Group DC: 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.
Group DC
Largest movements
- Stocks and contracts -€63,473
down €63,473 (-58.4%), from €108,719 to €45,246
of which Contracts in progress: -€69,630
- Cash +€18,414
up €18,414 (+151.1%), from €12,186 to €30,600
mainly Stocks and contracts (+€63,473) and Net result for the year (+€32,650)
- Receivables within one year +€14,345
up €14,345 (+23.8%), from €60,206 to €74,551
of which Trade receivables: +€9,529
- Tangible fixed assets +€12,844
up €12,844 (+173.3%), from €7,413 to €20,257
of which Furniture and vehicles: +€9,869
- Deferred charges and accrued income -€3,723
down €3,723 (-45.6%), from €8,159 to €4,436
- Trade debts -€54,725
down €54,725 (-75.5%), from €72,479 to €17,754
- Other debts +€26,914
up €26,914 (+336.4%), from €8,000 to €34,914
- Short-term financial debts +€7,500
new in 2025: €7,500
- Advances received +€3,255
new in 2025: €3,255
- Tax, wage and social debts -€2,273
down €2,273 (-30.3%), from €7,515 to €5,242
- Gross operating margin +€4,139
up €4,139 (+7.3%), from €56,889 to €61,028
- Depreciation +€1,825
up €1,825 (+42.8%), from €4,269 to €6,094
- Other operating charges +€1,720
up €1,720 (+38.9%), from €4,419 to €6,139
- Financial charges +€744
up €744 (+20.0%), from €3,728 to €4,473
- Taxes +€615
up €615 (+5.2%), from €11,919 to €12,534
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 | €198,003 | €176,410 | -€21,593 | -10.9% |
| Fixed assets | 21/28 | €8,733 | €21,577 | +€12,844 | +147.1% |
| Tangible fixed assets | 22/27 | €7,413 | €20,257 | +€12,844 | +173.3% |
| Plant, machinery and equipment | 23 | €7,006 | €9,981 | +€2,975 | +42.5% |
| Furniture and vehicles | 24 | €408 | €10,276 | +€9,869 | +2421.3% |
| Financial fixed assets | 28 | €1,320 | €1,320 | = | 0.0% |
| Current assets | 29/58 | €189,269 | €154,833 | -€34,437 | -18.2% |
| Stocks and contracts in progress | 3 | €108,719 | €45,246 | -€63,473 | -58.4% |
| Stocks | 30/36 | €37,739 | €43,896 | +€6,157 | +16.3% |
| Contracts in progress | 37 | €70,980 | €1,350 | -€69,630 | -98.1% |
| Amounts receivable within one year | 40/41 | €60,206 | €74,551 | +€14,345 | +23.8% |
| Trade receivables | 40 | €43,213 | €52,742 | +€9,529 | +22.1% |
| Other amounts receivable | 41 | €16,994 | €21,809 | +€4,816 | +28.3% |
| Cash at bank and in hand | 54/58 | €12,186 | €30,600 | +€18,414 | +151.1% |
| Deferred charges and accrued income | 490/1 | €8,159 | €4,436 | -€3,723 | -45.6% |
| Total equity and liabilities | 10/49 | €198,003 | €176,410 | -€21,593 | -10.9% |
| Equity | 10/15 | €110,009 | €107,745 | -€2,264 | -2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,809 | €101,545 | -€2,264 | -2.2% |
| 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 | €101,949 | €99,685 | -€2,264 | -2.2% |
| Amounts payable | 17/49 | €87,994 | €68,665 | -€19,329 | -22.0% |
| Amounts payable within one year | 42/48 | €87,994 | €68,665 | -€19,329 | -22.0% |
| Financial debts | 43 | - | €7,500 | +€7,500 | |
| Credit institutions | 430/8 | - | €7,500 | +€7,500 | |
| Trade debts | 44 | €72,479 | €17,754 | -€54,725 | -75.5% |
| Suppliers | 440/4 | €72,479 | €17,754 | -€54,725 | -75.5% |
| Advances received on contracts in progress | 46 | - | €3,255 | +€3,255 | |
| Taxes, remuneration and social security | 45 | €7,515 | €5,242 | -€2,273 | -30.3% |
| Taxes | 450/3 | €7,515 | €5,242 | -€2,273 | -30.3% |
| Other amounts payable | 47/48 | €8,000 | €34,914 | +€26,914 | +336.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,269 | €6,094 | +€1,825 | +42.8% |
| Other operating charges | 640/8 | €4,419 | €6,139 | +€1,720 | +38.9% |
| Gross operating margin | 9900 | €56,889 | €61,028 | +€4,139 | +7.3% |
| Operating profit (loss) | 9901 | €48,201 | €48,795 | +€594 | +1.2% |
| Financial income | 75/76B | €1,035 | €862 | -€173 | -16.7% |
| Recurring financial income | 75 | €1,035 | €862 | -€173 | -16.7% |
| Financial charges | 65/66B | €3,728 | €4,473 | +€744 | +20.0% |
| Recurring financial charges | 65 | €3,728 | €4,473 | +€744 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €45,507 | €45,184 | -€323 | -0.7% |
| Income taxes | 67/77 | €11,919 | €12,534 | +€615 | +5.2% |
| Profit (loss) for the period | 9904 | €33,589 | €32,650 | -€938 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,589 | €32,650 | -€938 | -2.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.