DAGHUYT: 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.
DAGHUYT
Largest movements
- Cash +€1.1m
up €1.1m (+445.6%), from €235,681 to €1.3m
mainly Net result for the year (+€636,897) and Receivables within one year (+€509,909)
- Receivables within one year -€509,909
down €509,909 (-37.5%), from €1.4m to €850,432
of which Trade receivables: -€530,339
- Current investments -€207,902
no longer reported in 2025 (was €207,902)
- Tangible fixed assets +€69,208
up €69,208 (+3.3%), from €2.1m to €2.2m
of which Plant, machinery and equipment: +€358,213
- Profit (loss) carried forward +€441,867
up €441,867 (+29.3%), from €1.5m to €1.9m
- Debts after one year -€198,068
down €198,068 (-28.4%), from €697,049 to €498,981
- Other debts +€126,803
up €126,803 (+477.4%), from €26,563 to €153,366
- Trade debts +€79,841
up €79,841 (+16.6%), from €480,872 to €560,714
- Current portion of long-term debt -€46,457
down €46,457 (-12.8%), from €361,856 to €315,399
- Gross operating margin +€448,596
up €448,596 (+25.4%), from €1.8m to €2.2m
- Staff costs +€270,952
up €270,952 (+44.1%), from €614,832 to €885,784
- Taxes +€35,138
up €35,138 (+18.7%), from €187,506 to €222,644
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 | €3,924,248 | €4,331,777 | +€407,529 | +10.4% |
| Fixed assets | 21/28 | €2,110,062 | €2,179,269 | +€69,208 | +3.3% |
| Tangible fixed assets | 22/27 | €2,108,794 | €2,178,002 | +€69,208 | +3.3% |
| Land and buildings | 22 | €694,079 | €666,821 | -€27,258 | -3.9% |
| Plant, machinery and equipment | 23 | €269,893 | €628,106 | +€358,213 | +132.7% |
| Furniture and vehicles | 24 | €866,724 | €657,679 | -€209,045 | -24.1% |
| Leasing and similar rights | 25 | €276,990 | €224,840 | -€52,150 | -18.8% |
| Other tangible fixed assets | 26 | €1,109 | €557 | -€552 | -49.8% |
| Financial fixed assets | 28 | €1,268 | €1,268 | = | 0.0% |
| Current assets | 29/58 | €1,814,186 | €2,152,508 | +€338,322 | +18.6% |
| Amounts receivable within one year | 40/41 | €1,360,341 | €850,432 | -€509,909 | -37.5% |
| Trade receivables | 40 | €1,343,373 | €813,034 | -€530,339 | -39.5% |
| Other amounts receivable | 41 | €16,968 | €37,398 | +€20,430 | +120.4% |
| Current investments | 50/53 | €207,902 | - | -€207,902 | |
| Cash at bank and in hand | 54/58 | €235,681 | €1,285,938 | +€1.1m | +445.6% |
| Deferred charges and accrued income | 490/1 | €10,263 | €16,138 | +€5,875 | +57.2% |
| Total equity and liabilities | 10/49 | €3,924,248 | €4,331,777 | +€407,529 | +10.4% |
| Equity | 10/15 | €2,157,230 | €2,588,033 | +€430,803 | +20.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €631,424 | €620,359 | -€11,064 | -1.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,767 | €29,797 | -€8,970 | -23.1% |
| Distributable reserves | 133 | €590,798 | €588,703 | -€2,094 | -0.4% |
| Profit (loss) carried forward | 14 | €1,507,215 | €1,949,082 | +€441,867 | +29.3% |
| Provisions and deferred taxes | 16 | €27,971 | €23,350 | -€4,621 | -16.5% |
| Provisions for liabilities and charges | 160/5 | €8,000 | €8,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €8,000 | €8,000 | = | 0.0% |
| Deferred taxes | 168 | €19,971 | €15,350 | -€4,621 | -23.1% |
| Amounts payable | 17/49 | €1,739,047 | €1,720,394 | -€18,653 | -1.1% |
| Amounts payable after more than one year | 17 | €697,049 | €498,981 | -€198,068 | -28.4% |
| Financial debts | 170/4 | €697,049 | €498,981 | -€198,068 | -28.4% |
| Amounts payable within one year | 42/48 | €1,032,217 | €1,212,867 | +€180,650 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €361,856 | €315,399 | -€46,457 | -12.8% |
| Trade debts | 44 | €480,872 | €560,714 | +€79,841 | +16.6% |
| Suppliers | 440/4 | €480,872 | €560,714 | +€79,841 | +16.6% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €152,926 | €183,389 | +€30,463 | +19.9% |
| Taxes | 450/3 | €85,921 | €85,262 | -€659 | -0.8% |
| Remuneration and social security | 454/9 | €67,005 | €98,127 | +€31,122 | +46.4% |
| Other amounts payable | 47/48 | €26,563 | €153,366 | +€126,803 | +477.4% |
| Accrued charges and deferred income | 492/3 | €9,781 | €8,546 | -€1,235 | -12.6% |
| Non-recurring operating income | 76A | €20,451 | €154,030 | +€133,579 | +653.2% |
| Remuneration, social security and pensions | 62 | €614,832 | €885,784 | +€270,952 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €383,322 | €405,274 | +€21,952 | +5.7% |
| Other operating charges | 640/8 | €31,566 | €34,629 | +€3,064 | +9.7% |
| Gross operating margin | 9900 | €1,769,141 | €2,217,737 | +€448,596 | +25.4% |
| Operating profit (loss) | 9901 | €739,420 | €892,049 | +€152,628 | +20.6% |
| Financial income | 75/76B | €923 | €1,668 | +€745 | +80.7% |
| Recurring financial income | 75 | €923 | €1,668 | +€745 | +80.7% |
| Financial charges | 65/66B | €41,946 | €38,796 | -€3,151 | -7.5% |
| Recurring financial charges | 65 | €41,946 | €38,796 | -€3,151 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €698,397 | €854,921 | +€156,524 | +22.4% |
| Transfer from deferred taxes | 780 | €4,621 | €4,621 | = | 0.0% |
| Income taxes | 67/77 | €187,506 | €222,644 | +€35,138 | +18.7% |
| Profit (loss) for the period | 9904 | €515,512 | €636,897 | +€121,386 | +23.5% |
| Transfer from tax-exempt reserves | 789 | €8,970 | €8,970 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €524,482 | €645,867 | +€121,386 | +23.1% |
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 12 October 2026 via checked.be.