Dams Alex: 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.
Dams Alex
Largest movements
- Current investments +€226,510
up €226,510 (+25.2%), from €898,708 to €1.1m
- Cash -€174,962
down €174,962 (-53.4%), from €327,686 to €152,724
mainly Current investments (-€226,510) and Investment in fixed assets (net) (-€5,578)
- Receivables within one year -€14,043
down €14,043 (-54.6%), from €25,726 to €11,683
of which Trade receivables: -€7,111
- Reserves +€38,492
up €38,492 (+3.0%), from €1.3m to €1.3m
of which Distributable reserves: +€38,492
- Gross operating margin -€34,224
down €34,224 (-56.5%), from €60,577 to €26,353
- Financial income +€24,908
up €24,908 (+163%), from €15,275 to €40,183
- Depreciation -€2,748
down €2,748 (-34.2%), from €8,046 to €5,298
- Taxes -€1,809
down €1,809 (-11.0%), from €16,465 to €14,655
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 | €1,322,704 | €1,363,692 | +€40,988 | +3.1% |
| Fixed assets | 21/28 | €57,830 | €58,110 | +€280 | +0.5% |
| Tangible fixed assets | 22/27 | €57,308 | €57,589 | +€280 | +0.5% |
| Land and buildings | 22 | €53,198 | €51,758 | -€1,441 | -2.7% |
| Plant, machinery and equipment | 23 | €2,511 | €4,836 | +€2,325 | +92.6% |
| Furniture and vehicles | 24 | €1,599 | €995 | -€604 | -37.8% |
| Financial fixed assets | 28 | €522 | €522 | = | 0.0% |
| Current assets | 29/58 | €1,264,874 | €1,305,582 | +€40,708 | +3.2% |
| Stocks and contracts in progress | 3 | €1,160 | €1,157 | -€3 | -0.2% |
| Stocks | 30/36 | €1,160 | €1,157 | -€3 | -0.2% |
| Amounts receivable within one year | 40/41 | €25,726 | €11,683 | -€14,043 | -54.6% |
| Trade receivables | 40 | €14,904 | €7,792 | -€7,111 | -47.7% |
| Other amounts receivable | 41 | €10,823 | €3,891 | -€6,932 | -64.0% |
| Current investments | 50/53 | €898,708 | €1,125,219 | +€226,510 | +25.2% |
| Cash at bank and in hand | 54/58 | €327,686 | €152,724 | -€174,962 | -53.4% |
| Deferred charges and accrued income | 490/1 | €11,592 | €14,798 | +€3,206 | +27.7% |
| Total equity and liabilities | 10/49 | €1,322,704 | €1,363,692 | +€40,988 | +3.1% |
| Equity | 10/15 | €1,316,533 | €1,355,024 | +€38,492 | +2.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,296,533 | €1,335,024 | +€38,492 | +3.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,230,367 | €1,268,859 | +€38,492 | +3.1% |
| Amounts payable | 17/49 | €6,171 | €8,668 | +€2,497 | +40.5% |
| Amounts payable within one year | 42/48 | €4,671 | €7,168 | +€2,497 | +53.4% |
| Trade debts | 44 | €3,373 | €1,892 | -€1,481 | -43.9% |
| Suppliers | 440/4 | €3,373 | €1,892 | -€1,481 | -43.9% |
| Taxes, remuneration and social security | 45 | €506 | €1,987 | +€1,481 | +293% |
| Remuneration and social security | 454/9 | €506 | €1,987 | +€1,481 | +293% |
| Other amounts payable | 47/48 | €792 | €3,289 | +€2,497 | +315% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,046 | €5,298 | -€2,748 | -34.2% |
| Other operating charges | 640/8 | €7,172 | €7,138 | -€34 | -0.5% |
| Gross operating margin | 9900 | €60,577 | €26,353 | -€34,224 | -56.5% |
| Operating profit (loss) | 9901 | €45,359 | €13,918 | -€31,441 | -69.3% |
| Financial income | 75/76B | €15,275 | €40,183 | +€24,908 | +163% |
| Recurring financial income | 75 | €15,275 | €40,183 | +€24,908 | +163% |
| Financial charges | 65/66B | €817 | €954 | +€138 | +16.8% |
| Recurring financial charges | 65 | €817 | €954 | +€138 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €59,817 | €53,147 | -€6,670 | -11.2% |
| Income taxes | 67/77 | €16,465 | €14,655 | -€1,809 | -11.0% |
| Profit (loss) for the period | 9904 | €43,353 | €38,492 | -€4,861 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,353 | €38,492 | -€4,861 | -11.2% |
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 22 October 2026 via checked.be.