DM-OG: 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-OG
Largest movements
- Cash -€20,062
down €20,062 (-69.3%), from €28,952 to €8,890
mainly Contributions, distributions and other (-€32,500) and Receivables within one year (-€15,336)
- Receivables within one year +€15,336
up €15,336 (+88.0%), from €17,435 to €32,771
of which Trade receivables: +€18,715
- Tangible fixed assets -€12,954
down €12,954 (-25.3%), from €51,197 to €38,243
- Deferred charges and accrued income +€1,701
up €1,701 (+58.0%), from €2,930 to €4,631
- Debts after one year -€9,749
down €9,749 (-32.2%), from €30,278 to €20,529
- Reserves -€7,358
down €7,358 (-16.9%), from €43,423 to €36,064
- Tax, wage and social debts +€1,533
up €1,533 (+16.5%), from €9,302 to €10,835
- Trade debts -€1,260
down €1,260 (-61.3%), from €2,054 to €794
- Gross operating margin +€29,866
up €29,866 (+158.5%), from €18,847 to €48,713
- Taxes +€5,880
up €5,880 (+884.5%), from €665 to €6,544
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 | €102,299 | €86,320 | -€15,979 | -15.6% |
| Fixed assets | 21/28 | €52,982 | €40,028 | -€12,954 | -24.4% |
| Tangible fixed assets | 22/27 | €51,197 | €38,243 | -€12,954 | -25.3% |
| Furniture and vehicles | 24 | €51,197 | €38,243 | -€12,954 | -25.3% |
| Financial fixed assets | 28 | €1,785 | €1,785 | = | 0.0% |
| Current assets | 29/58 | €49,318 | €46,292 | -€3,026 | -6.1% |
| Amounts receivable within one year | 40/41 | €17,435 | €32,771 | +€15,336 | +88.0% |
| Trade receivables | 40 | €12,100 | €30,815 | +€18,715 | +154.7% |
| Other amounts receivable | 41 | €5,335 | €1,956 | -€3,380 | -63.3% |
| Cash at bank and in hand | 54/58 | €28,952 | €8,890 | -€20,062 | -69.3% |
| Deferred charges and accrued income | 490/1 | €2,930 | €4,631 | +€1,701 | +58.0% |
| Total equity and liabilities | 10/49 | €102,299 | €86,320 | -€15,979 | -15.6% |
| Equity | 10/15 | €48,424 | €41,065 | -€7,358 | -15.2% |
| Contributions | 10/11 | €5,001 | €5,001 | = | 0.0% |
| Reserves | 13 | €43,423 | €36,064 | -€7,358 | -16.9% |
| Distributable reserves | 133 | €43,423 | €36,064 | -€7,358 | -16.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,876 | €45,255 | -€8,621 | -16.0% |
| Amounts payable after more than one year | 17 | €30,278 | €20,529 | -€9,749 | -32.2% |
| Financial debts | 170/4 | €30,278 | €20,529 | -€9,749 | -32.2% |
| Amounts payable within one year | 42/48 | €23,598 | €24,511 | +€913 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €9,420 | €9,749 | +€329 | +3.5% |
| Trade debts | 44 | €2,054 | €794 | -€1,260 | -61.3% |
| Suppliers | 440/4 | €2,054 | €794 | -€1,260 | -61.3% |
| Taxes, remuneration and social security | 45 | €9,302 | €10,835 | +€1,533 | +16.5% |
| Taxes | 450/3 | €9,302 | €10,835 | +€1,533 | +16.5% |
| Other amounts payable | 47/48 | €2,821 | €3,133 | +€311 | +11.0% |
| Accrued charges and deferred income | 492/3 | - | €215 | +€215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,375 | €15,035 | -€339 | -2.2% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €18,847 | €48,713 | +€29,866 | +158.5% |
| Operating profit (loss) | 9901 | €2,948 | €33,146 | +€30,198 | +1024.5% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €1,891 | €1,485 | -€406 | -21.5% |
| Recurring financial charges | 65 | €1,891 | €1,485 | -€406 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €1,057 | €31,686 | +€30,629 | +2898.3% |
| Income taxes | 67/77 | €665 | €6,544 | +€5,880 | +884.5% |
| Profit (loss) for the period | 9904 | €392 | €25,142 | +€24,750 | +6312.9% |
| Profit (loss) for the period to be appropriated | 9905 | €392 | €25,142 | +€24,750 | +6312.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.