DM-SIX: 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-SIX
Largest movements
- Stocks and contracts +€110,000
up €110,000 (+74.2%), from €148,208 to €258,208
- Tangible fixed assets -€70,555
down €70,555 (-3.4%), from €2.1m to €2.0m
of which Land and buildings: -€78,793
- Other debts +€247,211
up €247,211 (+55.3%), from €446,924 to €694,135
- Trade debts -€132,859
down €132,859 (-98.3%), from €135,196 to €2,337
- Profit (loss) carried forward -€107,674
down €107,674 (-25.6%), from -€421,294 to -€528,969
- Other operating charges +€9,832
up €9,832 (+162.5%), from €6,051 to €15,882
- Financial charges +€2,057
up €2,057 (+1120.5%), from €184 to €2,241
- Depreciation +€922
up €922 (+1.1%), from €80,993 to €81,915
- Gross operating margin -€689
down €689 (-10.4%), from -€6,638 to -€7,327
- Taxes -€459
down €459 (-59.7%), from €770 to €310
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 | €2,282,587 | €2,289,770 | +€7,184 | +0.3% |
| Fixed assets | 21/28 | €2,087,938 | €2,017,384 | -€70,555 | -3.4% |
| Tangible fixed assets | 22/27 | €2,068,738 | €1,998,184 | -€70,555 | -3.4% |
| Land and buildings | 22 | €2,046,946 | €1,968,154 | -€78,793 | -3.8% |
| Plant, machinery and equipment | 23 | €67 | €9,735 | +€9,669 | +14517.7% |
| Furniture and vehicles | 24 | €4,726 | €3,295 | -€1,431 | -30.3% |
| Other tangible fixed assets | 26 | €17,000 | €17,000 | = | 0.0% |
| Financial fixed assets | 28 | €19,200 | €19,200 | = | 0.0% |
| Current assets | 29/58 | €194,648 | €272,387 | +€77,738 | +39.9% |
| Stocks and contracts in progress | 3 | €148,208 | €258,208 | +€110,000 | +74.2% |
| Stocks | 30/36 | €148,208 | €258,208 | +€110,000 | +74.2% |
| Amounts receivable within one year | 40/41 | €11,374 | €3,632 | -€7,742 | -68.1% |
| Trade receivables | 40 | - | €3,632 | +€3,632 | |
| Other amounts receivable | 41 | €11,374 | - | -€11,374 | |
| Cash at bank and in hand | 54/58 | €31,396 | €9,597 | -€21,799 | -69.4% |
| Deferred charges and accrued income | 490/1 | €3,671 | €950 | -€2,721 | -74.1% |
| Total equity and liabilities | 10/49 | €2,282,587 | €2,289,770 | +€7,184 | +0.3% |
| Equity | 10/15 | €1,698,032 | €1,590,357 | -€107,674 | -6.3% |
| Contributions | 10/11 | €1,519,000 | €1,519,000 | = | 0.0% |
| Capital | 10 | €1,519,000 | €1,519,000 | = | 0.0% |
| Issued capital | 100 | €1,519,000 | €1,519,000 | = | 0.0% |
| Reserves | 13 | €600,326 | €600,326 | = | 0.0% |
| Non-distributable reserves | 130/1 | €151,900 | €151,900 | = | 0.0% |
| Legal reserve | 130 | €151,900 | €151,900 | = | 0.0% |
| Distributable reserves | 133 | €448,426 | €448,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€421,294 | -€528,969 | -€107,674 | -25.6% |
| Amounts payable | 17/49 | €584,555 | €699,413 | +€114,858 | +19.6% |
| Amounts payable within one year | 42/48 | €584,555 | €699,413 | +€114,858 | +19.6% |
| Trade debts | 44 | €135,196 | €2,337 | -€132,859 | -98.3% |
| Suppliers | 440/4 | €135,196 | €2,337 | -€132,859 | -98.3% |
| Taxes, remuneration and social security | 45 | €2,435 | €2,941 | +€506 | +20.8% |
| Taxes | 450/3 | €2,435 | €2,941 | +€506 | +20.8% |
| Other amounts payable | 47/48 | €446,924 | €694,135 | +€247,211 | +55.3% |
| Non-recurring operating income | 76A | - | €34,331 | +€34,331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,993 | €81,915 | +€922 | +1.1% |
| Other operating charges | 640/8 | €6,051 | €15,882 | +€9,832 | +162.5% |
| Gross operating margin | 9900 | -€6,638 | -€7,327 | -€689 | -10.4% |
| Operating profit (loss) | 9901 | -€93,681 | -€105,124 | -€11,442 | -12.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €184 | €2,241 | +€2,057 | +1120.5% |
| Recurring financial charges | 65 | €184 | €2,241 | +€2,057 | +1120.5% |
| Profit (loss) for the period before taxes | 9903 | -€93,865 | -€107,364 | -€13,500 | -14.4% |
| Income taxes | 67/77 | €770 | €310 | -€459 | -59.7% |
| Profit (loss) for the period | 9904 | -€94,634 | -€107,674 | -€13,040 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,634 | -€107,674 | -€13,040 | -13.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.