DM - Line: 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 - Line
Largest movements
- Current investments +€499,529
new in 2025: €499,529
- Cash -€487,957
down €487,957 (-44.8%), from €1.1m to €600,993
mainly Current investments (-€499,529) and Debts after one year (-€158,921)
- Tangible fixed assets -€186,299
down €186,299 (-31.6%), from €589,660 to €403,361
of which Furniture and vehicles: -€119,973
- Receivables within one year +€39,802
up €39,802 (+12.4%), from €320,293 to €360,095
of which Trade receivables: +€71,957
- Debts after one year -€158,921
down €158,921 (-41.0%), from €387,565 to €228,644
- Advances received +€108,117
up €108,117 (+62.4%), from €173,304 to €281,421
- Other debts -€44,375
down €44,375 (-50.0%), from €88,750 to €44,375
- Current portion of long-term debt -€30,893
down €30,893 (-16.1%), from €191,289 to €160,396
- Gross operating margin -€223,187
down €223,187 (-8.0%), from €2.8m to €2.6m
- Staff costs -€68,135
down €68,135 (-3.0%), from €2.2m to €2.2m
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 | €2,657,617 | €2,529,639 | -€127,978 | -4.8% |
| Fixed assets | 21/28 | €1,089,984 | €903,685 | -€186,299 | -17.1% |
| Tangible fixed assets | 22/27 | €589,660 | €403,361 | -€186,299 | -31.6% |
| Land and buildings | 22 | €5,390 | €6,222 | +€832 | +15.4% |
| Plant, machinery and equipment | 23 | €118,632 | €61,977 | -€56,655 | -47.8% |
| Furniture and vehicles | 24 | €413,835 | €293,862 | -€119,973 | -29.0% |
| Other tangible fixed assets | 26 | €51,803 | €41,299 | -€10,504 | -20.3% |
| Financial fixed assets | 28 | €500,324 | €500,324 | = | 0.0% |
| Current assets | 29/58 | €1,567,633 | €1,625,955 | +€58,322 | +3.7% |
| Stocks and contracts in progress | 3 | €153,141 | €165,338 | +€12,196 | +8.0% |
| Stocks | 30/36 | €153,141 | €165,338 | +€12,196 | +8.0% |
| Amounts receivable within one year | 40/41 | €320,293 | €360,095 | +€39,802 | +12.4% |
| Trade receivables | 40 | €237,964 | €309,921 | +€71,957 | +30.2% |
| Other amounts receivable | 41 | €82,328 | €50,173 | -€32,155 | -39.1% |
| Current investments | 50/53 | - | €499,529 | +€499,529 | |
| Cash at bank and in hand | 54/58 | €1,088,950 | €600,993 | -€487,957 | -44.8% |
| Deferred charges and accrued income | 490/1 | €5,249 | - | -€5,249 | |
| Total equity and liabilities | 10/49 | €2,657,617 | €2,529,639 | -€127,978 | -4.8% |
| Equity | 10/15 | €1,434,072 | €1,458,702 | +€24,630 | +1.7% |
| Contributions | 10/11 | €58,255 | €58,255 | = | 0.0% |
| Reserves | 13 | €1,375,817 | €1,400,447 | +€24,630 | +1.8% |
| Distributable reserves | 133 | €1,375,817 | €1,400,447 | +€24,630 | +1.8% |
| Amounts payable | 17/49 | €1,223,545 | €1,070,937 | -€152,608 | -12.5% |
| Amounts payable after more than one year | 17 | €387,565 | €228,644 | -€158,921 | -41.0% |
| Financial debts | 170/4 | €387,565 | €228,644 | -€158,921 | -41.0% |
| Amounts payable within one year | 42/48 | €812,585 | €838,216 | +€25,630 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €191,289 | €160,396 | -€30,893 | -16.1% |
| Trade debts | 44 | €207,654 | €197,553 | -€10,102 | -4.9% |
| Suppliers | 440/4 | €207,654 | €197,553 | -€10,102 | -4.9% |
| Advances received on contracts in progress | 46 | €173,304 | €281,421 | +€108,117 | +62.4% |
| Taxes, remuneration and social security | 45 | €151,588 | €154,471 | +€2,883 | +1.9% |
| Taxes | 450/3 | - | €5,625 | +€5,625 | |
| Remuneration and social security | 454/9 | €151,588 | €148,846 | -€2,742 | -1.8% |
| Other amounts payable | 47/48 | €88,750 | €44,375 | -€44,375 | -50.0% |
| Accrued charges and deferred income | 492/3 | €23,395 | €4,077 | -€19,318 | -82.6% |
| Non-recurring operating income | 76A | €18,199 | - | -€18,199 | |
| Remuneration, social security and pensions | 62 | €2,244,387 | €2,176,252 | -€68,135 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272,633 | €254,956 | -€17,677 | -6.5% |
| Other operating charges | 640/8 | €53,721 | €29,717 | -€24,004 | -44.7% |
| Non-recurring operating charges | 66A | €9,170 | - | -€9,170 | |
| Gross operating margin | 9900 | €2,805,863 | €2,582,676 | -€223,187 | -8.0% |
| Operating profit (loss) | 9901 | €225,953 | €121,752 | -€104,201 | -46.1% |
| Financial income | 75/76B | €51,725 | €51,167 | -€558 | -1.1% |
| Recurring financial income | 75 | €51,725 | €51,167 | -€558 | -1.1% |
| Financial charges | 65/66B | €32,247 | €24,798 | -€7,448 | -23.1% |
| Recurring financial charges | 65 | €32,247 | €24,798 | -€7,448 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €245,431 | €148,120 | -€97,311 | -39.6% |
| Income taxes | 67/77 | €94,946 | €73,490 | -€21,457 | -22.6% |
| Profit (loss) for the period | 9904 | €150,484 | €74,630 | -€75,854 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €150,484 | €74,630 | -€75,854 | -50.4% |
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.