DOFLENO: 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.
DOFLENO
Largest movements
- Receivables within one year +€374,792
up €374,792 (+285.4%), from €131,328 to €506,120
of which Other amounts receivable: +€458,661
- Cash +€266,627
up €266,627 (+173.8%), from €153,450 to €420,078
mainly Net result for the year (+€649,529) and Other debts (+€320,845)
- Stocks and contracts -€150,200
down €150,200 (-58.0%), from €258,788 to €108,589
- Current investments +€20,008
up €20,008 (+4.3%), from €460,393 to €480,401
- Other debts +€320,845
up €320,845 (+545.1%), from €58,865 to €379,710
- Reserves +€197,302
up €197,302 (+17.0%), from €1.2m to €1.4m
of which Distributable reserves: +€197,302
- Gross operating margin +€471,738
up €471,738 (+74.8%), from €630,616 to €1.1m
- Financial charges +€150,739
up €150,739 (+2735.4%), from €5,511 to €156,250
of which Non-recurring financial charges: +€150,200
- Staff costs +€23,433
up €23,433 (+36.2%), from €64,679 to €88,111
- Depreciation +€21,266
up €21,266 (+31.3%), from €67,933 to €89,198
- Taxes -€17,056
down €17,056 (-11.8%), from €144,174 to €127,118
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 | €1,409,389 | €1,913,909 | +€504,520 | +35.8% |
| Fixed assets | 21/28 | €314,865 | €312,426 | -€2,439 | -0.8% |
| Tangible fixed assets | 22/27 | €314,865 | €312,426 | -€2,439 | -0.8% |
| Land and buildings | 22 | €93,951 | €77,083 | -€16,868 | -18.0% |
| Plant, machinery and equipment | 23 | €18,608 | €18,586 | -€22 | -0.1% |
| Furniture and vehicles | 24 | €121,528 | €157,009 | +€35,481 | +29.2% |
| Leasing and similar rights | 25 | €80,778 | €59,748 | -€21,030 | -26.0% |
| Current assets | 29/58 | €1,094,524 | €1,601,483 | +€506,959 | +46.3% |
| Amounts receivable after more than one year | 29 | €90,564 | €77,906 | -€12,658 | -14.0% |
| Other amounts receivable | 291 | €90,564 | €77,906 | -€12,658 | -14.0% |
| Stocks and contracts in progress | 3 | €258,788 | €108,589 | -€150,200 | -58.0% |
| Stocks | 30/36 | €258,788 | €108,589 | -€150,200 | -58.0% |
| Amounts receivable within one year | 40/41 | €131,328 | €506,120 | +€374,792 | +285.4% |
| Trade receivables | 40 | €113,670 | €29,800 | -€83,869 | -73.8% |
| Other amounts receivable | 41 | €17,658 | €476,319 | +€458,661 | +2597.4% |
| Current investments | 50/53 | €460,393 | €480,401 | +€20,008 | +4.3% |
| Cash at bank and in hand | 54/58 | €153,450 | €420,078 | +€266,627 | +173.8% |
| Deferred charges and accrued income | 490/1 | - | €8,390 | +€8,390 | |
| Total equity and liabilities | 10/49 | €1,409,389 | €1,913,909 | +€504,520 | +35.8% |
| Equity | 10/15 | €1,179,846 | €1,377,148 | +€197,302 | +16.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,161,246 | €1,358,548 | +€197,302 | +17.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €294,700 | €294,700 | = | 0.0% |
| Distributable reserves | 133 | €864,686 | €1,061,988 | +€197,302 | +22.8% |
| Amounts payable | 17/49 | €229,542 | €536,761 | +€307,218 | +133.8% |
| Amounts payable after more than one year | 17 | €50,929 | €45,906 | -€5,023 | -9.9% |
| Financial debts | 170/4 | €36,350 | €45,906 | +€9,556 | +26.3% |
| Trade debts | 175 | €14,579 | - | -€14,579 | |
| Amounts payable within one year | 42/48 | €178,614 | €490,855 | +€312,241 | +174.8% |
| Current portion of amounts payable after more than one year | 42 | €50,415 | €45,458 | -€4,957 | -9.8% |
| Trade debts | 44 | €44,372 | €25,628 | -€18,744 | -42.2% |
| Suppliers | 440/4 | €44,372 | €25,628 | -€18,744 | -42.2% |
| Taxes, remuneration and social security | 45 | €24,962 | €40,059 | +€15,097 | +60.5% |
| Taxes | 450/3 | €18,137 | €40,059 | +€21,922 | +120.9% |
| Remuneration and social security | 454/9 | €6,825 | - | -€6,825 | |
| Other amounts payable | 47/48 | €58,865 | €379,710 | +€320,845 | +545.1% |
| Remuneration, social security and pensions | 62 | €64,679 | €88,111 | +€23,433 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,933 | €89,198 | +€21,266 | +31.3% |
| Other operating charges | 640/8 | €1,919 | €3,144 | +€1,225 | +63.8% |
| Gross operating margin | 9900 | €630,616 | €1,102,353 | +€471,738 | +74.8% |
| Operating profit (loss) | 9901 | €496,085 | €921,899 | +€425,814 | +85.8% |
| Financial income | 75/76B | €3,811 | €10,997 | +€7,186 | +188.6% |
| Recurring financial income | 75 | €3,811 | €10,997 | +€7,186 | +188.6% |
| Financial charges | 65/66B | €5,511 | €156,250 | +€150,739 | +2735.4% |
| Recurring financial charges | 65 | €5,511 | €6,050 | +€539 | +9.8% |
| Non-recurring financial charges | 66B | - | €150,200 | +€150,200 | |
| Profit (loss) for the period before taxes | 9903 | €494,385 | €776,647 | +€282,262 | +57.1% |
| Income taxes | 67/77 | €144,174 | €127,118 | -€17,056 | -11.8% |
| Profit (loss) for the period | 9904 | €350,211 | €649,529 | +€299,318 | +85.5% |
| Transfer to tax-exempt reserves | 689 | €126,300 | - | -€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €223,911 | €649,529 | +€425,618 | +190.1% |
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 10 October 2026 via checked.be.