DM-Co: 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-Co
Largest movements
- Cash +€160,640
up €160,640 (+903%), from €17,793 to €178,434
mainly Current investments (+€125,000) and Net result for the year (+€58,225)
- Current investments -€125,000
down €125,000 (-71.4%), from €175,000 to €50,000
- Receivables within one year +€7,307
up €7,307 (+18.5%), from €39,590 to €46,897
of which Other amounts receivable: +€21,552
- Tangible fixed assets +€6,611
up €6,611 (+43.2%), from €15,320 to €21,931
of which Furniture and vehicles: +€7,777
- Reserves +€58,225
up €58,225 (+37.7%), from €154,395 to €212,620
of which Distributable reserves: +€58,225
- Other debts -€12,500
no longer reported in 2025 (was €12,500)
- Gross operating margin -€38,336
down €38,336 (-32.0%), from €119,720 to €81,385
- Taxes -€8,775
down €8,775 (-28.8%), from €30,492 to €21,718
- Financial charges +€1,894
up €1,894 (+4,355%), from €44 to €1,938
- Depreciation +€1,754
up €1,754 (+47.2%), from €3,713 to €5,467
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 | €250,891 | €298,004 | +€47,113 | +18.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €15,320 | €21,931 | +€6,611 | +43.2% |
| Tangible fixed assets | 22/27 | €15,320 | €21,931 | +€6,611 | +43.2% |
| Furniture and vehicles | 24 | €8,605 | €16,382 | +€7,777 | +90.4% |
| Other tangible fixed assets | 26 | €6,715 | €5,549 | -€1,166 | -17.4% |
| Current assets | 29/58 | €235,571 | €276,073 | +€40,502 | +17.2% |
| Amounts receivable within one year | 40/41 | €39,590 | €46,897 | +€7,307 | +18.5% |
| Trade receivables | 40 | €25,177 | €10,932 | -€14,245 | -56.6% |
| Other amounts receivable | 41 | €14,413 | €35,966 | +€21,552 | +150% |
| Current investments | 50/53 | €175,000 | €50,000 | -€125,000 | -71.4% |
| Cash at bank and in hand | 54/58 | €17,793 | €178,434 | +€160,640 | +903% |
| Deferred charges and accrued income | 490/1 | €3,187 | €742 | -€2,446 | -76.7% |
| Total equity and liabilities | 10/49 | €250,891 | €298,004 | +€47,113 | +18.8% |
| Equity | 10/15 | €229,563 | €287,788 | +€58,225 | +25.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €154,395 | €212,620 | +€58,225 | +37.7% |
| Tax-exempt reserves | 132 | €52,625 | €52,625 | = | 0.0% |
| Distributable reserves | 133 | €101,770 | €159,995 | +€58,225 | +57.2% |
| Profit (loss) carried forward | 14 | €71,168 | €71,168 | -€0 | 0.0% |
| Amounts payable | 17/49 | €21,328 | €10,216 | -€11,112 | -52.1% |
| Amounts payable within one year | 42/48 | €21,328 | €9,424 | -€11,905 | -55.8% |
| Trade debts | 44 | €3,466 | €2,526 | -€940 | -27.1% |
| Suppliers | 440/4 | €3,466 | €2,526 | -€940 | -27.1% |
| Taxes, remuneration and social security | 45 | €5,363 | €6,898 | +€1,536 | +28.6% |
| Taxes | 450/3 | €5,363 | €3,898 | -€1,464 | -27.3% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €12,500 | - | -€12,500 | |
| Accrued charges and deferred income | 492/3 | - | €792 | +€792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,713 | €5,467 | +€1,754 | +47.2% |
| Other operating charges | 640/8 | €296 | €697 | +€401 | +136% |
| Gross operating margin | 9900 | €119,720 | €81,385 | -€38,336 | -32.0% |
| Operating profit (loss) | 9901 | €115,711 | €75,221 | -€40,490 | -35.0% |
| Financial income | 75/76B | €7,152 | €6,660 | -€492 | -6.9% |
| Recurring financial income | 75 | €7,152 | €6,660 | -€492 | -6.9% |
| Financial charges | 65/66B | €44 | €1,938 | +€1,894 | +4,355% |
| Recurring financial charges | 65 | €44 | €1,938 | +€1,894 | +4,355% |
| Profit (loss) for the period before taxes | 9903 | €122,820 | €79,943 | -€42,877 | -34.9% |
| Income taxes | 67/77 | €30,492 | €21,718 | -€8,775 | -28.8% |
| Profit (loss) for the period | 9904 | €92,327 | €58,225 | -€34,102 | -36.9% |
| Transfer to tax-exempt reserves | 689 | €52,625 | - | -€52,625 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,702 | €58,225 | +€18,523 | +46.7% |
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 14 October 2026 via checked.be.