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.
What changed
DMC
NACE 46.425, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€399
2024 · €17,984-€17,585
Equity
€323,135
2024 · €322,736+€399
Cash
€561
2024 · €2,073-€1,512
Balance sheet total
€749,714
2024 · €431,843+€317,871
Largest movements
Assets
- Tangible fixed assets +€352,377
up €352,377 (+631.4%), from €55,805 to €408,182
of which Land and buildings: +€371,195
- Stocks and contracts -€42,484
down €42,484 (-12.5%), from €340,902 to €298,417
Equity and liabilities
- Debts after one year +€300,169
new in 2025: €300,169
- Current portion of long-term debt +€19,877
up €19,877 (+754.6%), from €2,634 to €22,511
- Short-term financial debts -€15,455
down €15,455 (-26.7%), from €57,793 to €42,339
Income statement
- Depreciation +€11,182
up €11,182 (+106.5%), from €10,501 to €21,683
- Financial charges +€5,243
up €5,243 (+115.6%), from €4,535 to €9,779
- Gross operating margin -€4,401
down €4,401 (-8.6%), from €51,331 to €46,930
- Financial income -€2,521
down €2,521 (-45.5%), from €5,536 to €3,015
- Staff costs -€2,451
down €2,451 (-28.6%), from €8,585 to €6,134
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.
Result 2024
€17,984
Gross operating margin
-€4,401
Staff costs
+€2,451
Depreciation
-€11,182
Other operating charges
-€2,409
Other operating items
+€4,159
Financial income
-€2,521
Financial charges
-€5,243
Taxes
+€1,561
Result 2025
€399
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.
From operations
+€67,956
Investment
-€374,060
Financing
+€304,591
Cash 2024
€2,073
From operations (derived)
+€67,956
Net result for the year
+€399
Depreciation
+€21,683
Stocks and contracts
+€42,484
Receivables within one year
-€4,157
Deferred charges and accrued income
-€5,333
Trade debts
+€3,552
Tax, wage and social debts
+€2,662
Advances received
+€6,667
Investment (derived)
-€374,060
Investment in fixed assets (net)
-€374,060
Financing
+€304,591
Debts after one year
+€300,169
Current portion of long-term debt
+€19,877
Short-term financial debts
-€15,455
Cash 2025
€561
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €431,843 | €749,714 | +€317,871 | +73.6% |
| Fixed assets | 21/28 | €55,805 | €408,182 | +€352,377 | +631.4% |
| Tangible fixed assets | 22/27 | €55,805 | €408,182 | +€352,377 | +631.4% |
| Land and buildings | 22 | - | €371,195 | +€371,195 | |
| Plant, machinery and equipment | 23 | €54,110 | €35,867 | -€18,242 | -33.7% |
| Furniture and vehicles | 24 | €15 | - | -€15 | |
| Other tangible fixed assets | 26 | €1,680 | €1,120 | -€560 | -33.3% |
| Current assets | 29/58 | €376,038 | €341,532 | -€34,506 | -9.2% |
| Stocks and contracts in progress | 3 | €340,902 | €298,417 | -€42,484 | -12.5% |
| Stocks | 30/36 | €340,902 | €298,417 | -€42,484 | -12.5% |
| Amounts receivable within one year | 40/41 | €30,845 | €35,002 | +€4,157 | +13.5% |
| Trade receivables | 40 | €5,657 | €136 | -€5,521 | -97.6% |
| Other amounts receivable | 41 | €25,188 | €34,866 | +€9,678 | +38.4% |
| Cash at bank and in hand | 54/58 | €2,073 | €561 | -€1,512 | -73.0% |
| Deferred charges and accrued income | 490/1 | €2,219 | €7,552 | +€5,333 | +240.4% |
| Total equity and liabilities | 10/49 | €431,843 | €749,714 | +€317,871 | +73.6% |
| Equity | 10/15 | €322,736 | €323,135 | +€399 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €286,152 | €286,152 | = | 0.0% |
| Distributable reserves | 133 | €286,152 | €286,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,984 | €18,383 | +€399 | +2.2% |
| Amounts payable | 17/49 | €109,107 | €426,579 | +€317,473 | +291.0% |
| Amounts payable after more than one year | 17 | - | €300,169 | +€300,169 | |
| Financial debts | 170/4 | - | €300,169 | +€300,169 | |
| Amounts payable within one year | 42/48 | €109,107 | €126,411 | +€17,304 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €2,634 | €22,511 | +€19,877 | +754.6% |
| Financial debts | 43 | €57,793 | €42,339 | -€15,455 | -26.7% |
| Credit institutions | 430/8 | €57,793 | €42,339 | -€15,455 | -26.7% |
| Trade debts | 44 | €45,842 | €49,394 | +€3,552 | +7.7% |
| Suppliers | 440/4 | €45,842 | €49,394 | +€3,552 | +7.7% |
| Advances received on contracts in progress | 46 | €120 | €6,787 | +€6,667 | +5555.8% |
| Taxes, remuneration and social security | 45 | €2,009 | €4,672 | +€2,662 | +132.5% |
| Taxes | 450/3 | €1,984 | €4,672 | +€2,687 | +135.4% |
| Remuneration and social security | 454/9 | €25 | - | -€25 | |
| Other amounts payable | 47/48 | €708 | €708 | = | 0.0% |
| Non-recurring operating income | 76A | €6,253 | - | -€6,253 | |
| Remuneration, social security and pensions | 62 | €8,585 | €6,134 | -€2,451 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,501 | €21,683 | +€11,182 | +106.5% |
| Other operating charges | 640/8 | €6,422 | €8,831 | +€2,409 | +37.5% |
| Non-recurring operating charges | 66A | €4,159 | - | -€4,159 | |
| Gross operating margin | 9900 | €51,331 | €46,930 | -€4,401 | -8.6% |
| Operating profit (loss) | 9901 | €21,664 | €10,282 | -€11,382 | -52.5% |
| Financial income | 75/76B | €5,536 | €3,015 | -€2,521 | -45.5% |
| Recurring financial income | 75 | €5,536 | €3,015 | -€2,521 | -45.5% |
| Financial charges | 65/66B | €4,535 | €9,779 | +€5,243 | +115.6% |
| Recurring financial charges | 65 | €4,535 | €9,779 | +€5,243 | +115.6% |
| Profit (loss) for the period before taxes | 9903 | €22,665 | €3,519 | -€19,146 | -84.5% |
| Income taxes | 67/77 | €4,681 | €3,120 | -€1,561 | -33.4% |
| Profit (loss) for the period | 9904 | €17,984 | €399 | -€17,585 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,984 | €399 | -€17,585 | -97.8% |
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 29 September 2026 via checked.be.