DAP Ama: 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.
DAP Ama
Largest movements
- Receivables within one year +€116,312
up €116,312 (+69.4%), from €167,478 to €283,790
of which Trade receivables: +€110,534
- Cash -€16,545
down €16,545 (-15.2%), from €108,850 to €92,305
mainly Receivables within one year (-€116,312) and Contributions, distributions and other (-€100,000)
- Tangible fixed assets +€16,050
up €16,050 (+4.6%), from €349,792 to €365,842
of which Furniture and vehicles: +€30,323
- Current investments +€8,622
up €8,622 (+28.5%), from €30,263 to €38,885
- Reserves +€94,078
up €94,078 (+24.9%), from €377,739 to €471,817
- Debts after one year -€29,151
down €29,151 (-13.6%), from €213,718 to €184,566
- Trade debts +€19,499
up €19,499 (+70.7%), from €27,568 to €47,067
- Tax, wage and social debts +€17,991
up €17,991 (+124.7%), from €14,422 to €32,413
- Other debts +€17,394
up €17,394 (+57.0%), from €30,530 to €47,924
- Gross operating margin +€63,784
up €63,784 (+27.8%), from €229,319 to €293,103
- Taxes +€15,870
up €15,870 (+34.3%), from €46,320 to €62,190
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 | €711,936 | €831,539 | +€119,603 | +16.8% |
| Fixed assets | 21/28 | €349,792 | €365,842 | +€16,050 | +4.6% |
| Tangible fixed assets | 22/27 | €349,792 | €365,842 | +€16,050 | +4.6% |
| Land and buildings | 22 | €275,049 | €267,049 | -€8,000 | -2.9% |
| Plant, machinery and equipment | 23 | €51,540 | €45,266 | -€6,273 | -12.2% |
| Furniture and vehicles | 24 | €23,203 | €53,526 | +€30,323 | +130.7% |
| Current assets | 29/58 | €362,145 | €465,697 | +€103,553 | +28.6% |
| Stocks and contracts in progress | 3 | €52,310 | €46,354 | -€5,955 | -11.4% |
| Stocks | 30/36 | €52,310 | €46,354 | -€5,955 | -11.4% |
| Amounts receivable within one year | 40/41 | €167,478 | €283,790 | +€116,312 | +69.4% |
| Trade receivables | 40 | €163,417 | €273,951 | +€110,534 | +67.6% |
| Other amounts receivable | 41 | €4,060 | €9,839 | +€5,778 | +142.3% |
| Current investments | 50/53 | €30,263 | €38,885 | +€8,622 | +28.5% |
| Cash at bank and in hand | 54/58 | €108,850 | €92,305 | -€16,545 | -15.2% |
| Deferred charges and accrued income | 490/1 | €3,244 | €4,364 | +€1,119 | +34.5% |
| Total equity and liabilities | 10/49 | €711,936 | €831,539 | +€119,603 | +16.8% |
| Equity | 10/15 | €396,339 | €490,417 | +€94,078 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €377,739 | €471,817 | +€94,078 | +24.9% |
| Distributable reserves | 133 | €377,739 | €471,817 | +€94,078 | +24.9% |
| Amounts payable | 17/49 | €315,597 | €341,122 | +€25,525 | +8.1% |
| Amounts payable after more than one year | 17 | €213,718 | €184,566 | -€29,151 | -13.6% |
| Financial debts | 170/4 | €213,718 | €184,566 | -€29,151 | -13.6% |
| Amounts payable within one year | 42/48 | €101,210 | €156,556 | +€55,346 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €28,689 | €29,151 | +€462 | +1.6% |
| Trade debts | 44 | €27,568 | €47,067 | +€19,499 | +70.7% |
| Suppliers | 440/4 | €27,568 | €47,067 | +€19,499 | +70.7% |
| Taxes, remuneration and social security | 45 | €14,422 | €32,413 | +€17,991 | +124.7% |
| Taxes | 450/3 | €14,422 | €32,413 | +€17,991 | +124.7% |
| Other amounts payable | 47/48 | €30,530 | €47,924 | +€17,394 | +57.0% |
| Accrued charges and deferred income | 492/3 | €669 | - | -€669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,949 | €29,934 | -€15 | -0.1% |
| Other operating charges | 640/8 | €2,801 | €3,835 | +€1,034 | +36.9% |
| Gross operating margin | 9900 | €229,319 | €293,103 | +€63,784 | +27.8% |
| Operating profit (loss) | 9901 | €196,569 | €259,335 | +€62,765 | +31.9% |
| Financial income | 75/76B | €183 | €178 | -€5 | -2.6% |
| Recurring financial income | 75 | €183 | €178 | -€5 | -2.6% |
| Financial charges | 65/66B | €3,718 | €3,245 | -€473 | -12.7% |
| Recurring financial charges | 65 | €3,718 | €3,245 | -€473 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €193,034 | €256,267 | +€63,233 | +32.8% |
| Income taxes | 67/77 | €46,320 | €62,190 | +€15,870 | +34.3% |
| Profit (loss) for the period | 9904 | €146,714 | €194,078 | +€47,363 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €146,714 | €194,078 | +€47,363 | +32.3% |
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.