DZVM MED: 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.
DZVM MED
Largest movements
- Receivables within one year +€53,467
up €53,467 (+9.1%), from €588,995 to €642,462
of which Other amounts receivable: +€52,808
- Tangible fixed assets -€17,742
down €17,742 (-17.8%), from €99,450 to €81,708
of which Leasing and similar rights: -€40,861
- Reserves +€62,351
up €62,351 (+15.0%), from €415,461 to €477,812
of which Distributable reserves: +€62,351
- Debts after one year -€45,333
down €45,333 (-95.2%), from €47,602 to €2,269
- Trade debts +€35,767
up €35,767 (+145%), from €24,673 to €60,440
- Tax, wage and social debts -€28,256
down €28,256 (-25.1%), from €112,780 to €84,524
of which Taxes: -€29,856
- Current portion of long-term debt +€7,848
up €7,848 (+18.7%), from €42,020 to €49,868
- Staff costs +€11,288
new in 2025: €11,288
- Gross operating margin -€9,809
down €9,809 (-4.3%), from €225,640 to €215,831
- Depreciation -€9,064
down €9,064 (-24.7%), from €36,638 to €27,574
- Financial income +€6,518
up €6,518 (+23.6%), from €27,587 to €34,105
- Financial charges +€5,668
up €5,668 (+42.5%), from €13,331 to €18,999
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 | €752,704 | €777,063 | +€24,359 | +3.2% |
| Fixed assets | 21/28 | €102,150 | €84,408 | -€17,742 | -17.4% |
| Tangible fixed assets | 22/27 | €99,450 | €81,708 | -€17,742 | -17.8% |
| Furniture and vehicles | 24 | €55,277 | €80,880 | +€25,603 | +46.3% |
| Leasing and similar rights | 25 | €40,861 | - | -€40,861 | |
| Other tangible fixed assets | 26 | €3,312 | €828 | -€2,484 | -75.0% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €650,554 | €692,655 | +€42,101 | +6.5% |
| Amounts receivable within one year | 40/41 | €588,995 | €642,462 | +€53,467 | +9.1% |
| Trade receivables | 40 | - | €659 | +€659 | |
| Other amounts receivable | 41 | €588,995 | €641,803 | +€52,808 | +9.0% |
| Cash at bank and in hand | 54/58 | €9,007 | €2,669 | -€6,338 | -70.4% |
| Deferred charges and accrued income | 490/1 | €52,552 | €47,524 | -€5,028 | -9.6% |
| Total equity and liabilities | 10/49 | €752,704 | €777,063 | +€24,359 | +3.2% |
| Equity | 10/15 | €422,611 | €484,962 | +€62,351 | +14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €415,461 | €477,812 | +€62,351 | +15.0% |
| 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 | €413,601 | €475,952 | +€62,351 | +15.1% |
| Profit (loss) carried forward | 14 | €950 | €950 | = | 0.0% |
| Amounts payable | 17/49 | €330,093 | €292,101 | -€37,992 | -11.5% |
| Amounts payable after more than one year | 17 | €47,602 | €2,269 | -€45,333 | -95.2% |
| Financial debts | 170/4 | €47,602 | €2,269 | -€45,333 | -95.2% |
| Amounts payable within one year | 42/48 | €279,491 | €289,832 | +€10,341 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €42,020 | €49,868 | +€7,848 | +18.7% |
| Financial debts | 43 | €18 | - | -€18 | |
| Credit institutions | 430/8 | €18 | - | -€18 | |
| Trade debts | 44 | €24,673 | €60,440 | +€35,767 | +145% |
| Suppliers | 440/4 | €24,673 | €60,440 | +€35,767 | +145% |
| Taxes, remuneration and social security | 45 | €112,780 | €84,524 | -€28,256 | -25.1% |
| Taxes | 450/3 | €112,780 | €82,924 | -€29,856 | -26.5% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €100,000 | €95,000 | -€5,000 | -5.0% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | - | €11,288 | +€11,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,638 | €27,574 | -€9,064 | -24.7% |
| Other operating charges | 640/8 | €4,502 | €2,402 | -€2,100 | -46.6% |
| Non-recurring operating charges | 66A | - | €5,600 | +€5,600 | |
| Gross operating margin | 9900 | €225,640 | €215,831 | -€9,809 | -4.3% |
| Operating profit (loss) | 9901 | €184,500 | €168,967 | -€15,533 | -8.4% |
| Financial income | 75/76B | €27,587 | €34,105 | +€6,518 | +23.6% |
| Recurring financial income | 75 | €27,587 | €34,105 | +€6,518 | +23.6% |
| Financial charges | 65/66B | €13,331 | €18,999 | +€5,668 | +42.5% |
| Recurring financial charges | 65 | €13,331 | €18,999 | +€5,668 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €198,756 | €184,073 | -€14,683 | -7.4% |
| Income taxes | 67/77 | €29,952 | €26,721 | -€3,231 | -10.8% |
| Profit (loss) for the period | 9904 | €168,804 | €157,352 | -€11,452 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €168,804 | €157,352 | -€11,452 | -6.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.