DINOROSA PROJECT: 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.
DINOROSA PROJECT
Largest movements
- Tangible fixed assets +€318,423
up €318,423 (+15.9%), from €2.0m to €2.3m
of which Land and buildings: +€318,789
- Cash -€89,655
down €89,655 (-60.6%), from €148,050 to €58,395
mainly Investment in fixed assets (net) (-€462,000) and Net result for the year (-€46,407)
- Debts after one year +€199,512
up €199,512 (+51.5%), from €387,318 to €586,830
of which Financial debts: +€199,512
- Other debts +€50,000
new in 2025: €50,000
- Profit (loss) carried forward -€46,407
down €46,407 (-3.1%), from €1.5m to €1.4m
- Taxes -€31,796
new in 2025: -€31,796
- Depreciation +€25,548
up €25,548 (+21.6%), from €118,029 to €143,577
- Financial charges +€5,275
up €5,275 (+103%), from €5,129 to €10,404
- Gross operating margin +€3,693
up €3,693 (+4.7%), from €78,920 to €82,612
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 | €2,166,501 | €2,380,925 | +€214,424 | +9.9% |
| Fixed assets | 21/28 | €2,004,107 | €2,322,530 | +€318,423 | +15.9% |
| Tangible fixed assets | 22/27 | €2,004,107 | €2,322,530 | +€318,423 | +15.9% |
| Land and buildings | 22 | €2,003,391 | €2,322,181 | +€318,789 | +15.9% |
| Plant, machinery and equipment | 23 | €716 | €349 | -€366 | -51.2% |
| Current assets | 29/58 | €162,394 | €58,395 | -€103,999 | -64.0% |
| Amounts receivable within one year | 40/41 | €14,344 | - | -€14,344 | |
| Other amounts receivable | 41 | €14,344 | - | -€14,344 | |
| Cash at bank and in hand | 54/58 | €148,050 | €58,395 | -€89,655 | -60.6% |
| Total equity and liabilities | 10/49 | €2,166,501 | €2,380,925 | +€214,424 | +9.9% |
| Equity | 10/15 | €1,510,407 | €1,463,999 | -€46,407 | -3.1% |
| Contributions | 10/11 | €13,943 | €13,943 | = | 0.0% |
| Reserves | 13 | €6,969 | €6,969 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,969 | €6,969 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,969 | €6,969 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,489,495 | €1,443,088 | -€46,407 | -3.1% |
| Amounts payable | 17/49 | €656,094 | €916,925 | +€260,831 | +39.8% |
| Amounts payable after more than one year | 17 | €387,318 | €586,830 | +€199,512 | +51.5% |
| Financial debts | 170/4 | €367,318 | €566,830 | +€199,512 | +54.3% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,879 | €95,866 | +€59,987 | +167% |
| Current portion of amounts payable after more than one year | 42 | €31,831 | €45,226 | +€13,395 | +42.1% |
| Trade debts | 44 | €4,048 | €640 | -€3,408 | -84.2% |
| Suppliers | 440/4 | €4,048 | €640 | -€3,408 | -84.2% |
| Other amounts payable | 47/48 | - | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €232,897 | €234,230 | +€1,333 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,029 | €143,577 | +€25,548 | +21.6% |
| Other operating charges | 640/8 | €6,470 | €6,834 | +€364 | +5.6% |
| Non-recurring operating charges | 66A | €63,137 | - | -€63,137 | |
| Gross operating margin | 9900 | €78,920 | €82,612 | +€3,693 | +4.7% |
| Operating profit (loss) | 9901 | -€108,716 | -€67,799 | +€40,917 | +37.6% |
| Financial charges | 65/66B | €5,129 | €10,404 | +€5,275 | +103% |
| Recurring financial charges | 65 | €5,129 | €10,404 | +€5,275 | +103% |
| Profit (loss) for the period before taxes | 9903 | -€113,845 | -€78,203 | +€35,642 | +31.3% |
| Income taxes | 67/77 | - | -€31,796 | -€31,796 | |
| Profit (loss) for the period | 9904 | -€113,845 | -€46,407 | +€67,438 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€113,845 | -€46,407 | +€67,438 | +59.2% |
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 27 October 2026 via checked.be.