Dag&Douw: 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.
Dag&Douw
Largest movements
- Tangible fixed assets -€26,253
down €26,253 (-40.4%), from €65,033 to €38,780
of which Land and buildings: -€17,088
- Cash -€14,337
down €14,337 (-78.6%), from €18,246 to €3,908
mainly Net result for the year (-€31,279) and Current portion of long-term debt (-€11,975)
- Receivables within one year +€2,204
up €2,204 (+108%), from €2,034 to €4,238
- Stocks and contracts +€1,123
up €1,123 (+8.3%), from €13,593 to €14,717
- Profit (loss) carried forward -€31,279
down €31,279, from €11,742 to -€19,537
- Current portion of long-term debt -€11,975
down €11,975 (-74.8%), from €16,019 to €4,044
- Trade debts +€10,795
up €10,795 (+84.3%), from €12,808 to €23,603
- Debts after one year -€4,044
no longer reported in 2025 (was €4,044)
- Contributions +€1,860
up €1,860 (+15.0%), from €12,395 to €14,255
- Staff costs +€21,418
up €21,418 (+9.3%), from €231,216 to €252,633
- Gross operating margin -€14,498
down €14,498 (-5.4%), from €270,187 to €255,689
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 | €103,180 | €65,918 | -€37,263 | -36.1% |
| Fixed assets | 21/28 | €69,308 | €43,055 | -€26,253 | -37.9% |
| Tangible fixed assets | 22/27 | €65,033 | €38,780 | -€26,253 | -40.4% |
| Land and buildings | 22 | €23,400 | €6,311 | -€17,088 | -73.0% |
| Plant, machinery and equipment | 23 | €41,633 | €32,468 | -€9,164 | -22.0% |
| Financial fixed assets | 28 | €4,275 | €4,275 | = | 0.0% |
| Current assets | 29/58 | €33,873 | €22,863 | -€11,010 | -32.5% |
| Stocks and contracts in progress | 3 | €13,593 | €14,717 | +€1,123 | +8.3% |
| Stocks | 30/36 | €13,593 | €14,717 | +€1,123 | +8.3% |
| Amounts receivable within one year | 40/41 | €2,034 | €4,238 | +€2,204 | +108% |
| Other amounts receivable | 41 | €2,034 | €4,238 | +€2,204 | +108% |
| Cash at bank and in hand | 54/58 | €18,246 | €3,908 | -€14,337 | -78.6% |
| Total equity and liabilities | 10/49 | €103,180 | €65,918 | -€37,263 | -36.1% |
| Equity | 10/15 | €25,997 | -€5,282 | -€31,279 | |
| Contributions | 10/11 | €12,395 | €14,255 | +€1,860 | +15.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €11,742 | -€19,537 | -€31,279 | |
| Amounts payable | 17/49 | €77,183 | €71,199 | -€5,984 | -7.8% |
| Amounts payable after more than one year | 17 | €4,044 | - | -€4,044 | |
| Financial debts | 170/4 | €4,044 | - | -€4,044 | |
| Amounts payable within one year | 42/48 | €73,139 | €71,199 | -€1,940 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €16,019 | €4,044 | -€11,975 | -74.8% |
| Trade debts | 44 | €12,808 | €23,603 | +€10,795 | +84.3% |
| Suppliers | 440/4 | €12,808 | €23,603 | +€10,795 | +84.3% |
| Taxes, remuneration and social security | 45 | €16,689 | €15,673 | -€1,016 | -6.1% |
| Taxes | 450/3 | €4,986 | €4,210 | -€776 | -15.6% |
| Remuneration and social security | 454/9 | €11,702 | €11,462 | -€240 | -2.1% |
| Other amounts payable | 47/48 | €27,623 | €27,880 | +€256 | +0.9% |
| Remuneration, social security and pensions | 62 | €231,216 | €252,633 | +€21,418 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,731 | €30,458 | -€273 | -0.9% |
| Other operating charges | 640/8 | €1,222 | €1,515 | +€293 | +23.9% |
| Gross operating margin | 9900 | €270,187 | €255,689 | -€14,498 | -5.4% |
| Operating profit (loss) | 9901 | €7,018 | -€28,917 | -€35,935 | |
| Financial income | 75/76B | €81 | €119 | +€38 | +46.9% |
| Recurring financial income | 75 | €81 | €119 | +€38 | +46.9% |
| Financial charges | 65/66B | €2,409 | €2,481 | +€73 | +3.0% |
| Recurring financial charges | 65 | €2,409 | €2,311 | -€97 | -4.0% |
| Non-recurring financial charges | 66B | - | €170 | +€170 | |
| Profit (loss) for the period before taxes | 9903 | €4,691 | -€31,279 | -€35,970 | |
| Profit (loss) for the period | 9904 | €4,691 | -€31,279 | -€35,970 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,691 | -€31,279 | -€35,970 |
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 18 October 2026 via checked.be.