DLM: 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.
DLM
Largest movements
- Tangible fixed assets +€2.4m
up €2.4m (+217%), from €1.1m to €3.5m
of which Land and buildings: +€2.3m
- Receivables within one year +€246,932
up €246,932 (+5,060,074%), from €5 to €246,937
of which Other amounts receivable: +€235,984
- Cash +€157,083
up €157,083 (+200%), from €78,615 to €235,698
mainly Short-term financial debts (+€2.2m) and Other debts (+€777,495)
- Short-term financial debts +€2.2m
new in 2025: €2.2m
- Other debts +€777,495
up €777,495 (+90.4%), from €860,272 to €1.6m
- Profit (loss) carried forward -€227,376
down €227,376 (-122%), from -€186,753 to -€414,129
- Depreciation +€213,858
up €213,858 (+368%), from €58,148 to €272,006
- Gross operating margin +€27,029
up €27,029 (+59.2%), from €45,651 to €72,681
- Financial charges +€7,626
up €7,626 (+10,648%), from €72 to €7,698
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 | €1,179,096 | €3,955,949 | +€2.8m | +236% |
| Fixed assets | 21/28 | €1,096,852 | €3,473,314 | +€2.4m | +217% |
| Tangible fixed assets | 22/27 | €1,096,852 | €3,473,314 | +€2.4m | +217% |
| Land and buildings | 22 | €1,096,852 | €3,375,322 | +€2.3m | +208% |
| Furniture and vehicles | 24 | - | €97,992 | +€97,992 | |
| Current assets | 29/58 | €82,244 | €482,634 | +€400,390 | +487% |
| Amounts receivable within one year | 40/41 | €5 | €246,937 | +€246,932 | +5,060,074% |
| Trade receivables | 40 | €0 | €10,948 | +€10,948 | |
| Other amounts receivable | 41 | €5 | €235,988 | +€235,984 | +4,835,728% |
| Cash at bank and in hand | 54/58 | €78,615 | €235,698 | +€157,083 | +200% |
| Deferred charges and accrued income | 490/1 | €3,625 | €0 | -€3,625 | -100% |
| Total equity and liabilities | 10/49 | €1,179,096 | €3,955,949 | +€2.8m | +236% |
| Equity | 10/15 | €294,747 | €67,371 | -€227,376 | -77.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €461,500 | €461,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €442,900 | €442,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,753 | -€414,129 | -€227,376 | -122% |
| Amounts payable | 17/49 | €884,349 | €3,888,577 | +€3.0m | +340% |
| Amounts payable within one year | 42/48 | €884,349 | €3,882,153 | +€3.0m | +339% |
| Financial debts | 43 | - | €2,230,000 | +€2.2m | |
| Credit institutions | 430/8 | - | €2,230,000 | +€2.2m | |
| Trade debts | 44 | €18,803 | €14,385 | -€4,418 | -23.5% |
| Suppliers | 440/4 | €18,803 | €14,385 | -€4,418 | -23.5% |
| Taxes, remuneration and social security | 45 | €5,274 | €0 | -€5,274 | -100% |
| Taxes | 450/3 | €5,274 | €0 | -€5,274 | -100% |
| Other amounts payable | 47/48 | €860,272 | €1,637,767 | +€777,495 | +90.4% |
| Accrued charges and deferred income | 492/3 | - | €6,425 | +€6,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,148 | €272,006 | +€213,858 | +368% |
| Other operating charges | 640/8 | €19,692 | €20,353 | +€661 | +3.4% |
| Gross operating margin | 9900 | €45,651 | €72,681 | +€27,029 | +59.2% |
| Operating profit (loss) | 9901 | -€32,189 | -€219,678 | -€187,489 | -582% |
| Financial charges | 65/66B | €72 | €7,698 | +€7,626 | +10,648% |
| Recurring financial charges | 65 | €72 | €7,698 | +€7,626 | +10,648% |
| Profit (loss) for the period before taxes | 9903 | -€32,261 | -€227,376 | -€195,115 | -605% |
| Profit (loss) for the period | 9904 | -€32,261 | -€227,376 | -€195,115 | -605% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,261 | -€227,376 | -€195,115 | -605% |
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 27 October 2026 via checked.be.