DOBBELSTEIN - THISSEN: 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.
DOBBELSTEIN - THISSEN
Largest movements
- Cash +€221,690
up €221,690 (+162%), from €136,450 to €358,140
mainly Net result for the year (+€177,003) and Receivables within one year (+€91,508)
- Receivables within one year -€91,508
down €91,508 (-19.4%), from €472,429 to €380,921
of which Trade receivables: -€73,472
- Tangible fixed assets -€49,077
down €49,077 (-6.2%), from €785,310 to €736,233
of which Land and buildings: -€43,367
- Stocks and contracts +€39,725
up €39,725 (+29.5%), from €134,875 to €174,600
- Debts after one year +€83,333
up €83,333 (+13.1%), from €636,391 to €719,724
of which Other amounts payable: +€131,699
- Gross operating margin +€129,710
up €129,710 (+49.5%), from €261,826 to €391,536
- Taxes +€45,398
up €45,398 (+117%), from €38,898 to €84,297
- Write-downs -€11,818
down €11,818 (-25.7%), from €45,986 to €34,168
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 | €1,537,565 | €1,660,039 | +€122,474 | +8.0% |
| Fixed assets | 21/28 | €785,310 | €736,233 | -€49,077 | -6.2% |
| Tangible fixed assets | 22/27 | €785,310 | €736,233 | -€49,077 | -6.2% |
| Land and buildings | 22 | €732,841 | €689,474 | -€43,367 | -5.9% |
| Furniture and vehicles | 24 | €52,469 | €46,759 | -€5,710 | -10.9% |
| Current assets | 29/58 | €752,255 | €923,806 | +€171,551 | +22.8% |
| Stocks and contracts in progress | 3 | €134,875 | €174,600 | +€39,725 | +29.5% |
| Stocks | 30/36 | €134,875 | €174,600 | +€39,725 | +29.5% |
| Amounts receivable within one year | 40/41 | €472,429 | €380,921 | -€91,508 | -19.4% |
| Trade receivables | 40 | €420,140 | €346,668 | -€73,472 | -17.5% |
| Other amounts receivable | 41 | €52,289 | €34,253 | -€18,036 | -34.5% |
| Cash at bank and in hand | 54/58 | €136,450 | €358,140 | +€221,690 | +162% |
| Deferred charges and accrued income | 490/1 | €8,501 | €10,145 | +€1,643 | +19.3% |
| Total equity and liabilities | 10/49 | €1,537,565 | €1,660,039 | +€122,474 | +8.0% |
| Equity | 10/15 | €823,000 | €832,169 | +€9,169 | +1.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €612,439 | €621,608 | +€9,169 | +1.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,018 | €16,018 | = | 0.0% |
| Distributable reserves | 133 | €590,224 | €599,392 | +€9,169 | +1.6% |
| Profit (loss) carried forward | 14 | €148,588 | €148,588 | = | 0.0% |
| Amounts payable | 17/49 | €714,565 | €827,870 | +€113,305 | +15.9% |
| Amounts payable after more than one year | 17 | €636,391 | €719,724 | +€83,333 | +13.1% |
| Financial debts | 170/4 | €533,263 | €484,897 | -€48,366 | -9.1% |
| Other amounts payable | 178/9 | €103,128 | €234,827 | +€131,699 | +128% |
| Amounts payable within one year | 42/48 | €78,174 | €108,146 | +€29,972 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €45,418 | €48,015 | +€2,598 | +5.7% |
| Trade debts | 44 | €3,702 | €15,416 | +€11,715 | +316% |
| Suppliers | 440/4 | €3,702 | €15,416 | +€11,715 | +316% |
| Taxes, remuneration and social security | 45 | €29,055 | €44,714 | +€15,660 | +53.9% |
| Taxes | 450/3 | €29,055 | €44,714 | +€15,660 | +53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,470 | €62,577 | -€1,893 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,986 | €34,168 | -€11,818 | -25.7% |
| Other operating charges | 640/8 | €4,673 | €4,975 | +€302 | +6.5% |
| Gross operating margin | 9900 | €261,826 | €391,536 | +€129,710 | +49.5% |
| Operating profit (loss) | 9901 | €146,697 | €289,817 | +€143,120 | +97.6% |
| Financial charges | 65/66B | €30,618 | €28,517 | -€2,101 | -6.9% |
| Recurring financial charges | 65 | €30,618 | €28,517 | -€2,101 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €116,079 | €261,300 | +€145,221 | +125% |
| Income taxes | 67/77 | €38,898 | €84,297 | +€45,398 | +117% |
| Profit (loss) for the period | 9904 | €77,181 | €177,003 | +€99,823 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €77,181 | €177,003 | +€99,823 | +129% |
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 1 November 2026 via checked.be.