DAMENOVATION: 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.
DAMENOVATION
Largest movements
- Stocks and contracts +€146,553
up €146,553 (+47.6%), from €308,157 to €454,710
- Receivables within one year -€130,153
down €130,153 (-60.4%), from €215,595 to €85,442
of which Trade receivables: -€108,463
- Cash +€19,069
up €19,069 (+4,237,631%), from €0 to €19,070
mainly Receivables within one year (+€130,153) and Debts after one year (+€110,550)
- Debts after one year +€110,550
up €110,550 (+35.1%), from €315,000 to €425,550
- Profit (loss) carried forward -€70,134
down €70,134, from €2,992 to -€67,141
- Advances received -€20,822
no longer reported in 2025 (was €20,822)
- Short-term financial debts +€18,829
up €18,829 (+7.2%), from €262,299 to €281,128
- Other debts -€16,786
down €16,786 (-97.4%), from €17,240 to €454
- Gross operating margin -€34,637
down €34,637 (-91.7%), from €37,789 to €3,152
- Financial charges +€33,845
up €33,845 (+91.3%), from €37,059 to €70,904
- Taxes +€2,182
up €2,182 (+1,097%), from €199 to €2,381
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 | €661,402 | €696,872 | +€35,470 | +5.4% |
| Current assets | 29/58 | €661,402 | €696,872 | +€35,470 | +5.4% |
| Amounts receivable after more than one year | 29 | €137,650 | €137,650 | = | 0.0% |
| Other amounts receivable | 291 | €137,650 | €137,650 | = | 0.0% |
| Stocks and contracts in progress | 3 | €308,157 | €454,710 | +€146,553 | +47.6% |
| Stocks | 30/36 | €308,157 | €454,710 | +€146,553 | +47.6% |
| Amounts receivable within one year | 40/41 | €215,595 | €85,442 | -€130,153 | -60.4% |
| Trade receivables | 40 | €147,905 | €39,442 | -€108,463 | -73.3% |
| Other amounts receivable | 41 | €67,690 | €46,000 | -€21,690 | -32.0% |
| Cash at bank and in hand | 54/58 | €0 | €19,070 | +€19,069 | +4,237,631% |
| Total equity and liabilities | 10/49 | €661,402 | €696,872 | +€35,470 | +5.4% |
| Equity | 10/15 | €17,992 | -€52,141 | -€70,134 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,992 | -€67,141 | -€70,134 | |
| Amounts payable | 17/49 | €643,410 | €749,013 | +€105,603 | +16.4% |
| Amounts payable after more than one year | 17 | €315,000 | €425,550 | +€110,550 | +35.1% |
| Financial debts | 170/4 | €315,000 | €425,550 | +€110,550 | +35.1% |
| Amounts payable within one year | 42/48 | €328,410 | €323,463 | -€4,947 | -1.5% |
| Financial debts | 43 | €262,299 | €281,128 | +€18,829 | +7.2% |
| Credit institutions | 430/8 | €262,299 | €281,128 | +€18,829 | +7.2% |
| Trade debts | 44 | €4,065 | €18,815 | +€14,750 | +363% |
| Suppliers | 440/4 | €4,065 | €18,815 | +€14,750 | +363% |
| Advances received on contracts in progress | 46 | €20,822 | - | -€20,822 | |
| Taxes, remuneration and social security | 45 | €23,983 | €23,066 | -€917 | -3.8% |
| Taxes | 450/3 | €917 | - | -€917 | |
| Remuneration and social security | 454/9 | €23,066 | €23,066 | = | 0.0% |
| Other amounts payable | 47/48 | €17,240 | €454 | -€16,786 | -97.4% |
| Gross operating margin | 9900 | €37,789 | €3,152 | -€34,637 | -91.7% |
| Operating profit (loss) | 9901 | €37,789 | €3,152 | -€34,637 | -91.7% |
| Financial charges | 65/66B | €37,059 | €70,904 | +€33,845 | +91.3% |
| Recurring financial charges | 65 | €37,059 | €70,904 | +€33,845 | +91.3% |
| Profit (loss) for the period before taxes | 9903 | €730 | -€67,752 | -€68,482 | |
| Income taxes | 67/77 | €199 | €2,381 | +€2,182 | +1,097% |
| Profit (loss) for the period | 9904 | €531 | -€70,134 | -€70,665 | |
| Profit (loss) for the period to be appropriated | 9905 | €531 | -€70,134 | -€70,665 |
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 15 October 2026 via checked.be.