D.M.V.: 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.V.
Largest movements
- Tangible fixed assets -€17,932
down €17,932 (-11.3%), from €158,663 to €140,731
of which Land and buildings: -€17,593
- Deferred charges and accrued income +€14,202
up €14,202 (+1253.6%), from €1,133 to €15,334
- Cash +€7,931
up €7,931 (+16.6%), from €47,895 to €55,825
mainly Net result for the year (+€23,120) and Depreciation (+€17,932)
- Profit (loss) carried forward +€23,120
up €23,120 (+16.9%), from -€136,454 to -€113,334
- Debts after one year -€18,088
down €18,088 (-61.5%), from €29,400 to €11,312
of which Other amounts payable: -€10,029
- Gross operating margin +€15,283
up €15,283 (+40.0%), from €38,252 to €53,535
- Depreciation +€645
up €645 (+3.7%), from €17,287 to €17,932
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 | €207,691 | €211,891 | +€4,201 | +2.0% |
| Fixed assets | 21/28 | €158,663 | €140,731 | -€17,932 | -11.3% |
| Tangible fixed assets | 22/27 | €158,663 | €140,731 | -€17,932 | -11.3% |
| Land and buildings | 22 | €158,324 | €140,731 | -€17,593 | -11.1% |
| Plant, machinery and equipment | 23 | €339 | €0 | -€339 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €49,028 | €71,160 | +€22,132 | +45.1% |
| Cash at bank and in hand | 54/58 | €47,895 | €55,825 | +€7,931 | +16.6% |
| Deferred charges and accrued income | 490/1 | €1,133 | €15,334 | +€14,202 | +1253.6% |
| Total equity and liabilities | 10/49 | €207,691 | €211,891 | +€4,201 | +2.0% |
| Equity | 10/15 | €168,951 | €192,071 | +€23,120 | +13.7% |
| Contributions | 10/11 | €302,430 | €302,430 | = | 0.0% |
| Capital | 10 | €302,430 | €302,430 | = | 0.0% |
| Issued capital | 100 | €302,430 | €302,430 | = | 0.0% |
| Reserves | 13 | €2,975 | €2,975 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,975 | €2,975 | = | 0.0% |
| Legal reserve | 130 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€136,454 | -€113,334 | +€23,120 | +16.9% |
| Amounts payable | 17/49 | €38,740 | €19,821 | -€18,919 | -48.8% |
| Amounts payable after more than one year | 17 | €29,400 | €11,312 | -€18,088 | -61.5% |
| Financial debts | 170/4 | €15,080 | €7,021 | -€8,059 | -53.4% |
| Other amounts payable | 178/9 | €14,320 | €4,291 | -€10,029 | -70.0% |
| Amounts payable within one year | 42/48 | €9,340 | €8,509 | -€831 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €7,677 | €8,059 | +€382 | +5.0% |
| Trade debts | 44 | €1,663 | €450 | -€1,213 | -72.9% |
| Suppliers | 440/4 | €1,663 | €450 | -€1,213 | -72.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,287 | €17,932 | +€645 | +3.7% |
| Other operating charges | 640/8 | €10,669 | €10,992 | +€322 | +3.0% |
| Gross operating margin | 9900 | €38,252 | €53,535 | +€15,283 | +40.0% |
| Operating profit (loss) | 9901 | €10,295 | €24,612 | +€14,316 | +139.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,860 | €1,492 | -€368 | -19.8% |
| Recurring financial charges | 65 | €1,860 | €1,492 | -€368 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €8,436 | €23,120 | +€14,684 | +174.1% |
| Profit (loss) for the period | 9904 | €8,436 | €23,120 | +€14,684 | +174.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,436 | €23,120 | +€14,684 | +174.1% |
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 5 October 2026 via checked.be.