DICO: 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.
DICO
Largest movements
- Current investments -€111,126
down €111,126 (-16.8%), from €661,126 to €550,000
- Receivables within one year -€24,179
down €24,179 (-57.0%), from €42,390 to €18,211
of which Trade receivables: -€22,394
- Tangible fixed assets -€13,946
down €13,946 (-8.8%), from €157,990 to €144,044
- Reserves -€148,805
down €148,805 (-17.8%), from €834,235 to €685,431
- Debts after one year +€10,000
new in 2026: €10,000
- Gross operating margin -€15,264
down €15,264 (-61.7%), from €24,723 to €9,459
- Financial income -€5,594
down €5,594 (-39.3%), from €14,226 to €8,632
- Taxes -€1,851
down €1,851 (-93.9%), from €1,970 to €120
- Depreciation -€321
down €321 (-2.3%), from €14,267 to €13,946
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €862,866 | €715,654 | -€147,212 | -17.1% |
| Fixed assets | 21/28 | €158,990 | €145,044 | -€13,946 | -8.8% |
| Tangible fixed assets | 22/27 | €157,990 | €144,044 | -€13,946 | -8.8% |
| Land and buildings | 22 | €157,990 | €144,044 | -€13,946 | -8.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €703,877 | €570,610 | -€133,267 | -18.9% |
| Amounts receivable within one year | 40/41 | €42,390 | €18,211 | -€24,179 | -57.0% |
| Trade receivables | 40 | €35,654 | €13,260 | -€22,394 | -62.8% |
| Other amounts receivable | 41 | €6,735 | €4,951 | -€1,785 | -26.5% |
| Current investments | 50/53 | €661,126 | €550,000 | -€111,126 | -16.8% |
| Cash at bank and in hand | 54/58 | €361 | €2,399 | +€2,038 | +564% |
| Total equity and liabilities | 10/49 | €862,866 | €715,654 | -€147,212 | -17.1% |
| Equity | 10/15 | €852,827 | €704,023 | -€148,805 | -17.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €834,235 | €685,431 | -€148,805 | -17.8% |
| Distributable reserves | 133 | €834,235 | €685,431 | -€148,805 | -17.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €10,039 | €11,631 | +€1,592 | +15.9% |
| Amounts payable after more than one year | 17 | - | €10,000 | +€10,000 | |
| Other amounts payable | 178/9 | - | €10,000 | +€10,000 | |
| Amounts payable within one year | 42/48 | €10,039 | €1,631 | -€8,408 | -83.7% |
| Trade debts | 44 | €1,306 | €898 | -€408 | -31.2% |
| Suppliers | 440/4 | €1,306 | €898 | -€408 | -31.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,733 | €733 | -€8,000 | -91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,267 | €13,946 | -€321 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,517 | €2,530 | +€13 | +0.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €24,723 | €9,459 | -€15,264 | -61.7% |
| Operating profit (loss) | 9901 | €7,939 | -€7,017 | -€14,956 | |
| Financial income | 75/76B | €14,226 | €8,632 | -€5,594 | -39.3% |
| Recurring financial income | 75 | €14,226 | €8,632 | -€5,594 | -39.3% |
| Financial charges | 65/66B | €494 | €300 | -€194 | -39.2% |
| Recurring financial charges | 65 | €494 | €300 | -€194 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €21,671 | €1,315 | -€20,356 | -93.9% |
| Income taxes | 67/77 | €1,970 | €120 | -€1,851 | -93.9% |
| Profit (loss) for the period | 9904 | €19,701 | €1,195 | -€18,506 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,701 | €1,195 | -€18,506 | -93.9% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.