D&G BEHEER: 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&G BEHEER
Largest movements
- Current investments +€20,489
up €20,489 (+201%), from €10,200 to €30,689
- Receivables within one year +€12,156
up €12,156 (+10.7%), from €113,733 to €125,889
of which Trade receivables: +€6,420
- Tax, wage and social debts +€27,924
up €27,924 (+58.1%), from €48,078 to €76,002
of which Remuneration and social security: +€21,629
- Current portion of long-term debt +€15,521
up €15,521 (+34.3%), from €45,276 to €60,797
- Reserves -€9,956
down €9,956 (-3.4%), from €288,989 to €279,033
of which Distributable reserves: -€5,588
- Staff costs +€128,810
up €128,810 (+26.8%), from €480,527 to €609,337
- Gross operating margin +€112,963
up €112,963 (+17.3%), from €653,378 to €766,340
- Other operating charges +€15,983
up €15,983 (+184%), from €8,681 to €24,664
- Depreciation +€10,774
up €10,774 (+17.4%), from €61,918 to €72,692
- Taxes -€9,584
down €9,584 (-32.4%), from €29,553 to €19,969
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 | €931,143 | €979,516 | +€48,373 | +5.2% |
| Fixed assets | 21/28 | €659,426 | €664,187 | +€4,761 | +0.7% |
| Intangible fixed assets | 21 | €337 | - | -€337 | |
| Tangible fixed assets | 22/27 | €659,089 | €664,187 | +€5,098 | +0.8% |
| Land and buildings | 22 | €349,709 | €331,234 | -€18,475 | -5.3% |
| Plant, machinery and equipment | 23 | €1,516 | €11,794 | +€10,278 | +678% |
| Furniture and vehicles | 24 | €87,940 | €124,410 | +€36,470 | +41.5% |
| Other tangible fixed assets | 26 | €219,924 | €196,749 | -€23,175 | -10.5% |
| Current assets | 29/58 | €271,717 | €315,329 | +€43,612 | +16.1% |
| Amounts receivable within one year | 40/41 | €113,733 | €125,889 | +€12,156 | +10.7% |
| Trade receivables | 40 | €23,696 | €30,116 | +€6,420 | +27.1% |
| Other amounts receivable | 41 | €90,036 | €95,772 | +€5,736 | +6.4% |
| Current investments | 50/53 | €10,200 | €30,689 | +€20,489 | +201% |
| Cash at bank and in hand | 54/58 | €130,423 | €131,660 | +€1,237 | +0.9% |
| Deferred charges and accrued income | 490/1 | €17,362 | €27,090 | +€9,728 | +56.0% |
| Total equity and liabilities | 10/49 | €931,143 | €979,516 | +€48,373 | +5.2% |
| Equity | 10/15 | €297,049 | €287,093 | -€9,956 | -3.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €288,989 | €279,033 | -€9,956 | -3.4% |
| Tax-exempt reserves | 132 | €5,711 | €1,343 | -€4,368 | -76.5% |
| Distributable reserves | 133 | €283,278 | €277,689 | -€5,588 | -2.0% |
| Provisions and deferred taxes | 16 | €1,904 | €448 | -€1,456 | -76.5% |
| Deferred taxes | 168 | €1,904 | €448 | -€1,456 | -76.5% |
| Amounts payable | 17/49 | €632,191 | €691,975 | +€59,784 | +9.5% |
| Amounts payable after more than one year | 17 | €505,335 | €514,424 | +€9,089 | +1.8% |
| Financial debts | 170/4 | €505,335 | €514,424 | +€9,089 | +1.8% |
| Amounts payable within one year | 42/48 | €126,856 | €177,551 | +€50,695 | +40.0% |
| Current portion of amounts payable after more than one year | 42 | €45,276 | €60,797 | +€15,521 | +34.3% |
| Trade debts | 44 | €33,503 | €40,752 | +€7,250 | +21.6% |
| Suppliers | 440/4 | €33,503 | €40,752 | +€7,250 | +21.6% |
| Taxes, remuneration and social security | 45 | €48,078 | €76,002 | +€27,924 | +58.1% |
| Taxes | 450/3 | - | €6,295 | +€6,295 | |
| Remuneration and social security | 454/9 | €48,078 | €69,707 | +€21,629 | +45.0% |
| Remuneration, social security and pensions | 62 | €480,527 | €609,337 | +€128,810 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,918 | €72,692 | +€10,774 | +17.4% |
| Other operating charges | 640/8 | €8,681 | €24,664 | +€15,983 | +184% |
| Gross operating margin | 9900 | €653,378 | €766,340 | +€112,963 | +17.3% |
| Operating profit (loss) | 9901 | €102,252 | €59,647 | -€42,604 | -41.7% |
| Financial income | 75/76B | €881 | €927 | +€46 | +5.3% |
| Recurring financial income | 75 | €881 | €927 | +€46 | +5.3% |
| Financial charges | 65/66B | €23,744 | €26,496 | +€2,752 | +11.6% |
| Recurring financial charges | 65 | €23,744 | €26,496 | +€2,752 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €79,388 | €34,078 | -€45,310 | -57.1% |
| Transfer from deferred taxes | 780 | €1,456 | €1,456 | = | 0.0% |
| Income taxes | 67/77 | €29,553 | €19,969 | -€9,584 | -32.4% |
| Profit (loss) for the period | 9904 | €51,291 | €15,565 | -€35,726 | -69.7% |
| Transfer from tax-exempt reserves | 789 | €4,368 | €4,368 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,659 | €19,933 | -€35,726 | -64.2% |
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 28 October 2026 via checked.be.