DM&G: 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&G
Largest movements
- Tangible fixed assets -€15,478
down €15,478 (-16.6%), from €93,004 to €77,526
of which Leasing and similar rights: -€8,587
- Cash +€1,681
up €1,681 (+26.2%), from €6,415 to €8,097
mainly Depreciation (+€16,865) and Net result for the year (+€2,401)
- Debts after one year -€11,987
down €11,987 (-16.4%), from €73,023 to €61,036
- Other debts -€2,959
down €2,959 (-24.4%), from €12,129 to €9,170
- Reserves +€2,401
up €2,401 (+23.2%), from €10,354 to €12,755
- Current portion of long-term debt +€1,351
up €1,351 (+12.7%), from €10,636 to €11,987
- Turnover +€21,742
up €21,742 (+22.0%), from €98,875 to €120,618
- Purchases and services +€12,767
up €12,767 (+15.3%), from €83,349 to €96,116
- Depreciation +€9,894
up €9,894 (+141.9%), from €6,971 to €16,865
- Gross operating margin +€9,236
up €9,236 (+58.6%), from €15,755 to €24,991
- Financial charges +€1,328
up €1,328 (+61.9%), from €2,145 to €3,473
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 | €110,729 | €98,887 | -€11,841 | -10.7% |
| Fixed assets | 21/28 | €93,004 | €77,526 | -€15,478 | -16.6% |
| Tangible fixed assets | 22/27 | €93,004 | €77,526 | -€15,478 | -16.6% |
| Land and buildings | 22 | €37,829 | €35,010 | -€2,819 | -7.5% |
| Plant, machinery and equipment | 23 | €566 | €361 | -€205 | -36.2% |
| Furniture and vehicles | 24 | €6,027 | €3,824 | -€2,204 | -36.6% |
| Leasing and similar rights | 25 | €42,089 | €33,503 | -€8,587 | -20.4% |
| Other tangible fixed assets | 26 | €6,492 | €4,829 | -€1,664 | -25.6% |
| Current assets | 29/58 | €17,725 | €21,361 | +€3,636 | +20.5% |
| Stocks and contracts in progress | 3 | €2,970 | €4,033 | +€1,063 | +35.8% |
| Stocks | 30/36 | €2,970 | €4,033 | +€1,063 | +35.8% |
| Amounts receivable within one year | 40/41 | €8,064 | €8,471 | +€407 | +5.1% |
| Trade receivables | 40 | €7,456 | €8,305 | +€849 | +11.4% |
| Other amounts receivable | 41 | €608 | €166 | -€441 | -72.6% |
| Cash at bank and in hand | 54/58 | €6,415 | €8,097 | +€1,681 | +26.2% |
| Deferred charges and accrued income | 490/1 | €276 | €761 | +€485 | +175.7% |
| Total equity and liabilities | 10/49 | €110,729 | €98,887 | -€11,841 | -10.7% |
| Equity | 10/15 | €11,354 | €13,755 | +€2,401 | +21.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,354 | €12,755 | +€2,401 | +23.2% |
| Distributable reserves | 133 | €10,354 | €12,755 | +€2,401 | +23.2% |
| Amounts payable | 17/49 | €99,374 | €85,132 | -€14,242 | -14.3% |
| Amounts payable after more than one year | 17 | €73,023 | €61,036 | -€11,987 | -16.4% |
| Financial debts | 170/4 | €73,023 | €61,036 | -€11,987 | -16.4% |
| Amounts payable within one year | 42/48 | €26,014 | €24,096 | -€1,918 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €10,636 | €11,987 | +€1,351 | +12.7% |
| Trade debts | 44 | €2,186 | €1,817 | -€370 | -16.9% |
| Suppliers | 440/4 | €2,186 | €1,817 | -€370 | -16.9% |
| Taxes, remuneration and social security | 45 | €1,062 | €1,122 | +€60 | +5.7% |
| Taxes | 450/3 | €1,062 | €1,122 | +€60 | +5.7% |
| Other amounts payable | 47/48 | €12,129 | €9,170 | -€2,959 | -24.4% |
| Accrued charges and deferred income | 492/3 | €337 | - | -€337 | |
| Turnover | 70 | €98,875 | €120,618 | +€21,742 | +22.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €83,349 | €96,116 | +€12,767 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,971 | €16,865 | +€9,894 | +141.9% |
| Other operating charges | 640/8 | €372 | €372 | +€0 | +0.1% |
| Gross operating margin | 9900 | €15,755 | €24,991 | +€9,236 | +58.6% |
| Operating profit (loss) | 9901 | €8,412 | €7,754 | -€658 | -7.8% |
| Financial income | 75/76B | €103 | €389 | +€286 | +277.0% |
| Recurring financial income | 75 | €103 | €389 | +€286 | +277.0% |
| Financial charges | 65/66B | €2,145 | €3,473 | +€1,328 | +61.9% |
| Recurring financial charges | 65 | €2,145 | €3,473 | +€1,328 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | €6,370 | €4,671 | -€1,700 | -26.7% |
| Income taxes | 67/77 | €1,682 | €2,270 | +€588 | +35.0% |
| Profit (loss) for the period | 9904 | €4,689 | €2,401 | -€2,288 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,689 | €2,401 | -€2,288 | -48.8% |
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.