DLMS: 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.
DLMS
Largest movements
- Receivables within one year +€150,104
up €150,104 (+182%), from €82,632 to €232,735
of which Trade receivables: +€120,135
- Tangible fixed assets +€15,428
up €15,428 (+72.8%), from €21,202 to €36,630
of which Plant, machinery and equipment: +€11,719
- Cash -€9,814
down €9,814 (-36.7%), from €26,758 to €16,944
mainly Receivables within one year (-€150,104) and Investment in fixed assets (net) (-€26,359)
- Advances received +€128,899
up €128,899 (+806%), from €16,000 to €144,899
- Tax, wage and social debts +€14,811
up €14,811 (+80.2%), from €18,469 to €33,280
of which Remuneration and social security: +€9,825
- Profit (loss) carried forward +€9,493
up €9,493 (+37.2%), from €25,489 to €34,982
- Staff costs +€93,698
up €93,698 (+55.1%), from €169,908 to €263,607
- Gross operating margin +€77,589
up €77,589 (+36.9%), from €210,109 to €287,698
- Taxes -€10,840
down €10,840, from €6,494 to -€4,346
- Financial charges +€7,180
up €7,180 (+5,070%), from €142 to €7,321
- Depreciation +€6,695
up €6,695 (+158%), from €4,236 to €10,931
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 | €165,837 | €318,709 | +€152,872 | +92.2% |
| Fixed assets | 21/28 | €21,202 | €36,630 | +€15,428 | +72.8% |
| Tangible fixed assets | 22/27 | €21,202 | €36,630 | +€15,428 | +72.8% |
| Plant, machinery and equipment | 23 | €10,119 | €21,838 | +€11,719 | +116% |
| Furniture and vehicles | 24 | €11,083 | €14,792 | +€3,709 | +33.5% |
| Current assets | 29/58 | €144,635 | €282,079 | +€137,444 | +95.0% |
| Stocks and contracts in progress | 3 | €35,245 | €32,399 | -€2,846 | -8.1% |
| Stocks | 30/36 | €35,245 | €32,399 | -€2,846 | -8.1% |
| Amounts receivable within one year | 40/41 | €82,632 | €232,735 | +€150,104 | +182% |
| Trade receivables | 40 | €64,282 | €184,417 | +€120,135 | +187% |
| Other amounts receivable | 41 | €18,349 | €48,318 | +€29,969 | +163% |
| Cash at bank and in hand | 54/58 | €26,758 | €16,944 | -€9,814 | -36.7% |
| Total equity and liabilities | 10/49 | €165,837 | €318,709 | +€152,872 | +92.2% |
| Equity | 10/15 | €25,489 | €34,982 | +€9,493 | +37.2% |
| Profit (loss) carried forward | 14 | €25,489 | €34,982 | +€9,493 | +37.2% |
| Amounts payable | 17/49 | €140,348 | €283,727 | +€143,379 | +102% |
| Amounts payable within one year | 42/48 | €140,348 | €283,727 | +€143,379 | +102% |
| Trade debts | 44 | €88,241 | €89,186 | +€944 | +1.1% |
| Suppliers | 440/4 | €88,241 | €89,186 | +€944 | +1.1% |
| Advances received on contracts in progress | 46 | €16,000 | €144,899 | +€128,899 | +806% |
| Taxes, remuneration and social security | 45 | €18,469 | €33,280 | +€14,811 | +80.2% |
| Taxes | 450/3 | €6,494 | €11,481 | +€4,986 | +76.8% |
| Remuneration and social security | 454/9 | €11,974 | €21,799 | +€9,825 | +82.0% |
| Other amounts payable | 47/48 | €17,638 | €16,362 | -€1,276 | -7.2% |
| Remuneration, social security and pensions | 62 | €169,908 | €263,607 | +€93,698 | +55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,236 | €10,931 | +€6,695 | +158% |
| Other operating charges | 640/8 | €3,849 | €712 | -€3,138 | -81.5% |
| Gross operating margin | 9900 | €210,109 | €287,698 | +€77,589 | +36.9% |
| Operating profit (loss) | 9901 | €32,115 | €12,449 | -€19,667 | -61.2% |
| Financial income | 75/76B | €10 | €19 | +€9 | +94.5% |
| Recurring financial income | 75 | €10 | €19 | +€9 | +94.5% |
| Financial charges | 65/66B | €142 | €7,321 | +€7,180 | +5,070% |
| Recurring financial charges | 65 | €142 | €7,321 | +€7,180 | +5,070% |
| Profit (loss) for the period before taxes | 9903 | €31,984 | €5,147 | -€26,837 | -83.9% |
| Income taxes | 67/77 | €6,494 | -€4,346 | -€10,840 | |
| Profit (loss) for the period | 9904 | €25,489 | €9,493 | -€15,997 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,489 | €9,493 | -€15,997 | -62.8% |
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 17 October 2026 via checked.be.