DN MANAGEMENT SERVICES: 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.
DN MANAGEMENT SERVICES
Largest movements
- Tangible fixed assets -€8,066
down €8,066 (-2.5%), from €325,341 to €317,275
of which Land and buildings: -€11,407
- Receivables within one year +€5,331
new in 2025: €5,331
of which Trade receivables: +€4,350
- Cash -€4,354
down €4,354 (-19.1%), from €22,814 to €18,460
mainly Other debts (-€17,853) and Debts after one year (-€12,702)
- Other debts -€17,853
down €17,853 (-35.6%), from €50,098 to €32,245
- Profit (loss) carried forward +€14,036
up €14,036 (+6.1%), from €230,776 to €244,812
- Debts after one year -€12,702
down €12,702 (-39.8%), from €31,925 to €19,223
- Trade debts +€5,774
up €5,774 (+125.6%), from €4,597 to €10,371
- Tax, wage and social debts +€3,484
up €3,484 (+22.9%), from €15,230 to €18,714
- Gross operating margin -€46,333
down €46,333 (-53.7%), from €86,268 to €39,935
- Taxes -€10,266
down €10,266 (-64.2%), from €15,982 to €5,716
- Depreciation -€1,142
down €1,142 (-7.7%), from €14,867 to €13,724
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 | €348,155 | €341,065 | -€7,089 | -2.0% |
| Fixed assets | 21/28 | €325,341 | €317,275 | -€8,066 | -2.5% |
| Tangible fixed assets | 22/27 | €325,341 | €317,275 | -€8,066 | -2.5% |
| Land and buildings | 22 | €321,301 | €309,894 | -€11,407 | -3.6% |
| Furniture and vehicles | 24 | €4,039 | €7,381 | +€3,341 | +82.7% |
| Current assets | 29/58 | €22,814 | €23,790 | +€977 | +4.3% |
| Amounts receivable within one year | 40/41 | - | €5,331 | +€5,331 | |
| Trade receivables | 40 | - | €4,350 | +€4,350 | |
| Other amounts receivable | 41 | - | €981 | +€981 | |
| Cash at bank and in hand | 54/58 | €22,814 | €18,460 | -€4,354 | -19.1% |
| Total equity and liabilities | 10/49 | €348,155 | €341,065 | -€7,089 | -2.0% |
| Equity | 10/15 | €233,776 | €247,812 | +€14,036 | +6.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,776 | €244,812 | +€14,036 | +6.1% |
| Amounts payable | 17/49 | €114,379 | €93,254 | -€21,125 | -18.5% |
| Amounts payable after more than one year | 17 | €31,925 | €19,223 | -€12,702 | -39.8% |
| Financial debts | 170/4 | €31,925 | €19,223 | -€12,702 | -39.8% |
| Amounts payable within one year | 42/48 | €82,454 | €74,031 | -€8,423 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €12,529 | €12,702 | +€173 | +1.4% |
| Trade debts | 44 | €4,597 | €10,371 | +€5,774 | +125.6% |
| Suppliers | 440/4 | €4,597 | €10,371 | +€5,774 | +125.6% |
| Taxes, remuneration and social security | 45 | €15,230 | €18,714 | +€3,484 | +22.9% |
| Taxes | 450/3 | €15,230 | €18,714 | +€3,484 | +22.9% |
| Other amounts payable | 47/48 | €50,098 | €32,245 | -€17,853 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,867 | €13,724 | -€1,142 | -7.7% |
| Other operating charges | 640/8 | €1,012 | €1,750 | +€739 | +73.0% |
| Gross operating margin | 9900 | €86,268 | €39,935 | -€46,333 | -53.7% |
| Operating profit (loss) | 9901 | €70,390 | €24,461 | -€45,930 | -65.2% |
| Financial income | 75/76B | €10 | €21 | +€11 | +112.9% |
| Recurring financial income | 75 | €10 | €21 | +€11 | +112.9% |
| Financial charges | 65/66B | €4,468 | €4,730 | +€261 | +5.8% |
| Recurring financial charges | 65 | €4,468 | €4,730 | +€261 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €65,932 | €19,752 | -€46,180 | -70.0% |
| Income taxes | 67/77 | €15,982 | €5,716 | -€10,266 | -64.2% |
| Profit (loss) for the period | 9904 | €49,950 | €14,036 | -€35,914 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,950 | €14,036 | -€35,914 | -71.9% |
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 6 October 2026 via checked.be.