D.M.J.: 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.
What changed
D.M.J.
NACE 81.100, Combined facilities support activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€12,050
2024 · €244,926-€256,976
Equity
€1.3m
2024 · €1.3m-€12,050
Cash
€248,155
2024 · €241,280+€6,875
Balance sheet total
€2.0m
2024 · €2.0m-€63,254
Largest movements
Assets
- Tangible fixed assets -€69,709
down €69,709 (-4.0%), from €1.8m to €1.7m
of which Land and buildings: -€69,709
Equity and liabilities
- Current portion of long-term debt -€32,164
down €32,164 (-49.8%), from €64,556 to €32,391
- Debts after one year -€23,938
down €23,938 (-7.0%), from €343,564 to €319,626
- Reserves -€20,419
down €20,419 (-3.4%), from €605,953 to €585,535
of which Tax-exempt reserves: -€20,419
Income statement
- Gross operating margin -€379,859
down €379,859 (-87.4%), from €434,836 to €54,977
- Other operating charges -€14,525
down €14,525 (-47.8%), from €30,357 to €15,832
- Depreciation +€4,676
up €4,676 (+9.3%), from €50,371 to €55,047
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.
Result 2024
€244,926
Gross operating margin
-€379,859
Depreciation
-€4,676
Other operating charges
+€14,525
Other operating items
+€26,353
Financial charges
-€259
Deferred taxes and other
+€86,941
Result 2025
-€12,050
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€48,315
Investment
+€14,662
Financing
-€56,102
Cash 2024
€241,280
From operations (derived)
+€48,315
Net result for the year
-€12,050
Depreciation
+€55,047
Receivables within one year
+€420
Provisions
-€6,806
Trade debts
+€12,152
Tax, wage and social debts
-€248
Other debts
-€200
Investment (derived)
+€14,662
Investment in fixed assets (net)
+€14,662
Financing
-€56,102
Debts after one year
-€23,938
Current portion of long-term debt
-€32,164
Cash 2025
€248,155
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,031,796 | €1,968,543 | -€63,254 | -3.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,763,242 | €1,693,532 | -€69,709 | -4.0% |
| Tangible fixed assets | 22/27 | €1,763,242 | €1,693,532 | -€69,709 | -4.0% |
| Land and buildings | 22 | €1,763,242 | €1,693,532 | -€69,709 | -4.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €268,555 | €275,011 | +€6,456 | +2.4% |
| Amounts receivable within one year | 40/41 | €24,417 | €23,998 | -€420 | -1.7% |
| Trade receivables | 40 | €20,105 | €19,521 | -€585 | -2.9% |
| Other amounts receivable | 41 | €4,312 | €4,477 | +€165 | +3.8% |
| Cash at bank and in hand | 54/58 | €241,280 | €248,155 | +€6,875 | +2.8% |
| Deferred charges and accrued income | 490/1 | €2,858 | €2,858 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,031,796 | €1,968,543 | -€63,254 | -3.1% |
| Equity | 10/15 | €1,311,781 | €1,299,732 | -€12,050 | -0.9% |
| Contributions | 10/11 | €615,000 | €615,000 | = | 0.0% |
| Capital | 10 | €615,000 | €615,000 | = | 0.0% |
| Issued capital | 100 | €615,000 | €615,000 | = | 0.0% |
| Reserves | 13 | €605,953 | €585,535 | -€20,419 | -3.4% |
| Non-distributable reserves | 130/1 | €61,500 | €61,500 | = | 0.0% |
| Legal reserve | 130 | €61,500 | €61,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €542,453 | €522,035 | -€20,419 | -3.8% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,828 | €99,197 | +€8,369 | +9.2% |
| Provisions and deferred taxes | 16 | €154,722 | €147,916 | -€6,806 | -4.4% |
| Deferred taxes | 168 | €154,722 | €147,916 | -€6,806 | -4.4% |
| Amounts payable | 17/49 | €565,293 | €520,895 | -€44,398 | -7.9% |
| Amounts payable after more than one year | 17 | €343,564 | €319,626 | -€23,938 | -7.0% |
| Financial debts | 170/4 | €343,564 | €319,626 | -€23,938 | -7.0% |
| Amounts payable within one year | 42/48 | €221,729 | €201,269 | -€20,460 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €64,556 | €32,391 | -€32,164 | -49.8% |
| Trade debts | 44 | €56,174 | €68,325 | +€12,152 | +21.6% |
| Suppliers | 440/4 | €56,174 | €68,325 | +€12,152 | +21.6% |
| Taxes, remuneration and social security | 45 | €2,800 | €2,553 | -€248 | -8.8% |
| Taxes | 450/3 | - | €0 | = | |
| Remuneration and social security | 454/9 | €2,800 | €2,553 | -€248 | -8.8% |
| Other amounts payable | 47/48 | €98,200 | €98,000 | -€200 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,371 | €55,047 | +€4,676 | +9.3% |
| Other operating charges | 640/8 | €30,357 | €15,832 | -€14,525 | -47.8% |
| Non-recurring operating charges | 66A | €26,353 | - | -€26,353 | |
| Gross operating margin | 9900 | €434,836 | €54,977 | -€379,859 | -87.4% |
| Operating profit (loss) | 9901 | €327,755 | -€15,903 | -€343,658 | |
| Financial charges | 65/66B | €2,695 | €2,953 | +€259 | +9.6% |
| Recurring financial charges | 65 | €2,695 | €2,953 | +€259 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €325,060 | -€18,856 | -€343,916 | |
| Transfer from deferred taxes | 780 | €6,806 | €6,806 | = | 0.0% |
| Transfer to deferred taxes | 680 | €86,941 | - | -€86,941 | |
| Profit (loss) for the period | 9904 | €244,926 | -€12,050 | -€256,976 | |
| Transfer from tax-exempt reserves | 789 | €20,419 | €20,419 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €260,822 | - | -€260,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,523 | €8,369 | +€3,846 | +85.0% |
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 19 October 2026 via checked.be.