DAMJAL: what changed
Two fiscal 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
DAMJAL
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€124,245
2024 · €148,546-€272,791
Equity
€838,480
2024 · €962,725-€124,245
Cash
€7,223
2024 · €155,219-€147,996
Balance sheet total
€1.4m
2024 · €1.6m-€197,110
Largest movements
Assets
- Cash -€147,996
down €147,996 (-95.3%), from €155,219 to €7,223
mainly Net result for the year (-€124,245) and Debts after one year (-€74,986)
- Tangible fixed assets -€56,834
down €56,834 (-3.9%), from €1.4m to €1.4m
of which Land and buildings: -€55,668
Equity and liabilities
- Profit (loss) carried forward -€114,120
down €114,120 (-127.3%), from -€89,660 to -€203,780
- Debts after one year -€74,986
down €74,986 (-14.3%), from €523,731 to €448,745
- Trade debts +€20,259
up €20,259 (+219.0%), from €9,250 to €29,509
Income statement
- Gross operating margin -€293,598
down €293,598, from €261,704 to -€31,894
- Other operating charges -€20,334
down €20,334 (-51.3%), from €39,627 to €19,293
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
€148,546
Gross operating margin
-€293,598
Depreciation
+€713
Other operating charges
+€20,334
Financial income
-€6
Financial charges
+€1,510
Deferred taxes and other
-€1,744
Result 2025
-€124,245
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.
From operations
-€57,143
Investment
-€8,500
Financing
-€82,353
Cash 2024
€155,219
From operations (derived)
-€57,143
Net result for the year
-€124,245
Depreciation
+€65,334
Receivables within one year
-€6,978
Deferred charges and accrued income
-€741
Provisions
-€3,375
Trade debts
+€20,259
Other debts
-€7,396
Investment (derived)
-€8,500
Investment in fixed assets (net)
-€8,500
Financing
-€82,353
Debts after one year
-€74,986
Current portion of long-term debt
-€7,367
Cash 2025
€7,223
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,618,954 | €1,421,844 | -€197,110 | -12.2% |
| Fixed assets | 21/28 | €1,449,090 | €1,392,257 | -€56,834 | -3.9% |
| Tangible fixed assets | 22/27 | €1,449,090 | €1,392,257 | -€56,834 | -3.9% |
| Land and buildings | 22 | €1,439,761 | €1,384,094 | -€55,668 | -3.9% |
| Plant, machinery and equipment | 23 | €3,817 | €7,873 | +€4,056 | +106.3% |
| Furniture and vehicles | 24 | €5,512 | €290 | -€5,222 | -94.7% |
| Current assets | 29/58 | €169,864 | €29,587 | -€140,277 | -82.6% |
| Amounts receivable within one year | 40/41 | €11,373 | €18,352 | +€6,978 | +61.4% |
| Trade receivables | 40 | €4,828 | €13,251 | +€8,423 | +174.5% |
| Other amounts receivable | 41 | €6,545 | €5,100 | -€1,445 | -22.1% |
| Cash at bank and in hand | 54/58 | €155,219 | €7,223 | -€147,996 | -95.3% |
| Deferred charges and accrued income | 490/1 | €3,271 | €4,013 | +€741 | +22.7% |
| Total equity and liabilities | 10/49 | €1,618,954 | €1,421,844 | -€197,110 | -12.2% |
| Equity | 10/15 | €962,725 | €838,480 | -€124,245 | -12.9% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Revaluation surpluses | 12 | €771,994 | €771,994 | = | 0.0% |
| Reserves | 13 | €82,077 | €71,952 | -€10,125 | -12.3% |
| Non-distributable reserves | 130/1 | €3,407 | €3,407 | = | 0.0% |
| Legal reserve | 130 | €3,407 | €3,407 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,569 | €33,444 | -€10,125 | -23.2% |
| Distributable reserves | 133 | €35,101 | €35,101 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,660 | -€203,780 | -€114,120 | -127.3% |
| Provisions and deferred taxes | 16 | €14,523 | €11,148 | -€3,375 | -23.2% |
| Deferred taxes | 168 | €14,523 | €11,148 | -€3,375 | -23.2% |
| Amounts payable | 17/49 | €641,706 | €572,216 | -€69,490 | -10.8% |
| Amounts payable after more than one year | 17 | €523,731 | €448,745 | -€74,986 | -14.3% |
| Financial debts | 170/4 | €523,731 | €448,745 | -€74,986 | -14.3% |
| Amounts payable within one year | 42/48 | €117,975 | €123,470 | +€5,496 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €82,353 | €74,986 | -€7,367 | -8.9% |
| Trade debts | 44 | €9,250 | €29,509 | +€20,259 | +219.0% |
| Suppliers | 440/4 | €9,250 | €29,509 | +€20,259 | +219.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €26,372 | €18,976 | -€7,396 | -28.0% |
| Non-recurring operating income | 76A | €183,382 | €0 | -€183,382 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,046 | €65,334 | -€713 | -1.1% |
| Other operating charges | 640/8 | €39,627 | €19,293 | -€20,334 | -51.3% |
| Gross operating margin | 9900 | €261,704 | -€31,894 | -€293,598 | |
| Operating profit (loss) | 9901 | €156,031 | -€116,521 | -€272,552 | |
| Financial income | 75/76B | €22 | €16 | -€6 | -25.6% |
| Recurring financial income | 75 | €22 | €16 | -€6 | -25.6% |
| Financial charges | 65/66B | €12,626 | €11,115 | -€1,510 | -12.0% |
| Recurring financial charges | 65 | €12,626 | €11,115 | -€1,510 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €143,427 | -€127,620 | -€271,047 | |
| Transfer from deferred taxes | 780 | €5,119 | €3,375 | -€1,744 | -34.1% |
| Profit (loss) for the period | 9904 | €148,546 | -€124,245 | -€272,791 | |
| Transfer from tax-exempt reserves | 789 | €15,357 | €10,125 | -€5,232 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €163,903 | -€114,120 | -€278,023 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.