DOHERTY: 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.
DOHERTY
Largest movements
- Stocks and contracts -€1.0m
down €1.0m (-46.9%), from €2.2m to €1.2m
- Cash +€766,496
up €766,496 (+285.3%), from €268,630 to €1.0m
mainly Stocks and contracts (+€1.0m) and Net result for the year (+€485,768)
- Tangible fixed assets +€34,688
up €34,688 (+26.7%), from €129,733 to €164,420
of which Furniture and vehicles: +€50,456
- Other debts -€747,996
no longer reported in 2025 (was €747,996)
- Reserves +€485,000
up €485,000 (+42.5%), from €1.1m to €1.6m
- Tax, wage and social debts +€36,413
up €36,413 (+32.4%), from €112,499 to €148,912
- Turnover +€1.9m
up €1.9m (+361.0%), from €526,258 to €2.4m
- Purchases and services +€1.2m
up €1.2m (+320.0%), from €374,718 to €1.6m
- Gross operating margin +€700,802
up €700,802 (+462.5%), from €151,540 to €852,342
- Taxes +€228,940
up €228,940 (+2467.4%), from €9,279 to €238,218
- Other operating charges +€26,978
up €26,978 (+597.2%), from €4,517 to €31,495
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 | €2,635,155 | €2,390,470 | -€244,685 | -9.3% |
| Fixed assets | 21/28 | €129,733 | €164,420 | +€34,688 | +26.7% |
| Tangible fixed assets | 22/27 | €129,733 | €164,420 | +€34,688 | +26.7% |
| Plant, machinery and equipment | 23 | €62,597 | €46,829 | -€15,768 | -25.2% |
| Furniture and vehicles | 24 | €67,135 | €117,591 | +€50,456 | +75.2% |
| Current assets | 29/58 | €2,505,422 | €2,226,050 | -€279,373 | -11.2% |
| Stocks and contracts in progress | 3 | €2,223,430 | €1,179,708 | -€1.0m | -46.9% |
| Stocks | 30/36 | €2,223,430 | €1,179,708 | -€1.0m | -46.9% |
| Amounts receivable within one year | 40/41 | €13,362 | €11,215 | -€2,147 | -16.1% |
| Trade receivables | 40 | €12,620 | €3,219 | -€9,401 | -74.5% |
| Other amounts receivable | 41 | €742 | €7,996 | +€7,254 | +977.9% |
| Cash at bank and in hand | 54/58 | €268,630 | €1,035,127 | +€766,496 | +285.3% |
| Total equity and liabilities | 10/49 | €2,635,155 | €2,390,470 | -€244,685 | -9.3% |
| Equity | 10/15 | €1,754,569 | €2,240,337 | +€485,768 | +27.7% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €1,142,000 | €1,627,000 | +€485,000 | +42.5% |
| Distributable reserves | 133 | €1,142,000 | €1,627,000 | +€485,000 | +42.5% |
| Profit (loss) carried forward | 14 | €598,309 | €599,077 | +€768 | +0.1% |
| Provisions and deferred taxes | 16 | €1,000 | €1,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,000 | €1,000 | = | 0.0% |
| Environmental obligations | 163 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €879,586 | €149,133 | -€730,453 | -83.0% |
| Amounts payable within one year | 42/48 | €879,586 | €149,133 | -€730,453 | -83.0% |
| Trade debts | 44 | €19,090 | €221 | -€18,869 | -98.8% |
| Suppliers | 440/4 | €19,090 | €221 | -€18,869 | -98.8% |
| Taxes, remuneration and social security | 45 | €112,499 | €148,912 | +€36,413 | +32.4% |
| Taxes | 450/3 | €112,499 | €148,912 | +€36,413 | +32.4% |
| Other amounts payable | 47/48 | €747,996 | - | -€747,996 | |
| Turnover | 70 | €526,258 | €2,426,027 | +€1.9m | +361.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €374,718 | €1,573,685 | +€1.2m | +320.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,139 | €55,750 | -€18,388 | -24.8% |
| Other operating charges | 640/8 | €4,517 | €31,495 | +€26,978 | +597.2% |
| Non-recurring operating charges | 66A | €119 | €45 | -€74 | -62.2% |
| Gross operating margin | 9900 | €151,540 | €852,342 | +€700,802 | +462.5% |
| Operating profit (loss) | 9901 | €72,765 | €765,052 | +€692,287 | +951.4% |
| Financial income | 75/76B | €17 | €47 | +€30 | +169.4% |
| Recurring financial income | 75 | €17 | €47 | +€30 | +169.4% |
| Financial charges | 65/66B | €47,807 | €41,113 | -€6,694 | -14.0% |
| Recurring financial charges | 65 | €47,807 | €25,939 | -€21,868 | -45.7% |
| Non-recurring financial charges | 66B | - | €15,174 | +€15,174 | |
| Profit (loss) for the period before taxes | 9903 | €24,976 | €723,986 | +€699,010 | +2798.8% |
| Income taxes | 67/77 | €9,279 | €238,218 | +€228,940 | +2467.4% |
| Profit (loss) for the period | 9904 | €15,697 | €485,768 | +€470,071 | +2994.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,697 | €485,768 | +€470,071 | +2994.6% |
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.