DAM-APT: 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-APT
Largest movements
- Receivables within one year +€587,701
up €587,701 (+61.8%), from €951,121 to €1.5m
of which Other amounts receivable: +€381,122
- Cash +€394,032
up €394,032 (+287.4%), from €137,080 to €531,112
mainly Trade debts (+€752,104) and Advances received (+€289,729)
- Stocks and contracts +€82,838
up €82,838 (+3.3%), from €2.5m to €2.6m
- Trade debts +€752,104
up €752,104 (+281.9%), from €266,835 to €1.0m
- Profit (loss) carried forward -€714,007
down €714,007 (-39.6%), from €1.8m to €1.1m
- Reserves +€631,500
up €631,500 (+85.1%), from €741,649 to €1.4m
of which Tax-exempt reserves: +€631,500
- Advances received +€289,729
up €289,729 (+458.5%), from €63,193 to €352,922
- Debts after one year +€88,185
up €88,185 (+17.6%), from €500,000 to €588,185
- Gross operating margin -€2.0m
down €2.0m (-80.4%), from €2.5m to €491,393
- Taxes -€386,640
down €386,640 (-72.0%), from €536,640 to €150,000
- Financial charges +€87,051
up €87,051 (+4064.3%), from €2,142 to €89,193
- Staff costs -€74,798
down €74,798 (-20.5%), from €365,621 to €290,823
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 | €3,688,731 | €4,750,646 | +€1.1m | +28.8% |
| Fixed assets | 21/28 | €96,905 | €91,249 | -€5,656 | -5.8% |
| Tangible fixed assets | 22/27 | €86,374 | €80,718 | -€5,656 | -6.5% |
| Plant, machinery and equipment | 23 | €13,650 | €25,700 | +€12,050 | +88.3% |
| Furniture and vehicles | 24 | €72,724 | €55,018 | -€17,706 | -24.3% |
| Financial fixed assets | 28 | €10,531 | €10,531 | = | 0.0% |
| Current assets | 29/58 | €3,591,826 | €4,659,397 | +€1.1m | +29.7% |
| Stocks and contracts in progress | 3 | €2,502,004 | €2,584,842 | +€82,838 | +3.3% |
| Stocks | 30/36 | €2,502,004 | €2,584,842 | +€82,838 | +3.3% |
| Amounts receivable within one year | 40/41 | €951,121 | €1,538,822 | +€587,701 | +61.8% |
| Trade receivables | 40 | €686,290 | €892,869 | +€206,579 | +30.1% |
| Other amounts receivable | 41 | €264,832 | €645,954 | +€381,122 | +143.9% |
| Cash at bank and in hand | 54/58 | €137,080 | €531,112 | +€394,032 | +287.4% |
| Deferred charges and accrued income | 490/1 | €1,621 | €4,620 | +€3,000 | +185.1% |
| Total equity and liabilities | 10/49 | €3,688,731 | €4,750,646 | +€1.1m | +28.8% |
| Equity | 10/15 | €2,574,315 | €2,491,808 | -€82,507 | -3.2% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €741,649 | €1,373,149 | +€631,500 | +85.1% |
| Non-distributable reserves | 130/1 | €2,975 | €2,975 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,975 | €2,975 | = | 0.0% |
| Tax-exempt reserves | 132 | €631,500 | €1,263,000 | +€631,500 | +100.0% |
| Distributable reserves | 133 | €107,174 | €107,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,802,919 | €1,088,912 | -€714,007 | -39.6% |
| Amounts payable | 17/49 | €1,114,416 | €2,258,837 | +€1.1m | +102.7% |
| Amounts payable after more than one year | 17 | €500,000 | €588,185 | +€88,185 | +17.6% |
| Other amounts payable | 178/9 | €500,000 | €588,185 | +€88,185 | +17.6% |
| Amounts payable within one year | 42/48 | €581,370 | €1,614,406 | +€1.0m | +177.7% |
| Trade debts | 44 | €266,835 | €1,018,940 | +€752,104 | +281.9% |
| Suppliers | 440/4 | €266,835 | €1,018,940 | +€752,104 | +281.9% |
| Advances received on contracts in progress | 46 | €63,193 | €352,922 | +€289,729 | +458.5% |
| Taxes, remuneration and social security | 45 | €250,848 | €242,544 | -€8,304 | -3.3% |
| Taxes | 450/3 | €212,276 | €212,276 | = | 0.0% |
| Remuneration and social security | 454/9 | €38,572 | €30,268 | -€8,304 | -21.5% |
| Other amounts payable | 47/48 | €494 | - | -€494 | |
| Accrued charges and deferred income | 492/3 | €33,046 | €56,246 | +€23,201 | +70.2% |
| Remuneration, social security and pensions | 62 | €365,621 | €290,823 | -€74,798 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,055 | €30,656 | +€1,602 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €395 | +€395 | |
| Other operating charges | 640/8 | €15,618 | €13,908 | -€1,710 | -10.9% |
| Non-recurring operating charges | 66A | €8,000 | - | -€8,000 | |
| Gross operating margin | 9900 | €2,512,977 | €491,393 | -€2.0m | -80.4% |
| Operating profit (loss) | 9901 | €2,094,683 | €155,610 | -€1.9m | -92.6% |
| Financial income | 75/76B | €5,285 | €1,077 | -€4,208 | -79.6% |
| Recurring financial income | 75 | €5,285 | €1,077 | -€4,208 | -79.6% |
| Financial charges | 65/66B | €2,142 | €89,193 | +€87,051 | +4064.3% |
| Recurring financial charges | 65 | €2,142 | €89,193 | +€87,051 | +4064.3% |
| Profit (loss) for the period before taxes | 9903 | €2,097,826 | €67,493 | -€2.0m | -96.8% |
| Income taxes | 67/77 | €536,640 | €150,000 | -€386,640 | -72.0% |
| Profit (loss) for the period | 9904 | €1,561,187 | -€82,507 | -€1.6m | |
| Transfer to tax-exempt reserves | 689 | €631,500 | €631,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €929,687 | -€714,007 | -€1.6m |
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 1 October 2026 via checked.be.