DM Accounting: 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 Accounting
Largest movements
- Tangible fixed assets +€327,807
up €327,807, from €0 to €327,807
of which Land and buildings: +€327,807
- Current investments -€70,000
down €70,000 (-46.7%), from €150,000 to €80,000
- Cash -€18,479
down €18,479 (-50.1%), from €36,851 to €18,372
mainly Investment in fixed assets (net) (-€331,830) and Tax, wage and social debts (-€14,912)
- Receivables within one year -€11,719
down €11,719 (-22.8%), from €51,447 to €39,728
of which Trade receivables: -€11,719
- Debts after one year +€185,309
new in 2025: €185,309
- Reserves +€38,809
up €38,809 (+22.2%), from €175,011 to €213,819
- Tax, wage and social debts -€14,912
down €14,912 (-39.9%), from €37,403 to €22,491
of which Taxes: -€12,248
- Current portion of long-term debt +€12,626
new in 2025: €12,626
- Trade debts +€8,015
up €8,015 (+38.6%), from €20,766 to €28,781
- Gross operating margin -€32,663
down €32,663 (-19.9%), from €164,000 to €131,337
- Taxes -€17,842
down €17,842 (-70.7%), from €25,234 to €7,393
- Staff costs +€9,938
up €9,938 (+14.5%), from €68,559 to €78,497
- Depreciation +€3,693
up €3,693 (+2,052%), from €180 to €3,873
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 | €239,179 | €469,026 | +€229,848 | +96.1% |
| Fixed assets | 21/28 | €0 | €327,957 | +€327,957 | |
| Tangible fixed assets | 22/27 | €0 | €327,807 | +€327,807 | |
| Land and buildings | 22 | - | €327,807 | +€327,807 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €239,179 | €141,070 | -€98,109 | -41.0% |
| Amounts receivable within one year | 40/41 | €51,447 | €39,728 | -€11,719 | -22.8% |
| Trade receivables | 40 | €51,345 | €39,626 | -€11,719 | -22.8% |
| Other amounts receivable | 41 | €102 | €102 | = | 0.0% |
| Current investments | 50/53 | €150,000 | €80,000 | -€70,000 | -46.7% |
| Cash at bank and in hand | 54/58 | €36,851 | €18,372 | -€18,479 | -50.1% |
| Deferred charges and accrued income | 490/1 | €881 | €2,970 | +€2,088 | +237% |
| Total equity and liabilities | 10/49 | €239,179 | €469,026 | +€229,848 | +96.1% |
| Equity | 10/15 | €181,011 | €219,819 | +€38,809 | +21.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €175,011 | €213,819 | +€38,809 | +22.2% |
| Distributable reserves | 133 | €175,011 | €213,819 | +€38,809 | +22.2% |
| Amounts payable | 17/49 | €58,168 | €249,207 | +€191,039 | +328% |
| Amounts payable after more than one year | 17 | - | €185,309 | +€185,309 | |
| Financial debts | 170/4 | - | €185,309 | +€185,309 | |
| Amounts payable within one year | 42/48 | €58,168 | €63,898 | +€5,730 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | - | €12,626 | +€12,626 | |
| Trade debts | 44 | €20,766 | €28,781 | +€8,015 | +38.6% |
| Suppliers | 440/4 | €20,766 | €28,781 | +€8,015 | +38.6% |
| Taxes, remuneration and social security | 45 | €37,403 | €22,491 | -€14,912 | -39.9% |
| Taxes | 450/3 | €33,128 | €20,880 | -€12,248 | -37.0% |
| Remuneration and social security | 454/9 | €4,275 | €1,611 | -€2,664 | -62.3% |
| Remuneration, social security and pensions | 62 | €68,559 | €78,497 | +€9,938 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180 | €3,873 | +€3,693 | +2,052% |
| Other operating charges | 640/8 | €1,593 | €2,274 | +€681 | +42.8% |
| Non-recurring operating charges | 66A | €2,808 | €0 | -€2,808 | -100% |
| Gross operating margin | 9900 | €164,000 | €131,337 | -€32,663 | -19.9% |
| Operating profit (loss) | 9901 | €90,860 | €46,693 | -€44,167 | -48.6% |
| Financial income | 75/76B | €1,921 | €1,326 | -€595 | -31.0% |
| Recurring financial income | 75 | €1,921 | €1,326 | -€595 | -31.0% |
| Financial charges | 65/66B | €864 | €1,817 | +€953 | +110% |
| Recurring financial charges | 65 | €864 | €1,817 | +€953 | +110% |
| Profit (loss) for the period before taxes | 9903 | €91,917 | €46,201 | -€45,716 | -49.7% |
| Income taxes | 67/77 | €25,234 | €7,393 | -€17,842 | -70.7% |
| Profit (loss) for the period | 9904 | €66,682 | €38,809 | -€27,874 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,682 | €38,809 | -€27,874 | -41.8% |
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 23 October 2026 via checked.be.