DMC: 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.
DMC
Largest movements
- Tangible fixed assets -€45,388
down €45,388 (-4.0%), from €1.1m to €1.1m
of which Land and buildings: -€59,328
- Cash -€24,391
down €24,391 (-27.5%), from €88,568 to €64,177
mainly Trade debts (-€56,103) and Debts after one year (-€49,035)
- Receivables within one year -€14,286
down €14,286 (-75.4%), from €18,937 to €4,651
of which Trade receivables: -€13,529
- Trade debts -€56,103
down €56,103 (-94.0%), from €59,696 to €3,593
- Debts after one year -€49,035
down €49,035 (-5.9%), from €828,907 to €779,873
- Reserves +€20,461
up €20,461 (+12.1%), from €169,272 to €189,732
of which Distributable reserves: +€20,461
- Gross operating margin +€24,708
up €24,708 (+24.3%), from €101,632 to €126,341
- Depreciation +€8,090
up €8,090 (+14.2%), from €56,911 to €65,001
- Taxes +€2,457
up €2,457 (+36.7%), from €6,695 to €9,151
- Financial charges +€2,244
up €2,244 (+12.2%), from €18,410 to €20,655
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 | €1,250,498 | €1,166,447 | -€84,052 | -6.7% |
| Fixed assets | 21/28 | €1,141,689 | €1,096,301 | -€45,388 | -4.0% |
| Tangible fixed assets | 22/27 | €1,141,689 | €1,096,301 | -€45,388 | -4.0% |
| Land and buildings | 22 | €1,127,053 | €1,067,724 | -€59,328 | -5.3% |
| Plant, machinery and equipment | 23 | €14,636 | €28,576 | +€13,940 | +95.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €108,809 | €70,146 | -€38,663 | -35.5% |
| Amounts receivable within one year | 40/41 | €18,937 | €4,651 | -€14,286 | -75.4% |
| Trade receivables | 40 | €18,179 | €4,651 | -€13,529 | -74.4% |
| Other amounts receivable | 41 | €758 | €0 | -€758 | -100% |
| Cash at bank and in hand | 54/58 | €88,568 | €64,177 | -€24,391 | -27.5% |
| Deferred charges and accrued income | 490/1 | €1,304 | €1,318 | +€14 | +1.1% |
| Total equity and liabilities | 10/49 | €1,250,498 | €1,166,447 | -€84,052 | -6.7% |
| Equity | 10/15 | €277,792 | €298,253 | +€20,461 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €28,156 | €28,156 | = | 0.0% |
| Reserves | 13 | €169,272 | €189,732 | +€20,461 | +12.1% |
| Tax-exempt reserves | 132 | €17,596 | €17,596 | = | 0.0% |
| Distributable reserves | 133 | €151,676 | €172,137 | +€20,461 | +13.5% |
| Profit (loss) carried forward | 14 | €61,765 | €61,765 | = | 0.0% |
| Amounts payable | 17/49 | €972,706 | €868,194 | -€104,512 | -10.7% |
| Amounts payable after more than one year | 17 | €828,907 | €779,873 | -€49,035 | -5.9% |
| Financial debts | 170/4 | €828,907 | €779,873 | -€49,035 | -5.9% |
| Amounts payable within one year | 42/48 | €143,798 | €88,321 | -€55,478 | -38.6% |
| Current portion of amounts payable after more than one year | 42 | €63,677 | €68,375 | +€4,698 | +7.4% |
| Trade debts | 44 | €59,696 | €3,593 | -€56,103 | -94.0% |
| Suppliers | 440/4 | €59,696 | €3,593 | -€56,103 | -94.0% |
| Taxes, remuneration and social security | 45 | €19,564 | €10,954 | -€8,610 | -44.0% |
| Taxes | 450/3 | €19,564 | €10,954 | -€8,610 | -44.0% |
| Other amounts payable | 47/48 | €862 | €5,398 | +€4,537 | +527% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,911 | €65,001 | +€8,090 | +14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,006 | €6,198 | +€192 | +3.2% |
| Gross operating margin | 9900 | €101,632 | €126,341 | +€24,708 | +24.3% |
| Operating profit (loss) | 9901 | €38,715 | €55,141 | +€16,426 | +42.4% |
| Financial income | 75/76B | €361 | €125 | -€235 | -65.3% |
| Recurring financial income | 75 | €361 | €125 | -€235 | -65.3% |
| Financial charges | 65/66B | €18,410 | €20,655 | +€2,244 | +12.2% |
| Recurring financial charges | 65 | €18,410 | €20,655 | +€2,244 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €20,666 | €34,612 | +€13,946 | +67.5% |
| Income taxes | 67/77 | €6,695 | €9,151 | +€2,457 | +36.7% |
| Profit (loss) for the period | 9904 | €13,971 | €25,461 | +€11,490 | +82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,971 | €25,461 | +€11,490 | +82.2% |
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 16 October 2026 via checked.be.