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
- Cash +€101,942
up €101,942 (+35.1%), from €290,425 to €392,367
mainly Net result for the year (+€106,459) and Tax, wage and social debts (+€5,830)
- Receivables within one year +€12,100
new in 2025: €12,100
- Reserves +€106,459
up €106,459 (+50.5%), from €210,984 to €317,443
- Tax, wage and social debts +€5,830
up €5,830 (+8.0%), from €73,204 to €79,035
of which Taxes: +€3,830
- Gross operating margin -€28,681
down €28,681 (-16.9%), from €169,625 to €140,944
- Taxes -€7,176
down €7,176 (-18.7%), from €38,394 to €31,218
- Depreciation +€1,803
up €1,803 (+159.9%), from €1,128 to €2,930
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 | €294,882 | €411,994 | +€117,112 | +39.7% |
| Fixed assets | 21/28 | €4,457 | €7,527 | +€3,070 | +68.9% |
| Tangible fixed assets | 22/27 | €4,457 | €7,527 | +€3,070 | +68.9% |
| Plant, machinery and equipment | 23 | €2,009 | €1,207 | -€802 | -39.9% |
| Furniture and vehicles | 24 | - | €4,603 | +€4,603 | |
| Other tangible fixed assets | 26 | €2,448 | €1,717 | -€731 | -29.9% |
| Current assets | 29/58 | €290,425 | €404,467 | +€114,042 | +39.3% |
| Amounts receivable within one year | 40/41 | - | €12,100 | +€12,100 | |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Cash at bank and in hand | 54/58 | €290,425 | €392,367 | +€101,942 | +35.1% |
| Total equity and liabilities | 10/49 | €294,882 | €411,994 | +€117,112 | +39.7% |
| Equity | 10/15 | €214,984 | €321,443 | +€106,459 | +49.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €210,984 | €317,443 | +€106,459 | +50.5% |
| Distributable reserves | 133 | €210,984 | €317,443 | +€106,459 | +50.5% |
| Amounts payable | 17/49 | €79,897 | €90,551 | +€10,654 | +13.3% |
| Amounts payable within one year | 42/48 | €79,897 | €90,551 | +€10,654 | +13.3% |
| Trade debts | 44 | €3,163 | €6,405 | +€3,242 | +102.5% |
| Suppliers | 440/4 | €3,163 | €6,405 | +€3,242 | +102.5% |
| Taxes, remuneration and social security | 45 | €73,204 | €79,035 | +€5,830 | +8.0% |
| Taxes | 450/3 | €73,204 | €77,035 | +€3,830 | +5.2% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €3,530 | €5,111 | +€1,582 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,128 | €2,930 | +€1,803 | +159.9% |
| Other operating charges | 640/8 | €1,978 | €1,318 | -€660 | -33.4% |
| Gross operating margin | 9900 | €169,625 | €140,944 | -€28,681 | -16.9% |
| Operating profit (loss) | 9901 | €166,520 | €136,696 | -€29,824 | -17.9% |
| Financial income | 75/76B | €806 | €2,324 | +€1,519 | +188.5% |
| Recurring financial income | 75 | €806 | €2,324 | +€1,519 | +188.5% |
| Financial charges | 65/66B | €45 | €1,343 | +€1,298 | +2885.0% |
| Recurring financial charges | 65 | €45 | €1,343 | +€1,298 | +2885.0% |
| Profit (loss) for the period before taxes | 9903 | €167,281 | €137,677 | -€29,604 | -17.7% |
| Income taxes | 67/77 | €38,394 | €31,218 | -€7,176 | -18.7% |
| Profit (loss) for the period | 9904 | €128,887 | €106,459 | -€22,428 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €128,887 | €106,459 | -€22,428 | -17.4% |
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 6 October 2026 via checked.be.