DGW-Consulting: what changed
DGW-Consulting
Largest movements
- Cash -€18,128
down €18,128 (-62.3%), from €29,078 to €10,950
mainly Investment in fixed assets (net) (-€29,888) and Debts after one year (-€24,735)
- Receivables within one year +€17,958
up €17,958 (+211%), from €8,525 to €26,484
of which Trade receivables: +€17,232
- Tangible fixed assets -€10,708
down €10,708 (-4.2%), from €255,255 to €244,546
of which Leasing and similar rights: -€25,947
- Stocks and contracts +€10,103
up €10,103 (+47.9%), from €21,110 to €31,213
- Debts after one year -€24,735
down €24,735 (-13.1%), from €188,613 to €163,878
- Trade debts +€7,126
up €7,126 (+681%), from €1,046 to €8,172
- Reserves +€6,354
up €6,354 (+10.3%), from €61,557 to €67,911
- Tax, wage and social debts +€4,544
up €4,544 (+24.3%), from €18,720 to €23,264
of which Remuneration and social security: +€5,849
- Current portion of long-term debt +€3,941
up €3,941 (+11.4%), from €34,670 to €38,611
- Staff costs +€15,253
new in 2025: €15,253
- Gross operating margin +€11,720
up €11,720 (+14.9%), from €78,777 to €90,497
- Depreciation +€8,912
up €8,912 (+28.1%), from €31,684 to €40,596
- Taxes -€3,749
down €3,749 (-35.5%), from €10,559 to €6,811
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,765 | €315,974 | -€791 | -0.2% |
| Fixed assets | 21/28 | €255,968 | €245,260 | -€10,708 | -4.2% |
| Tangible fixed assets | 22/27 | €255,255 | €244,546 | -€10,708 | -4.2% |
| Land and buildings | 22 | €135,119 | €132,300 | -€2,819 | -2.1% |
| Plant, machinery and equipment | 23 | €6,787 | €27,190 | +€20,404 | +301% |
| Furniture and vehicles | 24 | €9,181 | €7,341 | -€1,840 | -20.0% |
| Leasing and similar rights | 25 | €100,087 | €74,140 | -€25,947 | -25.9% |
| Other tangible fixed assets | 26 | €4,081 | €3,575 | -€505 | -12.4% |
| Financial fixed assets | 28 | €713 | €713 | = | 0.0% |
| Current assets | 29/58 | €60,797 | €70,715 | +€9,917 | +16.3% |
| Stocks and contracts in progress | 3 | €21,110 | €31,213 | +€10,103 | +47.9% |
| Stocks | 30/36 | €21,110 | €31,213 | +€10,103 | +47.9% |
| Amounts receivable within one year | 40/41 | €8,525 | €26,484 | +€17,958 | +211% |
| Trade receivables | 40 | €8,284 | €25,517 | +€17,232 | +208% |
| Other amounts receivable | 41 | €241 | €967 | +€726 | +302% |
| Cash at bank and in hand | 54/58 | €29,078 | €10,950 | -€18,128 | -62.3% |
| Deferred charges and accrued income | 490/1 | €2,084 | €2,068 | -€16 | -0.8% |
| Total equity and liabilities | 10/49 | €316,765 | €315,974 | -€791 | -0.2% |
| Equity | 10/15 | €65,557 | €71,911 | +€6,354 | +9.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €61,557 | €67,911 | +€6,354 | +10.3% |
| Distributable reserves | 133 | €61,557 | €67,911 | +€6,354 | +10.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €251,208 | €244,063 | -€7,145 | -2.8% |
| Amounts payable after more than one year | 17 | €188,613 | €163,878 | -€24,735 | -13.1% |
| Financial debts | 170/4 | €188,613 | €163,878 | -€24,735 | -13.1% |
| Amounts payable within one year | 42/48 | €60,300 | €77,739 | +€17,439 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €34,670 | €38,611 | +€3,941 | +11.4% |
| Trade debts | 44 | €1,046 | €8,172 | +€7,126 | +681% |
| Suppliers | 440/4 | €1,046 | €8,172 | +€7,126 | +681% |
| Taxes, remuneration and social security | 45 | €18,720 | €23,264 | +€4,544 | +24.3% |
| Taxes | 450/3 | €18,720 | €17,415 | -€1,305 | -7.0% |
| Remuneration and social security | 454/9 | €0 | €5,849 | +€5,849 | |
| Other amounts payable | 47/48 | €5,865 | €7,692 | +€1,827 | +31.1% |
| Accrued charges and deferred income | 492/3 | €2,295 | €2,446 | +€151 | +6.6% |
| Remuneration, social security and pensions | 62 | - | €15,253 | +€15,253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,684 | €40,596 | +€8,912 | +28.1% |
| Other operating charges | 640/8 | €4,421 | €3,883 | -€538 | -12.2% |
| Gross operating margin | 9900 | €78,777 | €90,497 | +€11,720 | +14.9% |
| Operating profit (loss) | 9901 | €42,672 | €30,766 | -€11,906 | -27.9% |
| Financial income | 75/76B | €19 | €60 | +€41 | +217% |
| Recurring financial income | 75 | €19 | €60 | +€41 | +217% |
| Financial charges | 65/66B | €7,423 | €7,289 | -€134 | -1.8% |
| Recurring financial charges | 65 | €7,423 | €7,289 | -€134 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €35,268 | €23,537 | -€11,730 | -33.3% |
| Income taxes | 67/77 | €10,559 | €6,811 | -€3,749 | -35.5% |
| Profit (loss) for the period | 9904 | €24,708 | €16,727 | -€7,982 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,708 | €16,727 | -€7,982 | -32.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.