DG & CIE: 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.
DG & CIE
Largest movements
- Receivables within one year +€143,564
up €143,564 (+4,300%), from €3,339 to €146,903
of which Other amounts receivable: +€98,189
- Financial fixed assets +€100,000
up €100,000 (+14.4%), from €692,485 to €792,485
- Cash -€44,406
down €44,406 (-99.6%), from €44,599 to €194
mainly Receivables within one year (-€143,564) and Investment in fixed assets (net) (-€100,000)
- Other debts +€96,990
up €96,990 (+573%), from €16,921 to €113,912
- Debts after one year +€60,235
up €60,235 (+13.1%), from €461,077 to €521,312
of which Financial debts: +€60,235
- Reserves +€45,680
up €45,680 (+66.1%), from €69,155 to €114,835
- Taxes +€3,304
up €3,304 (+21.2%), from €15,580 to €18,883
- Gross operating margin -€2,888
down €2,888 (-3.6%), from €79,188 to €76,300
- Financial charges +€1,598
up €1,598 (+17.6%), from €9,105 to €10,703
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 | €745,108 | €943,185 | +€198,077 | +26.6% |
| Fixed assets | 21/28 | €692,485 | €792,485 | +€100,000 | +14.4% |
| Financial fixed assets | 28 | €692,485 | €792,485 | +€100,000 | +14.4% |
| Current assets | 29/58 | €52,623 | €150,699 | +€98,077 | +186% |
| Amounts receivable within one year | 40/41 | €3,339 | €146,903 | +€143,564 | +4,300% |
| Trade receivables | 40 | €1,528 | €46,903 | +€45,375 | +2,970% |
| Other amounts receivable | 41 | €1,811 | €100,000 | +€98,189 | +5,421% |
| Cash at bank and in hand | 54/58 | €44,599 | €194 | -€44,406 | -99.6% |
| Deferred charges and accrued income | 490/1 | €4,684 | €3,603 | -€1,081 | -23.1% |
| Total equity and liabilities | 10/49 | €745,108 | €943,185 | +€198,077 | +26.6% |
| Equity | 10/15 | €191,046 | €236,726 | +€45,680 | +23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,155 | €114,835 | +€45,680 | +66.1% |
| Distributable reserves | 133 | €69,155 | €114,835 | +€45,680 | +66.1% |
| Profit (loss) carried forward | 14 | €103,291 | €103,291 | = | 0.0% |
| Amounts payable | 17/49 | €554,062 | €706,458 | +€152,396 | +27.5% |
| Amounts payable after more than one year | 17 | €461,077 | €521,312 | +€60,235 | +13.1% |
| Financial debts | 170/4 | €261,077 | €321,312 | +€60,235 | +23.1% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €92,162 | €185,146 | +€92,984 | +101% |
| Current portion of amounts payable after more than one year | 42 | €45,438 | €45,006 | -€433 | -1.0% |
| Financial debts | 43 | - | €5,047 | +€5,047 | |
| Credit institutions | 430/8 | - | €5,047 | +€5,047 | |
| Trade debts | 44 | €1,565 | €700 | -€864 | -55.2% |
| Suppliers | 440/4 | €1,565 | €700 | -€864 | -55.2% |
| Taxes, remuneration and social security | 45 | €28,238 | €20,482 | -€7,756 | -27.5% |
| Taxes | 450/3 | €28,238 | €20,482 | -€7,756 | -27.5% |
| Other amounts payable | 47/48 | €16,921 | €113,912 | +€96,990 | +573% |
| Accrued charges and deferred income | 492/3 | €823 | - | -€823 | |
| Other operating charges | 640/8 | €907 | €1,033 | +€126 | +13.9% |
| Gross operating margin | 9900 | €79,188 | €76,300 | -€2,888 | -3.6% |
| Operating profit (loss) | 9901 | €78,281 | €75,267 | -€3,014 | -3.9% |
| Financial charges | 65/66B | €9,105 | €10,703 | +€1,598 | +17.6% |
| Recurring financial charges | 65 | €9,105 | €10,703 | +€1,598 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €69,175 | €64,563 | -€4,612 | -6.7% |
| Income taxes | 67/77 | €15,580 | €18,883 | +€3,304 | +21.2% |
| Profit (loss) for the period | 9904 | €53,596 | €45,680 | -€7,915 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,596 | €45,680 | -€7,915 | -14.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.