Dhogalow: 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.
Dhogalow
Largest movements
- Cash +€364,372
up €364,372 (+45.9%), from €793,032 to €1.2m
mainly Receivables within one year (+€261,168) and Net result for the year (+€106,257)
- Receivables within one year -€261,168
down €261,168 (-41.1%), from €635,983 to €374,816
of which Trade receivables: -€271,407
- Tangible fixed assets -€34,554
down €34,554 (-5.1%), from €673,013 to €638,459
of which Furniture and vehicles: -€19,070
- Reserves +€106,257
up €106,257 (+5.4%), from €2.0m to €2.1m
of which Distributable reserves: +€106,257
- Trade debts -€48,461
down €48,461 (-67.1%), from €72,239 to €23,778
- Gross operating margin -€85,463
down €85,463 (-29.9%), from €285,455 to €199,991
- Taxes -€17,791
down €17,791 (-25.3%), from €70,311 to €52,519
- Financial income +€16,306
up €16,306 (+453%), from €3,596 to €19,902
- Depreciation +€12,262
up €12,262 (+31.1%), from €39,388 to €51,650
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 | €2,314,638 | €2,383,289 | +€68,650 | +3.0% |
| Fixed assets | 21/28 | €673,013 | €638,459 | -€34,554 | -5.1% |
| Tangible fixed assets | 22/27 | €673,013 | €638,459 | -€34,554 | -5.1% |
| Land and buildings | 22 | €587,070 | €571,586 | -€15,484 | -2.6% |
| Furniture and vehicles | 24 | €85,943 | €66,874 | -€19,070 | -22.2% |
| Current assets | 29/58 | €1,641,625 | €1,744,830 | +€103,204 | +6.3% |
| Amounts receivable within one year | 40/41 | €635,983 | €374,816 | -€261,168 | -41.1% |
| Trade receivables | 40 | €635,944 | €364,537 | -€271,407 | -42.7% |
| Other amounts receivable | 41 | €39 | €10,279 | +€10,240 | +26,122% |
| Current investments | 50/53 | €212,610 | €212,610 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €793,032 | €1,157,404 | +€364,372 | +45.9% |
| Total equity and liabilities | 10/49 | €2,314,638 | €2,383,289 | +€68,650 | +3.0% |
| Equity | 10/15 | €2,224,310 | €2,330,568 | +€106,257 | +4.8% |
| Contributions | 10/11 | €243,750 | €243,750 | = | 0.0% |
| Reserves | 13 | €1,980,560 | €2,086,818 | +€106,257 | +5.4% |
| Tax-exempt reserves | 132 | €7,685 | €7,685 | = | 0.0% |
| Distributable reserves | 133 | €1,972,876 | €2,079,133 | +€106,257 | +5.4% |
| Amounts payable | 17/49 | €90,328 | €52,721 | -€37,607 | -41.6% |
| Amounts payable within one year | 42/48 | €90,328 | €52,721 | -€37,607 | -41.6% |
| Trade debts | 44 | €72,239 | €23,778 | -€48,461 | -67.1% |
| Suppliers | 440/4 | €72,239 | €23,778 | -€48,461 | -67.1% |
| Taxes, remuneration and social security | 45 | €16,551 | €28,943 | +€12,393 | +74.9% |
| Taxes | 450/3 | €16,551 | €28,943 | +€12,393 | +74.9% |
| Other amounts payable | 47/48 | €1,539 | €0 | -€1,539 | -100% |
| Remuneration, social security and pensions | 62 | €3,000 | €4,563 | +€1,563 | +52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,388 | €51,650 | +€12,262 | +31.1% |
| Other operating charges | 640/8 | €7,230 | €4,793 | -€2,437 | -33.7% |
| Gross operating margin | 9900 | €285,455 | €199,991 | -€85,463 | -29.9% |
| Operating profit (loss) | 9901 | €235,837 | €138,985 | -€96,852 | -41.1% |
| Financial income | 75/76B | €3,596 | €19,902 | +€16,306 | +453% |
| Recurring financial income | 75 | €3,596 | €19,902 | +€16,306 | +453% |
| Financial charges | 65/66B | €396 | €111 | -€286 | -72.0% |
| Recurring financial charges | 65 | €396 | €111 | -€286 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €239,037 | €158,777 | -€80,260 | -33.6% |
| Income taxes | 67/77 | €70,311 | €52,519 | -€17,791 | -25.3% |
| Profit (loss) for the period | 9904 | €168,726 | €106,257 | -€62,469 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €168,726 | €106,257 | -€62,469 | -37.0% |
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 16 October 2026 via checked.be.