DM Projects: 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 Projects
Largest movements
- Cash +€123,008
up €123,008 (+152%), from €80,790 to €203,798
mainly Net result for the year (+€92,068) and Receivables within one year (+€69,354)
- Receivables within one year -€69,354
down €69,354 (-72.5%), from €95,658 to €26,304
of which Trade receivables: -€62,368
- Reserves +€92,068
up €92,068 (+76.3%), from €120,682 to €212,750
- Other debts -€29,729
down €29,729 (-73.7%), from €40,324 to €10,595
- Trade debts +€16,934
up €16,934 (+36.4%), from €46,537 to €63,471
- Tax, wage and social debts -€14,779
down €14,779 (-83.2%), from €17,756 to €2,977
of which Taxes: -€15,399
- Debts after one year -€12,452
down €12,452 (-14.2%), from €87,613 to €75,161
- Gross operating margin +€84,678
up €84,678 (+126%), from €67,438 to €152,116
- Taxes +€7,649
up €7,649 (+67.6%), from €11,308 to €18,956
- Staff costs +€5,127
up €5,127 (+44.3%), from €11,585 to €16,712
- Depreciation +€4,005
up €4,005 (+36.7%), from €10,904 to €14,909
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 | €345,323 | €399,960 | +€54,637 | +15.8% |
| Fixed assets | 21/28 | €147,724 | €149,762 | +€2,038 | +1.4% |
| Tangible fixed assets | 22/27 | €147,724 | €149,762 | +€2,038 | +1.4% |
| Land and buildings | 22 | €137,575 | €132,084 | -€5,490 | -4.0% |
| Plant, machinery and equipment | 23 | €2,649 | €3,290 | +€641 | +24.2% |
| Furniture and vehicles | 24 | €7,500 | €14,387 | +€6,887 | +91.8% |
| Current assets | 29/58 | €197,599 | €250,198 | +€52,599 | +26.6% |
| Stocks and contracts in progress | 3 | €16,207 | €15,747 | -€460 | -2.8% |
| Stocks | 30/36 | €16,207 | €15,747 | -€460 | -2.8% |
| Amounts receivable within one year | 40/41 | €95,658 | €26,304 | -€69,354 | -72.5% |
| Trade receivables | 40 | €82,929 | €20,561 | -€62,368 | -75.2% |
| Other amounts receivable | 41 | €12,729 | €5,743 | -€6,986 | -54.9% |
| Cash at bank and in hand | 54/58 | €80,790 | €203,798 | +€123,008 | +152% |
| Deferred charges and accrued income | 490/1 | €4,945 | €4,349 | -€596 | -12.1% |
| Total equity and liabilities | 10/49 | €345,323 | €399,960 | +€54,637 | +15.8% |
| Equity | 10/15 | €139,282 | €231,350 | +€92,068 | +66.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €120,682 | €212,750 | +€92,068 | +76.3% |
| Distributable reserves | 133 | €120,682 | €212,750 | +€92,068 | +76.3% |
| Amounts payable | 17/49 | €206,041 | €168,610 | -€37,431 | -18.2% |
| Amounts payable after more than one year | 17 | €87,613 | €75,161 | -€12,452 | -14.2% |
| Financial debts | 170/4 | €87,613 | €75,161 | -€12,452 | -14.2% |
| Amounts payable within one year | 42/48 | €116,814 | €90,489 | -€26,325 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €12,163 | €12,452 | +€289 | +2.4% |
| Financial debts | 43 | €35 | €995 | +€960 | +2,745% |
| Credit institutions | 430/8 | €35 | €995 | +€960 | +2,745% |
| Trade debts | 44 | €46,537 | €63,471 | +€16,934 | +36.4% |
| Suppliers | 440/4 | €46,537 | €63,471 | +€16,934 | +36.4% |
| Taxes, remuneration and social security | 45 | €17,756 | €2,977 | -€14,779 | -83.2% |
| Taxes | 450/3 | €15,903 | €504 | -€15,399 | -96.8% |
| Remuneration and social security | 454/9 | €1,853 | €2,474 | +€620 | +33.5% |
| Other amounts payable | 47/48 | €40,324 | €10,595 | -€29,729 | -73.7% |
| Accrued charges and deferred income | 492/3 | €1,614 | €2,960 | +€1,346 | +83.4% |
| Remuneration, social security and pensions | 62 | €11,585 | €16,712 | +€5,127 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,904 | €14,909 | +€4,005 | +36.7% |
| Other operating charges | 640/8 | €2,942 | €2,087 | -€855 | -29.1% |
| Non-recurring operating charges | 66A | - | €609 | +€609 | |
| Gross operating margin | 9900 | €67,438 | €152,116 | +€84,678 | +126% |
| Operating profit (loss) | 9901 | €42,006 | €117,798 | +€75,792 | +180% |
| Financial income | 75/76B | €323 | €53 | -€269 | -83.4% |
| Recurring financial income | 75 | €323 | €53 | -€269 | -83.4% |
| Financial charges | 65/66B | €6,002 | €6,828 | +€825 | +13.8% |
| Recurring financial charges | 65 | €6,002 | €6,828 | +€825 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €36,326 | €111,024 | +€74,698 | +206% |
| Income taxes | 67/77 | €11,308 | €18,956 | +€7,649 | +67.6% |
| Profit (loss) for the period | 9904 | €25,019 | €92,068 | +€67,049 | +268% |
| Profit (loss) for the period to be appropriated | 9905 | €25,019 | €92,068 | +€67,049 | +268% |
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 13 October 2026 via checked.be.