DGL: 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.
DGL
Largest movements
- Intangible fixed assets -€24,700
down €24,700 (-100%), from €24,700 to €0
- Receivables within one year -€24,451
down €24,451 (-45.4%), from €53,848 to €29,397
- Tangible fixed assets -€15,859
down €15,859 (-8.1%), from €196,284 to €180,426
of which Land and buildings: -€16,690
- Cash +€10,420
up €10,420 (+2,895%), from €360 to €10,780
mainly Net result for the year (+€67,921) and Depreciation (+€54,108)
- Profit (loss) carried forward +€67,921
up €67,921 (+16.3%), from -€416,350 to -€348,429
- Trade debts -€65,700
down €65,700 (-82.9%), from €79,249 to €13,549
- Tax, wage and social debts -€37,254
down €37,254 (-26.2%), from €142,271 to €105,018
of which Taxes: -€37,484
- Current portion of long-term debt -€21,831
down €21,831 (-20.6%), from €105,806 to €83,974
- Gross operating margin +€45,864
up €45,864 (+27.8%), from €164,787 to €210,650
- Financial charges -€25,260
down €25,260 (-62.4%), from €40,459 to €15,199
- Staff costs +€15,710
up €15,710 (+30.2%), from €51,977 to €67,688
- Other operating charges -€4,945
down €4,945 (-46.3%), from €10,690 to €5,745
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 | €325,754 | €266,653 | -€59,101 | -18.1% |
| Formation expenses | 20 | €24,219 | €20,969 | -€3,250 | -13.4% |
| Fixed assets | 21/28 | €227,034 | €186,476 | -€40,559 | -17.9% |
| Intangible fixed assets | 21 | €24,700 | €0 | -€24,700 | -100% |
| Tangible fixed assets | 22/27 | €196,284 | €180,426 | -€15,859 | -8.1% |
| Land and buildings | 22 | €186,451 | €169,761 | -€16,690 | -9.0% |
| Plant, machinery and equipment | 23 | €9,833 | €10,664 | +€831 | +8.5% |
| Financial fixed assets | 28 | €6,050 | €6,050 | = | 0.0% |
| Current assets | 29/58 | €74,500 | €59,208 | -€15,292 | -20.5% |
| Stocks and contracts in progress | 3 | €19,899 | €17,431 | -€2,469 | -12.4% |
| Stocks | 30/36 | €19,899 | €17,431 | -€2,469 | -12.4% |
| Amounts receivable within one year | 40/41 | €53,848 | €29,397 | -€24,451 | -45.4% |
| Trade receivables | 40 | €53,848 | €29,397 | -€24,451 | -45.4% |
| Cash at bank and in hand | 54/58 | €360 | €10,780 | +€10,420 | +2,895% |
| Deferred charges and accrued income | 490/1 | €393 | €1,601 | +€1,208 | +307% |
| Total equity and liabilities | 10/49 | €325,754 | €266,653 | -€59,101 | -18.1% |
| Equity | 10/15 | -€391,192 | -€323,271 | +€67,921 | +17.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,158 | €5,158 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,158 | €5,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€416,350 | -€348,429 | +€67,921 | +16.3% |
| Amounts payable | 17/49 | €716,946 | €589,924 | -€127,022 | -17.7% |
| Amounts payable after more than one year | 17 | €386,475 | €383,526 | -€2,950 | -0.8% |
| Financial debts | 170/4 | €386,475 | €383,526 | -€2,950 | -0.8% |
| Amounts payable within one year | 42/48 | €327,326 | €202,541 | -€124,785 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €105,806 | €83,974 | -€21,831 | -20.6% |
| Trade debts | 44 | €79,249 | €13,549 | -€65,700 | -82.9% |
| Suppliers | 440/4 | €79,249 | €13,549 | -€65,700 | -82.9% |
| Taxes, remuneration and social security | 45 | €142,271 | €105,018 | -€37,254 | -26.2% |
| Taxes | 450/3 | €139,668 | €102,184 | -€37,484 | -26.8% |
| Remuneration and social security | 454/9 | €2,603 | €2,833 | +€231 | +8.9% |
| Accrued charges and deferred income | 492/3 | €3,145 | €3,857 | +€713 | +22.7% |
| Remuneration, social security and pensions | 62 | €51,977 | €67,688 | +€15,710 | +30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,137 | €54,108 | -€29 | -0.1% |
| Other operating charges | 640/8 | €10,690 | €5,745 | -€4,945 | -46.3% |
| Gross operating margin | 9900 | €164,787 | €210,650 | +€45,864 | +27.8% |
| Operating profit (loss) | 9901 | €47,982 | €83,109 | +€35,127 | +73.2% |
| Financial income | 75/76B | €246 | €11 | -€236 | -95.6% |
| Recurring financial income | 75 | €246 | €11 | -€236 | -95.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €40,459 | €15,199 | -€25,260 | -62.4% |
| Recurring financial charges | 65 | €40,459 | €15,199 | -€25,260 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €7,769 | €67,921 | +€60,152 | +774% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €7,769 | €67,921 | +€60,152 | +774% |
| Profit (loss) for the period to be appropriated | 9905 | €7,769 | €67,921 | +€60,152 | +774% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.