DMURG: 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.
DMURG
Largest movements
- Receivables after one year +€100,000
new in 2025: €100,000
- Cash -€40,066
down €40,066 (-52.2%), from €76,711 to €36,645
mainly Receivables after one year (-€100,000) and Receivables within one year (-€14,778)
- Receivables within one year +€14,778
up €14,778 (+38.1%), from €38,788 to €53,566
of which Trade receivables: +€17,460
- Tangible fixed assets -€7,667
down €7,667 (-77.6%), from €9,884 to €2,217
- Profit (loss) carried forward +€73,037
up €73,037 (+69.1%), from €105,736 to €178,773
- Trade debts -€7,667
down €7,667 (-70.6%), from €10,861 to €3,194
- Other debts +€4,292
new in 2025: €4,292
- Tax, wage and social debts -€2,000
down €2,000 (-33.3%), from €6,000 to €4,000
- Gross operating margin -€5,383
down €5,383 (-5.0%), from €108,014 to €102,632
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 | €125,597 | €193,260 | +€67,663 | +53.9% |
| Fixed assets | 21/28 | €9,884 | €2,217 | -€7,667 | -77.6% |
| Tangible fixed assets | 22/27 | €9,884 | €2,217 | -€7,667 | -77.6% |
| Furniture and vehicles | 24 | €9,884 | €2,217 | -€7,667 | -77.6% |
| Current assets | 29/58 | €115,713 | €191,043 | +€75,330 | +65.1% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €38,788 | €53,566 | +€14,778 | +38.1% |
| Trade receivables | 40 | €36,106 | €53,566 | +€17,460 | +48.4% |
| Other amounts receivable | 41 | €2,682 | - | -€2,682 | |
| Cash at bank and in hand | 54/58 | €76,711 | €36,645 | -€40,066 | -52.2% |
| Deferred charges and accrued income | 490/1 | €215 | €832 | +€617 | +287.5% |
| Total equity and liabilities | 10/49 | €125,597 | €193,260 | +€67,663 | +53.9% |
| Equity | 10/15 | €108,736 | €181,773 | +€73,037 | +67.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,736 | €178,773 | +€73,037 | +69.1% |
| Amounts payable | 17/49 | €16,861 | €11,487 | -€5,374 | -31.9% |
| Amounts payable within one year | 42/48 | €16,861 | €11,487 | -€5,374 | -31.9% |
| Trade debts | 44 | €10,861 | €3,194 | -€7,667 | -70.6% |
| Suppliers | 440/4 | €10,861 | €3,194 | -€7,667 | -70.6% |
| Taxes, remuneration and social security | 45 | €6,000 | €4,000 | -€2,000 | -33.3% |
| Taxes | 450/3 | €6,000 | €4,000 | -€2,000 | -33.3% |
| Other amounts payable | 47/48 | - | €4,292 | +€4,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,667 | €7,667 | = | 0.0% |
| Other operating charges | 640/8 | €442 | €637 | +€196 | +44.3% |
| Gross operating margin | 9900 | €108,014 | €102,632 | -€5,383 | -5.0% |
| Operating profit (loss) | 9901 | €99,906 | €94,328 | -€5,578 | -5.6% |
| Financial charges | 65/66B | €7 | €44 | +€37 | +506.1% |
| Recurring financial charges | 65 | €7 | €44 | +€37 | +506.1% |
| Profit (loss) for the period before taxes | 9903 | €99,899 | €94,284 | -€5,615 | -5.6% |
| Income taxes | 67/77 | €22,049 | €21,247 | -€802 | -3.6% |
| Profit (loss) for the period | 9904 | €77,850 | €73,037 | -€4,813 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €77,850 | €73,037 | -€4,813 | -6.2% |
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 3 October 2026 via checked.be.