DAMACO: 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.
DAMACO
Largest movements
- Stocks and contracts +€126,803
up €126,803 (+16.0%), from €791,437 to €918,240
- Cash -€61,542
down €61,542 (-44.7%), from €137,549 to €76,007
mainly Current portion of long-term debt (-€167,537) and Stocks and contracts (-€126,803)
- Intangible fixed assets -€45,061
no longer reported in 2025 (was €45,061)
- Receivables within one year +€38,148
up €38,148 (+10.4%), from €366,342 to €404,490
of which Trade receivables: +€35,810
- Short-term financial debts +€252,945
new in 2025: €252,945
- Current portion of long-term debt -€167,537
down €167,537 (-29.7%), from €563,316 to €395,779
- Profit (loss) carried forward -€30,291
down €30,291, from €16,331 to -€13,960
- Other debts -€26,550
down €26,550 (-42.8%), from €62,087 to €35,537
- Tax, wage and social debts +€16,672
up €16,672 (+41.3%), from €40,394 to €57,066
of which Taxes: +€9,893
- Staff costs +€50,781
up €50,781 (+10.9%), from €464,348 to €515,129
- Gross operating margin -€43,265
down €43,265 (-6.4%), from €674,826 to €631,561
- Financial charges -€20,900
down €20,900 (-20.7%), from €100,908 to €80,008
- Taxes -€9,005
down €9,005 (-78.1%), from €11,525 to €2,520
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 | €1,431,591 | €1,474,992 | +€43,401 | +3.0% |
| Fixed assets | 21/28 | €123,909 | €71,098 | -€52,811 | -42.6% |
| Intangible fixed assets | 21 | €45,061 | - | -€45,061 | |
| Tangible fixed assets | 22/27 | €78,848 | €71,098 | -€7,750 | -9.8% |
| Plant, machinery and equipment | 23 | €70,596 | €59,725 | -€10,871 | -15.4% |
| Furniture and vehicles | 24 | €8,252 | €11,373 | +€3,121 | +37.8% |
| Current assets | 29/58 | €1,307,682 | €1,403,894 | +€96,212 | +7.4% |
| Amounts receivable after more than one year | 29 | €2,593 | €2,593 | = | 0.0% |
| Other amounts receivable | 291 | €2,593 | €2,593 | = | 0.0% |
| Stocks and contracts in progress | 3 | €791,437 | €918,240 | +€126,803 | +16.0% |
| Stocks | 30/36 | €791,437 | €918,240 | +€126,803 | +16.0% |
| Amounts receivable within one year | 40/41 | €366,342 | €404,490 | +€38,148 | +10.4% |
| Trade receivables | 40 | €359,654 | €395,464 | +€35,810 | +10.0% |
| Other amounts receivable | 41 | €6,688 | €9,026 | +€2,338 | +35.0% |
| Cash at bank and in hand | 54/58 | €137,549 | €76,007 | -€61,542 | -44.7% |
| Deferred charges and accrued income | 490/1 | €9,761 | €2,564 | -€7,197 | -73.7% |
| Total equity and liabilities | 10/49 | €1,431,591 | €1,474,992 | +€43,401 | +3.0% |
| Contributions | 10/11 | €260,288 | €260,288 | = | 0.0% |
| Capital | 10 | €260,288 | €260,288 | = | 0.0% |
| Issued capital | 100 | €260,288 | €260,288 | = | 0.0% |
| Reserves | 13 | €15,464 | €15,464 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,540 | €6,540 | = | 0.0% |
| Legal reserve | 130 | €6,540 | €6,540 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,924 | €8,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,331 | -€13,960 | -€30,291 | |
| Amounts payable | 17/49 | €1,139,508 | €1,213,200 | +€73,692 | +6.5% |
| Amounts payable after more than one year | 17 | €296,914 | €288,623 | -€8,291 | -2.8% |
| Financial debts | 170/4 | €296,914 | €288,623 | -€8,291 | -2.8% |
| Amounts payable within one year | 42/48 | €832,143 | €921,934 | +€89,791 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €563,316 | €395,779 | -€167,537 | -29.7% |
| Financial debts | 43 | - | €252,945 | +€252,945 | |
| Credit institutions | 430/8 | - | €252,945 | +€252,945 | |
| Trade debts | 44 | €166,346 | €180,607 | +€14,261 | +8.6% |
| Suppliers | 440/4 | €166,346 | €180,607 | +€14,261 | +8.6% |
| Taxes, remuneration and social security | 45 | €40,394 | €57,066 | +€16,672 | +41.3% |
| Taxes | 450/3 | €7,182 | €17,075 | +€9,893 | +137.7% |
| Remuneration and social security | 454/9 | €33,212 | €39,991 | +€6,779 | +20.4% |
| Other amounts payable | 47/48 | €62,087 | €35,537 | -€26,550 | -42.8% |
| Accrued charges and deferred income | 492/3 | €10,451 | €2,643 | -€7,808 | -74.7% |
| Non-recurring operating income | 76A | €5,433 | €6,448 | +€1,015 | +18.7% |
| Remuneration, social security and pensions | 62 | €464,348 | €515,129 | +€50,781 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,750 | €65,227 | -€3,523 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€500 | - | +€500 | |
| Other operating charges | 640/8 | €991 | €965 | -€26 | -2.6% |
| Non-recurring operating charges | 66A | €12,807 | €400 | -€12,407 | -96.9% |
| Gross operating margin | 9900 | €674,826 | €631,561 | -€43,265 | -6.4% |
| Operating profit (loss) | 9901 | €128,430 | €49,840 | -€78,590 | -61.2% |
| Financial income | 75/76B | €3,458 | €2,397 | -€1,061 | -30.7% |
| Recurring financial income | 75 | €3,458 | €2,397 | -€1,061 | -30.7% |
| Financial charges | 65/66B | €100,908 | €80,008 | -€20,900 | -20.7% |
| Recurring financial charges | 65 | €100,908 | €80,008 | -€20,900 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €30,980 | -€27,771 | -€58,751 | |
| Income taxes | 67/77 | €11,525 | €2,520 | -€9,005 | -78.1% |
| Profit (loss) for the period | 9904 | €19,455 | -€30,291 | -€49,746 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,455 | -€30,291 | -€49,746 |
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 3 October 2026 via checked.be.