dm.vdc: 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.vdc
Largest movements
- Receivables within one year +€30,281
up €30,281 (+333%), from €9,100 to €39,381
- Tangible fixed assets +€21,403
new in 2025: €21,403
- Cash -€13,210
down €13,210 (-46.1%), from €28,681 to €15,471
mainly Receivables within one year (-€30,281) and Investment in fixed assets (net) (-€22,723)
- Other debts +€20,638
up €20,638 (+331%), from €6,226 to €26,864
- Profit (loss) carried forward +€12,790
up €12,790 (+101%), from €12,696 to €25,486
- Tax, wage and social debts +€3,261
up €3,261 (+45.7%), from €7,141 to €10,401
- Trade debts +€1,785
up €1,785 (+26.6%), from €6,718 to €8,503
- Gross operating margin +€2,612
up €2,612 (+14.1%), from €18,517 to €21,129
- Financial charges +€1,586
up €1,586 (+723%), from €219 to €1,805
- Depreciation +€1,320
new in 2025: €1,320
- Taxes -€616
down €616 (-12.3%), from €5,000 to €4,384
- Other operating charges +€227
up €227 (+37.7%), from €602 to €829
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 | €37,781 | €76,255 | +€38,474 | +102% |
| Fixed assets | 21/28 | - | €21,403 | +€21,403 | |
| Tangible fixed assets | 22/27 | - | €21,403 | +€21,403 | |
| Other tangible fixed assets | 26 | - | €21,403 | +€21,403 | |
| Current assets | 29/58 | €37,781 | €54,852 | +€17,072 | +45.2% |
| Amounts receivable within one year | 40/41 | €9,100 | €39,381 | +€30,281 | +333% |
| Trade receivables | 40 | €9,100 | €39,381 | +€30,281 | +333% |
| Cash at bank and in hand | 54/58 | €28,681 | €15,471 | -€13,210 | -46.1% |
| Total equity and liabilities | 10/49 | €37,781 | €76,255 | +€38,474 | +102% |
| Equity | 10/15 | €17,696 | €30,486 | +€12,790 | +72.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,696 | €25,486 | +€12,790 | +101% |
| Amounts payable | 17/49 | €20,085 | €45,769 | +€25,684 | +128% |
| Amounts payable within one year | 42/48 | €20,085 | €45,769 | +€25,684 | +128% |
| Trade debts | 44 | €6,718 | €8,503 | +€1,785 | +26.6% |
| Suppliers | 440/4 | €6,718 | €8,503 | +€1,785 | +26.6% |
| Taxes, remuneration and social security | 45 | €7,141 | €10,401 | +€3,261 | +45.7% |
| Taxes | 450/3 | €7,141 | €10,401 | +€3,261 | +45.7% |
| Other amounts payable | 47/48 | €6,226 | €26,864 | +€20,638 | +331% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,320 | +€1,320 | |
| Other operating charges | 640/8 | €602 | €829 | +€227 | +37.7% |
| Gross operating margin | 9900 | €18,517 | €21,129 | +€2,612 | +14.1% |
| Operating profit (loss) | 9901 | €17,915 | €18,980 | +€1,064 | +5.9% |
| Financial charges | 65/66B | €219 | €1,805 | +€1,586 | +723% |
| Recurring financial charges | 65 | €219 | €1,805 | +€1,586 | +723% |
| Profit (loss) for the period before taxes | 9903 | €17,696 | €17,175 | -€521 | -2.9% |
| Income taxes | 67/77 | €5,000 | €4,384 | -€616 | -12.3% |
| Profit (loss) for the period | 9904 | €12,696 | €12,790 | +€94 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,696 | €12,790 | +€94 | +0.7% |
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.