D.M. Finanz: 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. Finanz
Largest movements
- Financial fixed assets -€591,569
no longer reported in 2026 (was €591,569)
- Cash +€23,861
up €23,861 (+20.0%), from €119,109 to €142,969
mainly Net result for the year (+€1.9m) and Investment in fixed assets (net) (+€587,557)
- Receivables within one year +€19,540
up €19,540 (+337%), from €5,799 to €25,339
of which Trade receivables: +€23,039
- Tangible fixed assets -€13,403
down €13,403 (-27.2%), from €49,206 to €35,803
- Other debts -€289,856
down €289,856 (-62.7%), from €462,383 to €172,527
- Reserves -€142,009
no longer reported in 2026 (was €142,009)
- Debts after one year -€108,830
down €108,830 (-100.0%), from €108,839 to €9
of which Financial debts: -€108,799
- Current portion of long-term debt -€35,420
no longer reported in 2026 (was €35,420)
- Tax, wage and social debts +€13,746
up €13,746 (+73.4%), from €18,724 to €32,471
- Gross operating margin +€1.5m
up €1.5m (+943%), from €153,858 to €1.6m
- Financial income -€299,164
down €299,164 (-52.1%), from €573,924 to €274,760
- Taxes -€27,501
down €27,501 (-80.4%), from €34,201 to €6,700
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €767,553 | €205,689 | -€561,864 | -73.2% |
| Fixed assets | 21/28 | €640,775 | €35,803 | -€604,972 | -94.4% |
| Tangible fixed assets | 22/27 | €49,206 | €35,803 | -€13,403 | -27.2% |
| Furniture and vehicles | 24 | €49,206 | €35,803 | -€13,403 | -27.2% |
| Financial fixed assets | 28 | €591,569 | - | -€591,569 | |
| Current assets | 29/58 | €126,777 | €169,885 | +€43,108 | +34.0% |
| Amounts receivable within one year | 40/41 | €5,799 | €25,339 | +€19,540 | +337% |
| Trade receivables | 40 | - | €23,039 | +€23,039 | |
| Other amounts receivable | 41 | €5,799 | €2,300 | -€3,499 | -60.3% |
| Cash at bank and in hand | 54/58 | €119,109 | €142,969 | +€23,861 | +20.0% |
| Deferred charges and accrued income | 490/1 | €1,870 | €1,577 | -€293 | -15.6% |
| Total equity and liabilities | 10/49 | €767,553 | €205,689 | -€561,864 | -73.2% |
| Equity | 10/15 | €142,010 | €1 | -€142,009 | -100.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €142,009 | - | -€142,009 | |
| Distributable reserves | 133 | €142,009 | - | -€142,009 | |
| Amounts payable | 17/49 | €625,543 | €205,688 | -€419,856 | -67.1% |
| Amounts payable after more than one year | 17 | €108,839 | €9 | -€108,830 | -100.0% |
| Financial debts | 170/4 | €108,799 | - | -€108,799 | |
| Other amounts payable | 178/9 | €40 | €9 | -€32 | -78.4% |
| Amounts payable within one year | 42/48 | €516,704 | €205,679 | -€311,025 | -60.2% |
| Current portion of amounts payable after more than one year | 42 | €35,420 | - | -€35,420 | |
| Trade debts | 44 | €177 | €681 | +€504 | +285% |
| Suppliers | 440/4 | €177 | €681 | +€504 | +285% |
| Taxes, remuneration and social security | 45 | €18,724 | €32,471 | +€13,746 | +73.4% |
| Taxes | 450/3 | €18,724 | €32,471 | +€13,746 | +73.4% |
| Other amounts payable | 47/48 | €462,383 | €172,527 | -€289,856 | -62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,266 | €17,415 | +€1,149 | +7.1% |
| Other operating charges | 640/8 | €1,459 | €1,507 | +€47 | +3.3% |
| Non-recurring operating charges | 66A | €349 | €346 | -€2 | -0.7% |
| Gross operating margin | 9900 | €153,858 | €1,604,616 | +€1.5m | +943% |
| Operating profit (loss) | 9901 | €135,785 | €1,585,348 | +€1.4m | +1,068% |
| Financial income | 75/76B | €573,924 | €274,760 | -€299,164 | -52.1% |
| Recurring financial income | 75 | €573,924 | €274,760 | -€299,164 | -52.1% |
| Financial charges | 65/66B | €2,521 | €2,443 | -€78 | -3.1% |
| Recurring financial charges | 65 | €2,521 | €2,443 | -€78 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €707,187 | €1,857,665 | +€1.2m | +163% |
| Income taxes | 67/77 | €34,201 | €6,700 | -€27,501 | -80.4% |
| Profit (loss) for the period | 9904 | €672,986 | €1,850,965 | +€1.2m | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €672,986 | €1,850,965 | +€1.2m | +175% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.