Group DM: 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.
Group DM
Largest movements
- Cash -€21,878
down €21,878 (-28.9%), from €75,667 to €53,789
mainly Net result for the year (-€30,309) and Debts after one year (-€8,451)
- Tangible fixed assets -€19,610
down €19,610 (-25.7%), from €76,320 to €56,710
of which Plant, machinery and equipment: -€12,187
- Deferred charges and accrued income -€8,850
down €8,850 (-83.8%), from €10,565 to €1,716
- Receivables within one year +€2,805
up €2,805 (+6.6%), from €42,773 to €45,577
of which Other amounts receivable: +€7,868
- Profit (loss) carried forward -€61,524
down €61,524 (-100.0%), from €61,524 to €0
- Reserves +€31,215
up €31,215 (+92.7%), from €33,671 to €64,887
- Debts after one year -€8,451
down €8,451 (-32.3%), from €26,145 to €17,694
of which Financial debts: -€26,145
- Trade debts -€7,719
down €7,719 (-38.8%), from €19,912 to €12,192
- Tax, wage and social debts -€4,147
down €4,147 (-96.6%), from €4,295 to €148
of which Taxes: -€3,147
- Gross operating margin -€97,714
down €97,714 (-98.7%), from €99,004 to €1,290
- Staff costs -€40,913
down €40,913 (-96.4%), from €42,444 to €1,531
- Taxes -€7,044
down €7,044 (-100.0%), from €7,044 to €0
- Depreciation +€3,830
up €3,830 (+19.8%), from €19,378 to €23,208
- Financial charges -€3,716
down €3,716 (-38.8%), from €9,577 to €5,862
of which Non-recurring financial charges: -€1,942
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 | €205,325 | €157,792 | -€47,532 | -23.1% |
| Fixed assets | 21/28 | €76,320 | €56,710 | -€19,610 | -25.7% |
| Tangible fixed assets | 22/27 | €76,320 | €56,710 | -€19,610 | -25.7% |
| Plant, machinery and equipment | 23 | €44,035 | €31,848 | -€12,187 | -27.7% |
| Furniture and vehicles | 24 | €32,285 | €24,862 | -€7,422 | -23.0% |
| Current assets | 29/58 | €129,005 | €101,082 | -€27,922 | -21.6% |
| Amounts receivable within one year | 40/41 | €42,773 | €45,577 | +€2,805 | +6.6% |
| Trade receivables | 40 | €40,817 | €35,754 | -€5,063 | -12.4% |
| Other amounts receivable | 41 | €1,956 | €9,824 | +€7,868 | +402.3% |
| Cash at bank and in hand | 54/58 | €75,667 | €53,789 | -€21,878 | -28.9% |
| Deferred charges and accrued income | 490/1 | €10,565 | €1,716 | -€8,850 | -83.8% |
| Total equity and liabilities | 10/49 | €205,325 | €157,792 | -€47,532 | -23.1% |
| Equity | 10/15 | €113,745 | €83,437 | -€30,309 | -26.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €33,671 | €64,887 | +€31,215 | +92.7% |
| Distributable reserves | 133 | €33,671 | €64,887 | +€31,215 | +92.7% |
| Profit (loss) carried forward | 14 | €61,524 | €0 | -€61,524 | -100.0% |
| Amounts payable | 17/49 | €91,579 | €74,356 | -€17,223 | -18.8% |
| Amounts payable after more than one year | 17 | €26,145 | €17,694 | -€8,451 | -32.3% |
| Financial debts | 170/4 | €26,145 | €0 | -€26,145 | -100.0% |
| Other amounts payable | 178/9 | - | €17,694 | +€17,694 | |
| Amounts payable within one year | 42/48 | €65,434 | €56,662 | -€8,772 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €7,977 | €8,403 | +€426 | +5.3% |
| Trade debts | 44 | €19,912 | €12,192 | -€7,719 | -38.8% |
| Suppliers | 440/4 | €19,912 | €12,192 | -€7,719 | -38.8% |
| Taxes, remuneration and social security | 45 | €4,295 | €148 | -€4,147 | -96.6% |
| Taxes | 450/3 | €3,295 | €148 | -€3,147 | -95.5% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100.0% |
| Other amounts payable | 47/48 | €33,251 | €35,919 | +€2,668 | +8.0% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €42,444 | €1,531 | -€40,913 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,378 | €23,208 | +€3,830 | +19.8% |
| Other operating charges | 640/8 | €683 | €1,004 | +€321 | +47.0% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €99,004 | €1,290 | -€97,714 | -98.7% |
| Operating profit (loss) | 9901 | €36,499 | -€24,454 | -€60,952 | |
| Financial income | 75/76B | €259 | €7 | -€253 | -97.4% |
| Recurring financial income | 75 | €99 | €7 | -€93 | -93.3% |
| Non-recurring financial income | 76B | €160 | - | -€160 | |
| Financial charges | 65/66B | €9,577 | €5,862 | -€3,716 | -38.8% |
| Recurring financial charges | 65 | €7,636 | €5,862 | -€1,774 | -23.2% |
| Non-recurring financial charges | 66B | €1,942 | - | -€1,942 | |
| Profit (loss) for the period before taxes | 9903 | €27,180 | -€30,309 | -€57,489 | |
| Income taxes | 67/77 | €7,044 | €0 | -€7,044 | -100.0% |
| Profit (loss) for the period | 9904 | €20,136 | -€30,309 | -€50,445 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,136 | -€30,309 | -€50,445 |
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 10 October 2026 via checked.be.