DOGAN GROUP: 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.
DOGAN GROUP
Largest movements
- Receivables within one year -€119,645
down €119,645 (-48.9%), from €244,908 to €125,263
of which Trade receivables: -€134,443
- Tangible fixed assets -€7,039
down €7,039 (-30.4%), from €23,155 to €16,116
of which Furniture and vehicles: -€5,282
- Cash +€3,740
up €3,740 (+20.7%), from €18,049 to €21,789
mainly Receivables within one year (+€119,645) and Depreciation (+€9,425)
- Trade debts -€106,721
down €106,721 (-82.0%), from €130,164 to €23,443
- Other debts -€22,600
no longer reported in 2025 (was €22,600)
- Tax, wage and social debts +€6,144
up €6,144 (+50.4%), from €12,197 to €18,342
- Gross operating margin +€76,734
up €76,734, from -€44,942 to €31,793
- Other operating charges +€7,672
up €7,672 (+677.8%), from €1,132 to €8,804
- Financial charges +€4,656
up €4,656 (+84.4%), from €5,519 to €10,175
- Staff costs -€2,268
no longer reported in 2025 (was €2,268)
- Taxes +€1,988
new in 2025: €1,988
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 | €293,057 | €171,336 | -€121,721 | -41.5% |
| Fixed assets | 21/28 | €29,582 | €22,543 | -€7,039 | -23.8% |
| Tangible fixed assets | 22/27 | €23,155 | €16,116 | -€7,039 | -30.4% |
| Land and buildings | 22 | €7,638 | €6,240 | -€1,399 | -18.3% |
| Plant, machinery and equipment | 23 | €427 | €70 | -€358 | -83.7% |
| Furniture and vehicles | 24 | €15,089 | €9,807 | -€5,282 | -35.0% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Financial fixed assets | 28 | €6,427 | €6,427 | = | 0.0% |
| Current assets | 29/58 | €263,475 | €148,792 | -€114,682 | -43.5% |
| Amounts receivable within one year | 40/41 | €244,908 | €125,263 | -€119,645 | -48.9% |
| Trade receivables | 40 | €180,284 | €45,842 | -€134,443 | -74.6% |
| Other amounts receivable | 41 | €64,624 | €79,422 | +€14,798 | +22.9% |
| Current investments | 50/53 | €518 | €518 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,049 | €21,789 | +€3,740 | +20.7% |
| Deferred charges and accrued income | 490/1 | - | €1,222 | +€1,222 | |
| Total equity and liabilities | 10/49 | €293,057 | €171,336 | -€121,721 | -41.5% |
| Equity | 10/15 | €128,096 | €129,551 | +€1,455 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,496 | €110,951 | +€1,455 | +1.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €107,636 | €109,091 | +€1,455 | +1.4% |
| Amounts payable | 17/49 | €164,962 | €41,785 | -€123,177 | -74.7% |
| Amounts payable within one year | 42/48 | €164,962 | €41,785 | -€123,177 | -74.7% |
| Trade debts | 44 | €130,164 | €23,443 | -€106,721 | -82.0% |
| Suppliers | 440/4 | €130,164 | €23,443 | -€106,721 | -82.0% |
| Taxes, remuneration and social security | 45 | €12,197 | €18,342 | +€6,144 | +50.4% |
| Taxes | 450/3 | €12,197 | €18,342 | +€6,144 | +50.4% |
| Other amounts payable | 47/48 | €22,600 | - | -€22,600 | |
| Remuneration, social security and pensions | 62 | €2,268 | - | -€2,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,157 | €9,425 | +€268 | +2.9% |
| Other operating charges | 640/8 | €1,132 | €8,804 | +€7,672 | +677.8% |
| Gross operating margin | 9900 | -€44,942 | €31,793 | +€76,734 | |
| Operating profit (loss) | 9901 | -€57,499 | €13,563 | +€71,062 | |
| Financial income | 75/76B | €3 | €55 | +€52 | +1521.7% |
| Recurring financial income | 75 | €3 | €55 | +€52 | +1521.7% |
| Financial charges | 65/66B | €5,519 | €10,175 | +€4,656 | +84.4% |
| Recurring financial charges | 65 | €5,519 | €10,175 | +€4,656 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | -€63,015 | €3,443 | +€66,458 | |
| Income taxes | 67/77 | - | €1,988 | +€1,988 | |
| Profit (loss) for the period | 9904 | -€63,015 | €1,455 | +€64,470 | |
| Profit (loss) for the period to be appropriated | 9905 | -€63,015 | €1,455 | +€64,470 |
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 5 October 2026 via checked.be.