DMVO: 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.
DMVO
Largest movements
- Receivables within one year -€20,477
down €20,477 (-85.3%), from €24,018 to €3,541
of which Other amounts receivable: -€11,250
- Cash +€11,219
up €11,219 (+952%), from €1,178 to €12,397
mainly Debts after one year (+€120,341) and Net result for the year (+€65,747)
- Tangible fixed assets +€7,982
up €7,982 (+157%), from €5,098 to €13,079
of which Other tangible fixed assets: +€8,891
- Other debts -€138,313
down €138,313 (-54.5%), from €253,998 to €115,685
- Debts after one year +€120,341
new in 2025: €120,341
- Current portion of long-term debt +€38,633
new in 2025: €38,633
- Tax, wage and social debts -€31,975
down €31,975 (-77.8%), from €41,114 to €9,138
- Profit (loss) carried forward +€5,747
up €5,747 (+437%), from €1,316 to €7,063
- Financial income +€4,998
up €4,998 (+7.9%), from €63,328 to €68,326
- Gross operating margin +€2,260
up €2,260 (+29.2%), from €7,727 to €9,987
- Financial charges +€1,899
up €1,899 (+43.9%), from €4,331 to €6,230
- Depreciation +€1,681
up €1,681 (+534%), from €315 to €1,996
- Taxes -€455
down €455 (-15.5%), from €2,940 to €2,485
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 | €318,221 | €313,661 | -€4,561 | -1.4% |
| Fixed assets | 21/28 | €285,098 | €293,079 | +€7,982 | +2.8% |
| Tangible fixed assets | 22/27 | €5,098 | €13,079 | +€7,982 | +157% |
| Furniture and vehicles | 24 | €2,636 | €1,728 | -€909 | -34.5% |
| Other tangible fixed assets | 26 | €2,461 | €11,352 | +€8,891 | +361% |
| Financial fixed assets | 28 | €280,000 | €280,000 | = | 0.0% |
| Current assets | 29/58 | €33,124 | €20,581 | -€12,543 | -37.9% |
| Amounts receivable within one year | 40/41 | €24,018 | €3,541 | -€20,477 | -85.3% |
| Trade receivables | 40 | €9,228 | €0 | -€9,228 | -100% |
| Other amounts receivable | 41 | €14,790 | €3,541 | -€11,250 | -76.1% |
| Current investments | 50/53 | €7,027 | €4,220 | -€2,806 | -39.9% |
| Cash at bank and in hand | 54/58 | €1,178 | €12,397 | +€11,219 | +952% |
| Deferred charges and accrued income | 490/1 | €901 | €423 | -€478 | -53.0% |
| Total equity and liabilities | 10/49 | €318,221 | €313,661 | -€4,561 | -1.4% |
| Equity | 10/15 | €21,776 | €27,523 | +€5,747 | +26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,316 | €7,063 | +€5,747 | +437% |
| Amounts payable | 17/49 | €296,445 | €286,138 | -€10,307 | -3.5% |
| Amounts payable after more than one year | 17 | - | €120,341 | +€120,341 | |
| Financial debts | 170/4 | - | €120,341 | +€120,341 | |
| Amounts payable within one year | 42/48 | €296,445 | €165,389 | -€131,056 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | - | €38,633 | +€38,633 | |
| Trade debts | 44 | €1,334 | €1,932 | +€598 | +44.9% |
| Suppliers | 440/4 | €1,334 | €1,932 | +€598 | +44.9% |
| Taxes, remuneration and social security | 45 | €41,114 | €9,138 | -€31,975 | -77.8% |
| Taxes | 450/3 | €41,114 | €9,138 | -€31,975 | -77.8% |
| Other amounts payable | 47/48 | €253,998 | €115,685 | -€138,313 | -54.5% |
| Accrued charges and deferred income | 492/3 | - | €408 | +€408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315 | €1,996 | +€1,681 | +534% |
| Other operating charges | 640/8 | €1,898 | €1,856 | -€42 | -2.2% |
| Gross operating margin | 9900 | €7,727 | €9,987 | +€2,260 | +29.2% |
| Operating profit (loss) | 9901 | €5,515 | €6,135 | +€620 | +11.2% |
| Financial income | 75/76B | €63,328 | €68,326 | +€4,998 | +7.9% |
| Recurring financial income | 75 | €63,328 | €68,326 | +€4,998 | +7.9% |
| Financial charges | 65/66B | €4,331 | €6,230 | +€1,899 | +43.9% |
| Recurring financial charges | 65 | €4,331 | €6,230 | +€1,899 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €64,513 | €68,232 | +€3,719 | +5.8% |
| Income taxes | 67/77 | €2,940 | €2,485 | -€455 | -15.5% |
| Profit (loss) for the period | 9904 | €61,572 | €65,747 | +€4,174 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,572 | €65,747 | +€4,174 | +6.8% |
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 26 October 2026 via checked.be.