DSMC: 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.
DSMC
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Receivables within one year +€39,771
up €39,771 (+159.6%), from €24,912 to €64,683
of which Trade receivables: +€45,566
- Tangible fixed assets -€13,710
down €13,710 (-12.7%), from €107,841 to €94,131
of which Furniture and vehicles: -€9,635
- Cash -€5,317
down €5,317 (-7.5%), from €71,003 to €65,685
mainly Current investments (-€40,000) and Receivables within one year (-€39,771)
- Reserves +€73,435
up €73,435 (+54.4%), from €135,003 to €208,438
- Other debts -€22,155
down €22,155 (-45.5%), from €48,712 to €26,558
- Tax, wage and social debts +€15,495
up €15,495 (+184.9%), from €8,380 to €23,875
- Trade debts -€4,340
down €4,340 (-65.7%), from €6,604 to €2,264
- Gross operating margin +€41,630
up €41,630 (+50.7%), from €82,144 to €123,773
- Taxes +€10,674
up €10,674 (+58.1%), from €18,380 to €29,054
- Depreciation +€5,362
up €5,362 (+35.1%), from €15,271 to €20,632
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 | €204,899 | €267,334 | +€62,435 | +30.5% |
| Fixed assets | 21/28 | €107,841 | €94,131 | -€13,710 | -12.7% |
| Tangible fixed assets | 22/27 | €107,841 | €94,131 | -€13,710 | -12.7% |
| Land and buildings | 22 | €82,287 | €78,213 | -€4,074 | -5.0% |
| Furniture and vehicles | 24 | €25,554 | €15,918 | -€9,635 | -37.7% |
| Current assets | 29/58 | €97,058 | €173,203 | +€76,145 | +78.5% |
| Amounts receivable within one year | 40/41 | €24,912 | €64,683 | +€39,771 | +159.6% |
| Trade receivables | 40 | €18,171 | €63,737 | +€45,566 | +250.8% |
| Other amounts receivable | 41 | €6,741 | €946 | -€5,795 | -86.0% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €71,003 | €65,685 | -€5,317 | -7.5% |
| Deferred charges and accrued income | 490/1 | €1,143 | €2,834 | +€1,691 | +147.9% |
| Total equity and liabilities | 10/49 | €204,899 | €267,334 | +€62,435 | +30.5% |
| Equity | 10/15 | €141,203 | €214,638 | +€73,435 | +52.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €135,003 | €208,438 | +€73,435 | +54.4% |
| Distributable reserves | 133 | €135,003 | €208,438 | +€73,435 | +54.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,695 | €52,696 | -€10,999 | -17.3% |
| Amounts payable within one year | 42/48 | €63,695 | €52,696 | -€10,999 | -17.3% |
| Trade debts | 44 | €6,604 | €2,264 | -€4,340 | -65.7% |
| Suppliers | 440/4 | €6,604 | €2,264 | -€4,340 | -65.7% |
| Taxes, remuneration and social security | 45 | €8,380 | €23,875 | +€15,495 | +184.9% |
| Taxes | 450/3 | €8,380 | €23,875 | +€15,495 | +184.9% |
| Other amounts payable | 47/48 | €48,712 | €26,558 | -€22,155 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,271 | €20,632 | +€5,362 | +35.1% |
| Other operating charges | 640/8 | €419 | €429 | +€11 | +2.6% |
| Gross operating margin | 9900 | €82,144 | €123,773 | +€41,630 | +50.7% |
| Operating profit (loss) | 9901 | €66,454 | €102,711 | +€36,257 | +54.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +370.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +370.0% |
| Financial charges | 65/66B | €842 | €224 | -€618 | -73.4% |
| Recurring financial charges | 65 | €842 | €224 | -€618 | -73.4% |
| Profit (loss) for the period before taxes | 9903 | €65,613 | €102,488 | +€36,876 | +56.2% |
| Income taxes | 67/77 | €18,380 | €29,054 | +€10,674 | +58.1% |
| Profit (loss) for the period | 9904 | €47,233 | €73,435 | +€26,202 | +55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,233 | €73,435 | +€26,202 | +55.5% |
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.