DAGOTY: 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.
DAGOTY
Largest movements
- Cash -€40,842
down €40,842 (-21.6%), from €188,661 to €147,819
mainly Advances received (-€63,638) and Trade debts (-€11,474)
- Receivables within one year +€11,345
new in 2025: €11,345
- Tangible fixed assets +€2,860
up €2,860 (+18.2%), from €15,714 to €18,574
of which Other tangible fixed assets: +€2,942
- Advances received -€63,638
no longer reported in 2025 (was €63,638)
- Reserves +€24,343
up €24,343 (+41.6%), from €58,496 to €82,839
of which Distributable reserves: +€24,343
- Other debts +€17,082
up €17,082 (+553.0%), from €3,089 to €20,170
- Trade debts -€11,474
down €11,474 (-48.1%), from €23,835 to €12,361
- Tax, wage and social debts +€7,164
up €7,164 (+16.7%), from €42,818 to €49,982
- Gross operating margin -€35,114
down €35,114 (-44.2%), from €79,466 to €44,353
- Taxes -€12,585
down €12,585 (-52.0%), from €24,209 to €11,625
- Depreciation +€1,414
up €1,414 (+50.4%), from €2,807 to €4,221
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 | €204,375 | €177,852 | -€26,523 | -13.0% |
| Fixed assets | 21/28 | €15,714 | €18,574 | +€2,860 | +18.2% |
| Tangible fixed assets | 22/27 | €15,714 | €18,574 | +€2,860 | +18.2% |
| Plant, machinery and equipment | 23 | €1,551 | €2,323 | +€772 | +49.8% |
| Furniture and vehicles | 24 | €14,163 | €13,309 | -€854 | -6.0% |
| Other tangible fixed assets | 26 | - | €2,942 | +€2,942 | |
| Current assets | 29/58 | €188,661 | €159,277 | -€29,383 | -15.6% |
| Amounts receivable within one year | 40/41 | - | €11,345 | +€11,345 | |
| Trade receivables | 40 | - | €11,345 | +€11,345 | |
| Cash at bank and in hand | 54/58 | €188,661 | €147,819 | -€40,842 | -21.6% |
| Deferred charges and accrued income | 490/1 | - | €114 | +€114 | |
| Total equity and liabilities | 10/49 | €204,375 | €177,852 | -€26,523 | -13.0% |
| Equity | 10/15 | €70,996 | €95,339 | +€24,343 | +34.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €58,496 | €82,839 | +€24,343 | +41.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €56,641 | €80,984 | +€24,343 | +43.0% |
| Amounts payable | 17/49 | €133,379 | €82,513 | -€50,866 | -38.1% |
| Amounts payable within one year | 42/48 | €133,379 | €82,513 | -€50,866 | -38.1% |
| Trade debts | 44 | €23,835 | €12,361 | -€11,474 | -48.1% |
| Suppliers | 440/4 | €23,835 | €12,361 | -€11,474 | -48.1% |
| Advances received on contracts in progress | 46 | €63,638 | - | -€63,638 | |
| Taxes, remuneration and social security | 45 | €42,818 | €49,982 | +€7,164 | +16.7% |
| Taxes | 450/3 | €42,818 | €49,982 | +€7,164 | +16.7% |
| Other amounts payable | 47/48 | €3,089 | €20,170 | +€17,082 | +553.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,807 | €4,221 | +€1,414 | +50.4% |
| Other operating charges | 640/8 | €1,638 | €1,925 | +€288 | +17.6% |
| Gross operating margin | 9900 | €79,466 | €44,353 | -€35,114 | -44.2% |
| Operating profit (loss) | 9901 | €75,022 | €38,207 | -€36,815 | -49.1% |
| Financial income | 75/76B | - | €102 | +€102 | |
| Recurring financial income | 75 | - | €102 | +€102 | |
| Financial charges | 65/66B | €898 | €1,508 | +€610 | +67.9% |
| Recurring financial charges | 65 | €898 | €1,508 | +€610 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €74,123 | €36,801 | -€37,323 | -50.4% |
| Income taxes | 67/77 | €24,209 | €11,625 | -€12,585 | -52.0% |
| Profit (loss) for the period | 9904 | €49,914 | €25,176 | -€24,738 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,914 | €25,176 | -€24,738 | -49.6% |
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 6 October 2026 via checked.be.