DGE INNOVATION: 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 INNOVATION
Largest movements
- Stocks and contracts +€124,312
new in 2025: €124,312
- Cash -€26,404
down €26,404 (-40.3%), from €65,548 to €39,144
mainly Stocks and contracts (-€124,312) and Other debts (-€31,546)
- Tangible fixed assets -€7,718
down €7,718 (-60.2%), from €12,818 to €5,100
of which Furniture and vehicles: -€7,186
- Receivables within one year -€6,041
down €6,041 (-35.5%), from €17,016 to €10,975
of which Trade receivables: -€4,681
- Debts after one year +€70,436
new in 2025: €70,436
- Profit (loss) carried forward +€45,756
up €45,756 (+122%), from €37,481 to €83,237
- Other debts -€31,546
down €31,546 (-89.0%), from €35,452 to €3,907
- Tax, wage and social debts +€11,225
new in 2025: €11,225
of which Taxes: +€7,825
- Trade debts -€10,583
down €10,583 (-57.5%), from €18,392 to €7,810
- Gross operating margin +€6,052
up €6,052 (+6.5%), from €92,519 to €98,571
- Financial charges +€2,392
up €2,392 (+417%), from €574 to €2,966
- Taxes +€2,100
up €2,100 (+14.3%), from €14,661 to €16,761
- Staff costs -€1,130
down €1,130 (-4.8%), from €23,638 to €22,507
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.
Derived cash bridge
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 | €100,566 | €183,432 | +€82,866 | +82.4% |
| Fixed assets | 21/28 | €12,818 | €5,100 | -€7,718 | -60.2% |
| Tangible fixed assets | 22/27 | €12,818 | €5,100 | -€7,718 | -60.2% |
| Plant, machinery and equipment | 23 | €1,703 | €1,170 | -€533 | -31.3% |
| Furniture and vehicles | 24 | €11,116 | €3,930 | -€7,186 | -64.6% |
| Current assets | 29/58 | €87,748 | €178,332 | +€90,584 | +103% |
| Stocks and contracts in progress | 3 | - | €124,312 | +€124,312 | |
| Stocks | 30/36 | - | €124,312 | +€124,312 | |
| Amounts receivable within one year | 40/41 | €17,016 | €10,975 | -€6,041 | -35.5% |
| Trade receivables | 40 | €11,622 | €6,941 | -€4,681 | -40.3% |
| Other amounts receivable | 41 | €5,394 | €4,034 | -€1,360 | -25.2% |
| Cash at bank and in hand | 54/58 | €65,548 | €39,144 | -€26,404 | -40.3% |
| Deferred charges and accrued income | 490/1 | €5,184 | €3,902 | -€1,282 | -24.7% |
| Total equity and liabilities | 10/49 | €100,566 | €183,432 | +€82,866 | +82.4% |
| Equity | 10/15 | €40,481 | €86,237 | +€45,756 | +113% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,481 | €83,237 | +€45,756 | +122% |
| Amounts payable | 17/49 | €60,085 | €97,196 | +€37,110 | +61.8% |
| Amounts payable after more than one year | 17 | - | €70,436 | +€70,436 | |
| Financial debts | 170/4 | - | €70,436 | +€70,436 | |
| Amounts payable within one year | 42/48 | €60,085 | €26,760 | -€33,326 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €6,240 | €3,818 | -€2,422 | -38.8% |
| Trade debts | 44 | €18,392 | €7,810 | -€10,583 | -57.5% |
| Suppliers | 440/4 | €18,392 | €7,810 | -€10,583 | -57.5% |
| Taxes, remuneration and social security | 45 | - | €11,225 | +€11,225 | |
| Taxes | 450/3 | - | €7,825 | +€7,825 | |
| Remuneration and social security | 454/9 | - | €3,400 | +€3,400 | |
| Other amounts payable | 47/48 | €35,452 | €3,907 | -€31,546 | -89.0% |
| Remuneration, social security and pensions | 62 | €23,638 | €22,507 | -€1,130 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,214 | €7,718 | -€496 | -6.0% |
| Other operating charges | 640/8 | €1,070 | €1,197 | +€128 | +11.9% |
| Gross operating margin | 9900 | €92,519 | €98,571 | +€6,052 | +6.5% |
| Operating profit (loss) | 9901 | €59,598 | €67,148 | +€7,550 | +12.7% |
| Financial income | 75/76B | €121 | €1 | -€120 | -99.5% |
| Recurring financial income | 75 | €121 | €1 | -€120 | -99.5% |
| Financial charges | 65/66B | €574 | €2,966 | +€2,392 | +417% |
| Recurring financial charges | 65 | €574 | €2,966 | +€2,392 | +417% |
| Profit (loss) for the period before taxes | 9903 | €59,145 | €64,182 | +€5,037 | +8.5% |
| Income taxes | 67/77 | €14,661 | €16,761 | +€2,100 | +14.3% |
| Profit (loss) for the period | 9904 | €44,485 | €47,422 | +€2,937 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,485 | €47,422 | +€2,937 | +6.6% |
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 24 October 2026 via checked.be.