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DBDG PROJECT: 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.

What changed

DBDG PROJECT

BE 0761.382.001
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€63,464
2024 · €46,542+€16,923
Equity
€108,653
2024 · €132,732-€24,079
Cash
€71,421
2024 · €36,327+€35,095
Balance sheet total
€243,969
2024 · €185,282+€58,687

Largest movements

2024 to 2025
Assets
  • Cash +€35,095

    up €35,095 (+96.6%), from €36,327 to €71,421

    mainly Other debts (+€79,530) and Net result for the year (+€63,464)

  • Tangible fixed assets +€9,026

    up €9,026 (+94.4%), from €9,559 to €18,586

    of which Land and buildings: +€6,392

  • Receivables within one year +€8,713

    up €8,713 (+309.9%), from €2,812 to €11,524

    of which Other amounts receivable: +€7,546

  • Deferred charges and accrued income +€5,853

    up €5,853 (+4.3%), from €136,584 to €142,437

Equity and liabilities
  • Other debts +€79,530

    up €79,530 (+165.9%), from €47,945 to €127,475

  • Reserves -€24,079

    down €24,079 (-18.3%), from €131,732 to €107,653

Income statement
  • Gross operating margin +€18,739

    up €18,739 (+27.7%), from €67,764 to €86,503

  • Taxes +€2,266

    up €2,266 (+17.2%), from €13,188 to €15,454

  • Depreciation -€1,048

    down €1,048 (-16.8%), from €6,236 to €5,188

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €46,542
Gross operating margin +€18,739
Depreciation +€1,048
Other operating charges +€476
Other operating items -€707
Financial income +€1
Financial charges -€368
Taxes -€2,266
Result 2025 €63,464

Cash bridge derived

cash 2024 to 2025

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.

From operations +€136,852
Investment -€14,215
Financing -€87,543
Cash 2024 €36,327
Net result for the year +€63,464
Depreciation +€5,188
Receivables within one year -€8,713
Deferred charges and accrued income -€5,853
Trade debts +€1,498
Tax, wage and social debts +€1,737
Other debts +€79,530
Investment in fixed assets (net) -€14,215
Contributions, distributions and other -€87,543
Cash 2025 €71,421
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €185,282 €243,969 +€58,687 +31.7%
Fixed assets 21/28 €9,559 €18,586 +€9,026 +94.4%
Tangible fixed assets 22/27 €9,559 €18,586 +€9,026 +94.4%
Land and buildings 22 - €6,392 +€6,392
Plant, machinery and equipment 23 €4,823 €7,765 +€2,942 +61.0%
Furniture and vehicles 24 €4,736 €4,428 -€308 -6.5%
Current assets 29/58 €175,722 €225,383 +€49,661 +28.3%
Amounts receivable within one year 40/41 €2,812 €11,524 +€8,713 +309.9%
Trade receivables 40 - €1,167 +€1,167
Other amounts receivable 41 €2,812 €10,358 +€7,546 +268.4%
Cash at bank and in hand 54/58 €36,327 €71,421 +€35,095 +96.6%
Deferred charges and accrued income 490/1 €136,584 €142,437 +€5,853 +4.3%
Total equity and liabilities 10/49 €185,282 €243,969 +€58,687 +31.7%
Equity 10/15 €132,732 €108,653 -€24,079 -18.1%
Contributions 10/11 €1,000 €1,000 = 0.0%
Reserves 13 €131,732 €107,653 -€24,079 -18.3%
Distributable reserves 133 €131,732 €107,653 -€24,079 -18.3%
Amounts payable 17/49 €52,550 €135,315 +€82,765 +157.5%
Amounts payable within one year 42/48 €52,550 €135,315 +€82,765 +157.5%
Trade debts 44 €805 €2,303 +€1,498 +186.1%
Suppliers 440/4 €805 €2,303 +€1,498 +186.1%
Taxes, remuneration and social security 45 €3,800 €5,537 +€1,737 +45.7%
Taxes 450/3 - €5,537 +€5,537
Remuneration and social security 454/9 €3,800 - -€3,800
Other amounts payable 47/48 €47,945 €127,475 +€79,530 +165.9%
Non-recurring operating income 76A €244 €8,500 +€8,256 +3386.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €6,236 €5,188 -€1,048 -16.8%
Other operating charges 640/8 €1,659 €1,183 -€476 -28.7%
Non-recurring operating charges 66A - €707 +€707
Gross operating margin 9900 €67,764 €86,503 +€18,739 +27.7%
Operating profit (loss) 9901 €59,868 €79,425 +€19,556 +32.7%
Financial income 75/76B - €1 +€1
Recurring financial income 75 - €1 +€1
Financial charges 65/66B €138 €507 +€368 +266.4%
Recurring financial charges 65 €138 €507 +€368 +266.4%
Profit (loss) for the period before taxes 9903 €59,730 €78,918 +€19,188 +32.1%
Income taxes 67/77 €13,188 €15,454 +€2,266 +17.2%
Profit (loss) for the period 9904 €46,542 €63,464 +€16,923 +36.4%
Profit (loss) for the period to be appropriated 9905 €46,542 €63,464 +€16,923 +36.4%

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 29 September 2026 via checked.be.