DAGA: 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.
DAGA
Largest movements
- Cash +€43,013
up €43,013 (+9.2%), from €468,182 to €511,195
mainly Net result for the year (+€71,610) and Depreciation (+€2,252)
- Reserves +€71,610
up €71,610 (+5.6%), from €1.3m to €1.4m
of which Distributable reserves: +€71,610
- Financial income -€37,842
down €37,842 (-55.5%), from €68,153 to €30,311
- Taxes -€23,662
down €23,662 (-55.3%), from €42,756 to €19,094
- Gross operating margin +€15,537
up €15,537 (+25.3%), from €61,329 to €76,866
- Depreciation +€2,252
new in 2025: €2,252
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 | €3,780,115 | €3,850,661 | +€70,546 | +1.9% |
| Fixed assets | 21/28 | €1,888,632 | €1,916,165 | +€27,533 | +1.5% |
| Tangible fixed assets | 22/27 | €1,888,632 | €1,916,165 | +€27,533 | +1.5% |
| Land and buildings | 22 | €1,888,632 | €1,916,165 | +€27,533 | +1.5% |
| Current assets | 29/58 | €1,891,483 | €1,934,496 | +€43,013 | +2.3% |
| Amounts receivable after more than one year | 29 | €37 | €37 | = | 0.0% |
| Other amounts receivable | 291 | €37 | €37 | = | 0.0% |
| Current investments | 50/53 | €1,400,000 | €1,400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €468,182 | €511,195 | +€43,013 | +9.2% |
| Deferred charges and accrued income | 490/1 | €23,264 | €23,264 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,780,115 | €3,850,661 | +€70,546 | +1.9% |
| Equity | 10/15 | €3,771,366 | €3,842,976 | +€71,610 | +1.9% |
| Contributions | 10/11 | €2,485,294 | €2,485,294 | = | 0.0% |
| Capital | 10 | €2,483,764 | €2,483,764 | = | 0.0% |
| Issued capital | 100 | €2,483,764 | €2,483,764 | = | 0.0% |
| Contributions outside capital | 11 | €1,530 | €1,530 | = | 0.0% |
| Share premium | 1100/10 | €1,530 | €1,530 | = | 0.0% |
| Reserves | 13 | €1,286,072 | €1,357,682 | +€71,610 | +5.6% |
| Non-distributable reserves | 130/1 | €249,776 | €249,776 | = | 0.0% |
| Legal reserve | 130 | €249,776 | €249,776 | = | 0.0% |
| Distributable reserves | 133 | €1,036,296 | €1,107,906 | +€71,610 | +6.9% |
| Amounts payable | 17/49 | €8,749 | €7,685 | -€1,064 | -12.2% |
| Accrued charges and deferred income | 492/3 | €8,749 | €7,685 | -€1,064 | -12.2% |
| Remuneration, social security and pensions | 62 | - | €130 | +€130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,252 | +€2,252 | |
| Other operating charges | 640/8 | €13,350 | €13,764 | +€414 | +3.1% |
| Gross operating margin | 9900 | €61,329 | €76,866 | +€15,537 | +25.3% |
| Operating profit (loss) | 9901 | €47,979 | €60,720 | +€12,741 | +26.6% |
| Financial income | 75/76B | €68,153 | €30,311 | -€37,842 | -55.5% |
| Recurring financial income | 75 | €68,153 | €30,311 | -€37,842 | -55.5% |
| Financial charges | 65/66B | €320 | €327 | +€7 | +2.2% |
| Recurring financial charges | 65 | €320 | €327 | +€7 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €115,812 | €90,704 | -€25,108 | -21.7% |
| Income taxes | 67/77 | €42,756 | €19,094 | -€23,662 | -55.3% |
| Profit (loss) for the period | 9904 | €73,056 | €71,610 | -€1,446 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,056 | €71,610 | -€1,446 | -2.0% |
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 22 October 2026 via checked.be.