DM-VV: 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-VV
Largest movements
- Tangible fixed assets -€100,234
down €100,234 (-3.8%), from €2.6m to €2.5m
of which Land and buildings: -€83,585
- Debts after one year -€35,990
down €35,990 (-2.4%), from €1.5m to €1.5m
- Reserves -€33,467
down €33,467 (-3.6%), from €930,291 to €896,823
- Depreciation +€6,485
up €6,485 (+6.8%), from €94,978 to €101,463
- Gross operating margin +€1,055
up €1,055 (+2.8%), from €37,205 to €38,260
- Other operating charges -€945
down €945 (-63.5%), from €1,489 to €543
- Financial charges -€722
down €722 (-16.4%), from €4,408 to €3,686
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 | €2,615,122 | €2,512,965 | -€102,157 | -3.9% |
| Fixed assets | 21/28 | €2,603,487 | €2,503,253 | -€100,234 | -3.8% |
| Tangible fixed assets | 22/27 | €2,603,487 | €2,503,253 | -€100,234 | -3.8% |
| Land and buildings | 22 | €2,528,122 | €2,444,537 | -€83,585 | -3.3% |
| Plant, machinery and equipment | 23 | €444 | - | -€444 | |
| Furniture and vehicles | 24 | €74,921 | €58,716 | -€16,206 | -21.6% |
| Current assets | 29/58 | €11,635 | €9,712 | -€1,923 | -16.5% |
| Amounts receivable within one year | 40/41 | - | €50 | +€50 | |
| Trade receivables | 40 | - | €50 | +€50 | |
| Cash at bank and in hand | 54/58 | €10,485 | €8,446 | -€2,039 | -19.4% |
| Deferred charges and accrued income | 490/1 | €1,150 | €1,216 | +€65 | +5.7% |
| Total equity and liabilities | 10/49 | €2,615,122 | €2,512,965 | -€102,157 | -3.9% |
| Equity | 10/15 | €749,433 | €692,831 | -€56,602 | -7.6% |
| Contributions | 10/11 | €18,610 | €18,610 | = | 0.0% |
| Reserves | 13 | €930,291 | €896,823 | -€33,467 | -3.6% |
| Tax-exempt reserves | 132 | €930,291 | €896,823 | -€33,467 | -3.6% |
| Profit (loss) carried forward | 14 | -€199,467 | -€222,602 | -€23,135 | -11.6% |
| Provisions and deferred taxes | 16 | €310,097 | €298,941 | -€11,156 | -3.6% |
| Deferred taxes | 168 | €310,097 | €298,941 | -€11,156 | -3.6% |
| Amounts payable | 17/49 | €1,555,592 | €1,521,192 | -€34,400 | -2.2% |
| Amounts payable after more than one year | 17 | €1,506,100 | €1,470,110 | -€35,990 | -2.4% |
| Financial debts | 170/4 | €1,506,100 | €1,470,110 | -€35,990 | -2.4% |
| Amounts payable within one year | 42/48 | €49,492 | €50,152 | +€661 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €46,681 | €46,913 | +€232 | +0.5% |
| Trade debts | 44 | €2,146 | €2,249 | +€103 | +4.8% |
| Suppliers | 440/4 | €2,146 | €2,249 | +€103 | +4.8% |
| Taxes, remuneration and social security | 45 | €235 | €560 | +€325 | +138.6% |
| Taxes | 450/3 | €235 | €560 | +€325 | +138.6% |
| Other amounts payable | 47/48 | €430 | €430 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €930 | +€930 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,978 | €101,463 | +€6,485 | +6.8% |
| Other operating charges | 640/8 | €1,489 | €543 | -€945 | -63.5% |
| Gross operating margin | 9900 | €37,205 | €38,260 | +€1,055 | +2.8% |
| Operating profit (loss) | 9901 | -€59,262 | -€63,746 | -€4,484 | -7.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,408 | €3,686 | -€722 | -16.4% |
| Recurring financial charges | 65 | €4,408 | €3,686 | -€722 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€63,671 | -€67,432 | -€3,762 | -5.9% |
| Transfer from deferred taxes | 780 | €11,156 | €11,156 | = | 0.0% |
| Income taxes | 67/77 | €235 | €325 | +€91 | +38.6% |
| Profit (loss) for the period | 9904 | -€52,750 | -€56,602 | -€3,852 | -7.3% |
| Transfer from tax-exempt reserves | 789 | €33,467 | €33,467 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,282 | -€23,135 | -€3,852 | -20.0% |
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.