D.M.V.S.: 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.S.
Largest movements
- Receivables within one year -€39,468
down €39,468 (-17.2%), from €229,057 to €189,589
of which Trade receivables: -€37,167
- Tangible fixed assets -€22,382
down €22,382 (-42.2%), from €53,050 to €30,668
of which Furniture and vehicles: -€21,946
- Trade debts -€39,030
down €39,030 (-27.7%), from €140,874 to €101,844
- Other debts +€29,325
up €29,325 (+58.0%), from €50,535 to €79,860
- Profit (loss) carried forward -€24,985
down €24,985, from €6,073 to -€18,913
- Current portion of long-term debt -€22,586
no longer reported in 2025 (was €22,586)
- Debts after one year -€6,213
no longer reported in 2025 (was €6,213)
- Other operating charges +€37,336
up €37,336 (+3,217%), from €1,161 to €38,496
- Gross operating margin +€23,459
up €23,459 (+1,146%), from €2,048 to €25,507
- Depreciation -€11,014
down €11,014 (-48.3%), from €22,795 to €11,782
- Financial charges +€10,857
up €10,857, from -€10,818 to €39
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 | €295,470 | €232,013 | -€63,457 | -21.5% |
| Fixed assets | 21/28 | €53,050 | €30,668 | -€22,382 | -42.2% |
| Tangible fixed assets | 22/27 | €53,050 | €30,668 | -€22,382 | -42.2% |
| Plant, machinery and equipment | 23 | €526 | €91 | -€436 | -82.8% |
| Furniture and vehicles | 24 | €52,523 | €30,577 | -€21,946 | -41.8% |
| Current assets | 29/58 | €242,420 | €201,345 | -€41,075 | -16.9% |
| Stocks and contracts in progress | 3 | €9,077 | €9,688 | +€611 | +6.7% |
| Stocks | 30/36 | €9,077 | €9,688 | +€611 | +6.7% |
| Amounts receivable within one year | 40/41 | €229,057 | €189,589 | -€39,468 | -17.2% |
| Trade receivables | 40 | €226,756 | €189,589 | -€37,167 | -16.4% |
| Other amounts receivable | 41 | €2,301 | - | -€2,301 | |
| Cash at bank and in hand | 54/58 | €4,128 | €2,069 | -€2,059 | -49.9% |
| Deferred charges and accrued income | 490/1 | €158 | - | -€158 | |
| Total equity and liabilities | 10/49 | €295,470 | €232,013 | -€63,457 | -21.5% |
| Equity | 10/15 | €26,533 | €1,547 | -€24,985 | -94.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,073 | -€18,913 | -€24,985 | |
| Amounts payable | 17/49 | €268,938 | €230,466 | -€38,471 | -14.3% |
| Amounts payable after more than one year | 17 | €6,213 | - | -€6,213 | |
| Financial debts | 170/4 | €6,213 | - | -€6,213 | |
| Amounts payable within one year | 42/48 | €262,725 | €230,466 | -€32,258 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €22,586 | - | -€22,586 | |
| Trade debts | 44 | €140,874 | €101,844 | -€39,030 | -27.7% |
| Suppliers | 440/4 | €140,874 | €101,844 | -€39,030 | -27.7% |
| Advances received on contracts in progress | 46 | €44,819 | €44,819 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,912 | €3,943 | +€31 | +0.8% |
| Taxes | 450/3 | €3,912 | €3,943 | +€31 | +0.8% |
| Other amounts payable | 47/48 | €50,535 | €79,860 | +€29,325 | +58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,795 | €11,782 | -€11,014 | -48.3% |
| Other operating charges | 640/8 | €1,161 | €38,496 | +€37,336 | +3,217% |
| Gross operating margin | 9900 | €2,048 | €25,507 | +€23,459 | +1,146% |
| Operating profit (loss) | 9901 | -€21,908 | -€24,771 | -€2,863 | -13.1% |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.8% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.8% |
| Financial charges | 65/66B | -€10,818 | €39 | +€10,857 | |
| Recurring financial charges | 65 | -€10,818 | €39 | +€10,857 | |
| Profit (loss) for the period before taxes | 9903 | -€11,077 | -€24,809 | -€13,732 | -124% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€11,251 | -€24,985 | -€13,734 | -122% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,251 | -€24,985 | -€13,734 | -122% |
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.