D.C.M.: 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.C.M.
Largest movements
- Cash +€89,574
up €89,574 (+354.4%), from €25,272 to €114,846
mainly Investment in fixed assets (net) (+€62,608) and Net result for the year (+€60,663)
- Tangible fixed assets -€67,594
down €67,594 (-27.5%), from €245,916 to €178,321
of which Land and buildings: -€62,265
- Current investments -€20,109
no longer reported in 2025 (was €20,109)
- Reserves +€60,663
up €60,663 (+32.3%), from €187,822 to €248,484
of which Distributable reserves: +€60,663
- Debts after one year -€32,608
no longer reported in 2025 (was €32,608)
- Current portion of long-term debt -€28,366
down €28,366 (-83.2%), from €34,082 to €5,716
- Tax, wage and social debts +€14,710
up €14,710 (+1290.9%), from €1,140 to €15,850
- Other debts -€13,031
down €13,031 (-69.4%), from €18,775 to €5,744
- Gross operating margin +€40,296
up €40,296 (+64.8%), from €62,157 to €102,453
- Taxes +€22,514
up €22,514 (+258.5%), from €8,709 to €31,223
- Depreciation -€20,577
down €20,577 (-80.5%), from €25,564 to €4,986
- Financial charges -€1,715
down €1,715 (-39.6%), from €4,335 to €2,619
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 | €294,039 | €295,649 | +€1,610 | +0.5% |
| Fixed assets | 21/28 | €245,916 | €178,321 | -€67,594 | -27.5% |
| Tangible fixed assets | 22/27 | €245,916 | €178,321 | -€67,594 | -27.5% |
| Land and buildings | 22 | €224,618 | €162,353 | -€62,265 | -27.7% |
| Plant, machinery and equipment | 23 | €220 | €27 | -€192 | -87.5% |
| Furniture and vehicles | 24 | €4,326 | €2,658 | -€1,668 | -38.6% |
| Leasing and similar rights | 25 | €16,752 | €13,282 | -€3,470 | -20.7% |
| Current assets | 29/58 | €48,123 | €117,328 | +€69,204 | +143.8% |
| Amounts receivable within one year | 40/41 | €1,121 | €4 | -€1,117 | -99.7% |
| Trade receivables | 40 | €335 | - | -€335 | |
| Other amounts receivable | 41 | €786 | €4 | -€783 | -99.5% |
| Current investments | 50/53 | €20,109 | - | -€20,109 | |
| Cash at bank and in hand | 54/58 | €25,272 | €114,846 | +€89,574 | +354.4% |
| Deferred charges and accrued income | 490/1 | €1,621 | €2,478 | +€857 | +52.8% |
| Total equity and liabilities | 10/49 | €294,039 | €295,649 | +€1,610 | +0.5% |
| Equity | 10/15 | €206,414 | €267,076 | +€60,663 | +29.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €187,822 | €248,484 | +€60,663 | +32.3% |
| 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 | €185,962 | €246,624 | +€60,663 | +32.6% |
| Amounts payable | 17/49 | €87,625 | €28,573 | -€59,053 | -67.4% |
| Amounts payable after more than one year | 17 | €32,608 | - | -€32,608 | |
| Financial debts | 170/4 | €32,608 | - | -€32,608 | |
| Amounts payable within one year | 42/48 | €55,018 | €28,573 | -€26,445 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €34,082 | €5,716 | -€28,366 | -83.2% |
| Trade debts | 44 | €1,021 | €1,263 | +€242 | +23.7% |
| Suppliers | 440/4 | €1,021 | €1,263 | +€242 | +23.7% |
| Taxes, remuneration and social security | 45 | €1,140 | €15,850 | +€14,710 | +1290.9% |
| Taxes | 450/3 | €1,140 | €15,850 | +€14,710 | +1290.9% |
| Other amounts payable | 47/48 | €18,775 | €5,744 | -€13,031 | -69.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,564 | €4,986 | -€20,577 | -80.5% |
| Other operating charges | 640/8 | €3,771 | €3,151 | -€620 | -16.5% |
| Gross operating margin | 9900 | €62,157 | €102,453 | +€40,296 | +64.8% |
| Operating profit (loss) | 9901 | €32,822 | €94,316 | +€61,494 | +187.4% |
| Financial income | 75/76B | €67 | €189 | +€122 | +182.2% |
| Recurring financial income | 75 | €67 | €189 | +€122 | +182.2% |
| Financial charges | 65/66B | €4,335 | €2,619 | -€1,715 | -39.6% |
| Recurring financial charges | 65 | €4,335 | €2,619 | -€1,715 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €28,555 | €91,886 | +€63,331 | +221.8% |
| Income taxes | 67/77 | €8,709 | €31,223 | +€22,514 | +258.5% |
| Profit (loss) for the period | 9904 | €19,845 | €60,663 | +€40,817 | +205.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,845 | €60,663 | +€40,817 | +205.7% |
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 6 October 2026 via checked.be.