DMORT: 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.
DMORT
Largest movements
- Current investments -€268,991
down €268,991 (-44.6%), from €603,210 to €334,219
- Cash +€181,900
up €181,900 (+118.3%), from €153,758 to €335,658
mainly Net result for the year (+€380,354) and Current investments (+€268,991)
- Receivables within one year -€32,978
down €32,978 (-94.2%), from €35,008 to €2,030
of which Other amounts receivable: -€34,985
- Other debts -€112,674
down €112,674 (-22.1%), from €508,915 to €396,241
- Debts after one year -€71,358
down €71,358 (-16.2%), from €440,660 to €369,302
- Reserves +€50,354
up €50,354 (+14.7%), from €343,359 to €393,712
- Tax, wage and social debts +€34,501
up €34,501 (+595.9%), from €5,789 to €40,290
of which Taxes: +€34,356
- Gross operating margin +€85,770
up €85,770 (+16.0%), from €534,649 to €620,419
- Taxes +€36,183
up €36,183 (+36.4%), from €99,437 to €135,620
- Depreciation -€30,189
down €30,189 (-36.1%), from €83,696 to €53,507
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 | €1,404,249 | €1,300,549 | -€103,700 | -7.4% |
| Fixed assets | 21/28 | €604,430 | €617,162 | +€12,731 | +2.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €604,380 | €617,112 | +€12,731 | +2.1% |
| Land and buildings | 22 | €538,416 | €517,501 | -€20,915 | -3.9% |
| Plant, machinery and equipment | 23 | €45,859 | €36,453 | -€9,406 | -20.5% |
| Furniture and vehicles | 24 | €20,106 | €63,158 | +€43,052 | +214.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €799,819 | €683,387 | -€116,431 | -14.6% |
| Amounts receivable within one year | 40/41 | €35,008 | €2,030 | -€32,978 | -94.2% |
| Trade receivables | 40 | - | €2,007 | +€2,007 | |
| Other amounts receivable | 41 | €35,008 | €23 | -€34,985 | -99.9% |
| Current investments | 50/53 | €603,210 | €334,219 | -€268,991 | -44.6% |
| Cash at bank and in hand | 54/58 | €153,758 | €335,658 | +€181,900 | +118.3% |
| Deferred charges and accrued income | 490/1 | €7,842 | €11,480 | +€3,638 | +46.4% |
| Total equity and liabilities | 10/49 | €1,404,249 | €1,300,549 | -€103,700 | -7.4% |
| Equity | 10/15 | €361,959 | €412,312 | +€50,354 | +13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €343,359 | €393,712 | +€50,354 | +14.7% |
| Distributable reserves | 133 | €343,359 | €393,712 | +€50,354 | +14.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,042,290 | €888,237 | -€154,053 | -14.8% |
| Amounts payable after more than one year | 17 | €440,660 | €369,302 | -€71,358 | -16.2% |
| Financial debts | 170/4 | €440,660 | €369,302 | -€71,358 | -16.2% |
| Amounts payable within one year | 42/48 | €601,630 | €518,855 | -€82,775 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €81,896 | €71,358 | -€10,538 | -12.9% |
| Trade debts | 44 | €5,030 | €10,965 | +€5,935 | +118.0% |
| Suppliers | 440/4 | €5,030 | €10,965 | +€5,935 | +118.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,789 | €40,290 | +€34,501 | +595.9% |
| Taxes | 450/3 | €0 | €34,356 | +€34,356 | |
| Remuneration and social security | 454/9 | €5,789 | €5,934 | +€145 | +2.5% |
| Other amounts payable | 47/48 | €508,915 | €396,241 | -€112,674 | -22.1% |
| Accrued charges and deferred income | 492/3 | - | €80 | +€80 | |
| Non-recurring operating income | 76A | €16,298 | €0 | -€16,298 | -100.0% |
| Remuneration, social security and pensions | 62 | €41,001 | €41,675 | +€674 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,696 | €53,507 | -€30,189 | -36.1% |
| Other operating charges | 640/8 | €6,896 | €7,889 | +€993 | +14.4% |
| Gross operating margin | 9900 | €534,649 | €620,419 | +€85,770 | +16.0% |
| Operating profit (loss) | 9901 | €403,056 | €517,348 | +€114,292 | +28.4% |
| Financial income | 75/76B | €4,109 | €3,852 | -€257 | -6.3% |
| Recurring financial income | 75 | €4,109 | €3,852 | -€257 | -6.3% |
| Financial charges | 65/66B | €6,137 | €5,227 | -€910 | -14.8% |
| Recurring financial charges | 65 | €6,137 | €5,227 | -€910 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €401,029 | €515,973 | +€114,945 | +28.7% |
| Income taxes | 67/77 | €99,437 | €135,620 | +€36,183 | +36.4% |
| Profit (loss) for the period | 9904 | €301,592 | €380,354 | +€78,762 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €301,592 | €380,354 | +€78,762 | +26.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.