D&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&M
Largest movements
- Receivables within one year +€1,195
up €1,195 (+49.7%), from €2,405 to €3,600
- Tangible fixed assets +€559
new in 2025: €559
- Profit (loss) carried forward +€2,485
up €2,485, from -€604 to €1,880
- Trade debts -€729
no longer reported in 2025 (was €729)
- Gross operating margin +€1,496
up €1,496 (+92.1%), from €1,623 to €3,119
- Depreciation +€93
new in 2025: €93
- Other operating charges +€88
up €88 (+21.9%), from €400 to €488
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 | €6,324 | €8,080 | +€1,756 | +27.8% |
| Fixed assets | 21/28 | €1,500 | €2,059 | +€559 | +37.3% |
| Tangible fixed assets | 22/27 | - | €559 | +€559 | |
| Plant, machinery and equipment | 23 | - | €559 | +€559 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €4,824 | €6,021 | +€1,197 | +24.8% |
| Amounts receivable within one year | 40/41 | €2,405 | €3,600 | +€1,195 | +49.7% |
| Other amounts receivable | 41 | €2,405 | €3,600 | +€1,195 | +49.7% |
| Cash at bank and in hand | 54/58 | €2,420 | €2,422 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €6,324 | €8,080 | +€1,756 | +27.8% |
| Equity | 10/15 | €5,596 | €8,080 | +€2,485 | +44.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€604 | €1,880 | +€2,485 | |
| Amounts payable | 17/49 | €729 | - | -€729 | |
| Amounts payable within one year | 42/48 | €729 | - | -€729 | |
| Trade debts | 44 | €729 | - | -€729 | |
| Suppliers | 440/4 | €729 | - | -€729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €93 | +€93 | |
| Other operating charges | 640/8 | €400 | €488 | +€88 | +21.9% |
| Gross operating margin | 9900 | €1,623 | €3,119 | +€1,496 | +92.1% |
| Operating profit (loss) | 9901 | €1,223 | €2,539 | +€1,315 | +107.5% |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,169 | €2,485 | +€1,315 | +112.5% |
| Profit (loss) for the period | 9904 | €1,169 | €2,485 | +€1,315 | +112.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,169 | €2,485 | +€1,315 | +112.5% |
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.