DGM: 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.
DGM
Largest movements
- Tangible fixed assets +€24,449
up €24,449 (+2846.4%), from €859 to €25,308
of which Furniture and vehicles: +€22,091
- Receivables within one year -€3,467
down €3,467 (-52.6%), from €6,595 to €3,128
of which Trade receivables: -€3,462
- Reserves +€24,600
up €24,600 (+42.7%), from €57,565 to €82,165
- Tax, wage and social debts -€2,917
down €2,917 (-14.4%), from €20,259 to €17,343
of which Remuneration and social security: -€2,630
- Gross operating margin +€3,792
up €3,792 (+10.2%), from €37,225 to €41,017
- Depreciation +€3,668
up €3,668 (+534.0%), from €687 to €4,355
- Staff costs +€2,341
new in 2025: €2,341
- Taxes -€570
down €570 (-5.8%), from €9,880 to €9,311
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 | €119,106 | €140,991 | +€21,884 | +18.4% |
| Fixed assets | 21/28 | €859 | €25,518 | +€24,659 | +2870.8% |
| Tangible fixed assets | 22/27 | €859 | €25,308 | +€24,449 | +2846.4% |
| Plant, machinery and equipment | 23 | €523 | €2,881 | +€2,358 | +451.1% |
| Furniture and vehicles | 24 | €336 | €22,427 | +€22,091 | +6570.1% |
| Financial fixed assets | 28 | - | €210 | +€210 | |
| Current assets | 29/58 | €118,248 | €115,473 | -€2,775 | -2.3% |
| Amounts receivable within one year | 40/41 | €6,595 | €3,128 | -€3,467 | -52.6% |
| Trade receivables | 40 | €6,590 | €3,128 | -€3,462 | -52.5% |
| Other amounts receivable | 41 | €5 | €0 | -€5 | -100.0% |
| Cash at bank and in hand | 54/58 | €111,645 | €112,282 | +€637 | +0.6% |
| Deferred charges and accrued income | 490/1 | €8 | €63 | +€55 | +693.4% |
| Total equity and liabilities | 10/49 | €119,106 | €140,991 | +€21,884 | +18.4% |
| Equity | 10/15 | €90,630 | €115,237 | +€24,607 | +27.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €57,565 | €82,165 | +€24,600 | +42.7% |
| Distributable reserves | 133 | €57,565 | €82,165 | +€24,600 | +42.7% |
| Profit (loss) carried forward | 14 | €12,605 | €12,612 | +€7 | +0.1% |
| Amounts payable | 17/49 | €28,476 | €25,754 | -€2,723 | -9.6% |
| Amounts payable within one year | 42/48 | €28,476 | €25,754 | -€2,723 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €772 | €940 | +€168 | +21.8% |
| Suppliers | 440/4 | €772 | €940 | +€168 | +21.8% |
| Taxes, remuneration and social security | 45 | €20,259 | €17,343 | -€2,917 | -14.4% |
| Taxes | 450/3 | €16,759 | €16,473 | -€287 | -1.7% |
| Remuneration and social security | 454/9 | €3,500 | €870 | -€2,630 | -75.1% |
| Other amounts payable | 47/48 | €7,446 | €7,472 | +€26 | +0.3% |
| Remuneration, social security and pensions | 62 | - | €2,341 | +€2,341 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €4,355 | +€3,668 | +534.0% |
| Other operating charges | 640/8 | €515 | €520 | +€5 | +1.1% |
| Gross operating margin | 9900 | €37,225 | €41,017 | +€3,792 | +10.2% |
| Operating profit (loss) | 9901 | €36,023 | €33,800 | -€2,222 | -6.2% |
| Financial income | 75/76B | €32 | €381 | +€349 | +1094.2% |
| Recurring financial income | 75 | €32 | €381 | +€349 | +1094.2% |
| Financial charges | 65/66B | €298 | €264 | -€35 | -11.6% |
| Recurring financial charges | 65 | €298 | €264 | -€35 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €35,756 | €33,917 | -€1,839 | -5.1% |
| Income taxes | 67/77 | €9,880 | €9,311 | -€570 | -5.8% |
| Profit (loss) for the period | 9904 | €25,876 | €24,607 | -€1,269 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,876 | €24,607 | -€1,269 | -4.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.