DOHO: 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.
DOHO
Largest movements
- Tangible fixed assets -€37,581
down €37,581 (-9.0%), from €415,310 to €377,729
of which Land and buildings: -€35,517
- Receivables within one year +€29,250
up €29,250, from €0 to €29,250
of which Trade receivables: +€29,250
- Cash +€15,463
up €15,463 (+53.1%), from €29,106 to €44,569
mainly Net result for the year (+€59,772) and Depreciation (+€37,581)
- Reserves +€59,772
up €59,772 (+32.9%), from €181,939 to €241,711
of which Distributable reserves: +€59,772
- Debts after one year -€58,466
down €58,466 (-46.8%), from €124,844 to €66,378
- Gross operating margin +€38,059
up €38,059 (+41.2%), from €92,429 to €130,487
- Taxes +€12,483
up €12,483 (+80.9%), from €15,420 to €27,903
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 | €446,156 | €451,548 | +€5,392 | +1.2% |
| Fixed assets | 21/28 | €415,310 | €377,729 | -€37,581 | -9.0% |
| Tangible fixed assets | 22/27 | €415,310 | €377,729 | -€37,581 | -9.0% |
| Land and buildings | 22 | €408,904 | €373,387 | -€35,517 | -8.7% |
| Plant, machinery and equipment | 23 | €6,406 | €4,342 | -€2,064 | -32.2% |
| Current assets | 29/58 | €30,846 | €73,819 | +€42,973 | +139% |
| Amounts receivable within one year | 40/41 | €0 | €29,250 | +€29,250 | |
| Trade receivables | 40 | - | €29,250 | +€29,250 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,106 | €44,569 | +€15,463 | +53.1% |
| Deferred charges and accrued income | 490/1 | €1,740 | €0 | -€1,740 | -100% |
| Total equity and liabilities | 10/49 | €446,156 | €451,548 | +€5,392 | +1.2% |
| Equity | 10/15 | €251,671 | €311,443 | +€59,772 | +23.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €181,939 | €241,711 | +€59,772 | +32.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €175,739 | €235,511 | +€59,772 | +34.0% |
| Profit (loss) carried forward | 14 | €7,732 | €7,732 | = | 0.0% |
| Amounts payable | 17/49 | €194,485 | €140,105 | -€54,380 | -28.0% |
| Amounts payable after more than one year | 17 | €124,844 | €66,378 | -€58,466 | -46.8% |
| Financial debts | 170/4 | €124,844 | €66,378 | -€58,466 | -46.8% |
| Amounts payable within one year | 42/48 | €63,640 | €64,727 | +€1,086 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €57,572 | €58,466 | +€894 | +1.6% |
| Trade debts | 44 | €667 | €365 | -€303 | -45.4% |
| Suppliers | 440/4 | €667 | €365 | -€303 | -45.4% |
| Taxes, remuneration and social security | 45 | €5,400 | €5,896 | +€495 | +9.2% |
| Taxes | 450/3 | €5,400 | €5,896 | +€495 | +9.2% |
| Accrued charges and deferred income | 492/3 | €6,000 | €9,000 | +€3,000 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,563 | €37,581 | +€18 | 0.0% |
| Other operating charges | 640/8 | €2,999 | €2,691 | -€308 | -10.3% |
| Gross operating margin | 9900 | €92,429 | €130,487 | +€38,059 | +41.2% |
| Operating profit (loss) | 9901 | €51,867 | €90,216 | +€38,348 | +73.9% |
| Financial income | 75/76B | €66 | €46 | -€20 | -30.2% |
| Recurring financial income | 75 | €66 | €46 | -€20 | -30.2% |
| Financial charges | 65/66B | €3,470 | €2,587 | -€883 | -25.4% |
| Recurring financial charges | 65 | €3,470 | €2,587 | -€883 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €48,463 | €87,675 | +€39,211 | +80.9% |
| Income taxes | 67/77 | €15,420 | €27,903 | +€12,483 | +80.9% |
| Profit (loss) for the period | 9904 | €33,043 | €59,772 | +€26,729 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,043 | €59,772 | +€26,729 | +80.9% |
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 13 October 2026 via checked.be.