DG E-COM: 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.
DG E-COM
Largest movements
- Cash +€3,774
up €3,774 (+824.7%), from €458 to €4,232
mainly Debts after one year (+€8,600) and Tax, wage and social debts (+€1,175)
- Receivables within one year +€353
up €353 (+161.1%), from €219 to €572
of which Trade receivables: +€301
- Debts after one year +€8,600
up €8,600 (+94.0%), from €9,150 to €17,750
- Profit (loss) carried forward -€5,568
down €5,568 (-45.0%), from -€12,372 to -€17,939
- Tax, wage and social debts +€1,175
up €1,175 (+686.1%), from €171 to €1,346
- Trade debts -€80
down €80 (-11.0%), from €727 to €647
- Gross operating margin +€3,022
up €3,022 (+42.9%), from -€7,048 to -€4,026
- Financial charges +€1,144
up €1,144 (+541.0%), from €211 to €1,355
- Depreciation -€260
no longer reported in 2025 (was €260)
- Other operating charges +€187
new in 2025: €187
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 | €677 | €4,804 | +€4,127 | +609.8% |
| Current assets | 29/58 | €677 | €4,804 | +€4,127 | +609.8% |
| Amounts receivable within one year | 40/41 | €219 | €572 | +€353 | +161.1% |
| Trade receivables | 40 | €45 | €346 | +€301 | +661.4% |
| Other amounts receivable | 41 | €174 | €226 | +€53 | +30.2% |
| Cash at bank and in hand | 54/58 | €458 | €4,232 | +€3,774 | +824.7% |
| Total equity and liabilities | 10/49 | €677 | €4,804 | +€4,127 | +609.8% |
| Equity | 10/15 | -€9,372 | -€14,939 | -€5,568 | -59.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,372 | -€17,939 | -€5,568 | -45.0% |
| Amounts payable | 17/49 | €10,049 | €19,744 | +€9,695 | +96.5% |
| Amounts payable after more than one year | 17 | €9,150 | €17,750 | +€8,600 | +94.0% |
| Financial debts | 170/4 | €9,150 | €17,750 | +€8,600 | +94.0% |
| Amounts payable within one year | 42/48 | €899 | €1,994 | +€1,095 | +121.9% |
| Trade debts | 44 | €727 | €647 | -€80 | -11.0% |
| Suppliers | 440/4 | €727 | €647 | -€80 | -11.0% |
| Taxes, remuneration and social security | 45 | €171 | €1,346 | +€1,175 | +686.1% |
| Taxes | 450/3 | €171 | €1,346 | +€1,175 | +686.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260 | - | -€260 | |
| Other operating charges | 640/8 | - | €187 | +€187 | |
| Gross operating margin | 9900 | -€7,048 | -€4,026 | +€3,022 | +42.9% |
| Operating profit (loss) | 9901 | -€7,308 | -€4,212 | +€3,096 | +42.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €211 | €1,355 | +€1,144 | +541.0% |
| Recurring financial charges | 65 | €211 | €1,355 | +€1,144 | +541.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,520 | -€5,568 | +€1,952 | +26.0% |
| Profit (loss) for the period | 9904 | -€7,520 | -€5,568 | +€1,952 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,520 | -€5,568 | +€1,952 | +26.0% |
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 3 October 2026 via checked.be.