D.G.C.M.: 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.C.M.
Largest movements
- Receivables within one year +€26,610
up €26,610 (+114%), from €23,285 to €49,895
of which Trade receivables: +€27,624
- Tangible fixed assets -€15,946
down €15,946 (-45.9%), from €34,755 to €18,809
- Cash +€1,843
up €1,843 (+400%), from €461 to €2,304
mainly Depreciation (+€15,946) and Net result for the year (+€11,736)
- Reserves +€11,736
up €11,736 (+208%), from €5,644 to €17,380
of which Distributable reserves: +€13,628
- Tax, wage and social debts +€2,613
new in 2025: €2,613
of which Taxes: +€1,363
- Trade debts -€1,321
down €1,321 (-26.4%), from €5,009 to €3,688
- Gross operating margin +€24,851
up €24,851 (+610%), from €4,071 to €28,922
- Taxes +€1,363
new in 2025: €1,363
- Depreciation +€314
up €314 (+2.0%), from €15,632 to €15,946
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 | €58,979 | €71,377 | +€12,397 | +21.0% |
| Fixed assets | 21/28 | €34,755 | €18,809 | -€15,946 | -45.9% |
| Tangible fixed assets | 22/27 | €34,755 | €18,809 | -€15,946 | -45.9% |
| Plant, machinery and equipment | 23 | €34,755 | €18,809 | -€15,946 | -45.9% |
| Current assets | 29/58 | €24,224 | €52,567 | +€28,343 | +117% |
| Amounts receivable within one year | 40/41 | €23,285 | €49,895 | +€26,610 | +114% |
| Trade receivables | 40 | €21,762 | €49,386 | +€27,624 | +127% |
| Other amounts receivable | 41 | €1,523 | €509 | -€1,014 | -66.6% |
| Cash at bank and in hand | 54/58 | €461 | €2,304 | +€1,843 | +400% |
| Deferred charges and accrued income | 490/1 | €479 | €368 | -€110 | -23.1% |
| Total equity and liabilities | 10/49 | €58,979 | €71,377 | +€12,397 | +21.0% |
| Equity | 10/15 | €30,938 | €42,674 | +€11,736 | +37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,644 | €17,380 | +€11,736 | +208% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,784 | €1,892 | -€1,892 | -50.0% |
| Distributable reserves | 133 | - | €13,628 | +€13,628 | |
| Profit (loss) carried forward | 14 | €6,694 | €6,694 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,260 | €630 | -€630 | -50.0% |
| Deferred taxes | 168 | €1,260 | €630 | -€630 | -50.0% |
| Amounts payable | 17/49 | €26,781 | €28,073 | +€1,291 | +4.8% |
| Amounts payable within one year | 42/48 | €26,739 | €28,031 | +€1,291 | +4.8% |
| Trade debts | 44 | €5,009 | €3,688 | -€1,321 | -26.4% |
| Suppliers | 440/4 | €5,009 | €3,688 | -€1,321 | -26.4% |
| Taxes, remuneration and social security | 45 | - | €2,613 | +€2,613 | |
| Taxes | 450/3 | - | €1,363 | +€1,363 | |
| Remuneration and social security | 454/9 | - | €1,250 | +€1,250 | |
| Other amounts payable | 47/48 | €21,730 | €21,730 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €42 | €42 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,632 | €15,946 | +€314 | +2.0% |
| Other operating charges | 640/8 | €614 | €465 | -€149 | -24.2% |
| Gross operating margin | 9900 | €4,071 | €28,922 | +€24,851 | +610% |
| Operating profit (loss) | 9901 | -€12,176 | €12,511 | +€24,686 | |
| Financial charges | 65/66B | €44 | €42 | -€2 | -3.4% |
| Recurring financial charges | 65 | €44 | €42 | -€2 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,219 | €12,469 | +€24,688 | |
| Transfer from deferred taxes | 780 | €630 | €630 | = | 0.0% |
| Income taxes | 67/77 | - | €1,363 | +€1,363 | |
| Profit (loss) for the period | 9904 | -€11,589 | €11,736 | +€23,325 | |
| Transfer from tax-exempt reserves | 789 | €1,892 | €1,892 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,697 | €13,628 | +€23,325 |
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 19 October 2026 via checked.be.