DMD PROJECTS: 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.
What changed
DMD PROJECTS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€32,173
2024 · -€152,024+€184,198
Equity
€2.2m
2024 · €2.2m+€29,233
Cash
€10,436
2024 · €3,201+€7,235
Balance sheet total
€5.2m
2024 · €5.3m-€130,738
Largest movements
Assets
- Tangible fixed assets -€125,338
down €125,338 (-4.4%), from €2.9m to €2.7m
of which Land and buildings: -€94,500
Equity and liabilities
- Debts after one year -€89,712
down €89,712 (-3.7%), from €2.4m to €2.3m
of which Financial debts: -€89,712
- Short-term financial debts -€75,000
down €75,000 (-71.4%), from €105,000 to €30,000
Income statement
- Depreciation -€226,471
down €226,471 (-59.2%), from €382,294 to €155,822
- Gross operating margin +€32,143
up €32,143 (+9.8%), from €327,758 to €359,901
- Financial income -€31,415
down €31,415 (-99.9%), from €31,432 to €17
- Financial charges +€29,807
up €29,807 (+26.6%), from €111,989 to €141,797
- Taxes +€11,123
up €11,123 (+3,030%), from €367 to €11,490
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
-€152,024
Gross operating margin
+€32,143
Depreciation
+€226,471
Other operating charges
-€2,018
Other operating items
-€53
Financial income
-€31,415
Financial charges
-€29,807
Taxes
-€11,123
Result 2025
€32,173
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€205,372
Investment
-€30,484
Financing
-€167,652
Cash 2024
€3,201
From operations (derived)
+€205,372
Net result for the year
+€32,173
Depreciation
+€155,822
Receivables within one year
+€11,262
Deferred charges and accrued income
+€1,373
Provisions
-€3,881
Trade debts
-€11,282
Tax, wage and social debts
+€8,454
Other debts
-€14,681
Accrued charges and deferred income
+€26,133
Investment (derived)
-€30,484
Investment in fixed assets (net)
-€30,484
Financing
-€167,652
Debts after one year
-€89,712
Short-term financial debts
-€75,000
Contributions, distributions and other
-€2,940
Cash 2025
€10,436
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,335,659 | €5,204,921 | -€130,738 | -2.5% |
| Fixed assets | 21/28 | €4,811,486 | €4,686,148 | -€125,338 | -2.6% |
| Tangible fixed assets | 22/27 | €2,874,183 | €2,748,844 | -€125,338 | -4.4% |
| Land and buildings | 22 | €2,497,088 | €2,402,588 | -€94,500 | -3.8% |
| Plant, machinery and equipment | 23 | €3,181 | €2,324 | -€857 | -27.0% |
| Furniture and vehicles | 24 | €72,228 | €48,145 | -€24,083 | -33.3% |
| Other tangible fixed assets | 26 | €301,685 | €295,788 | -€5,898 | -2.0% |
| Financial fixed assets | 28 | €1,937,304 | €1,937,304 | = | 0.0% |
| Current assets | 29/58 | €524,173 | €518,773 | -€5,399 | -1.0% |
| Amounts receivable within one year | 40/41 | €512,060 | €500,798 | -€11,262 | -2.2% |
| Trade receivables | 40 | €11,495 | - | -€11,495 | |
| Other amounts receivable | 41 | €500,565 | €500,798 | +€233 | 0.0% |
| Cash at bank and in hand | 54/58 | €3,201 | €10,436 | +€7,235 | +226% |
| Deferred charges and accrued income | 490/1 | €8,912 | €7,539 | -€1,373 | -15.4% |
| Total equity and liabilities | 10/49 | €5,335,659 | €5,204,921 | -€130,738 | -2.5% |
| Equity | 10/15 | €2,177,100 | €2,206,333 | +€29,233 | +1.3% |
| Contributions | 10/11 | €1,036,000 | €1,036,000 | = | 0.0% |
| Revaluation surpluses | 12 | €56,250 | €52,500 | -€3,750 | -6.7% |
| Reserves | 13 | €1,084,850 | €1,117,833 | +€32,983 | +3.0% |
| Tax-exempt reserves | 132 | €85,542 | €78,005 | -€7,537 | -8.8% |
| Distributable reserves | 133 | €999,308 | €1,039,828 | +€40,520 | +4.1% |
| Provisions and deferred taxes | 16 | €40,016 | €36,135 | -€3,881 | -9.7% |
| Deferred taxes | 168 | €40,016 | €36,135 | -€3,881 | -9.7% |
| Amounts payable | 17/49 | €3,118,543 | €2,962,454 | -€156,089 | -5.0% |
| Amounts payable after more than one year | 17 | €2,401,241 | €2,311,529 | -€89,712 | -3.7% |
| Financial debts | 170/4 | €1,196,241 | €1,106,529 | -€89,712 | -7.5% |
| Other amounts payable | 178/9 | €1,205,000 | €1,205,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €645,271 | €552,761 | -€92,510 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €89,712 | €89,712 | = | 0.0% |
| Financial debts | 43 | €105,000 | €30,000 | -€75,000 | -71.4% |
| Credit institutions | 430/8 | €105,000 | €30,000 | -€75,000 | -71.4% |
| Trade debts | 44 | €16,185 | €4,902 | -€11,282 | -69.7% |
| Suppliers | 440/4 | €16,185 | €4,902 | -€11,282 | -69.7% |
| Taxes, remuneration and social security | 45 | €1,753 | €10,206 | +€8,454 | +482% |
| Taxes | 450/3 | €1,753 | €10,206 | +€8,454 | +482% |
| Other amounts payable | 47/48 | €432,622 | €417,940 | -€14,681 | -3.4% |
| Accrued charges and deferred income | 492/3 | €72,031 | €98,164 | +€26,133 | +36.3% |
| Non-recurring operating income | 76A | €21,220 | - | -€21,220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €382,294 | €155,822 | -€226,471 | -59.2% |
| Other operating charges | 640/8 | €20,445 | €22,463 | +€2,018 | +9.9% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €327,758 | €359,901 | +€32,143 | +9.8% |
| Operating profit (loss) | 9901 | -€74,981 | €181,562 | +€256,543 | |
| Financial income | 75/76B | €31,432 | €17 | -€31,415 | -99.9% |
| Recurring financial income | 75 | €31,432 | €17 | -€31,415 | -99.9% |
| Financial charges | 65/66B | €111,989 | €141,797 | +€29,807 | +26.6% |
| Recurring financial charges | 65 | €111,989 | €141,797 | +€29,807 | +26.6% |
| Profit (loss) for the period before taxes | 9903 | -€155,538 | €39,783 | +€195,321 | |
| Transfer from deferred taxes | 780 | €3,881 | €3,881 | = | 0.0% |
| Income taxes | 67/77 | €367 | €11,490 | +€11,123 | +3,030% |
| Profit (loss) for the period | 9904 | -€152,024 | €32,173 | +€184,198 | |
| Transfer from tax-exempt reserves | 789 | €7,537 | €7,537 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€144,487 | €39,710 | +€184,198 |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.