DLM VERTENTEN: 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.
DLM VERTENTEN
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+94.7%), from €1.4m to €2.8m
of which Land and buildings: +€1.3m
- Receivables after one year +€450,000
up €450,000 (+31.8%), from €1.4m to €1.9m
- Cash -€348,131
down €348,131 (-53.6%), from €649,627 to €301,495
mainly Investment in fixed assets (net) (-€1.7m) and Receivables after one year (-€450,000)
- Stocks and contracts -€234,178
down €234,178 (-82.3%), from €284,428 to €50,250
- Receivables within one year -€68,129
down €68,129 (-31.2%), from €218,372 to €150,242
of which Trade receivables: -€98,639
- Debts after one year +€1.2m
up €1.2m (+145%), from €818,423 to €2.0m
- Reserves +€389,676
up €389,676 (+20.2%), from €1.9m to €2.3m
of which Tax-exempt reserves: +€210,500
- Short-term financial debts -€218,100
down €218,100 (-76.3%), from €285,679 to €67,578
- Tax, wage and social debts -€207,044
down €207,044 (-82.8%), from €250,033 to €42,990
of which Taxes: -€197,864
- Trade debts +€99,392
up €99,392 (+72.9%), from €136,264 to €235,656
- Gross operating margin -€390,117
down €390,117 (-22.5%), from €1.7m to €1.3m
- Taxes -€221,916
down €221,916 (-49.4%), from €449,046 to €227,130
- Other operating charges +€177,439
up €177,439 (+1,348%), from €13,165 to €190,603
- Depreciation +€62,782
up €62,782 (+25.5%), from €245,801 to €308,584
- Financial charges +€25,204
up €25,204 (+43.1%), from €58,517 to €83,721
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,047,206 | €5,219,264 | +€1.2m | +29.0% |
| Fixed assets | 21/28 | €1,463,113 | €2,813,027 | +€1.3m | +92.3% |
| Intangible fixed assets | 21 | €33,851 | €30,352 | -€3,499 | -10.3% |
| Tangible fixed assets | 22/27 | €1,429,262 | €2,782,675 | +€1.4m | +94.7% |
| Land and buildings | 22 | €905,185 | €2,253,668 | +€1.3m | +149% |
| Plant, machinery and equipment | 23 | €144,665 | €179,033 | +€34,368 | +23.8% |
| Furniture and vehicles | 24 | €379,413 | €349,974 | -€29,439 | -7.8% |
| Current assets | 29/58 | €2,584,092 | €2,406,237 | -€177,855 | -6.9% |
| Amounts receivable after more than one year | 29 | €1,415,000 | €1,865,000 | +€450,000 | +31.8% |
| Other amounts receivable | 291 | €1,415,000 | €1,865,000 | +€450,000 | +31.8% |
| Stocks and contracts in progress | 3 | €284,428 | €50,250 | -€234,178 | -82.3% |
| Stocks | 30/36 | €284,428 | €50,250 | -€234,178 | -82.3% |
| Amounts receivable within one year | 40/41 | €218,372 | €150,242 | -€68,129 | -31.2% |
| Trade receivables | 40 | €165,379 | €66,740 | -€98,639 | -59.6% |
| Other amounts receivable | 41 | €52,993 | €83,503 | +€30,510 | +57.6% |
| Cash at bank and in hand | 54/58 | €649,627 | €301,495 | -€348,131 | -53.6% |
| Deferred charges and accrued income | 490/1 | €16,666 | €39,250 | +€22,583 | +136% |
| Total equity and liabilities | 10/49 | €4,047,206 | €5,219,264 | +€1.2m | +29.0% |
| Equity | 10/15 | €2,157,644 | €2,547,054 | +€389,410 | +18.0% |
| Contributions | 10/11 | €223,600 | €223,600 | = | 0.0% |
| Reserves | 13 | €1,929,183 | €2,318,859 | +€389,676 | +20.2% |
| Tax-exempt reserves | 132 | €7,804 | €218,304 | +€210,500 | +2,697% |
| Distributable reserves | 133 | €1,921,380 | €2,100,555 | +€179,176 | +9.3% |
| Profit (loss) carried forward | 14 | €2,597 | €2,597 | = | 0.0% |
| Investment grants | 15 | €2,263 | €1,998 | -€265 | -11.7% |
| Provisions and deferred taxes | 16 | €119 | €105 | -€14 | -11.7% |
| Deferred taxes | 168 | €119 | €105 | -€14 | -11.7% |
| Amounts payable | 17/49 | €1,889,443 | €2,672,104 | +€782,662 | +41.4% |
| Amounts payable after more than one year | 17 | €818,423 | €2,002,774 | +€1.2m | +145% |
| Financial debts | 170/4 | €818,423 | €2,002,774 | +€1.2m | +145% |
| Amounts payable within one year | 42/48 | €1,071,019 | €669,330 | -€401,689 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €399,036 | €304,991 | -€94,045 | -23.6% |
| Financial debts | 43 | €285,679 | €67,578 | -€218,100 | -76.3% |
| Credit institutions | 430/8 | €285,679 | €67,578 | -€218,100 | -76.3% |
| Trade debts | 44 | €136,264 | €235,656 | +€99,392 | +72.9% |
| Suppliers | 440/4 | €136,264 | €235,656 | +€99,392 | +72.9% |
| Taxes, remuneration and social security | 45 | €250,033 | €42,990 | -€207,044 | -82.8% |
| Taxes | 450/3 | €240,853 | €42,990 | -€197,864 | -82.2% |
| Remuneration and social security | 454/9 | €9,180 | €0 | -€9,180 | -100% |
| Other amounts payable | 47/48 | €7 | €18,116 | +€18,109 | +268,281% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,801 | €308,584 | +€62,782 | +25.5% |
| Other operating charges | 640/8 | €13,165 | €190,603 | +€177,439 | +1,348% |
| Gross operating margin | 9900 | €1,733,864 | €1,343,747 | -€390,117 | -22.5% |
| Operating profit (loss) | 9901 | €1,474,898 | €844,560 | -€630,338 | -42.7% |
| Financial income | 75/76B | €21,204 | €35,953 | +€14,749 | +69.6% |
| Recurring financial income | 75 | €21,204 | €35,953 | +€14,749 | +69.6% |
| Financial charges | 65/66B | €58,517 | €83,721 | +€25,204 | +43.1% |
| Recurring financial charges | 65 | €58,517 | €83,721 | +€25,204 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €1,437,585 | €796,792 | -€640,793 | -44.6% |
| Transfer from deferred taxes | 780 | €20 | €14 | -€7 | -31.8% |
| Income taxes | 67/77 | €449,046 | €227,130 | -€221,916 | -49.4% |
| Profit (loss) for the period | 9904 | €988,559 | €569,676 | -€418,884 | -42.4% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €988,559 | €359,176 | -€629,384 | -63.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.