DM: what changed
Two fiscal 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 +€8,605
up €8,605 (+8.8%), from €97,459 to €106,064
of which Other amounts receivable: +€15,211
- Cash -€4,080
down €4,080 (-100.0%), from €4,080 to €0
mainly Tax, wage and social debts (-€8,816) and Receivables within one year (-€8,605)
- Tax, wage and social debts -€8,816
down €8,816 (-51.3%), from €17,168 to €8,352
- Short-term financial debts +€4,541
new in 2025: €4,541
- Trade debts +€3,799
up €3,799 (+51.5%), from €7,383 to €11,182
- Current portion of long-term debt +€2,664
new in 2025: €2,664
- Other debts +€2,000
new in 2025: €2,000
- Financial charges -€27,267
down €27,267 (-96.2%), from €28,347 to €1,080
- Gross operating margin -€4,822
down €4,822, from €4,148 to -€674
- Taxes -€1,995
down €1,995 (-44.9%), from €4,448 to €2,452
- Other operating charges -€1,359
down €1,359 (-65.5%), from €2,075 to €716
- Financial income +€449
up €449 (+9.3%), from €4,811 to €5,260
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 | €102,428 | €106,527 | +€4,099 | +4.0% |
| Fixed assets | 21/28 | €889 | €463 | -€426 | -47.9% |
| Tangible fixed assets | 22/27 | €889 | €463 | -€426 | -47.9% |
| Furniture and vehicles | 24 | €889 | €463 | -€426 | -47.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €101,539 | €106,064 | +€4,525 | +4.5% |
| Amounts receivable within one year | 40/41 | €97,459 | €106,064 | +€8,605 | +8.8% |
| Trade receivables | 40 | €7,937 | €1,331 | -€6,606 | -83.2% |
| Other amounts receivable | 41 | €89,521 | €104,733 | +€15,211 | +17.0% |
| Cash at bank and in hand | 54/58 | €4,080 | €0 | -€4,080 | -100.0% |
| Total equity and liabilities | 10/49 | €102,428 | €106,527 | +€4,099 | +4.0% |
| Equity | 10/15 | €77,877 | €77,788 | -€89 | -0.1% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €64,684 | €64,684 | = | 0.0% |
| Distributable reserves | 133 | €64,684 | €64,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,793 | -€17,882 | -€89 | -0.5% |
| Amounts payable | 17/49 | €24,551 | €28,738 | +€4,187 | +17.1% |
| Amounts payable within one year | 42/48 | €24,551 | €28,738 | +€4,187 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,664 | +€2,664 | |
| Financial debts | 43 | - | €4,541 | +€4,541 | |
| Credit institutions | 430/8 | - | €4,541 | +€4,541 | |
| Trade debts | 44 | €7,383 | €11,182 | +€3,799 | +51.5% |
| Suppliers | 440/4 | €7,383 | €11,182 | +€3,799 | +51.5% |
| Taxes, remuneration and social security | 45 | €17,168 | €8,352 | -€8,816 | -51.3% |
| Taxes | 450/3 | €17,168 | €8,352 | -€8,816 | -51.3% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €520 | €426 | -€94 | -18.0% |
| Other operating charges | 640/8 | €2,075 | €716 | -€1,359 | -65.5% |
| Gross operating margin | 9900 | €4,148 | -€674 | -€4,822 | |
| Operating profit (loss) | 9901 | €1,554 | -€1,816 | -€3,370 | |
| Financial income | 75/76B | €4,811 | €5,260 | +€449 | +9.3% |
| Recurring financial income | 75 | €4,811 | €5,260 | +€449 | +9.3% |
| Financial charges | 65/66B | €28,347 | €1,080 | -€27,267 | -96.2% |
| Recurring financial charges | 65 | €28,347 | €1,080 | -€27,267 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,983 | €2,363 | +€24,346 | |
| Income taxes | 67/77 | €4,448 | €2,452 | -€1,995 | -44.9% |
| Profit (loss) for the period | 9904 | -€26,430 | -€89 | +€26,341 | +99.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,430 | -€89 | +€26,341 | +99.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.