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.
What changed
D&G
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,222
2024 · €285,886-€281,664
Equity
€3.5m
2024 · €3.5m-€36,242
Cash
€0
2024 · €0
Balance sheet total
€9.6m
2024 · €8.1m+€1.5m
Largest movements
Assets
- Tangible fixed assets +€1.4m
up €1.4m (+24.0%), from €6.0m to €7.4m
of which Land and buildings: +€1.4m
Equity and liabilities
- Short-term financial debts +€1.8m
up €1.8m (+1633.6%), from €112,963 to €2.0m
- Debts after one year -€323,235
down €323,235 (-13.3%), from €2.4m to €2.1m
- Other debts +€192,235
up €192,235 (+16.8%), from €1.1m to €1.3m
- Tax, wage and social debts -€157,981
down €157,981 (-87.3%), from €181,034 to €23,052
of which Taxes: -€157,884
Income statement
- Financial income -€143,650
down €143,650 (-78.0%), from €184,114 to €40,464
- Gross operating margin -€104,407
down €104,407 (-15.0%), from €696,378 to €591,971
- Depreciation +€76,423
up €76,423 (+22.3%), from €341,998 to €418,421
- Taxes -€44,724
down €44,724 (-75.9%), from €58,940 to €14,216
- Other operating charges -€22,553
down €22,553 (-22.0%), from €102,542 to €79,990
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.
Result 2024
€285,886
Gross operating margin
-€104,407
Staff costs
-€542
Depreciation
-€76,423
Other operating charges
+€22,553
Financial income
-€143,650
Financial charges
-€22,462
Taxes
+€44,724
Deferred taxes and other
-€1,457
Result 2025
€4,222
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.
From operations
+€398,762
Investment
-€1.9m
Financing
+€1.5m
Cash 2024
€0
From operations (derived)
+€398,762
Net result for the year
+€4,222
Depreciation
+€418,421
Receivables within one year
-€90,425
Deferred charges and accrued income
-€432
Provisions
-€10,495
Trade debts
+€43,217
Tax, wage and social debts
-€157,981
Other debts
+€192,235
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
+€1.5m
Debts after one year
-€323,235
Current portion of long-term debt
-€20,474
Short-term financial debts
+€1.8m
Contributions, distributions and other
-€40,464
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,100,265 | €9,632,629 | +€1.5m | +18.9% |
| Fixed assets | 21/28 | €6,816,934 | €8,258,440 | +€1.4m | +21.1% |
| Tangible fixed assets | 22/27 | €5,995,136 | €7,436,643 | +€1.4m | +24.0% |
| Land and buildings | 22 | €5,994,347 | €7,436,205 | +€1.4m | +24.1% |
| Plant, machinery and equipment | 23 | €789 | €438 | -€352 | -44.6% |
| Financial fixed assets | 28 | €821,797 | €821,797 | = | 0.0% |
| Current assets | 29/58 | €1,283,332 | €1,374,189 | +€90,857 | +7.1% |
| Amounts receivable within one year | 40/41 | €1,279,185 | €1,369,610 | +€90,425 | +7.1% |
| Other amounts receivable | 41 | €1,279,185 | €1,369,610 | +€90,425 | +7.1% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €4,146 | €4,579 | +€432 | +10.4% |
| Total equity and liabilities | 10/49 | €8,100,265 | €9,632,629 | +€1.5m | +18.9% |
| Equity | 10/15 | €3,547,953 | €3,511,711 | -€36,242 | -1.0% |
| 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 | €2,528,286 | €2,532,508 | +€4,222 | +0.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €968,412 | €931,101 | -€37,312 | -3.9% |
| Distributable reserves | 133 | €1,553,674 | €1,595,208 | +€41,534 | +2.7% |
| Investment grants | 15 | €957,667 | €917,203 | -€40,464 | -4.2% |
| Provisions and deferred taxes | 16 | €322,804 | €312,309 | -€10,495 | -3.3% |
| Deferred taxes | 168 | €322,804 | €312,309 | -€10,495 | -3.3% |
| Amounts payable | 17/49 | €4,229,508 | €5,808,609 | +€1.6m | +37.3% |
| Amounts payable after more than one year | 17 | €2,431,977 | €2,108,742 | -€323,235 | -13.3% |
| Financial debts | 170/4 | €2,431,977 | €2,108,742 | -€323,235 | -13.3% |
| Amounts payable within one year | 42/48 | €1,797,531 | €3,699,867 | +€1.9m | +105.8% |
| Current portion of amounts payable after more than one year | 42 | €343,709 | €323,235 | -€20,474 | -6.0% |
| Financial debts | 43 | €112,963 | €1,958,302 | +€1.8m | +1633.6% |
| Credit institutions | 430/8 | €112,963 | €1,958,302 | +€1.8m | +1633.6% |
| Trade debts | 44 | €13,057 | €56,274 | +€43,217 | +331.0% |
| Suppliers | 440/4 | €13,057 | €56,274 | +€43,217 | +331.0% |
| Taxes, remuneration and social security | 45 | €181,034 | €23,052 | -€157,981 | -87.3% |
| Taxes | 450/3 | €179,674 | €21,790 | -€157,884 | -87.9% |
| Remuneration and social security | 454/9 | €1,359 | €1,262 | -€97 | -7.2% |
| Other amounts payable | 47/48 | €1,146,768 | €1,339,003 | +€192,235 | +16.8% |
| Remuneration, social security and pensions | 62 | €12,060 | €12,602 | +€542 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €341,998 | €418,421 | +€76,423 | +22.3% |
| Other operating charges | 640/8 | €102,542 | €79,990 | -€22,553 | -22.0% |
| Gross operating margin | 9900 | €696,378 | €591,971 | -€104,407 | -15.0% |
| Operating profit (loss) | 9901 | €239,778 | €80,959 | -€158,819 | -66.2% |
| Financial income | 75/76B | €184,114 | €40,464 | -€143,650 | -78.0% |
| Recurring financial income | 75 | €184,114 | €40,464 | -€143,650 | -78.0% |
| Financial charges | 65/66B | €91,018 | €113,480 | +€22,462 | +24.7% |
| Recurring financial charges | 65 | €91,018 | €113,480 | +€22,462 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €332,875 | €7,943 | -€324,931 | -97.6% |
| Transfer from deferred taxes | 780 | €11,952 | €10,495 | -€1,457 | -12.2% |
| Income taxes | 67/77 | €58,940 | €14,216 | -€44,724 | -75.9% |
| Profit (loss) for the period | 9904 | €285,886 | €4,222 | -€281,664 | -98.5% |
| Transfer from tax-exempt reserves | 789 | €35,855 | €37,312 | +€1,457 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €321,741 | €41,534 | -€280,207 | -87.1% |
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 10 October 2026 via checked.be.