DM De Rese: 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.
What changed
DM De Rese
NACE 73.300, Public relations and communication consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€595,160
2024 · €887,681-€292,521
Equity
€9.7m
2024 · €9.4m+€345,160
Cash
€1.3m
2024 · €493,814+€793,924
Balance sheet total
€10.8m
2024 · €10.6m+€237,004
Largest movements
Assets
- Cash +€793,924
up €793,924 (+161%), from €493,814 to €1.3m
mainly Net result for the year (+€595,160) and Receivables within one year (+€456,511)
- Receivables within one year -€456,511
down €456,511 (-61.2%), from €745,574 to €289,063
of which Other amounts receivable: -€265,470
Equity and liabilities
- Reserves +€345,160
up €345,160 (+6.9%), from €5.0m to €5.3m
of which Distributable reserves: +€345,160
Income statement
- Services and other goods +€201,908
up €201,908 (+44.7%), from €451,704 to €653,612
- Turnover -€147,871
down €147,871 (-9.6%), from €1.5m to €1.4m
- Financial income -€81,602
down €81,602 (-15.8%), from €515,350 to €433,748
- Taxes -€70,340
down €70,340 (-55.9%), from €125,800 to €55,460
of which Taxes: -€70,170
- Staff costs -€51,655
down €51,655 (-12.8%), from €404,986 to €353,331
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.
Result 2024
€887,681
Turnover
-€147,871
Other operating income
+€22,217
Services and other goods
-€201,908
Staff costs
+€51,655
Depreciation
-€230
Other operating charges
-€1,629
Financial income
-€81,602
Financial charges
-€3,494
Taxes
+€70,340
Result 2025
€595,160
raises the resultlowers the result
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.
From operations
+€1.1m
Investment
-€21,662
Financing
-€317,346
Cash 2024
€493,814
From operations (derived)
+€1.1m
Net result for the year
+€595,160
Depreciation
+€122,618
Receivables within one year
+€456,511
Smaller working-capital items
-€1,494
Tax, wage and social debts
-€36,150
Other debts
-€3,713
Investment (derived)
-€21,662
Investment in fixed assets (net)
-€21,662
Financing
-€317,346
Debts after one year
-€70,122
Current portion of long-term debt
+€2,776
Contributions, distributions and other
-€250,000
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,602,421 | €10,839,425 | +€237,004 | +2.2% |
| Fixed assets | 21/28 | €9,335,666 | €9,234,710 | -€100,956 | -1.1% |
| Tangible fixed assets | 22/27 | €3,246,726 | €3,145,770 | -€100,956 | -3.1% |
| Land and buildings | 22 | €3,129,825 | €3,047,802 | -€82,022 | -2.6% |
| Plant, machinery and equipment | 23 | €1,666 | €1,050 | -€616 | -37.0% |
| Furniture and vehicles | 24 | €115,234 | €96,917 | -€18,317 | -15.9% |
| Financial fixed assets | 28 | €6,088,940 | €6,088,940 | = | 0.0% |
| Affiliated companies | 280/1 | €6,088,940 | €6,088,940 | = | 0.0% |
| Participating interests | 280 | €6,088,940 | €6,088,940 | = | 0.0% |
| Current assets | 29/58 | €1,266,755 | €1,604,715 | +€337,959 | +26.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €745,574 | €289,063 | -€456,511 | -61.2% |
| Trade receivables | 40 | €308,272 | €117,232 | -€191,041 | -62.0% |
| Other amounts receivable | 41 | €437,302 | €171,831 | -€265,470 | -60.7% |
| Cash at bank and in hand | 54/58 | €493,814 | €1,287,738 | +€793,924 | +161% |
| Deferred charges and accrued income | 490/1 | €27,367 | €27,914 | +€547 | +2.0% |
| Total equity and liabilities | 10/49 | €10,602,421 | €10,839,425 | +€237,004 | +2.2% |
| Equity | 10/15 | €9,366,318 | €9,711,477 | +€345,160 | +3.7% |
| Contributions | 10/11 | €4,361,610 | €4,361,610 | = | 0.0% |
| Reserves | 13 | €5,004,708 | €5,349,867 | +€345,160 | +6.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €109 | €109 | = | 0.0% |
| Distributable reserves | 133 | €5,004,598 | €5,349,758 | +€345,160 | +6.9% |
| Amounts payable | 17/49 | €1,236,104 | €1,127,948 | -€108,156 | -8.7% |
| Amounts payable after more than one year | 17 | €212,701 | €142,579 | -€70,122 | -33.0% |
| Financial debts | 170/4 | €212,701 | €142,579 | -€70,122 | -33.0% |
| Credit institutions | 173 | €212,701 | €142,579 | -€70,122 | -33.0% |
| Amounts payable within one year | 42/48 | €1,022,443 | €985,339 | -€37,104 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €67,346 | €70,122 | +€2,776 | +4.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €86,685 | €86,668 | -€17 | 0.0% |
| Suppliers | 440/4 | €86,685 | €86,668 | -€17 | 0.0% |
| Taxes, remuneration and social security | 45 | €131,762 | €95,611 | -€36,150 | -27.4% |
| Taxes | 450/3 | €89,061 | €51,116 | -€37,945 | -42.6% |
| Remuneration and social security | 454/9 | €42,701 | €44,496 | +€1,795 | +4.2% |
| Other amounts payable | 47/48 | €736,650 | €732,938 | -€3,713 | -0.5% |
| Accrued charges and deferred income | 492/3 | €960 | €30 | -€930 | -96.9% |
| Operating income | 70/76A | €1,550,832 | €1,425,177 | -€125,654 | -8.1% |
| Turnover | 70 | €1,532,950 | €1,385,079 | -€147,871 | -9.6% |
| Other operating income | 74 | €17,882 | €40,099 | +€22,217 | +124% |
| Operating charges | 60/66A | €1,012,164 | €1,164,276 | +€152,111 | +15.0% |
| Services and other goods | 61 | €451,704 | €653,612 | +€201,908 | +44.7% |
| Remuneration, social security and pensions | 62 | €404,986 | €353,331 | -€51,655 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,388 | €122,618 | +€230 | +0.2% |
| Other operating charges | 640/8 | €33,085 | €34,714 | +€1,629 | +4.9% |
| Operating profit (loss) | 9901 | €538,667 | €260,902 | -€277,766 | -51.6% |
| Financial income | 75/76B | €515,350 | €433,748 | -€81,602 | -15.8% |
| Recurring financial income | 75 | €515,350 | €433,748 | -€81,602 | -15.8% |
| Income from financial fixed assets | 750 | €515,350 | €433,000 | -€82,350 | -16.0% |
| Income from current assets | 751 | - | €461 | +€461 | |
| Other financial income | 752/9 | €0 | €287 | +€287 | |
| Financial charges | 65/66B | €40,537 | €44,031 | +€3,494 | +8.6% |
| Recurring financial charges | 65 | €40,537 | €44,031 | +€3,494 | +8.6% |
| Debt charges | 650 | €39,664 | €43,054 | +€3,390 | +8.5% |
| Other financial charges | 652/9 | €873 | €977 | +€104 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €1,013,481 | €650,619 | -€362,861 | -35.8% |
| Income taxes | 67/77 | €125,800 | €55,460 | -€70,340 | -55.9% |
| Taxes | 670/3 | €125,800 | €55,630 | -€70,170 | -55.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €170 | +€170 | |
| Profit (loss) for the period | 9904 | €887,681 | €595,160 | -€292,521 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €887,681 | €595,160 | -€292,521 | -33.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.