DOFIN: 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.
DOFIN
Largest movements
- Receivables within one year -€20,208
down €20,208 (-17.2%), from €117,636 to €97,428
of which Trade receivables: -€22,408
- Deferred charges and accrued income +€18,398
new in 2025: €18,398
- Tangible fixed assets -€17,458
down €17,458 (-8.5%), from €206,180 to €188,722
- Cash +€11,751
up €11,751 (+30.9%), from €38,041 to €49,791
mainly Receivables within one year (+€20,208) and Depreciation (+€17,458)
- Reserves -€22,879
down €22,879 (-19.0%), from €120,310 to €97,431
of which Distributable reserves: -€22,879
- Profit (loss) carried forward +€14,049
up €14,049, from -€8,594 to €5,455
- Debts after one year -€7,148
down €7,148 (-26.3%), from €27,225 to €20,077
- Tax, wage and social debts +€5,768
up €5,768 (+135.6%), from €4,253 to €10,021
- Trade debts +€3,971
up €3,971 (+58.6%), from €6,772 to €10,743
- Purchases and services +€185,788
up €185,788 (+234.4%), from €79,264 to €265,051
- Gross operating margin +€5,911
up €5,911 (+28.4%), from €20,778 to €26,689
- Financial income +€4,799
up €4,799 (+10377.3%), from €46 to €4,846
- Other operating charges -€3,256
down €3,256 (-52.3%), from €6,220 to €2,965
- Depreciation -€3,066
down €3,066 (-14.9%), from €20,524 to €17,458
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 | €365,519 | €357,989 | -€7,531 | -2.1% |
| Fixed assets | 21/28 | €206,180 | €188,722 | -€17,458 | -8.5% |
| Tangible fixed assets | 22/27 | €206,180 | €188,722 | -€17,458 | -8.5% |
| Land and buildings | 22 | €175,640 | €168,637 | -€7,003 | -4.0% |
| Plant, machinery and equipment | 23 | €9,447 | €7,394 | -€2,053 | -21.7% |
| Furniture and vehicles | 24 | €21,094 | €12,691 | -€8,403 | -39.8% |
| Current assets | 29/58 | €159,339 | €169,267 | +€9,928 | +6.2% |
| Stocks and contracts in progress | 3 | €3,663 | €3,649 | -€14 | -0.4% |
| Stocks | 30/36 | €3,663 | €3,649 | -€14 | -0.4% |
| Amounts receivable within one year | 40/41 | €117,636 | €97,428 | -€20,208 | -17.2% |
| Trade receivables | 40 | €30,539 | €8,131 | -€22,408 | -73.4% |
| Other amounts receivable | 41 | €87,097 | €89,297 | +€2,200 | +2.5% |
| Cash at bank and in hand | 54/58 | €38,041 | €49,791 | +€11,751 | +30.9% |
| Deferred charges and accrued income | 490/1 | - | €18,398 | +€18,398 | |
| Total equity and liabilities | 10/49 | €365,519 | €357,989 | -€7,531 | -2.1% |
| Equity | 10/15 | €318,830 | €310,000 | -€8,830 | -2.8% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Revaluation surpluses | 12 | €58,378 | €58,378 | = | 0.0% |
| Reserves | 13 | €120,310 | €97,431 | -€22,879 | -19.0% |
| Non-distributable reserves | 130/1 | €14,873 | €14,873 | = | 0.0% |
| Legal reserve | 130 | €14,873 | €14,873 | = | 0.0% |
| Distributable reserves | 133 | €105,437 | €82,557 | -€22,879 | -21.7% |
| Profit (loss) carried forward | 14 | -€8,594 | €5,455 | +€14,049 | |
| Amounts payable | 17/49 | €46,689 | €47,989 | +€1,300 | +2.8% |
| Amounts payable after more than one year | 17 | €27,225 | €20,077 | -€7,148 | -26.3% |
| Financial debts | 170/4 | €27,225 | €20,077 | -€7,148 | -26.3% |
| Amounts payable within one year | 42/48 | €19,464 | €27,912 | +€8,447 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €8,440 | €7,148 | -€1,292 | -15.3% |
| Trade debts | 44 | €6,772 | €10,743 | +€3,971 | +58.6% |
| Suppliers | 440/4 | €6,772 | €10,743 | +€3,971 | +58.6% |
| Taxes, remuneration and social security | 45 | €4,253 | €10,021 | +€5,768 | +135.6% |
| Taxes | 450/3 | €4,253 | €10,021 | +€5,768 | +135.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €79,264 | €265,051 | +€185,788 | +234.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,524 | €17,458 | -€3,066 | -14.9% |
| Other operating charges | 640/8 | €6,220 | €2,965 | -€3,256 | -52.3% |
| Gross operating margin | 9900 | €20,778 | €26,689 | +€5,911 | +28.4% |
| Operating profit (loss) | 9901 | -€5,967 | €6,266 | +€12,232 | |
| Financial income | 75/76B | €46 | €4,846 | +€4,799 | +10377.3% |
| Recurring financial income | 75 | €46 | €4,846 | +€4,799 | +10377.3% |
| Financial charges | 65/66B | €2,175 | €2,245 | +€70 | +3.2% |
| Recurring financial charges | 65 | €2,175 | €2,245 | +€70 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,095 | €8,867 | +€16,962 | |
| Income taxes | 67/77 | €499 | €3,411 | +€2,913 | +584.2% |
| Profit (loss) for the period | 9904 | -€8,594 | €5,455 | +€14,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,594 | €5,455 | +€14,049 |
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 6 October 2026 via checked.be.