DOCNOH: 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.
DOCNOH
Largest movements
- Current investments +€78,227
up €78,227 (+32.9%), from €237,624 to €315,851
- Tangible fixed assets -€28,506
down €28,506 (-7.4%), from €386,619 to €358,113
of which Furniture and vehicles: -€17,163
- Receivables within one year -€23,165
down €23,165 (-54.1%), from €42,811 to €19,646
of which Other amounts receivable: -€13,636
- Cash -€19,676
down €19,676 (-52.3%), from €37,589 to €17,913
mainly Current investments (-€78,227) and Contributions, distributions and other (-€69,211)
- Other debts +€54,690
up €54,690 (+3038.3%), from €1,800 to €56,490
- Reserves -€28,090
down €28,090 (-6.7%), from €418,839 to €390,749
- Debts after one year -€16,181
down €16,181 (-9.0%), from €179,416 to €163,235
- Gross operating margin -€34,944
down €34,944 (-27.5%), from €127,000 to €92,056
- Taxes -€9,870
down €9,870 (-38.4%), from €25,730 to €15,860
- Depreciation +€1,289
up €1,289 (+4.1%), from €31,621 to €32,910
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 | €714,730 | €727,750 | +€13,019 | +1.8% |
| Fixed assets | 21/28 | €391,119 | €362,613 | -€28,506 | -7.3% |
| Tangible fixed assets | 22/27 | €386,619 | €358,113 | -€28,506 | -7.4% |
| Land and buildings | 22 | €326,323 | €317,177 | -€9,145 | -2.8% |
| Plant, machinery and equipment | 23 | €26,373 | €26,266 | -€107 | -0.4% |
| Furniture and vehicles | 24 | €25,596 | €8,433 | -€17,163 | -67.1% |
| Other tangible fixed assets | 26 | €8,327 | €6,237 | -€2,091 | -25.1% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €323,612 | €365,137 | +€41,525 | +12.8% |
| Amounts receivable within one year | 40/41 | €42,811 | €19,646 | -€23,165 | -54.1% |
| Trade receivables | 40 | €10,136 | €607 | -€9,529 | -94.0% |
| Other amounts receivable | 41 | €32,675 | €19,039 | -€13,636 | -41.7% |
| Current investments | 50/53 | €237,624 | €315,851 | +€78,227 | +32.9% |
| Cash at bank and in hand | 54/58 | €37,589 | €17,913 | -€19,676 | -52.3% |
| Deferred charges and accrued income | 490/1 | €5,588 | €11,727 | +€6,139 | +109.9% |
| Total equity and liabilities | 10/49 | €714,730 | €727,750 | +€13,019 | +1.8% |
| Equity | 10/15 | €513,757 | €484,001 | -€29,756 | -5.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €418,839 | €390,749 | -€28,090 | -6.7% |
| Distributable reserves | 133 | €418,839 | €390,749 | -€28,090 | -6.7% |
| Profit (loss) carried forward | 14 | €86,858 | €85,192 | -€1,666 | -1.9% |
| Amounts payable | 17/49 | €200,973 | €243,748 | +€42,776 | +21.3% |
| Amounts payable after more than one year | 17 | €179,416 | €163,235 | -€16,181 | -9.0% |
| Financial debts | 170/4 | €179,416 | €163,235 | -€16,181 | -9.0% |
| Amounts payable within one year | 42/48 | €21,557 | €79,416 | +€57,859 | +268.4% |
| Current portion of amounts payable after more than one year | 42 | €18,761 | €18,510 | -€250 | -1.3% |
| Trade debts | 44 | €397 | €4,416 | +€4,018 | +1011.4% |
| Suppliers | 440/4 | €397 | €4,416 | +€4,018 | +1011.4% |
| Taxes, remuneration and social security | 45 | €599 | - | -€599 | |
| Taxes | 450/3 | €599 | - | -€599 | |
| Other amounts payable | 47/48 | €1,800 | €56,490 | +€54,690 | +3038.3% |
| Accrued charges and deferred income | 492/3 | - | €1,097 | +€1,097 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,621 | €32,910 | +€1,289 | +4.1% |
| Other operating charges | 640/8 | €2,247 | €2,318 | +€71 | +3.1% |
| Gross operating margin | 9900 | €127,000 | €92,056 | -€34,944 | -27.5% |
| Operating profit (loss) | 9901 | €93,132 | €56,828 | -€36,303 | -39.0% |
| Financial income | 75/76B | €2,326 | €2,996 | +€671 | +28.8% |
| Recurring financial income | 75 | €2,326 | €2,996 | +€671 | +28.8% |
| Financial charges | 65/66B | €4,764 | €4,510 | -€254 | -5.3% |
| Recurring financial charges | 65 | €4,764 | €4,510 | -€254 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €90,694 | €55,315 | -€35,379 | -39.0% |
| Income taxes | 67/77 | €25,730 | €15,860 | -€9,870 | -38.4% |
| Profit (loss) for the period | 9904 | €64,964 | €39,455 | -€25,509 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,964 | €39,455 | -€25,509 | -39.3% |
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 3 October 2026 via checked.be.