DSM TROTTING: 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.
DSM TROTTING
Largest movements
- Cash +€240,547
up €240,547 (+132%), from €182,410 to €422,957
mainly Receivables within one year (+€169,679) and Depreciation (+€60,414)
- Receivables within one year -€169,679
down €169,679 (-45.9%), from €370,075 to €200,396
of which Trade receivables: -€99,669
- Tangible fixed assets -€57,185
down €57,185 (-32.6%), from €175,222 to €118,037
of which Furniture and vehicles: -€48,658
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Trade debts +€45,328
up €45,328 (+88.5%), from €51,244 to €96,572
- Other debts -€42,483
down €42,483 (-60.4%), from €70,357 to €27,874
- Current portion of long-term debt -€22,573
down €22,573 (-91.3%), from €24,722 to €2,149
- Advances received -€20,062
no longer reported in 2025 (was €20,062)
- Reserves +€14,125
up €14,125 (+3.0%), from €478,373 to €492,498
- Gross operating margin +€20,199
up €20,199 (+11.1%), from €182,756 to €202,955
- Staff costs +€16,589
up €16,589 (+27.2%), from €60,897 to €77,486
- Financial charges -€6,846
down €6,846 (-19.4%), from €35,235 to €28,390
- Financial income -€4,980
down €4,980 (-57.9%), from €8,599 to €3,619
- Write-downs -€2,352
new in 2025: -€2,352
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 | €899,616 | €873,558 | -€26,058 | -2.9% |
| Fixed assets | 21/28 | €183,006 | €122,592 | -€60,414 | -33.0% |
| Intangible fixed assets | 21 | €7,735 | €4,505 | -€3,229 | -41.8% |
| Tangible fixed assets | 22/27 | €175,222 | €118,037 | -€57,185 | -32.6% |
| Plant, machinery and equipment | 23 | €1,651 | €643 | -€1,008 | -61.1% |
| Furniture and vehicles | 24 | €122,309 | €73,652 | -€48,658 | -39.8% |
| Other tangible fixed assets | 26 | €51,261 | €43,742 | -€7,519 | -14.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €716,609 | €750,965 | +€34,356 | +4.8% |
| Stocks and contracts in progress | 3 | €103,002 | €105,353 | +€2,351 | +2.3% |
| Stocks | 30/36 | €103,002 | €105,353 | +€2,351 | +2.3% |
| Amounts receivable within one year | 40/41 | €370,075 | €200,396 | -€169,679 | -45.9% |
| Trade receivables | 40 | €299,585 | €199,915 | -€99,669 | -33.3% |
| Other amounts receivable | 41 | €70,490 | €480 | -€70,010 | -99.3% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €182,410 | €422,957 | +€240,547 | +132% |
| Deferred charges and accrued income | 490/1 | €21,123 | €22,260 | +€1,137 | +5.4% |
| Total equity and liabilities | 10/49 | €899,616 | €873,558 | -€26,058 | -2.9% |
| Equity | 10/15 | €496,923 | €511,048 | +€14,125 | +2.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €478,373 | €492,498 | +€14,125 | +3.0% |
| Distributable reserves | 133 | €478,373 | €492,498 | +€14,125 | +3.0% |
| Amounts payable | 17/49 | €402,693 | €362,509 | -€40,184 | -10.0% |
| Amounts payable after more than one year | 17 | €197,283 | €195,134 | -€2,149 | -1.1% |
| Financial debts | 170/4 | €197,283 | €195,134 | -€2,149 | -1.1% |
| Amounts payable within one year | 42/48 | €183,503 | €152,658 | -€30,845 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €24,722 | €2,149 | -€22,573 | -91.3% |
| Trade debts | 44 | €51,244 | €96,572 | +€45,328 | +88.5% |
| Suppliers | 440/4 | €51,244 | €96,572 | +€45,328 | +88.5% |
| Advances received on contracts in progress | 46 | €20,062 | - | -€20,062 | |
| Taxes, remuneration and social security | 45 | €17,118 | €26,063 | +€8,944 | +52.3% |
| Taxes | 450/3 | €3,953 | €9,936 | +€5,983 | +151% |
| Remuneration and social security | 454/9 | €13,165 | €16,126 | +€2,961 | +22.5% |
| Other amounts payable | 47/48 | €70,357 | €27,874 | -€42,483 | -60.4% |
| Accrued charges and deferred income | 492/3 | €21,907 | €14,717 | -€7,190 | -32.8% |
| Non-recurring operating income | 76A | €10,900 | - | -€10,900 | |
| Remuneration, social security and pensions | 62 | €60,897 | €77,486 | +€16,589 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,438 | €60,414 | -€24 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,352 | -€2,352 | |
| Other operating charges | 640/8 | €2,192 | €4,249 | +€2,057 | +93.8% |
| Gross operating margin | 9900 | €182,756 | €202,955 | +€20,199 | +11.1% |
| Operating profit (loss) | 9901 | €59,229 | €63,158 | +€3,930 | +6.6% |
| Financial income | 75/76B | €8,599 | €3,619 | -€4,980 | -57.9% |
| Recurring financial income | 75 | €8,599 | €3,619 | -€4,980 | -57.9% |
| Financial charges | 65/66B | €35,235 | €28,390 | -€6,846 | -19.4% |
| Recurring financial charges | 65 | €35,235 | €28,390 | -€6,846 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €32,593 | €38,388 | +€5,795 | +17.8% |
| Income taxes | 67/77 | €9,399 | €9,262 | -€137 | -1.5% |
| Profit (loss) for the period | 9904 | €23,194 | €29,125 | +€5,932 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,194 | €29,125 | +€5,932 | +25.6% |
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 31 October 2026 via checked.be.