D.G.Q.: what changed
Two fiscal 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.Q.
Largest movements
- Tangible fixed assets +€26,810
up €26,810 (+29.9%), from €89,647 to €116,457
of which Land and buildings: +€26,984
- Cash -€9,054
down €9,054 (-53.9%), from €16,810 to €7,756
mainly Investment in fixed assets (net) (-€33,780) and Trade debts (-€18,656)
- Other debts +€25,000
up €25,000 (+62.5%), from €40,000 to €65,000
- Trade debts -€18,656
down €18,656 (-71.3%), from €26,167 to €7,511
- Profit (loss) carried forward +€11,447
up €11,447 (+33.5%), from -€34,166 to -€22,719
- Gross operating margin +€14,355
up €14,355 (+248.2%), from €5,784 to €20,139
- Depreciation +€3,066
up €3,066 (+78.5%), from €3,904 to €6,970
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,001 | €124,793 | +€17,791 | +16.6% |
| Fixed assets | 21/28 | €89,647 | €116,457 | +€26,810 | +29.9% |
| Tangible fixed assets | 22/27 | €89,647 | €116,457 | +€26,810 | +29.9% |
| Land and buildings | 22 | €88,712 | €115,696 | +€26,984 | +30.4% |
| Plant, machinery and equipment | 23 | €935 | €761 | -€174 | -18.6% |
| Current assets | 29/58 | €17,354 | €8,336 | -€9,019 | -52.0% |
| Amounts receivable within one year | 40/41 | - | €10 | +€10 | |
| Other amounts receivable | 41 | - | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €16,810 | €7,756 | -€9,054 | -53.9% |
| Deferred charges and accrued income | 490/1 | €545 | €570 | +€26 | +4.7% |
| Total equity and liabilities | 10/49 | €107,001 | €124,793 | +€17,791 | +16.6% |
| Equity | 10/15 | €40,834 | €52,281 | +€11,447 | +28.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,166 | -€22,719 | +€11,447 | +33.5% |
| Amounts payable | 17/49 | €66,167 | €72,511 | +€6,344 | +9.6% |
| Amounts payable within one year | 42/48 | €66,167 | €72,511 | +€6,344 | +9.6% |
| Trade debts | 44 | €26,167 | €7,511 | -€18,656 | -71.3% |
| Suppliers | 440/4 | €26,167 | €7,511 | -€18,656 | -71.3% |
| Other amounts payable | 47/48 | €40,000 | €65,000 | +€25,000 | +62.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,904 | €6,970 | +€3,066 | +78.5% |
| Other operating charges | 640/8 | €1,651 | €1,701 | +€50 | +3.0% |
| Gross operating margin | 9900 | €5,784 | €20,139 | +€14,355 | +248.2% |
| Operating profit (loss) | 9901 | €229 | €11,468 | +€11,239 | +4905.3% |
| Financial income | 75/76B | €5 | €33 | +€28 | +606.5% |
| Recurring financial income | 75 | €5 | €33 | +€28 | +606.5% |
| Financial charges | 65/66B | - | €54 | +€54 | |
| Recurring financial charges | 65 | - | €54 | +€54 | |
| Profit (loss) for the period before taxes | 9903 | €234 | €11,447 | +€11,213 | +4796.7% |
| Income taxes | 67/77 | -€10 | - | +€10 | |
| Profit (loss) for the period | 9904 | €244 | €11,447 | +€11,203 | +4594.5% |
| Profit (loss) for the period to be appropriated | 9905 | €244 | €11,447 | +€11,203 | +4594.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.