Dolex Management: 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.
Dolex Management
Largest movements
- Cash +€31,685
up €31,685 (+142%), from €22,253 to €53,937
mainly Net result for the year (+€36,819) and Depreciation (+€10,538)
- Tangible fixed assets -€4,488
down €4,488 (-13.4%), from €33,555 to €29,067
of which Leasing and similar rights: -€9,410
- Receivables within one year +€1,872
up €1,872 (+14.4%), from €13,038 to €14,910
of which Trade receivables: +€1,775
- Stocks and contracts +€1,630
up €1,630 (+63.4%), from €2,570 to €4,200
- Reserves +€36,819
up €36,819 (+187%), from €19,676 to €56,495
- Debts after one year -€9,434
down €9,434 (-40.0%), from €23,572 to €14,138
- Tax, wage and social debts +€5,665
up €5,665 (+43.6%), from €12,995 to €18,660
- Other debts -€2,000
no longer reported in 2026 (was €2,000)
- Gross operating margin +€29,312
up €29,312 (+93.5%), from €31,365 to €60,677
- Taxes +€5,865
up €5,865 (+103%), from €5,707 to €11,572
- Depreciation +€5,688
up €5,688 (+117%), from €4,850 to €10,538
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,249 | €104,041 | +€30,792 | +42.0% |
| Fixed assets | 21/28 | €33,555 | €29,067 | -€4,488 | -13.4% |
| Tangible fixed assets | 22/27 | €33,555 | €29,067 | -€4,488 | -13.4% |
| Plant, machinery and equipment | 23 | €735 | €1,104 | +€369 | +50.2% |
| Furniture and vehicles | 24 | - | €4,553 | +€4,553 | |
| Leasing and similar rights | 25 | €32,820 | €23,410 | -€9,410 | -28.7% |
| Current assets | 29/58 | €39,694 | €74,975 | +€35,281 | +88.9% |
| Stocks and contracts in progress | 3 | €2,570 | €4,200 | +€1,630 | +63.4% |
| Stocks | 30/36 | €2,570 | €4,200 | +€1,630 | +63.4% |
| Amounts receivable within one year | 40/41 | €13,038 | €14,910 | +€1,872 | +14.4% |
| Trade receivables | 40 | €13,038 | €14,813 | +€1,775 | +13.6% |
| Other amounts receivable | 41 | - | €98 | +€98 | |
| Cash at bank and in hand | 54/58 | €22,253 | €53,937 | +€31,685 | +142% |
| Deferred charges and accrued income | 490/1 | €1,833 | €1,927 | +€94 | +5.1% |
| Total equity and liabilities | 10/49 | €73,249 | €104,041 | +€30,792 | +42.0% |
| Equity | 10/15 | €24,676 | €61,495 | +€36,819 | +149% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,676 | €56,495 | +€36,819 | +187% |
| Distributable reserves | 133 | €19,676 | €56,495 | +€36,819 | +187% |
| Amounts payable | 17/49 | €48,573 | €42,547 | -€6,027 | -12.4% |
| Amounts payable after more than one year | 17 | €23,572 | €14,138 | -€9,434 | -40.0% |
| Financial debts | 170/4 | €23,572 | €14,138 | -€9,434 | -40.0% |
| Amounts payable within one year | 42/48 | €25,001 | €28,408 | +€3,407 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €9,006 | €9,434 | +€428 | +4.8% |
| Trade debts | 44 | €1,000 | €314 | -€686 | -68.6% |
| Suppliers | 440/4 | €1,000 | €314 | -€686 | -68.6% |
| Taxes, remuneration and social security | 45 | €12,995 | €18,660 | +€5,665 | +43.6% |
| Taxes | 450/3 | €12,995 | €18,660 | +€5,665 | +43.6% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,850 | €10,538 | +€5,688 | +117% |
| Other operating charges | 640/8 | €19 | €65 | +€46 | +249% |
| Gross operating margin | 9900 | €31,365 | €60,677 | +€29,312 | +93.5% |
| Operating profit (loss) | 9901 | €26,496 | €50,074 | +€23,578 | +89.0% |
| Financial charges | 65/66B | €1,114 | €1,683 | +€569 | +51.1% |
| Recurring financial charges | 65 | €1,114 | €1,683 | +€569 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €25,382 | €48,391 | +€23,009 | +90.6% |
| Income taxes | 67/77 | €5,707 | €11,572 | +€5,865 | +103% |
| Profit (loss) for the period | 9904 | €19,676 | €36,819 | +€17,143 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,676 | €36,819 | +€17,143 | +87.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.