DM - DE MEYER: 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 - DE MEYER
Largest movements
- Cash +€80,827
up €80,827 (+17.9%), from €450,774 to €531,601
mainly Net result for the year (+€158,670) and Depreciation (+€32,983)
- Tangible fixed assets -€18,912
down €18,912 (-6.8%), from €277,763 to €258,851
of which Land and buildings: -€11,873
- Receivables within one year +€9,718
up €9,718 (+19.4%), from €50,184 to €59,902
of which Trade receivables: +€15,683
- Reserves +€97,925
up €97,925 (+15.6%), from €627,870 to €725,795
of which Distributable reserves: +€97,925
- Debts after one year -€19,128
down €19,128 (-22.4%), from €85,459 to €66,331
- Other debts +€10,177
up €10,177 (+1474.2%), from €690 to €10,867
- Current portion of long-term debt -€8,989
down €8,989 (-30.1%), from €29,891 to €20,902
- Tax, wage and social debts -€8,942
down €8,942 (-40.3%), from €22,170 to €13,229
of which Remuneration and social security: -€4,950
- Gross operating margin +€27,258
up €27,258 (+11.1%), from €245,727 to €272,984
- Taxes +€13,330
up €13,330 (+23.7%), from €56,212 to €69,542
- Depreciation -€10,121
down €10,121 (-23.5%), from €43,105 to €32,983
- Staff costs -€5,788
down €5,788 (-86.4%), from €6,698 to €910
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 | €804,653 | €875,594 | +€70,941 | +8.8% |
| Fixed assets | 21/28 | €277,863 | €258,951 | -€18,912 | -6.8% |
| Tangible fixed assets | 22/27 | €277,763 | €258,851 | -€18,912 | -6.8% |
| Land and buildings | 22 | €248,011 | €236,138 | -€11,873 | -4.8% |
| Plant, machinery and equipment | 23 | €972 | €729 | -€243 | -25.0% |
| Furniture and vehicles | 24 | €7,431 | €10,022 | +€2,591 | +34.9% |
| Leasing and similar rights | 25 | €18,393 | €9,513 | -€8,880 | -48.3% |
| Other tangible fixed assets | 26 | €2,956 | €2,449 | -€507 | -17.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €526,790 | €616,643 | +€89,853 | +17.1% |
| Stocks and contracts in progress | 3 | €20,540 | €19,892 | -€648 | -3.2% |
| Stocks | 30/36 | €20,540 | €19,892 | -€648 | -3.2% |
| Amounts receivable within one year | 40/41 | €50,184 | €59,902 | +€9,718 | +19.4% |
| Trade receivables | 40 | €40,175 | €55,858 | +€15,683 | +39.0% |
| Other amounts receivable | 41 | €10,009 | €4,044 | -€5,965 | -59.6% |
| Cash at bank and in hand | 54/58 | €450,774 | €531,601 | +€80,827 | +17.9% |
| Deferred charges and accrued income | 490/1 | €5,292 | €5,248 | -€44 | -0.8% |
| Total equity and liabilities | 10/49 | €804,653 | €875,594 | +€70,941 | +8.8% |
| Equity | 10/15 | €647,111 | €745,037 | +€97,925 | +15.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €627,870 | €725,795 | +€97,925 | +15.6% |
| Non-distributable reserves | 130/1 | €10,952 | €10,952 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,952 | €10,952 | = | 0.0% |
| Distributable reserves | 133 | €616,917 | €714,842 | +€97,925 | +15.9% |
| Profit (loss) carried forward | 14 | €650 | €650 | = | 0.0% |
| Amounts payable | 17/49 | €157,542 | €130,557 | -€26,984 | -17.1% |
| Amounts payable after more than one year | 17 | €85,459 | €66,331 | -€19,128 | -22.4% |
| Financial debts | 170/4 | €85,459 | €66,331 | -€19,128 | -22.4% |
| Amounts payable within one year | 42/48 | €72,029 | €64,226 | -€7,803 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €29,891 | €20,902 | -€8,989 | -30.1% |
| Trade debts | 44 | €19,278 | €19,229 | -€49 | -0.3% |
| Suppliers | 440/4 | €19,278 | €19,229 | -€49 | -0.3% |
| Taxes, remuneration and social security | 45 | €22,170 | €13,229 | -€8,942 | -40.3% |
| Taxes | 450/3 | €17,220 | €13,229 | -€3,991 | -23.2% |
| Remuneration and social security | 454/9 | €4,950 | €0 | -€4,950 | -100.0% |
| Other amounts payable | 47/48 | €690 | €10,867 | +€10,177 | +1474.2% |
| Accrued charges and deferred income | 492/3 | €54 | €0 | -€54 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €6,698 | €910 | -€5,788 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,105 | €32,983 | -€10,121 | -23.5% |
| Other operating charges | 640/8 | €7,527 | €8,096 | +€569 | +7.6% |
| Gross operating margin | 9900 | €245,727 | €272,984 | +€27,258 | +11.1% |
| Operating profit (loss) | 9901 | €188,398 | €230,995 | +€42,598 | +22.6% |
| Financial income | 75/76B | €3,498 | €1,716 | -€1,782 | -50.9% |
| Recurring financial income | 75 | €3,498 | €1,716 | -€1,782 | -50.9% |
| Financial charges | 65/66B | €6,010 | €4,499 | -€1,511 | -25.1% |
| Recurring financial charges | 65 | €6,010 | €4,499 | -€1,511 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €185,885 | €228,212 | +€42,327 | +22.8% |
| Income taxes | 67/77 | €56,212 | €69,542 | +€13,330 | +23.7% |
| Profit (loss) for the period | 9904 | €129,673 | €158,670 | +€28,996 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €129,673 | €158,670 | +€28,996 | +22.4% |
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 6 October 2026 via checked.be.