DM-Projects: what changed
DM-Projects
Largest movements
- Receivables within one year +€20,531
up €20,531 (+542%), from €3,789 to €24,319
of which Trade receivables: +€19,756
- Tangible fixed assets -€12,958
down €12,958 (-76.4%), from €16,971 to €4,013
of which Furniture and vehicles: -€11,928
- Cash -€12,528
down €12,528 (-43.9%), from €28,566 to €16,037
mainly Receivables within one year (-€20,531) and Debts after one year (-€8,384)
- Deferred charges and accrued income -€1,750
down €1,750 (-25.0%), from €7,000 to €5,250
- Trade debts +€9,955
up €9,955 (+647%), from €1,539 to €11,494
- Debts after one year -€8,384
down €8,384 (-53.4%), from €15,698 to €7,315
- Other debts -€4,920
down €4,920 (-68.4%), from €7,189 to €2,269
- Tax, wage and social debts -€4,144
down €4,144 (-28.1%), from €14,731 to €10,588
- Current portion of long-term debt +€832
up €832 (+12.2%), from €6,800 to €7,632
- Gross operating margin -€3,540
down €3,540 (-19.4%), from €18,277 to €14,737
- Depreciation -€2,964
down €2,964 (-18.6%), from €15,922 to €12,958
- Other operating charges +€1,173
new in 2025: €1,173
- Financial charges -€877
down €877 (-52.7%), from €1,666 to €789
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,325 | €49,620 | -€6,705 | -11.9% |
| Fixed assets | 21/28 | €16,971 | €4,013 | -€12,958 | -76.4% |
| Tangible fixed assets | 22/27 | €16,971 | €4,013 | -€12,958 | -76.4% |
| Plant, machinery and equipment | 23 | €2,810 | €1,781 | -€1,029 | -36.6% |
| Furniture and vehicles | 24 | €14,160 | €2,232 | -€11,928 | -84.2% |
| Current assets | 29/58 | €39,354 | €45,607 | +€6,253 | +15.9% |
| Amounts receivable within one year | 40/41 | €3,789 | €24,319 | +€20,531 | +542% |
| Trade receivables | 40 | €1,475 | €21,231 | +€19,756 | +1,340% |
| Other amounts receivable | 41 | €2,314 | €3,089 | +€775 | +33.5% |
| Cash at bank and in hand | 54/58 | €28,566 | €16,037 | -€12,528 | -43.9% |
| Deferred charges and accrued income | 490/1 | €7,000 | €5,250 | -€1,750 | -25.0% |
| Total equity and liabilities | 10/49 | €56,325 | €49,620 | -€6,705 | -11.9% |
| Equity | 10/15 | €10,367 | €10,322 | -€45 | -0.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €367 | €322 | -€45 | -12.1% |
| Distributable reserves | 133 | €367 | €322 | -€45 | -12.1% |
| Amounts payable | 17/49 | €45,958 | €39,297 | -€6,661 | -14.5% |
| Amounts payable after more than one year | 17 | €15,698 | €7,315 | -€8,384 | -53.4% |
| Financial debts | 170/4 | €15,698 | €7,315 | -€8,384 | -53.4% |
| Amounts payable within one year | 42/48 | €30,260 | €31,983 | +€1,723 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €6,800 | €7,632 | +€832 | +12.2% |
| Trade debts | 44 | €1,539 | €11,494 | +€9,955 | +647% |
| Suppliers | 440/4 | €1,539 | €11,494 | +€9,955 | +647% |
| Taxes, remuneration and social security | 45 | €14,731 | €10,588 | -€4,144 | -28.1% |
| Taxes | 450/3 | €14,731 | €10,588 | -€4,144 | -28.1% |
| Other amounts payable | 47/48 | €7,189 | €2,269 | -€4,920 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,922 | €12,958 | -€2,964 | -18.6% |
| Other operating charges | 640/8 | - | €1,173 | +€1,173 | |
| Gross operating margin | 9900 | €18,277 | €14,737 | -€3,540 | -19.4% |
| Operating profit (loss) | 9901 | €2,355 | €606 | -€1,749 | -74.3% |
| Financial income | 75/76B | €278 | €138 | -€140 | -50.2% |
| Recurring financial income | 75 | €278 | €138 | -€140 | -50.2% |
| Financial charges | 65/66B | €1,666 | €789 | -€877 | -52.7% |
| Recurring financial charges | 65 | €1,666 | €789 | -€877 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €967 | -€45 | -€1,011 | |
| Income taxes | 67/77 | €143 | - | -€143 | |
| Profit (loss) for the period | 9904 | €824 | -€45 | -€868 | |
| Profit (loss) for the period to be appropriated | 9905 | €824 | -€45 | -€868 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.