DGO: 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.
DGO
Largest movements
- Cash +€57,757
up €57,757 (+41.5%), from €139,134 to €196,891
mainly Net result for the year (+€67,905) and Depreciation (+€33,315)
- Receivables within one year +€55,439
up €55,439 (+94.9%), from €58,426 to €113,866
of which Trade receivables: +€54,366
- Stocks and contracts -€30,000
no longer reported in 2025 (was €30,000)
- Deferred charges and accrued income +€19,248
up €19,248 (+519.9%), from €3,702 to €22,950
- Tangible fixed assets -€19,207
down €19,207 (-15.5%), from €124,046 to €104,840
of which Furniture and vehicles: -€12,166
- Reserves +€67,905
up €67,905 (+27.3%), from €249,081 to €316,986
of which Distributable reserves: +€67,905
- Current portion of long-term debt -€29,912
down €29,912 (-36.7%), from €81,560 to €51,648
- Accrued charges and deferred income +€27,320
new in 2025: €27,320
- Trade debts +€10,162
up €10,162 (+104.8%), from €9,693 to €19,854
- Tax, wage and social debts +€7,967
up €7,967 (+253.0%), from €3,149 to €11,116
- Gross operating margin +€27,416
up €27,416 (+17.0%), from €161,321 to €188,736
- Taxes +€9,904
up €9,904 (+59.6%), from €16,632 to €26,536
- Other operating charges -€6,685
down €6,685 (-77.3%), from €8,645 to €1,960
- Financial charges -€3,445
down €3,445 (-60.6%), from €5,687 to €2,242
of which Non-recurring financial charges: -€2,000
- Staff costs +€3,027
up €3,027 (+5.0%), from €60,830 to €63,858
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 | €355,308 | €438,546 | +€83,238 | +23.4% |
| Fixed assets | 21/28 | €124,046 | €104,840 | -€19,207 | -15.5% |
| Tangible fixed assets | 22/27 | €124,046 | €104,840 | -€19,207 | -15.5% |
| Plant, machinery and equipment | 23 | €16,833 | €10,054 | -€6,778 | -40.3% |
| Furniture and vehicles | 24 | €105,074 | €92,908 | -€12,166 | -11.6% |
| Other tangible fixed assets | 26 | €2,139 | €1,877 | -€262 | -12.2% |
| Current assets | 29/58 | €231,262 | €333,707 | +€102,445 | +44.3% |
| Stocks and contracts in progress | 3 | €30,000 | - | -€30,000 | |
| Stocks | 30/36 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €58,426 | €113,866 | +€55,439 | +94.9% |
| Trade receivables | 40 | €44,725 | €99,091 | +€54,366 | +121.6% |
| Other amounts receivable | 41 | €13,702 | €14,775 | +€1,074 | +7.8% |
| Cash at bank and in hand | 54/58 | €139,134 | €196,891 | +€57,757 | +41.5% |
| Deferred charges and accrued income | 490/1 | €3,702 | €22,950 | +€19,248 | +519.9% |
| Total equity and liabilities | 10/49 | €355,308 | €438,546 | +€83,238 | +23.4% |
| Equity | 10/15 | €260,684 | €328,589 | +€67,905 | +26.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €249,081 | €316,986 | +€67,905 | +27.3% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €248,981 | €316,886 | +€67,905 | +27.3% |
| Profit (loss) carried forward | 14 | €10,603 | €10,603 | = | 0.0% |
| Amounts payable | 17/49 | €94,624 | €109,957 | +€15,333 | +16.2% |
| Amounts payable within one year | 42/48 | €94,624 | €82,637 | -€11,987 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €81,560 | €51,648 | -€29,912 | -36.7% |
| Trade debts | 44 | €9,693 | €19,854 | +€10,162 | +104.8% |
| Suppliers | 440/4 | €9,693 | €19,854 | +€10,162 | +104.8% |
| Taxes, remuneration and social security | 45 | €3,149 | €11,116 | +€7,967 | +253.0% |
| Remuneration and social security | 454/9 | €3,149 | €11,116 | +€7,967 | +253.0% |
| Other amounts payable | 47/48 | €222 | €18 | -€204 | -92.0% |
| Accrued charges and deferred income | 492/3 | - | €27,320 | +€27,320 | |
| Remuneration, social security and pensions | 62 | €60,830 | €63,858 | +€3,027 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,982 | €33,315 | +€333 | +1.0% |
| Other operating charges | 640/8 | €8,645 | €1,960 | -€6,685 | -77.3% |
| Gross operating margin | 9900 | €161,321 | €188,736 | +€27,416 | +17.0% |
| Operating profit (loss) | 9901 | €58,863 | €89,604 | +€30,740 | +52.2% |
| Financial income | 75/76B | €4,430 | €7,079 | +€2,648 | +59.8% |
| Recurring financial income | 75 | €4,430 | €7,079 | +€2,648 | +59.8% |
| Financial charges | 65/66B | €5,687 | €2,242 | -€3,445 | -60.6% |
| Recurring financial charges | 65 | €3,687 | €2,242 | -€1,445 | -39.2% |
| Non-recurring financial charges | 66B | €2,000 | - | -€2,000 | |
| Profit (loss) for the period before taxes | 9903 | €57,607 | €94,441 | +€36,834 | +63.9% |
| Income taxes | 67/77 | €16,632 | €26,536 | +€9,904 | +59.6% |
| Profit (loss) for the period | 9904 | €40,975 | €67,905 | +€26,930 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,975 | €67,905 | +€26,930 | +65.7% |
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 9 October 2026 via checked.be.