DM Concepts: 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 Concepts
Largest movements
- Cash +€206,469
up €206,469 (+225.4%), from €91,585 to €298,054
mainly Short-term financial debts (+€212,900) and Depreciation (+€182,285)
- Tangible fixed assets -€111,303
down €111,303 (-14.5%), from €768,114 to €656,811
- Short-term financial debts +€212,900
up €212,900 (+109.2%), from €195,000 to €407,900
- Debts after one year -€202,702
down €202,702 (-28.7%), from €705,185 to €502,483
- Reserves +€83,253
up €83,253 (+34.4%), from €242,114 to €325,367
- Trade debts +€30,896
up €30,896 (+92.6%), from €33,350 to €64,246
- Other debts -€25,595
down €25,595 (-17.3%), from €147,609 to €122,013
- Gross operating margin +€54,205
up €54,205 (+13.9%), from €389,954 to €444,159
- Depreciation +€32,804
up €32,804 (+21.9%), from €149,480 to €182,285
- Financial charges +€23,002
up €23,002 (+80.7%), from €28,520 to €51,523
- Staff costs +€14,598
up €14,598 (+21.3%), from €68,640 to €83,238
- Taxes -€5,294
down €5,294 (-12.0%), from €44,194 to €38,899
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 | €1,538,330 | €1,629,488 | +€91,158 | +5.9% |
| Fixed assets | 21/28 | €768,384 | €657,581 | -€110,803 | -14.4% |
| Tangible fixed assets | 22/27 | €768,114 | €656,811 | -€111,303 | -14.5% |
| Land and buildings | 22 | €474,559 | €425,321 | -€49,239 | -10.4% |
| Plant, machinery and equipment | 23 | €239,809 | €202,893 | -€36,916 | -15.4% |
| Furniture and vehicles | 24 | €53,746 | €28,598 | -€25,149 | -46.8% |
| Financial fixed assets | 28 | €270 | €770 | +€500 | +185.2% |
| Current assets | 29/58 | €769,946 | €971,907 | +€201,961 | +26.2% |
| Stocks and contracts in progress | 3 | €633,157 | €644,284 | +€11,126 | +1.8% |
| Stocks | 30/36 | €633,157 | €644,284 | +€11,126 | +1.8% |
| Amounts receivable within one year | 40/41 | €41,299 | €25,521 | -€15,778 | -38.2% |
| Trade receivables | 40 | €41,299 | €25,521 | -€15,778 | -38.2% |
| Cash at bank and in hand | 54/58 | €91,585 | €298,054 | +€206,469 | +225.4% |
| Deferred charges and accrued income | 490/1 | €3,905 | €4,049 | +€144 | +3.7% |
| Total equity and liabilities | 10/49 | €1,538,330 | €1,629,488 | +€91,158 | +5.9% |
| Equity | 10/15 | €333,573 | €416,826 | +€83,253 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €242,114 | €325,367 | +€83,253 | +34.4% |
| Distributable reserves | 133 | €242,114 | €325,367 | +€83,253 | +34.4% |
| Profit (loss) carried forward | 14 | €72,859 | €72,859 | = | 0.0% |
| Amounts payable | 17/49 | €1,204,757 | €1,212,662 | +€7,905 | +0.7% |
| Amounts payable after more than one year | 17 | €705,185 | €502,483 | -€202,702 | -28.7% |
| Financial debts | 170/4 | €705,185 | €502,483 | -€202,702 | -28.7% |
| Amounts payable within one year | 42/48 | €499,572 | €710,179 | +€210,607 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €88,064 | €79,746 | -€8,318 | -9.4% |
| Financial debts | 43 | €195,000 | €407,900 | +€212,900 | +109.2% |
| Credit institutions | 430/8 | €195,000 | €407,900 | +€212,900 | +109.2% |
| Trade debts | 44 | €33,350 | €64,246 | +€30,896 | +92.6% |
| Suppliers | 440/4 | €33,350 | €64,246 | +€30,896 | +92.6% |
| Taxes, remuneration and social security | 45 | €35,549 | €36,273 | +€724 | +2.0% |
| Taxes | 450/3 | €27,203 | €29,472 | +€2,269 | +8.3% |
| Remuneration and social security | 454/9 | €8,346 | €6,800 | -€1,545 | -18.5% |
| Other amounts payable | 47/48 | €147,609 | €122,013 | -€25,595 | -17.3% |
| Non-recurring operating income | 76A | €54,000 | €1,124 | -€52,876 | -97.9% |
| Remuneration, social security and pensions | 62 | €68,640 | €83,238 | +€14,598 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,480 | €182,285 | +€32,804 | +21.9% |
| Other operating charges | 640/8 | €5,900 | €6,756 | +€856 | +14.5% |
| Gross operating margin | 9900 | €389,954 | €444,159 | +€54,205 | +13.9% |
| Operating profit (loss) | 9901 | €165,934 | €171,880 | +€5,946 | +3.6% |
| Financial income | 75/76B | €261 | €1,795 | +€1,534 | +587.5% |
| Recurring financial income | 75 | €261 | €1,795 | +€1,534 | +587.5% |
| Financial charges | 65/66B | €28,520 | €51,523 | +€23,002 | +80.7% |
| Recurring financial charges | 65 | €28,520 | €51,523 | +€23,002 | +80.7% |
| Profit (loss) for the period before taxes | 9903 | €137,674 | €122,152 | -€15,522 | -11.3% |
| Income taxes | 67/77 | €44,194 | €38,899 | -€5,294 | -12.0% |
| Profit (loss) for the period | 9904 | €93,481 | €83,253 | -€10,228 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €93,481 | €83,253 | -€10,228 | -10.9% |
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 10 October 2026 via checked.be.