DGS M&C: 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 M&C
Largest movements
- Cash -€101,403
down €101,403 (-21.6%), from €470,193 to €368,790
mainly Contributions, distributions and other (-€176,471) and Tax, wage and social debts (-€32,034)
- Receivables within one year -€33,723
down €33,723 (-32.8%), from €102,807 to €69,085
of which Other amounts receivable: -€17,533
- Reserves -€86,739
down €86,739 (-14.9%), from €581,103 to €494,365
- Tax, wage and social debts -€32,034
down €32,034 (-58.2%), from €55,055 to €23,021
- Trade debts -€10,783
down €10,783 (-49.4%), from €21,841 to €11,058
- Gross operating margin -€28,745
down €28,745 (-19.4%), from €148,540 to €119,796
- Taxes -€8,987
down €8,987 (-23.2%), from €38,798 to €29,811
- Other operating charges -€3,187
down €3,187 (-69.9%), from €4,557 to €1,370
- Financial income +€2,502
new in 2024: €2,502
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €683,267 | €547,044 | -€136,224 | -19.9% |
| Fixed assets | 21/28 | €109,254 | €108,252 | -€1,002 | -0.9% |
| Tangible fixed assets | 22/27 | €9,838 | €8,837 | -€1,002 | -10.2% |
| Furniture and vehicles | 24 | €9,838 | €8,837 | -€1,002 | -10.2% |
| Financial fixed assets | 28 | €99,415 | €99,415 | = | 0.0% |
| Current assets | 29/58 | €574,014 | €438,792 | -€135,222 | -23.6% |
| Amounts receivable within one year | 40/41 | €102,807 | €69,085 | -€33,723 | -32.8% |
| Trade receivables | 40 | €44,807 | €28,617 | -€16,190 | -36.1% |
| Other amounts receivable | 41 | €58,000 | €40,467 | -€17,533 | -30.2% |
| Cash at bank and in hand | 54/58 | €470,193 | €368,790 | -€101,403 | -21.6% |
| Deferred charges and accrued income | 490/1 | €1,014 | €917 | -€96 | -9.5% |
| Total equity and liabilities | 10/49 | €683,267 | €547,044 | -€136,224 | -19.9% |
| Equity | 10/15 | €599,703 | €512,965 | -€86,739 | -14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €581,103 | €494,365 | -€86,739 | -14.9% |
| Distributable reserves | 133 | €581,103 | €494,365 | -€86,739 | -14.9% |
| Amounts payable | 17/49 | €83,564 | €34,079 | -€49,485 | -59.2% |
| Amounts payable within one year | 42/48 | €83,564 | €34,079 | -€49,485 | -59.2% |
| Trade debts | 44 | €21,841 | €11,058 | -€10,783 | -49.4% |
| Suppliers | 440/4 | €21,841 | €11,058 | -€10,783 | -49.4% |
| Taxes, remuneration and social security | 45 | €55,055 | €23,021 | -€32,034 | -58.2% |
| Taxes | 450/3 | €55,055 | €23,021 | -€32,034 | -58.2% |
| Other amounts payable | 47/48 | €6,668 | - | -€6,668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176 | €1,002 | +€825 | +468% |
| Other operating charges | 640/8 | €4,557 | €1,370 | -€3,187 | -69.9% |
| Gross operating margin | 9900 | €148,540 | €119,796 | -€28,745 | -19.4% |
| Operating profit (loss) | 9901 | €143,807 | €117,424 | -€26,383 | -18.3% |
| Financial income | 75/76B | - | €2,502 | +€2,502 | |
| Recurring financial income | 75 | - | €2,502 | +€2,502 | |
| Financial charges | 65/66B | €72 | €383 | +€311 | +432% |
| Recurring financial charges | 65 | €72 | €383 | +€311 | +432% |
| Profit (loss) for the period before taxes | 9903 | €143,735 | €119,543 | -€24,192 | -16.8% |
| Income taxes | 67/77 | €38,798 | €29,811 | -€8,987 | -23.2% |
| Profit (loss) for the period | 9904 | €104,937 | €89,732 | -€15,205 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €104,937 | €89,732 | -€15,205 | -14.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.