Da-Ma: 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.
Da-Ma
Largest movements
- Tangible fixed assets +€2.8m
up €2.8m (+228%), from €1.2m to €4.0m
of which Land and buildings: +€2.8m
- Debts after one year +€2.1m
up €2.1m (+342%), from €617,871 to €2.7m
- Other debts +€393,759
up €393,759 (+341%), from €115,500 to €509,259
- Current portion of long-term debt +€177,073
up €177,073 (+97.5%), from €181,634 to €358,707
- Reserves +€84,174
up €84,174 (+4,209%), from €2,000 to €86,174
- Gross operating margin +€60,189
up €60,189 (+27.2%), from €221,107 to €281,296
- Financial charges +€23,222
up €23,222 (+74.9%), from €31,009 to €54,230
- Other operating charges +€9,961
up €9,961 (+48.4%), from €20,561 to €30,521
- Taxes +€7,548
up €7,548 (+39.5%), from €19,128 to €26,676
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 | €1,222,676 | €4,007,727 | +€2.8m | +228% |
| Fixed assets | 21/28 | €1,213,845 | €3,975,765 | +€2.8m | +228% |
| Tangible fixed assets | 22/27 | €1,213,845 | €3,975,765 | +€2.8m | +228% |
| Land and buildings | 22 | €1,211,672 | €3,974,983 | +€2.8m | +228% |
| Furniture and vehicles | 24 | €2,172 | €781 | -€1,391 | -64.0% |
| Current assets | 29/58 | €8,831 | €31,962 | +€23,131 | +262% |
| Amounts receivable within one year | 40/41 | €5,322 | €7,480 | +€2,158 | +40.5% |
| Trade receivables | 40 | €4,450 | €7,480 | +€3,030 | +68.1% |
| Other amounts receivable | 41 | €872 | - | -€872 | |
| Cash at bank and in hand | 54/58 | €3,509 | €24,482 | +€20,973 | +598% |
| Total equity and liabilities | 10/49 | €1,222,676 | €4,007,727 | +€2.8m | +228% |
| Equity | 10/15 | €287,157 | €371,331 | +€84,174 | +29.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €86,174 | +€84,174 | +4,209% |
| Distributable reserves | 133 | €2,000 | €86,174 | +€84,174 | +4,209% |
| Profit (loss) carried forward | 14 | €265,157 | €265,157 | = | 0.0% |
| Amounts payable | 17/49 | €935,518 | €3,636,395 | +€2.7m | +289% |
| Amounts payable after more than one year | 17 | €617,871 | €2,731,664 | +€2.1m | +342% |
| Financial debts | 170/4 | €617,871 | €2,731,664 | +€2.1m | +342% |
| Amounts payable within one year | 42/48 | €307,666 | €899,741 | +€592,075 | +192% |
| Current portion of amounts payable after more than one year | 42 | €181,634 | €358,707 | +€177,073 | +97.5% |
| Trade debts | 44 | - | €6,337 | +€6,337 | |
| Suppliers | 440/4 | - | €6,337 | +€6,337 | |
| Taxes, remuneration and social security | 45 | €10,532 | €25,438 | +€14,905 | +142% |
| Taxes | 450/3 | €10,532 | €25,438 | +€14,905 | +142% |
| Other amounts payable | 47/48 | €115,500 | €509,259 | +€393,759 | +341% |
| Accrued charges and deferred income | 492/3 | €9,981 | €4,990 | -€4,990 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,036 | €85,695 | -€2,341 | -2.7% |
| Other operating charges | 640/8 | €20,561 | €30,521 | +€9,961 | +48.4% |
| Gross operating margin | 9900 | €221,107 | €281,296 | +€60,189 | +27.2% |
| Operating profit (loss) | 9901 | €112,511 | €165,080 | +€52,570 | +46.7% |
| Financial charges | 65/66B | €31,009 | €54,230 | +€23,222 | +74.9% |
| Recurring financial charges | 65 | €31,009 | €54,230 | +€23,222 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | €81,502 | €110,850 | +€29,348 | +36.0% |
| Income taxes | 67/77 | €19,128 | €26,676 | +€7,548 | +39.5% |
| Profit (loss) for the period | 9904 | €62,374 | €84,174 | +€21,800 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,374 | €84,174 | +€21,800 | +34.9% |
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 25 October 2026 via checked.be.