DIECOBEL: what changed
DIECOBEL
Largest movements
- Cash +€306,470
up €306,470 (+187%), from €163,458 to €469,929
mainly Receivables within one year (+€132,009) and Net result for the year (+€114,335)
- Financial fixed assets +€217,600
up €217,600 (+25.6%), from €850,000 to €1.1m
- Receivables within one year -€132,009
down €132,009 (-71.9%), from €183,528 to €51,519
of which Other amounts receivable: -€123,498
- Tangible fixed assets -€45,967
down €45,967 (-17.7%), from €259,320 to €213,353
of which Land and buildings: -€42,369
- Reserves +€113,502
up €113,502 (+7.7%), from €1.5m to €1.6m
of which Distributable reserves: +€353,472
- Debts after one year +€106,798
up €106,798 (+23.8%), from €448,663 to €555,462
of which Financial debts: +€55,374
- Trade debts +€55,278
up €55,278 (+946%), from €5,843 to €61,121
- Tax, wage and social debts +€29,165
up €29,165 (+82.5%), from €35,336 to €64,501
of which Taxes: +€28,467
- Write-downs -€57,724
down €57,724, from €12,409 to -€45,316
- Gross operating margin +€30,314
up €30,314 (+10.1%), from €301,498 to €331,812
- Taxes +€29,004
up €29,004 (+57.7%), from €50,297 to €79,301
- Financial charges +€16,418
up €16,418 (+44.0%), from €37,304 to €53,722
- Staff costs +€11,618
up €11,618 (+22.0%), from €52,844 to €64,462
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,028,921 | €2,361,055 | +€332,134 | +16.4% |
| Fixed assets | 21/28 | €1,132,550 | €1,307,079 | +€174,528 | +15.4% |
| Intangible fixed assets | 21 | €23,230 | €26,126 | +€2,896 | +12.5% |
| Tangible fixed assets | 22/27 | €259,320 | €213,353 | -€45,967 | -17.7% |
| Land and buildings | 22 | €217,984 | €175,615 | -€42,369 | -19.4% |
| Plant, machinery and equipment | 23 | - | €2,554 | +€2,554 | |
| Furniture and vehicles | 24 | €41,336 | €35,185 | -€6,152 | -14.9% |
| Financial fixed assets | 28 | €850,000 | €1,067,600 | +€217,600 | +25.6% |
| Current assets | 29/58 | €896,370 | €1,053,976 | +€157,605 | +17.6% |
| Stocks and contracts in progress | 3 | €543,601 | €526,706 | -€16,895 | -3.1% |
| Stocks | 30/36 | €543,601 | €526,706 | -€16,895 | -3.1% |
| Amounts receivable within one year | 40/41 | €183,528 | €51,519 | -€132,009 | -71.9% |
| Trade receivables | 40 | €50,255 | €41,744 | -€8,511 | -16.9% |
| Other amounts receivable | 41 | €133,273 | €9,775 | -€123,498 | -92.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €163,458 | €469,929 | +€306,470 | +187% |
| Deferred charges and accrued income | 490/1 | €5,783 | €5,822 | +€39 | +0.7% |
| Total equity and liabilities | 10/49 | €2,028,921 | €2,361,055 | +€332,134 | +16.4% |
| Equity | 10/15 | €1,498,494 | €1,611,996 | +€113,502 | +7.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,478,494 | €1,591,996 | +€113,502 | +7.7% |
| Tax-exempt reserves | 132 | €311,540 | €71,570 | -€239,970 | -77.0% |
| Distributable reserves | 133 | €1,166,954 | €1,520,426 | +€353,472 | +30.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €530,427 | €749,058 | +€218,632 | +41.2% |
| Amounts payable after more than one year | 17 | €448,663 | €555,462 | +€106,798 | +23.8% |
| Financial debts | 170/4 | €16,062 | €71,436 | +€55,374 | +345% |
| Other amounts payable | 178/9 | €432,602 | €484,026 | +€51,424 | +11.9% |
| Amounts payable within one year | 42/48 | €81,764 | €193,582 | +€111,819 | +137% |
| Current portion of amounts payable after more than one year | 42 | €16,853 | €27,413 | +€10,560 | +62.7% |
| Trade debts | 44 | €5,843 | €61,121 | +€55,278 | +946% |
| Suppliers | 440/4 | €5,843 | €61,121 | +€55,278 | +946% |
| Taxes, remuneration and social security | 45 | €35,336 | €64,501 | +€29,165 | +82.5% |
| Taxes | 450/3 | €29,992 | €58,459 | +€28,467 | +94.9% |
| Remuneration and social security | 454/9 | €5,344 | €6,042 | +€698 | +13.1% |
| Other amounts payable | 47/48 | €23,732 | €40,547 | +€16,815 | +70.9% |
| Accrued charges and deferred income | 492/3 | €0 | €15 | +€15 | |
| Non-recurring operating income | 76A | €3,719 | €0 | -€3,719 | -100% |
| Remuneration, social security and pensions | 62 | €52,844 | €64,462 | +€11,618 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,481 | €58,684 | -€797 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,409 | -€45,316 | -€57,724 | |
| Other operating charges | 640/8 | €18,121 | €20,574 | +€2,453 | +13.5% |
| Gross operating margin | 9900 | €301,498 | €331,812 | +€30,314 | +10.1% |
| Operating profit (loss) | 9901 | €158,643 | €233,407 | +€74,764 | +47.1% |
| Financial income | 75/76B | €22,516 | €13,951 | -€8,565 | -38.0% |
| Recurring financial income | 75 | €22,516 | €13,951 | -€8,565 | -38.0% |
| Financial charges | 65/66B | €37,304 | €53,722 | +€16,418 | +44.0% |
| Recurring financial charges | 65 | €37,304 | €53,722 | +€16,418 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €143,855 | €193,636 | +€49,781 | +34.6% |
| Income taxes | 67/77 | €50,297 | €79,301 | +€29,004 | +57.7% |
| Profit (loss) for the period | 9904 | €93,558 | €114,335 | +€20,777 | +22.2% |
| Transfer from tax-exempt reserves | 789 | €84,200 | €311,540 | +€227,340 | +270% |
| Transfer to tax-exempt reserves | 689 | €0 | €71,570 | +€71,570 | |
| Profit (loss) for the period to be appropriated | 9905 | €177,758 | €354,305 | +€176,547 | +99.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.