DGBO: 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.
DGBO
Largest movements
- Cash -€158,613
down €158,613 (-52.9%), from €299,981 to €141,368
mainly Contributions, distributions and other (-€463,623) and Other debts (-€107,182)
- Deferred charges and accrued income -€15,149
down €15,149 (-89.7%), from €16,881 to €1,731
- Tangible fixed assets -€14,695
down €14,695 (-2.6%), from €562,241 to €547,546
of which Furniture and vehicles: -€7,641
- Other debts -€107,182
down €107,182 (-30.2%), from €355,037 to €247,855
- Reserves -€89,743
down €89,743 (-38.1%), from €235,523 to €145,780
of which Distributable reserves: -€89,743
- Short-term financial debts +€58,646
new in 2025: €58,646
- Trade debts -€23,512
down €23,512 (-71.2%), from €33,034 to €9,522
- Debts after one year -€19,802
down €19,802 (-5.1%), from €390,940 to €371,137
- Other operating charges -€15,168
down €15,168 (-81.2%), from €18,673 to €3,505
- Gross operating margin -€6,712
down €6,712 (-1.2%), from €544,976 to €538,264
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 | €1,063,666 | €880,605 | -€183,061 | -17.2% |
| Fixed assets | 21/28 | €562,241 | €547,546 | -€14,695 | -2.6% |
| Tangible fixed assets | 22/27 | €562,241 | €547,546 | -€14,695 | -2.6% |
| Land and buildings | 22 | €519,992 | €512,499 | -€7,493 | -1.4% |
| Plant, machinery and equipment | 23 | €6,919 | €7,358 | +€440 | +6.4% |
| Furniture and vehicles | 24 | €35,329 | €27,689 | -€7,641 | -21.6% |
| Current assets | 29/58 | €501,426 | €333,059 | -€168,367 | -33.6% |
| Amounts receivable within one year | 40/41 | €184,564 | €189,959 | +€5,396 | +2.9% |
| Trade receivables | 40 | €155,407 | €176,547 | +€21,140 | +13.6% |
| Other amounts receivable | 41 | €29,157 | €13,412 | -€15,744 | -54.0% |
| Cash at bank and in hand | 54/58 | €299,981 | €141,368 | -€158,613 | -52.9% |
| Deferred charges and accrued income | 490/1 | €16,881 | €1,731 | -€15,149 | -89.7% |
| Total equity and liabilities | 10/49 | €1,063,666 | €880,605 | -€183,061 | -17.2% |
| Equity | 10/15 | €254,073 | €164,330 | -€89,743 | -35.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €235,523 | €145,780 | -€89,743 | -38.1% |
| Tax-exempt reserves | 132 | €75,780 | €75,780 | = | 0.0% |
| Distributable reserves | 133 | €159,743 | €70,000 | -€89,743 | -56.2% |
| Amounts payable | 17/49 | €809,594 | €716,275 | -€93,318 | -11.5% |
| Amounts payable after more than one year | 17 | €390,940 | €371,137 | -€19,802 | -5.1% |
| Financial debts | 170/4 | €390,940 | €371,137 | -€19,802 | -5.1% |
| Amounts payable within one year | 42/48 | €413,992 | €341,431 | -€72,561 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €25,837 | €21,438 | -€4,399 | -17.0% |
| Financial debts | 43 | - | €58,646 | +€58,646 | |
| Credit institutions | 430/8 | - | €58,646 | +€58,646 | |
| Trade debts | 44 | €33,034 | €9,522 | -€23,512 | -71.2% |
| Suppliers | 440/4 | €33,034 | €9,522 | -€23,512 | -71.2% |
| Taxes, remuneration and social security | 45 | €84 | €3,970 | +€3,886 | +4642.8% |
| Taxes | 450/3 | €84 | €3,818 | +€3,734 | +4461.2% |
| Remuneration and social security | 454/9 | - | €152 | +€152 | |
| Other amounts payable | 47/48 | €355,037 | €247,855 | -€107,182 | -30.2% |
| Accrued charges and deferred income | 492/3 | €4,662 | €3,707 | -€955 | -20.5% |
| Non-recurring operating income | 76A | - | €35,116 | +€35,116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,013 | €31,025 | -€988 | -3.1% |
| Other operating charges | 640/8 | €18,673 | €3,505 | -€15,168 | -81.2% |
| Gross operating margin | 9900 | €544,976 | €538,264 | -€6,712 | -1.2% |
| Operating profit (loss) | 9901 | €494,290 | €503,734 | +€9,444 | +1.9% |
| Financial income | 75/76B | €1,944 | €2,730 | +€786 | +40.4% |
| Recurring financial income | 75 | €1,944 | €2,730 | +€786 | +40.4% |
| Financial charges | 65/66B | €7,797 | €8,313 | +€516 | +6.6% |
| Recurring financial charges | 65 | €7,797 | €8,313 | +€516 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €488,437 | €498,151 | +€9,714 | +2.0% |
| Income taxes | 67/77 | €122,124 | €124,271 | +€2,147 | +1.8% |
| Profit (loss) for the period | 9904 | €366,313 | €373,880 | +€7,567 | +2.1% |
| Transfer from tax-exempt reserves | 789 | €71,570 | - | -€71,570 | |
| Profit (loss) for the period to be appropriated | 9905 | €437,883 | €373,880 | -€64,003 | -14.6% |
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 8 October 2026 via checked.be.