DEN DOLF: 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.
DEN DOLF
Largest movements
- Stocks and contracts -€1,109
down €1,109 (-57.4%), from €1,933 to €824
- Receivables within one year +€932
up €932, from €0 to €932
- Deferred charges and accrued income +€163
new in 2025: €163
- Profit (loss) carried forward +€15,493
up €15,493 (+30.6%), from -€50,655 to -€35,162
- Other debts -€9,571
down €9,571 (-50.5%), from €18,949 to €9,378
- Tax, wage and social debts -€5,054
down €5,054 (-81.4%), from €6,212 to €1,158
- Accrued charges and deferred income -€1,800
down €1,800 (-80.0%), from €2,250 to €450
- Short-term financial debts +€626
up €626 (+12.5%), from €5,008 to €5,634
- Gross operating margin +€20,761
up €20,761, from -€1,612 to €19,148
- Financial charges +€497
up €497 (+45.7%), from €1,087 to €1,585
- Other operating charges +€480
up €480 (+30.2%), from €1,591 to €2,071
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,933 | €1,919 | -€13 | -0.7% |
| Current assets | 29/58 | €1,933 | €1,919 | -€13 | -0.7% |
| Stocks and contracts in progress | 3 | €1,933 | €824 | -€1,109 | -57.4% |
| Stocks | 30/36 | €1,933 | €824 | -€1,109 | -57.4% |
| Amounts receivable within one year | 40/41 | €0 | €932 | +€932 | |
| Other amounts receivable | 41 | €0 | €932 | +€932 | |
| Deferred charges and accrued income | 490/1 | - | €163 | +€163 | |
| Total equity and liabilities | 10/49 | €1,933 | €1,919 | -€13 | -0.7% |
| Equity | 10/15 | -€32,063 | -€16,570 | +€15,493 | +48.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€50,655 | -€35,162 | +€15,493 | +30.6% |
| Amounts payable | 17/49 | €33,995 | €18,489 | -€15,506 | -45.6% |
| Amounts payable within one year | 42/48 | €31,745 | €18,039 | -€13,706 | -43.2% |
| Financial debts | 43 | €5,008 | €5,634 | +€626 | +12.5% |
| Credit institutions | 430/8 | €5,008 | €5,634 | +€626 | +12.5% |
| Trade debts | 44 | €1,576 | €1,869 | +€294 | +18.6% |
| Suppliers | 440/4 | €1,576 | €1,869 | +€294 | +18.6% |
| Taxes, remuneration and social security | 45 | €6,212 | €1,158 | -€5,054 | -81.4% |
| Taxes | 450/3 | €6,212 | €1,158 | -€5,054 | -81.4% |
| Other amounts payable | 47/48 | €18,949 | €9,378 | -€9,571 | -50.5% |
| Accrued charges and deferred income | 492/3 | €2,250 | €450 | -€1,800 | -80.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€118 | €0 | +€118 | |
| Other operating charges | 640/8 | €1,591 | €2,071 | +€480 | +30.2% |
| Gross operating margin | 9900 | -€1,612 | €19,148 | +€20,761 | |
| Operating profit (loss) | 9901 | -€3,085 | €17,077 | +€20,163 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,087 | €1,585 | +€497 | +45.7% |
| Recurring financial charges | 65 | €1,087 | €1,585 | +€497 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,173 | €15,493 | +€19,665 | |
| Profit (loss) for the period | 9904 | -€4,173 | €15,493 | +€19,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,173 | €15,493 | +€19,665 |
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 4 October 2026 via checked.be.