DCM EMBA Holding: 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.
DCM EMBA Holding
Largest movements
- Receivables within one year -€233,788
down €233,788 (-24.2%), from €966,348 to €732,559
of which Other amounts receivable: -€149,838
- Debts after one year -€366,048
down €366,048 (-15.1%), from €2.4m to €2.1m
- Profit (loss) carried forward +€266,347
up €266,347 (+1,658%), from €16,067 to €282,414
- Other debts -€85,450
down €85,450 (-5.0%), from €1.7m to €1.6m
- Financial income +€237,037
up €237,037 (+121%), from €196,206 to €433,243
- Gross operating margin +€21,820
up €21,820 (+80.9%), from €26,968 to €48,789
- Other operating charges +€15,405
up €15,405 (+43.1%), from €35,764 to €51,168
- Financial charges -€8,639
down €8,639 (-5.7%), from €152,416 to €143,776
of which Financial charges: -€8,639
- Taxes +€1,831
up €1,831 (+182%), from €1,008 to €2,839
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 | €5,891,771 | €5,689,922 | -€201,848 | -3.4% |
| Fixed assets | 21/28 | €4,909,579 | €4,936,678 | +€27,099 | +0.6% |
| Tangible fixed assets | 22/27 | €151,531 | €133,630 | -€17,901 | -11.8% |
| Plant, machinery and equipment | 23 | €411 | €0 | -€411 | -100% |
| Leasing and similar rights | 25 | €127,674 | €115,217 | -€12,457 | -9.8% |
| Other tangible fixed assets | 26 | €23,446 | €18,413 | -€5,033 | -21.5% |
| Financial fixed assets | 28 | €4,758,048 | €4,803,048 | +€45,000 | +0.9% |
| Current assets | 29/58 | €982,192 | €753,245 | -€228,947 | -23.3% |
| Amounts receivable within one year | 40/41 | €966,348 | €732,559 | -€233,788 | -24.2% |
| Trade receivables | 40 | €88,950 | €5,000 | -€83,950 | -94.4% |
| Other amounts receivable | 41 | €877,398 | €727,559 | -€149,838 | -17.1% |
| Cash at bank and in hand | 54/58 | €15,844 | €20,685 | +€4,841 | +30.6% |
| Total equity and liabilities | 10/49 | €5,891,771 | €5,689,922 | -€201,848 | -3.4% |
| Equity | 10/15 | €1,262,458 | €1,528,805 | +€266,347 | +21.1% |
| Contributions | 10/11 | €820,610 | €820,610 | = | 0.0% |
| Reserves | 13 | €425,781 | €425,781 | = | 0.0% |
| Distributable reserves | 133 | €425,781 | €425,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,067 | €282,414 | +€266,347 | +1,658% |
| Amounts payable | 17/49 | €4,629,313 | €4,161,118 | -€468,195 | -10.1% |
| Amounts payable after more than one year | 17 | €2,427,428 | €2,061,380 | -€366,048 | -15.1% |
| Financial debts | 170/4 | €2,427,428 | €2,061,380 | -€366,048 | -15.1% |
| Amounts payable within one year | 42/48 | €2,201,884 | €2,099,737 | -€102,147 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €379,412 | €366,048 | -€13,364 | -3.5% |
| Trade debts | 44 | €110,565 | €103,170 | -€7,395 | -6.7% |
| Suppliers | 440/4 | €110,565 | €103,170 | -€7,395 | -6.7% |
| Taxes, remuneration and social security | 45 | €1,135 | €5,196 | +€4,062 | +358% |
| Taxes | 450/3 | €1,135 | €2,046 | +€912 | +80.4% |
| Remuneration and social security | 454/9 | - | €3,150 | +€3,150 | |
| Other amounts payable | 47/48 | €1,710,772 | €1,625,323 | -€85,450 | -5.0% |
| Non-recurring operating income | 76A | - | €10,538 | +€10,538 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,919 | €17,901 | -€18 | -0.1% |
| Other operating charges | 640/8 | €35,764 | €51,168 | +€15,405 | +43.1% |
| Gross operating margin | 9900 | €26,968 | €48,789 | +€21,820 | +80.9% |
| Operating profit (loss) | 9901 | -€26,715 | -€20,281 | +€6,434 | +24.1% |
| Financial income | 75/76B | €196,206 | €433,243 | +€237,037 | +121% |
| Recurring financial income | 75 | €196,206 | €433,243 | +€237,037 | +121% |
| Financial charges | 65/66B | €152,416 | €143,776 | -€8,639 | -5.7% |
| Recurring financial charges | 65 | €152,416 | €143,776 | -€8,639 | -5.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €17,075 | €269,185 | +€252,110 | +1,476% |
| Income taxes | 67/77 | €1,008 | €2,839 | +€1,831 | +182% |
| Profit (loss) for the period | 9904 | €16,067 | €266,347 | +€250,280 | +1,558% |
| Profit (loss) for the period to be appropriated | 9905 | €16,067 | €266,347 | +€250,280 | +1,558% |
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 24 October 2026 via checked.be.