Damien McMahon: 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 McMahon
Largest movements
- Cash +€794,590
up €794,590 (+48.1%), from €1.7m to €2.4m
mainly Net result for the year (+€843,693) and Tax, wage and social debts (+€109,584)
- Receivables within one year +€140,851
up €140,851 (+49.3%), from €285,957 to €426,808
of which Trade receivables: +€120,921
- Reserves +€843,693
up €843,693 (+48.5%), from €1.7m to €2.6m
- Tax, wage and social debts +€109,584
up €109,584 (+30.3%), from €362,157 to €471,740
- Gross operating margin +€150,924
up €150,924 (+16.1%), from €937,311 to €1.1m
- Taxes +€41,605
up €41,605 (+17.4%), from €238,810 to €280,414
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 | €2,127,581 | €3,062,553 | +€934,972 | +43.9% |
| Fixed assets | 21/28 | €469 | €0 | -€469 | -100% |
| Tangible fixed assets | 22/27 | €469 | €0 | -€469 | -100% |
| Furniture and vehicles | 24 | €469 | €0 | -€469 | -100% |
| Current assets | 29/58 | €2,127,112 | €3,062,553 | +€935,441 | +44.0% |
| Amounts receivable after more than one year | 29 | €190,000 | €190,000 | = | 0.0% |
| Other amounts receivable | 291 | €190,000 | €190,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €285,957 | €426,808 | +€140,851 | +49.3% |
| Trade receivables | 40 | €285,870 | €406,790 | +€120,921 | +42.3% |
| Other amounts receivable | 41 | €88 | €20,018 | +€19,930 | +22,746% |
| Cash at bank and in hand | 54/58 | €1,651,155 | €2,445,745 | +€794,590 | +48.1% |
| Total equity and liabilities | 10/49 | €2,127,581 | €3,062,553 | +€934,972 | +43.9% |
| Equity | 10/15 | €1,745,339 | €2,589,031 | +€843,693 | +48.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,740,339 | €2,584,031 | +€843,693 | +48.5% |
| Distributable reserves | 133 | €1,740,339 | €2,584,031 | +€843,693 | +48.5% |
| Amounts payable | 17/49 | €382,243 | €473,522 | +€91,279 | +23.9% |
| Amounts payable within one year | 42/48 | €382,243 | €473,522 | +€91,279 | +23.9% |
| Financial debts | 43 | €22 | €202 | +€181 | +837% |
| Credit institutions | 430/8 | €22 | €202 | +€181 | +837% |
| Trade debts | 44 | €979 | €1,579 | +€601 | +61.4% |
| Suppliers | 440/4 | €979 | €1,579 | +€601 | +61.4% |
| Taxes, remuneration and social security | 45 | €362,157 | €471,740 | +€109,584 | +30.3% |
| Taxes | 450/3 | €362,157 | €471,740 | +€109,584 | +30.3% |
| Other amounts payable | 47/48 | €19,086 | €0 | -€19,086 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €556 | €469 | -€87 | -15.6% |
| Other operating charges | 640/8 | €448 | €408 | -€41 | -9.1% |
| Gross operating margin | 9900 | €937,311 | €1,088,235 | +€150,924 | +16.1% |
| Operating profit (loss) | 9901 | €936,307 | €1,087,358 | +€151,051 | +16.1% |
| Financial income | 75/76B | €34,105 | €39,147 | +€5,042 | +14.8% |
| Recurring financial income | 75 | €34,105 | €39,147 | +€5,042 | +14.8% |
| Financial charges | 65/66B | -€781 | €2,398 | +€3,180 | |
| Recurring financial charges | 65 | -€781 | €2,398 | +€3,180 | |
| Profit (loss) for the period before taxes | 9903 | €971,193 | €1,124,107 | +€152,914 | +15.7% |
| Income taxes | 67/77 | €238,810 | €280,414 | +€41,605 | +17.4% |
| Profit (loss) for the period | 9904 | €732,383 | €843,693 | +€111,309 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €732,383 | €843,693 | +€111,309 | +15.2% |
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 27 October 2026 via checked.be.