DMAES: 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.
DMAES
Largest movements
- Current investments +€69,674
up €69,674 (+23.2%), from €300,043 to €369,718
- Cash -€22,565
down €22,565 (-53.1%), from €42,458 to €19,892
mainly Current investments (-€69,674) and Tax, wage and social debts (-€50,491)
- Profit (loss) carried forward +€95,973
new in 2025: €95,973
- Tax, wage and social debts -€50,491
down €50,491 (-60.0%), from €84,107 to €33,616
of which Taxes: -€50,491
- Gross operating margin -€99,842
down €99,842 (-45.4%), from €219,868 to €120,026
- Taxes -€39,564
down €39,564 (-59.2%), from €66,778 to €27,215
- Financial income +€4,624
up €4,624 (+418%), from €1,105 to €5,729
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 | €381,212 | €430,571 | +€49,359 | +12.9% |
| Fixed assets | 21/28 | €8,656 | €7,479 | -€1,177 | -13.6% |
| Tangible fixed assets | 22/27 | €8,656 | €7,479 | -€1,177 | -13.6% |
| Plant, machinery and equipment | 23 | €1,297 | €927 | -€369 | -28.5% |
| Furniture and vehicles | 24 | €6,301 | €5,621 | -€679 | -10.8% |
| Other tangible fixed assets | 26 | €1,059 | €930 | -€128 | -12.1% |
| Current assets | 29/58 | €372,556 | €423,092 | +€50,536 | +13.6% |
| Amounts receivable within one year | 40/41 | €28,006 | €31,710 | +€3,703 | +13.2% |
| Trade receivables | 40 | €28,006 | €31,710 | +€3,703 | +13.2% |
| Current investments | 50/53 | €300,043 | €369,718 | +€69,674 | +23.2% |
| Cash at bank and in hand | 54/58 | €42,458 | €19,892 | -€22,565 | -53.1% |
| Deferred charges and accrued income | 490/1 | €2,048 | €1,772 | -€276 | -13.5% |
| Total equity and liabilities | 10/49 | €381,212 | €430,571 | +€49,359 | +12.9% |
| Equity | 10/15 | €293,094 | €389,067 | +€95,973 | +32.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €290,094 | €290,094 | = | 0.0% |
| Distributable reserves | 133 | €290,094 | €290,094 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €95,973 | +€95,973 | |
| Amounts payable | 17/49 | €88,118 | €41,504 | -€46,614 | -52.9% |
| Amounts payable within one year | 42/48 | €88,118 | €41,504 | -€46,614 | -52.9% |
| Trade debts | 44 | €1,489 | €5,347 | +€3,858 | +259% |
| Suppliers | 440/4 | €1,489 | €5,347 | +€3,858 | +259% |
| Taxes, remuneration and social security | 45 | €84,107 | €33,616 | -€50,491 | -60.0% |
| Taxes | 450/3 | €81,807 | €31,316 | -€50,491 | -61.7% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €2,522 | €2,541 | +€19 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,238 | €2,350 | +€112 | +5.0% |
| Other operating charges | 640/8 | €179 | €128 | -€51 | -28.5% |
| Gross operating margin | 9900 | €219,868 | €120,026 | -€99,842 | -45.4% |
| Operating profit (loss) | 9901 | €217,451 | €117,549 | -€99,903 | -45.9% |
| Financial income | 75/76B | €1,105 | €5,729 | +€4,624 | +418% |
| Recurring financial income | 75 | €1,105 | €5,729 | +€4,624 | +418% |
| Financial charges | 65/66B | €76 | €90 | +€14 | +18.0% |
| Recurring financial charges | 65 | €76 | €90 | +€14 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €218,480 | €123,187 | -€95,293 | -43.6% |
| Income taxes | 67/77 | €66,778 | €27,215 | -€39,564 | -59.2% |
| Profit (loss) for the period | 9904 | €151,702 | €95,973 | -€55,729 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €151,702 | €95,973 | -€55,729 | -36.7% |
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 14 October 2026 via checked.be.