DGEO: 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.
DGEO
Largest movements
- Receivables within one year +€33,607
up €33,607 (+62.9%), from €53,417 to €87,024
of which Trade receivables: +€22,983
- Deferred charges and accrued income +€7,896
up €7,896 (+105.5%), from €7,486 to €15,382
- Cash -€5,483
down €5,483 (-39.7%), from €13,794 to €8,311
mainly Receivables within one year (-€33,607) and Investment in fixed assets (net) (-€18,132)
- Tangible fixed assets +€4,263
up €4,263 (+12.9%), from €32,934 to €37,197
of which Furniture and vehicles: +€6,315
- Tax, wage and social debts +€25,758
up €25,758 (+189.8%), from €13,568 to €39,326
of which Taxes: +€21,974
- Trade debts +€16,632
up €16,632 (+80.6%), from €20,632 to €37,264
- Current portion of long-term debt -€8,257
down €8,257 (-73.0%), from €11,315 to €3,058
- Reserves +€6,000
up €6,000 (+27.5%), from €21,820 to €27,820
of which Distributable reserves: +€6,000
- Debts after one year -€3,058
down €3,058 (-31.5%), from €9,707 to €6,649
- Gross operating margin -€13,882
down €13,882 (-27.2%), from €51,086 to €37,204
- Depreciation +€10,449
up €10,449 (+305.5%), from €3,420 to €13,869
- Financial income -€2,977
down €2,977 (-99.4%), from €2,995 to €18
- Taxes -€2,854
down €2,854 (-41.9%), from €6,813 to €3,959
- Write-downs +€1,853
up €1,853 (+25.0%), from €7,403 to €9,256
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,111 | €149,394 | +€40,283 | +36.9% |
| Fixed assets | 21/28 | €34,414 | €38,677 | +€4,263 | +12.4% |
| Tangible fixed assets | 22/27 | €32,934 | €37,197 | +€4,263 | +12.9% |
| Plant, machinery and equipment | 23 | €10,382 | €8,330 | -€2,052 | -19.8% |
| Furniture and vehicles | 24 | €22,552 | €28,867 | +€6,315 | +28.0% |
| Financial fixed assets | 28 | €1,480 | €1,480 | = | 0.0% |
| Current assets | 29/58 | €74,697 | €110,717 | +€36,020 | +48.2% |
| Amounts receivable within one year | 40/41 | €53,417 | €87,024 | +€33,607 | +62.9% |
| Trade receivables | 40 | €47,980 | €70,963 | +€22,983 | +47.9% |
| Other amounts receivable | 41 | €5,437 | €16,061 | +€10,624 | +195.4% |
| Cash at bank and in hand | 54/58 | €13,794 | €8,311 | -€5,483 | -39.7% |
| Deferred charges and accrued income | 490/1 | €7,486 | €15,382 | +€7,896 | +105.5% |
| Total equity and liabilities | 10/49 | €109,111 | €149,394 | +€40,283 | +36.9% |
| Equity | 10/15 | €40,305 | €47,313 | +€7,008 | +17.4% |
| Contributions | 10/11 | €18,200 | €18,200 | = | 0.0% |
| Capital | 10 | €18,200 | - | -€18,200 | |
| Issued capital | 100 | €18,200 | - | -€18,200 | |
| Reserves | 13 | €21,820 | €27,820 | +€6,000 | +27.5% |
| Non-distributable reserves | 130/1 | €1,820 | €1,820 | = | 0.0% |
| Legal reserve | 130 | €1,820 | - | -€1,820 | |
| Reserves not available under the articles | 1311 | - | €1,820 | +€1,820 | |
| Distributable reserves | 133 | €20,000 | €26,000 | +€6,000 | +30.0% |
| Profit (loss) carried forward | 14 | €285 | €1,293 | +€1,008 | +353.7% |
| Amounts payable | 17/49 | €68,806 | €102,081 | +€33,275 | +48.4% |
| Amounts payable after more than one year | 17 | €9,707 | €6,649 | -€3,058 | -31.5% |
| Financial debts | 170/4 | €9,707 | €6,649 | -€3,058 | -31.5% |
| Amounts payable within one year | 42/48 | €59,099 | €95,432 | +€36,333 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €11,315 | €3,058 | -€8,257 | -73.0% |
| Trade debts | 44 | €20,632 | €37,264 | +€16,632 | +80.6% |
| Suppliers | 440/4 | €20,632 | €37,264 | +€16,632 | +80.6% |
| Taxes, remuneration and social security | 45 | €13,568 | €39,326 | +€25,758 | +189.8% |
| Taxes | 450/3 | €11,808 | €33,782 | +€21,974 | +186.1% |
| Remuneration and social security | 454/9 | €1,760 | €5,544 | +€3,784 | +215.0% |
| Other amounts payable | 47/48 | €13,584 | €15,784 | +€2,200 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,420 | €13,869 | +€10,449 | +305.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,403 | €9,256 | +€1,853 | +25.0% |
| Other operating charges | 640/8 | €384 | €609 | +€225 | +58.6% |
| Non-recurring operating charges | 66A | €1,990 | €208 | -€1,782 | -89.5% |
| Gross operating margin | 9900 | €51,086 | €37,204 | -€13,882 | -27.2% |
| Operating profit (loss) | 9901 | €37,889 | €13,262 | -€24,627 | -65.0% |
| Financial income | 75/76B | €2,995 | €18 | -€2,977 | -99.4% |
| Recurring financial income | 75 | €2,995 | €18 | -€2,977 | -99.4% |
| Financial charges | 65/66B | €4,081 | €2,313 | -€1,768 | -43.3% |
| Recurring financial charges | 65 | €4,081 | €2,313 | -€1,768 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €36,803 | €10,967 | -€25,836 | -70.2% |
| Income taxes | 67/77 | €6,813 | €3,959 | -€2,854 | -41.9% |
| Profit (loss) for the period | 9904 | €29,990 | €7,008 | -€22,982 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,990 | €7,008 | -€22,982 | -76.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.