DG-Vision: 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-Vision
Largest movements
- Current investments +€273,036
up €273,036 (+32.6%), from €837,133 to €1.1m
- Cash -€219,558
down €219,558 (-72.6%), from €302,471 to €82,913
mainly Current investments (-€273,036) and Contributions, distributions and other (-€182,513)
- Tangible fixed assets +€51,102
up €51,102 (+3.3%), from €1.6m to €1.6m
of which Plant, machinery and equipment: +€83,852
- Reserves +€231,707
up €231,707 (+33.0%), from €702,504 to €934,210
of which Distributable reserves: +€231,707
- Profit (loss) carried forward -€182,513
down €182,513 (-100.0%), from €182,513 to €0
- Other debts +€73,215
up €73,215 (+7.8%), from €936,403 to €1.0m
- Debts after one year -€67,593
down €67,593 (-9.3%), from €726,646 to €659,053
- Provisions +€30,240
new in 2025: €30,240
- Gross operating margin +€66,760
up €66,760 (+17.4%), from €384,539 to €451,299
- Financial charges +€34,684
up €34,684 (+135.3%), from €25,643 to €60,327
- Provisions +€30,240
new in 2025: €30,240
- Financial income +€11,604
up €11,604 (+33.1%), from €35,080 to €46,684
- Depreciation -€10,625
down €10,625 (-12.9%), from €82,451 to €71,826
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 | €2,741,511 | €2,844,728 | +€103,217 | +3.8% |
| Fixed assets | 21/28 | €1,570,417 | €1,621,519 | +€51,102 | +3.3% |
| Tangible fixed assets | 22/27 | €1,570,417 | €1,621,519 | +€51,102 | +3.3% |
| Land and buildings | 22 | €1,570,417 | €1,501,632 | -€68,785 | -4.4% |
| Plant, machinery and equipment | 23 | - | €83,852 | +€83,852 | |
| Other tangible fixed assets | 26 | - | €36,035 | +€36,035 | |
| Current assets | 29/58 | €1,171,094 | €1,223,209 | +€52,115 | +4.5% |
| Amounts receivable within one year | 40/41 | €28,252 | €26,755 | -€1,497 | -5.3% |
| Trade receivables | 40 | €7,465 | €7,851 | +€385 | +5.2% |
| Other amounts receivable | 41 | €20,787 | €18,904 | -€1,883 | -9.1% |
| Current investments | 50/53 | €837,133 | €1,110,168 | +€273,036 | +32.6% |
| Cash at bank and in hand | 54/58 | €302,471 | €82,913 | -€219,558 | -72.6% |
| Deferred charges and accrued income | 490/1 | €3,238 | €3,373 | +€135 | +4.2% |
| Total equity and liabilities | 10/49 | €2,741,511 | €2,844,728 | +€103,217 | +3.8% |
| Equity | 10/15 | €985,017 | €1,034,210 | +€49,194 | +5.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €702,504 | €934,210 | +€231,707 | +33.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €702,504 | €934,210 | +€231,707 | +33.0% |
| Profit (loss) carried forward | 14 | €182,513 | €0 | -€182,513 | -100.0% |
| Provisions and deferred taxes | 16 | - | €30,240 | +€30,240 | |
| Provisions for liabilities and charges | 160/5 | - | €30,240 | +€30,240 | |
| Other liabilities and charges | 164/5 | - | €30,240 | +€30,240 | |
| Amounts payable | 17/49 | €1,756,494 | €1,780,278 | +€23,783 | +1.4% |
| Amounts payable after more than one year | 17 | €726,646 | €659,053 | -€67,593 | -9.3% |
| Financial debts | 170/4 | €726,646 | €659,053 | -€67,593 | -9.3% |
| Amounts payable within one year | 42/48 | €1,018,608 | €1,095,196 | +€76,588 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €67,262 | €67,593 | +€331 | +0.5% |
| Trade debts | 44 | €14,942 | €17,985 | +€3,042 | +20.4% |
| Suppliers | 440/4 | €14,942 | €17,985 | +€3,042 | +20.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €936,403 | €1,009,619 | +€73,215 | +7.8% |
| Accrued charges and deferred income | 492/3 | €11,240 | €26,028 | +€14,788 | +131.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,451 | €71,826 | -€10,625 | -12.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €30,240 | +€30,240 | |
| Other operating charges | 640/8 | €11,952 | €11,421 | -€531 | -4.4% |
| Gross operating margin | 9900 | €384,539 | €451,299 | +€66,760 | +17.4% |
| Operating profit (loss) | 9901 | €290,136 | €337,812 | +€47,676 | +16.4% |
| Financial income | 75/76B | €35,080 | €46,684 | +€11,604 | +33.1% |
| Recurring financial income | 75 | €35,080 | €46,684 | +€11,604 | +33.1% |
| Financial charges | 65/66B | €25,643 | €60,327 | +€34,684 | +135.3% |
| Recurring financial charges | 65 | €25,643 | €60,327 | +€34,684 | +135.3% |
| Profit (loss) for the period before taxes | 9903 | €299,573 | €324,169 | +€24,597 | +8.2% |
| Income taxes | 67/77 | €86,286 | €92,463 | +€6,177 | +7.2% |
| Profit (loss) for the period | 9904 | €213,287 | €231,707 | +€18,420 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €213,287 | €231,707 | +€18,420 | +8.6% |
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 6 October 2026 via checked.be.