DAG GROUP: 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.
DAG GROUP
Largest movements
- Receivables after one year +€90,030
new in 2025: €90,030
- Receivables within one year -€20,056
down €20,056 (-38.5%), from €52,156 to €32,100
of which Other amounts receivable: -€19,251
- Tangible fixed assets -€5,313
down €5,313 (-30.9%), from €17,206 to €11,893
- Cash -€4,226
down €4,226 (-45.7%), from €9,245 to €5,019
mainly Receivables after one year (-€90,030) and Trade debts (-€27,556)
- Profit (loss) carried forward +€74,460
up €74,460 (+567.6%), from €13,118 to €87,578
- Trade debts -€27,556
down €27,556 (-63.1%), from €43,656 to €16,101
- Tax, wage and social debts +€14,020
up €14,020 (+102.3%), from €13,700 to €27,720
of which Taxes: +€18,583
- Gross operating margin +€64,471
up €64,471 (+110.3%), from €58,452 to €122,923
- Staff costs -€25,884
down €25,884 (-68.6%), from €37,714 to €11,829
- Taxes +€16,457
up €16,457 (+396.5%), from €4,151 to €20,608
- Other operating charges +€6,827
up €6,827 (+324.6%), from €2,103 to €8,930
- Financial charges +€1,538
up €1,538 (+299.8%), from €513 to €2,051
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 | €80,475 | €141,399 | +€60,924 | +75.7% |
| Fixed assets | 21/28 | €17,706 | €12,393 | -€5,313 | -30.0% |
| Tangible fixed assets | 22/27 | €17,206 | €11,893 | -€5,313 | -30.9% |
| Plant, machinery and equipment | 23 | €6,911 | €4,775 | -€2,136 | -30.9% |
| Furniture and vehicles | 24 | €5,763 | €3,627 | -€2,136 | -37.1% |
| Other tangible fixed assets | 26 | €4,532 | €3,490 | -€1,041 | -23.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €62,769 | €129,006 | +€66,237 | +105.5% |
| Amounts receivable after more than one year | 29 | - | €90,030 | +€90,030 | |
| Other amounts receivable | 291 | - | €90,030 | +€90,030 | |
| Stocks and contracts in progress | 3 | €577 | €589 | +€12 | +2.1% |
| Stocks | 30/36 | €577 | €589 | +€12 | +2.1% |
| Amounts receivable within one year | 40/41 | €52,156 | €32,100 | -€20,056 | -38.5% |
| Trade receivables | 40 | €32,858 | €32,052 | -€806 | -2.5% |
| Other amounts receivable | 41 | €19,299 | €48 | -€19,251 | -99.8% |
| Cash at bank and in hand | 54/58 | €9,245 | €5,019 | -€4,226 | -45.7% |
| Deferred charges and accrued income | 490/1 | €791 | €1,268 | +€477 | +60.4% |
| Total equity and liabilities | 10/49 | €80,475 | €141,399 | +€60,924 | +75.7% |
| Equity | 10/15 | €23,118 | €97,578 | +€74,460 | +322.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,118 | €87,578 | +€74,460 | +567.6% |
| Amounts payable | 17/49 | €57,357 | €43,820 | -€13,536 | -23.6% |
| Amounts payable within one year | 42/48 | €57,357 | €43,820 | -€13,536 | -23.6% |
| Trade debts | 44 | €43,656 | €16,101 | -€27,556 | -63.1% |
| Suppliers | 440/4 | €43,656 | €16,101 | -€27,556 | -63.1% |
| Taxes, remuneration and social security | 45 | €13,700 | €27,720 | +€14,020 | +102.3% |
| Taxes | 450/3 | €8,813 | €27,397 | +€18,583 | +210.9% |
| Remuneration and social security | 454/9 | €4,887 | €323 | -€4,564 | -93.4% |
| Remuneration, social security and pensions | 62 | €37,714 | €11,829 | -€25,884 | -68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,713 | €5,313 | -€400 | -7.0% |
| Other operating charges | 640/8 | €2,103 | €8,930 | +€6,827 | +324.6% |
| Gross operating margin | 9900 | €58,452 | €122,923 | +€64,471 | +110.3% |
| Operating profit (loss) | 9901 | €12,922 | €96,851 | +€83,929 | +649.5% |
| Financial income | 75/76B | €595 | €268 | -€327 | -54.9% |
| Recurring financial income | 75 | €595 | €268 | -€327 | -54.9% |
| Financial charges | 65/66B | €513 | €2,051 | +€1,538 | +299.8% |
| Recurring financial charges | 65 | €513 | €2,051 | +€1,538 | +299.8% |
| Profit (loss) for the period before taxes | 9903 | €13,004 | €95,068 | +€82,064 | +631.1% |
| Income taxes | 67/77 | €4,151 | €20,608 | +€16,457 | +396.5% |
| Profit (loss) for the period | 9904 | €8,853 | €74,460 | +€65,607 | +741.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,853 | €74,460 | +€65,607 | +741.0% |
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 5 October 2026 via checked.be.