DGA-construct: 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.
DGA-construct
Largest movements
- Tangible fixed assets -€34,056
down €34,056 (-9.6%), from €356,080 to €322,024
of which Land and buildings: -€23,186
- Cash +€12,330
up €12,330 (+108.9%), from €11,325 to €23,655
mainly Depreciation (+€34,056) and Net result for the year (+€20,289)
- Receivables within one year -€11,645
down €11,645 (-36.7%), from €31,747 to €20,102
of which Trade receivables: -€8,805
- Other debts -€48,470
down €48,470 (-43.4%), from €111,646 to €63,176
- Reserves +€20,289
up €20,289 (+28.2%), from €71,873 to €92,163
- Debts after one year -€19,419
down €19,419 (-10.1%), from €192,985 to €173,566
- Trade debts +€9,207
up €9,207 (+419.7%), from €2,194 to €11,400
- Tax, wage and social debts +€6,910
up €6,910 (+13161.0%), from €53 to €6,962
of which Remuneration and social security: +€4,030
- Gross operating margin +€26,097
up €26,097 (+23.8%), from €109,636 to €135,734
- Staff costs +€8,739
up €8,739 (+15.5%), from €56,533 to €65,272
- Taxes +€6,960
up €6,960 (+176.4%), from €3,945 to €10,905
- Depreciation -€2,461
down €2,461 (-6.7%), from €36,517 to €34,056
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 | €400,729 | €369,452 | -€31,276 | -7.8% |
| Fixed assets | 21/28 | €356,370 | €322,314 | -€34,056 | -9.6% |
| Tangible fixed assets | 22/27 | €356,080 | €322,024 | -€34,056 | -9.6% |
| Land and buildings | 22 | €329,318 | €306,132 | -€23,186 | -7.0% |
| Plant, machinery and equipment | 23 | €13,079 | €9,954 | -€3,125 | -23.9% |
| Furniture and vehicles | 24 | €13,683 | €5,937 | -€7,746 | -56.6% |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €44,358 | €47,138 | +€2,780 | +6.3% |
| Amounts receivable within one year | 40/41 | €31,747 | €20,102 | -€11,645 | -36.7% |
| Trade receivables | 40 | €27,446 | €18,641 | -€8,805 | -32.1% |
| Other amounts receivable | 41 | €4,301 | €1,461 | -€2,840 | -66.0% |
| Cash at bank and in hand | 54/58 | €11,325 | €23,655 | +€12,330 | +108.9% |
| Deferred charges and accrued income | 490/1 | €1,286 | €3,381 | +€2,095 | +162.9% |
| Total equity and liabilities | 10/49 | €400,729 | €369,452 | -€31,276 | -7.8% |
| Equity | 10/15 | €71,973 | €92,263 | +€20,289 | +28.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €71,873 | €92,163 | +€20,289 | +28.2% |
| Distributable reserves | 133 | €71,873 | €92,163 | +€20,289 | +28.2% |
| Amounts payable | 17/49 | €328,755 | €277,190 | -€51,566 | -15.7% |
| Amounts payable after more than one year | 17 | €192,985 | €173,566 | -€19,419 | -10.1% |
| Financial debts | 170/4 | €192,985 | €173,566 | -€19,419 | -10.1% |
| Amounts payable within one year | 42/48 | €135,770 | €103,623 | -€32,147 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €19,174 | €19,419 | +€244 | +1.3% |
| Financial debts | 43 | €2,704 | €2,667 | -€37 | -1.4% |
| Credit institutions | 430/8 | €2,704 | €2,667 | -€37 | -1.4% |
| Trade debts | 44 | €2,194 | €11,400 | +€9,207 | +419.7% |
| Suppliers | 440/4 | €2,194 | €11,400 | +€9,207 | +419.7% |
| Taxes, remuneration and social security | 45 | €53 | €6,962 | +€6,910 | +13161.0% |
| Taxes | 450/3 | €53 | €2,932 | +€2,879 | +5484.6% |
| Remuneration and social security | 454/9 | - | €4,030 | +€4,030 | |
| Other amounts payable | 47/48 | €111,646 | €63,176 | -€48,470 | -43.4% |
| Remuneration, social security and pensions | 62 | €56,533 | €65,272 | +€8,739 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,517 | €34,056 | -€2,461 | -6.7% |
| Other operating charges | 640/8 | €2,170 | €2,863 | +€692 | +31.9% |
| Gross operating margin | 9900 | €109,636 | €135,734 | +€26,097 | +23.8% |
| Operating profit (loss) | 9901 | €14,416 | €33,543 | +€19,126 | +132.7% |
| Financial income | 75/76B | €527 | €654 | +€127 | +24.2% |
| Recurring financial income | 75 | €527 | €654 | +€127 | +24.2% |
| Financial charges | 65/66B | €3,319 | €3,002 | -€317 | -9.5% |
| Recurring financial charges | 65 | €3,319 | €3,002 | -€317 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €11,625 | €31,195 | +€19,570 | +168.3% |
| Income taxes | 67/77 | €3,945 | €10,905 | +€6,960 | +176.4% |
| Profit (loss) for the period | 9904 | €7,679 | €20,289 | +€12,610 | +164.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,679 | €20,289 | +€12,610 | +164.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.