DGMH: 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.
DGMH
Largest movements
- Tangible fixed assets +€72,059
up €72,059 (+819.5%), from €8,793 to €80,852
of which Furniture and vehicles: +€73,894
- Cash -€30,077
down €30,077 (-16.5%), from €182,813 to €152,736
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€89,344)
- Profit (loss) carried forward +€39,127
up €39,127 (+42.5%), from €92,059 to €131,186
- Gross operating margin +€28,959
up €28,959 (+16.9%), from €171,482 to €200,441
- Depreciation +€12,904
up €12,904 (+294.5%), from €4,381 to €17,285
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 | €223,168 | €263,602 | +€40,434 | +18.1% |
| Fixed assets | 21/28 | €8,818 | €80,877 | +€72,059 | +817.2% |
| Tangible fixed assets | 22/27 | €8,793 | €80,852 | +€72,059 | +819.5% |
| Plant, machinery and equipment | 23 | €3,585 | €1,750 | -€1,835 | -51.2% |
| Furniture and vehicles | 24 | €5,208 | €79,102 | +€73,894 | +1418.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €214,350 | €182,725 | -€31,625 | -14.8% |
| Amounts receivable within one year | 40/41 | €24,875 | €23,577 | -€1,298 | -5.2% |
| Trade receivables | 40 | €20,709 | €21,577 | +€868 | +4.2% |
| Other amounts receivable | 41 | €4,166 | €2,000 | -€2,166 | -52.0% |
| Cash at bank and in hand | 54/58 | €182,813 | €152,736 | -€30,077 | -16.5% |
| Deferred charges and accrued income | 490/1 | €6,662 | €6,412 | -€250 | -3.8% |
| Total equity and liabilities | 10/49 | €223,168 | €263,602 | +€40,434 | +18.1% |
| Equity | 10/15 | €112,059 | €151,186 | +€39,127 | +34.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,059 | €131,186 | +€39,127 | +42.5% |
| Amounts payable | 17/49 | €111,109 | €112,416 | +€1,307 | +1.2% |
| Amounts payable within one year | 42/48 | €111,109 | €112,416 | +€1,307 | +1.2% |
| Trade debts | 44 | €507 | €825 | +€318 | +62.7% |
| Suppliers | 440/4 | €507 | €825 | +€318 | +62.7% |
| Taxes, remuneration and social security | 45 | €10,602 | €11,591 | +€989 | +9.3% |
| Taxes | 450/3 | €10,602 | €11,591 | +€989 | +9.3% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €18,500 | +€18,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,381 | €17,285 | +€12,904 | +294.5% |
| Other operating charges | 640/8 | €1,458 | €910 | -€548 | -37.6% |
| Gross operating margin | 9900 | €171,482 | €200,441 | +€28,959 | +16.9% |
| Operating profit (loss) | 9901 | €165,643 | €182,246 | +€16,603 | +10.0% |
| Financial income | 75/76B | €1,060 | €1,090 | +€30 | +2.8% |
| Recurring financial income | 75 | €1,060 | €1,090 | +€30 | +2.8% |
| Financial charges | 65/66B | €90 | €90 | = | 0.0% |
| Recurring financial charges | 65 | €90 | €90 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €166,613 | €183,246 | +€16,633 | +10.0% |
| Income taxes | 67/77 | €43,483 | €44,119 | +€636 | +1.5% |
| Profit (loss) for the period | 9904 | €123,130 | €139,127 | +€15,997 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €123,130 | €139,127 | +€15,997 | +13.0% |
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 5 October 2026 via checked.be.