DICOTEX: 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.
DICOTEX
Largest movements
- Current investments +€209,993
up €209,993 (+52.2%), from €402,395 to €612,388
- Cash -€149,472
down €149,472 (-80.8%), from €185,070 to €35,598
mainly Current investments (-€209,993) and Contributions, distributions and other (-€37,559)
- Tangible fixed assets -€14,372
down €14,372 (-4.9%), from €292,451 to €278,079
of which Land and buildings: -€18,574
- Provisions +€33,629
up €33,629 (+432.0%), from €7,784 to €41,414
- Reserves +€15,012
up €15,012 (+2.0%), from €752,474 to €767,486
of which Distributable reserves: +€64,359
- Financial income +€26,728
up €26,728 (+297.8%), from €8,976 to €35,704
- Taxes +€6,517
up €6,517 (+38.1%), from €17,124 to €23,640
- Gross operating margin +€4,794
up €4,794 (+7.1%), from €67,555 to €72,349
- Depreciation +€1,407
up €1,407 (+7.6%), from €18,541 to €19,949
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 | €884,642 | €935,273 | +€50,631 | +5.7% |
| Fixed assets | 21/28 | €292,451 | €278,079 | -€14,372 | -4.9% |
| Tangible fixed assets | 22/27 | €292,451 | €278,079 | -€14,372 | -4.9% |
| Land and buildings | 22 | €288,163 | €269,590 | -€18,574 | -6.4% |
| Plant, machinery and equipment | 23 | - | €4,628 | +€4,628 | |
| Furniture and vehicles | 24 | €4,288 | €3,862 | -€426 | -9.9% |
| Current assets | 29/58 | €592,191 | €657,193 | +€65,003 | +11.0% |
| Amounts receivable after more than one year | 29 | €4,725 | - | -€4,725 | |
| Other amounts receivable | 291 | €4,725 | - | -€4,725 | |
| Amounts receivable within one year | 40/41 | - | €8,507 | +€8,507 | |
| Other amounts receivable | 41 | - | €8,507 | +€8,507 | |
| Current investments | 50/53 | €402,395 | €612,388 | +€209,993 | +52.2% |
| Cash at bank and in hand | 54/58 | €185,070 | €35,598 | -€149,472 | -80.8% |
| Deferred charges and accrued income | 490/1 | - | €700 | +€700 | |
| Total equity and liabilities | 10/49 | €884,642 | €935,273 | +€50,631 | +5.7% |
| Equity | 10/15 | €824,363 | €839,375 | +€15,012 | +1.8% |
| Contributions | 10/11 | €71,889 | €71,889 | = | 0.0% |
| Capital | 10 | €71,889 | €71,889 | = | 0.0% |
| Issued capital | 100 | €71,889 | €71,889 | = | 0.0% |
| Reserves | 13 | €752,474 | €767,486 | +€15,012 | +2.0% |
| Non-distributable reserves | 130/1 | €7,189 | €7,189 | = | 0.0% |
| Legal reserve | 130 | €7,189 | €7,189 | = | 0.0% |
| Tax-exempt reserves | 132 | €173,588 | €124,241 | -€49,348 | -28.4% |
| Distributable reserves | 133 | €571,697 | €636,056 | +€64,359 | +11.3% |
| Provisions and deferred taxes | 16 | €7,784 | €41,414 | +€33,629 | +432.0% |
| Deferred taxes | 168 | €7,784 | €41,414 | +€33,629 | +432.0% |
| Amounts payable | 17/49 | €52,495 | €54,484 | +€1,990 | +3.8% |
| Amounts payable within one year | 42/48 | €49,393 | €51,035 | +€1,642 | +3.3% |
| Trade debts | 44 | €951 | €312 | -€639 | -67.2% |
| Suppliers | 440/4 | €951 | €312 | -€639 | -67.2% |
| Taxes, remuneration and social security | 45 | €4,156 | €6,436 | +€2,280 | +54.9% |
| Taxes | 450/3 | €4,156 | €6,436 | +€2,280 | +54.9% |
| Other amounts payable | 47/48 | €44,287 | €44,287 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,101 | €3,449 | +€348 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,541 | €19,949 | +€1,407 | +7.6% |
| Other operating charges | 640/8 | €11,874 | €12,321 | +€447 | +3.8% |
| Gross operating margin | 9900 | €67,555 | €72,349 | +€4,794 | +7.1% |
| Operating profit (loss) | 9901 | €37,140 | €40,079 | +€2,940 | +7.9% |
| Financial income | 75/76B | €8,976 | €35,704 | +€26,728 | +297.8% |
| Recurring financial income | 75 | €8,976 | €35,704 | +€26,728 | +297.8% |
| Financial charges | 65/66B | €3,154 | €3,502 | +€349 | +11.1% |
| Recurring financial charges | 65 | €3,154 | €3,502 | +€349 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €42,963 | €72,281 | +€29,319 | +68.2% |
| Transfer from deferred taxes | 780 | €5,343 | €3,930 | -€1,413 | -26.4% |
| Income taxes | 67/77 | €17,124 | €23,640 | +€6,517 | +38.1% |
| Profit (loss) for the period | 9904 | €31,182 | €52,571 | +€21,389 | +68.6% |
| Transfer from tax-exempt reserves | 789 | €10,376 | €11,789 | +€1,413 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,558 | €64,359 | +€22,802 | +54.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.