HOLDING DG: what changed
Two fiscal 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.
HOLDING DG
Largest movements
- Cash +€1.2m
up €1.2m (+636.6%), from €186,158 to €1.4m
mainly Current investments (+€1.1m) and Net result for the year (+€476,074)
- Current investments -€1.1m
down €1.1m (-61.1%), from €1.8m to €701,634
- Financial fixed assets -€467,975
down €467,975 (-6.7%), from €6.9m to €6.5m
of which Companies linked by participating interests: -€367,975
- Reserves -€383,926
down €383,926 (-4.4%), from €8.8m to €8.4m
of which Distributable reserves: -€383,926
No income-statement line moved by more than 1% of the activity.
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.
Cash bridge derived
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 | €8,944,913 | €8,561,091 | -€383,822 | -4.3% |
| Fixed assets | 21/28 | €6,947,648 | €6,479,673 | -€467,975 | -6.7% |
| Financial fixed assets | 28 | €6,947,648 | €6,479,673 | -€467,975 | -6.7% |
| Affiliated companies | 280/1 | €5,843,721 | €5,743,721 | -€100,000 | -1.7% |
| Participating interests | 280 | €5,243,721 | €5,243,721 | = | 0.0% |
| Amounts receivable | 281 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Companies linked by participating interests | 282/3 | €1,103,927 | €735,952 | -€367,975 | -33.3% |
| Amounts receivable | 283 | €1,103,927 | €735,952 | -€367,975 | -33.3% |
| Current assets | 29/58 | €1,997,265 | €2,081,418 | +€84,153 | +4.2% |
| Amounts receivable within one year | 40/41 | €1,374 | €5,615 | +€4,242 | +308.8% |
| Other amounts receivable | 41 | €1,374 | €5,615 | +€4,242 | +308.8% |
| Current investments | 50/53 | €1,802,992 | €701,634 | -€1.1m | -61.1% |
| Other investments | 51/53 | €1,802,992 | €701,634 | -€1.1m | -61.1% |
| Cash at bank and in hand | 54/58 | €186,158 | €1,371,195 | +€1.2m | +636.6% |
| Deferred charges and accrued income | 490/1 | €6,742 | €2,973 | -€3,769 | -55.9% |
| Total equity and liabilities | 10/49 | €8,944,913 | €8,561,091 | -€383,822 | -4.3% |
| Equity | 10/15 | €8,922,720 | €8,538,794 | -€383,926 | -4.3% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €8,773,984 | €8,390,058 | -€383,926 | -4.4% |
| Non-distributable reserves | 130/1 | €14,874 | €14,874 | = | 0.0% |
| Legal reserve | 130 | €14,874 | €14,874 | = | 0.0% |
| Distributable reserves | 133 | €8,759,110 | €8,375,184 | -€383,926 | -4.4% |
| Amounts payable | 17/49 | €22,193 | €22,297 | +€104 | +0.5% |
| Amounts payable within one year | 42/48 | €22,013 | €22,201 | +€188 | +0.9% |
| Trade debts | 44 | €3,181 | €3,369 | +€188 | +5.9% |
| Suppliers | 440/4 | €3,181 | €3,369 | +€188 | +5.9% |
| Taxes, remuneration and social security | 45 | €18,832 | €18,832 | = | 0.0% |
| Taxes | 450/3 | €18,832 | €18,832 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €180 | €96 | -€85 | -46.9% |
| Operating charges | 60/66A | €15,393 | €12,691 | -€2,702 | -17.6% |
| Services and other goods | 61 | €14,153 | €11,438 | -€2,715 | -19.2% |
| Other operating charges | 640/8 | €1,240 | €1,253 | +€13 | +1.0% |
| Operating profit (loss) | 9901 | -€15,393 | -€12,691 | +€2,702 | +17.6% |
| Financial income | 75/76B | €570,796 | €524,967 | -€45,829 | -8.0% |
| Recurring financial income | 75 | €570,796 | €524,967 | -€45,829 | -8.0% |
| Income from financial fixed assets | 750 | €517,435 | €500,834 | -€16,601 | -3.2% |
| Income from current assets | 751 | €53,361 | €24,133 | -€29,228 | -54.8% |
| Financial charges | 65/66B | €662 | €34,577 | +€33,916 | +5124.9% |
| Recurring financial charges | 65 | €662 | €34,577 | +€33,916 | +5124.9% |
| Debt charges | 650 | €3 | €1 | -€2 | -69.5% |
| Other financial charges | 652/9 | €659 | €34,576 | +€33,918 | +5150.6% |
| Profit (loss) for the period before taxes | 9903 | €554,741 | €477,698 | -€77,042 | -13.9% |
| Income taxes | 67/77 | €34,840 | €1,625 | -€33,215 | -95.3% |
| Taxes | 670/3 | €34,840 | €7,240 | -€27,600 | -79.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €5,615 | +€5,615 | |
| Profit (loss) for the period | 9904 | €519,901 | €476,074 | -€43,827 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €519,901 | €476,074 | -€43,827 | -8.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.