D.P.M.: 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.P.M.
Largest movements
- Current investments -€794,884
down €794,884 (-20.4%), from €3.9m to €3.1m
- Cash +€125,837
up €125,837 (+52.6%), from €239,355 to €365,192
mainly Current investments (+€794,884) and Net result for the year (+€646,496)
- Receivables within one year +€74,373
up €74,373 (+103%), from €71,934 to €146,307
of which Trade receivables: +€65,962
- Tangible fixed assets -€55,703
down €55,703 (-27.4%), from €202,961 to €147,258
of which Plant, machinery and equipment: -€45,966
- Contributions -€925,000
down €925,000 (-92.5%), from €1.0m to €75,000
- Reserves +€229,144
up €229,144 (+6.9%), from €3.3m to €3.6m
- Financial charges +€140,701
up €140,701, from -€114,419 to €26,282
- Financial income +€127,013
up €127,013 (+513%), from €24,752 to €151,765
- Gross operating margin +€115,515
up €115,515 (+9.5%), from €1.2m to €1.3m
- Staff costs +€85,768
up €85,768 (+23.8%), from €360,727 to €446,495
- Taxes +€28,290
up €28,290 (+11.1%), from €254,196 to €282,486
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 | €4,431,864 | €3,784,408 | -€647,455 | -14.6% |
| Fixed assets | 21/28 | €210,881 | €154,573 | -€56,308 | -26.7% |
| Tangible fixed assets | 22/27 | €202,961 | €147,258 | -€55,703 | -27.4% |
| Plant, machinery and equipment | 23 | €130,881 | €84,915 | -€45,966 | -35.1% |
| Furniture and vehicles | 24 | €61,687 | €57,318 | -€4,369 | -7.1% |
| Leasing and similar rights | 25 | €10,393 | €5,025 | -€5,368 | -51.7% |
| Financial fixed assets | 28 | €7,920 | €7,315 | -€605 | -7.6% |
| Current assets | 29/58 | €4,220,982 | €3,629,836 | -€591,147 | -14.0% |
| Stocks and contracts in progress | 3 | €12,047 | €14,305 | +€2,258 | +18.7% |
| Stocks | 30/36 | €12,047 | €14,305 | +€2,258 | +18.7% |
| Amounts receivable within one year | 40/41 | €71,934 | €146,307 | +€74,373 | +103% |
| Trade receivables | 40 | €58,414 | €124,376 | +€65,962 | +113% |
| Other amounts receivable | 41 | €13,520 | €21,931 | +€8,411 | +62.2% |
| Current investments | 50/53 | €3,890,544 | €3,095,660 | -€794,884 | -20.4% |
| Cash at bank and in hand | 54/58 | €239,355 | €365,192 | +€125,837 | +52.6% |
| Deferred charges and accrued income | 490/1 | €7,102 | €8,372 | +€1,269 | +17.9% |
| Total equity and liabilities | 10/49 | €4,431,864 | €3,784,408 | -€647,455 | -14.6% |
| Equity | 10/15 | €4,337,905 | €3,642,049 | -€695,856 | -16.0% |
| Contributions | 10/11 | €1,000,000 | €75,000 | -€925,000 | -92.5% |
| Reserves | 13 | €3,337,905 | €3,567,049 | +€229,144 | +6.9% |
| Distributable reserves | 133 | €3,337,905 | €3,567,049 | +€229,144 | +6.9% |
| Amounts payable | 17/49 | €93,959 | €142,360 | +€48,401 | +51.5% |
| Amounts payable after more than one year | 17 | €5,520 | €270 | -€5,250 | -95.1% |
| Financial debts | 170/4 | €5,520 | €270 | -€5,250 | -95.1% |
| Amounts payable within one year | 42/48 | €81,817 | €142,089 | +€60,273 | +73.7% |
| Current portion of amounts payable after more than one year | 42 | €5,144 | €5,250 | +€106 | +2.1% |
| Trade debts | 44 | €20,440 | €32,743 | +€12,303 | +60.2% |
| Suppliers | 440/4 | €20,440 | €32,743 | +€12,303 | +60.2% |
| Taxes, remuneration and social security | 45 | €41,376 | €56,883 | +€15,508 | +37.5% |
| Taxes | 450/3 | €7,270 | €13,483 | +€6,212 | +85.4% |
| Remuneration and social security | 454/9 | €34,105 | €43,401 | +€9,296 | +27.3% |
| Other amounts payable | 47/48 | €14,857 | €47,213 | +€32,356 | +218% |
| Accrued charges and deferred income | 492/3 | €6,622 | - | -€6,622 | |
| Remuneration, social security and pensions | 62 | €360,727 | €446,495 | +€85,768 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,831 | €83,249 | -€15,582 | -15.8% |
| Other operating charges | 640/8 | €2,607 | €3,269 | +€662 | +25.4% |
| Gross operating margin | 9900 | €1,220,996 | €1,336,511 | +€115,515 | +9.5% |
| Operating profit (loss) | 9901 | €758,831 | €803,498 | +€44,667 | +5.9% |
| Financial income | 75/76B | €24,752 | €151,765 | +€127,013 | +513% |
| Recurring financial income | 75 | €24,752 | €151,765 | +€127,013 | +513% |
| Financial charges | 65/66B | -€114,419 | €26,282 | +€140,701 | |
| Recurring financial charges | 65 | -€114,419 | €26,282 | +€140,701 | |
| Profit (loss) for the period before taxes | 9903 | €898,003 | €928,982 | +€30,979 | +3.4% |
| Income taxes | 67/77 | €254,196 | €282,486 | +€28,290 | +11.1% |
| Profit (loss) for the period | 9904 | €643,807 | €646,496 | +€2,689 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €643,807 | €646,496 | +€2,689 | +0.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.