DM TECHNICAL: 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 TECHNICAL
Largest movements
- Receivables within one year -€229,584
down €229,584 (-49.6%), from €462,571 to €232,987
of which Other amounts receivable: -€132,877
- Tangible fixed assets -€82,037
down €82,037 (-16.4%), from €501,110 to €419,073
of which Furniture and vehicles: -€46,289
- Current investments +€51,596
up €51,596 (+3.1%), from €1.7m to €1.7m
- Cash +€41,472
up €41,472 (+201.9%), from €20,546 to €62,017
mainly Receivables within one year (+€229,584) and Depreciation (+€82,037)
- Reserves -€169,135
down €169,135 (-7.5%), from €2.3m to €2.1m
- Debts after one year -€61,033
down €61,033 (-17.7%), from €344,434 to €283,400
- Gross operating margin -€1.0m
down €1.0m (-93.8%), from €1.1m to €68,873
- Taxes -€315,279
down €315,279 (-98.8%), from €318,953 to €3,673
- Staff costs -€33,045
down €33,045 (-93.3%), from €35,417 to €2,372
- Financial income +€28,925
up €28,925 (+63.7%), from €45,437 to €74,362
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 | €2,676,464 | €2,452,635 | -€223,829 | -8.4% |
| Fixed assets | 21/28 | €501,245 | €419,208 | -€82,037 | -16.4% |
| Tangible fixed assets | 22/27 | €501,110 | €419,073 | -€82,037 | -16.4% |
| Land and buildings | 22 | €305,312 | €272,895 | -€32,417 | -10.6% |
| Plant, machinery and equipment | 23 | €4,913 | €1,581 | -€3,332 | -67.8% |
| Furniture and vehicles | 24 | €190,885 | €144,596 | -€46,289 | -24.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €2,175,219 | €2,033,427 | -€141,792 | -6.5% |
| Amounts receivable within one year | 40/41 | €462,571 | €232,987 | -€229,584 | -49.6% |
| Trade receivables | 40 | €278,810 | €182,103 | -€96,707 | -34.7% |
| Other amounts receivable | 41 | €183,761 | €50,884 | -€132,877 | -72.3% |
| Current investments | 50/53 | €1,685,732 | €1,737,328 | +€51,596 | +3.1% |
| Cash at bank and in hand | 54/58 | €20,546 | €62,017 | +€41,472 | +201.9% |
| Deferred charges and accrued income | 490/1 | €6,370 | €1,094 | -€5,276 | -82.8% |
| Total equity and liabilities | 10/49 | €2,676,464 | €2,452,635 | -€223,829 | -8.4% |
| Equity | 10/15 | €2,264,366 | €2,095,230 | -€169,135 | -7.5% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €2,255,689 | €2,086,554 | -€169,135 | -7.5% |
| Distributable reserves | 133 | €2,255,689 | €2,086,554 | -€169,135 | -7.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €412,099 | €357,405 | -€54,694 | -13.3% |
| Amounts payable after more than one year | 17 | €344,434 | €283,400 | -€61,033 | -17.7% |
| Financial debts | 170/4 | €344,434 | €283,400 | -€61,033 | -17.7% |
| Amounts payable within one year | 42/48 | €67,665 | €74,004 | +€6,340 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €64,796 | €64,094 | -€702 | -1.1% |
| Trade debts | 44 | €259 | €352 | +€92 | +35.7% |
| Suppliers | 440/4 | €259 | €352 | +€92 | +35.7% |
| Taxes, remuneration and social security | 45 | €2,609 | €9,559 | +€6,950 | +266.3% |
| Taxes | 450/3 | €2,572 | €9,559 | +€6,987 | +271.6% |
| Remuneration and social security | 454/9 | €37 | €0 | -€37 | -100.0% |
| Non-recurring operating income | 76A | €686,538 | - | -€686,538 | |
| Remuneration, social security and pensions | 62 | €35,417 | €2,372 | -€33,045 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,630 | €82,037 | -€5,592 | -6.4% |
| Other operating charges | 640/8 | €5,067 | €6,652 | +€1,585 | +31.3% |
| Gross operating margin | 9900 | €1,111,745 | €68,873 | -€1.0m | -93.8% |
| Operating profit (loss) | 9901 | €983,631 | -€22,188 | -€1.0m | |
| Financial income | 75/76B | €45,437 | €74,362 | +€28,925 | +63.7% |
| Recurring financial income | 75 | €45,437 | €74,362 | +€28,925 | +63.7% |
| Financial charges | 65/66B | €10,495 | €14,338 | +€3,843 | +36.6% |
| Recurring financial charges | 65 | €10,495 | €14,338 | +€3,843 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €1,018,573 | €37,836 | -€980,737 | -96.3% |
| Income taxes | 67/77 | €318,953 | €3,673 | -€315,279 | -98.8% |
| Profit (loss) for the period | 9904 | €699,621 | €34,163 | -€665,458 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €699,621 | €34,163 | -€665,458 | -95.1% |
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 10 October 2026 via checked.be.