78,004 | = | 0.0% |
| Reserves not available under the articles | 1311 | €78,004 | €78,004 | = | 0.0% |
| Distributable reserves | 133 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,651,111 | €1,840,050 | +€188,939 | +11.4% |
| Amounts payable | 17/49 | €1,350,422 | €5,544,686 | +€4.2m | +310.6% |
| Amounts payable after more than one year | 17 | €822,416 | €4,814,024 | +€4.0m | +485.4% |
| Financial debts | 170/4 | €822,416 | €4,814,024 | +€4.0m | +485.4% |
| Amounts payable within one year | 42/48 | €527,994 | €729,267 | +€201,273 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €391,911 | €404,638 | +€12,727 | +3.2% |
| Financial debts | 43 | - | €103,754 | +€103,754 | |
| Other loans | 439 | - | €103,754 | +€103,754 | |
| Trade debts | 44 | €67,790 | €119,478 | +€51,688 | +76.2% |
| Suppliers | 440/4 | €67,790 | €119,478 | +€51,688 | +76.2% |
| Taxes, remuneration and social security | 45 | €68,293 | €101,397 | +€33,104 | +48.5% |
| Taxes | 450/3 | €68,293 | €101,397 | +€33,104 | +48.5% |
| Accrued charges and deferred income | 492/3 | €12 | €1,395 | +€1,383 | +11525.0% |
| Turnover | 70 | €906,508 | €985,139 | +€78,631 | +8.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €121,123 | €87,173 | -€33,950 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206,270 | €237,096 | +€30,826 | +14.9% |
| Other operating charges | 640/8 | €71,561 | €302,728 | +€231,167 | +323.0% |
| Gross operating margin | 9900 | €855,786 | €897,966 | +€42,180 | +4.9% |
| Operating profit (loss) | 9901 | €577,955 | €358,142 | -€219,813 | -38.0% |
| Financial charges | 65/66B | €40,160 | €105,028 | +€64,868 | +161.5% |
| Recurring financial charges | 65 | €40,160 | €105,028 | +€64,868 | +161.5% |
| Profit (loss) for the period before taxes | 9903 | €537,795 | €253,114 | -€284,681 | -52.9% |
| Income taxes | 67/77 | €155,749 | €64,175 | -€91,574 | -58.8% |
| Profit (loss) for the period | 9904 | €382,046 | €188,939 | -€193,107 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €382,046 | €188,939 | -€193,107 | -50.5% |
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 4 October 2026 via checked.be.