DICORDIS: 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.
DICORDIS
Largest movements
- Cash +€142,532
up €142,532 (+111%), from €128,598 to €271,130
mainly Net result for the year (+€230,860) and Debts after one year (+€87,411)
- Tangible fixed assets +€101,081
up €101,081 (+71.3%), from €141,723 to €242,804
of which Furniture and vehicles: +€104,055
- Receivables after one year +€48,285
up €48,285 (+31.8%), from €152,000 to €200,285
- Deferred charges and accrued income -€18,601
down €18,601 (-12.0%), from €155,288 to €136,688
- Receivables within one year +€16,749
up €16,749 (+66.4%), from €25,211 to €41,960
of which Other amounts receivable: +€21,749
- Reserves +€165,600
up €165,600 (+18.7%), from €883,615 to €1.0m
of which Distributable reserves: +€165,600
- Debts after one year +€87,411
new in 2025: €87,411
- Tax, wage and social debts +€30,031
up €30,031 (+95.3%), from €31,518 to €61,549
- Current portion of long-term debt +€27,489
new in 2025: €27,489
- Gross operating margin +€44,241
up €44,241 (+15.5%), from €284,586 to €328,826
- Taxes +€15,333
up €15,333 (+17.3%), from €88,853 to €104,186
- Financial income -€7,107
down €7,107 (-33.8%), from €21,020 to €13,912
- Depreciation -€6,332
down €6,332 (-56.1%), from €11,284 to €4,952
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 | €938,934 | €1,240,957 | +€302,024 | +32.2% |
| Fixed assets | 21/28 | €144,223 | €245,304 | +€101,081 | +70.1% |
| Tangible fixed assets | 22/27 | €141,723 | €242,804 | +€101,081 | +71.3% |
| Land and buildings | 22 | €79,808 | €78,305 | -€1,503 | -1.9% |
| Plant, machinery and equipment | 23 | €274 | €0 | -€274 | -100% |
| Furniture and vehicles | 24 | €15,167 | €119,222 | +€104,055 | +686% |
| Other tangible fixed assets | 26 | €46,474 | €45,277 | -€1,197 | -2.6% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €794,711 | €995,653 | +€200,943 | +25.3% |
| Amounts receivable after more than one year | 29 | €152,000 | €200,285 | +€48,285 | +31.8% |
| Other amounts receivable | 291 | €152,000 | €200,285 | +€48,285 | +31.8% |
| Amounts receivable within one year | 40/41 | €25,211 | €41,960 | +€16,749 | +66.4% |
| Trade receivables | 40 | €6,000 | €1,000 | -€5,000 | -83.3% |
| Other amounts receivable | 41 | €19,211 | €40,960 | +€21,749 | +113% |
| Current investments | 50/53 | €333,614 | €345,591 | +€11,978 | +3.6% |
| Cash at bank and in hand | 54/58 | €128,598 | €271,130 | +€142,532 | +111% |
| Deferred charges and accrued income | 490/1 | €155,288 | €136,688 | -€18,601 | -12.0% |
| Total equity and liabilities | 10/49 | €938,934 | €1,240,957 | +€302,024 | +32.2% |
| Equity | 10/15 | €896,015 | €1,061,615 | +€165,600 | +18.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €883,615 | €1,049,215 | +€165,600 | +18.7% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Distributable reserves | 133 | €757,315 | €922,915 | +€165,600 | +21.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,919 | €179,343 | +€136,424 | +318% |
| Amounts payable after more than one year | 17 | - | €87,411 | +€87,411 | |
| Financial debts | 170/4 | - | €87,411 | +€87,411 | |
| Amounts payable within one year | 42/48 | €35,014 | €91,932 | +€56,918 | +163% |
| Current portion of amounts payable after more than one year | 42 | - | €27,489 | +€27,489 | |
| Financial debts | 43 | €1,734 | €2,210 | +€476 | +27.5% |
| Credit institutions | 430/8 | €1,734 | €2,210 | +€476 | +27.5% |
| Trade debts | 44 | €1,762 | €684 | -€1,079 | -61.2% |
| Suppliers | 440/4 | €1,762 | €684 | -€1,079 | -61.2% |
| Taxes, remuneration and social security | 45 | €31,518 | €61,549 | +€30,031 | +95.3% |
| Taxes | 450/3 | €31,518 | €61,549 | +€30,031 | +95.3% |
| Accrued charges and deferred income | 492/3 | €7,906 | €0 | -€7,906 | -100% |
| Non-recurring operating income | 76A | - | €28,101 | +€28,101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,284 | €4,952 | -€6,332 | -56.1% |
| Other operating charges | 640/8 | €1,638 | €1,436 | -€201 | -12.3% |
| Gross operating margin | 9900 | €284,586 | €328,826 | +€44,241 | +15.5% |
| Operating profit (loss) | 9901 | €271,663 | €322,438 | +€50,774 | +18.7% |
| Financial income | 75/76B | €21,020 | €13,912 | -€7,107 | -33.8% |
| Recurring financial income | 75 | €21,020 | €13,912 | -€7,107 | -33.8% |
| Financial charges | 65/66B | €2,462 | €1,304 | -€1,159 | -47.1% |
| Recurring financial charges | 65 | €2,462 | €1,304 | -€1,159 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €290,221 | €335,046 | +€44,825 | +15.4% |
| Income taxes | 67/77 | €88,853 | €104,186 | +€15,333 | +17.3% |
| Profit (loss) for the period | 9904 | €201,368 | €230,860 | +€29,492 | +14.6% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €42,100 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €42,100 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €201,368 | €230,860 | +€29,492 | +14.6% |
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 13 October 2026 via checked.be.