D&GP Holding: what changed
What changed
D&GP Holding
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€24,319
2024 · €155,516-€131,197
Equity
€563,536
2024 · €819,217-€255,681
Cash
€25,052
2024 · €24,890+€162
Balance sheet total
€4.4m
2024 · €4.7m-€260,750
Largest movements
Assets
- Receivables within one year -€136,364
down €136,364 (-55.7%), from €244,607 to €108,243
of which Trade receivables: -€112,141
- Tangible fixed assets -€119,471
down €119,471 (-4.1%), from €2.9m to €2.8m
of which Land and buildings: -€92,891
Equity and liabilities
- Profit (loss) carried forward -€280,000
down €280,000 (-98.7%), from €283,601 to €3,601
- Debts after one year -€167,423
down €167,423 (-5.1%), from €3.3m to €3.1m
- Other debts +€113,301
up €113,301 (+37.4%), from €302,609 to €415,910
Income statement
- Financial income -€84,788
down €84,788 (-56.7%), from €149,625 to €64,838
- Financial charges +€70,928
up €70,928 (+38.9%), from €182,432 to €253,359
- Gross operating margin +€41,337
up €41,337 (+13.3%), from €310,939 to €352,276
- Depreciation +€9,407
up €9,407 (+8.5%), from €110,065 to €119,471
- Other operating charges +€5,009
up €5,009 (+41.2%), from €12,166 to €17,176
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€155,516
Gross operating margin
+€41,337
Depreciation
-€9,407
Other operating charges
-€5,009
Financial income
-€84,788
Financial charges
-€70,928
Taxes
-€2,403
Result 2025
€24,319
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€431,319
Investment
€0
Financing
-€431,157
Cash 2024
€24,890
From operations (derived)
+€431,319
Net result for the year
+€24,319
Depreciation
+€119,471
Receivables within one year
+€136,364
Deferred charges and accrued income
+€5,077
Trade debts
-€3,169
Tax, wage and social debts
+€22,478
Other debts
+€113,301
Accrued charges and deferred income
+€13,478
Financing
-€431,157
Debts after one year
-€167,423
Current portion of long-term debt
+€16,267
Contributions, distributions and other
-€280,000
Cash 2025
€25,052
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,675,576 | €4,414,826 | -€260,750 | -5.6% |
| Fixed assets | 21/28 | €4,399,988 | €4,280,517 | -€119,471 | -2.7% |
| Tangible fixed assets | 22/27 | €2,899,988 | €2,780,517 | -€119,471 | -4.1% |
| Land and buildings | 22 | €2,807,067 | €2,714,176 | -€92,891 | -3.3% |
| Furniture and vehicles | 24 | €92,922 | €66,341 | -€26,581 | -28.6% |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €275,588 | €134,309 | -€141,279 | -51.3% |
| Amounts receivable within one year | 40/41 | €244,607 | €108,243 | -€136,364 | -55.7% |
| Trade receivables | 40 | €144,595 | €32,454 | -€112,141 | -77.6% |
| Other amounts receivable | 41 | €100,012 | €75,789 | -€24,223 | -24.2% |
| Cash at bank and in hand | 54/58 | €24,890 | €25,052 | +€162 | +0.7% |
| Deferred charges and accrued income | 490/1 | €6,091 | €1,014 | -€5,077 | -83.4% |
| Total equity and liabilities | 10/49 | €4,675,576 | €4,414,826 | -€260,750 | -5.6% |
| Equity | 10/15 | €819,217 | €563,536 | -€255,681 | -31.2% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €215,616 | €239,936 | +€24,319 | +11.3% |
| Distributable reserves | 133 | €215,616 | €239,936 | +€24,319 | +11.3% |
| Profit (loss) carried forward | 14 | €283,601 | €3,601 | -€280,000 | -98.7% |
| Amounts payable | 17/49 | €3,856,359 | €3,851,290 | -€5,069 | -0.1% |
| Amounts payable after more than one year | 17 | €3,302,600 | €3,135,177 | -€167,423 | -5.1% |
| Financial debts | 170/4 | €3,302,600 | €3,135,177 | -€167,423 | -5.1% |
| Amounts payable within one year | 42/48 | €550,212 | €699,088 | +€148,876 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €202,395 | €218,661 | +€16,267 | +8.0% |
| Trade debts | 44 | €5,268 | €2,099 | -€3,169 | -60.1% |
| Suppliers | 440/4 | €5,268 | €2,099 | -€3,169 | -60.1% |
| Taxes, remuneration and social security | 45 | €39,940 | €62,417 | +€22,478 | +56.3% |
| Taxes | 450/3 | €39,940 | €62,417 | +€22,478 | +56.3% |
| Other amounts payable | 47/48 | €302,609 | €415,910 | +€113,301 | +37.4% |
| Accrued charges and deferred income | 492/3 | €3,547 | €17,025 | +€13,478 | +380% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,065 | €119,471 | +€9,407 | +8.5% |
| Other operating charges | 640/8 | €12,166 | €17,176 | +€5,009 | +41.2% |
| Gross operating margin | 9900 | €310,939 | €352,276 | +€41,337 | +13.3% |
| Operating profit (loss) | 9901 | €188,708 | €215,629 | +€26,921 | +14.3% |
| Financial income | 75/76B | €149,625 | €64,838 | -€84,788 | -56.7% |
| Recurring financial income | 75 | €149,625 | €64,838 | -€84,788 | -56.7% |
| Financial charges | 65/66B | €182,432 | €253,359 | +€70,928 | +38.9% |
| Recurring financial charges | 65 | €182,432 | €253,359 | +€70,928 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €155,901 | €27,108 | -€128,794 | -82.6% |
| Income taxes | 67/77 | €385 | €2,788 | +€2,403 | +624% |
| Profit (loss) for the period | 9904 | €155,516 | €24,319 | -€131,197 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €155,516 | €24,319 | -€131,197 | -84.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.