DM CONSULT: 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 CONSULT
Largest movements
- Cash +€179,387
up €179,387 (+126.0%), from €142,394 to €321,781
mainly Net result for the year (+€111,226) and Current investments (+€103,989)
- Current investments -€103,989
down €103,989 (-49.2%), from €211,470 to €107,480
- Receivables after one year -€75,000
down €75,000 (-50.0%), from €150,000 to €75,000
- Tangible fixed assets -€15,813
down €15,813 (-17.5%), from €90,294 to €74,481
of which Land and buildings: -€15,621
- Debts after one year -€18,610
down €18,610 (-70.1%), from €26,555 to €7,945
- Reserves +€12,770
up €12,770 (+2.6%), from €487,300 to €500,070
- Financial income +€8,803
up €8,803 (+337.0%), from €2,612 to €11,416
of which Non-recurring financial income: +€10,576
- Taxes +€3,155
up €3,155 (+7.0%), from €45,325 to €48,480
- Gross operating margin -€2,101
down €2,101 (-1.2%), from €170,702 to €168,601
- Other operating charges -€1,724
down €1,724 (-45.2%), from €3,818 to €2,094
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €630,386 | €617,973 | -€12,413 | -2.0% |
| Fixed assets | 21/28 | €90,294 | €74,481 | -€15,813 | -17.5% |
| Tangible fixed assets | 22/27 | €90,294 | €74,481 | -€15,813 | -17.5% |
| Land and buildings | 22 | €90,064 | €74,443 | -€15,621 | -17.3% |
| Furniture and vehicles | 24 | €230 | €38 | -€192 | -83.3% |
| Current assets | 29/58 | €540,092 | €543,492 | +€3,400 | +0.6% |
| Amounts receivable after more than one year | 29 | €150,000 | €75,000 | -€75,000 | -50.0% |
| Other amounts receivable | 291 | €150,000 | €75,000 | -€75,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €36,229 | €39,231 | +€3,002 | +8.3% |
| Trade receivables | 40 | €36,229 | €39,231 | +€3,002 | +8.3% |
| Current investments | 50/53 | €211,470 | €107,480 | -€103,989 | -49.2% |
| Cash at bank and in hand | 54/58 | €142,394 | €321,781 | +€179,387 | +126.0% |
| Total equity and liabilities | 10/49 | €630,386 | €617,973 | -€12,413 | -2.0% |
| Equity | 10/15 | €534,635 | €547,411 | +€12,776 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €487,300 | €500,070 | +€12,770 | +2.6% |
| Distributable reserves | 133 | €487,300 | €500,070 | +€12,770 | +2.6% |
| Profit (loss) carried forward | 14 | €41,135 | €41,141 | +€6 | 0.0% |
| Amounts payable | 17/49 | €95,751 | €70,562 | -€25,189 | -26.3% |
| Amounts payable after more than one year | 17 | €26,555 | €7,945 | -€18,610 | -70.1% |
| Financial debts | 170/4 | €26,555 | €7,945 | -€18,610 | -70.1% |
| Amounts payable within one year | 42/48 | €68,555 | €61,899 | -€6,657 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €17,980 | €18,610 | +€630 | +3.5% |
| Trade debts | 44 | €85 | €197 | +€112 | +132.3% |
| Suppliers | 440/4 | €85 | €197 | +€112 | +132.3% |
| Taxes, remuneration and social security | 45 | €36,934 | €31,462 | -€5,472 | -14.8% |
| Taxes | 450/3 | €36,934 | €31,462 | -€5,472 | -14.8% |
| Other amounts payable | 47/48 | €13,557 | €11,631 | -€1,927 | -14.2% |
| Accrued charges and deferred income | 492/3 | €640 | €718 | +€78 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,778 | €15,813 | +€35 | +0.2% |
| Other operating charges | 640/8 | €3,818 | €2,094 | -€1,724 | -45.2% |
| Gross operating margin | 9900 | €170,702 | €168,601 | -€2,101 | -1.2% |
| Operating profit (loss) | 9901 | €151,106 | €150,694 | -€413 | -0.3% |
| Financial income | 75/76B | €2,612 | €11,416 | +€8,803 | +337.0% |
| Recurring financial income | 75 | €2,612 | €840 | -€1,773 | -67.9% |
| Non-recurring financial income | 76B | - | €10,576 | +€10,576 | |
| Financial charges | 65/66B | €3,202 | €2,404 | -€798 | -24.9% |
| Recurring financial charges | 65 | €3,202 | €2,404 | -€798 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €150,517 | €159,706 | +€9,189 | +6.1% |
| Income taxes | 67/77 | €45,325 | €48,480 | +€3,155 | +7.0% |
| Profit (loss) for the period | 9904 | €105,192 | €111,226 | +€6,034 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €105,192 | €111,226 | +€6,034 | +5.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.