DOCKFLOW: 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.
DOCKFLOW
Largest movements
- Cash +€253,479
up €253,479 (+230.6%), from €109,943 to €363,422
mainly Contributions, distributions and other (+€627,719) and Depreciation (+€191,769)
- Intangible fixed assets +€174,374
up €174,374 (+58.2%), from €299,578 to €473,952
- Formation expenses +€48,687
new in 2025: €48,687
- Receivables within one year +€14,111
up €14,111 (+7.4%), from €191,192 to €205,304
of which Trade receivables: +€7,301
- Contributions +€627,719
up €627,719 (+176.4%), from €355,787 to €983,506
- Debts after one year -€123,033
down €123,033 (-85.7%), from €143,493 to €20,460
- Trade debts +€40,480
up €40,480 (+91.3%), from €44,340 to €84,820
- Profit (loss) carried forward -€24,490
down €24,490 (-8.0%), from -€305,480 to -€329,970
- Current portion of long-term debt -€20,319
down €20,319 (-21.8%), from €93,417 to €73,098
- Staff costs +€82,357
up €82,357 (+81.6%), from €100,955 to €183,312
- Depreciation +€38,603
up €38,603 (+25.2%), from €153,165 to €191,769
- Gross operating margin +€15,128
up €15,128 (+4.3%), from €355,087 to €370,215
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 | €604,658 | €1,101,527 | +€496,869 | +82.2% |
| Formation expenses | 20 | - | €48,687 | +€48,687 | |
| Fixed assets | 21/28 | €301,337 | €481,120 | +€179,784 | +59.7% |
| Intangible fixed assets | 21 | €299,578 | €473,952 | +€174,374 | +58.2% |
| Tangible fixed assets | 22/27 | €1,029 | €6,338 | +€5,309 | +516.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,029 | €6,338 | +€5,309 | +516.1% |
| Financial fixed assets | 28 | €730 | €830 | +€100 | +13.7% |
| Current assets | 29/58 | €303,321 | €571,720 | +€268,399 | +88.5% |
| Amounts receivable within one year | 40/41 | €191,192 | €205,304 | +€14,111 | +7.4% |
| Trade receivables | 40 | €191,192 | €198,494 | +€7,301 | +3.8% |
| Other amounts receivable | 41 | €0 | €6,810 | +€6,810 | |
| Cash at bank and in hand | 54/58 | €109,943 | €363,422 | +€253,479 | +230.6% |
| Deferred charges and accrued income | 490/1 | €2,186 | €2,994 | +€808 | +37.0% |
| Total equity and liabilities | 10/49 | €604,658 | €1,101,527 | +€496,869 | +82.2% |
| Equity | 10/15 | €50,474 | €653,703 | +€603,229 | +1195.1% |
| Contributions | 10/11 | €355,787 | €983,506 | +€627,719 | +176.4% |
| Reserves | 13 | €167 | €167 | = | 0.0% |
| Distributable reserves | 133 | €167 | €167 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€305,480 | -€329,970 | -€24,490 | -8.0% |
| Amounts payable | 17/49 | €554,184 | €447,824 | -€106,360 | -19.2% |
| Amounts payable after more than one year | 17 | €143,493 | €20,460 | -€123,033 | -85.7% |
| Financial debts | 170/4 | €143,493 | €20,460 | -€123,033 | -85.7% |
| Amounts payable within one year | 42/48 | €168,742 | €183,702 | +€14,960 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €93,417 | €73,098 | -€20,319 | -21.8% |
| Financial debts | 43 | €2,982 | €5,820 | +€2,838 | +95.2% |
| Credit institutions | 430/8 | €2,982 | €5,820 | +€2,838 | +95.2% |
| Trade debts | 44 | €44,340 | €84,820 | +€40,480 | +91.3% |
| Suppliers | 440/4 | €44,340 | €84,820 | +€40,480 | +91.3% |
| Taxes, remuneration and social security | 45 | €27,297 | €19,963 | -€7,334 | -26.9% |
| Taxes | 450/3 | €15,737 | €89 | -€15,648 | -99.4% |
| Remuneration and social security | 454/9 | €11,560 | €19,874 | +€8,314 | +71.9% |
| Other amounts payable | 47/48 | €705 | - | -€705 | |
| Accrued charges and deferred income | 492/3 | €241,949 | €243,662 | +€1,713 | +0.7% |
| Remuneration, social security and pensions | 62 | €100,955 | €183,312 | +€82,357 | +81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,165 | €191,769 | +€38,603 | +25.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €355,087 | €370,215 | +€15,128 | +4.3% |
| Operating profit (loss) | 9901 | €100,461 | -€5,386 | -€105,847 | |
| Financial income | 75/76B | €292 | €1,679 | +€1,387 | +474.7% |
| Recurring financial income | 75 | €292 | €1,679 | +€1,387 | +474.7% |
| Financial charges | 65/66B | €17,477 | €20,783 | +€3,307 | +18.9% |
| Recurring financial charges | 65 | €17,477 | €20,783 | +€3,307 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €83,277 | -€24,490 | -€107,767 | |
| Profit (loss) for the period | 9904 | €83,277 | -€24,490 | -€107,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,277 | -€24,490 | -€107,767 |
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 5 October 2026 via checked.be.