Damiaan 4: 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.
What changed
Damiaan 4
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€441,137
2024 · -€521,728+€80,591
Equity
€6.2m
2024 · €6.6m-€441,137
Cash
€7,738
2024 · €28,734-€20,995
Balance sheet total
€28.1m
2024 · €28.8m-€680,748
Largest movements
Assets
- Tangible fixed assets -€728,198
down €728,198 (-2.5%), from €28.8m to €28.0m
Equity and liabilities
- Debts after one year -€540,000
down €540,000 (-12.0%), from €4.5m to €4.0m
- Profit (loss) carried forward -€441,137
down €441,137 (-92.7%), from -€475,742 to -€916,879
- Other debts +€302,163
up €302,163 (+12.0%), from €2.5m to €2.8m
Income statement
- Financial charges -€545,016
down €545,016 (-41.2%), from €1.3m to €779,069
- Gross operating margin -€366,615
down €366,615 (-25.0%), from €1.5m to €1.1m
- Financial income -€98,469
down €98,469 (-81.5%), from €120,777 to €22,308
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.
Result 2024
-€521,728
Gross operating margin
-€366,615
Depreciation
-€1,470
Other operating charges
+€2,129
Financial income
-€98,469
Financial charges
+€545,016
Result 2025
-€441,137
raises the resultlowers the result
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.
From operations
+€519,005
Investment
€0
Financing
-€540,000
Cash 2024
€28,734
From operations (derived)
+€519,005
Net result for the year
-€441,137
Depreciation
+€728,198
Receivables within one year
-€76,982
Deferred charges and accrued income
+€8,537
Smaller working-capital items
-€1,774
Other debts
+€302,163
Financing
-€540,000
Debts after one year
-€540,000
Cash 2025
€7,738
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,811,403 | €28,130,655 | -€680,748 | -2.4% |
| Fixed assets | 21/28 | €28,762,377 | €28,034,179 | -€728,198 | -2.5% |
| Tangible fixed assets | 22/27 | €28,762,377 | €28,034,179 | -€728,198 | -2.5% |
| Land and buildings | 22 | €28,762,377 | €28,034,179 | -€728,198 | -2.5% |
| Current assets | 29/58 | €49,026 | €96,477 | +€47,450 | +96.8% |
| Amounts receivable within one year | 40/41 | - | €76,982 | +€76,982 | |
| Other amounts receivable | 41 | - | €76,982 | +€76,982 | |
| Cash at bank and in hand | 54/58 | €28,734 | €7,738 | -€20,995 | -73.1% |
| Deferred charges and accrued income | 490/1 | €20,293 | €11,756 | -€8,537 | -42.1% |
| Total equity and liabilities | 10/49 | €28,811,403 | €28,130,655 | -€680,748 | -2.4% |
| Equity | 10/15 | €6,626,858 | €6,185,721 | -€441,137 | -6.7% |
| Contributions | 10/11 | €5,350,000 | €5,350,000 | = | 0.0% |
| Capital | 10 | €5,350,000 | €5,350,000 | = | 0.0% |
| Issued capital | 100 | €5,350,000 | €5,350,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,697,500 | €1,645,000 | -€52,500 | -3.1% |
| Reserves | 13 | €55,100 | €107,600 | +€52,500 | +95.3% |
| Non-distributable reserves | 130/1 | €2,600 | €2,600 | = | 0.0% |
| Legal reserve | 130 | €2,600 | €2,600 | = | 0.0% |
| Distributable reserves | 133 | €52,500 | €105,000 | +€52,500 | +100% |
| Profit (loss) carried forward | 14 | -€475,742 | -€916,879 | -€441,137 | -92.7% |
| Amounts payable | 17/49 | €22,184,545 | €21,944,934 | -€239,611 | -1.1% |
| Amounts payable after more than one year | 17 | €4,500,000 | €3,960,000 | -€540,000 | -12.0% |
| Financial debts | 170/4 | €4,500,000 | €3,960,000 | -€540,000 | -12.0% |
| Amounts payable within one year | 42/48 | €17,684,545 | €17,984,934 | +€300,389 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €540,000 | €540,000 | = | 0.0% |
| Financial debts | 43 | €14,600,000 | €14,600,000 | = | 0.0% |
| Credit institutions | 430/8 | €14,600,000 | €14,600,000 | = | 0.0% |
| Trade debts | 44 | €27,709 | €27,476 | -€233 | -0.8% |
| Suppliers | 440/4 | €27,709 | €27,476 | -€233 | -0.8% |
| Taxes, remuneration and social security | 45 | €1,541 | - | -€1,541 | |
| Taxes | 450/3 | €1,541 | - | -€1,541 | |
| Other amounts payable | 47/48 | €2,515,295 | €2,817,458 | +€302,163 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €726,728 | €728,198 | +€1,470 | +0.2% |
| Other operating charges | 640/8 | €55,275 | €53,146 | -€2,129 | -3.9% |
| Gross operating margin | 9900 | €1,463,583 | €1,096,968 | -€366,615 | -25.0% |
| Operating profit (loss) | 9901 | €681,580 | €315,624 | -€365,956 | -53.7% |
| Financial income | 75/76B | €120,777 | €22,308 | -€98,469 | -81.5% |
| Recurring financial income | 75 | €120,777 | €22,308 | -€98,469 | -81.5% |
| Financial charges | 65/66B | €1,324,086 | €779,069 | -€545,016 | -41.2% |
| Recurring financial charges | 65 | €1,324,086 | €779,069 | -€545,016 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | -€521,728 | -€441,137 | +€80,591 | +15.4% |
| Profit (loss) for the period | 9904 | -€521,728 | -€441,137 | +€80,591 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€521,728 | -€441,137 | +€80,591 | +15.4% |
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 24 October 2026 via checked.be.