DAMAR: 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.
What changed
DAMAR
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€45,821
2024 · €1.5m-€1.4m
Equity
€3.9m
2024 · €4.0m-€104,179
Cash
€1.4m
2024 · €1.4m+€34,053
Balance sheet total
€4.3m
2024 · €4.6m-€233,727
Largest movements
Assets
- Tangible fixed assets -€240,226
down €240,226 (-7.9%), from €3.0m to €2.8m
of which Land and buildings: -€229,935
Equity and liabilities
- Reserves -€104,179
down €104,179 (-3.3%), from €3.1m to €3.0m
of which Tax-exempt reserves: -€71,922
- Debts after one year -€83,333
down €83,333 (-80.0%), from €104,166 to €20,833
of which Financial debts: -€83,333
Income statement
- Gross operating margin -€1.9m
down €1.9m (-82.0%), from €2.3m to €408,214
- Taxes -€489,458
down €489,458 (-92.2%), from €530,857 to €41,399
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
€1.5m
Gross operating margin
-€1.9m
Depreciation
+€2,416
Other operating charges
-€11,114
Other operating items
-€57,810
Financial income
-€15,139
Financial charges
+€5,868
Taxes
+€489,458
Deferred taxes and other
-€4,607
Result 2025
€45,821
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
+€240,145
Investment
+€27,242
Financing
-€233,333
Cash 2024
€1.4m
From operations (derived)
+€240,145
Net result for the year
+€45,821
Depreciation
+€212,984
Receivables within one year
+€38,185
Deferred charges and accrued income
-€10,630
Provisions
-€7,080
Trade debts
-€7,872
Tax, wage and social debts
-€39,458
Other debts
+€12,018
Accrued charges and deferred income
-€3,823
Investment (derived)
+€27,242
Investment in fixed assets (net)
+€27,242
Financing
-€233,333
Debts after one year
-€83,333
Contributions, distributions and other
-€150,000
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,567,570 | €4,333,843 | -€233,727 | -5.1% |
| Fixed assets | 21/28 | €3,032,490 | €2,792,264 | -€240,226 | -7.9% |
| Tangible fixed assets | 22/27 | €3,030,890 | €2,790,664 | -€240,226 | -7.9% |
| Land and buildings | 22 | €3,014,259 | €2,784,324 | -€229,935 | -7.6% |
| Furniture and vehicles | 24 | €16,631 | €6,340 | -€10,291 | -61.9% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €1,535,081 | €1,541,579 | +€6,499 | +0.4% |
| Amounts receivable within one year | 40/41 | €119,744 | €81,559 | -€38,185 | -31.9% |
| Trade receivables | 40 | €15,118 | €13,547 | -€1,571 | -10.4% |
| Other amounts receivable | 41 | €104,626 | €68,013 | -€36,613 | -35.0% |
| Cash at bank and in hand | 54/58 | €1,389,000 | €1,423,053 | +€34,053 | +2.5% |
| Deferred charges and accrued income | 490/1 | €26,337 | €36,967 | +€10,630 | +40.4% |
| Total equity and liabilities | 10/49 | €4,567,570 | €4,333,843 | -€233,727 | -5.1% |
| Equity | 10/15 | €4,018,787 | €3,914,608 | -€104,179 | -2.6% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €3,118,787 | €3,014,608 | -€104,179 | -3.3% |
| Non-distributable reserves | 130/1 | €90,000 | €90,000 | = | 0.0% |
| Legal reserve | 130 | €90,000 | €90,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €406,715 | €334,793 | -€71,922 | -17.7% |
| Distributable reserves | 133 | €2,622,072 | €2,589,815 | -€32,257 | -1.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €118,678 | €111,598 | -€7,080 | -6.0% |
| Deferred taxes | 168 | €118,678 | €111,598 | -€7,080 | -6.0% |
| Amounts payable | 17/49 | €430,105 | €307,637 | -€122,468 | -28.5% |
| Amounts payable after more than one year | 17 | €104,166 | €20,833 | -€83,333 | -80.0% |
| Financial debts | 170/4 | €104,166 | €20,833 | -€83,333 | -80.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €320,471 | €285,159 | -€35,312 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €83,333 | €83,333 | = | 0.0% |
| Trade debts | 44 | €23,418 | €15,546 | -€7,872 | -33.6% |
| Suppliers | 440/4 | €23,418 | €15,546 | -€7,872 | -33.6% |
| Taxes, remuneration and social security | 45 | €55,857 | €16,399 | -€39,458 | -70.6% |
| Taxes | 450/3 | €55,857 | €16,399 | -€39,458 | -70.6% |
| Other amounts payable | 47/48 | €157,863 | €169,881 | +€12,018 | +7.6% |
| Accrued charges and deferred income | 492/3 | €5,468 | €1,645 | -€3,823 | -69.9% |
| Non-recurring operating income | 76A | €1,852,342 | €0 | -€1.9m | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215,400 | €212,984 | -€2,416 | -1.1% |
| Other operating charges | 640/8 | €44,272 | €55,386 | +€11,114 | +25.1% |
| Non-recurring operating charges | 66A | - | €57,810 | +€57,810 | |
| Gross operating margin | 9900 | €2,263,091 | €408,214 | -€1.9m | -82.0% |
| Operating profit (loss) | 9901 | €2,003,419 | €82,034 | -€1.9m | -95.9% |
| Financial income | 75/76B | €18,646 | €3,507 | -€15,139 | -81.2% |
| Recurring financial income | 75 | €18,646 | €3,507 | -€15,139 | -81.2% |
| Financial charges | 65/66B | €11,269 | €5,402 | -€5,868 | -52.1% |
| Recurring financial charges | 65 | €11,269 | €5,402 | -€5,868 | -52.1% |
| Profit (loss) for the period before taxes | 9903 | €2,010,796 | €80,140 | -€1.9m | -96.0% |
| Transfer from deferred taxes | 780 | €11,688 | €7,080 | -€4,607 | -39.4% |
| Income taxes | 67/77 | €530,857 | €41,399 | -€489,458 | -92.2% |
| Profit (loss) for the period | 9904 | €1,491,627 | €45,821 | -€1.4m | -96.9% |
| Transfer from tax-exempt reserves | 789 | €35,063 | €71,922 | +€36,859 | +105.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,526,690 | €117,743 | -€1.4m | -92.3% |
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 11 October 2026 via checked.be.