DHAGO 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.
DHAGO TRANS
Largest movements
- Tangible fixed assets +€96,214
up €96,214 (+32.2%), from €298,541 to €394,755
of which Land and buildings: +€113,452
- Receivables within one year -€28,638
down €28,638 (-55.6%), from €51,518 to €22,880
of which Trade receivables: -€15,032
- Debts after one year +€64,449
up €64,449 (+27.7%), from €232,965 to €297,414
- Current portion of long-term debt -€10,395
down €10,395 (-41.8%), from €24,841 to €14,446
- Profit (loss) carried forward +€8,586
no longer reported in 2025 (was -€8,586)
- Taxes -€16,652
down €16,652 (-85.7%), from €19,429 to €2,776
- Depreciation -€14,193
down €14,193 (-38.8%), from €36,543 to €22,350
- Gross operating margin -€12,346
down €12,346 (-20.6%), from €59,919 to €47,573
- Financial charges +€1,699
up €1,699 (+21.9%), from €7,766 to €9,465
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 | €384,440 | €454,604 | +€70,164 | +18.3% |
| Fixed assets | 21/28 | €300,161 | €396,375 | +€96,214 | +32.1% |
| Tangible fixed assets | 22/27 | €298,541 | €394,755 | +€96,214 | +32.2% |
| Land and buildings | 22 | €232,055 | €345,507 | +€113,452 | +48.9% |
| Plant, machinery and equipment | 23 | €1,115 | €1,198 | +€83 | +7.4% |
| Furniture and vehicles | 24 | €661 | €426 | -€235 | -35.6% |
| Leasing and similar rights | 25 | €13,193 | - | -€13,193 | |
| Other tangible fixed assets | 26 | €51,518 | €47,625 | -€3,894 | -7.6% |
| Financial fixed assets | 28 | €1,620 | €1,620 | = | 0.0% |
| Current assets | 29/58 | €84,278 | €58,229 | -€26,049 | -30.9% |
| Amounts receivable within one year | 40/41 | €51,518 | €22,880 | -€28,638 | -55.6% |
| Trade receivables | 40 | €37,137 | €22,105 | -€15,032 | -40.5% |
| Other amounts receivable | 41 | €14,381 | €775 | -€13,606 | -94.6% |
| Cash at bank and in hand | 54/58 | €32,041 | €34,132 | +€2,091 | +6.5% |
| Deferred charges and accrued income | 490/1 | €719 | €1,217 | +€498 | +69.2% |
| Total equity and liabilities | 10/49 | €384,440 | €454,604 | +€70,164 | +18.3% |
| Equity | 10/15 | €62,933 | €74,467 | +€11,533 | +18.3% |
| Contributions | 10/11 | €15,400 | €15,400 | = | 0.0% |
| Reserves | 13 | €56,119 | €59,067 | +€2,948 | +5.3% |
| Distributable reserves | 133 | €56,119 | €59,067 | +€2,948 | +5.3% |
| Profit (loss) carried forward | 14 | -€8,586 | - | +€8,586 | |
| Amounts payable | 17/49 | €321,507 | €380,138 | +€58,631 | +18.2% |
| Amounts payable after more than one year | 17 | €232,965 | €297,414 | +€64,449 | +27.7% |
| Financial debts | 170/4 | €232,965 | €297,414 | +€64,449 | +27.7% |
| Amounts payable within one year | 42/48 | €88,542 | €82,724 | -€5,818 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €24,841 | €14,446 | -€10,395 | -41.8% |
| Trade debts | 44 | €26,298 | €27,839 | +€1,541 | +5.9% |
| Suppliers | 440/4 | €26,298 | €27,839 | +€1,541 | +5.9% |
| Taxes, remuneration and social security | 45 | €23,462 | €25,004 | +€1,542 | +6.6% |
| Taxes | 450/3 | €23,462 | €25,004 | +€1,542 | +6.6% |
| Other amounts payable | 47/48 | €13,940 | €15,435 | +€1,494 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,543 | €22,350 | -€14,193 | -38.8% |
| Other operating charges | 640/8 | €2,862 | €2,364 | -€498 | -17.4% |
| Gross operating margin | 9900 | €59,919 | €47,573 | -€12,346 | -20.6% |
| Operating profit (loss) | 9901 | €20,513 | €22,858 | +€2,345 | +11.4% |
| Financial income | 75/76B | €217 | €153 | -€64 | -29.5% |
| Recurring financial income | 75 | €217 | €153 | -€64 | -29.5% |
| Financial charges | 65/66B | €7,766 | €9,465 | +€1,699 | +21.9% |
| Recurring financial charges | 65 | €7,766 | €9,465 | +€1,699 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €12,964 | €13,546 | +€582 | +4.5% |
| Income taxes | 67/77 | €19,429 | €2,776 | -€16,652 | -85.7% |
| Profit (loss) for the period | 9904 | -€6,464 | €10,769 | +€17,234 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,464 | €10,769 | +€17,234 |
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 30 October 2026 via checked.be.