dMdA: 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.
dMdA
Largest movements
- Receivables within one year +€9,550
up €9,550 (+54.0%), from €17,679 to €27,229
- Cash +€5,558
up €5,558 (+224.3%), from €2,477 to €8,035
mainly Net result for the year (+€5,497) and Other debts (+€3,970)
- Tangible fixed assets -€364
down €364 (-52.0%), from €700 to €336
- Profit (loss) carried forward +€5,497
up €5,497 (+12.3%), from -€44,811 to -€39,315
- Other debts +€3,970
up €3,970 (+6.8%), from €58,257 to €62,227
- Tax, wage and social debts +€3,892
up €3,892 (+220.1%), from €1,768 to €5,660
- Trade debts +€1,055
up €1,055 (+32.6%), from €3,233 to €4,289
- Gross operating margin +€27,373
up €27,373, from -€19,856 to €7,517
- Other operating charges -€7,877
down €7,877 (-93.0%), from €8,472 to €594
- Financial charges +€392
up €392 (+96.5%), from €406 to €798
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 | €21,447 | €35,861 | +€14,414 | +67.2% |
| Fixed assets | 21/28 | €1,093 | €597 | -€496 | -45.4% |
| Intangible fixed assets | 21 | €393 | €261 | -€132 | -33.6% |
| Tangible fixed assets | 22/27 | €700 | €336 | -€364 | -52.0% |
| Furniture and vehicles | 24 | €700 | €336 | -€364 | -52.0% |
| Current assets | 29/58 | €20,354 | €35,264 | +€14,910 | +73.3% |
| Amounts receivable within one year | 40/41 | €17,679 | €27,229 | +€9,550 | +54.0% |
| Trade receivables | 40 | €17,679 | €27,229 | +€9,550 | +54.0% |
| Cash at bank and in hand | 54/58 | €2,477 | €8,035 | +€5,558 | +224.3% |
| Deferred charges and accrued income | 490/1 | €197 | - | -€197 | |
| Total equity and liabilities | 10/49 | €21,447 | €35,861 | +€14,414 | +67.2% |
| Equity | 10/15 | -€41,811 | -€36,315 | +€5,497 | +13.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,811 | -€39,315 | +€5,497 | +12.3% |
| Amounts payable | 17/49 | €63,258 | €72,176 | +€8,918 | +14.1% |
| Amounts payable within one year | 42/48 | €63,258 | €72,176 | +€8,918 | +14.1% |
| Trade debts | 44 | €3,233 | €4,289 | +€1,055 | +32.6% |
| Suppliers | 440/4 | €3,233 | €4,289 | +€1,055 | +32.6% |
| Taxes, remuneration and social security | 45 | €1,768 | €5,660 | +€3,892 | +220.1% |
| Taxes | 450/3 | €1,768 | €5,660 | +€3,892 | +220.1% |
| Other amounts payable | 47/48 | €58,257 | €62,227 | +€3,970 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €496 | = | 0.0% |
| Other operating charges | 640/8 | €8,472 | €594 | -€7,877 | -93.0% |
| Gross operating margin | 9900 | -€19,856 | €7,517 | +€27,373 | |
| Operating profit (loss) | 9901 | -€28,823 | €6,426 | +€35,250 | |
| Financial charges | 65/66B | €406 | €798 | +€392 | +96.5% |
| Recurring financial charges | 65 | €406 | €798 | +€392 | +96.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,229 | €5,629 | +€34,858 | |
| Income taxes | 67/77 | €268 | €132 | -€136 | -50.7% |
| Profit (loss) for the period | 9904 | -€29,497 | €5,497 | +€34,994 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,497 | €5,497 | +€34,994 |
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.