DAGO: 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.
DAGO
Largest movements
- Receivables within one year +€340,940
up €340,940 (+30.3%), from €1.1m to €1.5m
of which Other amounts receivable: +€332,937
- Stocks and contracts +€146,406
up €146,406 (+135.6%), from €107,950 to €254,356
- Cash +€62,608
up €62,608 (+27.2%), from €230,472 to €293,079
mainly Net result for the year (+€360,067) and Short-term financial debts (+€347,959)
- Deferred charges and accrued income -€47,959
down €47,959 (-90.3%), from €53,112 to €5,152
- Tangible fixed assets +€47,525
up €47,525 (+52.1%), from €91,168 to €138,693
of which Land and buildings: +€30,981
- Profit (loss) carried forward +€360,067
up €360,067 (+57.1%), from -€630,891 to -€270,824
- Short-term financial debts +€347,959
up €347,959 (+379.6%), from €91,661 to €439,620
- Current portion of long-term debt -€92,895
down €92,895 (-62.9%), from €147,773 to €54,878
- Trade debts -€42,597
down €42,597 (-12.2%), from €350,025 to €307,428
- Debts after one year -€22,103
down €22,103 (-27.4%), from €80,705 to €58,602
of which Trade debts: -€31,672
- Gross operating margin +€70,750
up €70,750 (+2.6%), from €2.7m to €2.8m
- Other operating charges +€29,730
up €29,730 (+328.0%), from €9,063 to €38,794
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,618,976 | €2,168,495 | +€549,519 | +33.9% |
| Fixed assets | 21/28 | €103,348 | €150,873 | +€47,525 | +46.0% |
| Tangible fixed assets | 22/27 | €91,168 | €138,693 | +€47,525 | +52.1% |
| Land and buildings | 22 | €63,413 | €94,394 | +€30,981 | +48.9% |
| Furniture and vehicles | 24 | €27,755 | €44,299 | +€16,544 | +59.6% |
| Financial fixed assets | 28 | €12,180 | €12,180 | = | 0.0% |
| Current assets | 29/58 | €1,515,628 | €2,017,623 | +€501,994 | +33.1% |
| Stocks and contracts in progress | 3 | €107,950 | €254,356 | +€146,406 | +135.6% |
| Stocks | 30/36 | €107,950 | €254,356 | +€146,406 | +135.6% |
| Amounts receivable within one year | 40/41 | €1,124,095 | €1,465,035 | +€340,940 | +30.3% |
| Trade receivables | 40 | €676,028 | €684,031 | +€8,004 | +1.2% |
| Other amounts receivable | 41 | €448,067 | €781,004 | +€332,937 | +74.3% |
| Cash at bank and in hand | 54/58 | €230,472 | €293,079 | +€62,608 | +27.2% |
| Deferred charges and accrued income | 490/1 | €53,112 | €5,152 | -€47,959 | -90.3% |
| Total equity and liabilities | 10/49 | €1,618,976 | €2,168,495 | +€549,519 | +33.9% |
| Equity | 10/15 | €688,787 | €1,048,854 | +€360,067 | +52.3% |
| Contributions | 10/11 | €593,000 | €593,000 | = | 0.0% |
| Capital | 10 | €593,000 | €593,000 | = | 0.0% |
| Issued capital | 100 | €593,000 | €593,000 | = | 0.0% |
| Reserves | 13 | €726,678 | €726,678 | = | 0.0% |
| Non-distributable reserves | 130/1 | €356,772 | €356,772 | = | 0.0% |
| Legal reserve | 130 | €59,300 | €59,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €297,472 | €297,472 | = | 0.0% |
| Tax-exempt reserves | 132 | €369,906 | €369,906 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€630,891 | -€270,824 | +€360,067 | +57.1% |
| Amounts payable | 17/49 | €930,189 | €1,119,641 | +€189,452 | +20.4% |
| Amounts payable after more than one year | 17 | €80,705 | €58,602 | -€22,103 | -27.4% |
| Financial debts | 170/4 | €33,750 | €43,319 | +€9,569 | +28.4% |
| Trade debts | 175 | €46,955 | €15,283 | -€31,672 | -67.5% |
| Amounts payable within one year | 42/48 | €848,141 | €1,061,039 | +€212,899 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €147,773 | €54,878 | -€92,895 | -62.9% |
| Financial debts | 43 | €91,661 | €439,620 | +€347,959 | +379.6% |
| Credit institutions | 430/8 | €91,661 | €439,620 | +€347,959 | +379.6% |
| Trade debts | 44 | €350,025 | €307,428 | -€42,597 | -12.2% |
| Suppliers | 440/4 | €350,025 | €307,428 | -€42,597 | -12.2% |
| Taxes, remuneration and social security | 45 | €258,681 | €259,113 | +€432 | +0.2% |
| Taxes | 450/3 | €1,555 | €3,768 | +€2,212 | +142.2% |
| Remuneration and social security | 454/9 | €257,126 | €255,345 | -€1,780 | -0.7% |
| Accrued charges and deferred income | 492/3 | €1,343 | - | -€1,343 | |
| Non-recurring operating income | 76A | - | €13,569 | +€13,569 | |
| Remuneration, social security and pensions | 62 | €2,374,241 | €2,394,939 | +€20,698 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,732 | €15,620 | +€6,888 | +78.9% |
| Other operating charges | 640/8 | €9,063 | €38,794 | +€29,730 | +328.0% |
| Non-recurring operating charges | 66A | €139 | - | -€139 | |
| Gross operating margin | 9900 | €2,744,797 | €2,815,547 | +€70,750 | +2.6% |
| Operating profit (loss) | 9901 | €352,621 | €366,194 | +€13,572 | +3.8% |
| Financial income | 75/76B | €15,593 | €41,464 | +€25,871 | +165.9% |
| Recurring financial income | 75 | €8,831 | €13,210 | +€4,379 | +49.6% |
| Non-recurring financial income | 76B | €6,762 | €28,254 | +€21,492 | +317.8% |
| Financial charges | 65/66B | €32,985 | €45,981 | +€12,996 | +39.4% |
| Recurring financial charges | 65 | €32,985 | €42,371 | +€9,386 | +28.5% |
| Non-recurring financial charges | 66B | - | €3,610 | +€3,610 | |
| Profit (loss) for the period before taxes | 9903 | €335,229 | €361,677 | +€26,447 | +7.9% |
| Income taxes | 67/77 | €1,823 | €1,610 | -€213 | -11.7% |
| Profit (loss) for the period | 9904 | €333,406 | €360,067 | +€26,660 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €333,406 | €360,067 | +€26,660 | +8.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.