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 +€25,535
up €25,535 (+6,916%), from €369 to €25,904
of which Other amounts receivable: +€13,343
- Cash -€15,970
down €15,970 (-9.4%), from €169,644 to €153,674
mainly Contributions, distributions and other (-€71,960) and Receivables within one year (-€25,535)
- Deferred charges and accrued income -€4,466
down €4,466 (-41.9%), from €10,666 to €6,200
- Other debts +€72,594
up €72,594 (+2,474%), from €2,934 to €75,528
- Reserves -€70,947
down €70,947 (-39.9%), from €177,956 to €107,009
- Trade debts +€9,102
up €9,102 (+639%), from €1,424 to €10,526
- Tax, wage and social debts -€5,081
down €5,081 (-82.7%), from €6,145 to €1,063
- Gross operating margin -€51,995
down €51,995 (-85.7%), from €60,664 to €8,669
- Taxes -€17,086
down €17,086 (-93.0%), from €18,374 to €1,288
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 | €194,771 | €200,326 | +€5,555 | +2.9% |
| Fixed assets | 21/28 | €14,091 | €14,548 | +€456 | +3.2% |
| Tangible fixed assets | 22/27 | €13,959 | €14,415 | +€456 | +3.3% |
| Plant, machinery and equipment | 23 | €212 | €132 | -€80 | -37.8% |
| Furniture and vehicles | 24 | €13,747 | €14,284 | +€536 | +3.9% |
| Financial fixed assets | 28 | €132 | €132 | = | 0.0% |
| Current assets | 29/58 | €180,680 | €185,779 | +€5,099 | +2.8% |
| Amounts receivable within one year | 40/41 | €369 | €25,904 | +€25,535 | +6,916% |
| Trade receivables | 40 | - | €12,192 | +€12,192 | |
| Other amounts receivable | 41 | €369 | €13,712 | +€13,343 | +3,614% |
| Cash at bank and in hand | 54/58 | €169,644 | €153,674 | -€15,970 | -9.4% |
| Deferred charges and accrued income | 490/1 | €10,666 | €6,200 | -€4,466 | -41.9% |
| Total equity and liabilities | 10/49 | €194,771 | €200,326 | +€5,555 | +2.9% |
| Equity | 10/15 | €184,156 | €113,209 | -€70,947 | -38.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €177,956 | €107,009 | -€70,947 | -39.9% |
| Distributable reserves | 133 | €177,956 | €107,009 | -€70,947 | -39.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €10,615 | €87,117 | +€76,503 | +721% |
| Amounts payable within one year | 42/48 | €10,503 | €87,117 | +€76,614 | +729% |
| Trade debts | 44 | €1,424 | €10,526 | +€9,102 | +639% |
| Suppliers | 440/4 | €1,424 | €10,526 | +€9,102 | +639% |
| Taxes, remuneration and social security | 45 | €6,145 | €1,063 | -€5,081 | -82.7% |
| Taxes | 450/3 | €6,145 | €1,063 | -€5,081 | -82.7% |
| Other amounts payable | 47/48 | €2,934 | €75,528 | +€72,594 | +2,474% |
| Accrued charges and deferred income | 492/3 | €112 | €0 | -€112 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,292 | €4,304 | +€12 | +0.3% |
| Other operating charges | 640/8 | €886 | €920 | +€34 | +3.9% |
| Non-recurring operating charges | 66A | - | €191 | +€191 | |
| Gross operating margin | 9900 | €60,664 | €8,669 | -€51,995 | -85.7% |
| Operating profit (loss) | 9901 | €55,486 | €3,254 | -€52,232 | -94.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,136 | €952 | -€184 | -16.2% |
| Recurring financial charges | 65 | €1,136 | €952 | -€184 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €54,350 | €2,301 | -€52,049 | -95.8% |
| Income taxes | 67/77 | €18,374 | €1,288 | -€17,086 | -93.0% |
| Profit (loss) for the period | 9904 | €35,976 | €1,013 | -€34,962 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,976 | €1,013 | -€34,962 | -97.2% |
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 18 October 2026 via checked.be.