DOART: 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.
DOART
Largest movements
- Receivables within one year +€37,454
up €37,454 (+61.9%), from €60,510 to €97,964
of which Trade receivables: +€41,182
- Tangible fixed assets +€19,645
up €19,645 (+81.2%), from €24,206 to €43,851
of which Leasing and similar rights: +€38,854
- Cash -€12,960
down €12,960 (-40.6%), from €31,905 to €18,946
mainly Receivables within one year (-€37,454) and Investment in fixed assets (net) (-€29,663)
- Deferred charges and accrued income -€1,802
down €1,802 (-33.6%), from €5,356 to €3,554
- Debts after one year +€31,554
new in 2025: €31,554
- Other debts +€15,250
new in 2025: €15,250
- Accrued charges and deferred income -€15,000
no longer reported in 2025 (was €15,000)
- Reserves +€11,265
up €11,265 (+27.3%), from €41,218 to €52,484
- Trade debts -€8,590
down €8,590 (-35.2%), from €24,381 to €15,792
- Gross operating margin +€12,186
up €12,186 (+22.1%), from €55,182 to €67,367
- Depreciation +€6,214
up €6,214 (+163.3%), from €3,805 to €10,019
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
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 | €125,340 | €167,677 | +€42,337 | +33.8% |
| Fixed assets | 21/28 | €27,568 | €47,213 | +€19,645 | +71.3% |
| Tangible fixed assets | 22/27 | €24,206 | €43,851 | +€19,645 | +81.2% |
| Plant, machinery and equipment | 23 | €2,093 | €1,154 | -€939 | -44.9% |
| Furniture and vehicles | 24 | €22,113 | €3,843 | -€18,270 | -82.6% |
| Leasing and similar rights | 25 | - | €38,854 | +€38,854 | |
| Financial fixed assets | 28 | €3,362 | €3,362 | = | 0.0% |
| Current assets | 29/58 | €97,771 | €120,464 | +€22,692 | +23.2% |
| Amounts receivable within one year | 40/41 | €60,510 | €97,964 | +€37,454 | +61.9% |
| Trade receivables | 40 | €22,258 | €63,439 | +€41,182 | +185.0% |
| Other amounts receivable | 41 | €38,252 | €34,524 | -€3,728 | -9.7% |
| Cash at bank and in hand | 54/58 | €31,905 | €18,946 | -€12,960 | -40.6% |
| Deferred charges and accrued income | 490/1 | €5,356 | €3,554 | -€1,802 | -33.6% |
| Total equity and liabilities | 10/49 | €125,340 | €167,677 | +€42,337 | +33.8% |
| Equity | 10/15 | €51,218 | €62,484 | +€11,265 | +22.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €41,218 | €52,484 | +€11,265 | +27.3% |
| Non-distributable reserves | 130/1 | €41,218 | €52,484 | +€11,265 | +27.3% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €39,218 | €50,484 | +€11,265 | +28.7% |
| Amounts payable | 17/49 | €74,121 | €105,193 | +€31,072 | +41.9% |
| Amounts payable after more than one year | 17 | - | €31,554 | +€31,554 | |
| Financial debts | 170/4 | - | €31,554 | +€31,554 | |
| Amounts payable within one year | 42/48 | €59,121 | €73,639 | +€14,518 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €3,701 | €11,869 | +€8,168 | +220.7% |
| Trade debts | 44 | €24,381 | €15,792 | -€8,590 | -35.2% |
| Suppliers | 440/4 | €24,381 | €15,792 | -€8,590 | -35.2% |
| Taxes, remuneration and social security | 45 | €31,039 | €30,729 | -€310 | -1.0% |
| Taxes | 450/3 | €26,156 | €27,729 | +€1,573 | +6.0% |
| Remuneration and social security | 454/9 | €4,883 | €3,000 | -€1,883 | -38.6% |
| Other amounts payable | 47/48 | - | €15,250 | +€15,250 | |
| Accrued charges and deferred income | 492/3 | €15,000 | - | -€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,805 | €10,019 | +€6,214 | +163.3% |
| Other operating charges | 640/8 | €2,542 | €1,998 | -€544 | -21.4% |
| Non-recurring operating charges | 66A | €667 | €2,883 | +€2,217 | +332.6% |
| Gross operating margin | 9900 | €55,182 | €67,367 | +€12,186 | +22.1% |
| Operating profit (loss) | 9901 | €48,168 | €52,468 | +€4,300 | +8.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -66.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -66.9% |
| Financial charges | 65/66B | €5,652 | €5,685 | +€33 | +0.6% |
| Recurring financial charges | 65 | €5,652 | €5,685 | +€33 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €42,517 | €46,784 | +€4,266 | +10.0% |
| Income taxes | 67/77 | €16,172 | €15,518 | -€653 | -4.0% |
| Profit (loss) for the period | 9904 | €26,346 | €31,265 | +€4,919 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,346 | €31,265 | +€4,919 | +18.7% |
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 8 October 2026 via checked.be.