DLC: 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.
DLC
Largest movements
- Cash -€47,545
down €47,545 (-99.6%), from €47,745 to €200
mainly Debts after one year (-€57,773) and Receivables within one year (-€32,854)
- Intangible fixed assets -€34,921
down €34,921 (-35.4%), from €98,741 to €63,821
- Receivables within one year +€32,854
up €32,854 (+38.0%), from €86,453 to €119,307
of which Trade receivables: +€40,072
- Stocks and contracts +€29,824
up €29,824 (+25.5%), from €116,951 to €146,775
- Tangible fixed assets -€27,486
down €27,486 (-6.3%), from €435,215 to €407,729
of which Land and buildings: -€23,308
- Debts after one year -€57,773
down €57,773 (-17.5%), from €329,266 to €271,493
- Tax, wage and social debts -€16,817
down €16,817 (-33.2%), from €50,711 to €33,893
of which Remuneration and social security: -€31,698
- Profit (loss) carried forward +€15,636
up €15,636 (+12.7%), from -€123,498 to -€107,861
- Staff costs -€11,020
down €11,020 (-5.3%), from €206,913 to €195,893
- Depreciation -€5,387
down €5,387 (-7.3%), from €73,791 to €68,404
- Financial charges -€3,613
down €3,613 (-13.4%), from €26,911 to €23,297
of which Financial charges: -€3,400
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.
Cash bridge derived
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 | €785,465 | €738,191 | -€47,274 | -6.0% |
| Fixed assets | 21/28 | €534,316 | €471,910 | -€62,406 | -11.7% |
| Intangible fixed assets | 21 | €98,741 | €63,821 | -€34,921 | -35.4% |
| Tangible fixed assets | 22/27 | €435,215 | €407,729 | -€27,486 | -6.3% |
| Land and buildings | 22 | €402,155 | €378,846 | -€23,308 | -5.8% |
| Plant, machinery and equipment | 23 | €2,285 | €147 | -€2,138 | -93.6% |
| Furniture and vehicles | 24 | €4,159 | €8,034 | +€3,875 | +93.2% |
| Leasing and similar rights | 25 | €26,617 | €20,702 | -€5,915 | -22.2% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €251,149 | €266,281 | +€15,132 | +6.0% |
| Stocks and contracts in progress | 3 | €116,951 | €146,775 | +€29,824 | +25.5% |
| Stocks | 30/36 | €116,951 | €146,775 | +€29,824 | +25.5% |
| Amounts receivable within one year | 40/41 | €86,453 | €119,307 | +€32,854 | +38.0% |
| Trade receivables | 40 | €77,151 | €117,223 | +€40,072 | +51.9% |
| Other amounts receivable | 41 | €9,302 | €2,083 | -€7,218 | -77.6% |
| Cash at bank and in hand | 54/58 | €47,745 | €200 | -€47,545 | -99.6% |
| Total equity and liabilities | 10/49 | €785,465 | €738,191 | -€47,274 | -6.0% |
| Equity | 10/15 | €82,707 | €98,344 | +€15,636 | +18.9% |
| Contributions | 10/11 | €193,550 | €193,550 | = | 0.0% |
| Reserves | 13 | €12,655 | €12,655 | = | 0.0% |
| Distributable reserves | 133 | €12,655 | €12,655 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,498 | -€107,861 | +€15,636 | +12.7% |
| Amounts payable | 17/49 | €702,758 | €639,847 | -€62,910 | -9.0% |
| Amounts payable after more than one year | 17 | €329,266 | €271,493 | -€57,773 | -17.5% |
| Financial debts | 170/4 | €329,266 | €271,493 | -€57,773 | -17.5% |
| Amounts payable within one year | 42/48 | €373,492 | €368,354 | -€5,138 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €51,581 | €57,190 | +€5,609 | +10.9% |
| Financial debts | 43 | €75,000 | €80,810 | +€5,810 | +7.7% |
| Credit institutions | 430/8 | €75,000 | €80,810 | +€5,810 | +7.7% |
| Trade debts | 44 | €50,373 | €50,506 | +€132 | +0.3% |
| Suppliers | 440/4 | €50,373 | €50,506 | +€132 | +0.3% |
| Taxes, remuneration and social security | 45 | €50,711 | €33,893 | -€16,817 | -33.2% |
| Taxes | 450/3 | - | €14,880 | +€14,880 | |
| Remuneration and social security | 454/9 | €50,711 | €19,013 | -€31,698 | -62.5% |
| Other amounts payable | 47/48 | €145,827 | €145,956 | +€128 | +0.1% |
| Remuneration, social security and pensions | 62 | €206,913 | €195,893 | -€11,020 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,791 | €68,404 | -€5,387 | -7.3% |
| Other operating charges | 640/8 | €2,828 | €5,608 | +€2,781 | +98.3% |
| Gross operating margin | 9900 | €308,806 | €308,168 | -€638 | -0.2% |
| Operating profit (loss) | 9901 | €25,274 | €38,263 | +€12,989 | +51.4% |
| Financial income | 75/76B | €368 | €847 | +€480 | +130.4% |
| Recurring financial income | 75 | €368 | €847 | +€480 | +130.4% |
| Financial charges | 65/66B | €26,911 | €23,297 | -€3,613 | -13.4% |
| Recurring financial charges | 65 | €26,698 | €23,297 | -€3,400 | -12.7% |
| Non-recurring financial charges | 66B | €213 | - | -€213 | |
| Profit (loss) for the period before taxes | 9903 | -€1,270 | €15,813 | +€17,082 | |
| Income taxes | 67/77 | - | €176 | +€176 | |
| Profit (loss) for the period | 9904 | -€1,270 | €15,636 | +€16,906 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,270 | €15,636 | +€16,906 |
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 12 October 2026 via checked.be.