DMVD: 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.
DMVD
Largest movements
- Tangible fixed assets +€385,850
up €385,850 (+79.5%), from €485,338 to €871,188
of which Land and buildings: +€397,177
- Intangible fixed assets -€300,871
down €300,871 (-29.4%), from €1.0m to €722,462
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€116,771
up €116,771 (+315%), from €37,087 to €153,859
mainly Depreciation (+€421,266) and Current investments (+€200,000)
- Deferred charges and accrued income +€86,770
up €86,770 (+73.1%), from €118,732 to €205,503
- Other debts -€43,055
down €43,055 (-11.6%), from €370,964 to €327,909
- Current portion of long-term debt +€29,041
up €29,041 (+8.7%), from €334,236 to €363,276
- Debts after one year +€24,086
up €24,086 (+2.2%), from €1.1m to €1.1m
of which Financial debts: +€24,086
- Gross operating margin +€140,850
up €140,850 (+14.5%), from €968,322 to €1.1m
- Staff costs +€120,001
up €120,001 (+33.2%), from €361,701 to €481,702
- Depreciation +€84,949
up €84,949 (+25.3%), from €336,317 to €421,266
- Taxes -€19,702
down €19,702 (-31.7%), from €62,203 to €42,501
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 | €1,928,512 | €1,968,212 | +€39,700 | +2.1% |
| Fixed assets | 21/28 | €1,508,670 | €1,593,649 | +€84,979 | +5.6% |
| Intangible fixed assets | 21 | €1,023,333 | €722,462 | -€300,871 | -29.4% |
| Tangible fixed assets | 22/27 | €485,338 | €871,188 | +€385,850 | +79.5% |
| Land and buildings | 22 | €426,933 | €824,109 | +€397,177 | +93.0% |
| Plant, machinery and equipment | 23 | €23,188 | €20,010 | -€3,178 | -13.7% |
| Furniture and vehicles | 24 | €35,217 | €27,069 | -€8,148 | -23.1% |
| Current assets | 29/58 | €419,842 | €374,563 | -€45,279 | -10.8% |
| Amounts receivable within one year | 40/41 | €64,022 | €15,202 | -€48,821 | -76.3% |
| Trade receivables | 40 | €49,000 | - | -€49,000 | |
| Other amounts receivable | 41 | €15,022 | €15,202 | +€179 | +1.2% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €37,087 | €153,859 | +€116,771 | +315% |
| Deferred charges and accrued income | 490/1 | €118,732 | €205,503 | +€86,770 | +73.1% |
| Total equity and liabilities | 10/49 | €1,928,512 | €1,968,212 | +€39,700 | +2.1% |
| Equity | 10/15 | €50,000 | €50,000 | = | 0.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,878,512 | €1,918,212 | +€39,700 | +2.1% |
| Amounts payable after more than one year | 17 | €1,075,062 | €1,099,148 | +€24,086 | +2.2% |
| Financial debts | 170/4 | €875,062 | €899,148 | +€24,086 | +2.8% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €803,450 | €819,064 | +€15,614 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €334,236 | €363,276 | +€29,041 | +8.7% |
| Trade debts | 44 | €56,408 | €71,321 | +€14,913 | +26.4% |
| Suppliers | 440/4 | €56,408 | €71,321 | +€14,913 | +26.4% |
| Taxes, remuneration and social security | 45 | €41,843 | €56,559 | +€14,716 | +35.2% |
| Taxes | 450/3 | - | €2,124 | +€2,124 | |
| Remuneration and social security | 454/9 | €41,843 | €54,434 | +€12,591 | +30.1% |
| Other amounts payable | 47/48 | €370,964 | €327,909 | -€43,055 | -11.6% |
| Remuneration, social security and pensions | 62 | €361,701 | €481,702 | +€120,001 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336,317 | €421,266 | +€84,949 | +25.3% |
| Other operating charges | 640/8 | €9,475 | €12,714 | +€3,239 | +34.2% |
| Gross operating margin | 9900 | €968,322 | €1,109,173 | +€140,850 | +14.5% |
| Operating profit (loss) | 9901 | €260,829 | €193,491 | -€67,338 | -25.8% |
| Financial income | 75/76B | €5,860 | €1,282 | -€4,579 | -78.1% |
| Recurring financial income | 75 | €5,860 | €1,282 | -€4,579 | -78.1% |
| Financial charges | 65/66B | €32,431 | €39,361 | +€6,930 | +21.4% |
| Recurring financial charges | 65 | €32,431 | €39,361 | +€6,930 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €234,258 | €155,412 | -€78,846 | -33.7% |
| Income taxes | 67/77 | €62,203 | €42,501 | -€19,702 | -31.7% |
| Profit (loss) for the period | 9904 | €172,056 | €112,911 | -€59,145 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €172,056 | €112,911 | -€59,145 | -34.4% |
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 16 October 2026 via checked.be.