DAM: 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.
DAM
Largest movements
- Receivables within one year -€465,581
down €465,581 (-20.7%), from €2.2m to €1.8m
of which Trade receivables: -€528,734
- Cash +€140,517
up €140,517 (+127.1%), from €110,550 to €251,067
mainly Receivables within one year (+€465,581) and Depreciation (+€53,622)
- Stocks and contracts -€53,564
down €53,564 (-3.6%), from €1.5m to €1.4m
- Tangible fixed assets -€42,066
down €42,066 (-22.2%), from €189,557 to €147,491
of which Furniture and vehicles: -€37,724
- Short-term financial debts -€200,000
no longer reported in 2025 (was €200,000)
- Debts after one year -€145,129
down €145,129 (-52.4%), from €276,846 to €131,717
- Other debts -€60,339
down €60,339 (-4.3%), from €1.4m to €1.3m
- Gross operating margin +€458,324
up €458,324 (+40.7%), from €1.1m to €1.6m
- Staff costs -€119,041
down €119,041 (-8.2%), from €1.5m to €1.3m
- Financial income -€105,371
down €105,371 (-96.5%), from €109,157 to €3,785
of which Financial income: -€108,871
- Other operating charges -€18,665
down €18,665 (-41.0%), from €45,578 to €26,913
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 | €4,105,115 | €3,723,762 | -€381,353 | -9.3% |
| Fixed assets | 21/28 | €205,407 | €163,341 | -€42,066 | -20.5% |
| Tangible fixed assets | 22/27 | €189,557 | €147,491 | -€42,066 | -22.2% |
| Land and buildings | 22 | €16,775 | €12,646 | -€4,129 | -24.6% |
| Furniture and vehicles | 24 | €122,774 | €85,050 | -€37,724 | -30.7% |
| Other tangible fixed assets | 26 | €50,007 | €49,795 | -€213 | -0.4% |
| Financial fixed assets | 28 | €15,850 | €15,850 | = | 0.0% |
| Current assets | 29/58 | €3,899,708 | €3,560,421 | -€339,287 | -8.7% |
| Stocks and contracts in progress | 3 | €1,494,971 | €1,441,408 | -€53,564 | -3.6% |
| Stocks | 30/36 | €1,494,971 | €1,441,408 | -€53,564 | -3.6% |
| Amounts receivable within one year | 40/41 | €2,246,683 | €1,781,103 | -€465,581 | -20.7% |
| Trade receivables | 40 | €1,926,422 | €1,397,687 | -€528,734 | -27.4% |
| Other amounts receivable | 41 | €320,262 | €383,415 | +€63,154 | +19.7% |
| Cash at bank and in hand | 54/58 | €110,550 | €251,067 | +€140,517 | +127.1% |
| Deferred charges and accrued income | 490/1 | €47,503 | €86,844 | +€39,340 | +82.8% |
| Total equity and liabilities | 10/49 | €4,105,115 | €3,723,762 | -€381,353 | -9.3% |
| Equity | 10/15 | €1,083,918 | €1,093,218 | +€9,300 | +0.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,518,632 | €1,518,632 | = | 0.0% |
| Distributable reserves | 133 | €1,518,632 | €1,518,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€454,714 | -€445,414 | +€9,300 | +2.0% |
| Amounts payable | 17/49 | €3,021,197 | €2,630,545 | -€390,652 | -12.9% |
| Amounts payable after more than one year | 17 | €276,846 | €131,717 | -€145,129 | -52.4% |
| Financial debts | 170/4 | €276,846 | €131,717 | -€145,129 | -52.4% |
| Amounts payable within one year | 42/48 | €2,744,351 | €2,498,828 | -€245,523 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €282,552 | €280,377 | -€2,175 | -0.8% |
| Financial debts | 43 | €200,000 | - | -€200,000 | |
| Credit institutions | 430/8 | €200,000 | - | -€200,000 | |
| Trade debts | 44 | €778,262 | €792,287 | +€14,025 | +1.8% |
| Suppliers | 440/4 | €778,262 | €792,287 | +€14,025 | +1.8% |
| Taxes, remuneration and social security | 45 | €96,294 | €99,260 | +€2,966 | +3.1% |
| Taxes | 450/3 | €22,816 | €34,844 | +€12,028 | +52.7% |
| Remuneration and social security | 454/9 | €73,478 | €64,416 | -€9,062 | -12.3% |
| Other amounts payable | 47/48 | €1,387,243 | €1,326,904 | -€60,339 | -4.3% |
| Remuneration, social security and pensions | 62 | €1,458,455 | €1,339,414 | -€119,041 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,917 | €53,622 | +€705 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,793 | €18,776 | +€9,983 | +113.5% |
| Other operating charges | 640/8 | €45,578 | €26,913 | -€18,665 | -41.0% |
| Gross operating margin | 9900 | €1,124,913 | €1,583,237 | +€458,324 | +40.7% |
| Operating profit (loss) | 9901 | -€440,830 | €144,512 | +€585,342 | |
| Financial income | 75/76B | €109,157 | €3,785 | -€105,371 | -96.5% |
| Recurring financial income | 75 | €109,157 | €285 | -€108,871 | -99.7% |
| Non-recurring financial income | 76B | - | €3,500 | +€3,500 | |
| Financial charges | 65/66B | €124,991 | €134,915 | +€9,924 | +7.9% |
| Recurring financial charges | 65 | €124,991 | €134,915 | +€9,924 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | -€456,664 | €13,383 | +€470,047 | |
| Income taxes | 67/77 | -€1,950 | €4,083 | +€6,033 | |
| Profit (loss) for the period | 9904 | -€454,714 | €9,300 | +€464,014 | |
| Profit (loss) for the period to be appropriated | 9905 | -€454,714 | €9,300 | +€464,014 |
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 7 October 2026 via checked.be.