DGH: 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.
DGH
Largest movements
- Cash +€46,200
up €46,200 (+27.0%), from €171,387 to €217,587
mainly Stocks and contracts (+€31,374) and Depreciation (+€29,847)
- Stocks and contracts -€31,374
down €31,374 (-38.2%), from €82,046 to €50,673
- Tangible fixed assets +€5,070
up €5,070 (+7.7%), from €66,266 to €71,336
of which Furniture and vehicles: +€11,887
- Deferred charges and accrued income -€4,265
down €4,265 (-40.9%), from €10,421 to €6,156
- Reserves +€26,400
up €26,400 (+41.9%), from €63,000 to €89,400
- Trade debts -€9,883
down €9,883 (-32.7%), from €30,221 to €20,338
- Tax, wage and social debts +€8,747
up €8,747 (+8.8%), from €99,574 to €108,321
of which Taxes: +€8,875
- Other debts -€7,989
down €7,989 (-14.8%), from €54,159 to €46,170
- Current portion of long-term debt -€5,539
down €5,539 (-25.5%), from €21,731 to €16,192
- Gross operating margin +€41,735
up €41,735 (+25.9%), from €161,263 to €202,998
- Staff costs -€3,300
down €3,300 (-2.4%), from €137,307 to €134,006
- Depreciation -€2,764
down €2,764 (-8.5%), from €32,611 to €29,847
- Taxes +€2,617
up €2,617 (+1,488%), from €176 to €2,793
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 | €353,111 | €367,642 | +€14,531 | +4.1% |
| Fixed assets | 21/28 | €70,065 | €74,847 | +€4,782 | +6.8% |
| Intangible fixed assets | 21 | €799 | €511 | -€288 | -36.0% |
| Tangible fixed assets | 22/27 | €66,266 | €71,336 | +€5,070 | +7.7% |
| Plant, machinery and equipment | 23 | €3,583 | €1,609 | -€1,974 | -55.1% |
| Furniture and vehicles | 24 | €44,368 | €56,255 | +€11,887 | +26.8% |
| Other tangible fixed assets | 26 | €18,315 | €13,472 | -€4,843 | -26.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €283,046 | €292,795 | +€9,749 | +3.4% |
| Stocks and contracts in progress | 3 | €82,046 | €50,673 | -€31,374 | -38.2% |
| Stocks | 30/36 | €82,046 | €50,673 | -€31,374 | -38.2% |
| Amounts receivable within one year | 40/41 | €19,192 | €18,380 | -€812 | -4.2% |
| Trade receivables | 40 | €2,820 | €6,820 | +€4,000 | +142% |
| Other amounts receivable | 41 | €16,373 | €11,560 | -€4,813 | -29.4% |
| Cash at bank and in hand | 54/58 | €171,387 | €217,587 | +€46,200 | +27.0% |
| Deferred charges and accrued income | 490/1 | €10,421 | €6,156 | -€4,265 | -40.9% |
| Total equity and liabilities | 10/49 | €353,111 | €367,642 | +€14,531 | +4.1% |
| Equity | 10/15 | €118,130 | €143,184 | +€25,054 | +21.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €63,000 | €89,400 | +€26,400 | +41.9% |
| Distributable reserves | 133 | €63,000 | €89,400 | +€26,400 | +41.9% |
| Profit (loss) carried forward | 14 | €25,130 | €23,784 | -€1,346 | -5.4% |
| Amounts payable | 17/49 | €234,981 | €224,458 | -€10,523 | -4.5% |
| Amounts payable after more than one year | 17 | €28,480 | €32,620 | +€4,140 | +14.5% |
| Financial debts | 170/4 | €28,480 | €32,620 | +€4,140 | +14.5% |
| Amounts payable within one year | 42/48 | €205,685 | €191,021 | -€14,664 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €21,731 | €16,192 | -€5,539 | -25.5% |
| Trade debts | 44 | €30,221 | €20,338 | -€9,883 | -32.7% |
| Suppliers | 440/4 | €30,221 | €20,338 | -€9,883 | -32.7% |
| Taxes, remuneration and social security | 45 | €99,574 | €108,321 | +€8,747 | +8.8% |
| Taxes | 450/3 | €69,628 | €78,503 | +€8,875 | +12.7% |
| Remuneration and social security | 454/9 | €29,946 | €29,818 | -€128 | -0.4% |
| Other amounts payable | 47/48 | €54,159 | €46,170 | -€7,989 | -14.8% |
| Accrued charges and deferred income | 492/3 | €816 | €817 | +€1 | +0.2% |
| Remuneration, social security and pensions | 62 | €137,307 | €134,006 | -€3,300 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,611 | €29,847 | -€2,764 | -8.5% |
| Other operating charges | 640/8 | €1,610 | €1,688 | +€78 | +4.8% |
| Gross operating margin | 9900 | €161,263 | €202,998 | +€41,735 | +25.9% |
| Operating profit (loss) | 9901 | -€10,265 | €37,457 | +€47,722 | |
| Financial income | 75/76B | €81 | €83 | +€2 | +2.2% |
| Recurring financial income | 75 | €81 | €83 | +€2 | +2.2% |
| Financial charges | 65/66B | €9,266 | €8,026 | -€1,239 | -13.4% |
| Recurring financial charges | 65 | €9,266 | €8,026 | -€1,239 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,450 | €29,513 | +€48,963 | |
| Income taxes | 67/77 | €176 | €2,793 | +€2,617 | +1,488% |
| Profit (loss) for the period | 9904 | -€19,626 | €26,720 | +€46,346 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,626 | €26,720 | +€46,346 |
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 16 October 2026 via checked.be.