DM&JB: 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&JB
Largest movements
- Cash +€2,796
up €2,796 (+108%), from €2,591 to €5,386
mainly Other debts (+€11,533) and Depreciation (+€1,549)
- Tangible fixed assets -€559
down €559 (-16.7%), from €3,337 to €2,778
of which Plant, machinery and equipment: -€1,353
- Stocks and contracts -€381
down €381 (-8.5%), from €4,472 to €4,091
- Financial fixed assets +€306
up €306 (+5.6%), from €5,490 to €5,796
- Profit (loss) carried forward -€12,200
down €12,200 (-86.2%), from -€14,149 to -€26,349
- Other debts +€11,533
up €11,533 (+39.0%), from €29,545 to €41,078
- Trade debts +€1,501
up €1,501 (+229%), from €656 to €2,157
- Tax, wage and social debts +€1,191
new in 2025: €1,191
of which Remuneration and social security: +€777
- Purchases and services +€49,611
up €49,611 (+87.4%), from €56,772 to €106,383
- Gross operating margin +€12,330
up €12,330, from -€12,318 to €13
- Staff costs +€9,604
new in 2025: €9,604
- Depreciation +€785
up €785 (+103%), from €764 to €1,549
- Other operating charges -€152
down €152 (-17.8%), from €850 to €698
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,552 | €18,577 | +€2,025 | +12.2% |
| Fixed assets | 21/28 | €8,827 | €8,574 | -€253 | -2.9% |
| Tangible fixed assets | 22/27 | €3,337 | €2,778 | -€559 | -16.7% |
| Plant, machinery and equipment | 23 | €3,337 | €1,983 | -€1,353 | -40.6% |
| Furniture and vehicles | 24 | - | €795 | +€795 | |
| Financial fixed assets | 28 | €5,490 | €5,796 | +€306 | +5.6% |
| Current assets | 29/58 | €7,725 | €10,003 | +€2,278 | +29.5% |
| Stocks and contracts in progress | 3 | €4,472 | €4,091 | -€381 | -8.5% |
| Stocks | 30/36 | €4,472 | €4,091 | -€381 | -8.5% |
| Amounts receivable within one year | 40/41 | €663 | €526 | -€137 | -20.7% |
| Trade receivables | 40 | - | €71 | +€71 | |
| Other amounts receivable | 41 | €663 | €455 | -€208 | -31.4% |
| Cash at bank and in hand | 54/58 | €2,591 | €5,386 | +€2,796 | +108% |
| Total equity and liabilities | 10/49 | €16,552 | €18,577 | +€2,025 | +12.2% |
| Equity | 10/15 | -€13,649 | -€25,849 | -€12,200 | -89.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,149 | -€26,349 | -€12,200 | -86.2% |
| Amounts payable | 17/49 | €30,201 | €44,426 | +€14,225 | +47.1% |
| Amounts payable within one year | 42/48 | €30,201 | €44,426 | +€14,225 | +47.1% |
| Trade debts | 44 | €656 | €2,157 | +€1,501 | +229% |
| Suppliers | 440/4 | €656 | €2,157 | +€1,501 | +229% |
| Taxes, remuneration and social security | 45 | - | €1,191 | +€1,191 | |
| Taxes | 450/3 | - | €414 | +€414 | |
| Remuneration and social security | 454/9 | - | €777 | +€777 | |
| Other amounts payable | 47/48 | €29,545 | €41,078 | +€11,533 | +39.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €56,772 | €106,383 | +€49,611 | +87.4% |
| Remuneration, social security and pensions | 62 | - | €9,604 | +€9,604 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €764 | €1,549 | +€785 | +103% |
| Other operating charges | 640/8 | €850 | €698 | -€152 | -17.8% |
| Gross operating margin | 9900 | -€12,318 | €13 | +€12,330 | |
| Operating profit (loss) | 9901 | -€13,932 | -€11,839 | +€2,092 | +15.0% |
| Financial charges | 65/66B | €218 | €360 | +€143 | +65.6% |
| Recurring financial charges | 65 | €218 | €360 | +€143 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,149 | -€12,200 | +€1,950 | +13.8% |
| Profit (loss) for the period | 9904 | -€14,149 | -€12,200 | +€1,950 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,149 | -€12,200 | +€1,950 | +13.8% |
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 13 October 2026 via checked.be.