D.P.M.: what changed
D.P.M.
Largest movements
- Receivables within one year +€38,510
up €38,510 (+21.8%), from €176,672 to €215,183
of which Trade receivables: +€26,033
- Stocks and contracts -€10,103
down €10,103 (-43.7%), from €23,095 to €12,992
- Deferred charges and accrued income -€3,985
down €3,985 (-98.4%), from €4,052 to €67
- Current portion of long-term debt -€64,590
down €64,590 (-77.1%), from €83,743 to €19,153
- Reserves +€35,000
up €35,000 (+27.8%), from €125,860 to €160,860
of which Distributable reserves: +€35,000
- Trade debts +€20,123
up €20,123 (+31.7%), from €63,439 to €83,562
- Tax, wage and social debts +€19,645
up €19,645 (+370%), from €5,317 to €24,961
of which Remuneration and social security: +€18,253
- Debts after one year +€8,624
up €8,624 (+35.8%), from €24,065 to €32,689
- Gross operating margin +€22,233
up €22,233 (+12.6%), from €176,937 to €199,170
- Staff costs -€16,378
down €16,378 (-10.7%), from €153,051 to €136,674
- Taxes +€6,026
up €6,026 (+2,032%), from €297 to €6,323
- Financial charges -€3,275
down €3,275 (-35.8%), from €9,140 to €5,865
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €314,507 | €335,770 | +€21,262 | +6.8% |
| Fixed assets | 21/28 | €107,901 | €107,503 | -€398 | -0.4% |
| Tangible fixed assets | 22/27 | €107,901 | €107,503 | -€398 | -0.4% |
| Land and buildings | 22 | €62,919 | €58,735 | -€4,184 | -6.6% |
| Plant, machinery and equipment | 23 | €16,906 | €21,678 | +€4,772 | +28.2% |
| Furniture and vehicles | 24 | €3,577 | €3,146 | -€431 | -12.0% |
| Other tangible fixed assets | 26 | €24,499 | €23,943 | -€556 | -2.3% |
| Current assets | 29/58 | €206,607 | €228,267 | +€21,661 | +10.5% |
| Stocks and contracts in progress | 3 | €23,095 | €12,992 | -€10,103 | -43.7% |
| Stocks | 30/36 | €23,095 | €12,992 | -€10,103 | -43.7% |
| Amounts receivable within one year | 40/41 | €176,672 | €215,183 | +€38,510 | +21.8% |
| Trade receivables | 40 | €154,236 | €180,269 | +€26,033 | +16.9% |
| Other amounts receivable | 41 | €22,436 | €34,913 | +€12,477 | +55.6% |
| Cash at bank and in hand | 54/58 | €2,787 | €26 | -€2,761 | -99.1% |
| Deferred charges and accrued income | 490/1 | €4,052 | €67 | -€3,985 | -98.4% |
| Total equity and liabilities | 10/49 | €314,507 | €335,770 | +€21,262 | +6.8% |
| Equity | 10/15 | €137,943 | €175,404 | +€37,461 | +27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,860 | €160,860 | +€35,000 | +27.8% |
| 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 | €124,000 | €159,000 | +€35,000 | +28.2% |
| Profit (loss) carried forward | 14 | -€6,517 | -€4,056 | +€2,461 | +37.8% |
| Amounts payable | 17/49 | €176,564 | €160,365 | -€16,198 | -9.2% |
| Amounts payable after more than one year | 17 | €24,065 | €32,689 | +€8,624 | +35.8% |
| Financial debts | 170/4 | €24,065 | €32,689 | +€8,624 | +35.8% |
| Amounts payable within one year | 42/48 | €152,499 | €127,676 | -€24,823 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €83,743 | €19,153 | -€64,590 | -77.1% |
| Trade debts | 44 | €63,439 | €83,562 | +€20,123 | +31.7% |
| Suppliers | 440/4 | €63,439 | €83,562 | +€20,123 | +31.7% |
| Taxes, remuneration and social security | 45 | €5,317 | €24,961 | +€19,645 | +370% |
| Taxes | 450/3 | €5,317 | €6,709 | +€1,392 | +26.2% |
| Remuneration and social security | 454/9 | - | €18,253 | +€18,253 | |
| Remuneration, social security and pensions | 62 | €153,051 | €136,674 | -€16,378 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,981 | €9,490 | -€491 | -4.9% |
| Other operating charges | 640/8 | €2,419 | €3,415 | +€996 | +41.2% |
| Gross operating margin | 9900 | €176,937 | €199,170 | +€22,233 | +12.6% |
| Operating profit (loss) | 9901 | €11,485 | €49,591 | +€38,106 | +332% |
| Financial income | 75/76B | €8 | €57 | +€49 | +619% |
| Recurring financial income | 75 | €8 | €57 | +€49 | +619% |
| Financial charges | 65/66B | €9,140 | €5,865 | -€3,275 | -35.8% |
| Recurring financial charges | 65 | €9,140 | €5,865 | -€3,275 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €2,353 | €43,783 | +€41,430 | +1,760% |
| Income taxes | 67/77 | €297 | €6,323 | +€6,026 | +2,032% |
| Profit (loss) for the period | 9904 | €2,057 | €37,461 | +€35,404 | +1,721% |
| Profit (loss) for the period to be appropriated | 9905 | €2,057 | €37,461 | +€35,404 | +1,721% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.