.dm build: 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 build
Largest movements
- Stocks and contracts +€604,890
up €604,890 (+676.1%), from €89,469 to €694,359
- Current investments +€245,000
new in 2025: €245,000
- Cash +€123,830
up €123,830 (+276.5%), from €44,790 to €168,619
mainly Advances received (+€951,175) and Net result for the year (+€45,573)
- Tangible fixed assets +€75,718
up €75,718 (+5347.2%), from €1,416 to €77,135
of which Furniture and vehicles: +€76,217
- Advances received +€951,175
up €951,175 (+992.3%), from €95,858 to €1.0m
- Reserves +€45,573
up €45,573 (+3142.8%), from €1,450 to €47,023
- Tax, wage and social debts +€33,388
up €33,388 (+9078.1%), from €368 to €33,756
- Trade debts +€23,085
up €23,085 (+447.8%), from €5,155 to €28,240
- Gross operating margin +€66,730
up €66,730 (+2459.1%), from €2,714 to €69,444
- Taxes +€11,732
up €11,732 (+3189.9%), from €368 to €12,100
- Depreciation +€8,739
up €8,739 (+11068.0%), from €79 to €8,818
- Financial charges +€1,665
up €1,665 (+2787.3%), from €60 to €1,725
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 | €143,055 | €1,201,436 | +€1.1m | +739.8% |
| Fixed assets | 21/28 | €5,416 | €83,150 | +€77,733 | +1435.2% |
| Tangible fixed assets | 22/27 | €1,416 | €77,135 | +€75,718 | +5347.2% |
| Plant, machinery and equipment | 23 | €1,416 | €918 | -€498 | -35.2% |
| Furniture and vehicles | 24 | - | €76,217 | +€76,217 | |
| Financial fixed assets | 28 | €4,000 | €6,015 | +€2,015 | +50.4% |
| Current assets | 29/58 | €137,639 | €1,118,287 | +€980,647 | +712.5% |
| Stocks and contracts in progress | 3 | €89,469 | €694,359 | +€604,890 | +676.1% |
| Contracts in progress | 37 | €89,469 | €694,359 | +€604,890 | +676.1% |
| Amounts receivable within one year | 40/41 | €3,381 | €4,647 | +€1,266 | +37.4% |
| Trade receivables | 40 | €1,162 | €4,251 | +€3,089 | +266.0% |
| Other amounts receivable | 41 | €2,219 | €396 | -€1,823 | -82.2% |
| Current investments | 50/53 | - | €245,000 | +€245,000 | |
| Cash at bank and in hand | 54/58 | €44,790 | €168,619 | +€123,830 | +276.5% |
| Deferred charges and accrued income | 490/1 | - | €5,661 | +€5,661 | |
| Total equity and liabilities | 10/49 | €143,055 | €1,201,436 | +€1.1m | +739.8% |
| Equity | 10/15 | €41,450 | €87,023 | +€45,573 | +109.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €1,450 | €47,023 | +€45,573 | +3142.8% |
| Distributable reserves | 133 | €1,450 | €47,023 | +€45,573 | +3142.8% |
| Amounts payable | 17/49 | €101,605 | €1,114,413 | +€1.0m | +996.8% |
| Amounts payable within one year | 42/48 | €101,380 | €1,109,827 | +€1.0m | +994.7% |
| Trade debts | 44 | €5,155 | €28,240 | +€23,085 | +447.8% |
| Suppliers | 440/4 | €5,155 | €28,240 | +€23,085 | +447.8% |
| Advances received on contracts in progress | 46 | €95,858 | €1,047,033 | +€951,175 | +992.3% |
| Taxes, remuneration and social security | 45 | €368 | €33,756 | +€33,388 | +9078.1% |
| Taxes | 450/3 | €368 | €33,756 | +€33,388 | +9078.1% |
| Other amounts payable | 47/48 | - | €798 | +€798 | |
| Accrued charges and deferred income | 492/3 | €225 | €4,586 | +€4,361 | +1938.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79 | €8,818 | +€8,739 | +11068.0% |
| Other operating charges | 640/8 | €772 | €1,282 | +€511 | +66.2% |
| Gross operating margin | 9900 | €2,714 | €69,444 | +€66,730 | +2459.1% |
| Operating profit (loss) | 9901 | €1,863 | €59,343 | +€57,480 | +3085.6% |
| Financial income | 75/76B | €15 | €55 | +€40 | +270.2% |
| Recurring financial income | 75 | €15 | €55 | +€40 | +270.2% |
| Financial charges | 65/66B | €60 | €1,725 | +€1,665 | +2787.3% |
| Recurring financial charges | 65 | €60 | €1,725 | +€1,665 | +2787.3% |
| Profit (loss) for the period before taxes | 9903 | €1,818 | €57,673 | +€55,855 | +3072.5% |
| Income taxes | 67/77 | €368 | €12,100 | +€11,732 | +3189.9% |
| Profit (loss) for the period | 9904 | €1,450 | €45,573 | +€44,123 | +3042.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,450 | €45,573 | +€44,123 | +3042.8% |
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 30 September 2026 via checked.be.