DGS CONSULT: 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.
DGS CONSULT
Largest movements
- Current investments -€339,881
down €339,881 (-23.5%), from €1.4m to €1.1m
- Receivables within one year -€195,987
down €195,987 (-36.6%), from €535,463 to €339,476
of which Other amounts receivable: -€142,310
- Cash +€120,898
up €120,898 (+83.6%), from €144,537 to €265,435
mainly Net result for the year (+€352,214) and Current investments (+€339,881)
- Reserves -€398,900
down €398,900 (-24.2%), from €1.6m to €1.2m
of which Distributable reserves: -€272,600
- Trade debts -€38,814
down €38,814 (-15.2%), from €255,527 to €216,714
- Other debts +€27,231
up €27,231 (+8.0%), from €339,000 to €366,231
- Gross operating margin +€58,095
up €58,095 (+11.8%), from €490,726 to €548,821
- Taxes +€23,439
up €23,439 (+15.3%), from €153,582 to €177,021
- Financial income +€15,939
up €15,939 (+429.1%), from €3,715 to €19,654
of which Financial income: +€15,189
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 | €2,335,724 | €1,952,940 | -€382,784 | -16.4% |
| Fixed assets | 21/28 | €208,392 | €225,804 | +€17,412 | +8.4% |
| Tangible fixed assets | 22/27 | €208,392 | €225,804 | +€17,412 | +8.4% |
| Land and buildings | 22 | €156,159 | €149,179 | -€6,980 | -4.5% |
| Plant, machinery and equipment | 23 | €25,852 | €18,125 | -€7,727 | -29.9% |
| Furniture and vehicles | 24 | €26,381 | €58,499 | +€32,119 | +121.8% |
| Current assets | 29/58 | €2,127,332 | €1,727,136 | -€400,196 | -18.8% |
| Amounts receivable within one year | 40/41 | €535,463 | €339,476 | -€195,987 | -36.6% |
| Trade receivables | 40 | €371,288 | €317,612 | -€53,676 | -14.5% |
| Other amounts receivable | 41 | €164,175 | €21,865 | -€142,310 | -86.7% |
| Current investments | 50/53 | €1,446,754 | €1,106,873 | -€339,881 | -23.5% |
| Cash at bank and in hand | 54/58 | €144,537 | €265,435 | +€120,898 | +83.6% |
| Deferred charges and accrued income | 490/1 | €578 | €15,353 | +€14,774 | +2554.1% |
| Total equity and liabilities | 10/49 | €2,335,724 | €1,952,940 | -€382,784 | -16.4% |
| Equity | 10/15 | €1,680,355 | €1,281,469 | -€398,886 | -23.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,645,668 | €1,246,768 | -€398,900 | -24.2% |
| Tax-exempt reserves | 132 | €126,300 | - | -€126,300 | |
| Distributable reserves | 133 | €1,519,368 | €1,246,768 | -€272,600 | -17.9% |
| Profit (loss) carried forward | 14 | €22,287 | €22,301 | +€14 | +0.1% |
| Amounts payable | 17/49 | €655,368 | €671,471 | +€16,102 | +2.5% |
| Amounts payable after more than one year | 17 | - | €19,330 | +€19,330 | |
| Financial debts | 170/4 | - | €19,330 | +€19,330 | |
| Amounts payable within one year | 42/48 | €655,368 | €652,141 | -€3,227 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €47,110 | €40,164 | -€6,947 | -14.7% |
| Trade debts | 44 | €255,527 | €216,714 | -€38,814 | -15.2% |
| Suppliers | 440/4 | €255,527 | €216,714 | -€38,814 | -15.2% |
| Taxes, remuneration and social security | 45 | €13,731 | €29,033 | +€15,303 | +111.4% |
| Taxes | 450/3 | €13,731 | €28,818 | +€15,087 | +109.9% |
| Remuneration and social security | 454/9 | - | €216 | +€216 | |
| Other amounts payable | 47/48 | €339,000 | €366,231 | +€27,231 | +8.0% |
| Remuneration, social security and pensions | 62 | €422 | €932 | +€509 | +120.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,850 | €32,478 | +€2,628 | +8.8% |
| Other operating charges | 640/8 | €2,214 | €2,321 | +€107 | +4.8% |
| Gross operating margin | 9900 | €490,726 | €548,821 | +€58,095 | +11.8% |
| Operating profit (loss) | 9901 | €458,240 | €513,090 | +€54,850 | +12.0% |
| Financial income | 75/76B | €3,715 | €19,654 | +€15,939 | +429.1% |
| Recurring financial income | 75 | €1,911 | €17,100 | +€15,189 | +794.9% |
| Non-recurring financial income | 76B | €1,804 | €2,553 | +€749 | +41.6% |
| Financial charges | 65/66B | €3,383 | €3,509 | +€126 | +3.7% |
| Recurring financial charges | 65 | €3,383 | €3,509 | +€126 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €458,572 | €529,235 | +€70,664 | +15.4% |
| Income taxes | 67/77 | €153,582 | €177,021 | +€23,439 | +15.3% |
| Profit (loss) for the period | 9904 | €304,989 | €352,214 | +€47,225 | +15.5% |
| Transfer from tax-exempt reserves | 789 | €126,300 | €126,300 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €431,289 | €478,514 | +€47,225 | +10.9% |
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 10 October 2026 via checked.be.