DAMAX MANAGEMENT: 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.
DAMAX MANAGEMENT
Largest movements
- Cash +€211,286
up €211,286 (+257%), from €82,243 to €293,529
mainly Receivables within one year (+€109,421) and Net result for the year (+€80,738)
- Receivables within one year -€109,421
down €109,421 (-87.9%), from €124,538 to €15,117
of which Other amounts receivable: -€85,505
- Profit (loss) carried forward +€80,738
up €80,738 (+75.9%), from €106,357 to €187,095
- Tax, wage and social debts +€19,662
up €19,662 (+53.5%), from €36,737 to €56,399
- Accrued charges and deferred income -€3,616
down €3,616 (-97.6%), from €3,704 to €88
- Purchases and services -€76,004
no longer reported in 2025 (was €76,004)
- Gross operating margin -€13,594
down €13,594 (-11.3%), from €120,189 to €106,595
- Taxes -€3,181
down €3,181 (-12.3%), from €25,793 to €22,612
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 | €213,892 | €312,753 | +€98,861 | +46.2% |
| Fixed assets | 21/28 | €7,111 | €4,071 | -€3,040 | -42.7% |
| Tangible fixed assets | 22/27 | €7,111 | €4,071 | -€3,040 | -42.7% |
| Furniture and vehicles | 24 | €7,111 | €4,071 | -€3,040 | -42.7% |
| Current assets | 29/58 | €206,782 | €308,682 | +€101,901 | +49.3% |
| Amounts receivable within one year | 40/41 | €124,538 | €15,117 | -€109,421 | -87.9% |
| Trade receivables | 40 | €39,033 | €15,117 | -€23,916 | -61.3% |
| Other amounts receivable | 41 | €85,505 | - | -€85,505 | |
| Cash at bank and in hand | 54/58 | €82,243 | €293,529 | +€211,286 | +257% |
| Deferred charges and accrued income | 490/1 | - | €36 | +€36 | |
| Total equity and liabilities | 10/49 | €213,892 | €312,753 | +€98,861 | +46.2% |
| Equity | 10/15 | €172,857 | €253,595 | +€80,738 | +46.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,000 | €65,000 | = | 0.0% |
| Other | 1319 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,357 | €187,095 | +€80,738 | +75.9% |
| Amounts payable | 17/49 | €41,035 | €59,158 | +€18,123 | +44.2% |
| Amounts payable within one year | 42/48 | €37,331 | €59,070 | +€21,739 | +58.2% |
| Trade debts | 44 | €595 | €1,870 | +€1,275 | +214% |
| Suppliers | 440/4 | €595 | €1,870 | +€1,275 | +214% |
| Taxes, remuneration and social security | 45 | €36,737 | €56,399 | +€19,662 | +53.5% |
| Taxes | 450/3 | €36,737 | €56,399 | +€19,662 | +53.5% |
| Other amounts payable | 47/48 | - | €801 | +€801 | |
| Accrued charges and deferred income | 492/3 | €3,704 | €88 | -€3,616 | -97.6% |
| Non-recurring operating income | 76A | €6,693 | - | -€6,693 | |
| Goods, raw materials, services and sundry goods | 60/61 | €76,004 | - | -€76,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,941 | €5,311 | +€370 | +7.5% |
| Other operating charges | 640/8 | €755 | €538 | -€217 | -28.7% |
| Gross operating margin | 9900 | €120,189 | €106,595 | -€13,594 | -11.3% |
| Operating profit (loss) | 9901 | €114,494 | €100,746 | -€13,748 | -12.0% |
| Financial income | 75/76B | €2,136 | €2,798 | +€662 | +31.0% |
| Recurring financial income | 75 | €2,136 | €2,798 | +€662 | +31.0% |
| Financial charges | 65/66B | €197 | €194 | -€3 | -1.7% |
| Recurring financial charges | 65 | €197 | €194 | -€3 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €116,432 | €103,350 | -€13,082 | -11.2% |
| Income taxes | 67/77 | €25,793 | €22,612 | -€3,181 | -12.3% |
| Profit (loss) for the period | 9904 | €90,639 | €80,738 | -€9,901 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €90,639 | €80,738 | -€9,901 | -10.9% |
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 23 October 2026 via checked.be.