DMC: what changed
Two fiscal 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
- Current investments +€140,000
new in 2025: €140,000
- Cash -€98,378
down €98,378 (-20.4%), from €481,642 to €383,264
mainly Current investments (-€140,000) and Receivables within one year (-€39,304)
- Tangible fixed assets -€67,204
down €67,204 (-26.4%), from €254,739 to €187,535
of which Furniture and vehicles: -€55,040
- Receivables within one year +€39,304
up €39,304 (+1875.2%), from €2,096 to €41,400
- Stocks and contracts -€20,374
down €20,374 (-4.7%), from €429,521 to €409,147
- Debts after one year -€23,469
down €23,469 (-26.2%), from €89,566 to €66,097
- Tax, wage and social debts +€13,733
up €13,733 (+53.5%), from €25,690 to €39,423
of which Taxes: +€12,980
- Gross operating margin -€155,466
down €155,466 (-66.5%), from €233,916 to €78,450
- Taxes -€32,729
down €32,729 (-89.1%), from €36,715 to €3,986
- Depreciation -€5,464
down €5,464 (-10.6%), from €51,369 to €45,905
- Other operating charges -€3,464
down €3,464 (-29.9%), from €11,594 to €8,130
- Financial income +€2,513
up €2,513 (+160.1%), from €1,570 to €4,083
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 | €1,170,030 | €1,164,124 | -€5,906 | -0.5% |
| Fixed assets | 21/28 | €255,444 | €188,240 | -€67,204 | -26.3% |
| Tangible fixed assets | 22/27 | €254,739 | €187,535 | -€67,204 | -26.4% |
| Land and buildings | 22 | €126,620 | €118,000 | -€8,620 | -6.8% |
| Plant, machinery and equipment | 23 | €31,756 | €28,212 | -€3,544 | -11.2% |
| Furniture and vehicles | 24 | €96,363 | €41,323 | -€55,040 | -57.1% |
| Financial fixed assets | 28 | €705 | €705 | = | 0.0% |
| Current assets | 29/58 | €914,586 | €975,884 | +€61,298 | +6.7% |
| Stocks and contracts in progress | 3 | €429,521 | €409,147 | -€20,374 | -4.7% |
| Stocks | 30/36 | €429,521 | €409,147 | -€20,374 | -4.7% |
| Amounts receivable within one year | 40/41 | €2,096 | €41,400 | +€39,304 | +1875.2% |
| Trade receivables | 40 | €2,096 | €41,400 | +€39,304 | +1875.2% |
| Current investments | 50/53 | - | €140,000 | +€140,000 | |
| Cash at bank and in hand | 54/58 | €481,642 | €383,264 | -€98,378 | -20.4% |
| Deferred charges and accrued income | 490/1 | €1,327 | €2,073 | +€746 | +56.2% |
| Total equity and liabilities | 10/49 | €1,170,030 | €1,164,124 | -€5,906 | -0.5% |
| Equity | 10/15 | €819,084 | €824,495 | +€5,411 | +0.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €764,084 | €769,495 | +€5,411 | +0.7% |
| Amounts payable | 17/49 | €350,946 | €339,629 | -€11,317 | -3.2% |
| Amounts payable after more than one year | 17 | €89,566 | €66,097 | -€23,469 | -26.2% |
| Financial debts | 170/4 | €89,566 | €66,097 | -€23,469 | -26.2% |
| Amounts payable within one year | 42/48 | €261,380 | €273,532 | +€12,152 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €22,371 | €23,469 | +€1,098 | +4.9% |
| Trade debts | 44 | €11,282 | €1,528 | -€9,754 | -86.5% |
| Suppliers | 440/4 | €11,282 | €1,528 | -€9,754 | -86.5% |
| Taxes, remuneration and social security | 45 | €25,690 | €39,423 | +€13,733 | +53.5% |
| Taxes | 450/3 | €17,943 | €30,923 | +€12,980 | +72.3% |
| Remuneration and social security | 454/9 | €7,747 | €8,500 | +€753 | +9.7% |
| Other amounts payable | 47/48 | €202,037 | €209,112 | +€7,075 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,369 | €45,905 | -€5,464 | -10.6% |
| Other operating charges | 640/8 | €11,594 | €8,130 | -€3,464 | -29.9% |
| Gross operating margin | 9900 | €233,916 | €78,450 | -€155,466 | -66.5% |
| Operating profit (loss) | 9901 | €170,953 | €24,415 | -€146,538 | -85.7% |
| Financial income | 75/76B | €1,570 | €4,083 | +€2,513 | +160.1% |
| Recurring financial income | 75 | €1,570 | €4,083 | +€2,513 | +160.1% |
| Financial charges | 65/66B | €21,156 | €19,101 | -€2,055 | -9.7% |
| Recurring financial charges | 65 | €21,156 | €19,101 | -€2,055 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €151,367 | €9,397 | -€141,970 | -93.8% |
| Income taxes | 67/77 | €36,715 | €3,986 | -€32,729 | -89.1% |
| Profit (loss) for the period | 9904 | €114,652 | €5,411 | -€109,241 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €114,652 | €5,411 | -€109,241 | -95.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.