DAEM ECO: 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.
DAEM ECO
Largest movements
- Cash +€114,446
up €114,446 (+130.9%), from €87,399 to €201,844
mainly Receivables within one year (+€91,778) and Net result for the year (+€72,511)
- Receivables within one year -€91,778
down €91,778 (-27.2%), from €337,850 to €246,072
of which Trade receivables: -€58,287
- Stocks and contracts +€22,000
up €22,000 (+62.9%), from €35,000 to €57,000
- Tangible fixed assets +€9,214
up €9,214 (+51.5%), from €17,883 to €27,098
of which Plant, machinery and equipment: +€6,175
- Reserves +€72,511
up €72,511 (+21.2%), from €341,542 to €414,052
- Trade debts -€25,516
down €25,516 (-34.2%), from €74,632 to €49,116
- Advances received +€16,455
new in 2025: €16,455
- Other debts -€8,805
down €8,805 (-32.5%), from €27,076 to €18,270
- Tax, wage and social debts -€5,952
down €5,952 (-92.1%), from €6,460 to €509
- Gross operating margin +€9,032
up €9,032 (+7.7%), from €117,200 to €126,232
- Depreciation +€4,355
up €4,355 (+38.6%), from €11,271 to €15,626
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 | €479,576 | €533,420 | +€53,843 | +11.2% |
| Fixed assets | 21/28 | €17,883 | €27,098 | +€9,214 | +51.5% |
| Tangible fixed assets | 22/27 | €17,883 | €27,098 | +€9,214 | +51.5% |
| Plant, machinery and equipment | 23 | €6,048 | €12,223 | +€6,175 | +102.1% |
| Furniture and vehicles | 24 | €11,835 | €14,874 | +€3,039 | +25.7% |
| Current assets | 29/58 | €461,693 | €506,322 | +€44,629 | +9.7% |
| Stocks and contracts in progress | 3 | €35,000 | €57,000 | +€22,000 | +62.9% |
| Stocks | 30/36 | €35,000 | €57,000 | +€22,000 | +62.9% |
| Amounts receivable within one year | 40/41 | €337,850 | €246,072 | -€91,778 | -27.2% |
| Trade receivables | 40 | €285,757 | €227,470 | -€58,287 | -20.4% |
| Other amounts receivable | 41 | €52,093 | €18,602 | -€33,491 | -64.3% |
| Cash at bank and in hand | 54/58 | €87,399 | €201,844 | +€114,446 | +130.9% |
| Deferred charges and accrued income | 490/1 | €1,444 | €1,406 | -€39 | -2.7% |
| Total equity and liabilities | 10/49 | €479,576 | €533,420 | +€53,843 | +11.2% |
| Equity | 10/15 | €360,142 | €432,652 | +€72,511 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €341,542 | €414,052 | +€72,511 | +21.2% |
| Distributable reserves | 133 | €341,542 | €414,052 | +€72,511 | +21.2% |
| Amounts payable | 17/49 | €119,435 | €100,767 | -€18,667 | -15.6% |
| Amounts payable within one year | 42/48 | €108,168 | €84,350 | -€23,818 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €74,632 | €49,116 | -€25,516 | -34.2% |
| Suppliers | 440/4 | €74,632 | €49,116 | -€25,516 | -34.2% |
| Advances received on contracts in progress | 46 | - | €16,455 | +€16,455 | |
| Taxes, remuneration and social security | 45 | €6,460 | €509 | -€5,952 | -92.1% |
| Taxes | 450/3 | €6,460 | €509 | -€5,952 | -92.1% |
| Other amounts payable | 47/48 | €27,076 | €18,270 | -€8,805 | -32.5% |
| Accrued charges and deferred income | 492/3 | €11,267 | €16,417 | +€5,150 | +45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,271 | €15,626 | +€4,355 | +38.6% |
| Other operating charges | 640/8 | €1,083 | €1,211 | +€127 | +11.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €117,200 | €126,232 | +€9,032 | +7.7% |
| Operating profit (loss) | 9901 | €104,845 | €109,396 | +€4,550 | +4.3% |
| Financial income | 75/76B | €841 | €1,066 | +€225 | +26.8% |
| Recurring financial income | 75 | €841 | €1,066 | +€225 | +26.8% |
| Financial charges | 65/66B | €3,096 | €2,009 | -€1,087 | -35.1% |
| Recurring financial charges | 65 | €3,096 | €2,009 | -€1,087 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €102,590 | €108,453 | +€5,863 | +5.7% |
| Income taxes | 67/77 | €35,634 | €35,942 | +€309 | +0.9% |
| Profit (loss) for the period | 9904 | €66,956 | €72,511 | +€5,554 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,956 | €72,511 | +€5,554 | +8.3% |
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.