DML2: 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.
DML2
Largest movements
- Receivables within one year -€18,859
down €18,859 (-68.7%), from €27,466 to €8,608
of which Trade receivables: -€20,945
- Cash +€13,254
up €13,254 (+20.6%), from €64,451 to €77,705
mainly Receivables within one year (+€18,859) and Depreciation (+€4,277)
- Tangible fixed assets -€4,277
down €4,277 (-20.4%), from €21,008 to €16,731
of which Plant, machinery and equipment: -€4,277
- Reserves -€11,000
down €11,000 (-10.4%), from €106,000 to €95,000
- Debts after one year +€3,770
new in 2025: €3,770
- Trade debts -€2,341
down €2,341 (-84.8%), from €2,760 to €420
- Gross operating margin -€13,307
down €13,307, from €7,703 to -€5,604
- Depreciation -€10,082
down €10,082 (-70.2%), from €14,359 to €4,277
- Financial income -€101
no longer reported in 2025 (was €101)
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 | €114,163 | €104,271 | -€9,892 | -8.7% |
| Fixed assets | 21/28 | €21,008 | €16,731 | -€4,277 | -20.4% |
| Tangible fixed assets | 22/27 | €21,008 | €16,731 | -€4,277 | -20.4% |
| Land and buildings | 22 | €12,500 | €12,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €8,508 | €4,231 | -€4,277 | -50.3% |
| Current assets | 29/58 | €93,155 | €87,540 | -€5,615 | -6.0% |
| Amounts receivable within one year | 40/41 | €27,466 | €8,608 | -€18,859 | -68.7% |
| Trade receivables | 40 | €21,303 | €357 | -€20,945 | -98.3% |
| Other amounts receivable | 41 | €6,163 | €8,250 | +€2,087 | +33.9% |
| Cash at bank and in hand | 54/58 | €64,451 | €77,705 | +€13,254 | +20.6% |
| Deferred charges and accrued income | 490/1 | €1,238 | €1,228 | -€10 | -0.8% |
| Total equity and liabilities | 10/49 | €114,163 | €104,271 | -€9,892 | -8.7% |
| Equity | 10/15 | €111,099 | €100,081 | -€11,018 | -9.9% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Reserves | 13 | €106,000 | €95,000 | -€11,000 | -10.4% |
| Distributable reserves | 133 | €106,000 | €95,000 | -€11,000 | -10.4% |
| Profit (loss) carried forward | 14 | €299 | €281 | -€18 | -5.9% |
| Amounts payable | 17/49 | €3,064 | €4,190 | +€1,126 | +36.7% |
| Amounts payable after more than one year | 17 | - | €3,770 | +€3,770 | |
| Other amounts payable | 178/9 | - | €3,770 | +€3,770 | |
| Amounts payable within one year | 42/48 | €3,064 | €420 | -€2,645 | -86.3% |
| Trade debts | 44 | €2,760 | €420 | -€2,341 | -84.8% |
| Suppliers | 440/4 | €2,760 | €420 | -€2,341 | -84.8% |
| Taxes, remuneration and social security | 45 | €304 | - | -€304 | |
| Taxes | 450/3 | €304 | - | -€304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,359 | €4,277 | -€10,082 | -70.2% |
| Other operating charges | 640/8 | €882 | €811 | -€71 | -8.0% |
| Gross operating margin | 9900 | €7,703 | -€5,604 | -€13,307 | |
| Operating profit (loss) | 9901 | -€7,538 | -€10,692 | -€3,154 | -41.8% |
| Financial income | 75/76B | €101 | - | -€101 | |
| Recurring financial income | 75 | €101 | - | -€101 | |
| Financial charges | 65/66B | €117 | €131 | +€14 | +11.8% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,554 | -€10,823 | -€3,269 | -43.3% |
| Income taxes | 67/77 | €140 | €195 | +€55 | +39.7% |
| Profit (loss) for the period | 9904 | -€7,693 | -€11,018 | -€3,324 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,693 | -€11,018 | -€3,324 | -43.2% |
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 12 October 2026 via checked.be.