D.M.D.: what changed
Two financial 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.D.
Largest movements
- Tangible fixed assets +€5,183
up €5,183 (+5.3%), from €98,689 to €103,873
of which Land and buildings: +€6,794
- Cash -€2,705
down €2,705 (-59.9%), from €4,513 to €1,809
mainly Investment in fixed assets (net) (-€9,783) and Contributions, distributions and other (-€8,900)
- Reserves -€8,900
down €8,900 (-20.9%), from €42,614 to €33,714
of which Distributable reserves: -€8,900
- Profit (loss) carried forward +€6,163
up €6,163 (+9.2%), from -€66,756 to -€60,592
- Other debts +€2,931
up €2,931 (+5.8%), from €50,752 to €53,684
- Tax, wage and social debts +€1,717
up €1,717 (+250.8%), from €685 to €2,402
- Depreciation -€9,155
down €9,155 (-66.6%), from €13,755 to €4,600
- Gross operating margin -€7,027
down €7,027 (-23.7%), from €29,689 to €22,662
- Financial charges +€815
up €815 (+18.0%), from €4,541 to €5,356
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 | €105,285 | €107,766 | +€2,482 | +2.4% |
| Fixed assets | 21/28 | €98,689 | €103,873 | +€5,183 | +5.3% |
| Tangible fixed assets | 22/27 | €98,689 | €103,873 | +€5,183 | +5.3% |
| Land and buildings | 22 | €93,007 | €99,801 | +€6,794 | +7.3% |
| Plant, machinery and equipment | 23 | €5,683 | €4,071 | -€1,611 | -28.4% |
| Current assets | 29/58 | €6,595 | €3,894 | -€2,702 | -41.0% |
| Amounts receivable within one year | 40/41 | €1,643 | €1,643 | = | 0.0% |
| Other amounts receivable | 41 | €1,643 | €1,643 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,513 | €1,809 | -€2,705 | -59.9% |
| Deferred charges and accrued income | 490/1 | €439 | €442 | +€3 | +0.7% |
| Total equity and liabilities | 10/49 | €105,285 | €107,766 | +€2,482 | +2.4% |
| Equity | 10/15 | €47,995 | €45,258 | -€2,737 | -5.7% |
| Contributions | 10/11 | €72,137 | €72,137 | = | 0.0% |
| Capital | 10 | €72,137 | €72,137 | = | 0.0% |
| Issued capital | 100 | €72,137 | €72,137 | = | 0.0% |
| Reserves | 13 | €42,614 | €33,714 | -€8,900 | -20.9% |
| Non-distributable reserves | 130/1 | €7,214 | €7,214 | = | 0.0% |
| Legal reserve | 130 | €7,214 | €7,214 | = | 0.0% |
| Distributable reserves | 133 | €35,400 | €26,500 | -€8,900 | -25.1% |
| Profit (loss) carried forward | 14 | -€66,756 | -€60,592 | +€6,163 | +9.2% |
| Amounts payable | 17/49 | €57,290 | €62,508 | +€5,218 | +9.1% |
| Amounts payable within one year | 42/48 | €51,931 | €57,053 | +€5,122 | +9.9% |
| Trade debts | 44 | €494 | €968 | +€474 | +95.9% |
| Suppliers | 440/4 | €494 | €968 | +€474 | +95.9% |
| Taxes, remuneration and social security | 45 | €685 | €2,402 | +€1,717 | +250.8% |
| Taxes | 450/3 | €685 | €2,402 | +€1,717 | +250.8% |
| Other amounts payable | 47/48 | €50,752 | €53,684 | +€2,931 | +5.8% |
| Accrued charges and deferred income | 492/3 | €5,359 | €5,455 | +€96 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,755 | €4,600 | -€9,155 | -66.6% |
| Other operating charges | 640/8 | €4,065 | €4,141 | +€76 | +1.9% |
| Gross operating margin | 9900 | €29,689 | €22,662 | -€7,027 | -23.7% |
| Operating profit (loss) | 9901 | €11,869 | €13,921 | +€2,052 | +17.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,541 | €5,356 | +€815 | +18.0% |
| Recurring financial charges | 65 | €4,541 | €5,356 | +€815 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €7,328 | €8,565 | +€1,237 | +16.9% |
| Income taxes | 67/77 | €2,357 | €2,402 | +€45 | +1.9% |
| Profit (loss) for the period | 9904 | €4,971 | €6,163 | +€1,192 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,971 | €6,163 | +€1,192 | +24.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.