DOFRA: 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.
DOFRA
Largest movements
- Tangible fixed assets -€506,680
down €506,680 (-42.3%), from €1.2m to €691,714
of which Land and buildings: -€502,248
- Cash +€427,622
up €427,622 (+628.9%), from €67,993 to €495,614
mainly Investment in fixed assets (net) (+€435,191) and Receivables within one year (+€112,155)
- Receivables within one year -€112,155
down €112,155 (-96.1%), from €116,671 to €4,515
of which Other amounts receivable: -€115,877
- Debts after one year -€215,110
down €215,110 (-6.6%), from €3.3m to €3.1m
- Other debts +€100,592
up €100,592 (+12.3%), from €820,871 to €921,464
- Gross operating margin -€287,082
down €287,082 (-74.7%), from €384,069 to €96,986
- Taxes -€32,410
no longer reported in 2025 (was €32,410)
- Financial charges -€19,193
down €19,193 (-31.9%), from €60,077 to €40,884
- Depreciation -€14,811
down €14,811 (-17.2%), from €86,299 to €71,489
- Other operating charges -€3,865
down €3,865 (-30.3%), from €12,748 to €8,883
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 | €6,115,319 | €5,924,246 | -€191,073 | -3.1% |
| Fixed assets | 21/28 | €5,928,452 | €5,421,773 | -€506,680 | -8.5% |
| Tangible fixed assets | 22/27 | €1,198,394 | €691,714 | -€506,680 | -42.3% |
| Land and buildings | 22 | €1,187,248 | €685,000 | -€502,248 | -42.3% |
| Plant, machinery and equipment | 23 | €11,146 | €6,007 | -€5,139 | -46.1% |
| Furniture and vehicles | 24 | - | €708 | +€708 | |
| Financial fixed assets | 28 | €4,730,058 | €4,730,058 | = | 0.0% |
| Current assets | 29/58 | €186,866 | €502,473 | +€315,607 | +168.9% |
| Amounts receivable within one year | 40/41 | €116,671 | €4,515 | -€112,155 | -96.1% |
| Trade receivables | 40 | - | €3,722 | +€3,722 | |
| Other amounts receivable | 41 | €116,671 | €793 | -€115,877 | -99.3% |
| Cash at bank and in hand | 54/58 | €67,993 | €495,614 | +€427,622 | +628.9% |
| Deferred charges and accrued income | 490/1 | €2,203 | €2,344 | +€141 | +6.4% |
| Total equity and liabilities | 10/49 | €6,115,319 | €5,924,246 | -€191,073 | -3.1% |
| Equity | 10/15 | €1,785,467 | €1,761,199 | -€24,269 | -1.4% |
| Contributions | 10/11 | €1,585,315 | €1,585,315 | = | 0.0% |
| Reserves | 13 | €489,200 | €489,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,550 | €34,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34,550 | €34,550 | = | 0.0% |
| Distributable reserves | 133 | €454,650 | €454,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€289,048 | -€313,317 | -€24,269 | -8.4% |
| Provisions and deferred taxes | 16 | €9,527 | €9,527 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,527 | €9,527 | = | 0.0% |
| Major repairs and maintenance | 162 | €9,527 | €9,527 | = | 0.0% |
| Amounts payable | 17/49 | €4,320,324 | €4,153,520 | -€166,804 | -3.9% |
| Amounts payable after more than one year | 17 | €3,283,328 | €3,068,217 | -€215,110 | -6.6% |
| Financial debts | 170/4 | €3,283,328 | €3,068,217 | -€215,110 | -6.6% |
| Amounts payable within one year | 42/48 | €995,487 | €1,028,933 | +€33,445 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €63,801 | €64,897 | +€1,095 | +1.7% |
| Trade debts | 44 | €63,807 | €41,874 | -€21,934 | -34.4% |
| Suppliers | 440/4 | €63,807 | €41,874 | -€21,934 | -34.4% |
| Taxes, remuneration and social security | 45 | €47,007 | €699 | -€46,308 | -98.5% |
| Taxes | 450/3 | €47,007 | €699 | -€46,308 | -98.5% |
| Other amounts payable | 47/48 | €820,871 | €921,464 | +€100,592 | +12.3% |
| Accrued charges and deferred income | 492/3 | €41,509 | €56,370 | +€14,861 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,299 | €71,489 | -€14,811 | -17.2% |
| Other operating charges | 640/8 | €12,748 | €8,883 | -€3,865 | -30.3% |
| Gross operating margin | 9900 | €384,069 | €96,986 | -€287,082 | -74.7% |
| Operating profit (loss) | 9901 | €285,022 | €16,615 | -€268,407 | -94.2% |
| Financial charges | 65/66B | €60,077 | €40,884 | -€19,193 | -31.9% |
| Recurring financial charges | 65 | €60,077 | €40,884 | -€19,193 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €224,945 | -€24,269 | -€249,214 | |
| Income taxes | 67/77 | €32,410 | - | -€32,410 | |
| Profit (loss) for the period | 9904 | €192,535 | -€24,269 | -€216,804 | |
| Profit (loss) for the period to be appropriated | 9905 | €192,535 | -€24,269 | -€216,804 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.