DM MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments +€450,000
up €450,000 (+23.1%), from €1.9m to €2.4m
- Cash -€67,078
down €67,078 (-47.8%), from €140,267 to €73,189
mainly Current investments (-€450,000) and Other debts (-€65,000)
- Debts after one year +€400,000
up €400,000 (+50.0%), from €800,000 to €1.2m
- Other debts -€65,000
down €65,000 (-19.4%), from €335,000 to €270,000
- Reserves +€50,159
up €50,159 (+5.1%), from €981,153 to €1.0m
- Gross operating margin +€13,523
up €13,523 (+16.7%), from €80,810 to €94,333
- Taxes -€8,104
down €8,104 (-20.0%), from €40,570 to €32,466
- Other operating charges +€1,145
up €1,145 (+46.1%), from €2,481 to €3,625
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 | €2,114,198 | €2,493,071 | +€378,873 | +17.9% |
| Current assets | 29/58 | €2,114,198 | €2,493,071 | +€378,873 | +17.9% |
| Amounts receivable within one year | 40/41 | €22,336 | €16,853 | -€5,483 | -24.5% |
| Trade receivables | 40 | €20,570 | €14,318 | -€6,252 | -30.4% |
| Other amounts receivable | 41 | €1,766 | €2,534 | +€769 | +43.5% |
| Current investments | 50/53 | €1,948,370 | €2,398,370 | +€450,000 | +23.1% |
| Cash at bank and in hand | 54/58 | €140,267 | €73,189 | -€67,078 | -47.8% |
| Deferred charges and accrued income | 490/1 | €3,225 | €4,659 | +€1,434 | +44.5% |
| Total equity and liabilities | 10/49 | €2,114,198 | €2,493,071 | +€378,873 | +17.9% |
| Equity | 10/15 | €940,616 | €990,775 | +€50,159 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €981,153 | €1,031,312 | +€50,159 | +5.1% |
| Distributable reserves | 133 | €981,153 | €1,031,312 | +€50,159 | +5.1% |
| Profit (loss) carried forward | 14 | -€59,137 | -€59,137 | = | 0.0% |
| Amounts payable | 17/49 | €1,173,582 | €1,502,295 | +€328,713 | +28.0% |
| Amounts payable after more than one year | 17 | €800,000 | €1,200,000 | +€400,000 | +50.0% |
| Financial debts | 170/4 | €800,000 | €1,200,000 | +€400,000 | +50.0% |
| Amounts payable within one year | 42/48 | €355,553 | €280,970 | -€74,582 | -21.0% |
| Trade debts | 44 | €11,627 | €2,681 | -€8,946 | -76.9% |
| Suppliers | 440/4 | €11,627 | €2,681 | -€8,946 | -76.9% |
| Taxes, remuneration and social security | 45 | €8,925 | €8,289 | -€636 | -7.1% |
| Taxes | 450/3 | €8,925 | €8,289 | -€636 | -7.1% |
| Other amounts payable | 47/48 | €335,000 | €270,000 | -€65,000 | -19.4% |
| Accrued charges and deferred income | 492/3 | €18,029 | €21,325 | +€3,296 | +18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112 | €0 | -€112 | -100.0% |
| Other operating charges | 640/8 | €2,481 | €3,625 | +€1,145 | +46.1% |
| Gross operating margin | 9900 | €80,810 | €94,333 | +€13,523 | +16.7% |
| Operating profit (loss) | 9901 | €78,217 | €90,708 | +€12,490 | +16.0% |
| Financial charges | 65/66B | €7,535 | €8,083 | +€548 | +7.3% |
| Recurring financial charges | 65 | €7,535 | €8,083 | +€548 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €70,683 | €82,625 | +€11,942 | +16.9% |
| Income taxes | 67/77 | €40,570 | €32,466 | -€8,104 | -20.0% |
| Profit (loss) for the period | 9904 | €30,113 | €50,159 | +€20,046 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,113 | €50,159 | +€20,046 | +66.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.