DMJ THERMO: 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.
DMJ THERMO
Largest movements
- Tangible fixed assets -€48,383
down €48,383 (-29.6%), from €163,621 to €115,238
of which Plant, machinery and equipment: -€41,920
- Cash +€34,382
up €34,382 (+21.4%), from €160,358 to €194,740
mainly Depreciation (+€48,383) and Trade debts (+€9,856)
- Stocks and contracts +€5,000
up €5,000 (+7.7%), from €65,000 to €70,000
- Other debts -€12,170
down €12,170 (-12.2%), from €100,136 to €87,966
- Trade debts +€9,856
up €9,856 (+213%), from €4,633 to €14,489
- Current portion of long-term debt -€5,751
down €5,751 (-52.5%), from €10,957 to €5,206
- Debts after one year -€5,206
down €5,206 (-46.4%), from €11,217 to €6,012
- Gross operating margin -€35,032
down €35,032 (-37.0%), from €94,639 to €59,607
- Taxes -€7,710
down €7,710 (-53.2%), from €14,506 to €6,795
- Write-downs +€3,249
up €3,249, from -€3,249 to €0
- Other operating charges -€961
down €961 (-36.7%), from €2,622 to €1,660
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 | €453,000 | €443,263 | -€9,738 | -2.1% |
| Fixed assets | 21/28 | €163,621 | €115,238 | -€48,383 | -29.6% |
| Tangible fixed assets | 22/27 | €163,621 | €115,238 | -€48,383 | -29.6% |
| Plant, machinery and equipment | 23 | €137,941 | €96,021 | -€41,920 | -30.4% |
| Furniture and vehicles | 24 | €3,480 | €1,999 | -€1,481 | -42.6% |
| Leasing and similar rights | 25 | €16,720 | €12,651 | -€4,069 | -24.3% |
| Other tangible fixed assets | 26 | €5,480 | €4,567 | -€913 | -16.7% |
| Current assets | 29/58 | €289,379 | €328,025 | +€38,645 | +13.4% |
| Stocks and contracts in progress | 3 | €65,000 | €70,000 | +€5,000 | +7.7% |
| Stocks | 30/36 | €65,000 | €70,000 | +€5,000 | +7.7% |
| Amounts receivable within one year | 40/41 | €63,699 | €62,957 | -€742 | -1.2% |
| Trade receivables | 40 | €59,606 | €58,863 | -€742 | -1.2% |
| Other amounts receivable | 41 | €4,094 | €4,094 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €160,358 | €194,740 | +€34,382 | +21.4% |
| Deferred charges and accrued income | 490/1 | €322 | €328 | +€6 | +1.8% |
| Total equity and liabilities | 10/49 | €453,000 | €443,263 | -€9,738 | -2.1% |
| Equity | 10/15 | €316,481 | €318,368 | +€1,887 | +0.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €291,481 | €293,368 | +€1,887 | +0.6% |
| Distributable reserves | 133 | €291,481 | €293,368 | +€1,887 | +0.6% |
| Amounts payable | 17/49 | €136,519 | €124,894 | -€11,625 | -8.5% |
| Amounts payable after more than one year | 17 | €11,217 | €6,012 | -€5,206 | -46.4% |
| Financial debts | 170/4 | €11,217 | €6,012 | -€5,206 | -46.4% |
| Amounts payable within one year | 42/48 | €125,160 | €118,883 | -€6,277 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €10,957 | €5,206 | -€5,751 | -52.5% |
| Trade debts | 44 | €4,633 | €14,489 | +€9,856 | +213% |
| Suppliers | 440/4 | €4,633 | €14,489 | +€9,856 | +213% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €9,433 | €11,222 | +€1,788 | +19.0% |
| Taxes | 450/3 | €9,433 | €11,222 | +€1,788 | +19.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €100,136 | €87,966 | -€12,170 | -12.2% |
| Accrued charges and deferred income | 492/3 | €142 | €0 | -€142 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,365 | €48,383 | +€18 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,249 | €0 | +€3,249 | |
| Other operating charges | 640/8 | €2,622 | €1,660 | -€961 | -36.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €94,639 | €59,607 | -€35,032 | -37.0% |
| Operating profit (loss) | 9901 | €46,901 | €9,564 | -€37,337 | -79.6% |
| Financial income | 75/76B | €1,033 | €224 | -€809 | -78.3% |
| Recurring financial income | 75 | €1,033 | €224 | -€809 | -78.3% |
| Financial charges | 65/66B | €1,697 | €1,104 | -€593 | -34.9% |
| Recurring financial charges | 65 | €1,697 | €1,104 | -€593 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €46,237 | €8,683 | -€37,554 | -81.2% |
| Income taxes | 67/77 | €14,506 | €6,795 | -€7,710 | -53.2% |
| Profit (loss) for the period | 9904 | €31,731 | €1,887 | -€29,843 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,731 | €1,887 | -€29,843 | -94.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.