DGC: 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.
DGC
Largest movements
- Cash +€89,908
up €89,908 (+326.6%), from €27,528 to €117,435
mainly Trade debts (+€174,049) and Depreciation (+€127,313)
- Stocks and contracts +€28,177
up €28,177 (+6.3%), from €446,080 to €474,257
- Receivables within one year +€13,880
up €13,880 (+12.4%), from €111,658 to €125,538
of which Trade receivables: +€7,118
- Trade debts +€174,049
up €174,049 (+29.7%), from €585,182 to €759,231
- Other debts -€108,408
down €108,408 (-86.9%), from €124,790 to €16,382
- Short-term financial debts -€54,487
down €54,487 (-40.4%), from €134,740 to €80,253
of which Credit institutions: -€54,487
- Tax, wage and social debts +€36,055
up €36,055 (+46.4%), from €77,663 to €113,718
of which Remuneration and social security: +€28,554
- Debts after one year +€33,333
up €33,333 (+4.3%), from €768,750 to €802,083
of which Financial debts: +€33,333
- Gross operating margin +€204,437
up €204,437 (+30.1%), from €679,955 to €884,392
- Staff costs +€183,042
up €183,042 (+37.3%), from €490,825 to €673,867
- Depreciation +€15,211
up €15,211 (+13.6%), from €112,103 to €127,313
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 | €1,193,671 | €1,313,554 | +€119,883 | +10.0% |
| Fixed assets | 21/28 | €594,306 | €582,224 | -€12,081 | -2.0% |
| Tangible fixed assets | 22/27 | €594,306 | €582,224 | -€12,081 | -2.0% |
| Plant, machinery and equipment | 23 | €13,512 | €31,900 | +€18,388 | +136.1% |
| Furniture and vehicles | 24 | €9,260 | €10,849 | +€1,589 | +17.2% |
| Other tangible fixed assets | 26 | €571,533 | €539,475 | -€32,059 | -5.6% |
| Current assets | 29/58 | €599,366 | €731,330 | +€131,964 | +22.0% |
| Stocks and contracts in progress | 3 | €446,080 | €474,257 | +€28,177 | +6.3% |
| Stocks | 30/36 | €446,080 | €474,257 | +€28,177 | +6.3% |
| Amounts receivable within one year | 40/41 | €111,658 | €125,538 | +€13,880 | +12.4% |
| Trade receivables | 40 | €108,005 | €115,123 | +€7,118 | +6.6% |
| Other amounts receivable | 41 | €3,653 | €10,415 | +€6,761 | +185.1% |
| Cash at bank and in hand | 54/58 | €27,528 | €117,435 | +€89,908 | +326.6% |
| Deferred charges and accrued income | 490/1 | €14,100 | €14,100 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,193,671 | €1,313,554 | +€119,883 | +10.0% |
| Equity | 10/15 | -€582,911 | -€578,428 | +€4,483 | +0.8% |
| Contributions | 10/11 | €213,545 | €213,545 | = | 0.0% |
| Reserves | 13 | €78,146 | €78,146 | = | 0.0% |
| Distributable reserves | 133 | €78,146 | €78,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€874,602 | -€870,118 | +€4,483 | +0.5% |
| Amounts payable | 17/49 | €1,776,582 | €1,891,981 | +€115,400 | +6.5% |
| Amounts payable after more than one year | 17 | €768,750 | €802,083 | +€33,333 | +4.3% |
| Financial debts | 170/4 | €168,750 | €202,083 | +€33,333 | +19.8% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €997,375 | €1,064,584 | +€67,209 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €95,000 | +€20,000 | +26.7% |
| Financial debts | 43 | €134,740 | €80,253 | -€54,487 | -40.4% |
| Credit institutions | 430/8 | €134,740 | €80,253 | -€54,487 | -40.4% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €585,182 | €759,231 | +€174,049 | +29.7% |
| Suppliers | 440/4 | €585,182 | €759,231 | +€174,049 | +29.7% |
| Taxes, remuneration and social security | 45 | €77,663 | €113,718 | +€36,055 | +46.4% |
| Taxes | 450/3 | €2,250 | €9,751 | +€7,501 | +333.4% |
| Remuneration and social security | 454/9 | €75,413 | €103,967 | +€28,554 | +37.9% |
| Other amounts payable | 47/48 | €124,790 | €16,382 | -€108,408 | -86.9% |
| Accrued charges and deferred income | 492/3 | €10,457 | €25,314 | +€14,858 | +142.1% |
| Remuneration, social security and pensions | 62 | €490,825 | €673,867 | +€183,042 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,103 | €127,313 | +€15,211 | +13.6% |
| Other operating charges | 640/8 | €16,821 | €17,905 | +€1,084 | +6.4% |
| Gross operating margin | 9900 | €679,955 | €884,392 | +€204,437 | +30.1% |
| Operating profit (loss) | 9901 | €60,206 | €65,307 | +€5,100 | +8.5% |
| Financial income | 75/76B | €144 | €535 | +€391 | +271.6% |
| Recurring financial income | 75 | €144 | €535 | +€391 | +271.6% |
| Financial charges | 65/66B | €57,487 | €58,540 | +€1,052 | +1.8% |
| Recurring financial charges | 65 | €57,487 | €58,540 | +€1,052 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €2,863 | €7,302 | +€4,439 | +155.1% |
| Income taxes | 67/77 | €2,250 | €2,819 | +€569 | +25.3% |
| Profit (loss) for the period | 9904 | €613 | €4,483 | +€3,870 | +631.2% |
| Profit (loss) for the period to be appropriated | 9905 | €613 | €4,483 | +€3,870 | +631.2% |
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 7 October 2026 via checked.be.