DG-MC: 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-MC
Largest movements
- Receivables within one year +€87,401
up €87,401 (+8,885%), from €984 to €88,385
of which Trade receivables: +€88,018
- Current investments -€77,604
down €77,604 (-19.9%), from €389,378 to €311,774
- Cash -€20,383
down €20,383 (-38.6%), from €52,816 to €32,433
mainly Contributions, distributions and other (-€102,107) and Receivables within one year (-€87,401)
- Tangible fixed assets -€13,373
down €13,373 (-4.0%), from €334,186 to €320,813
of which Land and buildings: -€12,220
- Reserves -€17,725
down €17,725 (-3.1%), from €573,742 to €556,018
- Debts after one year -€13,898
down €13,898 (-9.6%), from €144,719 to €130,821
- Tax, wage and social debts +€9,612
up €9,612 (+1,687%), from €570 to €10,182
- Gross operating margin +€55,307
up €55,307 (+92.6%), from €59,705 to €115,012
- Taxes +€21,308
up €21,308 (+169%), from €12,627 to €33,934
- Financial income +€19,647
up €19,647 (+514%), from €3,821 to €23,468
- Financial charges -€3,447
down €3,447 (-52.9%), from €6,521 to €3,074
- Other operating charges +€2,030
up €2,030 (+120%), from €1,686 to €3,716
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 | €778,189 | €755,681 | -€22,508 | -2.9% |
| Fixed assets | 21/28 | €334,186 | €320,813 | -€13,373 | -4.0% |
| Tangible fixed assets | 22/27 | €334,186 | €320,813 | -€13,373 | -4.0% |
| Land and buildings | 22 | €329,058 | €316,837 | -€12,220 | -3.7% |
| Furniture and vehicles | 24 | €877 | €350 | -€527 | -60.1% |
| Other tangible fixed assets | 26 | €4,251 | €3,625 | -€627 | -14.7% |
| Current assets | 29/58 | €444,003 | €434,868 | -€9,135 | -2.1% |
| Amounts receivable within one year | 40/41 | €984 | €88,385 | +€87,401 | +8,885% |
| Trade receivables | 40 | - | €88,018 | +€88,018 | |
| Other amounts receivable | 41 | €984 | €367 | -€617 | -62.7% |
| Current investments | 50/53 | €389,378 | €311,774 | -€77,604 | -19.9% |
| Cash at bank and in hand | 54/58 | €52,816 | €32,433 | -€20,383 | -38.6% |
| Deferred charges and accrued income | 490/1 | €826 | €2,276 | +€1,450 | +176% |
| Total equity and liabilities | 10/49 | €778,189 | €755,681 | -€22,508 | -2.9% |
| Equity | 10/15 | €600,156 | €582,432 | -€17,725 | -3.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €573,742 | €556,018 | -€17,725 | -3.1% |
| Distributable reserves | 133 | €573,742 | €556,018 | -€17,725 | -3.1% |
| Profit (loss) carried forward | 14 | €7,822 | €7,822 | = | 0.0% |
| Amounts payable | 17/49 | €178,033 | €173,249 | -€4,783 | -2.7% |
| Amounts payable after more than one year | 17 | €144,719 | €130,821 | -€13,898 | -9.6% |
| Financial debts | 170/4 | €144,719 | €130,821 | -€13,898 | -9.6% |
| Amounts payable within one year | 42/48 | €33,314 | €42,429 | +€9,115 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €13,665 | €13,898 | +€233 | +1.7% |
| Trade debts | 44 | €616 | €1,646 | +€1,030 | +167% |
| Suppliers | 440/4 | €616 | €1,646 | +€1,030 | +167% |
| Taxes, remuneration and social security | 45 | €570 | €10,182 | +€9,612 | +1,687% |
| Taxes | 450/3 | €570 | €10,182 | +€9,612 | +1,687% |
| Other amounts payable | 47/48 | €18,463 | €16,703 | -€1,760 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,957 | €13,373 | -€584 | -4.2% |
| Other operating charges | 640/8 | €1,686 | €3,716 | +€2,030 | +120% |
| Gross operating margin | 9900 | €59,705 | €115,012 | +€55,307 | +92.6% |
| Operating profit (loss) | 9901 | €44,062 | €97,923 | +€53,861 | +122% |
| Financial income | 75/76B | €3,821 | €23,468 | +€19,647 | +514% |
| Recurring financial income | 75 | €3,821 | €23,468 | +€19,647 | +514% |
| Financial charges | 65/66B | €6,521 | €3,074 | -€3,447 | -52.9% |
| Recurring financial charges | 65 | €6,521 | €3,074 | -€3,447 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €41,362 | €118,317 | +€76,955 | +186% |
| Income taxes | 67/77 | €12,627 | €33,934 | +€21,308 | +169% |
| Profit (loss) for the period | 9904 | €28,736 | €84,383 | +€55,647 | +194% |
| Profit (loss) for the period to be appropriated | 9905 | €28,736 | €84,383 | +€55,647 | +194% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.