D.D.G.: 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.
D.D.G.
Largest movements
- Cash -€50,657
down €50,657 (-10.9%), from €464,485 to €413,827
mainly Net result for the year (-€126,083) and Trade debts (-€61,840)
- Deferred charges and accrued income -€33,456
down €33,456 (-75.0%), from €44,618 to €11,162
- Reserves -€126,083
down €126,083 (-34.0%), from €370,789 to €244,706
of which Distributable reserves: -€126,083
- Other debts +€113,110
up €113,110 (+86.8%), from €130,339 to €243,449
- Trade debts -€61,840
down €61,840 (-31.2%), from €197,963 to €136,123
- Debts after one year -€36,721
down €36,721 (-9.9%), from €369,069 to €332,348
- Financial income -€39,914
down €39,914 (-97.4%), from €40,979 to €1,065
- Gross operating margin -€24,798
down €24,798 (-2.3%), from €1.1m to €1.0m
- Staff costs -€24,257
down €24,257 (-2.3%), from €1.1m to €1.1m
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.
Derived cash bridge
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 | €1,650,121 | €1,560,411 | -€89,710 | -5.4% |
| Fixed assets | 21/28 | €144,369 | €144,711 | +€342 | +0.2% |
| Intangible fixed assets | 21 | €7,842 | €9,413 | +€1,570 | +20.0% |
| Tangible fixed assets | 22/27 | €136,526 | €135,298 | -€1,228 | -0.9% |
| Plant, machinery and equipment | 23 | €53,972 | €61,734 | +€7,762 | +14.4% |
| Furniture and vehicles | 24 | €82,554 | €67,125 | -€15,429 | -18.7% |
| Other tangible fixed assets | 26 | - | €6,439 | +€6,439 | |
| Current assets | 29/58 | €1,505,753 | €1,415,700 | -€90,052 | -6.0% |
| Stocks and contracts in progress | 3 | €829,341 | €835,942 | +€6,601 | +0.8% |
| Stocks | 30/36 | €829,341 | €835,942 | +€6,601 | +0.8% |
| Amounts receivable within one year | 40/41 | €167,309 | €154,769 | -€12,540 | -7.5% |
| Trade receivables | 40 | €167,309 | €154,769 | -€12,540 | -7.5% |
| Cash at bank and in hand | 54/58 | €464,485 | €413,827 | -€50,657 | -10.9% |
| Deferred charges and accrued income | 490/1 | €44,618 | €11,162 | -€33,456 | -75.0% |
| Total equity and liabilities | 10/49 | €1,650,121 | €1,560,411 | -€89,710 | -5.4% |
| Equity | 10/15 | €432,789 | €306,706 | -€126,083 | -29.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €370,789 | €244,706 | -€126,083 | -34.0% |
| Non-distributable reserves | 130/1 | €3,752 | €3,752 | = | 0.0% |
| Legal reserve | 130 | €2,759 | €2,759 | = | 0.0% |
| Reserves not available under the articles | 1311 | €993 | €993 | = | 0.0% |
| Distributable reserves | 133 | €367,037 | €240,954 | -€126,083 | -34.4% |
| Amounts payable | 17/49 | €1,217,332 | €1,253,705 | +€36,373 | +3.0% |
| Amounts payable after more than one year | 17 | €369,069 | €332,348 | -€36,721 | -9.9% |
| Financial debts | 170/4 | €369,069 | €332,348 | -€36,721 | -9.9% |
| Amounts payable within one year | 42/48 | €765,139 | €825,171 | +€60,032 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €294,180 | €301,593 | +€7,412 | +2.5% |
| Trade debts | 44 | €197,963 | €136,123 | -€61,840 | -31.2% |
| Suppliers | 440/4 | €197,963 | €136,123 | -€61,840 | -31.2% |
| Taxes, remuneration and social security | 45 | €142,657 | €144,006 | +€1,349 | +0.9% |
| Taxes | 450/3 | €16,093 | €19,553 | +€3,460 | +21.5% |
| Remuneration and social security | 454/9 | €126,564 | €124,453 | -€2,111 | -1.7% |
| Other amounts payable | 47/48 | €130,339 | €243,449 | +€113,110 | +86.8% |
| Accrued charges and deferred income | 492/3 | €83,124 | €96,186 | +€13,062 | +15.7% |
| Remuneration, social security and pensions | 62 | €1,074,884 | €1,050,628 | -€24,257 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,456 | €54,061 | +€4,605 | +9.3% |
| Other operating charges | 640/8 | €23,385 | €23,033 | -€352 | -1.5% |
| Gross operating margin | 9900 | €1,055,315 | €1,030,517 | -€24,798 | -2.3% |
| Operating profit (loss) | 9901 | -€92,411 | -€97,204 | -€4,793 | -5.2% |
| Financial income | 75/76B | €40,979 | €1,065 | -€39,914 | -97.4% |
| Recurring financial income | 75 | €40,979 | €1,065 | -€39,914 | -97.4% |
| Financial charges | 65/66B | €36,483 | €29,941 | -€6,542 | -17.9% |
| Recurring financial charges | 65 | €36,483 | €29,941 | -€6,542 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€87,915 | -€126,080 | -€38,166 | -43.4% |
| Income taxes | 67/77 | €169 | €3 | -€166 | -98.3% |
| Profit (loss) for the period | 9904 | -€88,084 | -€126,083 | -€37,999 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,084 | -€126,083 | -€37,999 | -43.1% |
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 16 October 2026 via checked.be.