DR. DAEMS LUC: 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. DAEMS LUC
Largest movements
- Current investments +€915,235
up €915,235 (+39.5%), from €2.3m to €3.2m
- Cash -€431,005
down €431,005 (-53.7%), from €802,472 to €371,466
mainly Current investments (-€915,235) and Tax, wage and social debts (-€13,955)
- Reserves +€449,539
up €449,539 (+14.4%), from €3.1m to €3.6m
- Financial income -€266,559
down €266,559 (-74.4%), from €358,223 to €91,664
- Gross operating margin +€136,046
up €136,046 (+29.3%), from €464,784 to €600,830
- Taxes +€16,813
up €16,813 (+8.9%), from €188,149 to €204,962
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 | €3,210,045 | €3,654,734 | +€444,689 | +13.9% |
| Fixed assets | 21/28 | €21,365 | €14,293 | -€7,072 | -33.1% |
| Tangible fixed assets | 22/27 | €21,313 | €14,241 | -€7,072 | -33.2% |
| Land and buildings | 22 | €4,465 | €3,495 | -€970 | -21.7% |
| Plant, machinery and equipment | 23 | €2,833 | €2,158 | -€675 | -23.8% |
| Furniture and vehicles | 24 | €9,797 | €4,943 | -€4,854 | -49.5% |
| Other tangible fixed assets | 26 | €4,218 | €3,645 | -€573 | -13.6% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €3,188,680 | €3,640,441 | +€451,761 | +14.2% |
| Stocks and contracts in progress | 3 | €3,045 | €1,967 | -€1,078 | -35.4% |
| Stocks | 30/36 | €3,045 | €1,967 | -€1,078 | -35.4% |
| Amounts receivable within one year | 40/41 | €21,685 | €22,758 | +€1,073 | +4.9% |
| Trade receivables | 40 | €30 | €1 | -€29 | -95.2% |
| Other amounts receivable | 41 | €21,655 | €22,756 | +€1,102 | +5.1% |
| Current investments | 50/53 | €2,316,843 | €3,232,079 | +€915,235 | +39.5% |
| Cash at bank and in hand | 54/58 | €802,472 | €371,466 | -€431,005 | -53.7% |
| Deferred charges and accrued income | 490/1 | €44,635 | €12,172 | -€32,463 | -72.7% |
| Total equity and liabilities | 10/49 | €3,210,045 | €3,654,734 | +€444,689 | +13.9% |
| Equity | 10/15 | €3,140,692 | €3,590,231 | +€449,539 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,122,092 | €3,571,631 | +€449,539 | +14.4% |
| Distributable reserves | 133 | €3,122,092 | €3,571,631 | +€449,539 | +14.4% |
| Amounts payable | 17/49 | €69,353 | €64,503 | -€4,849 | -7.0% |
| Amounts payable within one year | 42/48 | €69,353 | €64,503 | -€4,849 | -7.0% |
| Trade debts | 44 | €3,874 | €2,327 | -€1,548 | -39.9% |
| Suppliers | 440/4 | €3,874 | €2,327 | -€1,548 | -39.9% |
| Taxes, remuneration and social security | 45 | €59,904 | €45,949 | -€13,955 | -23.3% |
| Taxes | 450/3 | €59,904 | €45,949 | -€13,955 | -23.3% |
| Other amounts payable | 47/48 | €5,575 | €16,227 | +€10,653 | +191% |
| Non-recurring operating income | 76A | €30,034 | €0 | -€30,034 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,500 | €7,072 | +€572 | +8.8% |
| Other operating charges | 640/8 | €4,556 | €4,958 | +€402 | +8.8% |
| Gross operating margin | 9900 | €464,784 | €600,830 | +€136,046 | +29.3% |
| Operating profit (loss) | 9901 | €453,728 | €588,800 | +€135,072 | +29.8% |
| Financial income | 75/76B | €358,223 | €91,664 | -€266,559 | -74.4% |
| Recurring financial income | 75 | €358,223 | €91,664 | -€266,559 | -74.4% |
| Financial charges | 65/66B | €24,760 | €25,964 | +€1,204 | +4.9% |
| Recurring financial charges | 65 | €24,760 | €25,964 | +€1,204 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €787,191 | €654,501 | -€132,691 | -16.9% |
| Income taxes | 67/77 | €188,149 | €204,962 | +€16,813 | +8.9% |
| Profit (loss) for the period | 9904 | €599,042 | €449,539 | -€149,503 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €599,042 | €449,539 | -€149,503 | -25.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.