D.M.C.: 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.C.
Largest movements
- Tangible fixed assets +€448,244
up €448,244 (+196.8%), from €227,713 to €675,957
of which Land and buildings: +€454,233
- Current investments -€400,000
down €400,000 (-65.4%), from €612,000 to €212,000
- Cash -€47,487
down €47,487 (-12.1%), from €393,324 to €345,837
mainly Investment in fixed assets (net) (-€502,657) and Contributions, distributions and other (-€233,246)
- Other debts +€174,277
up €174,277 (+179.0%), from €97,366 to €271,643
- Reserves -€158,504
down €158,504 (-10.0%), from €1.6m to €1.4m
of which Distributable reserves: -€158,504
- Trade debts -€32,150
down €32,150 (-70.7%), from €45,476 to €13,326
- Gross operating margin -€35,191
down €35,191 (-18.0%), from €195,594 to €160,403
- Depreciation +€26,999
up €26,999 (+98.5%), from €27,414 to €54,413
- Taxes -€26,642
down €26,642 (-43.7%), from €60,923 to €34,281
- Financial income -€10,023
down €10,023 (-29.9%), from €33,516 to €23,494
- Staff costs +€4,161
up €4,161 (+48.4%), from €8,596 to €12,757
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 | €1,774,854 | €1,757,394 | -€17,460 | -1.0% |
| Fixed assets | 21/28 | €458,004 | €906,248 | +€448,244 | +97.9% |
| Tangible fixed assets | 22/27 | €227,713 | €675,957 | +€448,244 | +196.8% |
| Land and buildings | 22 | €22,284 | €476,517 | +€454,233 | +2038.4% |
| Furniture and vehicles | 24 | €120,430 | €99,015 | -€21,415 | -17.8% |
| Other tangible fixed assets | 26 | €85,000 | €100,425 | +€15,425 | +18.1% |
| Financial fixed assets | 28 | €230,290 | €230,290 | = | 0.0% |
| Current assets | 29/58 | €1,316,850 | €851,146 | -€465,704 | -35.4% |
| Amounts receivable after more than one year | 29 | €228,500 | €220,500 | -€8,000 | -3.5% |
| Other amounts receivable | 291 | €228,500 | €220,500 | -€8,000 | -3.5% |
| Amounts receivable within one year | 40/41 | €54,900 | €46,739 | -€8,161 | -14.9% |
| Trade receivables | 40 | €45,675 | €36,382 | -€9,293 | -20.3% |
| Other amounts receivable | 41 | €9,225 | €10,357 | +€1,132 | +12.3% |
| Current investments | 50/53 | €612,000 | €212,000 | -€400,000 | -65.4% |
| Cash at bank and in hand | 54/58 | €393,324 | €345,837 | -€47,487 | -12.1% |
| Deferred charges and accrued income | 490/1 | €28,126 | €26,071 | -€2,056 | -7.3% |
| Total equity and liabilities | 10/49 | €1,774,854 | €1,757,394 | -€17,460 | -1.0% |
| Equity | 10/15 | €1,598,974 | €1,440,470 | -€158,504 | -9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,592,774 | €1,434,270 | -€158,504 | -10.0% |
| 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 | €1,590,914 | €1,432,410 | -€158,504 | -10.0% |
| Amounts payable | 17/49 | €175,879 | €316,924 | +€141,044 | +80.2% |
| Amounts payable within one year | 42/48 | €175,879 | €316,924 | +€141,044 | +80.2% |
| Trade debts | 44 | €45,476 | €13,326 | -€32,150 | -70.7% |
| Suppliers | 440/4 | €45,476 | €13,326 | -€32,150 | -70.7% |
| Taxes, remuneration and social security | 45 | €33,038 | €31,955 | -€1,083 | -3.3% |
| Taxes | 450/3 | €31,936 | €29,729 | -€2,207 | -6.9% |
| Remuneration and social security | 454/9 | €1,102 | €2,226 | +€1,124 | +102.1% |
| Other amounts payable | 47/48 | €97,366 | €271,643 | +€174,277 | +179.0% |
| Remuneration, social security and pensions | 62 | €8,596 | €12,757 | +€4,161 | +48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,414 | €54,413 | +€26,999 | +98.5% |
| Other operating charges | 640/8 | €6,714 | €6,476 | -€238 | -3.5% |
| Gross operating margin | 9900 | €195,594 | €160,403 | -€35,191 | -18.0% |
| Operating profit (loss) | 9901 | €152,870 | €86,757 | -€66,113 | -43.2% |
| Financial income | 75/76B | €33,516 | €23,494 | -€10,023 | -29.9% |
| Recurring financial income | 75 | €33,516 | €23,494 | -€10,023 | -29.9% |
| Financial charges | 65/66B | €1,129 | €1,228 | +€99 | +8.8% |
| Recurring financial charges | 65 | €1,129 | €1,228 | +€99 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €185,258 | €109,023 | -€76,235 | -41.2% |
| Income taxes | 67/77 | €60,923 | €34,281 | -€26,642 | -43.7% |
| Profit (loss) for the period | 9904 | €124,335 | €74,742 | -€49,593 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €124,335 | €74,742 | -€49,593 | -39.9% |
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 5 October 2026 via checked.be.