DMZ: 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.
DMZ
Largest movements
- Cash -€70,785
down €70,785 (-31.7%), from €223,101 to €152,316
mainly Current portion of long-term debt (-€88,501) and Contributions, distributions and other (-€36,550)
- Tangible fixed assets +€19,452
up €19,452 (+17.6%), from €110,249 to €129,701
of which Furniture and vehicles: +€28,995
- Current portion of long-term debt -€88,501
down €88,501 (-100.0%), from €88,501 to €0
- Other debts +€31,629
up €31,629 (+327.0%), from €9,673 to €41,303
- Reserves +€11,050
up €11,050 (+5.6%), from €198,562 to €209,612
- Trade debts -€4,538
down €4,538 (-20.8%), from €21,848 to €17,310
- Gross operating margin +€24,711
up €24,711 (+40.4%), from €61,125 to €85,836
- Taxes +€6,400
up €6,400 (+54.7%), from €11,703 to €18,103
- Depreciation +€1,432
up €1,432 (+9.3%), from €15,408 to €16,840
- Financial charges -€1,181
down €1,181 (-46.2%), from €2,557 to €1,376
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 | €373,358 | €319,735 | -€53,623 | -14.4% |
| Fixed assets | 21/28 | €110,249 | €129,701 | +€19,452 | +17.6% |
| Tangible fixed assets | 22/27 | €110,249 | €129,701 | +€19,452 | +17.6% |
| Land and buildings | 22 | €99,182 | €87,299 | -€11,883 | -12.0% |
| Plant, machinery and equipment | 23 | €591 | €3,180 | +€2,589 | +438.5% |
| Furniture and vehicles | 24 | €7,226 | €36,221 | +€28,995 | +401.3% |
| Other tangible fixed assets | 26 | €3,250 | €3,000 | -€250 | -7.7% |
| Current assets | 29/58 | €263,109 | €190,035 | -€73,074 | -27.8% |
| Stocks and contracts in progress | 3 | €3,871 | €4,372 | +€501 | +12.9% |
| Stocks | 30/36 | €3,871 | €4,372 | +€501 | +12.9% |
| Amounts receivable within one year | 40/41 | €35,925 | €33,255 | -€2,670 | -7.4% |
| Trade receivables | 40 | €32,806 | €31,217 | -€1,590 | -4.8% |
| Other amounts receivable | 41 | €3,119 | €2,039 | -€1,080 | -34.6% |
| Cash at bank and in hand | 54/58 | €223,101 | €152,316 | -€70,785 | -31.7% |
| Deferred charges and accrued income | 490/1 | €212 | €91 | -€121 | -56.9% |
| Total equity and liabilities | 10/49 | €373,358 | €319,735 | -€53,623 | -14.4% |
| Equity | 10/15 | €230,567 | €241,618 | +€11,051 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,562 | €209,612 | +€11,050 | +5.6% |
| Distributable reserves | 133 | €198,562 | €209,612 | +€11,050 | +5.6% |
| Profit (loss) carried forward | 14 | €13,405 | €13,406 | +€1 | 0.0% |
| Amounts payable | 17/49 | €142,791 | €78,117 | -€64,674 | -45.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €142,791 | €78,117 | -€64,674 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €88,501 | €0 | -€88,501 | -100.0% |
| Trade debts | 44 | €21,848 | €17,310 | -€4,538 | -20.8% |
| Suppliers | 440/4 | €21,848 | €17,310 | -€4,538 | -20.8% |
| Taxes, remuneration and social security | 45 | €22,768 | €19,505 | -€3,264 | -14.3% |
| Taxes | 450/3 | €22,768 | €19,505 | -€3,264 | -14.3% |
| Other amounts payable | 47/48 | €9,673 | €41,303 | +€31,629 | +327.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,408 | €16,840 | +€1,432 | +9.3% |
| Other operating charges | 640/8 | €2,917 | €2,814 | -€103 | -3.5% |
| Gross operating margin | 9900 | €61,125 | €85,836 | +€24,711 | +40.4% |
| Operating profit (loss) | 9901 | €42,800 | €66,182 | +€23,382 | +54.6% |
| Financial income | 75/76B | €1,162 | €898 | -€264 | -22.7% |
| Recurring financial income | 75 | €1,162 | €898 | -€264 | -22.7% |
| Financial charges | 65/66B | €2,557 | €1,376 | -€1,181 | -46.2% |
| Recurring financial charges | 65 | €2,557 | €1,376 | -€1,181 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €41,405 | €65,704 | +€24,299 | +58.7% |
| Income taxes | 67/77 | €11,703 | €18,103 | +€6,400 | +54.7% |
| Profit (loss) for the period | 9904 | €29,702 | €47,601 | +€17,899 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,702 | €47,601 | +€17,899 | +60.3% |
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 8 October 2026 via checked.be.