DMEC: 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.
DMEC
Largest movements
- Current investments +€3.8m
up €3.8m (+246.9%), from €1.5m to €5.3m
- Financial fixed assets -€1.7m
down €1.7m (-70.0%), from €2.4m to €720,000
- Cash -€285,116
down €285,116 (-93.8%), from €303,917 to €18,801
mainly Current investments (-€3.8m) and Contributions, distributions and other (-€433,466)
- Reserves +€1.6m
up €1.6m (+103.9%), from €1.5m to €3.1m
of which Distributable reserves: +€1.6m
- Tax, wage and social debts +€194,670
up €194,670 (+636.4%), from €30,591 to €225,261
- Financial income +€1.7m
up €1.7m (+276.0%), from €623,521 to €2.3m
- Taxes +€172,299
up €172,299 (+519.0%), from €33,196 to €205,495
- Gross operating margin -€61,459
down €61,459 (-756.8%), from -€8,121 to -€69,580
- Financial charges +€13,612
up €13,612 (+2497.5%), from €545 to €14,157
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 | €4,272,619 | €6,089,788 | +€1.8m | +42.5% |
| Fixed assets | 21/28 | €2,427,702 | €729,401 | -€1.7m | -70.0% |
| Tangible fixed assets | 22/27 | €27,702 | €9,401 | -€18,301 | -66.1% |
| Furniture and vehicles | 24 | €27,702 | €9,401 | -€18,301 | -66.1% |
| Financial fixed assets | 28 | €2,400,000 | €720,000 | -€1.7m | -70.0% |
| Current assets | 29/58 | €1,844,917 | €5,360,387 | +€3.5m | +190.5% |
| Amounts receivable within one year | 40/41 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €1,000 | - | -€1,000 | |
| Current investments | 50/53 | €1,540,000 | €5,341,586 | +€3.8m | +246.9% |
| Cash at bank and in hand | 54/58 | €303,917 | €18,801 | -€285,116 | -93.8% |
| Total equity and liabilities | 10/49 | €4,272,619 | €6,089,788 | +€1.8m | +42.5% |
| Equity | 10/15 | €4,239,162 | €5,841,575 | +€1.6m | +37.8% |
| Contributions | 10/11 | €2,400,000 | €2,400,000 | = | 0.0% |
| Capital | 10 | €2,400,000 | €2,400,000 | = | 0.0% |
| Issued capital | 100 | €2,400,000 | €2,400,000 | = | 0.0% |
| Reserves | 13 | €1,542,595 | €3,145,007 | +€1.6m | +103.9% |
| Non-distributable reserves | 130/1 | €21,673 | - | -€21,673 | |
| Legal reserve | 130 | €21,673 | - | -€21,673 | |
| Distributable reserves | 133 | €1,520,921 | €3,145,007 | +€1.6m | +106.8% |
| Profit (loss) carried forward | 14 | €296,568 | €296,568 | = | 0.0% |
| Amounts payable | 17/49 | €33,457 | €248,213 | +€214,756 | +641.9% |
| Amounts payable within one year | 42/48 | €33,457 | €248,213 | +€214,756 | +641.9% |
| Trade debts | 44 | €2,865 | €3,363 | +€497 | +17.4% |
| Suppliers | 440/4 | €2,865 | €3,363 | +€497 | +17.4% |
| Taxes, remuneration and social security | 45 | €30,591 | €225,261 | +€194,670 | +636.4% |
| Taxes | 450/3 | €30,591 | €225,261 | +€194,670 | +636.4% |
| Other amounts payable | 47/48 | - | €19,590 | +€19,590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,301 | €18,301 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,399 | €772 | -€627 | -44.8% |
| Gross operating margin | 9900 | -€8,121 | -€69,580 | -€61,459 | -756.8% |
| Operating profit (loss) | 9901 | -€27,822 | -€88,653 | -€60,832 | -218.6% |
| Financial income | 75/76B | €623,521 | €2,344,183 | +€1.7m | +276.0% |
| Recurring financial income | 75 | €623,521 | €2,344,183 | +€1.7m | +276.0% |
| Financial charges | 65/66B | €545 | €14,157 | +€13,612 | +2497.5% |
| Recurring financial charges | 65 | €545 | €14,157 | +€13,612 | +2497.5% |
| Profit (loss) for the period before taxes | 9903 | €595,154 | €2,241,373 | +€1.6m | +276.6% |
| Income taxes | 67/77 | €33,196 | €205,495 | +€172,299 | +519.0% |
| Profit (loss) for the period | 9904 | €561,958 | €2,035,878 | +€1.5m | +262.3% |
| Profit (loss) for the period to be appropriated | 9905 | €561,958 | €2,035,878 | +€1.5m | +262.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.