DAEMS: 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.
DAEMS
Largest movements
- Cash -€150,149
down €150,149 (-31.6%), from €475,634 to €325,485
mainly Stocks and contracts (-€131,186) and Debts after one year (-€113,373)
- Stocks and contracts +€131,186
up €131,186 (+21.2%), from €620,000 to €751,186
- Tangible fixed assets -€76,262
down €76,262 (-4.2%), from €1.8m to €1.7m
of which Land and buildings: -€81,701
- Debts after one year -€113,373
down €113,373 (-29.7%), from €381,113 to €267,740
- Reserves +€91,911
up €91,911 (+4.3%), from €2.1m to €2.2m
of which Distributable reserves: +€98,143
- Trade debts -€80,564
down €80,564 (-44.3%), from €181,954 to €101,389
- Financial income -€281,421
down €281,421 (-97.5%), from €288,774 to €7,353
of which Financial income: -€281,421
- Gross operating margin +€73,287
up €73,287 (+28.3%), from €259,056 to €332,342
- Staff costs +€28,046
new in 2025: €28,046
- Taxes -€14,495
down €14,495 (-25.9%), from €55,957 to €41,462
- Financial charges -€8,003
down €8,003 (-11.4%), from €70,440 to €62,437
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 | €3,431,787 | €3,356,389 | -€75,398 | -2.2% |
| Fixed assets | 21/28 | €1,821,154 | €1,772,892 | -€48,262 | -2.7% |
| Intangible fixed assets | 21 | - | €28,000 | +€28,000 | |
| Tangible fixed assets | 22/27 | €1,821,054 | €1,744,792 | -€76,262 | -4.2% |
| Land and buildings | 22 | €1,768,338 | €1,686,637 | -€81,701 | -4.6% |
| Plant, machinery and equipment | 23 | €6,600 | €14,175 | +€7,574 | +115% |
| Furniture and vehicles | 24 | €46,116 | €43,981 | -€2,135 | -4.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,610,633 | €1,583,496 | -€27,137 | -1.7% |
| Stocks and contracts in progress | 3 | €620,000 | €751,186 | +€131,186 | +21.2% |
| Stocks | 30/36 | €620,000 | €751,186 | +€131,186 | +21.2% |
| Amounts receivable within one year | 40/41 | €512,142 | €506,084 | -€6,058 | -1.2% |
| Trade receivables | 40 | €502,400 | €468,996 | -€33,405 | -6.6% |
| Other amounts receivable | 41 | €9,742 | €37,088 | +€27,346 | +281% |
| Cash at bank and in hand | 54/58 | €475,634 | €325,485 | -€150,149 | -31.6% |
| Deferred charges and accrued income | 490/1 | €2,857 | €741 | -€2,115 | -74.0% |
| Total equity and liabilities | 10/49 | €3,431,787 | €3,356,389 | -€75,398 | -2.2% |
| Equity | 10/15 | €2,205,502 | €2,297,413 | +€91,911 | +4.2% |
| Contributions | 10/11 | €62,320 | €62,320 | = | 0.0% |
| Capital | 10 | €62,320 | €0 | -€62,320 | -100% |
| Issued capital | 100 | €62,320 | €0 | -€62,320 | -100% |
| Contributions outside capital | 11 | - | €62,320 | +€62,320 | |
| Other | 1109/19 | - | €62,320 | +€62,320 | |
| Reserves | 13 | €2,143,182 | €2,235,093 | +€91,911 | +4.3% |
| Non-distributable reserves | 130/1 | €6,232 | €0 | -€6,232 | -100% |
| Legal reserve | 130 | €6,232 | €0 | -€6,232 | -100% |
| Distributable reserves | 133 | €2,136,950 | €2,235,093 | +€98,143 | +4.6% |
| Amounts payable | 17/49 | €1,226,285 | €1,058,976 | -€167,310 | -13.6% |
| Amounts payable after more than one year | 17 | €381,113 | €267,740 | -€113,373 | -29.7% |
| Financial debts | 170/4 | €381,113 | €267,740 | -€113,373 | -29.7% |
| Amounts payable within one year | 42/48 | €815,948 | €751,070 | -€64,878 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €107,400 | €113,373 | +€5,973 | +5.6% |
| Trade debts | 44 | €181,954 | €101,389 | -€80,564 | -44.3% |
| Suppliers | 440/4 | €181,954 | €101,389 | -€80,564 | -44.3% |
| Taxes, remuneration and social security | 45 | €24,800 | €18,911 | -€5,889 | -23.7% |
| Taxes | 450/3 | €24,800 | €16,106 | -€8,695 | -35.1% |
| Remuneration and social security | 454/9 | €0 | €2,806 | +€2,806 | |
| Other amounts payable | 47/48 | €501,794 | €517,397 | +€15,603 | +3.1% |
| Accrued charges and deferred income | 492/3 | €29,224 | €40,165 | +€10,942 | +37.4% |
| Non-recurring operating income | 76A | - | €8,264 | +€8,264 | |
| Remuneration, social security and pensions | 62 | - | €28,046 | +€28,046 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,070 | €94,088 | +€1,018 | +1.1% |
| Other operating charges | 640/8 | €20,998 | €21,751 | +€753 | +3.6% |
| Gross operating margin | 9900 | €259,056 | €332,342 | +€73,287 | +28.3% |
| Operating profit (loss) | 9901 | €144,988 | €188,458 | +€43,470 | +30.0% |
| Financial income | 75/76B | €288,774 | €7,353 | -€281,421 | -97.5% |
| Recurring financial income | 75 | €288,774 | €7,353 | -€281,421 | -97.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €70,440 | €62,437 | -€8,003 | -11.4% |
| Recurring financial charges | 65 | €70,440 | €62,437 | -€8,003 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €363,321 | €133,374 | -€229,948 | -63.3% |
| Income taxes | 67/77 | €55,957 | €41,462 | -€14,495 | -25.9% |
| Profit (loss) for the period | 9904 | €307,364 | €91,911 | -€215,453 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €307,364 | €91,911 | -€215,453 | -70.1% |
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 20 October 2026 via checked.be.