DM: 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.
DM
Largest movements
- Receivables within one year -€12,729
down €12,729 (-80.3%), from €15,855 to €3,126
- Cash -€5,609
down €5,609 (-53.2%), from €10,546 to €4,938
mainly Net result for the year (-€11,070) and Other debts (-€10,459)
- Profit (loss) carried forward -€11,070
down €11,070 (-1.9%), from -€583,557 to -€594,628
- Other debts -€10,459
down €10,459 (-11.7%), from €89,367 to €78,908
- Trade debts +€3,192
up €3,192 (+2275.9%), from €140 to €3,332
- Gross operating margin -€9,689
down €9,689, from €901 to -€8,788
- Write-downs -€1,952
down €1,952, from €1,291 to -€661
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.
Cash bridge derived
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 | €26,401 | €8,064 | -€18,337 | -69.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €26,401 | €8,064 | -€18,337 | -69.5% |
| Amounts receivable within one year | 40/41 | €15,855 | €3,126 | -€12,729 | -80.3% |
| Trade receivables | 40 | €15,855 | €3,126 | -€12,729 | -80.3% |
| Cash at bank and in hand | 54/58 | €10,546 | €4,938 | -€5,609 | -53.2% |
| Total equity and liabilities | 10/49 | €26,401 | €8,064 | -€18,337 | -69.5% |
| Equity | 10/15 | -€63,106 | -€74,176 | -€11,070 | -17.5% |
| Contributions | 10/11 | €518,592 | €518,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€583,557 | -€594,628 | -€11,070 | -1.9% |
| Amounts payable | 17/49 | €89,507 | €82,240 | -€7,267 | -8.1% |
| Amounts payable within one year | 42/48 | €89,507 | €82,240 | -€7,267 | -8.1% |
| Trade debts | 44 | €140 | €3,332 | +€3,192 | +2275.9% |
| Suppliers | 440/4 | €140 | €3,332 | +€3,192 | +2275.9% |
| Other amounts payable | 47/48 | €89,367 | €78,908 | -€10,459 | -11.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,291 | -€661 | -€1,952 | |
| Other operating charges | 640/8 | €685 | €626 | -€59 | -8.6% |
| Non-recurring operating charges | 66A | €14,664 | €2,197 | -€12,467 | -85.0% |
| Gross operating margin | 9900 | €901 | -€8,788 | -€9,689 | |
| Operating profit (loss) | 9901 | -€15,739 | -€10,951 | +€4,788 | +30.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €118 | €119 | +€1 | +1.2% |
| Recurring financial charges | 65 | €118 | €119 | +€1 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,857 | -€11,070 | +€4,787 | +30.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€15,857 | -€11,070 | +€4,787 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,857 | -€11,070 | +€4,787 | +30.2% |
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 11 October 2026 via checked.be.