DAGY: 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.
DAGY
Largest movements
- Cash +€251,529
up €251,529 (+87.2%), from €288,490 to €540,019
mainly Net result for the year (+€621,423) and Tax, wage and social debts (+€41,511)
- Current investments +€194,970
up €194,970 (+10.2%), from €1.9m to €2.1m
- Receivables within one year +€108,342
up €108,342 (+168%), from €64,355 to €172,697
of which Other amounts receivable: +€138,761
- Reserves +€621,423
up €621,423 (+37.3%), from €1.7m to €2.3m
of which Distributable reserves: +€605,357
- Other debts -€108,936
down €108,936 (-25.9%), from €420,107 to €311,171
- Financial income +€491,904
up €491,904 (+314%), from €156,451 to €648,355
- Taxes +€55,415
up €55,415 (+182%), from €30,440 to €85,854
- Depreciation -€25,346
down €25,346 (-38.8%), from €65,286 to €39,941
- Financial charges -€5,460
down €5,460 (-18.2%), from €29,963 to €24,504
of which Financial charges: -€5,460
- Gross operating margin +€4,679
up €4,679 (+3.7%), from €127,747 to €132,426
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 | €3,984,759 | €4,548,299 | +€563,540 | +14.1% |
| Fixed assets | 21/28 | €1,474,700 | €1,451,525 | -€23,174 | -1.6% |
| Tangible fixed assets | 22/27 | €1,474,700 | €1,451,525 | -€23,174 | -1.6% |
| Land and buildings | 22 | €1,473,153 | €1,450,889 | -€22,264 | -1.5% |
| Plant, machinery and equipment | 23 | €157 | €0 | -€157 | -100% |
| Furniture and vehicles | 24 | €1,390 | €637 | -€754 | -54.2% |
| Current assets | 29/58 | €2,510,059 | €3,096,773 | +€586,714 | +23.4% |
| Amounts receivable after more than one year | 29 | €208,500 | €226,500 | +€18,000 | +8.6% |
| Other amounts receivable | 291 | €208,500 | €226,500 | +€18,000 | +8.6% |
| Amounts receivable within one year | 40/41 | €64,355 | €172,697 | +€108,342 | +168% |
| Trade receivables | 40 | €30,419 | €0 | -€30,419 | -100% |
| Other amounts receivable | 41 | €33,936 | €172,697 | +€138,761 | +409% |
| Current investments | 50/53 | €1,911,966 | €2,106,936 | +€194,970 | +10.2% |
| Cash at bank and in hand | 54/58 | €288,490 | €540,019 | +€251,529 | +87.2% |
| Deferred charges and accrued income | 490/1 | €36,749 | €50,622 | +€13,873 | +37.8% |
| Total equity and liabilities | 10/49 | €3,984,759 | €4,548,299 | +€563,540 | +14.1% |
| Equity | 10/15 | €3,511,626 | €4,133,050 | +€621,423 | +17.7% |
| Contributions | 10/11 | €1,845,499 | €1,845,499 | = | 0.0% |
| Capital | 10 | €1,845,400 | €1,845,400 | = | 0.0% |
| Issued capital | 100 | €1,845,400 | €1,845,400 | = | 0.0% |
| Contributions outside capital | 11 | €99 | €99 | = | 0.0% |
| Share premium | 1100/10 | €99 | €99 | = | 0.0% |
| Reserves | 13 | €1,666,127 | €2,287,550 | +€621,423 | +37.3% |
| Non-distributable reserves | 130/1 | €153,360 | €184,540 | +€31,180 | +20.3% |
| Legal reserve | 130 | €153,360 | €184,540 | +€31,180 | +20.3% |
| Tax-exempt reserves | 132 | €72,938 | €57,824 | -€15,114 | -20.7% |
| Distributable reserves | 133 | €1,439,830 | €2,045,187 | +€605,357 | +42.0% |
| Provisions and deferred taxes | 16 | €27,365 | €22,327 | -€5,038 | -18.4% |
| Deferred taxes | 168 | €27,365 | €22,327 | -€5,038 | -18.4% |
| Amounts payable | 17/49 | €445,768 | €392,922 | -€52,845 | -11.9% |
| Amounts payable within one year | 42/48 | €444,243 | €387,084 | -€57,159 | -12.9% |
| Trade debts | 44 | €1,905 | €12,172 | +€10,267 | +539% |
| Suppliers | 440/4 | €1,905 | €12,172 | +€10,267 | +539% |
| Taxes, remuneration and social security | 45 | €22,230 | €63,741 | +€41,511 | +187% |
| Taxes | 450/3 | €22,230 | €63,741 | +€41,511 | +187% |
| Other amounts payable | 47/48 | €420,107 | €311,171 | -€108,936 | -25.9% |
| Accrued charges and deferred income | 492/3 | €1,525 | €5,838 | +€4,313 | +283% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,286 | €39,941 | -€25,346 | -38.8% |
| Other operating charges | 640/8 | €12,663 | €13,524 | +€861 | +6.8% |
| Non-recurring operating charges | 66A | - | €573 | +€573 | |
| Gross operating margin | 9900 | €127,747 | €132,426 | +€4,679 | +3.7% |
| Operating profit (loss) | 9901 | €49,798 | €78,388 | +€28,591 | +57.4% |
| Financial income | 75/76B | €156,451 | €648,355 | +€491,904 | +314% |
| Recurring financial income | 75 | €156,451 | €648,355 | +€491,904 | +314% |
| Financial charges | 65/66B | €29,963 | €24,504 | -€5,460 | -18.2% |
| Recurring financial charges | 65 | €29,963 | €24,504 | -€5,460 | -18.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €176,285 | €702,239 | +€525,954 | +298% |
| Transfer from deferred taxes | 780 | €5,477 | €5,038 | -€439 | -8.0% |
| Income taxes | 67/77 | €30,440 | €85,854 | +€55,415 | +182% |
| Profit (loss) for the period | 9904 | €151,323 | €621,423 | +€470,100 | +311% |
| Transfer from tax-exempt reserves | 789 | €16,432 | €15,114 | -€1,318 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €167,755 | €636,537 | +€468,782 | +279% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.