DAMAREST: 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.
DAMAREST
Largest movements
- Current investments +€550,000
up €550,000 (+84.4%), from €651,802 to €1.2m
- Tangible fixed assets -€281,924
down €281,924 (-45.7%), from €616,562 to €334,638
of which Land and buildings: -€189,815
- Cash -€109,386
down €109,386 (-10.0%), from €1.1m to €988,263
mainly Current investments (-€550,000) and Contributions, distributions and other (-€305,389)
- Trade debts +€85,820
up €85,820 (+46.0%), from €186,370 to €272,189
- Reserves +€38,369
up €38,369 (+2.3%), from €1.6m to €1.7m
of which Distributable reserves: +€38,369
- Tax, wage and social debts +€33,171
up €33,171 (+19.9%), from €166,979 to €200,150
of which Taxes: +€29,411
- Financial income +€273,258
up €273,258 (+2005.4%), from €13,626 to €286,884
of which Non-recurring financial income: +€273,550
- Gross operating margin -€163,829
down €163,829 (-9.7%), from €1.7m to €1.5m
- Taxes +€47,290
up €47,290 (+40.5%), from €116,785 to €164,075
- Staff costs -€18,928
down €18,928 (-1.7%), from €1.1m to €1.1m
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 | €2,400,056 | €2,560,937 | +€160,881 | +6.7% |
| Fixed assets | 21/28 | €616,562 | €334,638 | -€281,924 | -45.7% |
| Tangible fixed assets | 22/27 | €616,562 | €334,638 | -€281,924 | -45.7% |
| Land and buildings | 22 | €265,845 | €76,029 | -€189,815 | -71.4% |
| Plant, machinery and equipment | 23 | €151,764 | €103,989 | -€47,775 | -31.5% |
| Furniture and vehicles | 24 | €198,953 | €154,619 | -€44,334 | -22.3% |
| Current assets | 29/58 | €1,783,494 | €2,226,300 | +€442,805 | +24.8% |
| Stocks and contracts in progress | 3 | €10,774 | €13,047 | +€2,273 | +21.1% |
| Stocks | 30/36 | €10,774 | €13,047 | +€2,273 | +21.1% |
| Amounts receivable within one year | 40/41 | €9,911 | €7,891 | -€2,020 | -20.4% |
| Trade receivables | 40 | €6,393 | €661 | -€5,732 | -89.7% |
| Other amounts receivable | 41 | €3,517 | €7,229 | +€3,712 | +105.5% |
| Current investments | 50/53 | €651,802 | €1,201,802 | +€550,000 | +84.4% |
| Cash at bank and in hand | 54/58 | €1,097,649 | €988,263 | -€109,386 | -10.0% |
| Deferred charges and accrued income | 490/1 | €13,359 | €15,297 | +€1,938 | +14.5% |
| Total equity and liabilities | 10/49 | €2,400,056 | €2,560,937 | +€160,881 | +6.7% |
| Equity | 10/15 | €1,736,942 | €1,775,310 | +€38,369 | +2.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,636,942 | €1,675,310 | +€38,369 | +2.3% |
| Non-distributable reserves | 130/1 | €18,358 | €18,358 | = | 0.0% |
| Legal reserve | 130 | €18,358 | €18,358 | = | 0.0% |
| Distributable reserves | 133 | €1,618,583 | €1,656,952 | +€38,369 | +2.4% |
| Amounts payable | 17/49 | €663,115 | €785,627 | +€122,512 | +18.5% |
| Amounts payable within one year | 42/48 | €661,586 | €785,627 | +€124,041 | +18.7% |
| Trade debts | 44 | €186,370 | €272,189 | +€85,820 | +46.0% |
| Suppliers | 440/4 | €186,370 | €272,189 | +€85,820 | +46.0% |
| Advances received on contracts in progress | 46 | €8,866 | - | -€8,866 | |
| Taxes, remuneration and social security | 45 | €166,979 | €200,150 | +€33,171 | +19.9% |
| Taxes | 450/3 | €42,775 | €72,185 | +€29,411 | +68.8% |
| Remuneration and social security | 454/9 | €124,204 | €127,965 | +€3,761 | +3.0% |
| Other amounts payable | 47/48 | €299,372 | €313,288 | +€13,916 | +4.6% |
| Accrued charges and deferred income | 492/3 | €1,529 | - | -€1,529 | |
| Remuneration, social security and pensions | 62 | €1,122,377 | €1,103,449 | -€18,928 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,607 | €142,943 | +€10,336 | +7.8% |
| Other operating charges | 640/8 | €31,888 | €22,260 | -€9,628 | -30.2% |
| Gross operating margin | 9900 | €1,684,653 | €1,520,824 | -€163,829 | -9.7% |
| Operating profit (loss) | 9901 | €397,781 | €252,171 | -€145,610 | -36.6% |
| Financial income | 75/76B | €13,626 | €286,884 | +€273,258 | +2005.4% |
| Recurring financial income | 75 | €13,626 | €13,334 | -€292 | -2.1% |
| Non-recurring financial income | 76B | - | €273,550 | +€273,550 | |
| Financial charges | 65/66B | €39,709 | €31,222 | -€8,487 | -21.4% |
| Recurring financial charges | 65 | €39,709 | €31,222 | -€8,487 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €371,698 | €507,833 | +€136,135 | +36.6% |
| Income taxes | 67/77 | €116,785 | €164,075 | +€47,290 | +40.5% |
| Profit (loss) for the period | 9904 | €254,913 | €343,758 | +€88,845 | +34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €254,913 | €343,758 | +€88,845 | +34.9% |
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.