DISCEPOLI: 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.
DISCEPOLI
Largest movements
- Cash +€118,812
up €118,812 (+16.6%), from €713,850 to €832,662
mainly Net result for the year (+€209,822) and Other debts (+€73,749)
- Tangible fixed assets -€37,341
down €37,341 (-18.7%), from €199,654 to €162,312
of which Furniture and vehicles: -€19,572
- Receivables within one year -€12,582
down €12,582 (-62.9%), from €20,015 to €7,433
of which Other amounts receivable: -€10,834
- Other debts +€73,749
up €73,749 (+60.5%), from €121,800 to €195,548
- Short-term financial debts -€16,456
no longer reported in 2025 (was €16,456)
- Gross operating margin +€82,175
up €82,175 (+21.5%), from €382,220 to €464,395
- Taxes +€21,535
up €21,535 (+28.2%), from €76,453 to €97,988
- Staff costs +€12,408
up €12,408 (+12.2%), from €101,841 to €114,249
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 | €935,794 | €1,006,471 | +€70,676 | +7.6% |
| Fixed assets | 21/28 | €199,654 | €162,312 | -€37,341 | -18.7% |
| Tangible fixed assets | 22/27 | €199,654 | €162,312 | -€37,341 | -18.7% |
| Land and buildings | 22 | €120,000 | €108,000 | -€12,000 | -10.0% |
| Plant, machinery and equipment | 23 | €1,009 | €864 | -€145 | -14.4% |
| Furniture and vehicles | 24 | €44,000 | €24,428 | -€19,572 | -44.5% |
| Other tangible fixed assets | 26 | €34,645 | €29,021 | -€5,624 | -16.2% |
| Current assets | 29/58 | €736,141 | €844,159 | +€108,018 | +14.7% |
| Amounts receivable within one year | 40/41 | €20,015 | €7,433 | -€12,582 | -62.9% |
| Trade receivables | 40 | €5,024 | €3,275 | -€1,749 | -34.8% |
| Other amounts receivable | 41 | €14,992 | €4,158 | -€10,834 | -72.3% |
| Cash at bank and in hand | 54/58 | €713,850 | €832,662 | +€118,812 | +16.6% |
| Deferred charges and accrued income | 490/1 | €2,275 | €4,064 | +€1,788 | +78.6% |
| Total equity and liabilities | 10/49 | €935,794 | €1,006,471 | +€70,676 | +7.6% |
| Equity | 10/15 | €722,581 | €727,480 | +€4,899 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €703,866 | €708,766 | +€4,899 | +0.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €702,006 | €706,906 | +€4,899 | +0.7% |
| Profit (loss) carried forward | 14 | €6,314 | €6,314 | = | 0.0% |
| Amounts payable | 17/49 | €213,214 | €278,991 | +€65,777 | +30.9% |
| Amounts payable within one year | 42/48 | €212,959 | €278,736 | +€65,777 | +30.9% |
| Financial debts | 43 | €16,456 | - | -€16,456 | |
| Credit institutions | 430/8 | €16,456 | - | -€16,456 | |
| Trade debts | 44 | - | €1,528 | +€1,528 | |
| Suppliers | 440/4 | - | €1,528 | +€1,528 | |
| Taxes, remuneration and social security | 45 | €74,704 | €81,660 | +€6,957 | +9.3% |
| Taxes | 450/3 | €56,525 | €59,261 | +€2,736 | +4.8% |
| Remuneration and social security | 454/9 | €18,179 | €22,400 | +€4,221 | +23.2% |
| Other amounts payable | 47/48 | €121,800 | €195,548 | +€73,749 | +60.5% |
| Accrued charges and deferred income | 492/3 | €254 | €254 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €101,841 | €114,249 | +€12,408 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,260 | €37,341 | -€1,919 | -4.9% |
| Other operating charges | 640/8 | €5,074 | €4,995 | -€79 | -1.6% |
| Gross operating margin | 9900 | €382,220 | €464,395 | +€82,175 | +21.5% |
| Operating profit (loss) | 9901 | €236,044 | €307,810 | +€71,766 | +30.4% |
| Financial charges | 65/66B | €95 | - | -€95 | |
| Recurring financial charges | 65 | €95 | - | -€95 | |
| Profit (loss) for the period before taxes | 9903 | €235,950 | €307,810 | +€71,860 | +30.5% |
| Income taxes | 67/77 | €76,453 | €97,988 | +€21,535 | +28.2% |
| Profit (loss) for the period | 9904 | €159,497 | €209,822 | +€50,325 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €159,497 | €209,822 | +€50,325 | +31.6% |
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 21 October 2026 via checked.be.