DINCASSUR 4: 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 4
Largest movements
- Intangible fixed assets -€64,888
down €64,888 (-12.5%), from €519,227 to €454,339
- Receivables within one year +€56,411
up €56,411 (+260%), from €21,665 to €78,076
of which Trade receivables: +€34,911
- Cash +€11,159
up €11,159 (+80.1%), from €13,923 to €25,082
mainly Depreciation (+€64,985) and Current portion of long-term debt (+€14,083)
- Debts after one year -€22,839
down €22,839 (-7.4%), from €306,966 to €284,127
- Current portion of long-term debt +€14,083
up €14,083 (+22.9%), from €61,374 to €75,457
- Reserves +€13,000
up €13,000 (+433%), from €3,000 to €16,000
- Staff costs -€9,163
down €9,163 (-8.7%), from €105,676 to €96,513
- Taxes +€2,486
up €2,486 (+108%), from €2,309 to €4,795
- Gross operating margin +€2,124
up €2,124 (+1.1%), from €196,175 to €198,299
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 | €559,504 | €566,357 | +€6,854 | +1.2% |
| Fixed assets | 21/28 | €522,227 | €461,242 | -€60,984 | -11.7% |
| Intangible fixed assets | 21 | €519,227 | €454,339 | -€64,888 | -12.5% |
| Tangible fixed assets | 22/27 | - | €3,904 | +€3,904 | |
| Other tangible fixed assets | 26 | - | €3,904 | +€3,904 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €37,277 | €105,115 | +€67,838 | +182% |
| Amounts receivable within one year | 40/41 | €21,665 | €78,076 | +€56,411 | +260% |
| Trade receivables | 40 | €6,665 | €41,576 | +€34,911 | +524% |
| Other amounts receivable | 41 | €15,000 | €36,500 | +€21,500 | +143% |
| Cash at bank and in hand | 54/58 | €13,923 | €25,082 | +€11,159 | +80.1% |
| Deferred charges and accrued income | 490/1 | €1,689 | €1,957 | +€269 | +15.9% |
| Total equity and liabilities | 10/49 | €559,504 | €566,357 | +€6,854 | +1.2% |
| Equity | 10/15 | €23,218 | €36,120 | +€12,901 | +55.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €16,000 | +€13,000 | +433% |
| Distributable reserves | 133 | €3,000 | €16,000 | +€13,000 | +433% |
| Profit (loss) carried forward | 14 | €218 | €120 | -€99 | -45.2% |
| Amounts payable | 17/49 | €536,286 | €530,238 | -€6,048 | -1.1% |
| Amounts payable after more than one year | 17 | €306,966 | €284,127 | -€22,839 | -7.4% |
| Financial debts | 170/4 | €306,966 | €284,127 | -€22,839 | -7.4% |
| Amounts payable within one year | 42/48 | €228,888 | €245,679 | +€16,791 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €61,374 | €75,457 | +€14,083 | +22.9% |
| Trade debts | 44 | €100,873 | €103,434 | +€2,561 | +2.5% |
| Suppliers | 440/4 | €100,873 | €103,434 | +€2,561 | +2.5% |
| Taxes, remuneration and social security | 45 | €17,641 | €18,788 | +€1,147 | +6.5% |
| Taxes | 450/3 | €2,425 | €5,000 | +€2,575 | +106% |
| Remuneration and social security | 454/9 | €15,216 | €13,788 | -€1,428 | -9.4% |
| Other amounts payable | 47/48 | €49,000 | €48,000 | -€1,000 | -2.0% |
| Accrued charges and deferred income | 492/3 | €431 | €431 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €105,676 | €96,513 | -€9,163 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,888 | €64,985 | +€96 | +0.1% |
| Other operating charges | 640/8 | €505 | €568 | +€62 | +12.3% |
| Gross operating margin | 9900 | €196,175 | €198,299 | +€2,124 | +1.1% |
| Operating profit (loss) | 9901 | €25,105 | €36,234 | +€11,128 | +44.3% |
| Financial charges | 65/66B | €20,317 | €18,537 | -€1,780 | -8.8% |
| Recurring financial charges | 65 | €20,317 | €18,537 | -€1,780 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €4,788 | €17,696 | +€12,908 | +270% |
| Income taxes | 67/77 | €2,309 | €4,795 | +€2,486 | +108% |
| Profit (loss) for the period | 9904 | €2,479 | €12,901 | +€10,422 | +420% |
| Profit (loss) for the period to be appropriated | 9905 | €2,479 | €12,901 | +€10,422 | +420% |
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 22 October 2026 via checked.be.