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
- Receivables within one year -€4,395
down €4,395 (-95.0%), from €4,626 to €231
- Tangible fixed assets -€4,392
down €4,392 (-3.0%), from €148,138 to €143,746
of which Land and buildings: -€4,089
- Cash -€2,132
down €2,132 (-37.7%), from €5,658 to €3,526
mainly Other debts (-€42,253) and Trade debts (-€877)
- Other debts -€42,253
down €42,253 (-58.2%), from €72,629 to €30,376
- Profit (loss) carried forward +€13,393
new in 2025: €13,393
- Reserves +€12,982
up €12,982 (+35.1%), from €37,018 to €50,000
- Tax, wage and social debts +€5,376
up €5,376, from €0 to €5,376
- Depreciation -€31,505
down €31,505 (-87.8%), from €35,897 to €4,392
- Taxes +€8,851
up €8,851 (+550.8%), from €1,607 to €10,458
- Gross operating margin +€1,969
up €1,969 (+4.2%), from €46,787 to €48,756
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 | €161,435 | €150,696 | -€10,739 | -6.7% |
| Fixed assets | 21/28 | €148,138 | €143,746 | -€4,392 | -3.0% |
| Tangible fixed assets | 22/27 | €148,138 | €143,746 | -€4,392 | -3.0% |
| Land and buildings | 22 | €147,230 | €143,141 | -€4,089 | -2.8% |
| Plant, machinery and equipment | 23 | €908 | €605 | -€303 | -33.4% |
| Current assets | 29/58 | €13,297 | €6,950 | -€6,347 | -47.7% |
| Amounts receivable within one year | 40/41 | €4,626 | €231 | -€4,395 | -95.0% |
| Other amounts receivable | 41 | €4,626 | €231 | -€4,395 | -95.0% |
| Cash at bank and in hand | 54/58 | €5,658 | €3,526 | -€2,132 | -37.7% |
| Deferred charges and accrued income | 490/1 | €3,013 | €3,193 | +€180 | +6.0% |
| Total equity and liabilities | 10/49 | €161,435 | €150,696 | -€10,739 | -6.7% |
| Equity | 10/15 | €87,018 | €113,393 | +€26,375 | +30.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | - | -€50,000 | |
| Issued capital | 100 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €37,018 | €50,000 | +€12,982 | +35.1% |
| Distributable reserves | 133 | €37,018 | €50,000 | +€12,982 | +35.1% |
| Profit (loss) carried forward | 14 | - | €13,393 | +€13,393 | |
| Amounts payable | 17/49 | €74,417 | €37,303 | -€37,114 | -49.9% |
| Amounts payable within one year | 42/48 | €73,706 | €35,952 | -€37,754 | -51.2% |
| Trade debts | 44 | €1,077 | €200 | -€877 | -81.4% |
| Suppliers | 440/4 | €1,077 | €200 | -€877 | -81.4% |
| Taxes, remuneration and social security | 45 | €0 | €5,376 | +€5,376 | |
| Taxes | 450/3 | €0 | €5,376 | +€5,376 | |
| Other amounts payable | 47/48 | €72,629 | €30,376 | -€42,253 | -58.2% |
| Accrued charges and deferred income | 492/3 | €711 | €1,351 | +€640 | +90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,897 | €4,392 | -€31,505 | -87.8% |
| Other operating charges | 640/8 | €7,556 | €7,378 | -€178 | -2.4% |
| Gross operating margin | 9900 | €46,787 | €48,756 | +€1,969 | +4.2% |
| Operating profit (loss) | 9901 | €3,334 | €36,986 | +€33,652 | +1009.4% |
| Financial charges | 65/66B | €135 | €154 | +€19 | +14.1% |
| Recurring financial charges | 65 | €135 | €154 | +€19 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €3,199 | €36,832 | +€33,633 | +1051.4% |
| Income taxes | 67/77 | €1,607 | €10,458 | +€8,851 | +550.8% |
| Profit (loss) for the period | 9904 | €1,592 | €26,374 | +€24,782 | +1556.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,592 | €26,374 | +€24,782 | +1556.7% |
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 12 October 2026 via checked.be.