DGST: 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.
What changed
DGST
NACE 01.462, Crop and animal production, hunting and related service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€732,370
2024 · €1.4m-€716,959
Equity
€5.1m
2024 · €4.4m+€727,408
Cash
€2.9m
2024 · €1.8m+€1.1m
Balance sheet total
€7.4m
2024 · €7.1m+€293,431
Largest movements
Assets
- Cash +€1.1m
up €1.1m (+61.7%), from €1.8m to €2.9m
mainly Net result for the year (+€732,370) and Stocks and contracts (+€508,620)
- Stocks and contracts -€508,620
down €508,620 (-20.6%), from €2.5m to €2.0m
- Receivables after one year -€365,634
down €365,634 (-59.4%), from €615,634 to €250,000
- Receivables within one year +€158,787
up €158,787 (+47.1%), from €336,909 to €495,696
of which Other amounts receivable: +€122,223
- Tangible fixed assets -€133,915
down €133,915 (-7.3%), from €1.8m to €1.7m
of which Land and buildings: -€142,662
Equity and liabilities
- Reserves +€732,370
up €732,370 (+18.6%), from €3.9m to €4.7m
of which Distributable reserves: +€863,793
- Debts after one year -€196,264
down €196,264 (-14.2%), from €1.4m to €1.2m
- Tax, wage and social debts -€94,062
down €94,062 (-33.3%), from €282,854 to €188,792
Income statement
- Gross operating margin -€1.1m
down €1.1m (-43.4%), from €2.5m to €1.4m
- Taxes -€281,431
down €281,431 (-41.1%), from €684,252 to €402,821
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.
Result 2024
€1.4m
Gross operating margin
-€1.1m
Depreciation
+€1,809
Other operating charges
-€3,625
Financial income
+€8,887
Financial charges
+€22,797
Taxes
+€281,431
Deferred taxes and other
+€39,610
Result 2025
€732,370
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.
From operations
+€1.5m
Investment
-€123,270
Financing
-€256,068
Cash 2024
€1.8m
From operations (derived)
+€1.5m
Net result for the year
+€732,370
Depreciation
+€207,385
Receivables after one year
+€365,634
Stocks and contracts
+€508,620
Receivables within one year
-€158,787
Deferred charges and accrued income
-€1,522
Provisions
-€44,069
Trade debts
-€60,594
Tax, wage and social debts
-€94,062
Other debts
+€13,805
Accrued charges and deferred income
+€2,049
Investment (derived)
-€123,270
Investment in fixed assets (net)
-€70,770
Current investments
-€52,500
Financing
-€256,068
Debts after one year
-€196,264
Current portion of long-term debt
-€54,842
Contributions, distributions and other
-€4,962
Cash 2025
€2.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,115,451 | €7,408,883 | +€293,431 | +4.1% |
| Fixed assets | 21/28 | €1,831,116 | €1,694,500 | -€136,616 | -7.5% |
| Intangible fixed assets | 21 | €7,299 | €4,598 | -€2,701 | -37.0% |
| Tangible fixed assets | 22/27 | €1,823,319 | €1,689,405 | -€133,915 | -7.3% |
| Land and buildings | 22 | €1,686,511 | €1,543,849 | -€142,662 | -8.5% |
| Plant, machinery and equipment | 23 | €116,276 | €140,348 | +€24,072 | +20.7% |
| Furniture and vehicles | 24 | €2,680 | €1,906 | -€774 | -28.9% |
| Leasing and similar rights | 25 | €17,852 | €3,302 | -€14,550 | -81.5% |
| Financial fixed assets | 28 | €498 | €498 | = | 0.0% |
| Current assets | 29/58 | €5,284,335 | €5,714,382 | +€430,047 | +8.1% |
| Amounts receivable after more than one year | 29 | €615,634 | €250,000 | -€365,634 | -59.4% |
| Other amounts receivable | 291 | €615,634 | €250,000 | -€365,634 | -59.4% |
| Stocks and contracts in progress | 3 | €2,474,300 | €1,965,681 | -€508,620 | -20.6% |
| Stocks | 30/36 | €2,474,300 | €1,965,681 | -€508,620 | -20.6% |
| Amounts receivable within one year | 40/41 | €336,909 | €495,696 | +€158,787 | +47.1% |
| Trade receivables | 40 | €74,288 | €110,852 | +€36,564 | +49.2% |
| Other amounts receivable | 41 | €262,621 | €384,844 | +€122,223 | +46.5% |
| Current investments | 50/53 | €66,469 | €118,969 | +€52,500 | +79.0% |
| Cash at bank and in hand | 54/58 | €1,770,450 | €2,861,942 | +€1.1m | +61.7% |
| Deferred charges and accrued income | 490/1 | €20,573 | €22,095 | +€1,522 | +7.4% |
| Total equity and liabilities | 10/49 | €7,115,451 | €7,408,883 | +€293,431 | +4.1% |
| Equity | 10/15 | €4,376,070 | €5,103,478 | +€727,408 | +16.6% |
| Contributions | 10/11 | €403,605 | €403,605 | = | 0.0% |
| Revaluation surpluses | 12 | €1,455 | €1,455 | = | 0.0% |
| Reserves | 13 | €3,929,030 | €4,661,400 | +€732,370 | +18.6% |
| Tax-exempt reserves | 132 | €131,423 | €0 | -€131,423 | -100.0% |
| Distributable reserves | 133 | €3,797,607 | €4,661,400 | +€863,793 | +22.7% |
| Investment grants | 15 | €41,979 | €37,018 | -€4,962 | -11.8% |
| Provisions and deferred taxes | 16 | €46,017 | €1,948 | -€44,069 | -95.8% |
| Deferred taxes | 168 | €46,017 | €1,948 | -€44,069 | -95.8% |
| Amounts payable | 17/49 | €2,693,365 | €2,303,456 | -€389,908 | -14.5% |
| Amounts payable after more than one year | 17 | €1,378,770 | €1,182,506 | -€196,264 | -14.2% |
| Financial debts | 170/4 | €1,378,770 | €1,182,506 | -€196,264 | -14.2% |
| Amounts payable within one year | 42/48 | €1,307,831 | €1,112,138 | -€195,693 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €251,106 | €196,264 | -€54,842 | -21.8% |
| Trade debts | 44 | €356,679 | €296,085 | -€60,594 | -17.0% |
| Suppliers | 440/4 | €356,679 | €296,085 | -€60,594 | -17.0% |
| Taxes, remuneration and social security | 45 | €282,854 | €188,792 | -€94,062 | -33.3% |
| Taxes | 450/3 | €282,854 | €188,792 | -€94,062 | -33.3% |
| Other amounts payable | 47/48 | €417,191 | €430,996 | +€13,805 | +3.3% |
| Accrued charges and deferred income | 492/3 | €6,764 | €8,813 | +€2,049 | +30.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,194 | €207,385 | -€1,809 | -0.9% |
| Other operating charges | 640/8 | €37,805 | €41,430 | +€3,625 | +9.6% |
| Gross operating margin | 9900 | €2,458,285 | €1,390,417 | -€1.1m | -43.4% |
| Operating profit (loss) | 9901 | €2,211,286 | €1,141,602 | -€1.1m | -48.4% |
| Financial income | 75/76B | €14,255 | €23,142 | +€8,887 | +62.3% |
| Recurring financial income | 75 | €14,255 | €23,142 | +€8,887 | +62.3% |
| Financial charges | 65/66B | €96,419 | €73,622 | -€22,797 | -23.6% |
| Recurring financial charges | 65 | €96,419 | €73,622 | -€22,797 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €2,129,122 | €1,091,122 | -€1.0m | -48.8% |
| Transfer from deferred taxes | 780 | €4,459 | €44,069 | +€39,610 | +888.3% |
| Income taxes | 67/77 | €684,252 | €402,821 | -€281,431 | -41.1% |
| Profit (loss) for the period | 9904 | €1,449,329 | €732,370 | -€716,959 | -49.5% |
| Transfer from tax-exempt reserves | 789 | €12,528 | €131,423 | +€118,895 | +949.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,461,857 | €863,793 | -€598,064 | -40.9% |
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 8 October 2026 via checked.be.