DAMNET: 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.
DAMNET
Largest movements
- Cash -€252,752
down €252,752 (-71.2%), from €355,086 to €102,334
mainly Tax, wage and social debts (-€203,271) and Trade debts (-€145,903)
- Receivables within one year -€152,207
down €152,207 (-26.4%), from €575,635 to €423,428
of which Trade receivables: -€151,532
- Tangible fixed assets -€38,059
down €38,059 (-17.8%), from €214,304 to €176,246
of which Furniture and vehicles: -€30,361
- Deferred charges and accrued income +€28,941
up €28,941 (+127.9%), from €22,636 to €51,576
- Stocks and contracts -€17,006
down €17,006 (-45.9%), from €37,054 to €20,048
- Tax, wage and social debts -€203,271
down €203,271 (-52.7%), from €385,961 to €182,690
of which Remuneration and social security: -€193,373
- Trade debts -€145,903
down €145,903 (-40.3%), from €362,332 to €216,429
- Provisions -€92,150
no longer reported in 2025 (was €92,150)
- Contributions +€88,344
up €88,344 (+48.8%), from €181,205 to €269,548
- Reserves -€87,243
no longer reported in 2025 (was €87,243)
- Staff costs -€621,733
down €621,733 (-27.4%), from €2.3m to €1.6m
- Gross operating margin -€510,385
down €510,385 (-23.1%), from €2.2m to €1.7m
- Provisions -€149,150
down €149,150, from €83,000 to -€66,150
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 | €1,245,491 | €809,368 | -€436,123 | -35.0% |
| Fixed assets | 21/28 | €255,080 | €211,981 | -€43,099 | -16.9% |
| Intangible fixed assets | 21 | €40,630 | €35,591 | -€5,040 | -12.4% |
| Tangible fixed assets | 22/27 | €214,304 | €176,246 | -€38,059 | -17.8% |
| Furniture and vehicles | 24 | €199,389 | €169,028 | -€30,361 | -15.2% |
| Other tangible fixed assets | 26 | €14,915 | €7,218 | -€7,697 | -51.6% |
| Financial fixed assets | 28 | €145 | €145 | = | 0.0% |
| Current assets | 29/58 | €990,411 | €597,387 | -€393,024 | -39.7% |
| Stocks and contracts in progress | 3 | €37,054 | €20,048 | -€17,006 | -45.9% |
| Stocks | 30/36 | €37,054 | €20,048 | -€17,006 | -45.9% |
| Amounts receivable within one year | 40/41 | €575,635 | €423,428 | -€152,207 | -26.4% |
| Trade receivables | 40 | €510,320 | €358,788 | -€151,532 | -29.7% |
| Other amounts receivable | 41 | €65,315 | €64,640 | -€675 | -1.0% |
| Cash at bank and in hand | 54/58 | €355,086 | €102,334 | -€252,752 | -71.2% |
| Deferred charges and accrued income | 490/1 | €22,636 | €51,576 | +€28,941 | +127.9% |
| Total equity and liabilities | 10/49 | €1,245,491 | €809,368 | -€436,123 | -35.0% |
| Equity | 10/15 | €125,010 | €126,539 | +€1,529 | +1.2% |
| Contributions | 10/11 | €181,205 | €269,548 | +€88,344 | +48.8% |
| Reserves | 13 | €87,243 | - | -€87,243 | |
| Non-distributable reserves | 130/1 | €87,243 | - | -€87,243 | |
| Reserves not available under the articles | 1311 | €87,243 | - | -€87,243 | |
| Profit (loss) carried forward | 14 | -€150,732 | -€145,304 | +€5,428 | +3.6% |
| Investment grants | 15 | €7,295 | €2,295 | -€5,000 | -68.5% |
| Provisions and deferred taxes | 16 | €92,150 | - | -€92,150 | |
| Provisions for liabilities and charges | 160/5 | €92,150 | - | -€92,150 | |
| Other liabilities and charges | 164/5 | €92,150 | - | -€92,150 | |
| Amounts payable | 17/49 | €1,028,331 | €682,829 | -€345,502 | -33.6% |
| Amounts payable after more than one year | 17 | €40,654 | €125,454 | +€84,799 | +208.6% |
| Financial debts | 170/4 | €40,654 | €125,454 | +€84,799 | +208.6% |
| Amounts payable within one year | 42/48 | €976,145 | €554,512 | -€421,633 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €51,793 | €15,201 | -€36,592 | -70.7% |
| Financial debts | 43 | €130,000 | €111,611 | -€18,389 | -14.1% |
| Credit institutions | 430/8 | €130,000 | €111,611 | -€18,389 | -14.1% |
| Trade debts | 44 | €362,332 | €216,429 | -€145,903 | -40.3% |
| Suppliers | 440/4 | €362,332 | €216,429 | -€145,903 | -40.3% |
| Taxes, remuneration and social security | 45 | €385,961 | €182,690 | -€203,271 | -52.7% |
| Taxes | 450/3 | €44,410 | €34,513 | -€9,897 | -22.3% |
| Remuneration and social security | 454/9 | €341,551 | €148,178 | -€193,373 | -56.6% |
| Other amounts payable | 47/48 | €46,059 | €28,581 | -€17,478 | -37.9% |
| Accrued charges and deferred income | 492/3 | €11,531 | €2,863 | -€8,668 | -75.2% |
| Non-recurring operating income | 76A | - | €58,812 | +€58,812 | |
| Remuneration, social security and pensions | 62 | €2,271,213 | €1,649,480 | -€621,733 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,497 | €125,531 | -€19,966 | -13.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €83,000 | -€66,150 | -€149,150 | |
| Other operating charges | 640/8 | €9,086 | €7,795 | -€1,292 | -14.2% |
| Non-recurring operating charges | 66A | €2,648 | €8,758 | +€6,110 | +230.8% |
| Gross operating margin | 9900 | €2,208,708 | €1,698,324 | -€510,385 | -23.1% |
| Operating profit (loss) | 9901 | -€302,736 | -€27,091 | +€275,645 | +91.1% |
| Financial income | 75/76B | €0 | €5,620 | +€5,620 | +3122227.8% |
| Recurring financial income | 75 | €0 | €5,620 | +€5,620 | +3122227.8% |
| Financial charges | 65/66B | €45,909 | €54,102 | +€8,194 | +17.8% |
| Recurring financial charges | 65 | €45,909 | €54,102 | +€8,194 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€348,644 | -€75,573 | +€273,071 | +78.3% |
| Income taxes | 67/77 | - | €6,242 | +€6,242 | |
| Profit (loss) for the period | 9904 | -€348,644 | -€81,815 | +€266,829 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€348,644 | -€81,815 | +€266,829 | +76.5% |
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 3 October 2026 via checked.be.