DOECO: 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.
What changed
DOECO
NACE 46.494, Wholesale of non-electrical household articles
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€388,813
2023 · -€274,503-€114,311
Equity
€15.2m
2023 · €15.6m-€388,813
Cash
€204,626
2023 · €390,033-€185,407
Balance sheet total
€17.0m
2023 · €17.2m-€234,761
Largest movements
Assets
- Cash -€185,407
down €185,407 (-47.5%), from €390,033 to €204,626
mainly Net result for the year (-€388,813) and Debts after one year (-€155,094)
Equity and liabilities
- Profit (loss) carried forward -€388,813
down €388,813 (-3.4%), from €11.4m to €11.0m
- Other debts +€314,701
up €314,701 (+35.3%), from €890,444 to €1.2m
Income statement
- Turnover -€397,235
down €397,235 (-12.8%), from €3.1m to €2.7m
- Goods and materials -€239,169
down €239,169 (-11.2%), from €2.1m to €1.9m
of which Change in stocks: decrease (increase): -€155,511
- Staff costs -€38,975
down €38,975 (-4.9%), from €795,200 to €756,225
From the 2023 result to the 2024 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.
Result 2023
-€274,503
Turnover
-€397,235
Other operating income
-€201
Goods and materials
+€239,169
Services and other goods
+€20,005
Staff costs
+€38,975
Depreciation
-€942
Write-downs
-€24,851
Other operating charges
+€427
Financial income
+€3,064
Financial charges
+€7,280
Result 2024
-€388,813
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€15,853
Investment
-€14,459
Financing
-€155,094
Cash 2023
€390,033
From operations (derived)
-€15,853
Net result for the year
-€388,813
Depreciation
+€37,091
Stocks and contracts
+€46,162
Receivables within one year
-€16,938
Deferred charges and accrued income
-€2,501
Trade debts
-€1,835
Tax, wage and social debts
-€3,720
Other debts
+€314,701
Investment (derived)
-€14,459
Investment in fixed assets (net)
-€14,459
Financing
-€155,094
Debts after one year
-€155,094
Cash 2024
€204,626
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,203,021 | €16,968,260 | -€234,761 | -1.4% |
| Fixed assets | 21/28 | €11,909,629 | €11,886,997 | -€22,631 | -0.2% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,412,472 | €2,389,840 | -€22,631 | -0.9% |
| Land and buildings | 22 | €2,283,664 | €2,283,664 | = | 0.0% |
| Plant, machinery and equipment | 23 | €27,751 | €27,146 | -€605 | -2.2% |
| Furniture and vehicles | 24 | €101,056 | €79,030 | -€22,026 | -21.8% |
| Financial fixed assets | 28 | €9,497,156 | €9,497,156 | = | 0.0% |
| Affiliated companies | 280/1 | €9,497,094 | €9,497,094 | = | 0.0% |
| Participating interests | 280 | €9,497,094 | €9,497,094 | = | 0.0% |
| Other financial fixed assets | 284/8 | €62 | €62 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €5,293,392 | €5,081,263 | -€212,130 | -4.0% |
| Stocks and contracts in progress | 3 | €470,869 | €424,708 | -€46,162 | -9.8% |
| Stocks | 30/36 | €470,869 | €424,708 | -€46,162 | -9.8% |
| Goods purchased for resale | 34 | €470,869 | €424,708 | -€46,162 | -9.8% |
| Amounts receivable within one year | 40/41 | €276,477 | €293,415 | +€16,938 | +6.1% |
| Trade receivables | 40 | €231,766 | €267,122 | +€35,356 | +15.3% |
| Other amounts receivable | 41 | €44,711 | €26,293 | -€18,418 | -41.2% |
| Current investments | 50/53 | €4,139,681 | €4,139,681 | = | 0.0% |
| Own shares | 50 | €4,139,681 | €4,139,681 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €390,033 | €204,626 | -€185,407 | -47.5% |
| Deferred charges and accrued income | 490/1 | €16,332 | €18,833 | +€2,501 | +15.3% |
| Total equity and liabilities | 10/49 | €17,203,021 | €16,968,260 | -€234,761 | -1.4% |
| Equity | 10/15 | €15,635,021 | €15,246,208 | -€388,813 | -2.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,145,831 | €4,145,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,145,831 | €4,145,831 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Own shares acquired | 1312 | €4,139,681 | €4,139,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,427,690 | €11,038,877 | -€388,813 | -3.4% |
| Amounts payable | 17/49 | €1,568,000 | €1,722,052 | +€154,052 | +9.8% |
| Amounts payable after more than one year | 17 | €342,334 | €187,239 | -€155,094 | -45.3% |
| Financial debts | 170/4 | €342,334 | €187,239 | -€155,094 | -45.3% |
| Credit institutions | 173 | €342,334 | €187,239 | -€155,094 | -45.3% |
| Amounts payable within one year | 42/48 | €1,225,666 | €1,534,813 | +€309,147 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €150,815 | €150,815 | = | 0.0% |
| Trade debts | 44 | €106,853 | €105,019 | -€1,835 | -1.7% |
| Suppliers | 440/4 | €106,853 | €105,019 | -€1,835 | -1.7% |
| Taxes, remuneration and social security | 45 | €77,553 | €73,834 | -€3,720 | -4.8% |
| Remuneration and social security | 454/9 | €77,553 | €73,834 | -€3,720 | -4.8% |
| Other amounts payable | 47/48 | €890,444 | €1,205,146 | +€314,701 | +35.3% |
| Operating income | 70/76A | €3,129,725 | €2,732,288 | -€397,437 | -12.7% |
| Turnover | 70 | €3,110,847 | €2,713,612 | -€397,235 | -12.8% |
| Other operating income | 74 | €18,878 | €18,676 | -€201 | -1.1% |
| Operating charges | 60/66A | €3,333,138 | €3,060,356 | -€272,783 | -8.2% |
| Goods for resale, raw materials and consumables | 60 | €2,127,764 | €1,888,595 | -€239,169 | -11.2% |
| Purchases | 600/8 | €1,969,055 | €1,885,397 | -€83,658 | -4.2% |
| Change in stocks: decrease (increase) | 609 | €158,708 | €3,198 | -€155,511 | -98.0% |
| Services and other goods | 61 | €328,242 | €308,236 | -€20,005 | -6.1% |
| Remuneration, social security and pensions | 62 | €795,200 | €756,225 | -€38,975 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,149 | €37,091 | +€942 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,607 | €49,458 | +€24,851 | +101.0% |
| Other operating charges | 640/8 | €21,178 | €20,751 | -€427 | -2.0% |
| Operating profit (loss) | 9901 | -€203,414 | -€328,068 | -€124,654 | -61.3% |
| Financial income | 75/76B | €20,191 | €23,254 | +€3,064 | +15.2% |
| Recurring financial income | 75 | €20,191 | €23,254 | +€3,064 | +15.2% |
| Income from financial fixed assets | 750 | €810 | €2,304 | +€1,494 | +184.5% |
| Other financial income | 752/9 | €19,381 | €20,951 | +€1,570 | +8.1% |
| Financial charges | 65/66B | €91,280 | €84,000 | -€7,280 | -8.0% |
| Recurring financial charges | 65 | €91,280 | €84,000 | -€7,280 | -8.0% |
| Debt charges | 650 | €45,190 | €45,442 | +€252 | +0.6% |
| Other financial charges | 652/9 | €46,090 | €38,558 | -€7,532 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€274,503 | -€388,813 | -€114,311 | -41.6% |
| Profit (loss) for the period | 9904 | -€274,503 | -€388,813 | -€114,311 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€274,503 | -€388,813 | -€114,311 | -41.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.