D.M.V.: 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.V.
Largest movements
- Cash +€38,676
up €38,676 (+12.6%), from €308,014 to €346,690
mainly Net result for the year (+€527,790) and Other debts (+€84,182)
- Tangible fixed assets -€35,811
down €35,811 (-3.6%), from €987,596 to €951,785
of which Land and buildings: -€41,546
- Debts after one year -€122,815
down €122,815 (-21.0%), from €583,611 to €460,795
- Other debts +€84,182
up €84,182 (+19.0%), from €443,881 to €528,062
- Trade debts +€19,901
up €19,901 (+1,814%), from €1,097 to €20,998
- Current portion of long-term debt +€17,417
up €17,417 (+11.5%), from €150,856 to €168,273
- Taxes +€30,548
up €30,548 (+21.2%), from €144,024 to €174,573
- Gross operating margin +€22,065
up €22,065 (+2.8%), from €776,338 to €798,403
- Other operating charges -€18,228
down €18,228 (-48.7%), from €37,418 to €19,190
- Depreciation -€8,153
down €8,153 (-11.9%), from €68,383 to €60,231
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,299,984 | €1,301,252 | +€1,269 | +0.1% |
| Fixed assets | 21/28 | €987,596 | €951,785 | -€35,811 | -3.6% |
| Tangible fixed assets | 22/27 | €987,596 | €951,785 | -€35,811 | -3.6% |
| Land and buildings | 22 | €857,491 | €815,946 | -€41,546 | -4.8% |
| Plant, machinery and equipment | 23 | €90,628 | €96,543 | +€5,916 | +6.5% |
| Furniture and vehicles | 24 | €16,837 | €0 | -€16,837 | -100% |
| Other tangible fixed assets | 26 | €22,640 | €18,308 | -€4,332 | -19.1% |
| Assets under construction and advance payments | 27 | - | €20,988 | +€20,988 | |
| Current assets | 29/58 | €312,388 | €349,467 | +€37,079 | +11.9% |
| Amounts receivable within one year | 40/41 | €2,734 | €0 | -€2,734 | -100% |
| Trade receivables | 40 | €141 | €0 | -€141 | -100% |
| Other amounts receivable | 41 | €2,593 | €0 | -€2,593 | -100% |
| Cash at bank and in hand | 54/58 | €308,014 | €346,690 | +€38,676 | +12.6% |
| Deferred charges and accrued income | 490/1 | €1,640 | €2,777 | +€1,137 | +69.4% |
| Total equity and liabilities | 10/49 | €1,299,984 | €1,301,252 | +€1,269 | +0.1% |
| Equity | 10/15 | €71,775 | €71,565 | -€210 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,175 | €52,665 | -€510 | -1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,315 | €50,805 | -€510 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | €300 | +€300 | |
| Provisions and deferred taxes | 16 | €17,105 | €16,935 | -€170 | -1.0% |
| Deferred taxes | 168 | €17,105 | €16,935 | -€170 | -1.0% |
| Amounts payable | 17/49 | €1,211,103 | €1,212,752 | +€1,649 | +0.1% |
| Amounts payable after more than one year | 17 | €583,611 | €460,795 | -€122,815 | -21.0% |
| Financial debts | 170/4 | €583,611 | €460,795 | -€122,815 | -21.0% |
| Amounts payable within one year | 42/48 | €627,493 | €751,956 | +€124,464 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €150,856 | €168,273 | +€17,417 | +11.5% |
| Trade debts | 44 | €1,097 | €20,998 | +€19,901 | +1,814% |
| Suppliers | 440/4 | €1,097 | €20,998 | +€19,901 | +1,814% |
| Taxes, remuneration and social security | 45 | €31,659 | €34,623 | +€2,964 | +9.4% |
| Taxes | 450/3 | €26,659 | €34,623 | +€7,964 | +29.9% |
| Remuneration and social security | 454/9 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts payable | 47/48 | €443,881 | €528,062 | +€84,182 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,383 | €60,231 | -€8,153 | -11.9% |
| Other operating charges | 640/8 | €37,418 | €19,190 | -€18,228 | -48.7% |
| Gross operating margin | 9900 | €776,338 | €798,403 | +€22,065 | +2.8% |
| Operating profit (loss) | 9901 | €670,537 | €718,983 | +€48,445 | +7.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €14,242 | €16,790 | +€2,548 | +17.9% |
| Recurring financial charges | 65 | €14,242 | €16,790 | +€2,548 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €656,295 | €702,193 | +€45,897 | +7.0% |
| Transfer from deferred taxes | 780 | - | €170 | +€170 | |
| Transfer to deferred taxes | 680 | €17,105 | €0 | -€17,105 | -100% |
| Income taxes | 67/77 | €144,024 | €174,573 | +€30,548 | +21.2% |
| Profit (loss) for the period | 9904 | €495,166 | €527,790 | +€32,624 | +6.6% |
| Transfer from tax-exempt reserves | 789 | - | €510 | +€510 | |
| Transfer to tax-exempt reserves | 689 | €51,315 | €0 | -€51,315 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €443,850 | €528,300 | +€84,450 | +19.0% |
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 20 October 2026 via checked.be.