DGelek: what changed
DGelek
Largest movements
- Stocks and contracts -€42,789
down €42,789 (-26.8%), from €159,800 to €117,011
of which Stocks: -€54,800
- Tangible fixed assets -€41,641
down €41,641 (-8.3%), from €499,100 to €457,459
- Deferred charges and accrued income -€36,182
down €36,182 (-97.1%), from €37,268 to €1,086
- Receivables within one year -€23,842
down €23,842 (-18.8%), from €126,754 to €102,912
of which Trade receivables: -€16,229
- Cash -€21,563
down €21,563 (-64.7%), from €33,345 to €11,782
mainly Trade debts (-€58,001) and Short-term financial debts (-€50,000)
- Trade debts -€58,001
down €58,001 (-77.0%), from €75,301 to €17,300
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Debts after one year -€48,358
down €48,358 (-8.4%), from €574,939 to €526,581
of which Financial debts: -€26,358
- Other debts -€25,209
down €25,209 (-89.8%), from €28,086 to €2,877
- Profit (loss) carried forward +€14,143
up €14,143 (+279%), from €5,062 to €19,205
- Gross operating margin +€51,829
up €51,829 (+43.8%), from €118,460 to €170,289
- Staff costs +€9,141
up €9,141 (+13.1%), from €69,864 to €79,005
- Depreciation -€6,899
down €6,899 (-13.9%), from €49,539 to €42,641
- Taxes +€3,232
up €3,232 (+1,843%), from €175 to €3,408
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €863,409 | €696,394 | -€167,015 | -19.3% |
| Fixed assets | 21/28 | €506,242 | €463,602 | -€42,641 | -8.4% |
| Intangible fixed assets | 21 | €7,142 | €6,142 | -€1,000 | -14.0% |
| Tangible fixed assets | 22/27 | €499,100 | €457,459 | -€41,641 | -8.3% |
| Land and buildings | 22 | €434,485 | €418,994 | -€15,490 | -3.6% |
| Plant, machinery and equipment | 23 | €12,342 | €8,031 | -€4,312 | -34.9% |
| Furniture and vehicles | 24 | €13,157 | €4,625 | -€8,533 | -64.9% |
| Leasing and similar rights | 25 | €39,116 | €25,810 | -€13,306 | -34.0% |
| Current assets | 29/58 | €357,167 | €232,792 | -€124,375 | -34.8% |
| Stocks and contracts in progress | 3 | €159,800 | €117,011 | -€42,789 | -26.8% |
| Stocks | 30/36 | €159,800 | €105,000 | -€54,800 | -34.3% |
| Contracts in progress | 37 | €0 | €12,011 | +€12,011 | |
| Amounts receivable within one year | 40/41 | €126,754 | €102,912 | -€23,842 | -18.8% |
| Trade receivables | 40 | €111,514 | €95,286 | -€16,229 | -14.6% |
| Other amounts receivable | 41 | €15,240 | €7,626 | -€7,614 | -50.0% |
| Cash at bank and in hand | 54/58 | €33,345 | €11,782 | -€21,563 | -64.7% |
| Deferred charges and accrued income | 490/1 | €37,268 | €1,086 | -€36,182 | -97.1% |
| Total equity and liabilities | 10/49 | €863,409 | €696,394 | -€167,015 | -19.3% |
| Equity | 10/15 | €98,570 | €112,713 | +€14,143 | +14.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €83,508 | €83,508 | = | 0.0% |
| Distributable reserves | 133 | €83,508 | €83,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,062 | €19,205 | +€14,143 | +279% |
| Amounts payable | 17/49 | €764,840 | €583,681 | -€181,159 | -23.7% |
| Amounts payable after more than one year | 17 | €574,939 | €526,581 | -€48,358 | -8.4% |
| Financial debts | 170/4 | €399,939 | €373,581 | -€26,358 | -6.6% |
| Other amounts payable | 178/9 | €175,000 | €153,000 | -€22,000 | -12.6% |
| Amounts payable within one year | 42/48 | €187,647 | €57,100 | -€130,547 | -69.6% |
| Current portion of amounts payable after more than one year | 42 | €25,245 | €26,358 | +€1,113 | +4.4% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €75,301 | €17,300 | -€58,001 | -77.0% |
| Suppliers | 440/4 | €75,301 | €17,300 | -€58,001 | -77.0% |
| Taxes, remuneration and social security | 45 | €9,016 | €10,566 | +€1,550 | +17.2% |
| Taxes | 450/3 | €783 | €1,408 | +€625 | +79.9% |
| Remuneration and social security | 454/9 | €8,233 | €9,158 | +€925 | +11.2% |
| Other amounts payable | 47/48 | €28,086 | €2,877 | -€25,209 | -89.8% |
| Accrued charges and deferred income | 492/3 | €2,254 | €0 | -€2,254 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €69,864 | €79,005 | +€9,141 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,539 | €42,641 | -€6,899 | -13.9% |
| Other operating charges | 640/8 | €3,284 | €3,618 | +€333 | +10.2% |
| Gross operating margin | 9900 | €118,460 | €170,289 | +€51,829 | +43.8% |
| Operating profit (loss) | 9901 | -€4,227 | €45,026 | +€49,253 | |
| Financial income | 75/76B | €120 | €421 | +€301 | +251% |
| Recurring financial income | 75 | €120 | €421 | +€301 | +251% |
| Financial charges | 65/66B | €28,541 | €27,896 | -€645 | -2.3% |
| Recurring financial charges | 65 | €28,541 | €27,896 | -€645 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,648 | €17,551 | +€50,199 | |
| Income taxes | 67/77 | €175 | €3,408 | +€3,232 | +1,843% |
| Profit (loss) for the period | 9904 | -€32,823 | €14,143 | +€46,967 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,823 | €14,143 | +€46,967 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.