DLG ASSURANCES: 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.
DLG ASSURANCES
Largest movements
- Financial fixed assets +€1.2m
up €1.2m (+3,031%), from €38,366 to €1.2m
- Tangible fixed assets +€255,090
up €255,090 (+11.0%), from €2.3m to €2.6m
of which Land and buildings: +€266,200
- Cash +€101,462
up €101,462 (+101%), from €100,560 to €202,022
mainly Debts after one year (+€843,465) and Net result for the year (+€776,152)
- Debts after one year +€843,465
up €843,465 (+39.4%), from €2.1m to €3.0m
- Reserves +€396,906
up €396,906 (+155%), from €255,396 to €652,302
of which Tax-exempt reserves: +€422,270
- Current portion of long-term debt +€141,745
up €141,745 (+62.1%), from €228,311 to €370,056
- Provisions +€140,757
up €140,757 (+203%), from €69,462 to €210,219
- Trade debts +€47,219
up €47,219 (+156%), from €30,229 to €77,448
- Gross operating margin +€737,889
up €737,889 (+58.0%), from €1.3m to €2.0m
- Staff costs +€91,973
up €91,973 (+16.0%), from €574,931 to €666,905
- Taxes -€51,385
down €51,385 (-50.2%), from €102,383 to €50,998
- Depreciation +€37,241
up €37,241 (+15.4%), from €241,554 to €278,795
- Financial charges +€29,709
up €29,709 (+39.5%), from €75,219 to €104,927
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 | €2,968,775 | €4,515,328 | +€1.5m | +52.1% |
| Fixed assets | 21/28 | €2,673,206 | €4,120,325 | +€1.4m | +54.1% |
| Intangible fixed assets | 21 | €318,493 | €347,467 | +€28,974 | +9.1% |
| Tangible fixed assets | 22/27 | €2,316,347 | €2,571,437 | +€255,090 | +11.0% |
| Land and buildings | 22 | €2,175,660 | €2,441,860 | +€266,200 | +12.2% |
| Plant, machinery and equipment | 23 | €759 | - | -€759 | |
| Furniture and vehicles | 24 | €139,928 | €129,576 | -€10,352 | -7.4% |
| Financial fixed assets | 28 | €38,366 | €1,201,421 | +€1.2m | +3,031% |
| Current assets | 29/58 | €295,569 | €395,003 | +€99,434 | +33.6% |
| Amounts receivable within one year | 40/41 | €156,134 | €148,238 | -€7,895 | -5.1% |
| Trade receivables | 40 | €143,590 | €148,066 | +€4,476 | +3.1% |
| Other amounts receivable | 41 | €12,544 | €172 | -€12,371 | -98.6% |
| Current investments | 50/53 | €36,431 | €36,431 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €100,560 | €202,022 | +€101,462 | +101% |
| Deferred charges and accrued income | 490/1 | €2,443 | €8,311 | +€5,868 | +240% |
| Total equity and liabilities | 10/49 | €2,968,775 | €4,515,328 | +€1.5m | +52.1% |
| Equity | 10/15 | €345,396 | €746,548 | +€401,152 | +116% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €255,396 | €652,302 | +€396,906 | +155% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €208,386 | €630,656 | +€422,270 | +203% |
| Distributable reserves | 133 | €38,010 | €12,646 | -€25,364 | -66.7% |
| Profit (loss) carried forward | 14 | - | €4,246 | +€4,246 | |
| Provisions and deferred taxes | 16 | €69,462 | €210,219 | +€140,757 | +203% |
| Deferred taxes | 168 | €69,462 | €210,219 | +€140,757 | +203% |
| Amounts payable | 17/49 | €2,553,917 | €3,558,561 | +€1.0m | +39.3% |
| Amounts payable after more than one year | 17 | €2,143,003 | €2,986,468 | +€843,465 | +39.4% |
| Financial debts | 170/4 | €2,143,003 | €2,986,468 | +€843,465 | +39.4% |
| Amounts payable within one year | 42/48 | €410,913 | €572,093 | +€161,179 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | €228,311 | €370,056 | +€141,745 | +62.1% |
| Financial debts | 43 | €208 | - | -€208 | |
| Credit institutions | 430/8 | €208 | - | -€208 | |
| Trade debts | 44 | €30,229 | €77,448 | +€47,219 | +156% |
| Suppliers | 440/4 | €30,229 | €77,448 | +€47,219 | +156% |
| Taxes, remuneration and social security | 45 | €150,889 | €124,142 | -€26,747 | -17.7% |
| Taxes | 450/3 | €90,448 | €53,036 | -€37,412 | -41.4% |
| Remuneration and social security | 454/9 | €60,441 | €71,106 | +€10,665 | +17.6% |
| Other amounts payable | 47/48 | €1,276 | €446 | -€830 | -65.0% |
| Non-recurring operating income | 76A | €9,753 | - | -€9,753 | |
| Remuneration, social security and pensions | 62 | €574,931 | €666,905 | +€91,973 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,554 | €278,795 | +€37,241 | +15.4% |
| Other operating charges | 640/8 | €17,925 | €15,538 | -€2,387 | -13.3% |
| Gross operating margin | 9900 | €1,271,903 | €2,009,791 | +€737,889 | +58.0% |
| Operating profit (loss) | 9901 | €437,492 | €1,048,554 | +€611,061 | +140% |
| Financial income | 75/76B | €11,089 | €24,280 | +€13,191 | +119% |
| Recurring financial income | 75 | €11,089 | €24,280 | +€13,191 | +119% |
| Financial charges | 65/66B | €75,219 | €104,927 | +€29,709 | +39.5% |
| Recurring financial charges | 65 | €75,219 | €104,927 | +€29,709 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €373,363 | €967,907 | +€594,544 | +159% |
| Transfer from deferred taxes | 780 | €3,873 | €6,338 | +€2,466 | +63.7% |
| Transfer to deferred taxes | 680 | - | €147,095 | +€147,095 | |
| Income taxes | 67/77 | €102,383 | €50,998 | -€51,385 | -50.2% |
| Profit (loss) for the period | 9904 | €274,852 | €776,152 | +€501,300 | +182% |
| Transfer from tax-exempt reserves | 789 | €11,618 | €19,015 | +€7,397 | +63.7% |
| Transfer to tax-exempt reserves | 689 | - | €441,284 | +€441,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €286,470 | €353,883 | +€67,413 | +23.5% |
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 28 October 2026 via checked.be.