D.M.E. CHANGE: 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.E. CHANGE
Largest movements
- Cash +€206,202
up €206,202 (+17.5%), from €1.2m to €1.4m
mainly Net result for the year (+€158,510) and Receivables within one year (+€82,076)
- Receivables within one year -€82,076
down €82,076 (-82.8%), from €99,155 to €17,079
- Tangible fixed assets +€31,487
up €31,487 (+7.9%), from €399,650 to €431,137
of which Furniture and vehicles: +€56,110
- Stocks and contracts +€21,429
up €21,429 (+13.2%), from €162,524 to €183,953
- Profit (loss) carried forward +€158,510
up €158,510 (+12.5%), from €1.3m to €1.4m
- Tax, wage and social debts +€43,233
up €43,233 (+68.8%), from €62,849 to €106,082
of which Taxes: +€48,455
- Other debts -€24,873
down €24,873 (-29.1%), from €85,359 to €60,486
- Gross operating margin +€59,442
up €59,442 (+14.6%), from €407,295 to €466,737
- Staff costs -€44,236
down €44,236 (-20.4%), from €216,335 to €172,099
- Taxes +€25,015
up €25,015 (+81.3%), from €30,775 to €55,790
- Depreciation +€14,374
up €14,374 (+34.6%), from €41,563 to €55,937
- Financial charges -€7,038
down €7,038 (-47.7%), from €14,744 to €7,706
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 | €1,844,952 | €2,022,817 | +€177,864 | +9.6% |
| Fixed assets | 21/28 | €402,061 | €433,064 | +€31,003 | +7.7% |
| Intangible fixed assets | 21 | €610 | €126 | -€484 | -79.3% |
| Tangible fixed assets | 22/27 | €399,650 | €431,137 | +€31,487 | +7.9% |
| Land and buildings | 22 | €352,885 | €331,027 | -€21,858 | -6.2% |
| Plant, machinery and equipment | 23 | €606 | €198 | -€408 | -67.4% |
| Furniture and vehicles | 24 | €30,896 | €87,006 | +€56,110 | +181.6% |
| Other tangible fixed assets | 26 | €15,264 | €12,907 | -€2,357 | -15.4% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €1,442,892 | €1,589,753 | +€146,861 | +10.2% |
| Stocks and contracts in progress | 3 | €162,524 | €183,953 | +€21,429 | +13.2% |
| Stocks | 30/36 | €162,524 | €183,953 | +€21,429 | +13.2% |
| Amounts receivable within one year | 40/41 | €99,155 | €17,079 | -€82,076 | -82.8% |
| Trade receivables | 40 | €99,155 | €17,079 | -€82,076 | -82.8% |
| Cash at bank and in hand | 54/58 | €1,178,137 | €1,384,338 | +€206,202 | +17.5% |
| Deferred charges and accrued income | 490/1 | €3,076 | €4,383 | +€1,307 | +42.5% |
| Total equity and liabilities | 10/49 | €1,844,952 | €2,022,817 | +€177,864 | +9.6% |
| Equity | 10/15 | €1,671,718 | €1,830,228 | +€158,510 | +9.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €200,295 | €200,295 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €295 | €295 | = | 0.0% |
| Distributable reserves | 133 | €180,000 | €180,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,271,423 | €1,429,933 | +€158,510 | +12.5% |
| Amounts payable | 17/49 | €173,234 | €192,589 | +€19,354 | +11.2% |
| Amounts payable within one year | 42/48 | €173,117 | €192,559 | +€19,442 | +11.2% |
| Trade debts | 44 | €24,909 | €25,991 | +€1,081 | +4.3% |
| Suppliers | 440/4 | €24,909 | €25,991 | +€1,081 | +4.3% |
| Taxes, remuneration and social security | 45 | €62,849 | €106,082 | +€43,233 | +68.8% |
| Taxes | 450/3 | €38,674 | €87,129 | +€48,455 | +125.3% |
| Remuneration and social security | 454/9 | €24,174 | €18,953 | -€5,222 | -21.6% |
| Other amounts payable | 47/48 | €85,359 | €60,486 | -€24,873 | -29.1% |
| Accrued charges and deferred income | 492/3 | €117 | €30 | -€88 | -74.6% |
| Remuneration, social security and pensions | 62 | €216,335 | €172,099 | -€44,236 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,563 | €55,937 | +€14,374 | +34.6% |
| Other operating charges | 640/8 | €15,355 | €16,991 | +€1,636 | +10.7% |
| Gross operating margin | 9900 | €407,295 | €466,737 | +€59,442 | +14.6% |
| Operating profit (loss) | 9901 | €134,041 | €221,710 | +€87,668 | +65.4% |
| Financial income | 75/76B | €528 | €296 | -€231 | -43.8% |
| Recurring financial income | 75 | €528 | €296 | -€231 | -43.8% |
| Financial charges | 65/66B | €14,744 | €7,706 | -€7,038 | -47.7% |
| Recurring financial charges | 65 | €14,744 | €7,706 | -€7,038 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €119,825 | €214,300 | +€94,475 | +78.8% |
| Income taxes | 67/77 | €30,775 | €55,790 | +€25,015 | +81.3% |
| Profit (loss) for the period | 9904 | €89,051 | €158,510 | +€69,459 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,051 | €158,510 | +€69,459 | +78.0% |
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 7 October 2026 via checked.be.