Den Dam: 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.
What changed
Den Dam
NACE 23.700, Cutting, shaping and finishing of stone
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€313,196
2024 · €86,669+€226,526
Equity
€3.4m
2024 · €3.4m+€26,031
Cash
€443,340
2024 · €394,032+€49,308
Balance sheet total
€4.3m
2024 · €4.3m+€63,713
Largest movements
Assets
- Receivables within one year +€201,117
up €201,117 (+8.5%), from €2.4m to €2.6m
of which Other amounts receivable: +€125,372
- Stocks and contracts -€152,211
down €152,211 (-21.4%), from €712,656 to €560,446
- Tangible fixed assets -€116,847
down €116,847 (-14.5%), from €807,652 to €690,806
of which Plant, machinery and equipment: -€102,734
- Intangible fixed assets +€86,292
new in 2025: €86,292
- Cash +€49,308
up €49,308 (+12.5%), from €394,032 to €443,340
mainly Net result for the year (+€313,196) and Depreciation (+€238,669)
Equity and liabilities
- Trade debts +€46,076
up €46,076 (+12.8%), from €360,776 to €406,852
Income statement
- Gross operating margin +€555,846
up €555,846 (+24.6%), from €2.3m to €2.8m
- Staff costs +€168,989
up €168,989 (+8.6%), from €2.0m to €2.1m
- Taxes +€73,092
up €73,092 (+212.9%), from €34,334 to €107,426
- Write-downs +€69,437
up €69,437 (+1574.0%), from €4,411 to €73,848
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.
Result 2024
€86,669
Gross operating margin
+€555,846
Staff costs
-€168,989
Depreciation
-€26,750
Write-downs
-€69,437
Other operating charges
+€603
Financial income
+€4,110
Financial charges
-€541
Taxes
-€73,092
Deferred taxes and other
+€4,775
Result 2025
€313,196
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.
From operations
+€544,586
Investment
-€208,114
Financing
-€287,165
Cash 2024
€394,032
From operations (derived)
+€544,586
Net result for the year
+€313,196
Depreciation
+€238,669
Stocks and contracts
+€152,211
Receivables within one year
-€201,117
Deferred charges and accrued income
+€3,946
Provisions
+€3,656
Trade debts
+€46,076
Tax, wage and social debts
-€8,098
Other debts
-€5,000
Accrued charges and deferred income
+€1,049
Investment (derived)
-€208,114
Investment in fixed assets (net)
-€208,114
Financing
-€287,165
Contributions, distributions and other
-€287,165
Cash 2025
€443,340
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,278,726 | €4,342,439 | +€63,713 | +1.5% |
| Fixed assets | 21/28 | €807,652 | €777,098 | -€30,555 | -3.8% |
| Intangible fixed assets | 21 | - | €86,292 | +€86,292 | |
| Tangible fixed assets | 22/27 | €807,652 | €690,806 | -€116,847 | -14.5% |
| Land and buildings | 22 | €24,304 | €21,379 | -€2,925 | -12.0% |
| Plant, machinery and equipment | 23 | €592,674 | €489,940 | -€102,734 | -17.3% |
| Furniture and vehicles | 24 | €190,675 | €179,487 | -€11,188 | -5.9% |
| Current assets | 29/58 | €3,471,073 | €3,565,341 | +€94,268 | +2.7% |
| Stocks and contracts in progress | 3 | €712,656 | €560,446 | -€152,211 | -21.4% |
| Stocks | 30/36 | €712,656 | €560,446 | -€152,211 | -21.4% |
| Amounts receivable within one year | 40/41 | €2,353,677 | €2,554,794 | +€201,117 | +8.5% |
| Trade receivables | 40 | €457,923 | €533,668 | +€75,745 | +16.5% |
| Other amounts receivable | 41 | €1,895,753 | €2,021,125 | +€125,372 | +6.6% |
| Cash at bank and in hand | 54/58 | €394,032 | €443,340 | +€49,308 | +12.5% |
| Deferred charges and accrued income | 490/1 | €10,708 | €6,762 | -€3,946 | -36.8% |
| Total equity and liabilities | 10/49 | €4,278,726 | €4,342,439 | +€63,713 | +1.5% |
| Equity | 10/15 | €3,375,331 | €3,401,361 | +€26,031 | +0.8% |
| Contributions | 10/11 | €3,233,843 | €3,233,843 | = | 0.0% |
| Capital | 10 | €3,222,616 | €3,222,616 | = | 0.0% |
| Issued capital | 100 | €3,222,616 | €3,222,616 | = | 0.0% |
| Contributions outside capital | 11 | €11,227 | €11,227 | = | 0.0% |
| Share premium | 1100/10 | €11,227 | €11,227 | = | 0.0% |
| Reserves | 13 | €141,488 | €167,519 | +€26,031 | +18.4% |
| Non-distributable reserves | 130/1 | €122,255 | €137,259 | +€15,003 | +12.3% |
| Legal reserve | 130 | €122,255 | €137,259 | +€15,003 | +12.3% |
| Tax-exempt reserves | 132 | €18,799 | €29,767 | +€10,968 | +58.3% |
| Distributable reserves | 133 | €434 | €494 | +€60 | +13.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €6,266 | €9,922 | +€3,656 | +58.3% |
| Deferred taxes | 168 | €6,266 | €9,922 | +€3,656 | +58.3% |
| Amounts payable | 17/49 | €897,129 | €931,156 | +€34,027 | +3.8% |
| Amounts payable within one year | 42/48 | €895,654 | €928,631 | +€32,977 | +3.7% |
| Trade debts | 44 | €360,776 | €406,852 | +€46,076 | +12.8% |
| Suppliers | 440/4 | €360,776 | €406,852 | +€46,076 | +12.8% |
| Taxes, remuneration and social security | 45 | €244,878 | €236,779 | -€8,098 | -3.3% |
| Taxes | 450/3 | €20,453 | €73,280 | +€52,827 | +258.3% |
| Remuneration and social security | 454/9 | €224,425 | €163,499 | -€60,926 | -27.1% |
| Other amounts payable | 47/48 | €290,000 | €285,000 | -€5,000 | -1.7% |
| Accrued charges and deferred income | 492/3 | €1,476 | €2,525 | +€1,049 | +71.1% |
| Non-recurring operating income | 76A | €27,958 | €20,750 | -€7,208 | -25.8% |
| Remuneration, social security and pensions | 62 | €1,966,670 | €2,135,659 | +€168,989 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,919 | €238,669 | +€26,750 | +12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,411 | €73,848 | +€69,437 | +1574.0% |
| Other operating charges | 640/8 | €20,988 | €20,385 | -€603 | -2.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,261,617 | €2,817,464 | +€555,846 | +24.6% |
| Operating profit (loss) | 9901 | €57,629 | €348,903 | +€291,274 | +505.4% |
| Financial income | 75/76B | €76,713 | €80,823 | +€4,110 | +5.4% |
| Recurring financial income | 75 | €76,713 | €80,823 | +€4,110 | +5.4% |
| Financial charges | 65/66B | €7,073 | €7,614 | +€541 | +7.7% |
| Recurring financial charges | 65 | €7,073 | €7,614 | +€541 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €127,269 | €422,112 | +€294,843 | +231.7% |
| Transfer from deferred taxes | 780 | - | €2,886 | +€2,886 | |
| Transfer to deferred taxes | 680 | €6,266 | €4,378 | -€1,889 | -30.1% |
| Income taxes | 67/77 | €34,334 | €107,426 | +€73,092 | +212.9% |
| Profit (loss) for the period | 9904 | €86,669 | €313,196 | +€226,526 | +261.4% |
| Transfer to tax-exempt reserves | 689 | €18,799 | €13,133 | -€5,666 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,870 | €300,063 | +€232,193 | +342.1% |
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 10 October 2026 via checked.be.