Dola-P: 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.
Dola-P
Largest movements
- Stocks and contracts -€441,529
down €441,529 (-34.8%), from €1.3m to €828,489
- Receivables within one year -€212,766
down €212,766 (-59.1%), from €360,068 to €147,302
of which Trade receivables: -€215,054
- Cash -€22,695
down €22,695 (-81.6%), from €27,813 to €5,118
mainly Short-term financial debts (-€793,649) and Tax, wage and social debts (-€125,376)
- Short-term financial debts -€793,649
down €793,649 (-84.6%), from €938,007 to €144,358
of which Other loans: -€793,480
- Other debts +€343,608
up €343,608 (+75.5%), from €455,357 to €798,964
- Tax, wage and social debts -€125,376
down €125,376 (-97.2%), from €128,941 to €3,565
- Trade debts -€121,049
down €121,049 (-96.6%), from €125,277 to €4,228
- Profit (loss) carried forward +€19,433
up €19,433, from -€9,640 to €9,793
- Gross operating margin -€76,057
down €76,057 (-47.9%), from €158,622 to €82,565
- Financial charges +€23,721
up €23,721 (+67.9%), from €34,935 to €58,656
- Taxes +€3,565
new in 2025: €3,565
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 | €1,657,942 | €980,909 | -€677,033 | -40.8% |
| Current assets | 29/58 | €1,657,942 | €980,909 | -€677,033 | -40.8% |
| Stocks and contracts in progress | 3 | €1,270,018 | €828,489 | -€441,529 | -34.8% |
| Stocks | 30/36 | €1,270,018 | €828,489 | -€441,529 | -34.8% |
| Amounts receivable within one year | 40/41 | €360,068 | €147,302 | -€212,766 | -59.1% |
| Trade receivables | 40 | €225,214 | €10,160 | -€215,054 | -95.5% |
| Other amounts receivable | 41 | €134,854 | €137,142 | +€2,288 | +1.7% |
| Cash at bank and in hand | 54/58 | €27,813 | €5,118 | -€22,695 | -81.6% |
| Deferred charges and accrued income | 490/1 | €43 | €0 | -€43 | -100% |
| Total equity and liabilities | 10/49 | €1,657,942 | €980,909 | -€677,033 | -40.8% |
| Equity | 10/15 | €10,361 | €29,793 | +€19,433 | +188% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €0 | = | |
| Distributable reserves | 133 | - | €0 | = | |
| Profit (loss) carried forward | 14 | -€9,640 | €9,793 | +€19,433 | |
| Amounts payable | 17/49 | €1,647,581 | €951,116 | -€696,465 | -42.3% |
| Amounts payable within one year | 42/48 | €1,647,581 | €951,116 | -€696,465 | -42.3% |
| Financial debts | 43 | €938,007 | €144,358 | -€793,649 | -84.6% |
| Credit institutions | 430/8 | €168 | €0 | -€168 | -100% |
| Other loans | 439 | €937,839 | €144,358 | -€793,480 | -84.6% |
| Trade debts | 44 | €125,277 | €4,228 | -€121,049 | -96.6% |
| Suppliers | 440/4 | €125,277 | €4,228 | -€121,049 | -96.6% |
| Taxes, remuneration and social security | 45 | €128,941 | €3,565 | -€125,376 | -97.2% |
| Taxes | 450/3 | €128,941 | €3,565 | -€125,376 | -97.2% |
| Other amounts payable | 47/48 | €455,357 | €798,964 | +€343,608 | +75.5% |
| Other operating charges | 640/8 | €622 | €1,597 | +€975 | +157% |
| Gross operating margin | 9900 | €158,622 | €82,565 | -€76,057 | -47.9% |
| Operating profit (loss) | 9901 | €158,000 | €80,968 | -€77,032 | -48.8% |
| Financial income | 75/76B | €2,084 | €685 | -€1,398 | -67.1% |
| Recurring financial income | 75 | €2,084 | €685 | -€1,398 | -67.1% |
| Financial charges | 65/66B | €34,935 | €58,656 | +€23,721 | +67.9% |
| Recurring financial charges | 65 | €34,935 | €58,656 | +€23,721 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | €125,149 | €22,998 | -€102,151 | -81.6% |
| Income taxes | 67/77 | - | €3,565 | +€3,565 | |
| Profit (loss) for the period | 9904 | €125,149 | €19,433 | -€105,716 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €125,149 | €19,433 | -€105,716 | -84.5% |
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 25 October 2026 via checked.be.