DOAS: 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.
DOAS
Largest movements
- Receivables within one year +€85,570
up €85,570 (+483.9%), from €17,682 to €103,252
of which Trade receivables: +€84,286
- Current investments -€48,589
down €48,589 (-71.5%), from €68,000 to €19,411
- Cash +€38,860
up €38,860 (+123.1%), from €31,563 to €70,423
mainly Net result for the year (+€159,232) and Other debts (+€151,895)
- Deferred charges and accrued income -€20,955
down €20,955 (-90.4%), from €23,168 to €2,213
- Tangible fixed assets -€9,410
down €9,410 (-27.7%), from €33,972 to €24,561
of which Furniture and vehicles: -€12,214
- Other debts +€151,895
up €151,895 (+1086.5%), from €13,980 to €165,875
- Reserves -€106,768
down €106,768 (-99.7%), from €107,123 to €355
- Tax, wage and social debts +€9,810
up €9,810 (+47.6%), from €20,588 to €30,398
- Current portion of long-term debt -€5,113
down €5,113 (-74.3%), from €6,879 to €1,766
- Trade debts -€2,581
down €2,581 (-11.7%), from €22,047 to €19,466
- Gross operating margin +€40,230
up €40,230 (+24.9%), from €161,417 to €201,647
- Financial income +€16,932
up €16,932 (+3455534.7%), from €0 to €16,933
- Taxes +€4,621
up €4,621 (+11.8%), from €39,095 to €43,716
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 | €174,384 | €219,861 | +€45,477 | +26.1% |
| Fixed assets | 21/28 | €33,972 | €24,561 | -€9,410 | -27.7% |
| Tangible fixed assets | 22/27 | €33,972 | €24,561 | -€9,410 | -27.7% |
| Furniture and vehicles | 24 | €33,972 | €21,758 | -€12,214 | -36.0% |
| Other tangible fixed assets | 26 | - | €2,804 | +€2,804 | |
| Current assets | 29/58 | €140,412 | €195,299 | +€54,887 | +39.1% |
| Amounts receivable within one year | 40/41 | €17,682 | €103,252 | +€85,570 | +483.9% |
| Trade receivables | 40 | €17,682 | €101,967 | +€84,286 | +476.7% |
| Other amounts receivable | 41 | - | €1,284 | +€1,284 | |
| Current investments | 50/53 | €68,000 | €19,411 | -€48,589 | -71.5% |
| Cash at bank and in hand | 54/58 | €31,563 | €70,423 | +€38,860 | +123.1% |
| Deferred charges and accrued income | 490/1 | €23,168 | €2,213 | -€20,955 | -90.4% |
| Total equity and liabilities | 10/49 | €174,384 | €219,861 | +€45,477 | +26.1% |
| Equity | 10/15 | €109,123 | €2,355 | -€106,768 | -97.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €107,123 | €355 | -€106,768 | -99.7% |
| Distributable reserves | 133 | €107,123 | €355 | -€106,768 | -99.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,261 | €217,505 | +€152,244 | +233.3% |
| Amounts payable after more than one year | 17 | €1,766 | €0 | -€1,766 | -100.0% |
| Financial debts | 170/4 | €1,766 | €0 | -€1,766 | -100.0% |
| Amounts payable within one year | 42/48 | €63,494 | €217,505 | +€154,011 | +242.6% |
| Current portion of amounts payable after more than one year | 42 | €6,879 | €1,766 | -€5,113 | -74.3% |
| Trade debts | 44 | €22,047 | €19,466 | -€2,581 | -11.7% |
| Suppliers | 440/4 | €22,047 | €19,466 | -€2,581 | -11.7% |
| Taxes, remuneration and social security | 45 | €20,588 | €30,398 | +€9,810 | +47.6% |
| Taxes | 450/3 | €20,588 | €30,398 | +€9,810 | +47.6% |
| Other amounts payable | 47/48 | €13,980 | €165,875 | +€151,895 | +1086.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,950 | €12,600 | -€350 | -2.7% |
| Other operating charges | 640/8 | €1,423 | €771 | -€652 | -45.8% |
| Gross operating margin | 9900 | €161,417 | €201,647 | +€40,230 | +24.9% |
| Operating profit (loss) | 9901 | €147,044 | €188,276 | +€41,232 | +28.0% |
| Financial income | 75/76B | €0 | €16,933 | +€16,932 | +3455534.7% |
| Recurring financial income | 75 | €0 | €16,933 | +€16,932 | +3455534.7% |
| Financial charges | 65/66B | €970 | €2,261 | +€1,291 | +133.1% |
| Recurring financial charges | 65 | €970 | €2,261 | +€1,291 | +133.1% |
| Profit (loss) for the period before taxes | 9903 | €146,075 | €202,948 | +€56,873 | +38.9% |
| Income taxes | 67/77 | €39,095 | €43,716 | +€4,621 | +11.8% |
| Profit (loss) for the period | 9904 | €106,980 | €159,232 | +€52,252 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €106,980 | €159,232 | +€52,252 | +48.8% |
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 11 October 2026 via checked.be.