Dogan: 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.
Dogan
Largest movements
- Tangible fixed assets +€35,391
up €35,391 (+665%), from €5,323 to €40,715
of which Furniture and vehicles: +€35,593
- Financial fixed assets -€3,544
down €3,544 (-67.3%), from €5,264 to €1,720
- Cash +€3,464
up €3,464 (+27.3%), from €12,707 to €16,172
mainly Debts after one year (+€25,441) and Other debts (+€10,595)
- Receivables within one year +€1,379
up €1,379 (+32.3%), from €4,267 to €5,646
of which Other amounts receivable: +€3,330
- Debts after one year +€25,441
new in 2025: €25,441
- Profit (loss) carried forward -€14,612
down €14,612 (-309%), from -€4,733 to -€19,345
- Other debts +€10,595
up €10,595 (+73.3%), from €14,462 to €25,057
- Trade debts +€6,893
new in 2025: €6,893
- Tax, wage and social debts +€4,221
up €4,221 (+134%), from €3,159 to €7,380
of which Remuneration and social security: +€3,800
- Depreciation +€7,862
up €7,862 (+421%), from €1,869 to €9,731
- Gross operating margin -€3,608
down €3,608 (-63.0%), from €5,727 to €2,119
- Other operating charges +€2,339
up €2,339 (+124%), from €1,881 to €4,220
- Financial charges +€2,240
up €2,240 (+1,138%), from €197 to €2,437
- Taxes +€342
new in 2025: €342
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.
Derived cash bridge
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 | €27,888 | €64,381 | +€36,493 | +131% |
| Formation expenses | 20 | €327 | €0 | -€327 | -100% |
| Fixed assets | 21/28 | €10,587 | €42,434 | +€31,848 | +301% |
| Tangible fixed assets | 22/27 | €5,323 | €40,715 | +€35,391 | +665% |
| Plant, machinery and equipment | 23 | €1,648 | €1,447 | -€201 | -12.2% |
| Furniture and vehicles | 24 | €3,675 | €39,268 | +€35,593 | +968% |
| Financial fixed assets | 28 | €5,264 | €1,720 | -€3,544 | -67.3% |
| Current assets | 29/58 | €16,974 | €21,947 | +€4,973 | +29.3% |
| Amounts receivable within one year | 40/41 | €4,267 | €5,646 | +€1,379 | +32.3% |
| Trade receivables | 40 | €1,950 | - | -€1,950 | |
| Other amounts receivable | 41 | €2,316 | €5,646 | +€3,330 | +144% |
| Cash at bank and in hand | 54/58 | €12,707 | €16,172 | +€3,464 | +27.3% |
| Deferred charges and accrued income | 490/1 | - | €129 | +€129 | |
| Total equity and liabilities | 10/49 | €27,888 | €64,381 | +€36,493 | +131% |
| Equity | 10/15 | €10,267 | -€4,345 | -€14,612 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,733 | -€19,345 | -€14,612 | -309% |
| Amounts payable | 17/49 | €17,620 | €68,726 | +€51,105 | +290% |
| Amounts payable after more than one year | 17 | - | €25,441 | +€25,441 | |
| Financial debts | 170/4 | - | €25,441 | +€25,441 | |
| Amounts payable within one year | 42/48 | €17,620 | €43,285 | +€25,665 | +146% |
| Current portion of amounts payable after more than one year | 42 | - | €3,955 | +€3,955 | |
| Trade debts | 44 | - | €6,893 | +€6,893 | |
| Suppliers | 440/4 | - | €6,893 | +€6,893 | |
| Taxes, remuneration and social security | 45 | €3,159 | €7,380 | +€4,221 | +134% |
| Taxes | 450/3 | €3,159 | €3,580 | +€421 | +13.3% |
| Remuneration and social security | 454/9 | - | €3,800 | +€3,800 | |
| Other amounts payable | 47/48 | €14,462 | €25,057 | +€10,595 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,869 | €9,731 | +€7,862 | +421% |
| Other operating charges | 640/8 | €1,881 | €4,220 | +€2,339 | +124% |
| Gross operating margin | 9900 | €5,727 | €2,119 | -€3,608 | -63.0% |
| Operating profit (loss) | 9901 | €1,977 | -€11,833 | -€13,809 | |
| Financial charges | 65/66B | €197 | €2,437 | +€2,240 | +1,138% |
| Recurring financial charges | 65 | €197 | €2,437 | +€2,240 | +1,138% |
| Profit (loss) for the period before taxes | 9903 | €1,780 | -€14,270 | -€16,050 | |
| Income taxes | 67/77 | - | €342 | +€342 | |
| Profit (loss) for the period | 9904 | €1,780 | -€14,612 | -€16,392 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,780 | -€14,612 | -€16,392 |
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 18 October 2026 via checked.be.