DAMKAS: 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.
DAMKAS
Largest movements
- Cash +€60,874
up €60,874 (+106.9%), from €56,921 to €117,795
mainly Net result for the year (+€44,165) and Other debts (+€30,724)
- Tangible fixed assets -€8,348
down €8,348 (-3.4%), from €245,986 to €237,638
of which Land and buildings: -€10,917
- Other debts +€30,724
up €30,724 (+2039.7%), from €1,506 to €32,230
- Reserves +€13,509
up €13,509 (+10.3%), from €131,257 to €144,766
of which Distributable reserves: +€13,509
- Tax, wage and social debts +€7,520
up €7,520 (+205.3%), from €3,662 to €11,182
- Depreciation -€8,976
down €8,976 (-39.9%), from €22,497 to €13,521
- Taxes +€2,521
up €2,521 (+13.5%), from €18,634 to €21,154
- Gross operating margin -€2,223
down €2,223 (-2.4%), from €91,428 to €89,205
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €303,124 | €355,570 | +€52,446 | +17.3% |
| Fixed assets | 21/28 | €245,986 | €237,638 | -€8,348 | -3.4% |
| Tangible fixed assets | 22/27 | €245,986 | €237,638 | -€8,348 | -3.4% |
| Land and buildings | 22 | €235,293 | €224,376 | -€10,917 | -4.6% |
| Plant, machinery and equipment | 23 | €9,954 | €12,771 | +€2,818 | +28.3% |
| Furniture and vehicles | 24 | €740 | €491 | -€249 | -33.6% |
| Current assets | 29/58 | €57,138 | €117,932 | +€60,793 | +106.4% |
| Amounts receivable within one year | 40/41 | €218 | €137 | -€81 | -37.1% |
| Trade receivables | 40 | €90 | €0 | -€90 | -100.0% |
| Other amounts receivable | 41 | €128 | €137 | +€9 | +7.2% |
| Cash at bank and in hand | 54/58 | €56,921 | €117,795 | +€60,874 | +106.9% |
| Total equity and liabilities | 10/49 | €303,124 | €355,570 | +€52,446 | +17.3% |
| Equity | 10/15 | €297,497 | €311,006 | +€13,509 | +4.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €14,556 | €14,556 | = | 0.0% |
| Reserves | 13 | €131,257 | €144,766 | +€13,509 | +10.3% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €121,257 | €134,766 | +€13,509 | +11.1% |
| Profit (loss) carried forward | 14 | €51,685 | €51,685 | = | 0.0% |
| Amounts payable | 17/49 | €5,627 | €44,564 | +€38,937 | +692.0% |
| Amounts payable within one year | 42/48 | €5,169 | €44,099 | +€38,931 | +753.2% |
| Trade debts | 44 | €0 | €687 | +€687 | |
| Suppliers | 440/4 | €0 | €687 | +€687 | |
| Taxes, remuneration and social security | 45 | €3,662 | €11,182 | +€7,520 | +205.3% |
| Taxes | 450/3 | €3,662 | €11,182 | +€7,520 | +205.3% |
| Other amounts payable | 47/48 | €1,506 | €32,230 | +€30,724 | +2039.7% |
| Accrued charges and deferred income | 492/3 | €458 | €465 | +€7 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,497 | €13,521 | -€8,976 | -39.9% |
| Other operating charges | 640/8 | €9,923 | €10,233 | +€309 | +3.1% |
| Gross operating margin | 9900 | €91,428 | €89,205 | -€2,223 | -2.4% |
| Operating profit (loss) | 9901 | €59,008 | €65,452 | +€6,444 | +10.9% |
| Financial charges | 65/66B | €167 | €132 | -€35 | -21.0% |
| Recurring financial charges | 65 | €167 | €132 | -€35 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €58,841 | €65,320 | +€6,479 | +11.0% |
| Income taxes | 67/77 | €18,634 | €21,154 | +€2,521 | +13.5% |
| Profit (loss) for the period | 9904 | €40,207 | €44,165 | +€3,958 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,207 | €44,165 | +€3,958 | +9.8% |
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 4 October 2026 via checked.be.