DISCAM: 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.
DISCAM
Largest movements
- Cash -€44,242
down €44,242 (-11.4%), from €387,242 to €343,000
mainly Trade debts (-€42,798) and Receivables within one year (-€33,215)
- Stocks and contracts -€38,985
down €38,985 (-15.9%), from €245,658 to €206,673
- Receivables within one year +€33,215
up €33,215 (+35.4%), from €93,935 to €127,149
of which Other amounts receivable: +€41,041
- Tangible fixed assets -€19,204
down €19,204 (-21.7%), from €88,620 to €69,416
of which Plant, machinery and equipment: -€11,175
- Deferred charges and accrued income +€8,801
up €8,801 (+51.8%), from €16,998 to €25,799
- Trade debts -€42,798
down €42,798 (-10.6%), from €405,355 to €362,557
- Current portion of long-term debt -€16,276
down €16,276 (-79.0%), from €20,611 to €4,335
- Profit (loss) carried forward +€11,887
up €11,887 (+5.6%), from €212,674 to €224,560
- Tax, wage and social debts -€11,414
down €11,414 (-17.6%), from €64,989 to €53,575
of which Remuneration and social security: -€10,443
- Staff costs +€60,824
up €60,824 (+22.2%), from €273,796 to €334,619
- Gross operating margin +€59,736
up €59,736 (+17.0%), from €351,544 to €411,280
- Depreciation +€20,123
up €20,123 (+290%), from €6,934 to €27,057
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €832,453 | €772,037 | -€60,416 | -7.3% |
| Fixed assets | 21/28 | €88,620 | €69,416 | -€19,204 | -21.7% |
| Tangible fixed assets | 22/27 | €88,620 | €69,416 | -€19,204 | -21.7% |
| Plant, machinery and equipment | 23 | €44,229 | €33,054 | -€11,175 | -25.3% |
| Furniture and vehicles | 24 | €44,391 | €36,362 | -€8,029 | -18.1% |
| Current assets | 29/58 | €743,833 | €702,622 | -€41,212 | -5.5% |
| Stocks and contracts in progress | 3 | €245,658 | €206,673 | -€38,985 | -15.9% |
| Stocks | 30/36 | €245,658 | €206,673 | -€38,985 | -15.9% |
| Amounts receivable within one year | 40/41 | €93,935 | €127,149 | +€33,215 | +35.4% |
| Trade receivables | 40 | €50,296 | €42,470 | -€7,826 | -15.6% |
| Other amounts receivable | 41 | €43,639 | €84,680 | +€41,041 | +94.0% |
| Cash at bank and in hand | 54/58 | €387,242 | €343,000 | -€44,242 | -11.4% |
| Deferred charges and accrued income | 490/1 | €16,998 | €25,799 | +€8,801 | +51.8% |
| Total equity and liabilities | 10/49 | €832,453 | €772,037 | -€60,416 | -7.3% |
| Equity | 10/15 | €320,254 | €332,141 | +€11,887 | +3.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €45,581 | €45,581 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,145 | €6,145 | = | 0.0% |
| Legal reserve | 130 | €6,145 | €6,145 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,936 | €1,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,674 | €224,560 | +€11,887 | +5.6% |
| Amounts payable | 17/49 | €512,199 | €439,896 | -€72,302 | -14.1% |
| Amounts payable after more than one year | 17 | €4,335 | - | -€4,335 | |
| Financial debts | 170/4 | €4,335 | - | -€4,335 | |
| Amounts payable within one year | 42/48 | €505,095 | €437,127 | -€67,968 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €20,611 | €4,335 | -€16,276 | -79.0% |
| Trade debts | 44 | €405,355 | €362,557 | -€42,798 | -10.6% |
| Suppliers | 440/4 | €405,355 | €362,557 | -€42,798 | -10.6% |
| Taxes, remuneration and social security | 45 | €64,989 | €53,575 | -€11,414 | -17.6% |
| Taxes | 450/3 | €14,105 | €13,135 | -€971 | -6.9% |
| Remuneration and social security | 454/9 | €50,883 | €40,440 | -€10,443 | -20.5% |
| Other amounts payable | 47/48 | €14,141 | €16,661 | +€2,520 | +17.8% |
| Accrued charges and deferred income | 492/3 | €2,769 | €2,769 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €273,796 | €334,619 | +€60,824 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,934 | €27,057 | +€20,123 | +290% |
| Other operating charges | 640/8 | €20,203 | €17,905 | -€2,298 | -11.4% |
| Gross operating margin | 9900 | €351,544 | €411,280 | +€59,736 | +17.0% |
| Operating profit (loss) | 9901 | €50,612 | €31,698 | -€18,913 | -37.4% |
| Financial income | 75/76B | €933 | €1,524 | +€590 | +63.3% |
| Recurring financial income | 75 | €933 | €1,524 | +€590 | +63.3% |
| Financial charges | 65/66B | €13,392 | €13,606 | +€214 | +1.6% |
| Recurring financial charges | 65 | €13,392 | €13,606 | +€214 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €38,153 | €19,616 | -€18,537 | -48.6% |
| Income taxes | 67/77 | €10,524 | €7,730 | -€2,794 | -26.5% |
| Profit (loss) for the period | 9904 | €27,630 | €11,887 | -€15,743 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,630 | €11,887 | -€15,743 | -57.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.