DM4C: 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.
DM4C
Largest movements
- Cash +€11,261
up €11,261 (+31.7%), from €35,514 to €46,775
mainly Other debts (+€45,469) and Net result for the year (+€32,982)
- Receivables within one year +€7,893
up €7,893 (+17.3%), from €45,610 to €53,504
of which Other amounts receivable: +€5,312
- Other debts +€45,469
new in 2025: €45,469
- Reserves -€26,963
down €26,963 (-39.3%), from €68,581 to €41,618
- Trade debts +€2,372
new in 2025: €2,372
- Tax, wage and social debts -€1,607
down €1,607 (-42.5%), from €3,782 to €2,175
- Gross operating margin +€22,997
up €22,997 (+101.0%), from €22,771 to €45,767
- Taxes +€3,583
up €3,583 (+50.7%), from €7,065 to €10,648
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 | €84,763 | €104,033 | +€19,270 | +22.7% |
| Fixed assets | 21/28 | €2,319 | €2,434 | +€115 | +5.0% |
| Tangible fixed assets | 22/27 | €2,319 | €2,434 | +€115 | +5.0% |
| Plant, machinery and equipment | 23 | €1,201 | €1,564 | +€364 | +30.3% |
| Other tangible fixed assets | 26 | €1,118 | €870 | -€249 | -22.2% |
| Current assets | 29/58 | €82,444 | €101,599 | +€19,155 | +23.2% |
| Amounts receivable within one year | 40/41 | €45,610 | €53,504 | +€7,893 | +17.3% |
| Trade receivables | 40 | €32,200 | €34,781 | +€2,581 | +8.0% |
| Other amounts receivable | 41 | €13,410 | €18,722 | +€5,312 | +39.6% |
| Cash at bank and in hand | 54/58 | €35,514 | €46,775 | +€11,261 | +31.7% |
| Deferred charges and accrued income | 490/1 | €1,320 | €1,320 | = | 0.0% |
| Total equity and liabilities | 10/49 | €84,763 | €104,033 | +€19,270 | +22.7% |
| Equity | 10/15 | €80,981 | €54,018 | -€26,963 | -33.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €68,581 | €41,618 | -€26,963 | -39.3% |
| Distributable reserves | 133 | €68,581 | €41,618 | -€26,963 | -39.3% |
| Amounts payable | 17/49 | €3,782 | €50,015 | +€46,233 | +1222.5% |
| Amounts payable within one year | 42/48 | €3,782 | €50,015 | +€46,233 | +1222.5% |
| Trade debts | 44 | - | €2,372 | +€2,372 | |
| Suppliers | 440/4 | - | €2,372 | +€2,372 | |
| Taxes, remuneration and social security | 45 | €3,782 | €2,175 | -€1,607 | -42.5% |
| Taxes | 450/3 | €3,782 | €2,175 | -€1,607 | -42.5% |
| Other amounts payable | 47/48 | - | €45,469 | +€45,469 | |
| Remuneration, social security and pensions | 62 | €73 | - | -€73 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €713 | €1,066 | +€353 | +49.5% |
| Other operating charges | 640/8 | €978 | €1,191 | +€213 | +21.7% |
| Gross operating margin | 9900 | €22,771 | €45,767 | +€22,997 | +101.0% |
| Operating profit (loss) | 9901 | €21,007 | €43,511 | +€22,504 | +107.1% |
| Financial income | 75/76B | €116 | €265 | +€149 | +128.9% |
| Recurring financial income | 75 | €116 | €265 | +€149 | +128.9% |
| Financial charges | 65/66B | €96 | €145 | +€50 | +52.2% |
| Recurring financial charges | 65 | €96 | €145 | +€50 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | €21,027 | €43,630 | +€22,603 | +107.5% |
| Income taxes | 67/77 | €7,065 | €10,648 | +€3,583 | +50.7% |
| Profit (loss) for the period | 9904 | €13,962 | €32,982 | +€19,020 | +136.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,962 | €32,982 | +€19,020 | +136.2% |
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 12 October 2026 via checked.be.