Dam 122: 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.
What changed
Dam 122
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€819,451
2024 · €880,954-€61,503
Equity
€12.6m
2024 · €12.3m+€319,451
Cash
€902,854
2024 · €705,688+€197,165
Balance sheet total
€24.8m
2024 · €20.7m+€4.1m
Largest movements
Assets
- Receivables within one year +€3.0m
up €3.0m (+160.6%), from €1.9m to €4.8m
of which Other amounts receivable: +€3.0m
- Current investments +€1.5m
new in 2025: €1.5m
- Financial fixed assets -€423,423
down €423,423 (-2.8%), from €15.1m to €14.7m
Equity and liabilities
- Debts after one year +€3.6m
up €3.6m (+49.5%), from €7.2m to €10.7m
of which Financial debts: +€3.6m
- Reserves +€334,144
up €334,144 (+5.4%), from €6.2m to €6.5m
of which Distributable reserves: +€320,456
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€880,954
Depreciation
-€1
Other operating charges
-€1,163
Other operating items
-€58,004
Financial income
+€69,983
Financial charges
-€89,023
Taxes
+€16,671
Deferred taxes and other
+€35
Result 2025
€819,451
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.
From operations
-€1.6m
Investment
-€1.3m
Financing
+€3.1m
Cash 2024
€705,688
From operations (derived)
-€1.6m
Net result for the year
+€819,451
Depreciation
+€129,005
Receivables within one year
-€3.0m
Deferred charges and accrued income
+€206,413
Provisions
-€12,064
Trade debts
+€52,193
Tax, wage and social debts
+€60,087
Other debts
+€97,561
Accrued charges and deferred income
+€65,137
Investment (derived)
-€1.3m
Investment in fixed assets (net)
+€211,387
Current investments
-€1.5m
Financing
+€3.1m
Debts after one year
+€3.6m
Contributions, distributions and other
-€500,000
Cash 2025
€902,854
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,657,904 | €24,792,734 | +€4.1m | +20.0% |
| Fixed assets | 21/28 | €17,751,541 | €17,411,149 | -€340,391 | -1.9% |
| Tangible fixed assets | 22/27 | €2,628,657 | €2,711,688 | +€83,032 | +3.2% |
| Land and buildings | 22 | €2,545,181 | €2,430,827 | -€114,353 | -4.5% |
| Plant, machinery and equipment | 23 | €56,126 | €41,475 | -€14,652 | -26.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €27,350 | €239,387 | +€212,037 | +775.3% |
| Financial fixed assets | 28 | €15,122,884 | €14,699,461 | -€423,423 | -2.8% |
| Affiliated companies | 280/1 | €15,122,884 | €14,699,461 | -€423,423 | -2.8% |
| Participating interests | 280 | €11,181,136 | €11,181,136 | = | 0.0% |
| Amounts receivable | 281 | €3,941,748 | €3,518,325 | -€423,423 | -10.7% |
| Current assets | 29/58 | €2,906,363 | €7,381,585 | +€4.5m | +154.0% |
| Amounts receivable within one year | 40/41 | €1,858,503 | €4,842,972 | +€3.0m | +160.6% |
| Trade receivables | 40 | €191,787 | €214,505 | +€22,718 | +11.8% |
| Other amounts receivable | 41 | €1,666,717 | €4,628,467 | +€3.0m | +177.7% |
| Current investments | 50/53 | - | €1,500,000 | +€1.5m | |
| Other investments | 51/53 | - | €1,500,000 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €705,688 | €902,854 | +€197,165 | +27.9% |
| Deferred charges and accrued income | 490/1 | €342,172 | €135,759 | -€206,413 | -60.3% |
| Total equity and liabilities | 10/49 | €20,657,904 | €24,792,734 | +€4.1m | +20.0% |
| Equity | 10/15 | €12,250,026 | €12,569,477 | +€319,451 | +2.6% |
| Contributions | 10/11 | €4,851,000 | €4,851,000 | = | 0.0% |
| Capital | 10 | €4,851,000 | €4,851,000 | = | 0.0% |
| Issued capital | 100 | €4,851,000 | €4,851,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,220,115 | €1,205,422 | -€14,693 | -1.2% |
| Reserves | 13 | €6,178,911 | €6,513,055 | +€334,144 | +5.4% |
| Non-distributable reserves | 130/1 | €313,123 | €355,531 | +€42,409 | +13.5% |
| Legal reserve | 130 | €313,123 | €355,531 | +€42,409 | +13.5% |
| Tax-exempt reserves | 132 | €622,379 | €593,659 | -€28,721 | -4.6% |
| Distributable reserves | 133 | €5,243,409 | €5,563,866 | +€320,456 | +6.1% |
| Provisions and deferred taxes | 16 | €236,231 | €224,166 | -€12,064 | -5.1% |
| Deferred taxes | 168 | €236,231 | €224,166 | -€12,064 | -5.1% |
| Amounts payable | 17/49 | €8,171,647 | €11,999,091 | +€3.8m | +46.8% |
| Amounts payable after more than one year | 17 | €7,172,392 | €10,724,857 | +€3.6m | +49.5% |
| Financial debts | 170/4 | €7,165,392 | €10,717,857 | +€3.6m | +49.6% |
| Subordinated loans | 170 | €1,500,000 | €1,500,000 | = | 0.0% |
| Unsubordinated bonds | 171 | €3,445,500 | €8,200,000 | +€4.8m | +138.0% |
| Credit institutions | 173 | €2,219,892 | €1,017,857 | -€1.2m | -54.1% |
| Other amounts payable | 178/9 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €895,327 | €1,105,168 | +€209,841 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €314,286 | €314,286 | = | 0.0% |
| Trade debts | 44 | €173,879 | €226,073 | +€52,193 | +30.0% |
| Suppliers | 440/4 | €173,879 | €226,073 | +€52,193 | +30.0% |
| Taxes, remuneration and social security | 45 | €4,603 | €64,690 | +€60,087 | +1305.4% |
| Taxes | 450/3 | €4,603 | €64,690 | +€60,087 | +1305.4% |
| Other amounts payable | 47/48 | €402,559 | €500,120 | +€97,561 | +24.2% |
| Accrued charges and deferred income | 492/3 | €103,928 | €169,066 | +€65,137 | +62.7% |
| Operating income | 70/76A | €1,146,814 | €1,242,484 | +€95,671 | +8.3% |
| Other operating income | 74 | €1,146,814 | €1,242,484 | +€95,671 | +8.3% |
| Operating charges | 60/66A | €852,317 | €1,007,156 | +€154,839 | +18.2% |
| Services and other goods | 61 | €684,203 | €837,877 | +€153,675 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,004 | €129,005 | +€1 | 0.0% |
| Other operating charges | 640/8 | €39,111 | €40,274 | +€1,163 | +3.0% |
| Operating profit (loss) | 9901 | €294,497 | €235,328 | -€59,168 | -20.1% |
| Financial income | 75/76B | €1,002,300 | €1,072,282 | +€69,983 | +7.0% |
| Recurring financial income | 75 | €1,002,300 | €1,072,282 | +€69,983 | +7.0% |
| Income from financial fixed assets | 750 | €725,000 | €710,557 | -€14,443 | -2.0% |
| Income from current assets | 751 | €268,268 | €291,657 | +€23,388 | +8.7% |
| Other financial income | 752/9 | €9,031 | €70,068 | +€61,037 | +675.8% |
| Financial charges | 65/66B | €360,614 | €449,638 | +€89,023 | +24.7% |
| Recurring financial charges | 65 | €360,614 | €449,638 | +€89,023 | +24.7% |
| Debt charges | 650 | €360,286 | €425,179 | +€64,893 | +18.0% |
| Other financial charges | 652/9 | €329 | €24,459 | +€24,130 | +7342.4% |
| Profit (loss) for the period before taxes | 9903 | €936,182 | €857,973 | -€78,209 | -8.4% |
| Transfer from deferred taxes | 780 | €12,029 | €12,064 | +€35 | +0.3% |
| Income taxes | 67/77 | €67,257 | €50,586 | -€16,671 | -24.8% |
| Taxes | 670/3 | €67,257 | €50,586 | -€16,671 | -24.8% |
| Profit (loss) for the period | 9904 | €880,954 | €819,451 | -€61,503 | -7.0% |
| Transfer from tax-exempt reserves | 789 | €28,637 | €28,721 | +€84 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €909,591 | €848,172 | -€61,419 | -6.8% |
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.