Dogex: 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.
Dogex
Largest movements
- Receivables within one year -€50,754
down €50,754 (-13.3%), from €381,634 to €330,880
of which Trade receivables: -€66,580
- Cash -€27,191
no longer reported in 2025 (was €27,191)
mainly Advances received (-€71,622) and Tax, wage and social debts (-€47,387)
- Advances received -€71,622
down €71,622 (-35.8%), from €200,329 to €128,707
- Tax, wage and social debts -€47,387
down €47,387 (-65.9%), from €71,883 to €24,497
of which Taxes: -€42,105
- Profit (loss) carried forward +€29,822
up €29,822 (+61.4%), from €48,603 to €78,425
- Trade debts +€8,346
up €8,346 (+9.9%), from €84,009 to €92,355
- Gross operating margin +€23,426
up €23,426 (+14.2%), from €164,850 to €188,276
- Taxes +€9,593
up €9,593 (+607.5%), from €1,579 to €11,172
- Staff costs -€7,439
down €7,439 (-4.9%), from €151,892 to €144,453
- Financial charges -€2,649
down €2,649 (-67.7%), from €3,913 to €1,265
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 | €408,825 | €330,880 | -€77,945 | -19.1% |
| Current assets | 29/58 | €408,825 | €330,880 | -€77,945 | -19.1% |
| Amounts receivable within one year | 40/41 | €381,634 | €330,880 | -€50,754 | -13.3% |
| Trade receivables | 40 | €329,746 | €263,166 | -€66,580 | -20.2% |
| Other amounts receivable | 41 | €51,887 | €67,713 | +€15,826 | +30.5% |
| Cash at bank and in hand | 54/58 | €27,191 | - | -€27,191 | |
| Total equity and liabilities | 10/49 | €408,825 | €330,880 | -€77,945 | -19.1% |
| Equity | 10/15 | €52,603 | €82,425 | +€29,822 | +56.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,603 | €78,425 | +€29,822 | +61.4% |
| Amounts payable | 17/49 | €356,221 | €248,455 | -€107,767 | -30.3% |
| Amounts payable within one year | 42/48 | €356,221 | €248,455 | -€107,767 | -30.3% |
| Financial debts | 43 | - | €2,896 | +€2,896 | |
| Credit institutions | 430/8 | - | €2,896 | +€2,896 | |
| Trade debts | 44 | €84,009 | €92,355 | +€8,346 | +9.9% |
| Suppliers | 440/4 | €84,009 | €92,355 | +€8,346 | +9.9% |
| Advances received on contracts in progress | 46 | €200,329 | €128,707 | -€71,622 | -35.8% |
| Taxes, remuneration and social security | 45 | €71,883 | €24,497 | -€47,387 | -65.9% |
| Taxes | 450/3 | €54,880 | €12,775 | -€42,105 | -76.7% |
| Remuneration and social security | 454/9 | €17,004 | €11,722 | -€5,282 | -31.1% |
| Remuneration, social security and pensions | 62 | €151,892 | €144,453 | -€7,439 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603 | €25 | -€578 | -95.9% |
| Other operating charges | 640/8 | €2,638 | €1,541 | -€1,097 | -41.6% |
| Gross operating margin | 9900 | €164,850 | €188,276 | +€23,426 | +14.2% |
| Operating profit (loss) | 9901 | €9,717 | €42,257 | +€32,539 | +334.9% |
| Financial income | 75/76B | €35 | €2 | -€33 | -95.6% |
| Recurring financial income | 75 | €35 | €2 | -€33 | -95.6% |
| Financial charges | 65/66B | €3,913 | €1,265 | -€2,649 | -67.7% |
| Recurring financial charges | 65 | €3,913 | €1,265 | -€2,649 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | €5,839 | €40,994 | +€35,155 | +602.1% |
| Income taxes | 67/77 | €1,579 | €11,172 | +€9,593 | +607.5% |
| Profit (loss) for the period | 9904 | €4,260 | €29,822 | +€25,562 | +600.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,260 | €29,822 | +€25,562 | +600.1% |
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 8 October 2026 via checked.be.