DGW TRANS: 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.
DGW TRANS
Largest movements
- Tangible fixed assets +€206,284
up €206,284 (+113%), from €182,437 to €388,721
of which Land and buildings: +€224,971
- Deferred charges and accrued income -€14,058
down €14,058 (-85.9%), from €16,361 to €2,303
- Receivables within one year -€11,151
down €11,151 (-18.6%), from €59,926 to €48,775
of which Trade receivables: -€13,597
- Cash -€6,230
down €6,230 (-10.8%), from €57,621 to €51,391
mainly Investment in fixed assets (net) (-€279,312) and Trade debts (-€49,052)
- Debts after one year +€191,673
up €191,673 (+194%), from €98,881 to €290,554
- Trade debts -€49,052
down €49,052 (-42.4%), from €115,690 to €66,638
- Current portion of long-term debt +€22,471
up €22,471 (+106%), from €21,269 to €43,740
- Tax, wage and social debts +€11,131
up €11,131 (+56.7%), from €19,636 to €30,767
of which Taxes: +€11,131
- Depreciation +€34,396
up €34,396 (+89.0%), from €38,632 to €73,028
- Gross operating margin -€16,916
down €16,916 (-16.4%), from €102,972 to €86,056
- Taxes -€15,103
down €15,103 (-96.0%), from €15,736 to €633
- Financial charges +€4,010
up €4,010 (+69.9%), from €5,739 to €9,749
- Other operating charges +€2,712
up €2,712 (+114%), from €2,370 to €5,082
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.
Derived cash bridge
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 | €316,345 | €491,191 | +€174,846 | +55.3% |
| Fixed assets | 21/28 | €182,437 | €388,721 | +€206,284 | +113% |
| Tangible fixed assets | 22/27 | €182,437 | €388,721 | +€206,284 | +113% |
| Land and buildings | 22 | - | €224,971 | +€224,971 | |
| Plant, machinery and equipment | 23 | €29,154 | €41,248 | +€12,094 | +41.5% |
| Furniture and vehicles | 24 | €153,283 | €122,502 | -€30,781 | -20.1% |
| Current assets | 29/58 | €133,908 | €102,469 | -€31,438 | -23.5% |
| Amounts receivable within one year | 40/41 | €59,926 | €48,775 | -€11,151 | -18.6% |
| Trade receivables | 40 | €51,448 | €37,852 | -€13,597 | -26.4% |
| Other amounts receivable | 41 | €8,478 | €10,924 | +€2,446 | +28.9% |
| Cash at bank and in hand | 54/58 | €57,621 | €51,391 | -€6,230 | -10.8% |
| Deferred charges and accrued income | 490/1 | €16,361 | €2,303 | -€14,058 | -85.9% |
| Total equity and liabilities | 10/49 | €316,345 | €491,191 | +€174,846 | +55.3% |
| Equity | 10/15 | €60,503 | €59,152 | -€1,351 | -2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €40,503 | €40,503 | = | 0.0% |
| Distributable reserves | 133 | €40,503 | €40,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,351 | -€1,351 | |
| Amounts payable | 17/49 | €255,842 | €432,039 | +€176,197 | +68.9% |
| Amounts payable after more than one year | 17 | €98,881 | €290,554 | +€191,673 | +194% |
| Financial debts | 170/4 | €98,881 | €290,554 | +€191,673 | +194% |
| Amounts payable within one year | 42/48 | €156,595 | €141,145 | -€15,450 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €21,269 | €43,740 | +€22,471 | +106% |
| Trade debts | 44 | €115,690 | €66,638 | -€49,052 | -42.4% |
| Suppliers | 440/4 | €115,690 | €66,638 | -€49,052 | -42.4% |
| Taxes, remuneration and social security | 45 | €19,636 | €30,767 | +€11,131 | +56.7% |
| Taxes | 450/3 | €17,836 | €28,967 | +€11,131 | +62.4% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €366 | €340 | -€26 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,632 | €73,028 | +€34,396 | +89.0% |
| Other operating charges | 640/8 | €2,370 | €5,082 | +€2,712 | +114% |
| Gross operating margin | 9900 | €102,972 | €86,056 | -€16,916 | -16.4% |
| Operating profit (loss) | 9901 | €61,970 | €7,945 | -€54,025 | -87.2% |
| Financial income | 75/76B | €8 | €1,086 | +€1,077 | +13,074% |
| Recurring financial income | 75 | €8 | €1,086 | +€1,077 | +13,074% |
| Financial charges | 65/66B | €5,739 | €9,749 | +€4,010 | +69.9% |
| Recurring financial charges | 65 | €5,739 | €9,749 | +€4,010 | +69.9% |
| Profit (loss) for the period before taxes | 9903 | €56,239 | -€718 | -€56,957 | |
| Income taxes | 67/77 | €15,736 | €633 | -€15,103 | -96.0% |
| Profit (loss) for the period | 9904 | €40,503 | -€1,351 | -€41,854 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,503 | -€1,351 | -€41,854 |
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 23 October 2026 via checked.be.