D.P.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.
D.P.G.
Largest movements
- Cash +€628,712
up €628,712 (+75,262%), from €835 to €629,548
mainly Investment in fixed assets (net) (+€597,393) and Net result for the year (+€91,008)
- Tangible fixed assets -€597,931
down €597,931 (-88.9%), from €672,393 to €74,462
of which Land and buildings: -€586,250
- Receivables within one year +€71,803
up €71,803 (+34.5%), from €207,861 to €279,663
of which Other amounts receivable: +€71,421
- Reserves +€91,008
up €91,008 (+17.5%), from €520,224 to €611,232
of which Distributable reserves: +€91,008
- Tax, wage and social debts +€48,207
up €48,207 (+25,395%), from €190 to €48,397
- Debts after one year -€32,463
down €32,463 (-12.5%), from €260,205 to €227,743
- Gross operating margin +€125,850
up €125,850 (+157%), from €80,138 to €205,989
- Taxes +€48,397
up €48,397 (+69,138,600%), from €0 to €48,397
- Depreciation -€22,406
down €22,406 (-97.7%), from €22,943 to €537
- Financial charges +€4,598
up €4,598 (+6.3%), from €73,029 to €77,626
- Other operating charges -€2,125
down €2,125 (-26.8%), from €7,943 to €5,818
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 | €882,872 | €987,997 | +€105,125 | +11.9% |
| Fixed assets | 21/28 | €672,393 | €74,462 | -€597,931 | -88.9% |
| Tangible fixed assets | 22/27 | €672,393 | €74,462 | -€597,931 | -88.9% |
| Land and buildings | 22 | €657,396 | €71,145 | -€586,250 | -89.2% |
| Plant, machinery and equipment | 23 | €14,966 | €3,317 | -€11,649 | -77.8% |
| Furniture and vehicles | 24 | €31 | - | -€31 | |
| Current assets | 29/58 | €210,479 | €913,535 | +€703,056 | +334% |
| Amounts receivable within one year | 40/41 | €207,861 | €279,663 | +€71,803 | +34.5% |
| Trade receivables | 40 | - | €382 | +€382 | |
| Other amounts receivable | 41 | €207,861 | €279,281 | +€71,421 | +34.4% |
| Cash at bank and in hand | 54/58 | €835 | €629,548 | +€628,712 | +75,262% |
| Deferred charges and accrued income | 490/1 | €1,783 | €4,324 | +€2,541 | +143% |
| Total equity and liabilities | 10/49 | €882,872 | €987,997 | +€105,125 | +11.9% |
| Equity | 10/15 | €582,224 | €673,232 | +€91,008 | +15.6% |
| 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 | €520,224 | €611,232 | +€91,008 | +17.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €514,024 | €605,032 | +€91,008 | +17.7% |
| Amounts payable | 17/49 | €300,648 | €314,765 | +€14,117 | +4.7% |
| Amounts payable after more than one year | 17 | €260,205 | €227,743 | -€32,463 | -12.5% |
| Financial debts | 170/4 | €260,205 | €227,743 | -€32,463 | -12.5% |
| Amounts payable within one year | 42/48 | €39,529 | €87,022 | +€47,493 | +120% |
| Current portion of amounts payable after more than one year | 42 | €34,727 | €32,463 | -€2,264 | -6.5% |
| Trade debts | 44 | €4,613 | €6,163 | +€1,550 | +33.6% |
| Suppliers | 440/4 | €4,613 | €6,163 | +€1,550 | +33.6% |
| Taxes, remuneration and social security | 45 | €190 | €48,397 | +€48,207 | +25,395% |
| Taxes | 450/3 | €190 | €48,397 | +€48,207 | +25,395% |
| Accrued charges and deferred income | 492/3 | €913 | - | -€913 | |
| Non-recurring operating income | 76A | - | €179,427 | +€179,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,943 | €537 | -€22,406 | -97.7% |
| Other operating charges | 640/8 | €7,943 | €5,818 | -€2,125 | -26.8% |
| Gross operating margin | 9900 | €80,138 | €205,989 | +€125,850 | +157% |
| Operating profit (loss) | 9901 | €49,252 | €199,633 | +€150,381 | +305% |
| Financial income | 75/76B | €16,759 | €17,398 | +€639 | +3.8% |
| Recurring financial income | 75 | €16,759 | €17,398 | +€639 | +3.8% |
| Financial charges | 65/66B | €73,029 | €77,626 | +€4,598 | +6.3% |
| Recurring financial charges | 65 | €73,029 | €77,626 | +€4,598 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,017 | €139,405 | +€146,422 | |
| Income taxes | 67/77 | €0 | €48,397 | +€48,397 | +69,138,600% |
| Profit (loss) for the period | 9904 | -€7,017 | €91,008 | +€98,025 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,017 | €91,008 | +€98,025 |
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.