DAMIEN BINET: 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.
DAMIEN BINET
Largest movements
- Tangible fixed assets +€44,486
up €44,486 (+26.8%), from €165,704 to €210,191
of which Furniture and vehicles: +€55,429
- Stocks and contracts -€20,500
down €20,500 (-58.6%), from €34,995 to €14,496
- Receivables within one year +€19,526
up €19,526 (+13.1%), from €149,450 to €168,976
of which Trade receivables: +€15,364
- Debts after one year +€29,323
up €29,323 (+17.6%), from €166,464 to €195,788
- Trade debts +€16,626
up €16,626 (+136%), from €12,236 to €28,863
- Current portion of long-term debt +€6,555
up €6,555 (+27.9%), from €23,506 to €30,061
- Depreciation -€16,707
down €16,707 (-49.5%), from €33,731 to €17,024
- Gross operating margin -€10,973
down €10,973 (-15.2%), from €72,018 to €61,045
- Staff costs +€8,723
up €8,723 (+28.2%), from €30,954 to €39,677
- Financial income -€8,009
down €8,009 (-56.4%), from €14,204 to €6,196
- Taxes -€2,773
down €2,773 (-81.9%), from €3,387 to €615
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 | €355,573 | €404,697 | +€49,124 | +13.8% |
| Fixed assets | 21/28 | €165,904 | €211,391 | +€45,486 | +27.4% |
| Tangible fixed assets | 22/27 | €165,704 | €210,191 | +€44,486 | +26.8% |
| Land and buildings | 22 | €155,672 | €148,872 | -€6,800 | -4.4% |
| Plant, machinery and equipment | 23 | €10,033 | €5,890 | -€4,143 | -41.3% |
| Furniture and vehicles | 24 | - | €55,429 | +€55,429 | |
| Financial fixed assets | 28 | €200 | €1,200 | +€1,000 | +500% |
| Current assets | 29/58 | €189,669 | €193,306 | +€3,637 | +1.9% |
| Stocks and contracts in progress | 3 | €34,995 | €14,496 | -€20,500 | -58.6% |
| Stocks | 30/36 | €34,995 | €14,496 | -€20,500 | -58.6% |
| Amounts receivable within one year | 40/41 | €149,450 | €168,976 | +€19,526 | +13.1% |
| Trade receivables | 40 | €30,249 | €45,613 | +€15,364 | +50.8% |
| Other amounts receivable | 41 | €119,201 | €123,363 | +€4,162 | +3.5% |
| Current investments | 50/53 | €4,619 | €8,291 | +€3,672 | +79.5% |
| Cash at bank and in hand | 54/58 | €605 | €1,543 | +€939 | +155% |
| Total equity and liabilities | 10/49 | €355,573 | €404,697 | +€49,124 | +13.8% |
| Equity | 10/15 | €129,823 | €129,162 | -€661 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,260 | €61,260 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,400 | €59,400 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,963 | €49,302 | -€661 | -1.3% |
| Provisions and deferred taxes | 16 | €14,850 | €14,850 | = | 0.0% |
| Deferred taxes | 168 | €14,850 | €14,850 | = | 0.0% |
| Amounts payable | 17/49 | €210,900 | €260,684 | +€49,784 | +23.6% |
| Amounts payable after more than one year | 17 | €166,464 | €195,788 | +€29,323 | +17.6% |
| Financial debts | 170/4 | €166,464 | €195,788 | +€29,323 | +17.6% |
| Amounts payable within one year | 42/48 | €44,436 | €64,897 | +€20,461 | +46.0% |
| Current portion of amounts payable after more than one year | 42 | €23,506 | €30,061 | +€6,555 | +27.9% |
| Financial debts | 43 | €2,491 | - | -€2,491 | |
| Credit institutions | 430/8 | €2,491 | - | -€2,491 | |
| Trade debts | 44 | €12,236 | €28,863 | +€16,626 | +136% |
| Suppliers | 440/4 | €12,236 | €28,863 | +€16,626 | +136% |
| Taxes, remuneration and social security | 45 | €6,203 | €5,974 | -€229 | -3.7% |
| Taxes | 450/3 | €1,682 | €1,511 | -€171 | -10.2% |
| Remuneration and social security | 454/9 | €4,520 | €4,463 | -€58 | -1.3% |
| Remuneration, social security and pensions | 62 | €30,954 | €39,677 | +€8,723 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,731 | €17,024 | -€16,707 | -49.5% |
| Other operating charges | 640/8 | €6,551 | €4,391 | -€2,160 | -33.0% |
| Gross operating margin | 9900 | €72,018 | €61,045 | -€10,973 | -15.2% |
| Operating profit (loss) | 9901 | €783 | -€46 | -€829 | |
| Financial income | 75/76B | €14,204 | €6,196 | -€8,009 | -56.4% |
| Recurring financial income | 75 | €14,204 | €6,196 | -€8,009 | -56.4% |
| Financial charges | 65/66B | €8,461 | €6,196 | -€2,266 | -26.8% |
| Recurring financial charges | 65 | €8,461 | €6,196 | -€2,266 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €6,525 | -€46 | -€6,572 | |
| Income taxes | 67/77 | €3,387 | €615 | -€2,773 | -81.9% |
| Profit (loss) for the period | 9904 | €3,138 | -€661 | -€3,799 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,138 | -€661 | -€3,799 |
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.