ELLEN DAMIAANS: 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.
ELLEN DAMIAANS
Largest movements
- Current investments +€20,000
new in 2025: €20,000
- Cash +€18,287
up €18,287 (+31.9%), from €57,371 to €75,658
mainly Net result for the year (+€22,579) and Receivables within one year (+€9,753)
- Receivables within one year -€9,753
down €9,753 (-42.6%), from €22,876 to €13,123
of which Trade receivables: -€10,006
- Tangible fixed assets -€5,825
down €5,825 (-37.8%), from €15,400 to €9,575
- Deferred charges and accrued income -€4,373
down €4,373 (-72.3%), from €6,050 to €1,677
- Reserves +€22,579
up €22,579 (+25.7%), from €87,753 to €110,332
- Trade debts -€2,919
down €2,919 (-82.8%), from €3,523 to €604
- Other debts -€2,514
down €2,514 (-89.0%), from €2,824 to €310
- Accrued charges and deferred income +€1,365
up €1,365, from €0 to €1,365
- Gross operating margin -€16,302
down €16,302 (-30.2%), from €54,025 to €37,723
- Depreciation -€3,493
down €3,493 (-37.5%), from €9,318 to €5,825
- Taxes -€2,949
down €2,949 (-25.4%), from €11,596 to €8,647
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 | €101,697 | €120,033 | +€18,336 | +18.0% |
| Fixed assets | 21/28 | €15,400 | €9,575 | -€5,825 | -37.8% |
| Tangible fixed assets | 22/27 | €15,400 | €9,575 | -€5,825 | -37.8% |
| Other tangible fixed assets | 26 | €15,400 | €9,575 | -€5,825 | -37.8% |
| Current assets | 29/58 | €86,297 | €110,457 | +€24,161 | +28.0% |
| Amounts receivable within one year | 40/41 | €22,876 | €13,123 | -€9,753 | -42.6% |
| Trade receivables | 40 | €22,876 | €12,869 | -€10,006 | -43.7% |
| Other amounts receivable | 41 | - | €253 | +€253 | |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €57,371 | €75,658 | +€18,287 | +31.9% |
| Deferred charges and accrued income | 490/1 | €6,050 | €1,677 | -€4,373 | -72.3% |
| Total equity and liabilities | 10/49 | €101,697 | €120,033 | +€18,336 | +18.0% |
| Equity | 10/15 | €89,753 | €112,332 | +€22,579 | +25.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €87,753 | €110,332 | +€22,579 | +25.7% |
| Distributable reserves | 133 | €87,753 | €110,332 | +€22,579 | +25.7% |
| Amounts payable | 17/49 | €11,944 | €7,700 | -€4,243 | -35.5% |
| Amounts payable within one year | 42/48 | €11,944 | €6,335 | -€5,608 | -47.0% |
| Financial debts | 43 | - | €76 | +€76 | |
| Credit institutions | 430/8 | - | €76 | +€76 | |
| Trade debts | 44 | €3,523 | €604 | -€2,919 | -82.8% |
| Suppliers | 440/4 | €3,523 | €604 | -€2,919 | -82.8% |
| Taxes, remuneration and social security | 45 | €5,596 | €5,345 | -€252 | -4.5% |
| Taxes | 450/3 | €5,596 | €5,345 | -€252 | -4.5% |
| Other amounts payable | 47/48 | €2,824 | €310 | -€2,514 | -89.0% |
| Accrued charges and deferred income | 492/3 | €0 | €1,365 | +€1,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,318 | €5,825 | -€3,493 | -37.5% |
| Other operating charges | 640/8 | €969 | €462 | -€508 | -52.4% |
| Gross operating margin | 9900 | €54,025 | €37,723 | -€16,302 | -30.2% |
| Operating profit (loss) | 9901 | €43,738 | €31,437 | -€12,301 | -28.1% |
| Financial income | 75/76B | €11 | €0 | -€11 | -98.1% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -98.1% |
| Financial charges | 65/66B | €261 | €211 | -€50 | -19.2% |
| Recurring financial charges | 65 | €261 | €211 | -€50 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €43,488 | €31,226 | -€12,262 | -28.2% |
| Income taxes | 67/77 | €11,596 | €8,647 | -€2,949 | -25.4% |
| Profit (loss) for the period | 9904 | €31,892 | €22,579 | -€9,313 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,892 | €22,579 | -€9,313 | -29.2% |
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 28 October 2026 via checked.be.