DMCF: what changed
DMCF
Largest movements
- Receivables within one year -€24,083
down €24,083 (-45.7%), from €52,659 to €28,576
of which Other amounts receivable: -€17,549
- Cash +€10,885
up €10,885 (+181%), from €6,019 to €16,905
mainly Receivables within one year (+€24,083) and Net result for the year (+€9,515)
- Tangible fixed assets -€8,418
down €8,418 (-38.1%), from €22,115 to €13,697
- Contributions -€20,000
no longer reported in 2025 (was €20,000)
- Reserves +€4,296
up €4,296 (+10.3%), from €41,561 to €45,857
of which Distributable reserves: +€6,296
- Tax, wage and social debts -€2,125
down €2,125 (-28.7%), from €7,407 to €5,282
- Profit (loss) carried forward -€2,033
no longer reported in 2025 (was €2,033)
- Other debts -€1,179
down €1,179 (-14.0%), from €8,431 to €7,252
- Gross operating margin -€8,712
down €8,712 (-27.2%), from €32,059 to €23,347
- Depreciation +€4,209
up €4,209 (+100%), from €4,209 to €8,418
- Taxes -€2,819
down €2,819 (-34.9%), from €8,087 to €5,269
- Financial income -€1,050
down €1,050 (-92.6%), from €1,134 to €84
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,793 | €59,178 | -€21,615 | -26.8% |
| Fixed assets | 21/28 | €22,115 | €13,697 | -€8,418 | -38.1% |
| Tangible fixed assets | 22/27 | €22,115 | €13,697 | -€8,418 | -38.1% |
| Furniture and vehicles | 24 | €22,115 | €13,697 | -€8,418 | -38.1% |
| Current assets | 29/58 | €58,678 | €45,481 | -€13,197 | -22.5% |
| Amounts receivable within one year | 40/41 | €52,659 | €28,576 | -€24,083 | -45.7% |
| Trade receivables | 40 | €6,534 | - | -€6,534 | |
| Other amounts receivable | 41 | €46,125 | €28,576 | -€17,549 | -38.0% |
| Cash at bank and in hand | 54/58 | €6,019 | €16,905 | +€10,885 | +181% |
| Total equity and liabilities | 10/49 | €80,793 | €59,178 | -€21,615 | -26.8% |
| Equity | 10/15 | €63,594 | €45,857 | -€17,737 | -27.9% |
| Contributions | 10/11 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €41,561 | €45,857 | +€4,296 | +10.3% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €39,561 | €45,857 | +€6,296 | +15.9% |
| Profit (loss) carried forward | 14 | €2,033 | - | -€2,033 | |
| Amounts payable | 17/49 | €17,199 | €13,321 | -€3,879 | -22.6% |
| Amounts payable within one year | 42/48 | €17,199 | €13,321 | -€3,879 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €596 | - | -€596 | |
| Trade debts | 44 | €765 | €787 | +€22 | +2.9% |
| Suppliers | 440/4 | €765 | €787 | +€22 | +2.9% |
| Taxes, remuneration and social security | 45 | €7,407 | €5,282 | -€2,125 | -28.7% |
| Taxes | 450/3 | €7,407 | €5,282 | -€2,125 | -28.7% |
| Other amounts payable | 47/48 | €8,431 | €7,252 | -€1,179 | -14.0% |
| Non-recurring operating income | 76A | €11,537 | - | -€11,537 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,209 | €8,418 | +€4,209 | +100% |
| Other operating charges | 640/8 | - | €148 | +€148 | |
| Gross operating margin | 9900 | €32,059 | €23,347 | -€8,712 | -27.2% |
| Operating profit (loss) | 9901 | €27,850 | €14,781 | -€13,069 | -46.9% |
| Financial income | 75/76B | €1,134 | €84 | -€1,050 | -92.6% |
| Recurring financial income | 75 | €1,134 | €84 | -€1,050 | -92.6% |
| Financial charges | 65/66B | €118 | €80 | -€37 | -31.5% |
| Recurring financial charges | 65 | €118 | €80 | -€37 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €28,866 | €14,784 | -€14,082 | -48.8% |
| Income taxes | 67/77 | €8,087 | €5,269 | -€2,819 | -34.9% |
| Profit (loss) for the period | 9904 | €20,779 | €9,515 | -€11,263 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,779 | €9,515 | -€11,263 | -54.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.