DMD: 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.
DMD
Largest movements
- Receivables within one year -€389,232
no longer reported in 2024 (was €389,232)
- Tangible fixed assets +€289,658
up €289,658 (+12.5%), from €2.3m to €2.6m
of which Land and buildings: +€295,271
- Debts after one year -€218,618
down €218,618 (-22.3%), from €980,650 to €762,032
of which Financial debts: -€196,835
- Reserves +€61,612
up €61,612 (+10.0%), from €618,814 to €680,426
of which Distributable reserves: +€70,000
- Current portion of long-term debt +€56,063
up €56,063 (+57.0%), from €98,336 to €154,398
- Trade debts -€49,709
down €49,709 (-94.1%), from €52,807 to €3,098
- Gross operating margin +€69,994
up €69,994 (+40.6%), from €172,189 to €242,183
- Taxes +€18,093
up €18,093 (+243.7%), from €7,424 to €25,517
- Other operating charges +€17,324
up €17,324 (+81.4%), from €21,286 to €38,610
- Depreciation +€13,321
up €13,321 (+15.0%), from €88,672 to €101,992
- Financial charges -€2,614
down €2,614 (-13.0%), from €20,095 to €17,481
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,792,785 | €2,653,737 | -€139,049 | -5.0% |
| Fixed assets | 21/28 | €2,323,753 | €2,613,410 | +€289,658 | +12.5% |
| Tangible fixed assets | 22/27 | €2,323,753 | €2,613,410 | +€289,658 | +12.5% |
| Land and buildings | 22 | €2,276,332 | €2,571,603 | +€295,271 | +13.0% |
| Plant, machinery and equipment | 23 | €46,655 | €41,445 | -€5,210 | -11.2% |
| Furniture and vehicles | 24 | €766 | €363 | -€403 | -52.7% |
| Current assets | 29/58 | €469,033 | €40,326 | -€428,707 | -91.4% |
| Amounts receivable within one year | 40/41 | €389,232 | - | -€389,232 | |
| Other amounts receivable | 41 | €389,232 | - | -€389,232 | |
| Current investments | 50/53 | €16,683 | €1,718 | -€14,965 | -89.7% |
| Cash at bank and in hand | 54/58 | €62,076 | €38,608 | -€23,469 | -37.8% |
| Deferred charges and accrued income | 490/1 | €1,041 | - | -€1,041 | |
| Total equity and liabilities | 10/49 | €2,792,785 | €2,653,737 | -€139,049 | -5.0% |
| Equity | 10/15 | €1,049,081 | €1,110,751 | +€61,670 | +5.9% |
| Contributions | 10/11 | €430,000 | €430,000 | = | 0.0% |
| Capital | 10 | €430,000 | €430,000 | = | 0.0% |
| Issued capital | 100 | €430,000 | €430,000 | = | 0.0% |
| Reserves | 13 | €618,814 | €680,426 | +€61,612 | +10.0% |
| Non-distributable reserves | 130/1 | €43,000 | €43,000 | = | 0.0% |
| Legal reserve | 130 | €43,000 | €43,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €220,814 | €212,426 | -€8,388 | -3.8% |
| Distributable reserves | 133 | €355,000 | €425,000 | +€70,000 | +19.7% |
| Profit (loss) carried forward | 14 | €267 | €324 | +€57 | +21.5% |
| Provisions and deferred taxes | 16 | €88,121 | €85,070 | -€3,051 | -3.5% |
| Deferred taxes | 168 | €88,121 | €85,070 | -€3,051 | -3.5% |
| Amounts payable | 17/49 | €1,655,584 | €1,457,916 | -€197,668 | -11.9% |
| Amounts payable after more than one year | 17 | €980,650 | €762,032 | -€218,618 | -22.3% |
| Financial debts | 170/4 | €716,636 | €519,801 | -€196,835 | -27.5% |
| Other amounts payable | 178/9 | €264,014 | €242,231 | -€21,782 | -8.3% |
| Amounts payable within one year | 42/48 | €674,934 | €695,884 | +€20,950 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €98,336 | €154,398 | +€56,063 | +57.0% |
| Trade debts | 44 | €52,807 | €3,098 | -€49,709 | -94.1% |
| Suppliers | 440/4 | €52,807 | €3,098 | -€49,709 | -94.1% |
| Taxes, remuneration and social security | 45 | €24,825 | €38,591 | +€13,767 | +55.5% |
| Taxes | 450/3 | €24,825 | €38,591 | +€13,767 | +55.5% |
| Other amounts payable | 47/48 | €498,967 | €499,796 | +€829 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,672 | €101,992 | +€13,321 | +15.0% |
| Other operating charges | 640/8 | €21,286 | €38,610 | +€17,324 | +81.4% |
| Gross operating margin | 9900 | €172,189 | €242,183 | +€69,994 | +40.6% |
| Operating profit (loss) | 9901 | €62,232 | €101,581 | +€39,349 | +63.2% |
| Financial income | 75/76B | €6 | €36 | +€30 | +508.4% |
| Recurring financial income | 75 | €6 | €36 | +€30 | +508.4% |
| Financial charges | 65/66B | €20,095 | €17,481 | -€2,614 | -13.0% |
| Recurring financial charges | 65 | €20,095 | €17,481 | -€2,614 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €42,143 | €84,136 | +€41,993 | +99.6% |
| Transfer from deferred taxes | 780 | €3,051 | €3,051 | = | 0.0% |
| Income taxes | 67/77 | €7,424 | €25,517 | +€18,093 | +243.7% |
| Profit (loss) for the period | 9904 | €37,770 | €61,670 | +€23,900 | +63.3% |
| Transfer from tax-exempt reserves | 789 | €8,388 | €8,388 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,157 | €70,057 | +€23,900 | +51.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.