DM KONSULT: 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 KONSULT
Largest movements
- Tangible fixed assets +€641,099
up €641,099 (+21.9%), from €2.9m to €3.6m
of which Land and buildings: +€662,420
- Cash -€253,289
down €253,289 (-86.2%), from €293,760 to €40,471
mainly Investment in fixed assets (net) (-€727,600) and Other debts (-€208,923)
- Current investments +€150,000
up €150,000 (+29.5%), from €509,000 to €659,000
- Receivables within one year -€75,214
down €75,214 (-17.4%), from €433,408 to €358,194
of which Other amounts receivable: -€73,270
- Reserves +€645,918
up €645,918 (+12.0%), from €5.4m to €6.0m
of which Distributable reserves: +€645,918
- Other debts -€208,923
down €208,923 (-89.6%), from €233,264 to €24,341
- Tax, wage and social debts +€79,857
up €79,857 (+63.9%), from €124,984 to €204,841
- Financial income -€350,902
down €350,902 (-37.5%), from €936,049 to €585,147
- Taxes -€35,355
down €35,355 (-22.1%), from €159,803 to €124,448
- Gross operating margin -€20,644
down €20,644 (-6.9%), from €298,845 to €278,202
- Depreciation +€14,119
up €14,119 (+19.5%), from €72,382 to €86,501
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 | €6,471,836 | €6,951,119 | +€479,283 | +7.4% |
| Fixed assets | 21/28 | €5,231,360 | €5,872,458 | +€641,099 | +12.3% |
| Tangible fixed assets | 22/27 | €2,922,315 | €3,563,414 | +€641,099 | +21.9% |
| Land and buildings | 22 | €2,900,993 | €3,563,414 | +€662,420 | +22.8% |
| Furniture and vehicles | 24 | €21,322 | €0 | -€21,322 | -100.0% |
| Financial fixed assets | 28 | €2,309,045 | €2,309,045 | = | 0.0% |
| Current assets | 29/58 | €1,240,476 | €1,078,661 | -€161,815 | -13.0% |
| Amounts receivable within one year | 40/41 | €433,408 | €358,194 | -€75,214 | -17.4% |
| Trade receivables | 40 | €1,944 | €0 | -€1,944 | -100.0% |
| Other amounts receivable | 41 | €431,464 | €358,194 | -€73,270 | -17.0% |
| Current investments | 50/53 | €509,000 | €659,000 | +€150,000 | +29.5% |
| Cash at bank and in hand | 54/58 | €293,760 | €40,471 | -€253,289 | -86.2% |
| Deferred charges and accrued income | 490/1 | €4,308 | €20,996 | +€16,689 | +387.4% |
| Total equity and liabilities | 10/49 | €6,471,836 | €6,951,119 | +€479,283 | +7.4% |
| Equity | 10/15 | €6,068,255 | €6,714,173 | +€645,918 | +10.6% |
| Contributions | 10/11 | €685,678 | €685,678 | = | 0.0% |
| Reserves | 13 | €5,382,577 | €6,028,494 | +€645,918 | +12.0% |
| Tax-exempt reserves | 132 | €14,839 | €14,839 | = | 0.0% |
| Distributable reserves | 133 | €5,367,737 | €6,013,655 | +€645,918 | +12.0% |
| Amounts payable | 17/49 | €403,581 | €236,946 | -€166,634 | -41.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €378,898 | €236,946 | -€141,951 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €0 | -€16,667 | -100.0% |
| Trade debts | 44 | €3,984 | €7,765 | +€3,781 | +94.9% |
| Suppliers | 440/4 | €3,984 | €7,765 | +€3,781 | +94.9% |
| Taxes, remuneration and social security | 45 | €124,984 | €204,841 | +€79,857 | +63.9% |
| Taxes | 450/3 | €124,984 | €204,841 | +€79,857 | +63.9% |
| Other amounts payable | 47/48 | €233,264 | €24,341 | -€208,923 | -89.6% |
| Accrued charges and deferred income | 492/3 | €24,683 | €0 | -€24,683 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,382 | €86,501 | +€14,119 | +19.5% |
| Other operating charges | 640/8 | €6,133 | €6,239 | +€106 | +1.7% |
| Gross operating margin | 9900 | €298,845 | €278,202 | -€20,644 | -6.9% |
| Operating profit (loss) | 9901 | €220,331 | €185,461 | -€34,869 | -15.8% |
| Financial income | 75/76B | €936,049 | €585,147 | -€350,902 | -37.5% |
| Recurring financial income | 75 | €936,049 | €585,147 | -€350,902 | -37.5% |
| Financial charges | 65/66B | €3,184 | €242 | -€2,942 | -92.4% |
| Recurring financial charges | 65 | €3,184 | €242 | -€2,942 | -92.4% |
| Profit (loss) for the period before taxes | 9903 | €1,153,195 | €770,366 | -€382,830 | -33.2% |
| Income taxes | 67/77 | €159,803 | €124,448 | -€35,355 | -22.1% |
| Profit (loss) for the period | 9904 | €993,392 | €645,918 | -€347,475 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €993,392 | €645,918 | -€347,475 | -35.0% |
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 10 October 2026 via checked.be.