DAMELO: 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.
DAMELO
Largest movements
- Receivables within one year +€140,320
up €140,320 (+75.3%), from €186,456 to €326,776
of which Trade receivables: +€149,976
- Current investments +€113,700
up €113,700 (+13.4%), from €846,894 to €960,594
- Reserves +€397,263
up €397,263 (+6.8%), from €5.8m to €6.2m
- Debts after one year -€100,000
down €100,000 (-92.3%), from €108,333 to €8,333
- Other debts -€99,547
down €99,547 (-47.4%), from €210,031 to €110,484
- Financial income -€102,244
down €102,244 (-28.5%), from €358,295 to €256,050
of which Financial income: -€116,244
- Gross operating margin +€91,735
up €91,735 (+33.1%), from €277,017 to €368,752
- Taxes +€61,051
up €61,051 (+86.9%), from €70,288 to €131,339
- Financial charges -€9,661
down €9,661 (-19.3%), from €50,169 to €40,509
- Other operating charges +€4,473
up €4,473 (+108.6%), from €4,118 to €8,591
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 | €7,026,028 | €7,239,398 | +€213,370 | +3.0% |
| Fixed assets | 21/28 | €5,801,604 | €5,780,364 | -€21,241 | -0.4% |
| Tangible fixed assets | 22/27 | €469,147 | €434,348 | -€34,799 | -7.4% |
| Land and buildings | 22 | €428,024 | €411,015 | -€17,009 | -4.0% |
| Furniture and vehicles | 24 | €41,123 | €23,332 | -€17,790 | -43.3% |
| Financial fixed assets | 28 | €5,332,458 | €5,346,016 | +€13,558 | +0.3% |
| Current assets | 29/58 | €1,224,424 | €1,459,035 | +€234,611 | +19.2% |
| Amounts receivable within one year | 40/41 | €186,456 | €326,776 | +€140,320 | +75.3% |
| Trade receivables | 40 | €176,721 | €326,696 | +€149,976 | +84.9% |
| Other amounts receivable | 41 | €9,735 | €80 | -€9,655 | -99.2% |
| Current investments | 50/53 | €846,894 | €960,594 | +€113,700 | +13.4% |
| Cash at bank and in hand | 54/58 | €64,686 | €20,893 | -€43,793 | -67.7% |
| Deferred charges and accrued income | 490/1 | €126,388 | €150,771 | +€24,383 | +19.3% |
| Total equity and liabilities | 10/49 | €7,026,028 | €7,239,398 | +€213,370 | +3.0% |
| Equity | 10/15 | €6,194,639 | €6,591,902 | +€397,263 | +6.4% |
| Contributions | 10/11 | €368,600 | €368,600 | = | 0.0% |
| Reserves | 13 | €5,826,039 | €6,223,302 | +€397,263 | +6.8% |
| Distributable reserves | 133 | €5,826,039 | €6,223,302 | +€397,263 | +6.8% |
| Amounts payable | 17/49 | €831,389 | €647,497 | -€183,893 | -22.1% |
| Amounts payable after more than one year | 17 | €108,333 | €8,333 | -€100,000 | -92.3% |
| Financial debts | 170/4 | €108,333 | €8,333 | -€100,000 | -92.3% |
| Amounts payable within one year | 42/48 | €708,910 | €626,716 | -€82,194 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €160,239 | €100,000 | -€60,239 | -37.6% |
| Financial debts | 43 | €285,431 | €334,782 | +€49,352 | +17.3% |
| Credit institutions | 430/8 | €285,000 | €275,000 | -€10,000 | -3.5% |
| Other loans | 439 | €431 | €59,782 | +€59,352 | +13780.3% |
| Trade debts | 44 | €13,983 | €16,387 | +€2,404 | +17.2% |
| Suppliers | 440/4 | €13,983 | €16,387 | +€2,404 | +17.2% |
| Taxes, remuneration and social security | 45 | €39,226 | €65,063 | +€25,837 | +65.9% |
| Taxes | 450/3 | €39,226 | €65,063 | +€25,837 | +65.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €210,031 | €110,484 | -€99,547 | -47.4% |
| Accrued charges and deferred income | 492/3 | €14,146 | €12,447 | -€1,698 | -12.0% |
| Non-recurring operating income | 76A | - | €25,745 | +€25,745 | |
| Remuneration, social security and pensions | 62 | €14,928 | €11,105 | -€3,823 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,471 | €35,996 | -€475 | -1.3% |
| Other operating charges | 640/8 | €4,118 | €8,591 | +€4,473 | +108.6% |
| Gross operating margin | 9900 | €277,017 | €368,752 | +€91,735 | +33.1% |
| Operating profit (loss) | 9901 | €221,500 | €313,060 | +€91,560 | +41.3% |
| Financial income | 75/76B | €358,295 | €256,050 | -€102,244 | -28.5% |
| Recurring financial income | 75 | €358,295 | €242,050 | -€116,244 | -32.4% |
| Non-recurring financial income | 76B | - | €14,000 | +€14,000 | |
| Financial charges | 65/66B | €50,169 | €40,509 | -€9,661 | -19.3% |
| Recurring financial charges | 65 | €50,169 | €40,509 | -€9,661 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €529,625 | €528,602 | -€1,023 | -0.2% |
| Income taxes | 67/77 | €70,288 | €131,339 | +€61,051 | +86.9% |
| Profit (loss) for the period | 9904 | €459,337 | €397,263 | -€62,074 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €459,337 | €397,263 | -€62,074 | -13.5% |
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.