DR. A. 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.
DR. A. DAM
Largest movements
- Deferred charges and accrued income +€213,334
up €213,334 (+54953.3%), from €388 to €213,723
- Cash +€81,435
up €81,435 (+14.8%), from €548,392 to €629,827
mainly Net result for the year (+€314,675) and Depreciation (+€36,415)
- Current investments +€69,642
up €69,642 (+14.4%), from €482,930 to €552,573
- Reserves +€314,675
up €314,675 (+15.7%), from €2.0m to €2.3m
- Tax, wage and social debts +€35,691
up €35,691 (+156.1%), from €22,857 to €58,548
- Gross operating margin +€202,106
up €202,106 (+70.2%), from €287,894 to €490,000
- Taxes +€59,650
up €59,650 (+72.7%), from €82,056 to €141,706
- Financial income -€9,012
down €9,012 (-40.3%), from €22,382 to €13,370
of which Non-recurring financial income: -€16,875
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 | €2,052,358 | €2,398,417 | +€346,058 | +16.9% |
| Fixed assets | 21/28 | €1,002,402 | €975,402 | -€27,000 | -2.7% |
| Tangible fixed assets | 22/27 | €902,402 | €885,402 | -€17,000 | -1.9% |
| Land and buildings | 22 | €764,167 | €773,196 | +€9,029 | +1.2% |
| Furniture and vehicles | 24 | €138,235 | €112,206 | -€26,029 | -18.8% |
| Financial fixed assets | 28 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Current assets | 29/58 | €1,049,956 | €1,423,015 | +€373,059 | +35.5% |
| Amounts receivable within one year | 40/41 | €18,246 | €26,893 | +€8,647 | +47.4% |
| Trade receivables | 40 | €3,622 | €1,064 | -€2,558 | -70.6% |
| Other amounts receivable | 41 | €14,624 | €25,829 | +€11,205 | +76.6% |
| Current investments | 50/53 | €482,930 | €552,573 | +€69,642 | +14.4% |
| Cash at bank and in hand | 54/58 | €548,392 | €629,827 | +€81,435 | +14.8% |
| Deferred charges and accrued income | 490/1 | €388 | €213,723 | +€213,334 | +54953.3% |
| Total equity and liabilities | 10/49 | €2,052,358 | €2,398,417 | +€346,058 | +16.9% |
| Equity | 10/15 | €2,011,772 | €2,326,447 | +€314,675 | +15.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Share premium | 1100/10 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,999,372 | €2,314,047 | +€314,675 | +15.7% |
| Distributable reserves | 133 | €1,999,372 | €2,314,047 | +€314,675 | +15.7% |
| Amounts payable | 17/49 | €40,586 | €71,969 | +€31,384 | +77.3% |
| Amounts payable within one year | 42/48 | €40,586 | €71,969 | +€31,384 | +77.3% |
| Trade debts | 44 | €17,352 | €13,422 | -€3,930 | -22.6% |
| Suppliers | 440/4 | €17,352 | €13,422 | -€3,930 | -22.6% |
| Taxes, remuneration and social security | 45 | €22,857 | €58,548 | +€35,691 | +156.1% |
| Taxes | 450/3 | €22,857 | €58,548 | +€35,691 | +156.1% |
| Other amounts payable | 47/48 | €377 | - | -€377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,754 | €36,415 | +€1,661 | +4.8% |
| Other operating charges | 640/8 | €5,077 | €5,042 | -€35 | -0.7% |
| Gross operating margin | 9900 | €287,894 | €490,000 | +€202,106 | +70.2% |
| Operating profit (loss) | 9901 | €248,063 | €448,543 | +€200,480 | +80.8% |
| Financial income | 75/76B | €22,382 | €13,370 | -€9,012 | -40.3% |
| Recurring financial income | 75 | €5,508 | €13,370 | +€7,863 | +142.8% |
| Non-recurring financial income | 76B | €16,875 | - | -€16,875 | |
| Financial charges | 65/66B | €1,341 | €5,533 | +€4,191 | +312.5% |
| Recurring financial charges | 65 | €1,110 | €1,909 | +€799 | +72.0% |
| Non-recurring financial charges | 66B | €231 | €3,623 | +€3,392 | +1467.7% |
| Profit (loss) for the period before taxes | 9903 | €269,104 | €456,381 | +€187,276 | +69.6% |
| Income taxes | 67/77 | €82,056 | €141,706 | +€59,650 | +72.7% |
| Profit (loss) for the period | 9904 | €187,048 | €314,675 | +€127,626 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €187,048 | €314,675 | +€127,626 | +68.2% |
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 12 October 2026 via checked.be.