DAGMAAT: 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.
DAGMAAT
Largest movements
- Cash -€125,383
down €125,383 (-96.6%), from €129,844 to €4,461
mainly Debts after one year (-€107,365) and Net result for the year (-€64,811)
- Tangible fixed assets -€46,524
down €46,524 (-38.0%), from €122,588 to €76,064
- Stocks and contracts +€22,663
up €22,663 (+19.4%), from €116,921 to €139,584
of which Stocks: +€37,376
- Receivables within one year +€18,061
up €18,061 (+17.1%), from €105,667 to €123,727
of which Trade receivables: +€22,473
- Debts after one year -€107,365
down €107,365 (-25.0%), from €429,805 to €322,439
of which Other amounts payable: -€67,715
- Profit (loss) carried forward -€64,811
down €64,811 (-17.2%), from -€377,778 to -€442,589
- Advances received +€53,008
up €53,008 (+31.2%), from €169,947 to €222,955
- Tax, wage and social debts -€21,340
down €21,340 (-42.3%), from €50,503 to €29,164
of which Remuneration and social security: -€19,154
- Trade debts +€19,679
up €19,679 (+27.4%), from €71,750 to €91,429
- Gross operating margin -€16,599
down €16,599 (-4.9%), from €338,244 to €321,645
- Financial charges -€15,111
down €15,111 (-32.2%), from €46,889 to €31,777
- Depreciation -€14,344
down €14,344 (-18.6%), from €77,244 to €62,901
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 | €518,784 | €383,450 | -€135,334 | -26.1% |
| Formation expenses | 20 | €507 | - | -€507 | |
| Fixed assets | 21/28 | €151,696 | €103,772 | -€47,924 | -31.6% |
| Intangible fixed assets | 21 | €7,642 | €6,243 | -€1,399 | -18.3% |
| Tangible fixed assets | 22/27 | €122,588 | €76,064 | -€46,524 | -38.0% |
| Plant, machinery and equipment | 23 | €7,960 | €2,060 | -€5,900 | -74.1% |
| Furniture and vehicles | 24 | €42,146 | €26,554 | -€15,593 | -37.0% |
| Leasing and similar rights | 25 | €8,143 | €3,506 | -€4,637 | -56.9% |
| Other tangible fixed assets | 26 | €64,339 | €43,944 | -€20,395 | -31.7% |
| Financial fixed assets | 28 | €21,465 | €21,465 | = | 0.0% |
| Current assets | 29/58 | €366,582 | €279,678 | -€86,904 | -23.7% |
| Stocks and contracts in progress | 3 | €116,921 | €139,584 | +€22,663 | +19.4% |
| Stocks | 30/36 | €65,572 | €102,948 | +€37,376 | +57.0% |
| Contracts in progress | 37 | €51,349 | €36,636 | -€14,713 | -28.7% |
| Amounts receivable within one year | 40/41 | €105,667 | €123,727 | +€18,061 | +17.1% |
| Trade receivables | 40 | €74,508 | €96,981 | +€22,473 | +30.2% |
| Other amounts receivable | 41 | €31,158 | €26,746 | -€4,412 | -14.2% |
| Cash at bank and in hand | 54/58 | €129,844 | €4,461 | -€125,383 | -96.6% |
| Deferred charges and accrued income | 490/1 | €14,150 | €11,906 | -€2,245 | -15.9% |
| Total equity and liabilities | 10/49 | €518,784 | €383,450 | -€135,334 | -26.1% |
| Equity | 10/15 | -€257,778 | -€322,589 | -€64,811 | -25.1% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€377,778 | -€442,589 | -€64,811 | -17.2% |
| Amounts payable | 17/49 | €776,562 | €706,039 | -€70,523 | -9.1% |
| Amounts payable after more than one year | 17 | €429,805 | €322,439 | -€107,365 | -25.0% |
| Financial debts | 170/4 | €164,628 | €124,977 | -€39,651 | -24.1% |
| Other amounts payable | 178/9 | €265,177 | €197,462 | -€67,715 | -25.5% |
| Amounts payable within one year | 42/48 | €339,758 | €383,198 | +€43,440 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €47,557 | €39,651 | -€7,907 | -16.6% |
| Trade debts | 44 | €71,750 | €91,429 | +€19,679 | +27.4% |
| Suppliers | 440/4 | €71,750 | €91,429 | +€19,679 | +27.4% |
| Advances received on contracts in progress | 46 | €169,947 | €222,955 | +€53,008 | +31.2% |
| Taxes, remuneration and social security | 45 | €50,503 | €29,164 | -€21,340 | -42.3% |
| Taxes | 450/3 | €9,156 | €6,970 | -€2,186 | -23.9% |
| Remuneration and social security | 454/9 | €41,347 | €22,193 | -€19,154 | -46.3% |
| Accrued charges and deferred income | 492/3 | €7,000 | €402 | -€6,598 | -94.3% |
| Remuneration, social security and pensions | 62 | €304,259 | €301,236 | -€3,023 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,244 | €62,901 | -€14,344 | -18.6% |
| Other operating charges | 640/8 | €8,157 | €6,034 | -€2,123 | -26.0% |
| Gross operating margin | 9900 | €338,244 | €321,645 | -€16,599 | -4.9% |
| Operating profit (loss) | 9901 | -€51,416 | -€48,525 | +€2,891 | +5.6% |
| Financial income | 75/76B | €14,927 | €15,916 | +€989 | +6.6% |
| Recurring financial income | 75 | €14,927 | €15,916 | +€989 | +6.6% |
| Financial charges | 65/66B | €46,889 | €31,777 | -€15,111 | -32.2% |
| Recurring financial charges | 65 | €46,889 | €31,777 | -€15,111 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | -€83,378 | -€64,387 | +€18,991 | +22.8% |
| Income taxes | 67/77 | €644 | €425 | -€219 | -34.0% |
| Profit (loss) for the period | 9904 | -€84,022 | -€64,811 | +€19,210 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,022 | -€64,811 | +€19,210 | +22.9% |
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 21 October 2026 via checked.be.