DAMATHERM: 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.
DAMATHERM
Largest movements
- Receivables within one year +€97,076
up €97,076 (+236%), from €41,053 to €138,130
of which Trade receivables: +€95,550
- Tangible fixed assets +€24,031
up €24,031 (+75.0%), from €32,047 to €56,078
of which Furniture and vehicles: +€24,905
- Cash -€10,230
down €10,230 (-4.4%), from €233,133 to €222,903
mainly Receivables within one year (-€97,076) and Contributions, distributions and other (-€51,000)
- Stocks and contracts +€6,500
up €6,500 (+17.3%), from €37,550 to €44,050
of which Contracts in progress: +€6,500
- Other debts +€48,812
up €48,812 (+481%), from €10,155 to €58,967
- Trade debts +€48,296
up €48,296 (+1,670%), from €2,892 to €51,188
- Reserves +€14,000
up €14,000 (+6.1%), from €227,860 to €241,860
- Gross operating margin +€55,996
up €55,996 (+92.2%), from €60,760 to €116,757
- Taxes +€17,242
up €17,242 (+111%), from €15,556 to €32,798
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.
Derived cash bridge
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 | €345,718 | €464,608 | +€118,890 | +34.4% |
| Fixed assets | 21/28 | €32,072 | €56,103 | +€24,031 | +74.9% |
| Tangible fixed assets | 22/27 | €32,047 | €56,078 | +€24,031 | +75.0% |
| Plant, machinery and equipment | 23 | €2,436 | €1,562 | -€873 | -35.9% |
| Furniture and vehicles | 24 | €29,611 | €54,516 | +€24,905 | +84.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €313,646 | €408,505 | +€94,858 | +30.2% |
| Stocks and contracts in progress | 3 | €37,550 | €44,050 | +€6,500 | +17.3% |
| Stocks | 30/36 | €7,000 | €7,000 | = | 0.0% |
| Contracts in progress | 37 | €30,550 | €37,050 | +€6,500 | +21.3% |
| Amounts receivable within one year | 40/41 | €41,053 | €138,130 | +€97,076 | +236% |
| Trade receivables | 40 | €31,858 | €127,408 | +€95,550 | +300% |
| Other amounts receivable | 41 | €9,195 | €10,722 | +€1,527 | +16.6% |
| Cash at bank and in hand | 54/58 | €233,133 | €222,903 | -€10,230 | -4.4% |
| Deferred charges and accrued income | 490/1 | €1,910 | €3,422 | +€1,512 | +79.2% |
| Total equity and liabilities | 10/49 | €345,718 | €464,608 | +€118,890 | +34.4% |
| Equity | 10/15 | €325,652 | €342,913 | +€17,260 | +5.3% |
| Contributions | 10/11 | €78,600 | €78,600 | = | 0.0% |
| Reserves | 13 | €227,860 | €241,860 | +€14,000 | +6.1% |
| Distributable reserves | 133 | €227,860 | €241,860 | +€14,000 | +6.1% |
| Profit (loss) carried forward | 14 | €19,192 | €22,453 | +€3,260 | +17.0% |
| Amounts payable | 17/49 | €20,066 | €121,695 | +€101,629 | +506% |
| Amounts payable within one year | 42/48 | €20,066 | €121,695 | +€101,629 | +506% |
| Trade debts | 44 | €2,892 | €51,188 | +€48,296 | +1,670% |
| Suppliers | 440/4 | €2,892 | €51,188 | +€48,296 | +1,670% |
| Advances received on contracts in progress | 46 | €3,160 | €3,160 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,859 | €8,381 | +€4,522 | +117% |
| Taxes | 450/3 | €3,859 | €8,381 | +€4,522 | +117% |
| Other amounts payable | 47/48 | €10,155 | €58,967 | +€48,812 | +481% |
| Remuneration, social security and pensions | 62 | €206 | €924 | +€717 | +347% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,949 | €13,530 | -€420 | -3.0% |
| Other operating charges | 640/8 | €1,253 | €1,461 | +€208 | +16.6% |
| Gross operating margin | 9900 | €60,760 | €116,757 | +€55,996 | +92.2% |
| Operating profit (loss) | 9901 | €45,351 | €100,842 | +€55,491 | +122% |
| Financial income | 75/76B | €1,601 | €889 | -€712 | -44.5% |
| Recurring financial income | 75 | €1,588 | €889 | -€700 | -44.0% |
| Non-recurring financial income | 76B | €13 | - | -€13 | |
| Financial charges | 65/66B | €898 | €673 | -€225 | -25.1% |
| Recurring financial charges | 65 | €898 | €664 | -€234 | -26.0% |
| Non-recurring financial charges | 66B | - | €8 | +€8 | |
| Profit (loss) for the period before taxes | 9903 | €46,054 | €101,058 | +€55,004 | +119% |
| Income taxes | 67/77 | €15,556 | €32,798 | +€17,242 | +111% |
| Profit (loss) for the period | 9904 | €30,498 | €68,260 | +€37,762 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €30,498 | €68,260 | +€37,762 | +124% |
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 18 October 2026 via checked.be.