DM PROJECTEN: 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 PROJECTEN
Largest movements
- Stocks and contracts +€591,208
up €591,208 (+273%), from €216,685 to €807,893
- Receivables within one year -€302,288
down €302,288 (-89.8%), from €336,681 to €34,393
of which Trade receivables: -€276,364
- Cash +€15,200
new in 2025: €15,200
mainly Receivables within one year (+€302,288) and Debts after one year (+€254,107)
- Debts after one year +€254,107
up €254,107 (+1,271%), from €20,000 to €274,107
- Trade debts +€112,961
up €112,961 (+1,060%), from €10,660 to €123,621
- Short-term financial debts -€39,254
down €39,254 (-55.1%), from €71,300 to €32,046
- Tax, wage and social debts -€15,148
down €15,148 (-46.2%), from €32,795 to €17,647
- Other debts -€10,108
down €10,108 (-5.9%), from €172,041 to €161,933
- Purchases and services -€236,810
down €236,810 (-75.7%), from €312,962 to €76,151
- Gross operating margin +€82,422
up €82,422 (+91.5%), from €90,053 to €172,475
- Taxes +€22,898
up €22,898 (+135%), from €17,012 to €39,910
- Financial charges +€8,063
up €8,063 (+171%), from €4,723 to €12,786
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 | €553,366 | €857,486 | +€304,121 | +55.0% |
| Current assets | 29/58 | €553,366 | €857,486 | +€304,121 | +55.0% |
| Stocks and contracts in progress | 3 | €216,685 | €807,893 | +€591,208 | +273% |
| Stocks | 30/36 | €216,685 | €807,893 | +€591,208 | +273% |
| Amounts receivable within one year | 40/41 | €336,681 | €34,393 | -€302,288 | -89.8% |
| Trade receivables | 40 | €277,313 | €948 | -€276,364 | -99.7% |
| Other amounts receivable | 41 | €59,368 | €33,444 | -€25,924 | -43.7% |
| Cash at bank and in hand | 54/58 | - | €15,200 | +€15,200 | |
| Total equity and liabilities | 10/49 | €553,366 | €857,486 | +€304,121 | +55.0% |
| Equity | 10/15 | €246,569 | €248,132 | +€1,563 | +0.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,569 | €243,132 | +€1,563 | +0.6% |
| Amounts payable | 17/49 | €306,797 | €609,355 | +€302,558 | +98.6% |
| Amounts payable after more than one year | 17 | €20,000 | €274,107 | +€254,107 | +1,271% |
| Financial debts | 170/4 | €20,000 | €274,107 | +€254,107 | +1,271% |
| Amounts payable within one year | 42/48 | €286,797 | €335,247 | +€48,451 | +16.9% |
| Financial debts | 43 | €71,300 | €32,046 | -€39,254 | -55.1% |
| Credit institutions | 430/8 | €71,300 | €32,046 | -€39,254 | -55.1% |
| Trade debts | 44 | €10,660 | €123,621 | +€112,961 | +1,060% |
| Suppliers | 440/4 | €10,660 | €123,621 | +€112,961 | +1,060% |
| Taxes, remuneration and social security | 45 | €32,795 | €17,647 | -€15,148 | -46.2% |
| Taxes | 450/3 | €32,795 | €17,647 | -€15,148 | -46.2% |
| Other amounts payable | 47/48 | €172,041 | €161,933 | -€10,108 | -5.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €312,962 | €76,151 | -€236,810 | -75.7% |
| Other operating charges | 640/8 | €555 | €570 | +€14 | +2.6% |
| Gross operating margin | 9900 | €90,053 | €172,475 | +€82,422 | +91.5% |
| Operating profit (loss) | 9901 | €89,498 | €171,905 | +€82,408 | +92.1% |
| Financial income | 75/76B | €135 | €0 | -€135 | -99.9% |
| Recurring financial income | 75 | €135 | €0 | -€135 | -99.9% |
| Financial charges | 65/66B | €4,723 | €12,786 | +€8,063 | +171% |
| Recurring financial charges | 65 | €4,723 | €12,786 | +€8,063 | +171% |
| Profit (loss) for the period before taxes | 9903 | €84,910 | €159,120 | +€74,210 | +87.4% |
| Income taxes | 67/77 | €17,012 | €39,910 | +€22,898 | +135% |
| Profit (loss) for the period | 9904 | €67,898 | €119,210 | +€51,311 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,898 | €119,210 | +€51,311 | +75.6% |
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 23 October 2026 via checked.be.