D.B.M.N: 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.
D.B.M.N
Largest movements
- Cash +€50,896
up €50,896 (+25.8%), from €197,314 to €248,210
mainly Net result for the year (+€31,897) and Deferred charges and accrued income (+€13,623)
- Deferred charges and accrued income -€13,623
down €13,623 (-96.4%), from €14,134 to €511
- Receivables within one year -€4,048
down €4,048 (-23.9%), from €16,931 to €12,883
of which Other amounts receivable: -€3,950
- Reserves +€31,897
up €31,897 (+17.1%), from €187,024 to €218,920
of which Distributable reserves: +€31,897
- Depreciation -€7,889
down €7,889 (-71.9%), from €10,974 to €3,086
- Gross operating margin +€5,999
up €5,999 (+13.8%), from €43,565 to €49,564
- Taxes +€2,996
up €2,996 (+30.4%), from €9,869 to €12,865
- Other operating charges -€533
down €533 (-25.0%), from €2,134 to €1,601
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 | €231,858 | €264,634 | +€32,777 | +14.1% |
| Fixed assets | 21/28 | €3,478 | €3,031 | -€448 | -12.9% |
| Tangible fixed assets | 22/27 | €3,478 | €3,031 | -€448 | -12.9% |
| Plant, machinery and equipment | 23 | €946 | - | -€946 | |
| Furniture and vehicles | 24 | €2,533 | €3,031 | +€498 | +19.7% |
| Current assets | 29/58 | €228,379 | €261,604 | +€33,224 | +14.5% |
| Amounts receivable within one year | 40/41 | €16,931 | €12,883 | -€4,048 | -23.9% |
| Trade receivables | 40 | €490 | €392 | -€98 | -20.0% |
| Other amounts receivable | 41 | €16,441 | €12,491 | -€3,950 | -24.0% |
| Cash at bank and in hand | 54/58 | €197,314 | €248,210 | +€50,896 | +25.8% |
| Deferred charges and accrued income | 490/1 | €14,134 | €511 | -€13,623 | -96.4% |
| Total equity and liabilities | 10/49 | €231,858 | €264,634 | +€32,777 | +14.1% |
| Equity | 10/15 | €205,624 | €237,520 | +€31,897 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,024 | €218,920 | +€31,897 | +17.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €185,164 | €217,060 | +€31,897 | +17.2% |
| Amounts payable | 17/49 | €26,234 | €27,114 | +€880 | +3.4% |
| Amounts payable within one year | 42/48 | €25,456 | €27,002 | +€1,546 | +6.1% |
| Taxes, remuneration and social security | 45 | €5,705 | €7,475 | +€1,770 | +31.0% |
| Taxes | 450/3 | €5,705 | €7,475 | +€1,770 | +31.0% |
| Other amounts payable | 47/48 | €19,751 | €19,527 | -€225 | -1.1% |
| Accrued charges and deferred income | 492/3 | €778 | €112 | -€666 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,974 | €3,086 | -€7,889 | -71.9% |
| Other operating charges | 640/8 | €2,134 | €1,601 | -€533 | -25.0% |
| Gross operating margin | 9900 | €43,565 | €49,564 | +€5,999 | +13.8% |
| Operating profit (loss) | 9901 | €30,457 | €44,877 | +€14,420 | +47.3% |
| Financial charges | 65/66B | €234 | €116 | -€119 | -50.7% |
| Recurring financial charges | 65 | €234 | €116 | -€119 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €30,223 | €44,762 | +€14,539 | +48.1% |
| Income taxes | 67/77 | €9,869 | €12,865 | +€2,996 | +30.4% |
| Profit (loss) for the period | 9904 | €20,354 | €31,897 | +€11,543 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,354 | €31,897 | +€11,543 | +56.7% |
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 28 September 2026 via checked.be.