DISC BELGIUM: what changed
DISC BELGIUM
Largest movements
- Receivables within one year -€218,532
down €218,532 (-26.5%), from €824,520 to €605,989
of which Trade receivables: -€209,510
- Tangible fixed assets -€36,940
down €36,940 (-20.3%), from €182,203 to €145,263
of which Land and buildings: -€19,428
- Deferred charges and accrued income +€30,619
up €30,619 (+274%), from €11,157 to €41,776
- Cash -€15,541
down €15,541 (-17.7%), from €87,941 to €72,400
mainly Current portion of long-term debt (-€62,339) and Debts after one year (-€55,050)
- Current portion of long-term debt -€62,339
down €62,339 (-53.1%), from €117,389 to €55,050
- Debts after one year -€55,050
down €55,050 (-28.2%), from €195,266 to €140,216
- Reserves -€48,982
down €48,982 (-17.7%), from €276,155 to €227,173
- Other debts -€28,756
down €28,756 (-57.5%), from €49,974 to €21,218
- Tax, wage and social debts -€26,544
down €26,544 (-19.2%), from €138,592 to €112,048
of which Remuneration and social security: -€16,551
- Gross operating margin -€81,723
down €81,723 (-11.9%), from €688,082 to €606,360
- Taxes -€23,220
down €23,220 (-94.4%), from €24,594 to €1,374
- Staff costs +€22,692
up €22,692 (+4.0%), from €560,977 to €583,669
- Financial income -€19,462
down €19,462 (-99.6%), from €19,540 to €78
- Depreciation +€8,495
up €8,495 (+25.2%), from €33,759 to €42,254
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,112,734 | €872,340 | -€240,393 | -21.6% |
| Fixed assets | 21/28 | €182,563 | €145,623 | -€36,940 | -20.2% |
| Tangible fixed assets | 22/27 | €182,203 | €145,263 | -€36,940 | -20.3% |
| Land and buildings | 22 | €106,213 | €86,785 | -€19,428 | -18.3% |
| Plant, machinery and equipment | 23 | €1,586 | €3,139 | +€1,553 | +98.0% |
| Furniture and vehicles | 24 | €74,405 | €55,339 | -€19,065 | -25.6% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €930,171 | €726,717 | -€203,454 | -21.9% |
| Stocks and contracts in progress | 3 | €6,552 | €6,552 | = | 0.0% |
| Stocks | 30/36 | €6,552 | €6,552 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €824,520 | €605,989 | -€218,532 | -26.5% |
| Trade receivables | 40 | €499,522 | €290,013 | -€209,510 | -41.9% |
| Other amounts receivable | 41 | €324,998 | €315,976 | -€9,022 | -2.8% |
| Current investments | 50/53 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €87,941 | €72,400 | -€15,541 | -17.7% |
| Deferred charges and accrued income | 490/1 | €11,157 | €41,776 | +€30,619 | +274% |
| Total equity and liabilities | 10/49 | €1,112,734 | €872,340 | -€240,393 | -21.6% |
| Equity | 10/15 | €282,356 | €233,374 | -€48,982 | -17.3% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €276,155 | €227,173 | -€48,982 | -17.7% |
| Distributable reserves | 133 | €276,155 | €227,173 | -€48,982 | -17.7% |
| Amounts payable | 17/49 | €830,377 | €638,966 | -€191,411 | -23.1% |
| Amounts payable after more than one year | 17 | €195,266 | €140,216 | -€55,050 | -28.2% |
| Financial debts | 170/4 | €195,266 | €140,216 | -€55,050 | -28.2% |
| Amounts payable within one year | 42/48 | €635,112 | €498,750 | -€136,362 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €117,389 | €55,050 | -€62,339 | -53.1% |
| Financial debts | 43 | €162,199 | €168,190 | +€5,991 | +3.7% |
| Credit institutions | 430/8 | €162,199 | €168,190 | +€5,991 | +3.7% |
| Trade debts | 44 | €166,958 | €142,245 | -€24,714 | -14.8% |
| Suppliers | 440/4 | €166,958 | €142,245 | -€24,714 | -14.8% |
| Taxes, remuneration and social security | 45 | €138,592 | €112,048 | -€26,544 | -19.2% |
| Taxes | 450/3 | €36,269 | €26,276 | -€9,993 | -27.6% |
| Remuneration and social security | 454/9 | €102,323 | €85,772 | -€16,551 | -16.2% |
| Other amounts payable | 47/48 | €49,974 | €21,218 | -€28,756 | -57.5% |
| Non-recurring operating income | 76A | €24,434 | - | -€24,434 | |
| Remuneration, social security and pensions | 62 | €560,977 | €583,669 | +€22,692 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,759 | €42,254 | +€8,495 | +25.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,296 | +€1,296 | |
| Other operating charges | 640/8 | €3,897 | €3,696 | -€201 | -5.2% |
| Non-recurring operating charges | 66A | €6,386 | - | -€6,386 | |
| Gross operating margin | 9900 | €688,082 | €606,360 | -€81,723 | -11.9% |
| Operating profit (loss) | 9901 | €83,063 | -€24,555 | -€107,618 | |
| Financial income | 75/76B | €19,540 | €78 | -€19,462 | -99.6% |
| Recurring financial income | 75 | €19,540 | €78 | -€19,462 | -99.6% |
| Financial charges | 65/66B | €31,221 | €23,132 | -€8,089 | -25.9% |
| Recurring financial charges | 65 | €31,221 | €23,132 | -€8,089 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €71,382 | -€47,608 | -€118,991 | |
| Income taxes | 67/77 | €24,594 | €1,374 | -€23,220 | -94.4% |
| Profit (loss) for the period | 9904 | €46,789 | -€48,982 | -€95,771 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,789 | -€48,982 | -€95,771 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.