DYCO: what changed
Two fiscal 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.
DYCO
Largest movements
- Receivables within one year -€110,291
down €110,291 (-54.6%), from €201,870 to €91,579
of which Other amounts receivable: -€91,844
- Cash -€30,701
down €30,701 (-44.8%), from €68,539 to €37,838
mainly Short-term financial debts (-€103,381) and Net result for the year (-€39,411)
- Tangible fixed assets -€15,001
down €15,001 (-18.2%), from €82,203 to €67,203
of which Plant, machinery and equipment: -€9,192
- Intangible fixed assets -€14,044
down €14,044 (-10.7%), from €131,754 to €117,710
- Deferred charges and accrued income -€9,224
down €9,224 (-33.1%), from €27,849 to €18,625
- Short-term financial debts -€103,381
down €103,381 (-100.0%), from €103,381 to €0
- Profit (loss) carried forward -€39,411
down €39,411 (-81.3%), from €48,462 to €9,051
- Trade debts -€30,159
down €30,159 (-53.9%), from €55,972 to €25,813
- Gross operating margin +€87,237
up €87,237 (+55.8%), from €156,265 to €243,502
- Other operating charges -€9,055
down €9,055 (-88.5%), from €10,233 to €1,178
- Staff costs +€4,829
up €4,829 (+3.7%), from €131,462 to €136,291
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 | €587,980 | €412,801 | -€175,179 | -29.8% |
| Fixed assets | 21/28 | €213,957 | €184,912 | -€29,045 | -13.6% |
| Intangible fixed assets | 21 | €131,754 | €117,710 | -€14,044 | -10.7% |
| Tangible fixed assets | 22/27 | €82,203 | €67,203 | -€15,001 | -18.2% |
| Plant, machinery and equipment | 23 | €64,642 | €55,450 | -€9,192 | -14.2% |
| Furniture and vehicles | 24 | €5,643 | €2,027 | -€3,616 | -64.1% |
| Other tangible fixed assets | 26 | €11,918 | €9,725 | -€2,193 | -18.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €374,022 | €227,888 | -€146,134 | -39.1% |
| Stocks and contracts in progress | 3 | €75,765 | €79,846 | +€4,081 | +5.4% |
| Stocks | 30/36 | €75,765 | €79,846 | +€4,081 | +5.4% |
| Amounts receivable within one year | 40/41 | €201,870 | €91,579 | -€110,291 | -54.6% |
| Trade receivables | 40 | €70,076 | €51,629 | -€18,446 | -26.3% |
| Other amounts receivable | 41 | €131,794 | €39,950 | -€91,844 | -69.7% |
| Cash at bank and in hand | 54/58 | €68,539 | €37,838 | -€30,701 | -44.8% |
| Deferred charges and accrued income | 490/1 | €27,849 | €18,625 | -€9,224 | -33.1% |
| Total equity and liabilities | 10/49 | €587,980 | €412,801 | -€175,179 | -29.8% |
| Equity | 10/15 | €332,725 | €293,315 | -€39,411 | -11.8% |
| Contributions | 10/11 | €256,922 | €256,922 | = | 0.0% |
| Capital | 10 | €256,922 | €256,922 | = | 0.0% |
| Issued capital | 100 | €256,922 | €256,922 | = | 0.0% |
| Reserves | 13 | €27,341 | €27,341 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,823 | €12,823 | = | 0.0% |
| Legal reserve | 130 | €12,823 | €12,823 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,519 | €14,519 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,462 | €9,051 | -€39,411 | -81.3% |
| Amounts payable | 17/49 | €255,254 | €119,486 | -€135,768 | -53.2% |
| Amounts payable after more than one year | 17 | €77,735 | €75,000 | -€2,735 | -3.5% |
| Financial debts | 170/4 | €77,735 | €75,000 | -€2,735 | -3.5% |
| Amounts payable within one year | 42/48 | €177,519 | €44,486 | -€133,034 | -74.9% |
| Current portion of amounts payable after more than one year | 42 | €2,621 | €2,735 | +€114 | +4.3% |
| Financial debts | 43 | €103,381 | €0 | -€103,381 | -100.0% |
| Credit institutions | 430/8 | €103,381 | €0 | -€103,381 | -100.0% |
| Trade debts | 44 | €55,972 | €25,813 | -€30,159 | -53.9% |
| Suppliers | 440/4 | €55,972 | €25,813 | -€30,159 | -53.9% |
| Taxes, remuneration and social security | 45 | €15,546 | €15,938 | +€392 | +2.5% |
| Taxes | 450/3 | €1,365 | €865 | -€500 | -36.6% |
| Remuneration and social security | 454/9 | €14,181 | €15,073 | +€892 | +6.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €12,484 | €62,698 | +€50,213 | +402.2% |
| Remuneration, social security and pensions | 62 | €131,462 | €136,291 | +€4,829 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,180 | €44,045 | +€1,865 | +4.4% |
| Other operating charges | 640/8 | €10,233 | €1,178 | -€9,055 | -88.5% |
| Non-recurring operating charges | 66A | €0 | €95,562 | +€95,562 | |
| Gross operating margin | 9900 | €156,265 | €243,502 | +€87,237 | +55.8% |
| Operating profit (loss) | 9901 | -€27,610 | -€33,574 | -€5,964 | -21.6% |
| Financial income | 75/76B | €1,203 | €2,968 | +€1,766 | +146.9% |
| Recurring financial income | 75 | €1,203 | €2,968 | +€1,766 | +146.9% |
| Financial charges | 65/66B | €5,904 | €7,692 | +€1,789 | +30.3% |
| Recurring financial charges | 65 | €5,904 | €7,692 | +€1,789 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,311 | -€38,298 | -€5,987 | -18.5% |
| Income taxes | 67/77 | €1,406 | €1,113 | -€293 | -20.9% |
| Profit (loss) for the period | 9904 | -€33,717 | -€39,411 | -€5,694 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,717 | -€39,411 | -€5,694 | -16.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.