DICAVA: 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.
DICAVA
Largest movements
- Receivables within one year +€71,767
up €71,767 (+321.1%), from €22,354 to €94,121
of which Trade receivables: +€45,815
- Cash -€38,226
down €38,226 (-95.8%), from €39,896 to €1,670
mainly Receivables within one year (-€71,767) and Investment in fixed assets (net) (-€56,924)
- Tangible fixed assets +€26,071
up €26,071 (+19.8%), from €131,448 to €157,519
of which Plant, machinery and equipment: +€33,624
- Stocks and contracts -€11,444
down €11,444 (-22.0%), from €52,050 to €40,606
- Tax, wage and social debts +€45,058
up €45,058 (+54.0%), from €83,461 to €128,519
of which Remuneration and social security: +€26,348
- Debts after one year -€32,023
down €32,023 (-36.9%), from €86,670 to €54,647
- Current portion of long-term debt +€18,782
up €18,782 (+369.6%), from €5,082 to €23,864
- Trade debts +€14,596
up €14,596 (+26.9%), from €54,163 to €68,758
- Staff costs -€76,054
down €76,054 (-16.3%), from €466,383 to €390,329
- Gross operating margin -€33,014
down €33,014 (-6.9%), from €476,759 to €443,745
- Depreciation +€13,482
up €13,482 (+77.4%), from €17,417 to €30,898
- Financial charges +€11,193
up €11,193 (+170.3%), from €6,574 to €17,766
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 | €249,193 | €297,316 | +€48,122 | +19.3% |
| Formation expenses | 20 | €46 | - | -€46 | |
| Fixed assets | 21/28 | €131,448 | €157,519 | +€26,071 | +19.8% |
| Tangible fixed assets | 22/27 | €131,448 | €157,519 | +€26,071 | +19.8% |
| Land and buildings | 22 | €35,935 | €31,182 | -€4,753 | -13.2% |
| Plant, machinery and equipment | 23 | €70,872 | €104,496 | +€33,624 | +47.4% |
| Furniture and vehicles | 24 | €22,009 | €19,774 | -€2,235 | -10.2% |
| Other tangible fixed assets | 26 | €2,632 | €2,068 | -€564 | -21.4% |
| Current assets | 29/58 | €117,699 | €139,797 | +€22,097 | +18.8% |
| Stocks and contracts in progress | 3 | €52,050 | €40,606 | -€11,444 | -22.0% |
| Stocks | 30/36 | €52,050 | €40,606 | -€11,444 | -22.0% |
| Amounts receivable within one year | 40/41 | €22,354 | €94,121 | +€71,767 | +321.1% |
| Trade receivables | 40 | €21,579 | €67,394 | +€45,815 | +212.3% |
| Other amounts receivable | 41 | €774 | €26,727 | +€25,953 | +3351.2% |
| Cash at bank and in hand | 54/58 | €39,896 | €1,670 | -€38,226 | -95.8% |
| Deferred charges and accrued income | 490/1 | €3,400 | €3,400 | = | 0.0% |
| Total equity and liabilities | 10/49 | €249,193 | €297,316 | +€48,122 | +19.3% |
| Equity | 10/15 | -€7,793 | -€5,447 | +€2,346 | +30.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,793 | -€25,447 | +€2,346 | +8.4% |
| Amounts payable | 17/49 | €256,986 | €302,763 | +€45,777 | +17.8% |
| Amounts payable after more than one year | 17 | €86,670 | €54,647 | -€32,023 | -36.9% |
| Financial debts | 170/4 | €86,670 | €54,647 | -€32,023 | -36.9% |
| Amounts payable within one year | 42/48 | €170,316 | €248,116 | +€77,800 | +45.7% |
| Current portion of amounts payable after more than one year | 42 | €5,082 | €23,864 | +€18,782 | +369.6% |
| Financial debts | 43 | €24,792 | €26,975 | +€2,183 | +8.8% |
| Credit institutions | 430/8 | €24,792 | €26,975 | +€2,183 | +8.8% |
| Trade debts | 44 | €54,163 | €68,758 | +€14,596 | +26.9% |
| Suppliers | 440/4 | €54,163 | €68,758 | +€14,596 | +26.9% |
| Taxes, remuneration and social security | 45 | €83,461 | €128,519 | +€45,058 | +54.0% |
| Taxes | 450/3 | €31,885 | €50,595 | +€18,710 | +58.7% |
| Remuneration and social security | 454/9 | €51,576 | €77,924 | +€26,348 | +51.1% |
| Other amounts payable | 47/48 | €2,819 | - | -€2,819 | |
| Remuneration, social security and pensions | 62 | €466,383 | €390,329 | -€76,054 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,417 | €30,898 | +€13,482 | +77.4% |
| Other operating charges | 640/8 | €4,336 | €3,126 | -€1,210 | -27.9% |
| Gross operating margin | 9900 | €476,759 | €443,745 | -€33,014 | -6.9% |
| Operating profit (loss) | 9901 | -€11,377 | €19,391 | +€30,768 | |
| Financial income | 75/76B | €1 | €720 | +€720 | +116095.2% |
| Recurring financial income | 75 | €1 | €720 | +€720 | +116095.2% |
| Financial charges | 65/66B | €6,574 | €17,766 | +€11,193 | +170.3% |
| Recurring financial charges | 65 | €6,574 | €17,766 | +€11,193 | +170.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,950 | €2,346 | +€20,295 | |
| Profit (loss) for the period | 9904 | -€17,950 | €2,346 | +€20,295 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,950 | €2,346 | +€20,295 |
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 30 September 2026 via checked.be.