DICARNEX: 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.
DICARNEX
Largest movements
- Tangible fixed assets +€992,459
up €992,459 (+26.7%), from €3.7m to €4.7m
of which Land and buildings: +€985,852
- Debts after one year +€730,284
up €730,284 (+50.3%), from €1.5m to €2.2m
- Reserves +€216,203
up €216,203 (+11.4%), from €1.9m to €2.1m
of which Distributable reserves: +€216,203
- Current portion of long-term debt -€137,957
down €137,957 (-45.4%), from €303,722 to €165,765
- Trade debts +€107,147
up €107,147 (+100%), from €106,896 to €214,042
- Tax, wage and social debts +€68,938
up €68,938 (+829%), from €8,320 to €77,258
- Gross operating margin -€14,496
down €14,496 (-2.8%), from €520,500 to €506,004
- Depreciation +€12,210
up €12,210 (+8.8%), from €138,162 to €150,372
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 | €4,007,982 | €4,993,637 | +€985,655 | +24.6% |
| Fixed assets | 21/28 | €3,723,618 | €4,711,077 | +€987,459 | +26.5% |
| Tangible fixed assets | 22/27 | €3,714,618 | €4,707,077 | +€992,459 | +26.7% |
| Land and buildings | 22 | €3,711,604 | €4,697,456 | +€985,852 | +26.6% |
| Plant, machinery and equipment | 23 | €3,014 | €1,847 | -€1,167 | -38.7% |
| Furniture and vehicles | 24 | - | €7,773 | +€7,773 | |
| Financial fixed assets | 28 | €9,000 | €4,000 | -€5,000 | -55.6% |
| Current assets | 29/58 | €284,364 | €282,560 | -€1,805 | -0.6% |
| Amounts receivable within one year | 40/41 | €32,732 | €44,934 | +€12,202 | +37.3% |
| Trade receivables | 40 | €28,393 | €39,055 | +€10,662 | +37.6% |
| Other amounts receivable | 41 | €4,339 | €5,879 | +€1,540 | +35.5% |
| Cash at bank and in hand | 54/58 | €244,753 | €230,602 | -€14,151 | -5.8% |
| Deferred charges and accrued income | 490/1 | €6,880 | €7,024 | +€144 | +2.1% |
| Total equity and liabilities | 10/49 | €4,007,982 | €4,993,637 | +€985,655 | +24.6% |
| Equity | 10/15 | €2,078,768 | €2,294,971 | +€216,203 | +10.4% |
| Contributions | 10/11 | €174,000 | €174,000 | = | 0.0% |
| Capital | 10 | €174,000 | €174,000 | = | 0.0% |
| Issued capital | 100 | €174,000 | €174,000 | = | 0.0% |
| Reserves | 13 | €1,904,768 | €2,120,971 | +€216,203 | +11.4% |
| Non-distributable reserves | 130/1 | €17,750 | €17,750 | = | 0.0% |
| Legal reserve | 130 | €17,400 | €17,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €350 | €350 | = | 0.0% |
| Distributable reserves | 133 | €1,887,018 | €2,103,220 | +€216,203 | +11.5% |
| Amounts payable | 17/49 | €1,929,214 | €2,698,666 | +€769,452 | +39.9% |
| Amounts payable after more than one year | 17 | €1,453,155 | €2,183,439 | +€730,284 | +50.3% |
| Financial debts | 170/4 | €1,453,155 | €2,183,439 | +€730,284 | +50.3% |
| Amounts payable within one year | 42/48 | €436,337 | €474,465 | +€38,128 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €303,722 | €165,765 | -€137,957 | -45.4% |
| Trade debts | 44 | €106,896 | €214,042 | +€107,147 | +100% |
| Suppliers | 440/4 | €106,896 | €214,042 | +€107,147 | +100% |
| Taxes, remuneration and social security | 45 | €8,320 | €77,258 | +€68,938 | +829% |
| Taxes | 450/3 | €8,320 | €77,258 | +€68,938 | +829% |
| Other amounts payable | 47/48 | €17,400 | €17,400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €39,722 | €40,763 | +€1,040 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,162 | €150,372 | +€12,210 | +8.8% |
| Other operating charges | 640/8 | €27,506 | €28,416 | +€909 | +3.3% |
| Gross operating margin | 9900 | €520,500 | €506,004 | -€14,496 | -2.8% |
| Operating profit (loss) | 9901 | €354,831 | €327,216 | -€27,615 | -7.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €32,887 | €31,726 | -€1,161 | -3.5% |
| Recurring financial charges | 65 | €32,887 | €31,726 | -€1,161 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €321,944 | €295,492 | -€26,452 | -8.2% |
| Income taxes | 67/77 | €75,711 | €79,289 | +€3,578 | +4.7% |
| Profit (loss) for the period | 9904 | €246,233 | €216,203 | -€30,030 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €246,233 | €216,203 | -€30,030 | -12.2% |
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 19 October 2026 via checked.be.