Dmec: 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.
Dmec
Largest movements
- Stocks and contracts -€107,145
down €107,145 (-13.7%), from €779,774 to €672,629
- Receivables within one year +€95,556
up €95,556 (+49.5%), from €193,205 to €288,762
of which Trade receivables: +€88,096
- Cash +€67,646
up €67,646 (+138%), from €49,160 to €116,805
mainly Net result for the year (+€113,877) and Stocks and contracts (+€107,145)
- Tangible fixed assets -€61,937
down €61,937 (-8.6%), from €718,653 to €656,716
- Reserves +€116,238
up €116,238 (+24.0%), from €484,889 to €601,127
of which Distributable reserves: +€116,238
- Trade debts -€73,425
down €73,425 (-43.6%), from €168,258 to €94,833
- Short-term financial debts -€61,538
down €61,538 (-24.6%), from €250,000 to €188,462
- Other debts -€35,294
down €35,294 (-99.8%), from €35,355 to €61
- Debts after one year +€23,730
up €23,730 (+4.0%), from €592,771 to €616,500
- Financial charges -€79,450
down €79,450 (-61.0%), from €130,330 to €50,880
of which Non-recurring financial charges: -€58,136
- Taxes +€43,739
up €43,739 (+2,302%), from €1,900 to €45,639
- Depreciation -€40,499
down €40,499 (-36.9%), from €109,627 to €69,128
- Financial income -€32,583
down €32,583 (-87.7%), from €37,150 to €4,567
of which Non-recurring financial income: -€36,485
- Gross operating margin +€26,020
up €26,020 (+6.8%), from €383,998 to €410,018
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,749,119 | €1,741,503 | -€7,616 | -0.4% |
| Fixed assets | 21/28 | €724,799 | €660,596 | -€64,202 | -8.9% |
| Tangible fixed assets | 22/27 | €718,653 | €656,716 | -€61,937 | -8.6% |
| Land and buildings | 22 | €553,866 | €552,551 | -€1,315 | -0.2% |
| Plant, machinery and equipment | 23 | €107,593 | €80,820 | -€26,774 | -24.9% |
| Furniture and vehicles | 24 | €35,493 | €7,384 | -€28,110 | -79.2% |
| Leasing and similar rights | 25 | €21,701 | €15,962 | -€5,739 | -26.4% |
| Financial fixed assets | 28 | €6,146 | €3,880 | -€2,266 | -36.9% |
| Current assets | 29/58 | €1,024,321 | €1,080,907 | +€56,586 | +5.5% |
| Stocks and contracts in progress | 3 | €779,774 | €672,629 | -€107,145 | -13.7% |
| Stocks | 30/36 | €779,774 | €672,629 | -€107,145 | -13.7% |
| Amounts receivable within one year | 40/41 | €193,205 | €288,762 | +€95,556 | +49.5% |
| Trade receivables | 40 | €154,419 | €242,515 | +€88,096 | +57.0% |
| Other amounts receivable | 41 | €38,786 | €46,246 | +€7,460 | +19.2% |
| Cash at bank and in hand | 54/58 | €49,160 | €116,805 | +€67,646 | +138% |
| Deferred charges and accrued income | 490/1 | €2,182 | €2,711 | +€529 | +24.2% |
| Total equity and liabilities | 10/49 | €1,749,119 | €1,741,503 | -€7,616 | -0.4% |
| Equity | 10/15 | €587,250 | €701,127 | +€113,877 | +19.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €484,889 | €601,127 | +€116,238 | +24.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €484,889 | €601,127 | +€116,238 | +24.0% |
| Profit (loss) carried forward | 14 | €2,361 | €0 | -€2,361 | -100% |
| Amounts payable | 17/49 | €1,161,870 | €1,040,376 | -€121,493 | -10.5% |
| Amounts payable after more than one year | 17 | €592,771 | €616,500 | +€23,730 | +4.0% |
| Financial debts | 170/4 | €592,771 | €616,500 | +€23,730 | +4.0% |
| Amounts payable within one year | 42/48 | €569,099 | €423,876 | -€145,223 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €89,563 | €112,084 | +€22,521 | +25.1% |
| Financial debts | 43 | €250,000 | €188,462 | -€61,538 | -24.6% |
| Credit institutions | 430/8 | €250,000 | €188,462 | -€61,538 | -24.6% |
| Trade debts | 44 | €168,258 | €94,833 | -€73,425 | -43.6% |
| Suppliers | 440/4 | €168,258 | €94,833 | -€73,425 | -43.6% |
| Taxes, remuneration and social security | 45 | €25,922 | €28,436 | +€2,514 | +9.7% |
| Taxes | 450/3 | €8,554 | €16,012 | +€7,459 | +87.2% |
| Remuneration and social security | 454/9 | €17,368 | €12,423 | -€4,945 | -28.5% |
| Other amounts payable | 47/48 | €35,355 | €61 | -€35,294 | -99.8% |
| Non-recurring operating income | 76A | - | €5,021 | +€5,021 | |
| Remuneration, social security and pensions | 62 | €130,395 | €120,253 | -€10,141 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,627 | €69,128 | -€40,499 | -36.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€286 | -€286 | |
| Other operating charges | 640/8 | €11,241 | €15,092 | +€3,851 | +34.3% |
| Gross operating margin | 9900 | €383,998 | €410,018 | +€26,020 | +6.8% |
| Operating profit (loss) | 9901 | €132,735 | €205,830 | +€73,095 | +55.1% |
| Financial income | 75/76B | €37,150 | €4,567 | -€32,583 | -87.7% |
| Recurring financial income | 75 | €665 | €4,567 | +€3,901 | +586% |
| Non-recurring financial income | 76B | €36,485 | €0 | -€36,485 | -100% |
| Financial charges | 65/66B | €130,330 | €50,880 | -€79,450 | -61.0% |
| Recurring financial charges | 65 | €72,194 | €50,880 | -€21,314 | -29.5% |
| Non-recurring financial charges | 66B | €58,136 | €0 | -€58,136 | -100% |
| Profit (loss) for the period before taxes | 9903 | €39,555 | €159,516 | +€119,962 | +303% |
| Income taxes | 67/77 | €1,900 | €45,639 | +€43,739 | +2,302% |
| Profit (loss) for the period | 9904 | €37,655 | €113,877 | +€76,223 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €37,655 | €113,877 | +€76,223 | +202% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.