DOGMA: 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.
DOGMA
Largest movements
- Cash +€20,100
up €20,100 (+39.8%), from €50,530 to €70,630
mainly Other debts (+€41,291) and Net result for the year (+€25,698)
- Receivables within one year +€15,504
up €15,504 (+38.0%), from €40,846 to €56,350
of which Trade receivables: +€9,841
- Financial fixed assets +€4,700
up €4,700 (+54.0%), from €8,700 to €13,400
- Deferred charges and accrued income -€3,321
down €3,321 (-35.8%), from €9,279 to €5,957
- Other debts +€41,291
new in 2025: €41,291
- Reserves -€21,673
down €21,673 (-52.5%), from €41,291 to €19,618
- Tax, wage and social debts +€14,080
up €14,080 (+21.5%), from €65,517 to €79,597
of which Taxes: +€12,032
- Short-term financial debts -€10,606
down €10,606 (-62.7%), from €16,913 to €6,307
- Trade debts +€7,891
up €7,891 (+9.0%), from €87,738 to €95,629
- Staff costs -€71,709
down €71,709 (-22.0%), from €326,201 to €254,492
- Gross operating margin -€25,463
down €25,463 (-7.0%), from €361,811 to €336,348
- Taxes +€12,519
up €12,519 (+359.9%), from €3,478 to €15,997
- Other operating charges +€11,569
up €11,569 (+141.4%), from €8,180 to €19,749
- Financial charges -€5,899
down €5,899 (-38.2%), from €15,460 to €9,562
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 | €225,345 | €264,152 | +€38,807 | +17.2% |
| Fixed assets | 21/28 | €42,223 | €45,525 | +€3,302 | +7.8% |
| Tangible fixed assets | 22/27 | €33,523 | €32,125 | -€1,398 | -4.2% |
| Plant, machinery and equipment | 23 | €22,083 | €17,583 | -€4,500 | -20.4% |
| Furniture and vehicles | 24 | €11,440 | €7,145 | -€4,295 | -37.5% |
| Leasing and similar rights | 25 | - | €7,397 | +€7,397 | |
| Financial fixed assets | 28 | €8,700 | €13,400 | +€4,700 | +54.0% |
| Current assets | 29/58 | €183,121 | €218,627 | +€35,506 | +19.4% |
| Amounts receivable after more than one year | 29 | €71,164 | €72,182 | +€1,018 | +1.4% |
| Other amounts receivable | 291 | €71,164 | €72,182 | +€1,018 | +1.4% |
| Stocks and contracts in progress | 3 | €11,303 | €13,508 | +€2,205 | +19.5% |
| Stocks | 30/36 | €11,303 | €13,508 | +€2,205 | +19.5% |
| Amounts receivable within one year | 40/41 | €40,846 | €56,350 | +€15,504 | +38.0% |
| Trade receivables | 40 | €16,708 | €26,549 | +€9,841 | +58.9% |
| Other amounts receivable | 41 | €24,138 | €29,801 | +€5,663 | +23.5% |
| Cash at bank and in hand | 54/58 | €50,530 | €70,630 | +€20,100 | +39.8% |
| Deferred charges and accrued income | 490/1 | €9,279 | €5,957 | -€3,321 | -35.8% |
| Total equity and liabilities | 10/49 | €225,345 | €264,152 | +€38,807 | +17.2% |
| Equity | 10/15 | €53,811 | €38,218 | -€15,593 | -29.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,291 | €19,618 | -€21,673 | -52.5% |
| Distributable reserves | 133 | €41,291 | €19,618 | -€21,673 | -52.5% |
| Profit (loss) carried forward | 14 | -€6,080 | - | +€6,080 | |
| Amounts payable | 17/49 | €171,534 | €225,934 | +€54,400 | +31.7% |
| Amounts payable within one year | 42/48 | €171,516 | €222,824 | +€51,308 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €1,348 | - | -€1,348 | |
| Financial debts | 43 | €16,913 | €6,307 | -€10,606 | -62.7% |
| Credit institutions | 430/8 | €16,913 | €6,307 | -€10,606 | -62.7% |
| Trade debts | 44 | €87,738 | €95,629 | +€7,891 | +9.0% |
| Suppliers | 440/4 | €87,738 | €95,629 | +€7,891 | +9.0% |
| Taxes, remuneration and social security | 45 | €65,517 | €79,597 | +€14,080 | +21.5% |
| Taxes | 450/3 | €39,699 | €51,731 | +€12,032 | +30.3% |
| Remuneration and social security | 454/9 | €25,819 | €27,866 | +€2,048 | +7.9% |
| Other amounts payable | 47/48 | - | €41,291 | +€41,291 | |
| Accrued charges and deferred income | 492/3 | €18 | €3,110 | +€3,092 | +17179.7% |
| Remuneration, social security and pensions | 62 | €326,201 | €254,492 | -€71,709 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,527 | €13,390 | +€1,863 | +16.2% |
| Other operating charges | 640/8 | €8,180 | €19,749 | +€11,569 | +141.4% |
| Gross operating margin | 9900 | €361,811 | €336,348 | -€25,463 | -7.0% |
| Operating profit (loss) | 9901 | €15,903 | €48,716 | +€32,813 | +206.3% |
| Financial income | 75/76B | €4,620 | €2,541 | -€2,079 | -45.0% |
| Recurring financial income | 75 | €4,620 | €2,541 | -€2,079 | -45.0% |
| Financial charges | 65/66B | €15,460 | €9,562 | -€5,899 | -38.2% |
| Recurring financial charges | 65 | €15,460 | €9,562 | -€5,899 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €5,063 | €41,696 | +€36,633 | +723.6% |
| Income taxes | 67/77 | €3,478 | €15,997 | +€12,519 | +359.9% |
| Profit (loss) for the period | 9904 | €1,584 | €25,698 | +€24,114 | +1521.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,584 | €25,698 | +€24,114 | +1521.9% |
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.