DDG: 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.
DDG
Largest movements
- Deferred charges and accrued income -€39,113
down €39,113 (-20.7%), from €188,810 to €149,697
- Cash -€38,197
down €38,197 (-27.5%), from €139,090 to €100,892
mainly Net result for the year (-€91,085) and Receivables within one year (-€20,351)
- Profit (loss) carried forward -€91,085
down €91,085 (-2.8%), from €3.2m to €3.1m
- Financial income +€37,773
up €37,773 (+84.4%), from €44,779 to €82,553
- Taxes -€9,171
down €9,171 (-79.9%), from €11,474 to €2,303
- Financial charges +€5,935
up €5,935 (+42.0%), from €14,127 to €20,062
- Gross operating margin +€5,690
up €5,690 (+3.7%), from -€151,993 to -€146,303
- Depreciation -€5,565
down €5,565 (-64.5%), from €8,624 to €3,058
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 | €3,434,959 | €3,349,089 | -€85,869 | -2.5% |
| Fixed assets | 21/28 | €1,155,125 | €1,152,067 | -€3,058 | -0.3% |
| Tangible fixed assets | 22/27 | €9,399 | €6,341 | -€3,058 | -32.5% |
| Plant, machinery and equipment | 23 | €1,391 | €0 | -€1,391 | -100.0% |
| Other tangible fixed assets | 26 | €8,009 | €6,341 | -€1,668 | -20.8% |
| Financial fixed assets | 28 | €1,145,726 | €1,145,726 | = | 0.0% |
| Current assets | 29/58 | €2,279,833 | €2,197,023 | -€82,811 | -3.6% |
| Amounts receivable after more than one year | 29 | €190,000 | €190,000 | = | 0.0% |
| Trade receivables | 290 | €190,000 | €190,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €185,214 | €205,566 | +€20,351 | +11.0% |
| Trade receivables | 40 | €67,937 | €89,423 | +€21,486 | +31.6% |
| Other amounts receivable | 41 | €117,277 | €116,143 | -€1,134 | -1.0% |
| Current investments | 50/53 | €1,576,719 | €1,550,867 | -€25,852 | -1.6% |
| Cash at bank and in hand | 54/58 | €139,090 | €100,892 | -€38,197 | -27.5% |
| Deferred charges and accrued income | 490/1 | €188,810 | €149,697 | -€39,113 | -20.7% |
| Total equity and liabilities | 10/49 | €3,434,959 | €3,349,089 | -€85,869 | -2.5% |
| Equity | 10/15 | €3,407,273 | €3,316,188 | -€91,085 | -2.7% |
| Contributions | 10/11 | €163,700 | €163,700 | = | 0.0% |
| Reserves | 13 | €17,610 | €17,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €17,610 | €17,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,225,963 | €3,134,878 | -€91,085 | -2.8% |
| Amounts payable | 17/49 | €27,686 | €32,902 | +€5,216 | +18.8% |
| Amounts payable within one year | 42/48 | €25,862 | €31,488 | +€5,626 | +21.8% |
| Trade debts | 44 | €16,459 | €18,889 | +€2,430 | +14.8% |
| Suppliers | 440/4 | €16,459 | €18,889 | +€2,430 | +14.8% |
| Taxes, remuneration and social security | 45 | €8,696 | €12,598 | +€3,902 | +44.9% |
| Taxes | 450/3 | €8,696 | €12,598 | +€3,902 | +44.9% |
| Other amounts payable | 47/48 | €706 | €0 | -€706 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,824 | €1,414 | -€410 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,624 | €3,058 | -€5,565 | -64.5% |
| Other operating charges | 640/8 | €2,183 | €1,912 | -€272 | -12.5% |
| Gross operating margin | 9900 | -€151,993 | -€146,303 | +€5,690 | +3.7% |
| Operating profit (loss) | 9901 | -€162,800 | -€151,273 | +€11,527 | +7.1% |
| Financial income | 75/76B | €44,779 | €82,553 | +€37,773 | +84.4% |
| Recurring financial income | 75 | €44,779 | €82,553 | +€37,773 | +84.4% |
| Financial charges | 65/66B | €14,127 | €20,062 | +€5,935 | +42.0% |
| Recurring financial charges | 65 | €14,127 | €20,062 | +€5,935 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | -€132,148 | -€88,782 | +€43,365 | +32.8% |
| Income taxes | 67/77 | €11,474 | €2,303 | -€9,171 | -79.9% |
| Profit (loss) for the period | 9904 | -€143,622 | -€91,085 | +€52,536 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€143,622 | -€91,085 | +€52,536 | +36.6% |
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 30 September 2026 via checked.be.