DSM FINANCES: 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.
DSM FINANCES
Largest movements
- Cash +€27,597
up €27,597 (+58.6%), from €47,128 to €74,725
mainly Net result for the year (+€73,484) and Depreciation (+€17,233)
- Tangible fixed assets -€15,033
down €15,033 (-28.6%), from €52,578 to €37,545
of which Land and buildings: -€15,188
- Debts after one year -€55,147
down €55,147 (-57.2%), from €96,471 to €41,324
- Reserves +€55,000
up €55,000 (+73.0%), from €75,360 to €130,360
of which Distributable reserves: +€55,000
- Other debts +€8,252
up €8,252 (+543.3%), from €1,519 to €9,770
- Gross operating margin +€54,936
up €54,936 (+68.8%), from €79,804 to €134,740
- Taxes +€17,439
up €17,439 (+94.6%), from €18,439 to €35,877
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 | €380,910 | €389,617 | +€8,706 | +2.3% |
| Fixed assets | 21/28 | €328,378 | €313,345 | -€15,033 | -4.6% |
| Tangible fixed assets | 22/27 | €52,578 | €37,545 | -€15,033 | -28.6% |
| Land and buildings | 22 | €45,563 | €30,375 | -€15,188 | -33.3% |
| Plant, machinery and equipment | 23 | €1,830 | €1,311 | -€519 | -28.4% |
| Furniture and vehicles | 24 | €1,597 | €3,051 | +€1,454 | +91.1% |
| Other tangible fixed assets | 26 | €3,588 | €2,808 | -€780 | -21.7% |
| Financial fixed assets | 28 | €275,800 | €275,800 | = | 0.0% |
| Current assets | 29/58 | €52,532 | €76,271 | +€23,739 | +45.2% |
| Amounts receivable within one year | 40/41 | €5,208 | €1,546 | -€3,662 | -70.3% |
| Trade receivables | 40 | €4,968 | €1,048 | -€3,920 | -78.9% |
| Other amounts receivable | 41 | €240 | €498 | +€258 | +107.2% |
| Cash at bank and in hand | 54/58 | €47,128 | €74,725 | +€27,597 | +58.6% |
| Deferred charges and accrued income | 490/1 | €196 | - | -€196 | |
| Total equity and liabilities | 10/49 | €380,910 | €389,617 | +€8,706 | +2.3% |
| Equity | 10/15 | €241,334 | €299,818 | +€58,484 | +24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,360 | €130,360 | +€55,000 | +73.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €73,500 | €128,500 | +€55,000 | +74.8% |
| Profit (loss) carried forward | 14 | €147,374 | €150,858 | +€3,484 | +2.4% |
| Amounts payable | 17/49 | €139,576 | €89,799 | -€49,778 | -35.7% |
| Amounts payable after more than one year | 17 | €96,471 | €41,324 | -€55,147 | -57.2% |
| Financial debts | 170/4 | €96,471 | €41,324 | -€55,147 | -57.2% |
| Amounts payable within one year | 42/48 | €43,106 | €48,475 | +€5,369 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €24,952 | €23,147 | -€1,805 | -7.2% |
| Trade debts | 44 | €745 | €981 | +€236 | +31.6% |
| Suppliers | 440/4 | €745 | €981 | +€236 | +31.6% |
| Taxes, remuneration and social security | 45 | €15,890 | €14,577 | -€1,313 | -8.3% |
| Taxes | 450/3 | €15,890 | €14,577 | -€1,313 | -8.3% |
| Other amounts payable | 47/48 | €1,519 | €9,770 | +€8,252 | +543.3% |
| Remuneration, social security and pensions | 62 | €975 | €1,656 | +€680 | +69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,130 | €17,233 | -€897 | -4.9% |
| Other operating charges | 640/8 | €2,672 | €1,959 | -€712 | -26.7% |
| Non-recurring operating charges | 66A | - | €335 | +€335 | |
| Gross operating margin | 9900 | €79,804 | €134,740 | +€54,936 | +68.8% |
| Operating profit (loss) | 9901 | €58,027 | €113,557 | +€55,529 | +95.7% |
| Financial charges | 65/66B | €5,541 | €4,195 | -€1,345 | -24.3% |
| Recurring financial charges | 65 | €5,541 | €4,195 | -€1,345 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €52,486 | €109,361 | +€56,875 | +108.4% |
| Income taxes | 67/77 | €18,439 | €35,877 | +€17,439 | +94.6% |
| Profit (loss) for the period | 9904 | €34,048 | €73,484 | +€39,436 | +115.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,048 | €73,484 | +€39,436 | +115.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.