dm-A: 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-A
Largest movements
- Receivables within one year +€19,157
up €19,157 (+24.1%), from €79,643 to €98,800
of which Other amounts receivable: +€28,500
- Tangible fixed assets +€5,876
up €5,876 (+414.3%), from €1,418 to €7,294
of which Furniture and vehicles: +€4,091
- Cash -€2,994
down €2,994 (-10.3%), from €29,097 to €26,102
mainly Contributions, distributions and other (-€37,275) and Receivables within one year (-€19,157)
- Deferred charges and accrued income -€2,286
down €2,286 (-68.4%), from €3,341 to €1,054
- Other debts +€44,117
up €44,117 (+100.4%), from €43,927 to €88,043
- Profit (loss) carried forward -€13,756
no longer reported in 2025 (was €13,756)
- Tax, wage and social debts -€8,005
down €8,005 (-60.5%), from €13,233 to €5,228
- Trade debts -€2,603
down €2,603 (-51.0%), from €5,099 to €2,497
- Gross operating margin +€32,066
up €32,066, from -€3,919 to €28,147
- Taxes -€783
down €783 (-22.9%), from €3,418 to €2,635
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 | €114,499 | €134,251 | +€19,752 | +17.3% |
| Fixed assets | 21/28 | €2,418 | €8,294 | +€5,876 | +243.0% |
| Tangible fixed assets | 22/27 | €1,418 | €7,294 | +€5,876 | +414.3% |
| Furniture and vehicles | 24 | €1,418 | €5,509 | +€4,091 | +288.4% |
| Other tangible fixed assets | 26 | - | €1,785 | +€1,785 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €112,080 | €125,957 | +€13,876 | +12.4% |
| Amounts receivable within one year | 40/41 | €79,643 | €98,800 | +€19,157 | +24.1% |
| Trade receivables | 40 | €45,643 | €36,300 | -€9,343 | -20.5% |
| Other amounts receivable | 41 | €34,000 | €62,500 | +€28,500 | +83.8% |
| Cash at bank and in hand | 54/58 | €29,097 | €26,102 | -€2,994 | -10.3% |
| Deferred charges and accrued income | 490/1 | €3,341 | €1,054 | -€2,286 | -68.4% |
| Total equity and liabilities | 10/49 | €114,499 | €134,251 | +€19,752 | +17.3% |
| Equity | 10/15 | €52,239 | €38,483 | -€13,756 | -26.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,483 | €35,483 | = | 0.0% |
| Distributable reserves | 133 | €35,483 | €35,483 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,756 | - | -€13,756 | |
| Amounts payable | 17/49 | €62,260 | €95,768 | +€33,508 | +53.8% |
| Amounts payable within one year | 42/48 | €62,260 | €95,768 | +€33,508 | +53.8% |
| Trade debts | 44 | €5,099 | €2,497 | -€2,603 | -51.0% |
| Suppliers | 440/4 | €5,099 | €2,497 | -€2,603 | -51.0% |
| Taxes, remuneration and social security | 45 | €13,233 | €5,228 | -€8,005 | -60.5% |
| Taxes | 450/3 | €13,233 | €5,228 | -€8,005 | -60.5% |
| Other amounts payable | 47/48 | €43,927 | €88,043 | +€44,117 | +100.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,314 | €1,211 | -€102 | -7.8% |
| Other operating charges | 640/8 | €778 | €582 | -€196 | -25.2% |
| Gross operating margin | 9900 | -€3,919 | €28,147 | +€32,066 | |
| Operating profit (loss) | 9901 | -€6,011 | €26,353 | +€32,364 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €339 | €200 | -€140 | -41.2% |
| Recurring financial charges | 65 | €339 | €200 | -€140 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,350 | €26,154 | +€32,504 | |
| Income taxes | 67/77 | €3,418 | €2,635 | -€783 | -22.9% |
| Profit (loss) for the period | 9904 | -€9,768 | €23,519 | +€33,287 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,768 | €23,519 | +€33,287 |
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 8 October 2026 via checked.be.