DOLCE & DURO: 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.
What changed
DOLCE & DURO
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€70,027
2024 · €46,065-€116,092
Equity
€2.7m
2024 · €2.8m-€70,029
Cash
€10,492
2024 · €4,816+€5,676
Balance sheet total
€5.6m
2024 · €5.8m-€209,862
Largest movements
Assets
- Receivables within one year -€233,369
down €233,369 (-20.1%), from €1.2m to €928,431
of which Other amounts receivable: -€233,369
- Intangible fixed assets +€90,963
new in 2025: €90,963
- Tangible fixed assets -€70,887
down €70,887 (-3.8%), from €1.9m to €1.8m
of which Land and buildings: -€84,702
Equity and liabilities
- Debts after one year -€273,517
down €273,517 (-15.7%), from €1.7m to €1.5m
- Other debts +€256,046
up €256,046 (+49.1%), from €521,520 to €777,566
- Current portion of long-term debt -€85,782
down €85,782 (-23.9%), from €359,300 to €273,518
Income statement
- Turnover -€380,164
no longer reported in 2025 (was €380,164)
- Services and other goods -€173,862
no longer reported in 2025 (was €173,862)
- Gross operating margin +€154,574
new in 2025: €154,574
- Depreciation +€32,625
up €32,625 (+37.6%), from €86,655 to €119,280
- Taxes -€25,914
down €25,914 (-95.9%), from €27,009 to €1,095
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.
Result 2024
€46,065
Turnover
-€380,164
Other operating income
-€8,023
Goods and materials
+€5,172
Services and other goods
+€173,862
Depreciation
-€32,625
Other operating charges
-€12,095
Other operating items
+€106,545
Financial income
+€34
Financial charges
+€5,289
Taxes
+€25,914
Result 2025
-€70,027
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.
From operations
+€499,377
Investment
-€134,271
Financing
-€359,430
Cash 2024
€4,816
From operations (derived)
+€499,377
Net result for the year
-€70,027
Depreciation
+€119,280
Receivables within one year
+€233,369
Deferred charges and accrued income
-€2,840
Provisions
-€11,935
Trade debts
-€29,218
Tax, wage and social debts
+€4,702
Other debts
+€256,046
Investment (derived)
-€134,271
Investment in fixed assets (net)
-€134,271
Financing
-€359,430
Debts after one year
-€273,517
Current portion of long-term debt
-€85,782
Short-term financial debts
-€129
Contributions, distributions and other
-€2
Cash 2025
€10,492
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,819,471 | €5,609,609 | -€209,862 | -3.6% |
| Fixed assets | 21/28 | €4,652,855 | €4,667,846 | +€14,991 | +0.3% |
| Intangible fixed assets | 21 | - | €90,963 | +€90,963 | |
| Tangible fixed assets | 22/27 | €1,882,742 | €1,811,855 | -€70,887 | -3.8% |
| Land and buildings | 22 | €1,694,647 | €1,609,945 | -€84,702 | -5.0% |
| Furniture and vehicles | 24 | €541 | €14,356 | +€13,815 | +2553.6% |
| Other tangible fixed assets | 26 | €187,554 | €187,554 | -€0 | 0.0% |
| Financial fixed assets | 28 | €2,770,113 | €2,765,028 | -€5,085 | -0.2% |
| Affiliated companies | 280/1 | €2,770,113 | - | -€2.8m | |
| Participating interests | 280 | €2,770,113 | - | -€2.8m | |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Amounts receivable and cash guarantees | 285/8 | €0 | - | = | |
| Current assets | 29/58 | €1,166,616 | €941,763 | -€224,853 | -19.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,161,800 | €928,431 | -€233,369 | -20.1% |
| Trade receivables | 40 | €4,735 | €4,735 | +€0 | 0.0% |
| Other amounts receivable | 41 | €1,157,065 | €923,696 | -€233,369 | -20.2% |
| Cash at bank and in hand | 54/58 | €4,816 | €10,492 | +€5,676 | +117.9% |
| Deferred charges and accrued income | 490/1 | - | €2,840 | +€2,840 | |
| Total equity and liabilities | 10/49 | €5,819,471 | €5,609,609 | -€209,862 | -3.6% |
| Equity | 10/15 | €2,810,989 | €2,740,960 | -€70,029 | -2.5% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Revaluation surpluses | 12 | €141,503 | €141,503 | -€0 | 0.0% |
| Reserves | 13 | €813,313 | €777,505 | -€35,808 | -4.4% |
| Tax-exempt reserves | 132 | €629,081 | €593,273 | -€35,808 | -5.7% |
| Distributable reserves | 133 | €184,232 | €184,232 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €606,173 | €571,952 | -€34,221 | -5.6% |
| Provisions and deferred taxes | 16 | €270,176 | €258,241 | -€11,935 | -4.4% |
| Provisions for liabilities and charges | 160/5 | €61,315 | €61,315 | +€0 | 0.0% |
| Pensions and similar obligations | 160 | €61,315 | €61,315 | +€0 | 0.0% |
| Deferred taxes | 168 | €208,862 | €196,926 | -€11,936 | -5.7% |
| Amounts payable | 17/49 | €2,738,305 | €2,610,408 | -€127,897 | -4.7% |
| Amounts payable after more than one year | 17 | €1,738,546 | €1,465,029 | -€273,517 | -15.7% |
| Financial debts | 170/4 | €1,738,546 | €1,465,029 | -€273,517 | -15.7% |
| Credit institutions | 173 | €1,738,546 | - | -€1.7m | |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €999,759 | €1,145,379 | +€145,620 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €359,300 | €273,518 | -€85,782 | -23.9% |
| Financial debts | 43 | €20,952 | €20,823 | -€129 | -0.6% |
| Credit institutions | 430/8 | €20,952 | €20,823 | -€129 | -0.6% |
| Trade debts | 44 | €95,988 | €66,770 | -€29,218 | -30.4% |
| Suppliers | 440/4 | €95,988 | €66,770 | -€29,218 | -30.4% |
| Taxes, remuneration and social security | 45 | €2,000 | €6,702 | +€4,702 | +235.1% |
| Taxes | 450/3 | €2,000 | €6,702 | +€4,702 | +235.1% |
| Other amounts payable | 47/48 | €521,520 | €777,566 | +€256,046 | +49.1% |
| Operating income | 70/76A | €422,003 | - | -€422,003 | |
| Turnover | 70 | €380,164 | - | -€380,164 | |
| Other operating income | 74 | €8,023 | - | -€8,023 | |
| Non-recurring operating income | 76A | €33,816 | - | -€33,816 | |
| Operating charges | 60/66A | €266,861 | - | -€266,861 | |
| Goods for resale, raw materials and consumables | 60 | €5,172 | - | -€5,172 | |
| Purchases | 600/8 | €5,172 | - | -€5,172 | |
| Services and other goods | 61 | €173,862 | - | -€173,862 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,655 | €119,280 | +€32,625 | +37.6% |
| Other operating charges | 640/8 | €1,172 | €13,267 | +€12,095 | +1031.6% |
| Non-recurring operating charges | 66A | - | €14,213 | +€14,213 | |
| Gross operating margin | 9900 | - | €154,574 | +€154,574 | |
| Operating profit (loss) | 9901 | €155,142 | €7,814 | -€147,328 | -95.0% |
| Financial income | 75/76B | €4 | €38 | +€34 | +836.0% |
| Recurring financial income | 75 | €4 | €38 | +€34 | +836.0% |
| Income from financial fixed assets | 750 | €0 | - | -€0 | |
| Income from current assets | 751 | €4 | - | -€4 | |
| Financial charges | 65/66B | €94,009 | €88,720 | -€5,289 | -5.6% |
| Recurring financial charges | 65 | €94,009 | €88,720 | -€5,289 | -5.6% |
| Debt charges | 650 | €94,009 | - | -€94,009 | |
| Profit (loss) for the period before taxes | 9903 | €61,137 | -€80,868 | -€142,005 | |
| Transfer from deferred taxes | 780 | €11,936 | €11,936 | +€0 | 0.0% |
| Income taxes | 67/77 | €27,009 | €1,095 | -€25,914 | -95.9% |
| Taxes | 670/3 | €27,009 | - | -€27,009 | |
| Profit (loss) for the period | 9904 | €46,065 | -€70,027 | -€116,092 | |
| Transfer from tax-exempt reserves | 789 | €35,808 | €35,806 | -€2 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,873 | -€34,221 | -€116,094 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.