D2G: 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.
D2G
Largest movements
- Receivables within one year -€13,645
down €13,645 (-39.8%), from €34,297 to €20,652
of which Trade receivables: -€16,008
- Cash -€7,898
down €7,898 (-9.1%), from €87,054 to €79,156
mainly Contributions, distributions and other (-€67,500) and Trade debts (-€17,093)
- Trade debts -€17,093
down €17,093 (-99.2%), from €17,232 to €139
- Tax, wage and social debts -€9,463
down €9,463 (-50.2%), from €18,854 to €9,391
of which Taxes: -€5,763
- Other debts +€3,940
up €3,940 (+5.9%), from €67,000 to €70,940
No income-statement line moved by more than 1% of the activity.
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 | €125,003 | €102,443 | -€22,560 | -18.0% |
| Fixed assets | 21/28 | €3,652 | €2,635 | -€1,017 | -27.8% |
| Tangible fixed assets | 22/27 | €3,652 | €2,635 | -€1,017 | -27.8% |
| Furniture and vehicles | 24 | €3,652 | €2,635 | -€1,017 | -27.8% |
| Current assets | 29/58 | €121,351 | €99,808 | -€21,543 | -17.8% |
| Amounts receivable within one year | 40/41 | €34,297 | €20,652 | -€13,645 | -39.8% |
| Trade receivables | 40 | €34,297 | €18,289 | -€16,008 | -46.7% |
| Other amounts receivable | 41 | - | €2,363 | +€2,363 | |
| Cash at bank and in hand | 54/58 | €87,054 | €79,156 | -€7,898 | -9.1% |
| Total equity and liabilities | 10/49 | €125,003 | €102,443 | -€22,560 | -18.0% |
| Equity | 10/15 | €21,437 | €21,643 | +€206 | +1.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €977 | €1,183 | +€206 | +21.1% |
| Amounts payable | 17/49 | €103,566 | €80,800 | -€22,766 | -22.0% |
| Amounts payable within one year | 42/48 | €103,391 | €80,800 | -€22,591 | -21.9% |
| Financial debts | 43 | €305 | €331 | +€26 | +8.3% |
| Credit institutions | 430/8 | €305 | €331 | +€26 | +8.3% |
| Trade debts | 44 | €17,232 | €139 | -€17,093 | -99.2% |
| Suppliers | 440/4 | €17,232 | €139 | -€17,093 | -99.2% |
| Taxes, remuneration and social security | 45 | €18,854 | €9,391 | -€9,463 | -50.2% |
| Taxes | 450/3 | €15,154 | €9,391 | -€5,763 | -38.0% |
| Remuneration and social security | 454/9 | €3,700 | - | -€3,700 | |
| Other amounts payable | 47/48 | €67,000 | €70,940 | +€3,940 | +5.9% |
| Accrued charges and deferred income | 492/3 | €175 | - | -€175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,227 | €1,017 | -€211 | -17.2% |
| Other operating charges | 640/8 | €384 | €654 | +€270 | +70.2% |
| Gross operating margin | 9900 | €87,814 | €87,349 | -€465 | -0.5% |
| Operating profit (loss) | 9901 | €86,202 | €85,679 | -€524 | -0.6% |
| Financial charges | 65/66B | €241 | €335 | +€94 | +39.1% |
| Recurring financial charges | 65 | €241 | €335 | +€94 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €85,961 | €85,343 | -€618 | -0.7% |
| Income taxes | 67/77 | €18,209 | €17,637 | -€571 | -3.1% |
| Profit (loss) for the period | 9904 | €67,752 | €67,706 | -€46 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,752 | €67,706 | -€46 | -0.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.