DMDS: 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
DMDS
NACE 46.321, Wholesale of meat and meat products, excluding game and poultry
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€61,900
2024 · -€99,563+€37,663
Equity
€91,711
2024 · €159,183-€67,472
Cash
€65,960
2024 · €43,609+€22,350
Balance sheet total
€2.4m
2024 · €2.4m+€18,457
Largest movements
Assets
- Receivables within one year +€136,194
up €136,194 (+28.3%), from €481,999 to €618,193
of which Trade receivables: +€153,178
- Tangible fixed assets -€90,333
down €90,333 (-7.8%), from €1.2m to €1.1m
- Intangible fixed assets -€41,498
down €41,498 (-33.0%), from €125,839 to €84,341
Equity and liabilities
- Debts after one year +€64,274
up €64,274 (+40.8%), from €157,373 to €221,647
- Profit (loss) carried forward -€49,648
down €49,648 (-21.9%), from -€226,561 to -€276,209
Income statement
- Gross operating margin +€95,239
up €95,239 (+13.9%), from €682,914 to €778,153
- Staff costs +€28,527
up €28,527 (+5.9%), from €485,307 to €513,834
- Other operating charges +€26,159
up €26,159 (+78.4%), from €33,354 to €59,513
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
-€99,563
Gross operating margin
+€95,239
Staff costs
-€28,527
Depreciation
+€3,165
Other operating charges
-€26,159
Financial income
+€1,490
Financial charges
-€7,545
Result 2025
-€61,900
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
+€25,014
Investment
-€77,950
Financing
+€75,287
Cash 2024
€43,609
From operations (derived)
+€25,014
Net result for the year
-€61,900
Depreciation
+€214,065
Stocks and contracts
+€2,997
Receivables within one year
-€136,194
Deferred charges and accrued income
+€975
Provisions
-€4,084
Trade debts
+€8,185
Tax, wage and social debts
-€3,292
Other debts
+€4,543
Accrued charges and deferred income
-€282
Investment (derived)
-€77,950
Investment in fixed assets (net)
-€77,950
Financing
+€75,287
Debts after one year
+€64,274
Current portion of long-term debt
+€16,585
Contributions, distributions and other
-€5,572
Cash 2025
€65,960
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,369,841 | €2,388,299 | +€18,457 | +0.8% |
| Fixed assets | 21/28 | €1,310,036 | €1,173,922 | -€136,115 | -10.4% |
| Intangible fixed assets | 21 | €125,839 | €84,341 | -€41,498 | -33.0% |
| Tangible fixed assets | 22/27 | €1,161,788 | €1,071,455 | -€90,333 | -7.8% |
| Land and buildings | 22 | €800,294 | €769,380 | -€30,914 | -3.9% |
| Plant, machinery and equipment | 23 | €271,861 | €226,852 | -€45,010 | -16.6% |
| Furniture and vehicles | 24 | €1,754 | €3,545 | +€1,791 | +102.1% |
| Leasing and similar rights | 25 | €87,879 | €71,679 | -€16,200 | -18.4% |
| Financial fixed assets | 28 | €22,409 | €18,126 | -€4,284 | -19.1% |
| Current assets | 29/58 | €1,059,805 | €1,214,377 | +€154,572 | +14.6% |
| Stocks and contracts in progress | 3 | €530,338 | €527,341 | -€2,997 | -0.6% |
| Stocks | 30/36 | €530,338 | €527,341 | -€2,997 | -0.6% |
| Amounts receivable within one year | 40/41 | €481,999 | €618,193 | +€136,194 | +28.3% |
| Trade receivables | 40 | €338,488 | €491,666 | +€153,178 | +45.3% |
| Other amounts receivable | 41 | €143,511 | €126,528 | -€16,984 | -11.8% |
| Cash at bank and in hand | 54/58 | €43,609 | €65,960 | +€22,350 | +51.3% |
| Deferred charges and accrued income | 490/1 | €3,858 | €2,883 | -€975 | -25.3% |
| Total equity and liabilities | 10/49 | €2,369,841 | €2,388,299 | +€18,457 | +0.8% |
| Equity | 10/15 | €159,183 | €91,711 | -€67,472 | -42.4% |
| Contributions | 10/11 | €198,784 | €198,784 | = | 0.0% |
| Capital | 10 | €198,784 | €198,784 | = | 0.0% |
| Issued capital | 100 | €198,784 | €198,784 | = | 0.0% |
| Revaluation surpluses | 12 | €39,894 | €35,762 | -€4,132 | -10.4% |
| Reserves | 13 | €116,390 | €108,270 | -€8,120 | -7.0% |
| Non-distributable reserves | 130/1 | €6,360 | €6,360 | = | 0.0% |
| Legal reserve | 130 | €6,360 | €6,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,234 | €32,983 | -€12,252 | -27.1% |
| Distributable reserves | 133 | €64,796 | €68,927 | +€4,132 | +6.4% |
| Profit (loss) carried forward | 14 | -€226,561 | -€276,209 | -€49,648 | -21.9% |
| Investment grants | 15 | €30,676 | €25,104 | -€5,572 | -18.2% |
| Provisions and deferred taxes | 16 | €9,720 | €5,636 | -€4,084 | -42.0% |
| Deferred taxes | 168 | €9,720 | €5,636 | -€4,084 | -42.0% |
| Amounts payable | 17/49 | €2,200,939 | €2,290,952 | +€90,013 | +4.1% |
| Amounts payable after more than one year | 17 | €157,373 | €221,647 | +€64,274 | +40.8% |
| Financial debts | 170/4 | €157,373 | €221,647 | +€64,274 | +40.8% |
| Amounts payable within one year | 42/48 | €2,028,929 | €2,054,950 | +€26,021 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €157,474 | €174,059 | +€16,585 | +10.5% |
| Financial debts | 43 | €450,000 | €450,000 | = | 0.0% |
| Credit institutions | 430/8 | €450,000 | €450,000 | = | 0.0% |
| Trade debts | 44 | €614,367 | €622,552 | +€8,185 | +1.3% |
| Suppliers | 440/4 | €614,367 | €622,552 | +€8,185 | +1.3% |
| Taxes, remuneration and social security | 45 | €217,322 | €214,030 | -€3,292 | -1.5% |
| Taxes | 450/3 | €113,084 | €26,765 | -€86,320 | -76.3% |
| Remuneration and social security | 454/9 | €104,237 | €187,265 | +€83,028 | +79.7% |
| Other amounts payable | 47/48 | €589,765 | €594,308 | +€4,543 | +0.8% |
| Accrued charges and deferred income | 492/3 | €14,637 | €14,355 | -€282 | -1.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €485,307 | €513,834 | +€28,527 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,230 | €214,065 | -€3,165 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €33,354 | €59,513 | +€26,159 | +78.4% |
| Gross operating margin | 9900 | €682,914 | €778,153 | +€95,239 | +13.9% |
| Operating profit (loss) | 9901 | -€52,978 | -€9,259 | +€43,718 | +82.5% |
| Financial income | 75/76B | €4,812 | €6,302 | +€1,490 | +31.0% |
| Recurring financial income | 75 | €4,812 | €6,302 | +€1,490 | +31.0% |
| Financial charges | 65/66B | €55,481 | €63,026 | +€7,545 | +13.6% |
| Recurring financial charges | 65 | €55,481 | €63,026 | +€7,545 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€103,646 | -€65,984 | +€37,663 | +36.3% |
| Transfer from deferred taxes | 780 | €4,084 | €4,084 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€99,563 | -€61,900 | +€37,663 | +37.8% |
| Transfer from tax-exempt reserves | 789 | €12,252 | €12,252 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,311 | -€49,648 | +€37,663 | +43.1% |
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 3 October 2026 via checked.be.