DAMASCO: 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.
DAMASCO
Largest movements
- Intangible fixed assets +€27,000
new in 2023: €27,000
- Tangible fixed assets +€26,263
up €26,263 (+324%), from €8,105 to €34,368
of which Leasing and similar rights: +€32,878
- Cash +€7,939
up €7,939 (+118%), from €6,748 to €14,687
mainly Tax, wage and social debts (+€24,612) and Debts after one year (+€20,589)
- Receivables within one year +€2,512
up €2,512 (+141,143%), from €2 to €2,514
- Tax, wage and social debts +€24,612
up €24,612 (+376%), from €6,543 to €31,155
of which Remuneration and social security: +€24,000
- Debts after one year +€20,589
new in 2023: €20,589
- Profit (loss) carried forward +€10,140
up €10,140 (+152%), from €6,682 to €16,822
- Trade debts +€6,341
new in 2023: €6,341
- Current portion of long-term debt +€3,662
new in 2023: €3,662
- Gross operating margin +€14,887
up €14,887 (+190%), from €7,845 to €22,732
- Depreciation +€2,999
up €2,999 (+45.3%), from €6,615 to €9,615
- Financial charges +€1,203
up €1,203 (+1,791%), from €67 to €1,270
- Other operating charges +€1,140
up €1,140 (+201%), from €567 to €1,707
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,855 | €78,569 | +€63,714 | +429% |
| Fixed assets | 21/28 | €8,105 | €61,368 | +€53,263 | +657% |
| Intangible fixed assets | 21 | - | €27,000 | +€27,000 | |
| Tangible fixed assets | 22/27 | €8,105 | €34,368 | +€26,263 | +324% |
| Plant, machinery and equipment | 23 | €8,105 | €1,490 | -€6,615 | -81.6% |
| Leasing and similar rights | 25 | - | €32,878 | +€32,878 | |
| Current assets | 29/58 | €6,750 | €17,201 | +€10,451 | +155% |
| Amounts receivable within one year | 40/41 | €2 | €2,514 | +€2,512 | +141,143% |
| Other amounts receivable | 41 | €2 | €2,514 | +€2,512 | +141,143% |
| Cash at bank and in hand | 54/58 | €6,748 | €14,687 | +€7,939 | +118% |
| Total equity and liabilities | 10/49 | €14,855 | €78,569 | +€63,714 | +429% |
| Equity | 10/15 | €6,682 | €16,823 | +€10,141 | +152% |
| Contributions | 10/11 | - | €1 | +€1 | |
| Profit (loss) carried forward | 14 | €6,682 | €16,822 | +€10,140 | +152% |
| Amounts payable | 17/49 | €8,173 | €61,746 | +€53,573 | +655% |
| Amounts payable after more than one year | 17 | - | €20,589 | +€20,589 | |
| Financial debts | 170/4 | - | €20,589 | +€20,589 | |
| Amounts payable within one year | 42/48 | €8,173 | €41,157 | +€32,984 | +404% |
| Current portion of amounts payable after more than one year | 42 | - | €3,662 | +€3,662 | |
| Trade debts | 44 | - | €6,341 | +€6,341 | |
| Suppliers | 440/4 | - | €6,341 | +€6,341 | |
| Taxes, remuneration and social security | 45 | €6,543 | €31,155 | +€24,612 | +376% |
| Taxes | 450/3 | €6,543 | €7,155 | +€612 | +9.3% |
| Remuneration and social security | 454/9 | - | €24,000 | +€24,000 | |
| Other amounts payable | 47/48 | €1,630 | - | -€1,630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,615 | €9,615 | +€2,999 | +45.3% |
| Other operating charges | 640/8 | €567 | €1,707 | +€1,140 | +201% |
| Gross operating margin | 9900 | €7,845 | €22,732 | +€14,887 | +190% |
| Operating profit (loss) | 9901 | €662 | €11,410 | +€10,748 | +1,622% |
| Financial charges | 65/66B | €67 | €1,270 | +€1,203 | +1,791% |
| Recurring financial charges | 65 | €67 | €1,270 | +€1,203 | +1,791% |
| Profit (loss) for the period before taxes | 9903 | €595 | €10,140 | +€9,545 | +1,603% |
| Profit (loss) for the period | 9904 | €595 | €10,140 | +€9,545 | +1,603% |
| Profit (loss) for the period to be appropriated | 9905 | €595 | €10,140 | +€9,545 | +1,603% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.