DNM: 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.
DNM
Largest movements
- Current investments -€62,908
down €62,908 (-15.9%), from €396,852 to €333,944
- Cash +€35,857
up €35,857 (+30.0%), from €119,669 to €155,525
mainly Current investments (+€62,908) and Net result for the year (+€23,200)
- Other debts -€75,020
no longer reported in 2025 (was €75,020)
- Financial income -€188,104
down €188,104 (-97.9%), from €192,181 to €4,077
- Taxes -€19,430
down €19,430 (-66.6%), from €29,178 to €9,749
- Gross operating margin -€1,528
down €1,528 (-2.8%), from €54,863 to €53,335
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 | €2,682,875 | €2,622,551 | -€60,324 | -2.2% |
| Fixed assets | 21/28 | €1,956,939 | €1,934,847 | -€22,092 | -1.1% |
| Tangible fixed assets | 22/27 | €224,939 | €202,847 | -€22,092 | -9.8% |
| Land and buildings | 22 | €198,259 | €190,864 | -€7,395 | -3.7% |
| Plant, machinery and equipment | 23 | €1,499 | €1,109 | -€389 | -26.0% |
| Furniture and vehicles | 24 | €25,182 | €10,874 | -€14,308 | -56.8% |
| Financial fixed assets | 28 | €1,732,000 | €1,732,000 | = | 0.0% |
| Current assets | 29/58 | €725,936 | €687,704 | -€38,232 | -5.3% |
| Amounts receivable within one year | 40/41 | €208,889 | €197,685 | -€11,204 | -5.4% |
| Trade receivables | 40 | €15,125 | - | -€15,125 | |
| Other amounts receivable | 41 | €193,764 | €197,685 | +€3,921 | +2.0% |
| Current investments | 50/53 | €396,852 | €333,944 | -€62,908 | -15.9% |
| Cash at bank and in hand | 54/58 | €119,669 | €155,525 | +€35,857 | +30.0% |
| Deferred charges and accrued income | 490/1 | €526 | €550 | +€24 | +4.6% |
| Total equity and liabilities | 10/49 | €2,682,875 | €2,622,551 | -€60,324 | -2.2% |
| Equity | 10/15 | €2,568,987 | €2,592,187 | +€23,200 | +0.9% |
| Contributions | 10/11 | €1,155,200 | €1,155,200 | = | 0.0% |
| Contributions outside capital | 11 | €1,155,200 | €1,155,200 | = | 0.0% |
| Share premium | 1100/10 | €982,000 | €982,000 | = | 0.0% |
| Other | 1109/19 | €173,200 | €173,200 | = | 0.0% |
| Reserves | 13 | €1,413,787 | €1,436,987 | +€23,200 | +1.6% |
| Non-distributable reserves | 130/1 | €192,898 | - | -€192,898 | |
| Reserves not available under the articles | 1311 | €192,898 | - | -€192,898 | |
| Distributable reserves | 133 | €1,220,889 | €1,436,987 | +€216,097 | +17.7% |
| Amounts payable | 17/49 | €113,888 | €30,365 | -€83,523 | -73.3% |
| Amounts payable within one year | 42/48 | €113,888 | €30,365 | -€83,523 | -73.3% |
| Trade debts | 44 | €2,736 | €696 | -€2,040 | -74.6% |
| Suppliers | 440/4 | €2,736 | €696 | -€2,040 | -74.6% |
| Advances received on contracts in progress | 46 | - | €180 | +€180 | |
| Taxes, remuneration and social security | 45 | €36,132 | €29,489 | -€6,643 | -18.4% |
| Taxes | 450/3 | €36,132 | €29,489 | -€6,643 | -18.4% |
| Other amounts payable | 47/48 | €75,020 | - | -€75,020 | |
| Remuneration, social security and pensions | 62 | - | -€262 | -€262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,575 | €22,092 | -€483 | -2.1% |
| Other operating charges | 640/8 | €2,363 | €2,602 | +€239 | +10.1% |
| Gross operating margin | 9900 | €54,863 | €53,335 | -€1,528 | -2.8% |
| Operating profit (loss) | 9901 | €29,925 | €28,902 | -€1,023 | -3.4% |
| Financial income | 75/76B | €192,181 | €4,077 | -€188,104 | -97.9% |
| Recurring financial income | 75 | €192,181 | €4,077 | -€188,104 | -97.9% |
| Financial charges | 65/66B | €30 | €30 | +€0 | +0.9% |
| Recurring financial charges | 65 | €30 | €30 | +€0 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €222,076 | €32,949 | -€189,127 | -85.2% |
| Income taxes | 67/77 | €29,178 | €9,749 | -€19,430 | -66.6% |
| Profit (loss) for the period | 9904 | €192,898 | €23,200 | -€169,698 | -88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €192,898 | €23,200 | -€169,698 | -88.0% |
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 17 October 2026 via checked.be.