DG TWO: 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 TWO
Largest movements
- Stocks and contracts +€1.2m
new in 2025: €1.2m
- Cash +€34,476
up €34,476 (+930%), from €3,706 to €38,182
mainly Other debts (+€862,000) and Debts after one year (+€525,712)
- Deferred charges and accrued income +€21,349
new in 2025: €21,349
- Receivables within one year +€12,725
up €12,725 (+1,515%), from €840 to €13,565
of which Other amounts receivable: +€13,565
- Other debts +€862,000
new in 2025: €862,000
- Debts after one year +€525,712
new in 2025: €525,712
- Profit (loss) carried forward -€104,126
down €104,126 (-141%), from -€73,936 to -€178,062
- Trade debts -€47,495
down €47,495 (-79.9%), from €59,452 to €11,958
- Advances received +€25,000
new in 2025: €25,000
- Gross operating margin -€40,605
down €40,605 (-507%), from -€8,001 to -€48,606
- Staff costs -€17,461
down €17,461 (-28.6%), from €60,972 to €43,511
- Financial charges +€7,006
up €7,006 (+352%), from €1,989 to €8,995
- Other operating charges +€1,462
up €1,462 (+94.9%), from €1,542 to €3,004
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 | €4,810 | €1,259,648 | +€1.3m | +26,086% |
| Fixed assets | 21/28 | €265 | €2,250 | +€1,986 | +750% |
| Tangible fixed assets | 22/27 | - | €1,986 | +€1,986 | |
| Furniture and vehicles | 24 | - | €1,986 | +€1,986 | |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €4,546 | €1,257,397 | +€1.3m | +27,561% |
| Stocks and contracts in progress | 3 | - | €1,184,302 | +€1.2m | |
| Stocks | 30/36 | - | €1,184,302 | +€1.2m | |
| Amounts receivable within one year | 40/41 | €840 | €13,565 | +€12,725 | +1,515% |
| Trade receivables | 40 | €840 | - | -€840 | |
| Other amounts receivable | 41 | - | €13,565 | +€13,565 | |
| Cash at bank and in hand | 54/58 | €3,706 | €38,182 | +€34,476 | +930% |
| Deferred charges and accrued income | 490/1 | - | €21,349 | +€21,349 | |
| Total equity and liabilities | 10/49 | €4,810 | €1,259,648 | +€1.3m | +26,086% |
| Equity | 10/15 | -€68,936 | -€173,062 | -€104,126 | -151% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,936 | -€178,062 | -€104,126 | -141% |
| Amounts payable | 17/49 | €73,747 | €1,432,710 | +€1.4m | +1,843% |
| Amounts payable after more than one year | 17 | - | €525,712 | +€525,712 | |
| Financial debts | 170/4 | - | €525,712 | +€525,712 | |
| Amounts payable within one year | 42/48 | €73,747 | €906,998 | +€833,251 | +1,130% |
| Trade debts | 44 | €59,452 | €11,958 | -€47,495 | -79.9% |
| Suppliers | 440/4 | €59,452 | €11,958 | -€47,495 | -79.9% |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Taxes, remuneration and social security | 45 | €14,295 | €8,040 | -€6,254 | -43.8% |
| Taxes | 450/3 | €10,144 | - | -€10,144 | |
| Remuneration and social security | 454/9 | €4,151 | €8,040 | +€3,890 | +93.7% |
| Other amounts payable | 47/48 | - | €862,000 | +€862,000 | |
| Remuneration, social security and pensions | 62 | €60,972 | €43,511 | -€17,461 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10 | +€10 | |
| Other operating charges | 640/8 | €1,542 | €3,004 | +€1,462 | +94.9% |
| Gross operating margin | 9900 | -€8,001 | -€48,606 | -€40,605 | -507% |
| Operating profit (loss) | 9901 | -€70,515 | -€95,131 | -€24,616 | -34.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,989 | €8,995 | +€7,006 | +352% |
| Recurring financial charges | 65 | €1,989 | €8,995 | +€7,006 | +352% |
| Profit (loss) for the period before taxes | 9903 | -€72,505 | -€104,126 | -€31,621 | -43.6% |
| Profit (loss) for the period | 9904 | -€72,505 | -€104,126 | -€31,621 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,505 | -€104,126 | -€31,621 | -43.6% |
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 16 October 2026 via checked.be.