Dhovano: 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.
Dhovano
Largest movements
- Receivables within one year +€14,340
up €14,340 (+44.5%), from €32,205 to €46,545
of which Trade receivables: +€34,089
- Tangible fixed assets -€11,708
down €11,708 (-17.4%), from €67,133 to €55,425
- Stocks and contracts -€2,553
down €2,553 (-7.3%), from €35,133 to €32,580
- Trade debts +€29,336
up €29,336 (+407%), from €7,205 to €36,541
- Reserves -€16,586
down €16,586 (-24.2%), from €68,465 to €51,879
- Debts after one year -€5,230
down €5,230 (-14.8%), from €35,221 to €29,992
- Current portion of long-term debt -€4,454
down €4,454 (-46.0%), from €9,683 to €5,230
- Tax, wage and social debts -€4,368
down €4,368 (-91.4%), from €4,778 to €410
of which Remuneration and social security: -€2,882
- Gross operating margin +€24,860
up €24,860, from -€2,988 to €21,872
- Taxes +€1,707
up €1,707 (+978%), from €175 to €1,882
- Financial income -€878
down €878 (-79.3%), from €1,106 to €229
- Financial charges -€708
down €708 (-18.9%), from €3,738 to €3,030
- Other operating charges +€599
up €599 (+48.8%), from €1,227 to €1,826
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 | €143,953 | €143,746 | -€206 | -0.1% |
| Fixed assets | 21/28 | €67,133 | €55,425 | -€11,708 | -17.4% |
| Tangible fixed assets | 22/27 | €67,133 | €55,425 | -€11,708 | -17.4% |
| Land and buildings | 22 | €52,007 | €48,396 | -€3,611 | -6.9% |
| Plant, machinery and equipment | 23 | €6,047 | €3,435 | -€2,612 | -43.2% |
| Furniture and vehicles | 24 | €9,079 | €3,594 | -€5,486 | -60.4% |
| Current assets | 29/58 | €76,819 | €88,321 | +€11,502 | +15.0% |
| Stocks and contracts in progress | 3 | €35,133 | €32,580 | -€2,553 | -7.3% |
| Stocks | 30/36 | €35,133 | €32,580 | -€2,553 | -7.3% |
| Amounts receivable within one year | 40/41 | €32,205 | €46,545 | +€14,340 | +44.5% |
| Trade receivables | 40 | €5,611 | €39,700 | +€34,089 | +608% |
| Other amounts receivable | 41 | €26,594 | €6,845 | -€19,749 | -74.3% |
| Cash at bank and in hand | 54/58 | €6,936 | €7,410 | +€474 | +6.8% |
| Deferred charges and accrued income | 490/1 | €2,545 | €1,786 | -€759 | -29.8% |
| Total equity and liabilities | 10/49 | €143,953 | €143,746 | -€206 | -0.1% |
| Equity | 10/15 | €87,065 | €70,479 | -€16,586 | -19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,465 | €51,879 | -€16,586 | -24.2% |
| Distributable reserves | 133 | €68,465 | €51,879 | -€16,586 | -24.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €56,887 | €73,267 | +€16,380 | +28.8% |
| Amounts payable after more than one year | 17 | €35,221 | €29,992 | -€5,230 | -14.8% |
| Financial debts | 170/4 | €35,221 | €29,992 | -€5,230 | -14.8% |
| Amounts payable within one year | 42/48 | €21,666 | €43,276 | +€21,610 | +99.7% |
| Current portion of amounts payable after more than one year | 42 | €9,683 | €5,230 | -€4,454 | -46.0% |
| Trade debts | 44 | €7,205 | €36,541 | +€29,336 | +407% |
| Suppliers | 440/4 | €7,205 | €36,541 | +€29,336 | +407% |
| Taxes, remuneration and social security | 45 | €4,778 | €410 | -€4,368 | -91.4% |
| Taxes | 450/3 | €1,896 | €410 | -€1,486 | -78.4% |
| Remuneration and social security | 454/9 | €2,882 | €0 | -€2,882 | -100% |
| Other amounts payable | 47/48 | - | €1,095 | +€1,095 | |
| Remuneration, social security and pensions | 62 | €236 | €241 | +€5 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,650 | €11,708 | +€58 | +0.5% |
| Other operating charges | 640/8 | €1,227 | €1,826 | +€599 | +48.8% |
| Gross operating margin | 9900 | -€2,988 | €21,872 | +€24,860 | |
| Operating profit (loss) | 9901 | -€16,102 | €8,097 | +€24,199 | |
| Financial income | 75/76B | €1,106 | €229 | -€878 | -79.3% |
| Recurring financial income | 75 | €1,106 | €229 | -€878 | -79.3% |
| Financial charges | 65/66B | €3,738 | €3,030 | -€708 | -18.9% |
| Recurring financial charges | 65 | €3,738 | €3,030 | -€708 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,734 | €5,296 | +€24,029 | |
| Income taxes | 67/77 | €175 | €1,882 | +€1,707 | +978% |
| Profit (loss) for the period | 9904 | -€18,908 | €3,414 | +€22,322 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,908 | €3,414 | +€22,322 |
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 29 October 2026 via checked.be.