D M D PARTNERS: 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 PARTNERS
Largest movements
- Receivables within one year +€82,548
up €82,548 (+666%), from €12,388 to €94,936
of which Other amounts receivable: +€65,792
- Current investments -€45,586
down €45,586 (-29.0%), from €156,949 to €111,363
- Cash +€9,318
up €9,318 (+31.1%), from €29,931 to €39,249
mainly Current investments (+€45,586) and Net result for the year (+€32,844)
- Tangible fixed assets -€6,020
down €6,020 (-18.7%), from €32,255 to €26,235
of which Furniture and vehicles: -€6,238
- Reserves +€32,844
up €32,844 (+15.9%), from €206,757 to €239,601
of which Distributable reserves: +€32,844
- Trade debts +€12,302
up €12,302 (+299%), from €4,116 to €16,418
- Tax, wage and social debts -€4,399
down €4,399 (-62.8%), from €7,003 to €2,604
- Gross operating margin -€9,273
down €9,273 (-14.3%), from €64,933 to €55,660
- Financial income -€6,117
down €6,117 (-52.9%), from €11,566 to €5,449
of which Non-recurring financial income: -€7,953
- Taxes -€4,128
down €4,128 (-23.5%), from €17,539 to €13,411
- Financial charges -€1,328
down €1,328 (-64.4%), from €2,062 to €734
- Depreciation +€1,194
up €1,194 (+10.5%), from €11,384 to €12,578
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.
Derived cash bridge
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 | €236,868 | €277,743 | +€40,875 | +17.3% |
| Fixed assets | 21/28 | €32,255 | €26,235 | -€6,020 | -18.7% |
| Tangible fixed assets | 22/27 | €32,255 | €26,235 | -€6,020 | -18.7% |
| Plant, machinery and equipment | 23 | - | €218 | +€218 | |
| Furniture and vehicles | 24 | €32,255 | €26,017 | -€6,238 | -19.3% |
| Current assets | 29/58 | €204,613 | €251,508 | +€46,895 | +22.9% |
| Amounts receivable within one year | 40/41 | €12,388 | €94,936 | +€82,548 | +666% |
| Trade receivables | 40 | €12,294 | €29,050 | +€16,756 | +136% |
| Other amounts receivable | 41 | €94 | €65,886 | +€65,792 | +69,991% |
| Current investments | 50/53 | €156,949 | €111,363 | -€45,586 | -29.0% |
| Cash at bank and in hand | 54/58 | €29,931 | €39,249 | +€9,318 | +31.1% |
| Deferred charges and accrued income | 490/1 | €5,345 | €5,960 | +€615 | +11.5% |
| Total equity and liabilities | 10/49 | €236,868 | €277,743 | +€40,875 | +17.3% |
| Equity | 10/15 | €225,349 | €258,193 | +€32,844 | +14.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €206,757 | €239,601 | +€32,844 | +15.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €204,898 | €237,742 | +€32,844 | +16.0% |
| Amounts payable | 17/49 | €11,519 | €19,550 | +€8,031 | +69.7% |
| Amounts payable within one year | 42/48 | €11,519 | €19,550 | +€8,031 | +69.7% |
| Financial debts | 43 | €168 | €199 | +€31 | +18.5% |
| Credit institutions | 430/8 | €168 | €199 | +€31 | +18.5% |
| Trade debts | 44 | €4,116 | €16,418 | +€12,302 | +299% |
| Suppliers | 440/4 | €4,116 | €16,418 | +€12,302 | +299% |
| Taxes, remuneration and social security | 45 | €7,003 | €2,604 | -€4,399 | -62.8% |
| Taxes | 450/3 | €7,003 | €2,604 | -€4,399 | -62.8% |
| Other amounts payable | 47/48 | €232 | €329 | +€97 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,384 | €12,578 | +€1,194 | +10.5% |
| Other operating charges | 640/8 | €1,482 | €1,542 | +€60 | +4.0% |
| Gross operating margin | 9900 | €64,933 | €55,660 | -€9,273 | -14.3% |
| Operating profit (loss) | 9901 | €52,067 | €41,540 | -€10,527 | -20.2% |
| Financial income | 75/76B | €11,566 | €5,449 | -€6,117 | -52.9% |
| Recurring financial income | 75 | €3,613 | €5,449 | +€1,836 | +50.8% |
| Non-recurring financial income | 76B | €7,953 | - | -€7,953 | |
| Financial charges | 65/66B | €2,062 | €734 | -€1,328 | -64.4% |
| Recurring financial charges | 65 | €2,062 | €734 | -€1,328 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €61,571 | €46,255 | -€15,316 | -24.9% |
| Income taxes | 67/77 | €17,539 | €13,411 | -€4,128 | -23.5% |
| Profit (loss) for the period | 9904 | €44,032 | €32,844 | -€11,188 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,032 | €32,844 | -€11,188 | -25.4% |
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 23 October 2026 via checked.be.