D.M.K.: 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.K.
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€67,325
2024 · -€66,703+€134,028
Equity
€226,589
2024 · €159,264+€67,325
Cash
€24,526
2024 · €43,786-€19,260
Balance sheet total
€6.1m
2024 · €6.0m+€43,351
Largest movements
Assets
- Current investments +€136,113
up €136,113 (+4.9%), from €2.8m to €2.9m
Equity and liabilities
- Profit (loss) carried forward +€67,325
up €67,325 (+137%), from €49,264 to €116,589
Income statement
- Financial income +€170,235
up €170,235 (+84.0%), from €202,726 to €372,961
- Financial charges -€117,158
down €117,158 (-42.9%), from €273,025 to €155,867
- Gross operating margin -€36,192
down €36,192 (-98.3%), from €36,810 to €618
- Taxes +€25,572
up €25,572 (+23,678%), from €108 to €25,680
- Depreciation +€1,577
up €1,577 (+7.2%), from €22,051 to €23,628
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
-€66,703
Gross operating margin
-€36,192
Depreciation
-€1,577
Other operating charges
+€524
Other operating items
-€90,548
Financial income
+€170,235
Financial charges
+€117,158
Taxes
-€25,572
Result 2025
€67,325
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
+€128,810
Investment
-€140,409
Financing
-€7,661
Cash 2024
€43,786
From operations (derived)
+€128,810
Net result for the year
+€67,325
Depreciation
+€23,628
Receivables within one year
+€22,353
Deferred charges and accrued income
+€31,817
Trade debts
-€4,818
Tax, wage and social debts
+€2,587
Other debts
+€2,407
Accrued charges and deferred income
-€16,489
Investment (derived)
-€140,409
Investment in fixed assets (net)
-€4,296
Current investments
-€136,113
Financing
-€7,661
Debts after one year
-€1
Short-term financial debts
-€7,660
Cash 2025
€24,526
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,009,446 | €6,052,797 | +€43,351 | +0.7% |
| Fixed assets | 21/28 | €2,989,743 | €2,970,411 | -€19,332 | -0.6% |
| Tangible fixed assets | 22/27 | €489,743 | €470,411 | -€19,332 | -3.9% |
| Land and buildings | 22 | €331,682 | €313,462 | -€18,220 | -5.5% |
| Plant, machinery and equipment | 23 | €158,061 | €156,949 | -€1,112 | -0.7% |
| Financial fixed assets | 28 | €2,500,000 | €2,500,000 | = | 0.0% |
| Current assets | 29/58 | €3,019,703 | €3,082,386 | +€62,683 | +2.1% |
| Amounts receivable within one year | 40/41 | €42,371 | €20,018 | -€22,353 | -52.8% |
| Trade receivables | 40 | - | €1,115 | +€1,115 | |
| Other amounts receivable | 41 | €42,371 | €18,903 | -€23,468 | -55.4% |
| Current investments | 50/53 | €2,761,820 | €2,897,933 | +€136,113 | +4.9% |
| Cash at bank and in hand | 54/58 | €43,786 | €24,526 | -€19,260 | -44.0% |
| Deferred charges and accrued income | 490/1 | €171,726 | €139,909 | -€31,817 | -18.5% |
| Total equity and liabilities | 10/49 | €6,009,446 | €6,052,797 | +€43,351 | +0.7% |
| Equity | 10/15 | €159,264 | €226,589 | +€67,325 | +42.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,264 | €116,589 | +€67,325 | +137% |
| Amounts payable | 17/49 | €5,850,182 | €5,826,208 | -€23,974 | -0.4% |
| Amounts payable after more than one year | 17 | €2,505,206 | €2,505,205 | -€1 | 0.0% |
| Financial debts | 170/4 | €2,500,000 | €2,500,000 | = | 0.0% |
| Other amounts payable | 178/9 | €5,206 | €5,205 | -€1 | 0.0% |
| Amounts payable within one year | 42/48 | €2,841,789 | €2,834,305 | -€7,484 | -0.3% |
| Financial debts | 43 | €2,530,591 | €2,522,931 | -€7,660 | -0.3% |
| Credit institutions | 430/8 | €2,530,591 | €2,522,931 | -€7,660 | -0.3% |
| Trade debts | 44 | €5,452 | €634 | -€4,818 | -88.4% |
| Suppliers | 440/4 | €5,452 | €634 | -€4,818 | -88.4% |
| Taxes, remuneration and social security | 45 | €776 | €3,363 | +€2,587 | +333% |
| Taxes | 450/3 | €776 | €3,363 | +€2,587 | +333% |
| Other amounts payable | 47/48 | €304,970 | €307,377 | +€2,407 | +0.8% |
| Accrued charges and deferred income | 492/3 | €503,187 | €486,698 | -€16,489 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,051 | €23,628 | +€1,577 | +7.2% |
| Other operating charges | 640/8 | €11,055 | €10,531 | -€524 | -4.7% |
| Non-recurring operating charges | 66A | - | €90,548 | +€90,548 | |
| Gross operating margin | 9900 | €36,810 | €618 | -€36,192 | -98.3% |
| Operating profit (loss) | 9901 | €3,704 | -€124,089 | -€127,793 | |
| Financial income | 75/76B | €202,726 | €372,961 | +€170,235 | +84.0% |
| Recurring financial income | 75 | €202,726 | €372,961 | +€170,235 | +84.0% |
| Financial charges | 65/66B | €273,025 | €155,867 | -€117,158 | -42.9% |
| Recurring financial charges | 65 | €273,025 | €155,867 | -€117,158 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | -€66,595 | €93,005 | +€159,600 | |
| Income taxes | 67/77 | €108 | €25,680 | +€25,572 | +23,678% |
| Profit (loss) for the period | 9904 | -€66,703 | €67,325 | +€134,028 | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,703 | €67,325 | +€134,028 |
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 27 October 2026 via checked.be.