D.C.M.: 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.
D.C.M.
Largest movements
- Tangible fixed assets -€56,186
down €56,186 (-16.9%), from €331,590 to €275,403
of which Land and buildings: -€29,330
- Receivables within one year +€11,696
up €11,696 (+9.3%), from €126,031 to €137,726
of which Trade receivables: +€10,476
- Debts after one year -€34,788
down €34,788 (-33.5%), from €103,937 to €69,148
- Current portion of long-term debt -€29,264
down €29,264 (-65.3%), from €44,816 to €15,552
- Trade debts +€17,449
up €17,449 (+65.8%), from €26,517 to €43,967
- Reserves +€11,516
up €11,516 (+5.6%), from €205,121 to €216,636
- Short-term financial debts -€9,343
down €9,343 (-23.0%), from €40,673 to €31,330
- Gross operating margin +€48,279
up €48,279 (+18.2%), from €265,257 to €313,536
- Depreciation -€17,058
down €17,058 (-28.0%), from €60,849 to €43,792
- Other operating charges +€4,836
up €4,836 (+109.7%), from €4,408 to €9,245
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €485,817 | €438,334 | -€47,482 | -9.8% |
| Fixed assets | 21/28 | €331,590 | €275,403 | -€56,186 | -16.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €331,590 | €275,403 | -€56,186 | -16.9% |
| Land and buildings | 22 | €264,467 | €235,137 | -€29,330 | -11.1% |
| Plant, machinery and equipment | 23 | €45,184 | €32,755 | -€12,429 | -27.5% |
| Furniture and vehicles | 24 | €21,939 | €7,511 | -€14,428 | -65.8% |
| Current assets | 29/58 | €154,227 | €162,931 | +€8,704 | +5.6% |
| Stocks and contracts in progress | 3 | €14,847 | €11,223 | -€3,625 | -24.4% |
| Stocks | 30/36 | €14,847 | €11,223 | -€3,625 | -24.4% |
| Amounts receivable within one year | 40/41 | €126,031 | €137,726 | +€11,696 | +9.3% |
| Trade receivables | 40 | €9,847 | €20,323 | +€10,476 | +106.4% |
| Other amounts receivable | 41 | €116,184 | €117,404 | +€1,220 | +1.0% |
| Cash at bank and in hand | 54/58 | €7,887 | €8,999 | +€1,112 | +14.1% |
| Deferred charges and accrued income | 490/1 | €5,462 | €4,983 | -€479 | -8.8% |
| Total equity and liabilities | 10/49 | €485,817 | €438,334 | -€47,482 | -9.8% |
| Equity | 10/15 | €236,107 | €247,623 | +€11,516 | +4.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €205,121 | €216,636 | +€11,516 | +5.6% |
| Distributable reserves | 133 | €205,121 | €216,636 | +€11,516 | +5.6% |
| Amounts payable | 17/49 | €249,710 | €190,711 | -€58,998 | -23.6% |
| Amounts payable after more than one year | 17 | €103,937 | €69,148 | -€34,788 | -33.5% |
| Financial debts | 170/4 | €103,937 | €69,148 | -€34,788 | -33.5% |
| Amounts payable within one year | 42/48 | €145,773 | €120,563 | -€25,210 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €44,816 | €15,552 | -€29,264 | -65.3% |
| Financial debts | 43 | €40,673 | €31,330 | -€9,343 | -23.0% |
| Credit institutions | 430/8 | €40,673 | €31,330 | -€9,343 | -23.0% |
| Trade debts | 44 | €26,517 | €43,967 | +€17,449 | +65.8% |
| Suppliers | 440/4 | €26,517 | €43,967 | +€17,449 | +65.8% |
| Taxes, remuneration and social security | 45 | €31,705 | €26,614 | -€5,091 | -16.1% |
| Taxes | 450/3 | €16,044 | €11,045 | -€4,999 | -31.2% |
| Remuneration and social security | 454/9 | €15,661 | €15,569 | -€92 | -0.6% |
| Other amounts payable | 47/48 | €2,062 | €3,100 | +€1,038 | +50.3% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €243,520 | €240,566 | -€2,954 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,849 | €43,792 | -€17,058 | -28.0% |
| Other operating charges | 640/8 | €4,408 | €9,245 | +€4,836 | +109.7% |
| Non-recurring operating charges | 66A | €147 | - | -€147 | |
| Gross operating margin | 9900 | €265,257 | €313,536 | +€48,279 | +18.2% |
| Operating profit (loss) | 9901 | -€43,667 | €19,934 | +€63,600 | |
| Financial income | 75/76B | €12 | €3 | -€9 | -78.5% |
| Recurring financial income | 75 | €12 | €3 | -€9 | -78.5% |
| Financial charges | 65/66B | €7,149 | €7,586 | +€437 | +6.1% |
| Recurring financial charges | 65 | €7,149 | €7,586 | +€437 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€50,803 | €12,350 | +€63,154 | |
| Income taxes | 67/77 | €970 | €835 | -€135 | -13.9% |
| Profit (loss) for the period | 9904 | -€51,773 | €11,516 | +€63,289 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,773 | €11,516 | +€63,289 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.