DAGMAR: 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.
DAGMAR
Largest movements
- Cash +€54,633
up €54,633 (+30.0%), from €182,054 to €236,686
mainly Net result for the year (+€56,643) and Depreciation (+€2,259)
- Reserves +€56,640
up €56,640 (+37.4%), from €151,570 to €208,210
of which Distributable reserves: +€56,640
- Gross operating margin +€17,558
up €17,558 (+27.1%), from €64,720 to €82,278
- Taxes +€5,288
up €5,288 (+29.7%), from €17,794 to €23,081
- Depreciation -€1,600
down €1,600 (-41.5%), from €3,859 to €2,259
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 | €195,476 | €251,267 | +€55,791 | +28.5% |
| Fixed assets | 21/28 | €10,932 | €12,872 | +€1,940 | +17.7% |
| Tangible fixed assets | 22/27 | €10,932 | €12,872 | +€1,940 | +17.7% |
| Plant, machinery and equipment | 23 | €2,387 | €1,508 | -€879 | -36.8% |
| Furniture and vehicles | 24 | €8,545 | €11,364 | +€2,819 | +33.0% |
| Current assets | 29/58 | €184,544 | €238,395 | +€53,851 | +29.2% |
| Amounts receivable within one year | 40/41 | €825 | - | -€825 | |
| Trade receivables | 40 | €825 | - | -€825 | |
| Cash at bank and in hand | 54/58 | €182,054 | €236,686 | +€54,633 | +30.0% |
| Deferred charges and accrued income | 490/1 | €1,665 | €1,709 | +€43 | +2.6% |
| Total equity and liabilities | 10/49 | €195,476 | €251,267 | +€55,791 | +28.5% |
| Equity | 10/15 | €164,770 | €221,413 | +€56,643 | +34.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €151,570 | €208,210 | +€56,640 | +37.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €149,710 | €206,350 | +€56,640 | +37.8% |
| Profit (loss) carried forward | 14 | €800 | €803 | +€3 | +0.4% |
| Amounts payable | 17/49 | €30,706 | €29,854 | -€852 | -2.8% |
| Amounts payable within one year | 42/48 | €30,706 | €29,854 | -€852 | -2.8% |
| Trade debts | 44 | €1,150 | €338 | -€812 | -70.6% |
| Suppliers | 440/4 | €1,150 | €338 | -€812 | -70.6% |
| Taxes, remuneration and social security | 45 | €2,690 | €4,322 | +€1,632 | +60.7% |
| Taxes | 450/3 | €2,690 | €4,322 | +€1,632 | +60.7% |
| Other amounts payable | 47/48 | €26,867 | €25,194 | -€1,673 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,859 | €2,259 | -€1,600 | -41.5% |
| Other operating charges | 640/8 | €712 | €978 | +€266 | +37.4% |
| Gross operating margin | 9900 | €64,720 | €82,278 | +€17,558 | +27.1% |
| Operating profit (loss) | 9901 | €60,149 | €79,041 | +€18,892 | +31.4% |
| Financial income | 75/76B | €173 | €867 | +€694 | +399.9% |
| Recurring financial income | 75 | €173 | €867 | +€694 | +399.9% |
| Financial charges | 65/66B | €348 | €183 | -€165 | -47.3% |
| Recurring financial charges | 65 | €348 | €183 | -€165 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €59,974 | €79,725 | +€19,750 | +32.9% |
| Income taxes | 67/77 | €17,794 | €23,081 | +€5,288 | +29.7% |
| Profit (loss) for the period | 9904 | €42,181 | €56,643 | +€14,463 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,181 | €56,643 | +€14,463 | +34.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.