DIECOBEL: 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.
DIECOBEL
Largest movements
- Cash +€306,470
up €306,470 (+187%), from €163,458 to €469,929
mainly Receivables within one year (+€132,009) and Net result for the year (+€114,335)
- Financial fixed assets +€217,600
up €217,600 (+25.6%), from €850,000 to €1.1m
- Receivables within one year -€132,009
down €132,009 (-71.9%), from €183,528 to €51,519
of which Other amounts receivable: -€123,498
- Tangible fixed assets -€45,967
down €45,967 (-17.7%), from €259,320 to €213,353
of which Land and buildings: -€42,369
- Reserves +€113,502
up €113,502 (+7.7%), from €1.5m to €1.6m
of which Distributable reserves: +€353,472
- Debts after one year +€106,798
up €106,798 (+23.8%), from €448,663 to €555,462
of which Financial debts: +€55,374
- Trade debts +€55,278
up €55,278 (+946%), from €5,843 to €61,121
- Tax, wage and social debts +€29,165
up €29,165 (+82.5%), from €35,336 to €64,501
of which Taxes: +€28,467
- Write-downs -€57,724
down €57,724, from €12,409 to -€45,316
- Gross operating margin +€30,314
up €30,314 (+10.1%), from €301,498 to €331,812
- Taxes +€29,004
up €29,004 (+57.7%), from €50,297 to €79,301
- Financial charges +€16,418
up €16,418 (+44.0%), from €37,304 to €53,722
- Staff costs +€11,618
up €11,618 (+22.0%), from €52,844 to €64,462
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 | €2,028,921 | €2,361,055 | +€332,134 | +16.4% |
| Fixed assets | 21/28 | €1,132,550 | €1,307,079 | +€174,528 | +15.4% |
| Intangible fixed assets | 21 | €23,230 | €26,126 | +€2,896 | +12.5% |
| Tangible fixed assets | 22/27 | €259,320 | €213,353 | -€45,967 | -17.7% |
| Land and buildings | 22 | €217,984 | €175,615 | -€42,369 | -19.4% |
| Plant, machinery and equipment | 23 | - | €2,554 | +€2,554 | |
| Furniture and vehicles | 24 | €41,336 | €35,185 | -€6,152 | -14.9% |
| Financial fixed assets | 28 | €850,000 | €1,067,600 | +€217,600 | +25.6% |
| Current assets | 29/58 | €896,370 | €1,053,976 | +€157,605 | +17.6% |
| Stocks and contracts in progress | 3 | €543,601 | €526,706 | -€16,895 | -3.1% |
| Stocks | 30/36 | €543,601 | €526,706 | -€16,895 | -3.1% |
| Amounts receivable within one year | 40/41 | €183,528 | €51,519 | -€132,009 | -71.9% |
| Trade receivables | 40 | €50,255 | €41,744 | -€8,511 | -16.9% |
| Other amounts receivable | 41 | €133,273 | €9,775 | -€123,498 | -92.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €163,458 | €469,929 | +€306,470 | +187% |
| Deferred charges and accrued income | 490/1 | €5,783 | €5,822 | +€39 | +0.7% |
| Total equity and liabilities | 10/49 | €2,028,921 | €2,361,055 | +€332,134 | +16.4% |
| Equity | 10/15 | €1,498,494 | €1,611,996 | +€113,502 | +7.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,478,494 | €1,591,996 | +€113,502 | +7.7% |
| Tax-exempt reserves | 132 | €311,540 | €71,570 | -€239,970 | -77.0% |
| Distributable reserves | 133 | €1,166,954 | €1,520,426 | +€353,472 | +30.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €530,427 | €749,058 | +€218,632 | +41.2% |
| Amounts payable after more than one year | 17 | €448,663 | €555,462 | +€106,798 | +23.8% |
| Financial debts | 170/4 | €16,062 | €71,436 | +€55,374 | +345% |
| Other amounts payable | 178/9 | €432,602 | €484,026 | +€51,424 | +11.9% |
| Amounts payable within one year | 42/48 | €81,764 | €193,582 | +€111,819 | +137% |
| Current portion of amounts payable after more than one year | 42 | €16,853 | €27,413 | +€10,560 | +62.7% |
| Trade debts | 44 | €5,843 | €61,121 | +€55,278 | +946% |
| Suppliers | 440/4 | €5,843 | €61,121 | +€55,278 | +946% |
| Taxes, remuneration and social security | 45 | €35,336 | €64,501 | +€29,165 | +82.5% |
| Taxes | 450/3 | €29,992 | €58,459 | +€28,467 | +94.9% |
| Remuneration and social security | 454/9 | €5,344 | €6,042 | +€698 | +13.1% |
| Other amounts payable | 47/48 | €23,732 | €40,547 | +€16,815 | +70.9% |
| Accrued charges and deferred income | 492/3 | €0 | €15 | +€15 | |
| Non-recurring operating income | 76A | €3,719 | €0 | -€3,719 | -100% |
| Remuneration, social security and pensions | 62 | €52,844 | €64,462 | +€11,618 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,481 | €58,684 | -€797 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,409 | -€45,316 | -€57,724 | |
| Other operating charges | 640/8 | €18,121 | €20,574 | +€2,453 | +13.5% |
| Gross operating margin | 9900 | €301,498 | €331,812 | +€30,314 | +10.1% |
| Operating profit (loss) | 9901 | €158,643 | €233,407 | +€74,764 | +47.1% |
| Financial income | 75/76B | €22,516 | €13,951 | -€8,565 | -38.0% |
| Recurring financial income | 75 | €22,516 | €13,951 | -€8,565 | -38.0% |
| Financial charges | 65/66B | €37,304 | €53,722 | +€16,418 | +44.0% |
| Recurring financial charges | 65 | €37,304 | €53,722 | +€16,418 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €143,855 | €193,636 | +€49,781 | +34.6% |
| Income taxes | 67/77 | €50,297 | €79,301 | +€29,004 | +57.7% |
| Profit (loss) for the period | 9904 | €93,558 | €114,335 | +€20,777 | +22.2% |
| Transfer from tax-exempt reserves | 789 | €84,200 | €311,540 | +€227,340 | +270% |
| Transfer to tax-exempt reserves | 689 | €0 | €71,570 | +€71,570 | |
| Profit (loss) for the period to be appropriated | 9905 | €177,758 | €354,305 | +€176,547 | +99.3% |
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.