DYBACO: 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.
DYBACO
Largest movements
- Tangible fixed assets -€41,853
down €41,853 (-54.6%), from €76,662 to €34,809
of which Furniture and vehicles: -€23,435
- Stocks and contracts +€31,154
up €31,154 (+15.2%), from €204,846 to €236,000
- Receivables within one year +€10,732
up €10,732 (+36.0%), from €29,802 to €40,534
of which Trade receivables: +€14,035
- Cash +€7,084
up €7,084 (+39.0%), from €18,156 to €25,239
mainly Trade debts (+€63,386) and Investment in fixed assets (net) (+€23,808)
- Trade debts +€63,386
up €63,386 (+665.5%), from €9,525 to €72,911
- Other debts -€45,594
down €45,594 (-64.0%), from €71,238 to €25,643
- Reserves +€22,528
up €22,528 (+37.1%), from €60,705 to €83,233
- Current portion of long-term debt -€22,267
down €22,267 (-15.6%), from €142,581 to €120,314
- Debts after one year -€7,814
down €7,814 (-59.2%), from €13,206 to €5,392
- Gross operating margin +€28,266
up €28,266 (+33.6%), from €84,079 to €112,345
- Staff costs +€14,753
up €14,753 (+50.6%), from €29,173 to €43,927
- Write-downs -€10,714
down €10,714 (-100.0%), from €10,714 to €0
- Taxes +€6,304
up €6,304 (+271.1%), from €2,325 to €8,628
- Depreciation -€3,400
down €3,400 (-15.9%), from €21,444 to €18,044
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 | €336,406 | €342,420 | +€6,014 | +1.8% |
| Fixed assets | 21/28 | €80,874 | €39,021 | -€41,853 | -51.8% |
| Tangible fixed assets | 22/27 | €76,662 | €34,809 | -€41,853 | -54.6% |
| Land and buildings | 22 | €38,177 | €30,361 | -€7,816 | -20.5% |
| Plant, machinery and equipment | 23 | €15,050 | €4,448 | -€10,602 | -70.4% |
| Furniture and vehicles | 24 | €23,435 | €0 | -€23,435 | -100.0% |
| Financial fixed assets | 28 | €4,212 | €4,212 | = | 0.0% |
| Current assets | 29/58 | €255,532 | €303,399 | +€47,866 | +18.7% |
| Stocks and contracts in progress | 3 | €204,846 | €236,000 | +€31,154 | +15.2% |
| Stocks | 30/36 | €204,846 | €236,000 | +€31,154 | +15.2% |
| Amounts receivable within one year | 40/41 | €29,802 | €40,534 | +€10,732 | +36.0% |
| Trade receivables | 40 | €25,127 | €39,162 | +€14,035 | +55.9% |
| Other amounts receivable | 41 | €4,675 | €1,372 | -€3,304 | -70.7% |
| Cash at bank and in hand | 54/58 | €18,156 | €25,239 | +€7,084 | +39.0% |
| Deferred charges and accrued income | 490/1 | €2,729 | €1,626 | -€1,103 | -40.4% |
| Total equity and liabilities | 10/49 | €336,406 | €342,420 | +€6,014 | +1.8% |
| Equity | 10/15 | €79,305 | €101,833 | +€22,528 | +28.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,705 | €83,233 | +€22,528 | +37.1% |
| Distributable reserves | 133 | €60,705 | €83,233 | +€22,528 | +37.1% |
| Amounts payable | 17/49 | €257,102 | €240,587 | -€16,515 | -6.4% |
| Amounts payable after more than one year | 17 | €13,206 | €5,392 | -€7,814 | -59.2% |
| Financial debts | 170/4 | €13,206 | €5,392 | -€7,814 | -59.2% |
| Amounts payable within one year | 42/48 | €243,896 | €235,195 | -€8,701 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €142,581 | €120,314 | -€22,267 | -15.6% |
| Trade debts | 44 | €9,525 | €72,911 | +€63,386 | +665.5% |
| Suppliers | 440/4 | €9,525 | €72,911 | +€63,386 | +665.5% |
| Taxes, remuneration and social security | 45 | €20,553 | €16,327 | -€4,226 | -20.6% |
| Taxes | 450/3 | €18,169 | €7,263 | -€10,906 | -60.0% |
| Remuneration and social security | 454/9 | €2,384 | €9,064 | +€6,680 | +280.2% |
| Other amounts payable | 47/48 | €71,238 | €25,643 | -€45,594 | -64.0% |
| Non-recurring operating income | 76A | €750 | €496 | -€254 | -33.9% |
| Remuneration, social security and pensions | 62 | €29,173 | €43,927 | +€14,753 | +50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,444 | €18,044 | -€3,400 | -15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,714 | €0 | -€10,714 | -100.0% |
| Other operating charges | 640/8 | €5,741 | €3,872 | -€1,869 | -32.6% |
| Non-recurring operating charges | 66A | €324 | €5,104 | +€4,781 | +1476.1% |
| Gross operating margin | 9900 | €84,079 | €112,345 | +€28,266 | +33.6% |
| Operating profit (loss) | 9901 | €16,683 | €41,398 | +€24,715 | +148.1% |
| Financial income | 75/76B | €344 | €359 | +€15 | +4.4% |
| Recurring financial income | 75 | €344 | €359 | +€15 | +4.4% |
| Financial charges | 65/66B | €9,438 | €10,600 | +€1,162 | +12.3% |
| Recurring financial charges | 65 | €9,438 | €10,600 | +€1,162 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €7,589 | €31,156 | +€23,568 | +310.6% |
| Income taxes | 67/77 | €2,325 | €8,628 | +€6,304 | +271.1% |
| Profit (loss) for the period | 9904 | €5,264 | €22,528 | +€17,264 | +328.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,264 | €22,528 | +€17,264 | +328.0% |
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 11 October 2026 via checked.be.