DAGO: 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.
DAGO
Largest movements
- Cash -€91,798
down €91,798 (-84.0%), from €109,255 to €17,457
mainly Contributions, distributions and other (-€215,000) and Tax, wage and social debts (-€12,273)
- Receivables within one year -€29,031
down €29,031 (-85.2%), from €34,057 to €5,026
of which Trade receivables: -€30,806
- Tangible fixed assets -€10,466
down €10,466 (-25.8%), from €40,532 to €30,066
of which Furniture and vehicles: -€10,740
- Stocks and contracts -€5,513
down €5,513 (-47.2%), from €11,676 to €6,164
- Profit (loss) carried forward -€109,923
down €109,923 (-79.2%), from €138,864 to €28,941
- Tax, wage and social debts -€12,273
down €12,273 (-50.4%), from €24,332 to €12,059
- Other debts -€7,929
down €7,929 (-60.2%), from €13,176 to €5,247
- Trade debts -€6,883
down €6,883 (-61.6%), from €11,171 to €4,288
- Gross operating margin -€14,945
down €14,945 (-9.1%), from €164,018 to €149,074
- Taxes -€4,344
down €4,344 (-13.3%), from €32,674 to €28,330
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 | €198,343 | €61,585 | -€136,757 | -69.0% |
| Fixed assets | 21/28 | €40,532 | €30,066 | -€10,466 | -25.8% |
| Tangible fixed assets | 22/27 | €40,532 | €30,066 | -€10,466 | -25.8% |
| Land and buildings | 22 | €6,157 | €3,698 | -€2,459 | -39.9% |
| Plant, machinery and equipment | 23 | €690 | €3,423 | +€2,733 | +395.8% |
| Furniture and vehicles | 24 | €33,684 | €22,945 | -€10,740 | -31.9% |
| Current assets | 29/58 | €157,811 | €31,520 | -€126,292 | -80.0% |
| Stocks and contracts in progress | 3 | €11,676 | €6,164 | -€5,513 | -47.2% |
| Stocks | 30/36 | €11,676 | €6,164 | -€5,513 | -47.2% |
| Amounts receivable within one year | 40/41 | €34,057 | €5,026 | -€29,031 | -85.2% |
| Trade receivables | 40 | €34,057 | €3,251 | -€30,806 | -90.5% |
| Other amounts receivable | 41 | - | €1,775 | +€1,775 | |
| Cash at bank and in hand | 54/58 | €109,255 | €17,457 | -€91,798 | -84.0% |
| Deferred charges and accrued income | 490/1 | €2,823 | €2,873 | +€50 | +1.8% |
| Total equity and liabilities | 10/49 | €198,343 | €61,585 | -€136,757 | -69.0% |
| Equity | 10/15 | €143,864 | €33,941 | -€109,923 | -76.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,864 | €28,941 | -€109,923 | -79.2% |
| Amounts payable | 17/49 | €54,479 | €27,644 | -€26,834 | -49.3% |
| Amounts payable within one year | 42/48 | €48,679 | €21,594 | -€27,085 | -55.6% |
| Trade debts | 44 | €11,171 | €4,288 | -€6,883 | -61.6% |
| Suppliers | 440/4 | €11,171 | €4,288 | -€6,883 | -61.6% |
| Taxes, remuneration and social security | 45 | €24,332 | €12,059 | -€12,273 | -50.4% |
| Taxes | 450/3 | €24,332 | €12,059 | -€12,273 | -50.4% |
| Other amounts payable | 47/48 | €13,176 | €5,247 | -€7,929 | -60.2% |
| Accrued charges and deferred income | 492/3 | €5,800 | €6,051 | +€251 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,972 | €14,548 | +€576 | +4.1% |
| Other operating charges | 640/8 | €849 | €1,139 | +€290 | +34.2% |
| Gross operating margin | 9900 | €164,018 | €149,074 | -€14,945 | -9.1% |
| Operating profit (loss) | 9901 | €149,197 | €133,386 | -€15,811 | -10.6% |
| Financial income | 75/76B | €166 | €354 | +€188 | +112.9% |
| Recurring financial income | 75 | €166 | €354 | +€188 | +112.9% |
| Financial charges | 65/66B | €203 | €333 | +€131 | +64.5% |
| Recurring financial charges | 65 | €203 | €333 | +€131 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | €149,161 | €133,407 | -€15,754 | -10.6% |
| Income taxes | 67/77 | €32,674 | €28,330 | -€4,344 | -13.3% |
| Profit (loss) for the period | 9904 | €116,487 | €105,077 | -€11,410 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €116,487 | €105,077 | -€11,410 | -9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.