DOLFINANCE: what changed
Two fiscal 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.
DOLFINANCE
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+73.4%), from €1.7m to €2.9m
of which Land and buildings: +€1.2m
- Receivables within one year -€41,904
down €41,904 (-75.9%), from €55,224 to €13,320
of which Other amounts receivable: -€25,187
- Cash -€34,229
down €34,229 (-32.0%), from €107,067 to €72,838
mainly Investment in fixed assets (net) (-€1.3m) and Net result for the year (-€62,215)
- Revaluation surpluses +€1.2m
new in 2025: €1.2m
- Profit (loss) carried forward -€62,215
down €62,215 (-32.2%), from -€192,977 to -€255,192
- Financial charges -€170,358
down €170,358 (-79.8%), from €213,526 to €43,168
of which Non-recurring financial charges: -€168,787
- Depreciation -€78,439
down €78,439 (-46.4%), from €169,010 to €90,571
- Gross operating margin -€8,915
down €8,915 (-7.1%), from €125,187 to €116,272
- Other operating charges +€2,075
up €2,075 (+15.8%), from €13,105 to €15,180
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,858,795 | €3,010,264 | +€1.2m | +61.9% |
| Fixed assets | 21/28 | €1,695,082 | €2,920,394 | +€1.2m | +72.3% |
| Tangible fixed assets | 22/27 | €1,669,237 | €2,894,549 | +€1.2m | +73.4% |
| Land and buildings | 22 | €1,666,085 | €2,854,710 | +€1.2m | +71.3% |
| Plant, machinery and equipment | 23 | €3,152 | €38,810 | +€35,658 | +1131.3% |
| Furniture and vehicles | 24 | - | €1,030 | +€1,030 | |
| Financial fixed assets | 28 | €25,845 | €25,845 | = | 0.0% |
| Current assets | 29/58 | €163,713 | €89,870 | -€73,844 | -45.1% |
| Amounts receivable within one year | 40/41 | €55,224 | €13,320 | -€41,904 | -75.9% |
| Trade receivables | 40 | €30,037 | €13,320 | -€16,717 | -55.7% |
| Other amounts receivable | 41 | €25,187 | - | -€25,187 | |
| Cash at bank and in hand | 54/58 | €107,067 | €72,838 | -€34,229 | -32.0% |
| Deferred charges and accrued income | 490/1 | €1,422 | €3,711 | +€2,289 | +161.0% |
| Total equity and liabilities | 10/49 | €1,858,795 | €3,010,264 | +€1.2m | +61.9% |
| Equity | 10/15 | €311,509 | €1,461,716 | +€1.2m | +369.2% |
| Contributions | 10/11 | €337,333 | €337,333 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,212,091 | +€1.2m | |
| Reserves | 13 | €167,152 | €167,485 | +€332 | +0.2% |
| Distributable reserves | 133 | €167,152 | €167,485 | +€332 | +0.2% |
| Profit (loss) carried forward | 14 | -€192,977 | -€255,192 | -€62,215 | -32.2% |
| Amounts payable | 17/49 | €1,547,287 | €1,548,547 | +€1,261 | +0.1% |
| Amounts payable after more than one year | 17 | €1,500,000 | €1,500,000 | = | 0.0% |
| Financial debts | 170/4 | €1,500,000 | €1,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,287 | €48,547 | +€1,261 | +2.7% |
| Financial debts | 43 | €363 | €121 | -€241 | -66.5% |
| Credit institutions | 430/8 | €363 | €121 | -€241 | -66.5% |
| Trade debts | 44 | €936 | €747 | -€188 | -20.1% |
| Suppliers | 440/4 | €936 | €747 | -€188 | -20.1% |
| Taxes, remuneration and social security | 45 | €2,175 | €2,886 | +€710 | +32.7% |
| Taxes | 450/3 | €207 | €158 | -€50 | -24.0% |
| Remuneration and social security | 454/9 | €1,968 | €2,728 | +€760 | +38.6% |
| Other amounts payable | 47/48 | €43,813 | €44,793 | +€980 | +2.2% |
| Remuneration, social security and pensions | 62 | €28,896 | €29,569 | +€672 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,010 | €90,571 | -€78,439 | -46.4% |
| Other operating charges | 640/8 | €13,105 | €15,180 | +€2,075 | +15.8% |
| Gross operating margin | 9900 | €125,187 | €116,272 | -€8,915 | -7.1% |
| Operating profit (loss) | 9901 | -€85,825 | -€19,048 | +€66,778 | +77.8% |
| Financial charges | 65/66B | €213,526 | €43,168 | -€170,358 | -79.8% |
| Recurring financial charges | 65 | €44,739 | €43,168 | -€1,571 | -3.5% |
| Non-recurring financial charges | 66B | €168,787 | - | -€168,787 | |
| Profit (loss) for the period before taxes | 9903 | -€299,351 | -€62,215 | +€237,136 | +79.2% |
| Profit (loss) for the period | 9904 | -€299,351 | -€62,215 | +€237,136 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€299,351 | -€62,215 | +€237,136 | +79.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.