DLG MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€82,813
up €82,813 (+253%), from €32,780 to €115,593
of which Other amounts receivable: +€85,706
- Cash +€35,683
up €35,683 (+166%), from €21,500 to €57,183
mainly Other debts (+€108,093) and Net result for the year (+€84,953)
- Tangible fixed assets -€27,761
down €27,761 (-91.3%), from €30,406 to €2,644
of which Land and buildings: -€26,468
- Other debts +€108,093
up €108,093 (+11,914%), from €907 to €109,000
- Reserves -€25,000
down €25,000 (-73.8%), from €33,855 to €8,855
- Tax, wage and social debts +€5,611
up €5,611 (+9,837%), from €57 to €5,668
- Trade debts +€4,833
up €4,833 (+28.3%), from €17,062 to €21,895
- Debts after one year -€2,582
down €2,582 (-18.5%), from €13,935 to €11,353
- Gross operating margin +€64,750
up €64,750 (+135%), from €48,017 to €112,767
- Taxes +€13,367
up €13,367 (+107%), from €12,544 to €25,911
- Financial income +€2,970
up €2,970 (+2,040%), from €146 to €3,116
- Other operating charges +€2,451
up €2,451 (+284%), from €864 to €3,315
- Depreciation -€1,206
down €1,206 (-48.3%), from €2,499 to €1,293
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 | €88,332 | €179,699 | +€91,366 | +103% |
| Fixed assets | 21/28 | €30,765 | €3,004 | -€27,761 | -90.2% |
| Tangible fixed assets | 22/27 | €30,406 | €2,644 | -€27,761 | -91.3% |
| Land and buildings | 22 | €26,468 | - | -€26,468 | |
| Furniture and vehicles | 24 | €3,938 | €2,644 | -€1,293 | -32.8% |
| Financial fixed assets | 28 | €359 | €359 | = | 0.0% |
| Current assets | 29/58 | €57,567 | €176,695 | +€119,128 | +207% |
| Amounts receivable within one year | 40/41 | €32,780 | €115,593 | +€82,813 | +253% |
| Trade receivables | 40 | €29,197 | €26,304 | -€2,892 | -9.9% |
| Other amounts receivable | 41 | €3,583 | €89,289 | +€85,706 | +2,392% |
| Current investments | 50/53 | €1,100 | €1,600 | +€500 | +45.5% |
| Cash at bank and in hand | 54/58 | €21,500 | €57,183 | +€35,683 | +166% |
| Deferred charges and accrued income | 490/1 | €2,187 | €2,319 | +€132 | +6.0% |
| Total equity and liabilities | 10/49 | €88,332 | €179,699 | +€91,366 | +103% |
| Equity | 10/15 | €53,046 | €29,000 | -€24,047 | -45.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €33,855 | €8,855 | -€25,000 | -73.8% |
| Distributable reserves | 133 | €33,855 | €8,855 | -€25,000 | -73.8% |
| Profit (loss) carried forward | 14 | €641 | €1,595 | +€953 | +149% |
| Amounts payable | 17/49 | €35,286 | €150,699 | +€115,413 | +327% |
| Amounts payable after more than one year | 17 | €13,935 | €11,353 | -€2,582 | -18.5% |
| Financial debts | 170/4 | €13,935 | €11,353 | -€2,582 | -18.5% |
| Amounts payable within one year | 42/48 | €21,287 | €139,280 | +€117,993 | +554% |
| Current portion of amounts payable after more than one year | 42 | €3,261 | €2,717 | -€544 | -16.7% |
| Trade debts | 44 | €17,062 | €21,895 | +€4,833 | +28.3% |
| Suppliers | 440/4 | €17,062 | €21,895 | +€4,833 | +28.3% |
| Taxes, remuneration and social security | 45 | €57 | €5,668 | +€5,611 | +9,837% |
| Taxes | 450/3 | €57 | €5,668 | +€5,611 | +9,837% |
| Other amounts payable | 47/48 | €907 | €109,000 | +€108,093 | +11,914% |
| Accrued charges and deferred income | 492/3 | €64 | €66 | +€2 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,499 | €1,293 | -€1,206 | -48.3% |
| Other operating charges | 640/8 | €864 | €3,315 | +€2,451 | +284% |
| Gross operating margin | 9900 | €48,017 | €112,767 | +€64,750 | +135% |
| Operating profit (loss) | 9901 | €44,654 | €108,159 | +€63,505 | +142% |
| Financial income | 75/76B | €146 | €3,116 | +€2,970 | +2,040% |
| Recurring financial income | 75 | €146 | €3,116 | +€2,970 | +2,040% |
| Financial charges | 65/66B | €696 | €411 | -€285 | -41.0% |
| Recurring financial charges | 65 | €696 | €411 | -€285 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €44,104 | €110,864 | +€66,761 | +151% |
| Income taxes | 67/77 | €12,544 | €25,911 | +€13,367 | +107% |
| Profit (loss) for the period | 9904 | €31,560 | €84,953 | +€53,394 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €31,560 | €84,953 | +€53,394 | +169% |
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.