D.M.V. MANAGEMENT: 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. MANAGEMENT
Largest movements
- Receivables within one year +€224,228
up €224,228 (+230%), from €97,473 to €321,701
of which Other amounts receivable: +€204,914
- Cash -€108,947
down €108,947 (-77.0%), from €141,551 to €32,604
mainly Receivables within one year (-€224,228) and Contributions, distributions and other (-€84,586)
- Debts after one year +€82,079
up €82,079 (+34.4%), from €238,280 to €320,358
of which Financial debts: +€82,079
- Current portion of long-term debt +€32,493
up €32,493 (+93.2%), from €34,876 to €67,370
- Depreciation +€12,204
up €12,204 (+29.8%), from €40,922 to €53,126
- Gross operating margin -€11,133
down €11,133 (-5.0%), from €220,556 to €209,423
- Other operating charges -€6,700
down €6,700 (-65.5%), from €10,224 to €3,524
- Taxes -€6,469
down €6,469 (-16.4%), from €39,361 to €32,892
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 | €1,105,587 | €1,225,054 | +€119,467 | +10.8% |
| Fixed assets | 21/28 | €813,752 | €817,144 | +€3,392 | +0.4% |
| Tangible fixed assets | 22/27 | €376,752 | €380,144 | +€3,392 | +0.9% |
| Land and buildings | 22 | €291,459 | €268,843 | -€22,616 | -7.8% |
| Plant, machinery and equipment | 23 | €2,147 | €796 | -€1,351 | -62.9% |
| Furniture and vehicles | 24 | €57,110 | €104,749 | +€47,639 | +83.4% |
| Other tangible fixed assets | 26 | €26,037 | €5,756 | -€20,281 | -77.9% |
| Financial fixed assets | 28 | €437,000 | €437,000 | = | 0.0% |
| Current assets | 29/58 | €291,835 | €407,909 | +€116,074 | +39.8% |
| Amounts receivable within one year | 40/41 | €97,473 | €321,701 | +€224,228 | +230% |
| Trade receivables | 40 | €2,642 | €21,956 | +€19,314 | +731% |
| Other amounts receivable | 41 | €94,831 | €299,745 | +€204,914 | +216% |
| Current investments | 50/53 | €52,503 | €52,909 | +€406 | +0.8% |
| Cash at bank and in hand | 54/58 | €141,551 | €32,604 | -€108,947 | -77.0% |
| Deferred charges and accrued income | 490/1 | €308 | €696 | +€387 | +126% |
| Total equity and liabilities | 10/49 | €1,105,587 | €1,225,054 | +€119,467 | +10.8% |
| Equity | 10/15 | €807,031 | €799,445 | -€7,586 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €788,431 | €780,845 | -€7,586 | -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% |
| Distributable reserves | 133 | €786,571 | €778,985 | -€7,586 | -1.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €298,556 | €425,609 | +€127,053 | +42.6% |
| Amounts payable after more than one year | 17 | €238,280 | €320,358 | +€82,079 | +34.4% |
| Financial debts | 170/4 | €237,580 | €319,658 | +€82,079 | +34.5% |
| Other amounts payable | 178/9 | €700 | €700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €60,276 | €105,250 | +€44,974 | +74.6% |
| Current portion of amounts payable after more than one year | 42 | €34,876 | €67,370 | +€32,493 | +93.2% |
| Trade debts | 44 | €5,289 | €13,378 | +€8,089 | +153% |
| Suppliers | 440/4 | €5,289 | €13,378 | +€8,089 | +153% |
| Taxes, remuneration and social security | 45 | €18,445 | €22,837 | +€4,392 | +23.8% |
| Taxes | 450/3 | €15,432 | €18,824 | +€3,392 | +22.0% |
| Remuneration and social security | 454/9 | €3,013 | €4,013 | +€1,000 | +33.2% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €31,988 | €33,472 | +€1,484 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,922 | €53,126 | +€12,204 | +29.8% |
| Other operating charges | 640/8 | €10,224 | €3,524 | -€6,700 | -65.5% |
| Gross operating margin | 9900 | €220,556 | €209,423 | -€11,133 | -5.0% |
| Operating profit (loss) | 9901 | €137,422 | €119,302 | -€18,120 | -13.2% |
| Financial income | 75/76B | €1,279 | €1,339 | +€60 | +4.7% |
| Recurring financial income | 75 | €1,279 | €1,339 | +€60 | +4.7% |
| Financial charges | 65/66B | €9,170 | €10,749 | +€1,579 | +17.2% |
| Recurring financial charges | 65 | €9,170 | €10,749 | +€1,579 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €129,530 | €109,892 | -€19,639 | -15.2% |
| Income taxes | 67/77 | €39,361 | €32,892 | -€6,469 | -16.4% |
| Profit (loss) for the period | 9904 | €90,169 | €77,000 | -€13,169 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €90,169 | €77,000 | -€13,169 | -14.6% |
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 29 October 2026 via checked.be.