D4G: 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.
D4G
Largest movements
- Receivables within one year -€266,988
down €266,988 (-81.8%), from €326,424 to €59,435
- Cash -€259,502
down €259,502 (-82.9%), from €313,211 to €53,709
mainly Other debts (-€508,500) and Contributions, distributions and other (-€110,000)
- Other debts -€508,500
down €508,500 (-82.2%), from €618,500 to €110,000
- Reserves -€17,990
down €17,990 (-1.6%), from €1.1m to €1.1m
- Financial income -€526,928
down €526,928 (-84.5%), from €623,865 to €96,936
- Gross operating margin -€746
down €746 (-25.5%), from -€2,931 to -€3,676
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 | €1,786,035 | €1,259,545 | -€526,490 | -29.5% |
| Fixed assets | 21/28 | €1,146,400 | €1,146,400 | = | 0.0% |
| Financial fixed assets | 28 | €1,146,400 | €1,146,400 | = | 0.0% |
| Current assets | 29/58 | €639,635 | €113,145 | -€526,490 | -82.3% |
| Amounts receivable within one year | 40/41 | €326,424 | €59,435 | -€266,988 | -81.8% |
| Other amounts receivable | 41 | €326,424 | €59,435 | -€266,988 | -81.8% |
| Cash at bank and in hand | 54/58 | €313,211 | €53,709 | -€259,502 | -82.9% |
| Total equity and liabilities | 10/49 | €1,786,035 | €1,259,545 | -€526,490 | -29.5% |
| Equity | 10/15 | €1,167,535 | €1,149,545 | -€17,990 | -1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,148,935 | €1,130,945 | -€17,990 | -1.6% |
| Distributable reserves | 133 | €1,148,935 | €1,130,945 | -€17,990 | -1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €618,500 | €110,000 | -€508,500 | -82.2% |
| Amounts payable within one year | 42/48 | €618,500 | €110,000 | -€508,500 | -82.2% |
| Other amounts payable | 47/48 | €618,500 | €110,000 | -€508,500 | -82.2% |
| Other operating charges | 640/8 | €1,208 | €1,243 | +€35 | +2.9% |
| Gross operating margin | 9900 | -€2,931 | -€3,676 | -€746 | -25.5% |
| Operating profit (loss) | 9901 | -€4,139 | -€4,919 | -€780 | -18.9% |
| Financial income | 75/76B | €623,865 | €96,936 | -€526,928 | -84.5% |
| Recurring financial income | 75 | €623,865 | €96,936 | -€526,928 | -84.5% |
| Financial charges | 65/66B | - | €7 | +€7 | |
| Recurring financial charges | 65 | - | €7 | +€7 | |
| Profit (loss) for the period before taxes | 9903 | €619,726 | €92,010 | -€527,716 | -85.2% |
| Profit (loss) for the period | 9904 | €619,726 | €92,010 | -€527,716 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €619,726 | €92,010 | -€527,716 | -85.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.