DM&C: 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&C
Largest movements
- Receivables within one year +€204,346
up €204,346 (+199.6%), from €102,373 to €306,719
of which Trade receivables: +€203,753
- Current investments +€198,785
up €198,785 (+99.4%), from €200,000 to €398,785
- Cash +€179,739
up €179,739 (+49.1%), from €366,423 to €546,162
mainly Net result for the year (+€454,376) and Trade debts (+€72,095)
- Tangible fixed assets +€13,421
new in 2025: €13,421
- Reserves +€454,376
up €454,376 (+102.4%), from €443,589 to €897,965
- Trade debts +€72,095
up €72,095 (+110.9%), from €64,982 to €137,077
- Tax, wage and social debts +€69,520
up €69,520 (+44.5%), from €156,222 to €225,742
- Gross operating margin +€221,504
up €221,504 (+51.8%), from €427,849 to €649,353
- Taxes +€73,066
up €73,066 (+54.8%), from €133,291 to €206,357
- Financial income +€8,432
up €8,432 (+231.7%), from €3,639 to €12,071
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 | €669,996 | €1,266,148 | +€596,152 | +89.0% |
| Fixed assets | 21/28 | - | €13,421 | +€13,421 | |
| Tangible fixed assets | 22/27 | - | €13,421 | +€13,421 | |
| Furniture and vehicles | 24 | - | €13,421 | +€13,421 | |
| Current assets | 29/58 | €669,996 | €1,252,727 | +€582,731 | +87.0% |
| Amounts receivable within one year | 40/41 | €102,373 | €306,719 | +€204,346 | +199.6% |
| Trade receivables | 40 | €102,373 | €306,126 | +€203,753 | +199.0% |
| Other amounts receivable | 41 | - | €593 | +€593 | |
| Current investments | 50/53 | €200,000 | €398,785 | +€198,785 | +99.4% |
| Cash at bank and in hand | 54/58 | €366,423 | €546,162 | +€179,739 | +49.1% |
| Deferred charges and accrued income | 490/1 | €1,200 | €1,061 | -€139 | -11.6% |
| Total equity and liabilities | 10/49 | €669,996 | €1,266,148 | +€596,152 | +89.0% |
| Equity | 10/15 | €448,589 | €902,965 | +€454,376 | +101.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €443,589 | €897,965 | +€454,376 | +102.4% |
| Distributable reserves | 133 | €443,589 | €897,965 | +€454,376 | +102.4% |
| Amounts payable | 17/49 | €221,407 | €363,183 | +€141,776 | +64.0% |
| Amounts payable within one year | 42/48 | €221,407 | €363,183 | +€141,776 | +64.0% |
| Trade debts | 44 | €64,982 | €137,077 | +€72,095 | +110.9% |
| Suppliers | 440/4 | €64,982 | €137,077 | +€72,095 | +110.9% |
| Taxes, remuneration and social security | 45 | €156,222 | €225,742 | +€69,520 | +44.5% |
| Taxes | 450/3 | €156,222 | €225,742 | +€69,520 | +44.5% |
| Other amounts payable | 47/48 | €203 | €364 | +€161 | +79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €126 | +€126 | |
| Gross operating margin | 9900 | €427,849 | €649,353 | +€221,504 | +51.8% |
| Operating profit (loss) | 9901 | €427,849 | €649,227 | +€221,378 | +51.7% |
| Financial income | 75/76B | €3,639 | €12,071 | +€8,432 | +231.7% |
| Recurring financial income | 75 | €3,639 | €12,071 | +€8,432 | +231.7% |
| Financial charges | 65/66B | €64 | €565 | +€501 | +782.8% |
| Recurring financial charges | 65 | €64 | €565 | +€501 | +782.8% |
| Profit (loss) for the period before taxes | 9903 | €431,424 | €660,733 | +€229,309 | +53.2% |
| Income taxes | 67/77 | €133,291 | €206,357 | +€73,066 | +54.8% |
| Profit (loss) for the period | 9904 | €298,133 | €454,376 | +€156,243 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €298,133 | €454,376 | +€156,243 | +52.4% |
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 5 October 2026 via checked.be.