DGE: 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.
DGE
Largest movements
- Stocks and contracts -€50,000
down €50,000 (-40.0%), from €125,000 to €75,000
- Receivables within one year +€4,379
up €4,379 (+3.3%), from €133,551 to €137,930
of which Other amounts receivable: +€4,379
- Profit (loss) carried forward -€57,545
down €57,545 (-13.9%), from -€414,085 to -€471,630
- Other debts -€27,043
down €27,043 (-15.6%), from €173,845 to €146,802
- Trade debts +€22,631
up €22,631 (+255.3%), from €8,866 to €31,497
- Accrued charges and deferred income +€15,262
up €15,262 (+25.4%), from €60,177 to €75,439
- Gross operating margin -€34,110
down €34,110 (-503.5%), from -€6,774 to -€40,884
- Other operating charges -€2,742
down €2,742 (-80.9%), from €3,389 to €647
- Financial charges -€2,008
down €2,008 (-11.3%), from €17,778 to €15,770
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 | €260,286 | €213,721 | -€46,565 | -17.9% |
| Fixed assets | 21/28 | €226 | €97 | -€129 | -57.1% |
| Tangible fixed assets | 22/27 | €226 | €97 | -€129 | -57.1% |
| Furniture and vehicles | 24 | €226 | €97 | -€129 | -57.1% |
| Current assets | 29/58 | €260,060 | €213,624 | -€46,436 | -17.9% |
| Stocks and contracts in progress | 3 | €125,000 | €75,000 | -€50,000 | -40.0% |
| Contracts in progress | 37 | €125,000 | €75,000 | -€50,000 | -40.0% |
| Amounts receivable within one year | 40/41 | €133,551 | €137,930 | +€4,379 | +3.3% |
| Trade receivables | 40 | €122,971 | €122,971 | = | 0.0% |
| Other amounts receivable | 41 | €10,580 | €14,959 | +€4,379 | +41.4% |
| Cash at bank and in hand | 54/58 | €908 | €604 | -€304 | -33.5% |
| Deferred charges and accrued income | 490/1 | €601 | €90 | -€511 | -85.0% |
| Total equity and liabilities | 10/49 | €260,286 | €213,721 | -€46,565 | -17.9% |
| Equity | 10/15 | -€198,535 | -€256,080 | -€57,545 | -29.0% |
| Contributions | 10/11 | €113,300 | €113,300 | = | 0.0% |
| Reserves | 13 | €102,250 | €102,250 | = | 0.0% |
| Distributable reserves | 133 | €102,250 | €102,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€414,085 | -€471,630 | -€57,545 | -13.9% |
| Amounts payable | 17/49 | €458,821 | €469,801 | +€10,980 | +2.4% |
| Amounts payable after more than one year | 17 | €215,550 | €215,550 | = | 0.0% |
| Other amounts payable | 178/9 | €215,550 | €215,550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €183,094 | €178,812 | -€4,282 | -2.3% |
| Trade debts | 44 | €8,866 | €31,497 | +€22,631 | +255.3% |
| Suppliers | 440/4 | €8,866 | €31,497 | +€22,631 | +255.3% |
| Taxes, remuneration and social security | 45 | €383 | €513 | +€130 | +33.9% |
| Taxes | 450/3 | €383 | €513 | +€130 | +33.9% |
| Other amounts payable | 47/48 | €173,845 | €146,802 | -€27,043 | -15.6% |
| Accrued charges and deferred income | 492/3 | €60,177 | €75,439 | +€15,262 | +25.4% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €431 | €129 | -€302 | -70.1% |
| Other operating charges | 640/8 | €3,389 | €647 | -€2,742 | -80.9% |
| Gross operating margin | 9900 | -€6,774 | -€40,884 | -€34,110 | -503.5% |
| Operating profit (loss) | 9901 | -€10,594 | -€41,660 | -€31,066 | -293.2% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €17,778 | €15,770 | -€2,008 | -11.3% |
| Recurring financial charges | 65 | €17,778 | €15,770 | -€2,008 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,370 | -€57,430 | -€29,060 | -102.4% |
| Income taxes | 67/77 | €383 | €115 | -€268 | -70.0% |
| Profit (loss) for the period | 9904 | -€28,753 | -€57,545 | -€28,792 | -100.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,753 | -€57,545 | -€28,792 | -100.1% |
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 10 October 2026 via checked.be.