DISACO: 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.
DISACO
Largest movements
- Cash +€181,283
up €181,283 (+38.8%), from €467,524 to €648,807
mainly Net result for the year (+€120,599) and Tax, wage and social debts (+€93,056)
- Receivables within one year -€68,561
down €68,561 (-26.6%), from €258,224 to €189,663
of which Other amounts receivable: -€77,763
- Reserves +€120,599
up €120,599 (+98.8%), from €122,022 to €242,621
of which Distributable reserves: +€122,459
- Tax, wage and social debts +€93,056
up €93,056 (+256%), from €36,305 to €129,361
of which Remuneration and social security: +€63,445
- Provisions -€55,380
down €55,380 (-100%), from €55,380 to €0
- Debts after one year -€20,486
down €20,486 (-27.4%), from €74,648 to €54,162
- Staff costs -€281,105
down €281,105 (-36.2%), from €776,354 to €495,249
- Gross operating margin -€257,577
down €257,577 (-25.8%), from €999,834 to €742,257
- Financial income +€29,873
new in 2025: €29,873
- Depreciation +€12,875
up €12,875 (+17.4%), from €74,188 to €87,063
- Taxes +€11,565
up €11,565 (+26.7%), from €43,312 to €54,878
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 | €1,421,087 | €1,550,870 | +€129,783 | +9.1% |
| Fixed assets | 21/28 | €526,001 | €528,752 | +€2,751 | +0.5% |
| Tangible fixed assets | 22/27 | €525,250 | €528,001 | +€2,751 | +0.5% |
| Land and buildings | 22 | €460,683 | €423,944 | -€36,739 | -8.0% |
| Plant, machinery and equipment | 23 | €64,567 | €47,795 | -€16,771 | -26.0% |
| Furniture and vehicles | 24 | - | €56,261 | +€56,261 | |
| Financial fixed assets | 28 | €752 | €752 | = | 0.0% |
| Current assets | 29/58 | €895,085 | €1,022,117 | +€127,032 | +14.2% |
| Stocks and contracts in progress | 3 | €159,530 | €170,673 | +€11,143 | +7.0% |
| Stocks | 30/36 | €159,530 | €170,673 | +€11,143 | +7.0% |
| Amounts receivable within one year | 40/41 | €258,224 | €189,663 | -€68,561 | -26.6% |
| Trade receivables | 40 | €40 | €9,241 | +€9,202 | +23,207% |
| Other amounts receivable | 41 | €258,185 | €180,422 | -€77,763 | -30.1% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €467,524 | €648,807 | +€181,283 | +38.8% |
| Deferred charges and accrued income | 490/1 | €9,807 | €12,974 | +€3,168 | +32.3% |
| Total equity and liabilities | 10/49 | €1,421,087 | €1,550,870 | +€129,783 | +9.1% |
| Equity | 10/15 | €1,091,234 | €1,211,833 | +€120,599 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €122,022 | €242,621 | +€120,599 | +98.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €120,162 | €242,621 | +€122,459 | +102% |
| Profit (loss) carried forward | 14 | €950,612 | €950,612 | = | 0.0% |
| Provisions and deferred taxes | 16 | €55,380 | €0 | -€55,380 | -100% |
| Provisions for liabilities and charges | 160/5 | €55,380 | €0 | -€55,380 | -100% |
| Pensions and similar obligations | 160 | €55,380 | - | -€55,380 | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Amounts payable | 17/49 | €274,472 | €339,036 | +€64,564 | +23.5% |
| Amounts payable after more than one year | 17 | €74,648 | €54,162 | -€20,486 | -27.4% |
| Financial debts | 170/4 | €74,648 | €54,162 | -€20,486 | -27.4% |
| Amounts payable within one year | 42/48 | €199,824 | €284,875 | +€85,050 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €20,224 | €20,486 | +€262 | +1.3% |
| Trade debts | 44 | €122,285 | €118,580 | -€3,705 | -3.0% |
| Suppliers | 440/4 | €122,285 | €118,580 | -€3,705 | -3.0% |
| Taxes, remuneration and social security | 45 | €36,305 | €129,361 | +€93,056 | +256% |
| Taxes | 450/3 | - | €29,611 | +€29,611 | |
| Remuneration and social security | 454/9 | €36,305 | €99,750 | +€63,445 | +175% |
| Other amounts payable | 47/48 | €21,011 | €16,447 | -€4,563 | -21.7% |
| Remuneration, social security and pensions | 62 | €776,354 | €495,249 | -€281,105 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,188 | €87,063 | +€12,875 | +17.4% |
| Other operating charges | 640/8 | €2,613 | €10,482 | +€7,869 | +301% |
| Gross operating margin | 9900 | €999,834 | €742,257 | -€257,577 | -25.8% |
| Operating profit (loss) | 9901 | €146,679 | €149,463 | +€2,784 | +1.9% |
| Financial income | 75/76B | - | €29,873 | +€29,873 | |
| Recurring financial income | 75 | - | €29,873 | +€29,873 | |
| Financial charges | 65/66B | €3,579 | €3,859 | +€280 | +7.8% |
| Recurring financial charges | 65 | €3,579 | €3,859 | +€280 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €143,100 | €175,477 | +€32,377 | +22.6% |
| Income taxes | 67/77 | €43,312 | €54,878 | +€11,565 | +26.7% |
| Profit (loss) for the period | 9904 | €99,787 | €120,599 | +€20,812 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,787 | €120,599 | +€20,812 | +20.9% |
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 15 October 2026 via checked.be.