DO-DUONG: 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.
DO-DUONG
Largest movements
- Cash -€34,300
down €34,300 (-47.8%), from €71,757 to €37,458
mainly Receivables after one year (-€18,778) and Net result for the year (-€14,899)
- Receivables after one year +€18,778
new in 2025: €18,778
- Tangible fixed assets -€12,257
down €12,257 (-17.7%), from €69,183 to €56,926
of which Furniture and vehicles: -€8,099
- Receivables within one year +€7,069
up €7,069 (+165%), from €4,284 to €11,353
of which Other amounts receivable: +€7,612
- Deferred charges and accrued income -€2,418
down €2,418 (-90.7%), from €2,666 to €248
- Reserves -€14,899
down €14,899 (-12.5%), from €119,402 to €104,502
- Current portion of long-term debt -€6,891
down €6,891 (-54.7%), from €12,594 to €5,703
- Debts after one year -€5,703
down €5,703 (-49.7%), from €11,482 to €5,779
- Tax, wage and social debts +€2,709
up €2,709 (+43.0%), from €6,294 to €9,003
of which Remuneration and social security: +€1,862
- Other debts +€1,977
up €1,977 (+141%), from €1,407 to €3,385
- Staff costs +€12,828
up €12,828 (+29.6%), from €43,362 to €56,189
- Gross operating margin -€6,833
down €6,833 (-10.1%), from €67,805 to €60,972
- Turnover -€6,374
down €6,374 (-3.9%), from €161,548 to €155,174
- Purchases and services +€2,948
up €2,948 (+2.6%), from €112,828 to €115,776
- Depreciation -€1,892
down €1,892 (-13.2%), from €14,303 to €12,411
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 | €152,560 | €129,738 | -€22,822 | -15.0% |
| Fixed assets | 21/28 | €69,580 | €57,323 | -€12,257 | -17.6% |
| Tangible fixed assets | 22/27 | €69,183 | €56,926 | -€12,257 | -17.7% |
| Land and buildings | 22 | €55,563 | €52,157 | -€3,405 | -6.1% |
| Plant, machinery and equipment | 23 | €5,063 | €4,311 | -€752 | -14.9% |
| Furniture and vehicles | 24 | €8,557 | €458 | -€8,099 | -94.6% |
| Financial fixed assets | 28 | €397 | €397 | = | 0.0% |
| Current assets | 29/58 | €82,980 | €72,415 | -€10,565 | -12.7% |
| Amounts receivable after more than one year | 29 | - | €18,778 | +€18,778 | |
| Other amounts receivable | 291 | - | €18,778 | +€18,778 | |
| Stocks and contracts in progress | 3 | €4,272 | €4,578 | +€306 | +7.2% |
| Stocks | 30/36 | €4,272 | €4,578 | +€306 | +7.2% |
| Amounts receivable within one year | 40/41 | €4,284 | €11,353 | +€7,069 | +165% |
| Trade receivables | 40 | €1,959 | €1,417 | -€543 | -27.7% |
| Other amounts receivable | 41 | €2,325 | €9,937 | +€7,612 | +327% |
| Cash at bank and in hand | 54/58 | €71,757 | €37,458 | -€34,300 | -47.8% |
| Deferred charges and accrued income | 490/1 | €2,666 | €248 | -€2,418 | -90.7% |
| Total equity and liabilities | 10/49 | €152,560 | €129,738 | -€22,822 | -15.0% |
| Equity | 10/15 | €119,402 | €104,502 | -€14,899 | -12.5% |
| Reserves | 13 | €119,402 | €104,502 | -€14,899 | -12.5% |
| Distributable reserves | 133 | €119,402 | €104,502 | -€14,899 | -12.5% |
| Amounts payable | 17/49 | €33,158 | €25,235 | -€7,922 | -23.9% |
| Amounts payable after more than one year | 17 | €11,482 | €5,779 | -€5,703 | -49.7% |
| Financial debts | 170/4 | €11,482 | €5,779 | -€5,703 | -49.7% |
| Amounts payable within one year | 42/48 | €21,676 | €19,456 | -€2,219 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €12,594 | €5,703 | -€6,891 | -54.7% |
| Trade debts | 44 | €1,380 | €1,366 | -€15 | -1.1% |
| Suppliers | 440/4 | €1,380 | €1,366 | -€15 | -1.1% |
| Taxes, remuneration and social security | 45 | €6,294 | €9,003 | +€2,709 | +43.0% |
| Taxes | 450/3 | €3,997 | €4,843 | +€846 | +21.2% |
| Remuneration and social security | 454/9 | €2,297 | €4,160 | +€1,862 | +81.1% |
| Other amounts payable | 47/48 | €1,407 | €3,385 | +€1,977 | +141% |
| Turnover | 70 | €161,548 | €155,174 | -€6,374 | -3.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €112,828 | €115,776 | +€2,948 | +2.6% |
| Remuneration, social security and pensions | 62 | €43,362 | €56,189 | +€12,828 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,303 | €12,411 | -€1,892 | -13.2% |
| Other operating charges | 640/8 | €4,811 | €5,572 | +€762 | +15.8% |
| Non-recurring operating charges | 66A | - | €191 | +€191 | |
| Gross operating margin | 9900 | €67,805 | €60,972 | -€6,833 | -10.1% |
| Operating profit (loss) | 9901 | €5,330 | -€13,392 | -€18,722 | |
| Financial income | 75/76B | €284 | €627 | +€343 | +121% |
| Recurring financial income | 75 | €284 | €627 | +€343 | +121% |
| Financial charges | 65/66B | €869 | €430 | -€440 | -50.6% |
| Recurring financial charges | 65 | €869 | €430 | -€440 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €4,744 | -€13,195 | -€17,939 | |
| Income taxes | 67/77 | €2,702 | €1,704 | -€997 | -36.9% |
| Profit (loss) for the period | 9904 | €2,042 | -€14,899 | -€16,942 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,042 | -€14,899 | -€16,942 |
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 30 October 2026 via checked.be.