DINCASSUR 2: 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.
DINCASSUR 2
Largest movements
- Intangible fixed assets -€159,786
down €159,786 (-12.3%), from €1.3m to €1.1m
- Tangible fixed assets +€49,322
up €49,322 (+323%), from €15,270 to €64,592
of which Other tangible fixed assets: +€43,479
- Cash -€26,011
down €26,011 (-50.2%), from €51,787 to €25,776
mainly Short-term financial debts (-€150,000) and Investment in fixed assets (net) (-€54,043)
- Receivables within one year +€24,449
up €24,449 (+37.9%), from €64,548 to €88,997
of which Other amounts receivable: +€16,500
- Short-term financial debts -€150,000
no longer reported in 2025 (was €150,000)
- Debts after one year -€45,692
down €45,692 (-7.6%), from €600,586 to €554,895
- Other debts +€36,000
up €36,000 (+13.1%), from €275,000 to €311,000
- Trade debts +€30,919
up €30,919 (+14.8%), from €208,302 to €239,220
- Current portion of long-term debt +€27,281
up €27,281 (+22.7%), from €120,079 to €147,360
- Write-downs +€17,599
up €17,599 (+1,354%), from €1,300 to €18,899
- Gross operating margin -€14,274
down €14,274 (-3.3%), from €437,579 to €423,305
- Financial charges -€9,773
down €9,773 (-20.2%), from €48,374 to €38,601
- Taxes -€4,766
down €4,766 (-54.1%), from €8,806 to €4,040
- Staff costs +€4,470
up €4,470 (+2.4%), from €187,624 to €192,094
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 | €1,438,349 | €1,324,168 | -€114,181 | -7.9% |
| Fixed assets | 21/28 | €1,316,560 | €1,206,096 | -€110,464 | -8.4% |
| Intangible fixed assets | 21 | €1,295,290 | €1,135,504 | -€159,786 | -12.3% |
| Tangible fixed assets | 22/27 | €15,270 | €64,592 | +€49,322 | +323% |
| Furniture and vehicles | 24 | €6,160 | €12,003 | +€5,843 | +94.9% |
| Other tangible fixed assets | 26 | €9,110 | €52,589 | +€43,479 | +477% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €121,789 | €118,072 | -€3,717 | -3.1% |
| Amounts receivable within one year | 40/41 | €64,548 | €88,997 | +€24,449 | +37.9% |
| Trade receivables | 40 | €64,548 | €72,497 | +€7,949 | +12.3% |
| Other amounts receivable | 41 | - | €16,500 | +€16,500 | |
| Cash at bank and in hand | 54/58 | €51,787 | €25,776 | -€26,011 | -50.2% |
| Deferred charges and accrued income | 490/1 | €5,454 | €3,299 | -€2,155 | -39.5% |
| Total equity and liabilities | 10/49 | €1,438,349 | €1,324,168 | -€114,181 | -7.9% |
| Equity | 10/15 | €49,746 | €53,829 | +€4,083 | +8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,000 | €33,500 | +€4,500 | +15.5% |
| Distributable reserves | 133 | €29,000 | €33,500 | +€4,500 | +15.5% |
| Profit (loss) carried forward | 14 | €746 | €329 | -€417 | -55.9% |
| Amounts payable | 17/49 | €1,388,602 | €1,270,339 | -€118,264 | -8.5% |
| Amounts payable after more than one year | 17 | €600,586 | €554,895 | -€45,692 | -7.6% |
| Financial debts | 170/4 | €600,586 | €554,895 | -€45,692 | -7.6% |
| Amounts payable within one year | 42/48 | €786,164 | €714,886 | -€71,278 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €120,079 | €147,360 | +€27,281 | +22.7% |
| Financial debts | 43 | €150,000 | - | -€150,000 | |
| Credit institutions | 430/8 | €150,000 | - | -€150,000 | |
| Trade debts | 44 | €208,302 | €239,220 | +€30,919 | +14.8% |
| Suppliers | 440/4 | €208,302 | €239,220 | +€30,919 | +14.8% |
| Taxes, remuneration and social security | 45 | €32,783 | €17,305 | -€15,478 | -47.2% |
| Taxes | 450/3 | €10,199 | €4,303 | -€5,896 | -57.8% |
| Remuneration and social security | 454/9 | €22,585 | €13,003 | -€9,582 | -42.4% |
| Other amounts payable | 47/48 | €275,000 | €311,000 | +€36,000 | +13.1% |
| Accrued charges and deferred income | 492/3 | €1,852 | €558 | -€1,294 | -69.9% |
| Remuneration, social security and pensions | 62 | €187,624 | €192,094 | +€4,470 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,514 | €164,508 | +€1,994 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,300 | €18,899 | +€17,599 | +1,354% |
| Other operating charges | 640/8 | €687 | €1,342 | +€655 | +95.3% |
| Gross operating margin | 9900 | €437,579 | €423,305 | -€14,274 | -3.3% |
| Operating profit (loss) | 9901 | €85,455 | €46,463 | -€38,992 | -45.6% |
| Financial income | 75/76B | €41 | €261 | +€219 | +535% |
| Recurring financial income | 75 | €41 | €261 | +€219 | +535% |
| Financial charges | 65/66B | €48,374 | €38,601 | -€9,773 | -20.2% |
| Recurring financial charges | 65 | €48,374 | €38,601 | -€9,773 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €37,122 | €8,122 | -€28,999 | -78.1% |
| Income taxes | 67/77 | €8,806 | €4,040 | -€4,766 | -54.1% |
| Profit (loss) for the period | 9904 | €28,316 | €4,083 | -€24,233 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,316 | €4,083 | -€24,233 | -85.6% |
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 14 October 2026 via checked.be.