D.A.M.S.: 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.
D.A.M.S.
Largest movements
- Tangible fixed assets +€348,614
up €348,614 (+339.8%), from €102,596 to €451,210
of which Land and buildings: +€351,932
- Cash -€216,770
down €216,770 (-99.7%), from €217,375 to €605
mainly Investment in fixed assets (net) (-€411,780) and Smaller working-capital items (-€756)
- Reserves +€108,728
up €108,728 (+59.3%), from €183,334 to €292,062
of which Tax-exempt reserves: +€108,728
- Profit (loss) carried forward -€90,441
down €90,441 (-444.3%), from -€20,358 to -€110,799
- Other debts +€76,716
up €76,716 (+413.8%), from €18,538 to €95,254
- Provisions +€36,243
up €36,243 (+61.8%), from €58,632 to €94,875
- Gross operating margin -€92,571
down €92,571 (-43.4%), from €213,237 to €120,666
- Depreciation +€51,886
up €51,886 (+460.0%), from €11,280 to €63,166
- Other operating charges -€2,581
down €2,581 (-55.1%), from €4,687 to €2,106
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 | €320,071 | €452,696 | +€132,625 | +41.4% |
| Fixed assets | 21/28 | €102,596 | €451,210 | +€348,614 | +339.8% |
| Tangible fixed assets | 22/27 | €102,596 | €451,210 | +€348,614 | +339.8% |
| Land and buildings | 22 | €98,186 | €450,117 | +€351,932 | +358.4% |
| Plant, machinery and equipment | 23 | €1,052 | €834 | -€218 | -20.7% |
| Furniture and vehicles | 24 | €3,358 | €258 | -€3,100 | -92.3% |
| Current assets | 29/58 | €217,475 | €1,486 | -€215,989 | -99.3% |
| Amounts receivable within one year | 40/41 | €100 | €881 | +€781 | +781.2% |
| Trade receivables | 40 | €100 | €881 | +€781 | +781.2% |
| Cash at bank and in hand | 54/58 | €217,375 | €605 | -€216,770 | -99.7% |
| Total equity and liabilities | 10/49 | €320,071 | €452,696 | +€132,625 | +41.4% |
| Equity | 10/15 | €237,344 | €255,631 | +€18,287 | +7.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €183,334 | €292,062 | +€108,728 | +59.3% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €175,897 | €284,625 | +€108,728 | +61.8% |
| Profit (loss) carried forward | 14 | -€20,358 | -€110,799 | -€90,441 | -444.3% |
| Provisions and deferred taxes | 16 | €58,632 | €94,875 | +€36,243 | +61.8% |
| Deferred taxes | 168 | €58,632 | €94,875 | +€36,243 | +61.8% |
| Amounts payable | 17/49 | €24,094 | €102,190 | +€78,096 | +324.1% |
| Amounts payable after more than one year | 17 | €3,310 | €3,310 | = | 0.0% |
| Other amounts payable | 178/9 | €3,310 | €3,310 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,784 | €98,880 | +€78,096 | +375.7% |
| Trade debts | 44 | €2,047 | €3,402 | +€1,355 | +66.2% |
| Suppliers | 440/4 | €2,047 | €3,402 | +€1,355 | +66.2% |
| Taxes, remuneration and social security | 45 | €199 | €224 | +€25 | +12.7% |
| Taxes | 450/3 | €199 | €224 | +€25 | +12.7% |
| Other amounts payable | 47/48 | €18,538 | €95,254 | +€76,716 | +413.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,280 | €63,166 | +€51,886 | +460.0% |
| Other operating charges | 640/8 | €4,687 | €2,106 | -€2,581 | -55.1% |
| Gross operating margin | 9900 | €213,237 | €120,666 | -€92,571 | -43.4% |
| Operating profit (loss) | 9901 | €197,269 | €55,394 | -€141,875 | -71.9% |
| Financial income | 75/76B | €60 | €731 | +€671 | +1119.5% |
| Recurring financial income | 75 | €60 | €731 | +€671 | +1119.5% |
| Financial charges | 65/66B | €1,741 | €1,153 | -€588 | -33.8% |
| Recurring financial charges | 65 | €1,741 | €1,153 | -€588 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €195,589 | €54,973 | -€140,616 | -71.9% |
| Transfer to deferred taxes | 680 | €58,632 | €36,243 | -€22,390 | -38.2% |
| Income taxes | 67/77 | €17 | €443 | +€426 | +2555.0% |
| Profit (loss) for the period | 9904 | €136,940 | €18,287 | -€118,653 | -86.6% |
| Transfer from tax-exempt reserves | 789 | €16,142 | - | -€16,142 | |
| Transfer to tax-exempt reserves | 689 | €175,897 | €108,728 | -€67,169 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,815 | -€90,441 | -€67,626 | -296.4% |
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.