Dogs Reward: 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.
Dogs Reward
Largest movements
- Receivables within one year +€90,423
up €90,423 (+42.8%), from €211,035 to €301,458
of which Trade receivables: +€77,665
- Cash -€41,899
down €41,899 (-78.3%), from €53,529 to €11,630
mainly Receivables within one year (-€90,423) and Stocks and contracts (-€41,757)
- Stocks and contracts +€41,757
up €41,757 (+152%), from €27,415 to €69,172
- Tangible fixed assets -€5,680
down €5,680 (-28.1%), from €20,205 to €14,525
- Reserves +€115,927
up €115,927 (+52.4%), from €221,232 to €337,159
- Other debts -€38,247
no longer reported in 2025 (was €38,247)
- Trade debts +€6,921
up €6,921 (+256%), from €2,705 to €9,626
- Gross operating margin -€62,944
down €62,944 (-28.5%), from €220,802 to €157,858
- Taxes -€14,792
down €14,792 (-30.2%), from €48,965 to €34,172
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 | €312,184 | €396,785 | +€84,601 | +27.1% |
| Fixed assets | 21/28 | €20,205 | €14,525 | -€5,680 | -28.1% |
| Tangible fixed assets | 22/27 | €20,205 | €14,525 | -€5,680 | -28.1% |
| Plant, machinery and equipment | 23 | €20,205 | €14,525 | -€5,680 | -28.1% |
| Current assets | 29/58 | €291,979 | €382,260 | +€90,281 | +30.9% |
| Stocks and contracts in progress | 3 | €27,415 | €69,172 | +€41,757 | +152% |
| Stocks | 30/36 | €27,415 | €69,172 | +€41,757 | +152% |
| Amounts receivable within one year | 40/41 | €211,035 | €301,458 | +€90,423 | +42.8% |
| Trade receivables | 40 | €118,753 | €196,418 | +€77,665 | +65.4% |
| Other amounts receivable | 41 | €92,282 | €105,040 | +€12,758 | +13.8% |
| Cash at bank and in hand | 54/58 | €53,529 | €11,630 | -€41,899 | -78.3% |
| Total equity and liabilities | 10/49 | €312,184 | €396,785 | +€84,601 | +27.1% |
| Equity | 10/15 | €271,232 | €387,159 | +€115,927 | +42.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €221,232 | €337,159 | +€115,927 | +52.4% |
| Distributable reserves | 133 | €221,232 | €337,159 | +€115,927 | +52.4% |
| Amounts payable | 17/49 | €40,952 | €9,626 | -€31,326 | -76.5% |
| Amounts payable within one year | 42/48 | €40,952 | €9,626 | -€31,326 | -76.5% |
| Trade debts | 44 | €2,705 | €9,626 | +€6,921 | +256% |
| Suppliers | 440/4 | €2,705 | €9,626 | +€6,921 | +256% |
| Other amounts payable | 47/48 | €38,247 | - | -€38,247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,680 | €5,680 | = | 0.0% |
| Other operating charges | 640/8 | €3,768 | €4,109 | +€341 | +9.0% |
| Gross operating margin | 9900 | €220,802 | €157,858 | -€62,944 | -28.5% |
| Operating profit (loss) | 9901 | €211,355 | €148,069 | -€63,285 | -29.9% |
| Financial income | 75/76B | €623 | €2,101 | +€1,478 | +237% |
| Recurring financial income | 75 | €623 | €2,101 | +€1,478 | +237% |
| Financial charges | 65/66B | - | €71 | +€71 | |
| Recurring financial charges | 65 | - | €71 | +€71 | |
| Profit (loss) for the period before taxes | 9903 | €211,978 | €150,099 | -€61,878 | -29.2% |
| Income taxes | 67/77 | €48,965 | €34,172 | -€14,792 | -30.2% |
| Profit (loss) for the period | 9904 | €163,013 | €115,927 | -€47,086 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €163,013 | €115,927 | -€47,086 | -28.9% |
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 21 October 2026 via checked.be.