DOLCE FAR NIENTE: 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.
DOLCE FAR NIENTE
Largest movements
- Receivables within one year -€55,876
down €55,876 (-91.6%), from €60,970 to €5,094
of which Other amounts receivable: -€53,987
- Tangible fixed assets -€39,067
down €39,067 (-6.2%), from €632,692 to €593,625
of which Other tangible fixed assets: -€55,086
- Debts after one year -€49,940
down €49,940 (-11.4%), from €439,214 to €389,274
- Advances received -€23,685
no longer reported in 2025 (was €23,685)
- Profit (loss) carried forward -€18,068
new in 2025: -€18,068
- Gross operating margin -€165,943
down €165,943 (-60.4%), from €274,685 to €108,742
- Depreciation -€57,171
down €57,171 (-33.6%), from €170,043 to €112,872
- Taxes -€21,576
down €21,576 (-99.0%), from €21,795 to €218
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 | €730,738 | €636,320 | -€94,418 | -12.9% |
| Fixed assets | 21/28 | €632,942 | €593,875 | -€39,067 | -6.2% |
| Tangible fixed assets | 22/27 | €632,692 | €593,625 | -€39,067 | -6.2% |
| Plant, machinery and equipment | 23 | €7,091 | €4,110 | -€2,981 | -42.0% |
| Furniture and vehicles | 24 | €473,797 | €492,797 | +€19,000 | +4.0% |
| Other tangible fixed assets | 26 | €151,804 | €96,718 | -€55,086 | -36.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €97,796 | €42,445 | -€55,351 | -56.6% |
| Stocks and contracts in progress | 3 | €5,120 | - | -€5,120 | |
| Stocks | 30/36 | €5,120 | - | -€5,120 | |
| Amounts receivable within one year | 40/41 | €60,970 | €5,094 | -€55,876 | -91.6% |
| Trade receivables | 40 | €2,555 | €665 | -€1,890 | -74.0% |
| Other amounts receivable | 41 | €58,415 | €4,429 | -€53,987 | -92.4% |
| Cash at bank and in hand | 54/58 | €31,466 | €35,877 | +€4,411 | +14.0% |
| Deferred charges and accrued income | 490/1 | €241 | €1,474 | +€1,233 | +513% |
| Total equity and liabilities | 10/49 | €730,738 | €636,320 | -€94,418 | -12.9% |
| Equity | 10/15 | €169,379 | €151,311 | -€18,068 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €150,779 | €150,779 | = | 0.0% |
| Distributable reserves | 133 | €150,779 | €150,779 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,068 | -€18,068 | |
| Amounts payable | 17/49 | €561,359 | €485,009 | -€76,350 | -13.6% |
| Amounts payable after more than one year | 17 | €439,214 | €389,274 | -€49,940 | -11.4% |
| Financial debts | 170/4 | €439,214 | €389,274 | -€49,940 | -11.4% |
| Amounts payable within one year | 42/48 | €121,758 | €95,736 | -€26,023 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €77,731 | €79,940 | +€2,209 | +2.8% |
| Trade debts | 44 | €8,865 | €1,843 | -€7,022 | -79.2% |
| Suppliers | 440/4 | €8,865 | €1,843 | -€7,022 | -79.2% |
| Advances received on contracts in progress | 46 | €23,685 | - | -€23,685 | |
| Taxes, remuneration and social security | 45 | - | €6,384 | +€6,384 | |
| Taxes | 450/3 | - | €6,384 | +€6,384 | |
| Other amounts payable | 47/48 | €11,477 | €7,569 | -€3,908 | -34.1% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Non-recurring operating income | 76A | €124,417 | €7,409 | -€117,008 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,043 | €112,872 | -€57,171 | -33.6% |
| Other operating charges | 640/8 | €2,757 | €1,194 | -€1,563 | -56.7% |
| Non-recurring operating charges | 66A | €2,803 | €5,172 | +€2,369 | +84.5% |
| Gross operating margin | 9900 | €274,685 | €108,742 | -€165,943 | -60.4% |
| Operating profit (loss) | 9901 | €99,082 | -€10,497 | -€109,579 | |
| Financial charges | 65/66B | €4,767 | €7,353 | +€2,586 | +54.3% |
| Recurring financial charges | 65 | €4,767 | €7,353 | +€2,586 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €94,315 | -€17,850 | -€112,165 | |
| Income taxes | 67/77 | €21,795 | €218 | -€21,576 | -99.0% |
| Profit (loss) for the period | 9904 | €72,520 | -€18,068 | -€90,588 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,520 | -€18,068 | -€90,588 |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.