DMFA: 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.
DMFA
Largest movements
- Cash +€5,481
up €5,481 (+8.9%), from €61,419 to €66,901
mainly Other debts (+€4,944) and Depreciation (+€1,156)
- Tangible fixed assets -€1,156
down €1,156 (-39.7%), from €2,912 to €1,756
of which Plant, machinery and equipment: -€644
- Other debts +€4,944
up €4,944 (+20.1%), from €24,615 to €29,559
- Gross operating margin -€1,004
down €1,004 (-51.9%), from €1,934 to €930
- Depreciation -€88
down €88 (-7.0%), from €1,244 to €1,156
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 | €67,478 | €71,847 | +€4,370 | +6.5% |
| Fixed assets | 21/28 | €2,912 | €1,756 | -€1,156 | -39.7% |
| Tangible fixed assets | 22/27 | €2,912 | €1,756 | -€1,156 | -39.7% |
| Plant, machinery and equipment | 23 | €1,339 | €696 | -€644 | -48.0% |
| Furniture and vehicles | 24 | €1,573 | €1,060 | -€513 | -32.6% |
| Current assets | 29/58 | €64,565 | €70,091 | +€5,526 | +8.6% |
| Amounts receivable within one year | 40/41 | €3,146 | €3,148 | +€2 | +0.1% |
| Trade receivables | 40 | €3,146 | €3,146 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €61,419 | €66,901 | +€5,481 | +8.9% |
| Deferred charges and accrued income | 490/1 | €0 | €42 | +€42 | |
| Total equity and liabilities | 10/49 | €67,478 | €71,847 | +€4,370 | +6.5% |
| Equity | 10/15 | €42,032 | €41,375 | -€657 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,432 | €22,775 | -€657 | -2.8% |
| Amounts payable | 17/49 | €25,446 | €30,473 | +€5,027 | +19.8% |
| Amounts payable within one year | 42/48 | €25,446 | €30,473 | +€5,027 | +19.8% |
| Trade debts | 44 | €445 | €455 | +€10 | +2.2% |
| Suppliers | 440/4 | €445 | €455 | +€10 | +2.2% |
| Taxes, remuneration and social security | 45 | €385 | €458 | +€73 | +19.0% |
| Taxes | 450/3 | €385 | €458 | +€73 | +19.0% |
| Other amounts payable | 47/48 | €24,615 | €29,559 | +€4,944 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,244 | €1,156 | -€88 | -7.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,934 | €930 | -€1,004 | -51.9% |
| Operating profit (loss) | 9901 | €303 | -€626 | -€929 | |
| Financial charges | 65/66B | €39 | €32 | -€8 | -19.9% |
| Recurring financial charges | 65 | €39 | €32 | -€8 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €264 | -€657 | -€921 | |
| Profit (loss) for the period | 9904 | €264 | -€657 | -€921 | |
| Profit (loss) for the period to be appropriated | 9905 | €264 | -€657 | -€921 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.