DAMS-MOEREELS: 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-MOEREELS
Largest movements
- Cash -€52,613
down €52,613 (-7.8%), from €675,429 to €622,817
mainly Trade debts (-€72,465) and Contributions, distributions and other (-€40,000)
- Tangible fixed assets -€32,884
down €32,884 (-21.0%), from €156,534 to €123,650
of which Plant, machinery and equipment: -€33,748
- Stocks and contracts -€10,220
down €10,220 (-10.0%), from €102,191 to €91,971
- Trade debts -€72,465
down €72,465 (-44.5%), from €162,839 to €90,374
- Other debts -€25,028
down €25,028 (-38.2%), from €65,555 to €40,527
- Reserves -€9,965
down €9,965 (-1.4%), from €710,890 to €700,925
- Gross operating margin +€20,883
up €20,883 (+29.2%), from €71,622 to €92,505
- Depreciation +€19,026
up €19,026 (+83.1%), from €22,906 to €41,932
- Other operating charges +€5,446
up €5,446 (+306%), from €1,780 to €7,226
- Financial income +€3,865
up €3,865 (+216%), from €1,790 to €5,654
- Taxes +€2,843
up €2,843 (+22.5%), from €12,629 to €15,472
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 | €967,727 | €864,909 | -€102,818 | -10.6% |
| Fixed assets | 21/28 | €156,534 | €123,650 | -€32,884 | -21.0% |
| Tangible fixed assets | 22/27 | €156,534 | €123,650 | -€32,884 | -21.0% |
| Land and buildings | 22 | €7,503 | €5,573 | -€1,930 | -25.7% |
| Plant, machinery and equipment | 23 | €135,397 | €101,649 | -€33,748 | -24.9% |
| Furniture and vehicles | 24 | €13,634 | €16,428 | +€2,794 | +20.5% |
| Current assets | 29/58 | €811,193 | €741,258 | -€69,934 | -8.6% |
| Stocks and contracts in progress | 3 | €102,191 | €91,971 | -€10,220 | -10.0% |
| Stocks | 30/36 | €102,191 | €91,971 | -€10,220 | -10.0% |
| Amounts receivable within one year | 40/41 | €28,670 | €22,959 | -€5,711 | -19.9% |
| Trade receivables | 40 | €28,670 | €22,959 | -€5,711 | -19.9% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €675,429 | €622,817 | -€52,613 | -7.8% |
| Deferred charges and accrued income | 490/1 | €4,902 | €3,511 | -€1,391 | -28.4% |
| Total equity and liabilities | 10/49 | €967,727 | €864,909 | -€102,818 | -10.6% |
| Equity | 10/15 | €735,890 | €725,925 | -€9,965 | -1.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €710,890 | €700,925 | -€9,965 | -1.4% |
| Distributable reserves | 133 | €710,890 | €700,925 | -€9,965 | -1.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €231,837 | €138,984 | -€92,853 | -40.1% |
| Amounts payable within one year | 42/48 | €231,520 | €138,984 | -€92,536 | -40.0% |
| Trade debts | 44 | €162,839 | €90,374 | -€72,465 | -44.5% |
| Suppliers | 440/4 | €162,839 | €90,374 | -€72,465 | -44.5% |
| Taxes, remuneration and social security | 45 | €3,126 | €8,083 | +€4,957 | +159% |
| Taxes | 450/3 | €3,126 | €8,083 | +€4,957 | +159% |
| Other amounts payable | 47/48 | €65,555 | €40,527 | -€25,028 | -38.2% |
| Accrued charges and deferred income | 492/3 | €317 | €0 | -€317 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,906 | €41,932 | +€19,026 | +83.1% |
| Other operating charges | 640/8 | €1,780 | €7,226 | +€5,446 | +306% |
| Non-recurring operating charges | 66A | €2,040 | €0 | -€2,040 | -100% |
| Gross operating margin | 9900 | €71,622 | €92,505 | +€20,883 | +29.2% |
| Operating profit (loss) | 9901 | €44,896 | €43,347 | -€1,549 | -3.4% |
| Financial income | 75/76B | €1,790 | €5,654 | +€3,865 | +216% |
| Recurring financial income | 75 | €1,790 | €5,654 | +€3,865 | +216% |
| Financial charges | 65/66B | €3,506 | €3,494 | -€12 | -0.3% |
| Recurring financial charges | 65 | €3,506 | €3,494 | -€12 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €43,179 | €45,507 | +€2,328 | +5.4% |
| Income taxes | 67/77 | €12,629 | €15,472 | +€2,843 | +22.5% |
| Profit (loss) for the period | 9904 | €30,550 | €30,035 | -€515 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,550 | €30,035 | -€515 | -1.7% |
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 17 October 2026 via checked.be.