DG GROUP: 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 GROUP
Largest movements
- Current investments -€258,750
down €258,750 (-100%), from €258,750 to €0
- Cash +€39,943
up €39,943 (+31.6%), from €126,281 to €166,224
mainly Current investments (+€258,750) and Other debts (+€19,694)
- Receivables within one year -€18,403
down €18,403 (-6.7%), from €273,415 to €255,012
of which Trade receivables: -€15,345
- Reserves -€276,931
down €276,931 (-30.2%), from €916,920 to €639,989
of which Distributable reserves: -€276,931
- Other debts +€19,694
up €19,694 (+2,546%), from €774 to €20,468
- Tax, wage and social debts +€13,332
up €13,332, from €0 to €13,332
- Gross operating margin -€10,199
down €10,199 (-29.3%), from €34,763 to €24,564
- Taxes -€5,542
down €5,542 (-47.1%), from €11,755 to €6,213
- Financial income -€4,100
down €4,100 (-45.3%), from €9,050 to €4,950
- Financial charges -€852
down €852 (-44.8%), from €1,903 to €1,051
- Other operating charges +€620
up €620 (+83.2%), from €746 to €1,366
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €938,453 | €694,181 | -€244,272 | -26.0% |
| Fixed assets | 21/28 | €261,038 | €259,695 | -€1,343 | -0.5% |
| Tangible fixed assets | 22/27 | €5,038 | €3,695 | -€1,343 | -26.7% |
| Plant, machinery and equipment | 23 | €4,875 | €3,000 | -€1,875 | -38.5% |
| Furniture and vehicles | 24 | €163 | €695 | +€532 | +326% |
| Financial fixed assets | 28 | €256,000 | €256,000 | = | 0.0% |
| Current assets | 29/58 | €677,415 | €434,486 | -€242,929 | -35.9% |
| Amounts receivable within one year | 40/41 | €273,415 | €255,012 | -€18,403 | -6.7% |
| Trade receivables | 40 | €148,327 | €132,982 | -€15,345 | -10.3% |
| Other amounts receivable | 41 | €125,088 | €122,031 | -€3,057 | -2.4% |
| Current investments | 50/53 | €258,750 | €0 | -€258,750 | -100% |
| Cash at bank and in hand | 54/58 | €126,281 | €166,224 | +€39,943 | +31.6% |
| Deferred charges and accrued income | 490/1 | €18,969 | €13,249 | -€5,719 | -30.2% |
| Total equity and liabilities | 10/49 | €938,453 | €694,181 | -€244,272 | -26.0% |
| Equity | 10/15 | €935,520 | €658,589 | -€276,931 | -29.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €916,920 | €639,989 | -€276,931 | -30.2% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €913,920 | €636,989 | -€276,931 | -30.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,933 | €35,592 | +€32,659 | +1,114% |
| Amounts payable within one year | 42/48 | €2,933 | €35,592 | +€32,659 | +1,114% |
| Trade debts | 44 | €2,159 | €1,793 | -€366 | -17.0% |
| Suppliers | 440/4 | €2,159 | €1,793 | -€366 | -17.0% |
| Taxes, remuneration and social security | 45 | €0 | €13,332 | +€13,332 | |
| Taxes | 450/3 | €0 | €13,332 | +€13,332 | |
| Other amounts payable | 47/48 | €774 | €20,468 | +€19,694 | +2,546% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,146 | €2,294 | +€148 | +6.9% |
| Other operating charges | 640/8 | €746 | €1,366 | +€620 | +83.2% |
| Gross operating margin | 9900 | €34,763 | €24,564 | -€10,199 | -29.3% |
| Operating profit (loss) | 9901 | €31,871 | €20,903 | -€10,968 | -34.4% |
| Financial income | 75/76B | €9,050 | €4,950 | -€4,100 | -45.3% |
| Recurring financial income | 75 | €9,050 | €4,950 | -€4,100 | -45.3% |
| Financial charges | 65/66B | €1,903 | €1,051 | -€852 | -44.8% |
| Recurring financial charges | 65 | €1,903 | €1,051 | -€852 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €39,017 | €24,802 | -€14,215 | -36.4% |
| Income taxes | 67/77 | €11,755 | €6,213 | -€5,542 | -47.1% |
| Profit (loss) for the period | 9904 | €27,263 | €18,589 | -€8,674 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,263 | €18,589 | -€8,674 | -31.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.