DGF Holding: 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.
DGF Holding
Largest movements
- Current investments -€600,000
no longer reported in 2025 (was €600,000)
- Cash -€120,141
down €120,141 (-81.5%), from €147,420 to €27,278
mainly Tax, wage and social debts (-€709,641) and Trade debts (-€153,321)
- Receivables within one year +€32,049
up €32,049 (+39.0%), from €82,250 to €114,299
of which Trade receivables: +€72,600
- Tax, wage and social debts -€709,641
down €709,641 (-99.3%), from €714,994 to €5,354
- Trade debts -€153,321
down €153,321 (-96.5%), from €158,899 to €5,578
- Reserves +€106,664
up €106,664 (+558.3%), from €19,105 to €125,769
- Other debts +€63,204
up €63,204 (+8795.8%), from €719 to €63,923
- Financial charges -€165,762
down €165,762 (-99.8%), from €166,109 to €347
- Gross operating margin -€48,159
down €48,159 (-26.7%), from €180,490 to €132,331
- Taxes +€19,455
up €19,455 (+198.2%), from €9,818 to €29,273
- Financial income -€15,245
down €15,245 (-75.9%), from €20,084 to €4,839
of which Non-recurring financial income: -€20,084
- Other operating charges -€2,568
down €2,568 (-74.4%), from €3,454 to €885
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 | €893,716 | €205,623 | -€688,093 | -77.0% |
| Fixed assets | 21/28 | €64,047 | €64,047 | = | 0.0% |
| Tangible fixed assets | 22/27 | €64,047 | €64,047 | = | 0.0% |
| Land and buildings | 22 | €64,047 | €64,047 | = | 0.0% |
| Current assets | 29/58 | €829,670 | €141,577 | -€688,093 | -82.9% |
| Amounts receivable within one year | 40/41 | €82,250 | €114,299 | +€32,049 | +39.0% |
| Trade receivables | 40 | €36,300 | €108,900 | +€72,600 | +200.0% |
| Other amounts receivable | 41 | €45,950 | €5,399 | -€40,551 | -88.3% |
| Current investments | 50/53 | €600,000 | - | -€600,000 | |
| Cash at bank and in hand | 54/58 | €147,420 | €27,278 | -€120,141 | -81.5% |
| Total equity and liabilities | 10/49 | €893,716 | €205,623 | -€688,093 | -77.0% |
| Equity | 10/15 | €19,105 | €130,769 | +€111,664 | +584.5% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Reserves | 13 | €19,105 | €125,769 | +€106,664 | +558.3% |
| Distributable reserves | 133 | €19,105 | €125,769 | +€106,664 | +558.3% |
| Amounts payable | 17/49 | €874,612 | €74,854 | -€799,757 | -91.4% |
| Amounts payable within one year | 42/48 | €874,612 | €74,854 | -€799,757 | -91.4% |
| Trade debts | 44 | €158,899 | €5,578 | -€153,321 | -96.5% |
| Suppliers | 440/4 | €158,899 | €5,578 | -€153,321 | -96.5% |
| Taxes, remuneration and social security | 45 | €714,994 | €5,354 | -€709,641 | -99.3% |
| Taxes | 450/3 | €714,994 | €5,354 | -€709,641 | -99.3% |
| Other amounts payable | 47/48 | €719 | €63,923 | +€63,204 | +8795.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,089 | - | -€2,089 | |
| Other operating charges | 640/8 | €3,454 | €885 | -€2,568 | -74.4% |
| Gross operating margin | 9900 | €180,490 | €132,331 | -€48,159 | -26.7% |
| Operating profit (loss) | 9901 | €174,947 | €131,445 | -€43,502 | -24.9% |
| Financial income | 75/76B | €20,084 | €4,839 | -€15,245 | -75.9% |
| Recurring financial income | 75 | €20,084 | €4,839 | -€15,245 | -75.9% |
| Non-recurring financial income | 76B | €20,084 | - | -€20,084 | |
| Financial charges | 65/66B | €166,109 | €347 | -€165,762 | -99.8% |
| Recurring financial charges | 65 | €166,109 | €347 | -€165,762 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €28,922 | €135,937 | +€107,015 | +370.0% |
| Income taxes | 67/77 | €9,818 | €29,273 | +€19,455 | +198.2% |
| Profit (loss) for the period | 9904 | €19,105 | €106,664 | +€87,560 | +458.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,105 | €106,664 | +€87,560 | +458.3% |
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 11 October 2026 via checked.be.