DOEF: 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.
DOEF
Largest movements
- Tangible fixed assets +€40,781
up €40,781 (+232.2%), from €17,564 to €58,345
- Deferred charges and accrued income -€7,516
down €7,516 (-74.5%), from €10,093 to €2,577
- Receivables within one year -€6,535
down €6,535 (-54.8%), from €11,925 to €5,390
of which Trade receivables: -€4,995
- Cash -€4,542
down €4,542 (-82.3%), from €5,518 to €977
mainly Investment in fixed assets (net) (-€46,145) and Net result for the year (-€13,844)
- Financial fixed assets +€1,181
new in 2025: €1,181
- Debts after one year +€38,562
up €38,562 (+148.3%), from €26,000 to €64,562
- Profit (loss) carried forward -€8,636
new in 2025: -€8,636
- Trade debts -€6,157
down €6,157 (-63.4%), from €9,712 to €3,555
- Reserves -€5,208
down €5,208 (-100.0%), from €5,208 to €0
- Current portion of long-term debt +€3,908
new in 2025: €3,908
- Gross operating margin -€14,205
down €14,205, from €9,839 to -€4,366
- Financial charges +€4,123
up €4,123 (+591.1%), from €698 to €4,821
- Depreciation +€2,028
up €2,028 (+94.2%), from €2,154 to €4,182
- Taxes -€1,575
down €1,575 (-94.1%), from €1,674 to €99
- Other operating charges +€285
up €285 (+269.8%), from €106 to €390
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 | €45,100 | €68,471 | +€23,371 | +51.8% |
| Fixed assets | 21/28 | €17,564 | €59,527 | +€41,963 | +238.9% |
| Tangible fixed assets | 22/27 | €17,564 | €58,345 | +€40,781 | +232.2% |
| Land and buildings | 22 | €17,564 | €58,345 | +€40,781 | +232.2% |
| Financial fixed assets | 28 | - | €1,181 | +€1,181 | |
| Current assets | 29/58 | €27,536 | €8,944 | -€18,592 | -67.5% |
| Amounts receivable within one year | 40/41 | €11,925 | €5,390 | -€6,535 | -54.8% |
| Trade receivables | 40 | €10,043 | €5,048 | -€4,995 | -49.7% |
| Other amounts receivable | 41 | €1,882 | €342 | -€1,540 | -81.8% |
| Cash at bank and in hand | 54/58 | €5,518 | €977 | -€4,542 | -82.3% |
| Deferred charges and accrued income | 490/1 | €10,093 | €2,577 | -€7,516 | -74.5% |
| Total equity and liabilities | 10/49 | €45,100 | €68,471 | +€23,371 | +51.8% |
| Equity | 10/15 | €6,208 | -€7,636 | -€13,844 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €5,208 | €0 | -€5,208 | -100.0% |
| Distributable reserves | 133 | €5,208 | €0 | -€5,208 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€8,636 | -€8,636 | |
| Amounts payable | 17/49 | €38,892 | €76,107 | +€37,215 | +95.7% |
| Amounts payable after more than one year | 17 | €26,000 | €64,562 | +€38,562 | +148.3% |
| Financial debts | 170/4 | €26,000 | €64,562 | +€38,562 | +148.3% |
| Amounts payable within one year | 42/48 | €12,892 | €11,473 | -€1,419 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | - | €3,908 | +€3,908 | |
| Trade debts | 44 | €9,712 | €3,555 | -€6,157 | -63.4% |
| Suppliers | 440/4 | €9,712 | €3,555 | -€6,157 | -63.4% |
| Taxes, remuneration and social security | 45 | €3,180 | €4,009 | +€829 | +26.1% |
| Taxes | 450/3 | €3,180 | €1,809 | -€1,371 | -43.1% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Accrued charges and deferred income | 492/3 | - | €72 | +€72 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,154 | €4,182 | +€2,028 | +94.2% |
| Other operating charges | 640/8 | €106 | €390 | +€285 | +269.8% |
| Gross operating margin | 9900 | €9,839 | -€4,366 | -€14,205 | |
| Operating profit (loss) | 9901 | €7,580 | -€8,938 | -€16,518 | |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €698 | €4,821 | +€4,123 | +591.1% |
| Recurring financial charges | 65 | €698 | €4,821 | +€4,123 | +591.1% |
| Profit (loss) for the period before taxes | 9903 | €6,882 | -€13,745 | -€20,628 | |
| Income taxes | 67/77 | €1,674 | €99 | -€1,575 | -94.1% |
| Profit (loss) for the period | 9904 | €5,208 | -€13,844 | -€19,052 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,208 | -€13,844 | -€19,052 |
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.