Dols: 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.
Dols
Largest movements
- Stocks and contracts -€672,493
down €672,493 (-50.5%), from €1.3m to €660,441
- Receivables within one year -€621,651
down €621,651 (-35.3%), from €1.8m to €1.1m
of which Trade receivables: -€505,156
- Cash +€128,305
up €128,305 (+299%), from €42,932 to €171,237
mainly Stocks and contracts (+€672,493) and Receivables within one year (+€621,651)
- Tangible fixed assets -€59,596
down €59,596 (-21.1%), from €282,280 to €222,684
of which Furniture and vehicles: -€31,261
- Advances received -€564,770
down €564,770 (-56.2%), from €1.0m to €441,041
- Trade debts -€507,659
down €507,659 (-51.5%), from €984,927 to €477,268
- Short-term financial debts +€100,000
up €100,000 (+25.0%), from €400,000 to €500,000
- Accrued charges and deferred income -€83,967
no longer reported in 2025 (was €83,967)
- Other debts -€74,742
no longer reported in 2025 (was €74,742)
- Gross operating margin -€85,738
down €85,738 (-11.8%), from €726,283 to €640,545
- Write-downs -€43,557
down €43,557, from €4,408 to -€39,149
- Staff costs -€27,280
down €27,280 (-4.9%), from €561,590 to €534,309
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 | €3,501,344 | €2,268,495 | -€1.2m | -35.2% |
| Fixed assets | 21/28 | €338,865 | €270,286 | -€68,579 | -20.2% |
| Intangible fixed assets | 21 | €44,915 | €35,932 | -€8,983 | -20.0% |
| Tangible fixed assets | 22/27 | €282,280 | €222,684 | -€59,596 | -21.1% |
| Land and buildings | 22 | €109,074 | €91,488 | -€17,586 | -16.1% |
| Plant, machinery and equipment | 23 | €93,166 | €82,417 | -€10,749 | -11.5% |
| Furniture and vehicles | 24 | €80,040 | €48,779 | -€31,261 | -39.1% |
| Financial fixed assets | 28 | €11,670 | €11,670 | = | 0.0% |
| Current assets | 29/58 | €3,162,479 | €1,998,209 | -€1.2m | -36.8% |
| Stocks and contracts in progress | 3 | €1,332,933 | €660,441 | -€672,493 | -50.5% |
| Stocks | 30/36 | €1,332,933 | €660,441 | -€672,493 | -50.5% |
| Amounts receivable within one year | 40/41 | €1,759,212 | €1,137,562 | -€621,651 | -35.3% |
| Trade receivables | 40 | €1,303,360 | €798,204 | -€505,156 | -38.8% |
| Other amounts receivable | 41 | €455,853 | €339,358 | -€116,494 | -25.6% |
| Cash at bank and in hand | 54/58 | €42,932 | €171,237 | +€128,305 | +299% |
| Deferred charges and accrued income | 490/1 | €27,400 | €28,970 | +€1,569 | +5.7% |
| Total equity and liabilities | 10/49 | €3,501,344 | €2,268,495 | -€1.2m | -35.2% |
| Equity | 10/15 | €660,224 | €661,388 | +€1,164 | +0.2% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €485,224 | €486,388 | +€1,164 | +0.2% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,920 | €4,920 | = | 0.0% |
| Distributable reserves | 133 | €462,803 | €463,967 | +€1,164 | +0.3% |
| Amounts payable | 17/49 | €2,841,120 | €1,607,107 | -€1.2m | -43.4% |
| Amounts payable after more than one year | 17 | €88,396 | €54,899 | -€33,497 | -37.9% |
| Financial debts | 170/4 | €88,396 | €54,899 | -€33,497 | -37.9% |
| Amounts payable within one year | 42/48 | €2,668,757 | €1,552,208 | -€1.1m | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €40,060 | €33,497 | -€6,563 | -16.4% |
| Financial debts | 43 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Credit institutions | 430/8 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Trade debts | 44 | €984,927 | €477,268 | -€507,659 | -51.5% |
| Suppliers | 440/4 | €984,927 | €477,268 | -€507,659 | -51.5% |
| Advances received on contracts in progress | 46 | €1,005,811 | €441,041 | -€564,770 | -56.2% |
| Taxes, remuneration and social security | 45 | €163,218 | €100,402 | -€62,816 | -38.5% |
| Taxes | 450/3 | €110,624 | €54,171 | -€56,453 | -51.0% |
| Remuneration and social security | 454/9 | €52,594 | €46,231 | -€6,363 | -12.1% |
| Other amounts payable | 47/48 | €74,742 | - | -€74,742 | |
| Accrued charges and deferred income | 492/3 | €83,967 | - | -€83,967 | |
| Non-recurring operating income | 76A | €9,500 | €8,347 | -€1,153 | -12.1% |
| Remuneration, social security and pensions | 62 | €561,590 | €534,309 | -€27,280 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,145 | €75,148 | +€3,003 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,408 | -€39,149 | -€43,557 | |
| Other operating charges | 640/8 | €15,793 | €18,473 | +€2,679 | +17.0% |
| Gross operating margin | 9900 | €726,283 | €640,545 | -€85,738 | -11.8% |
| Operating profit (loss) | 9901 | €72,348 | €51,765 | -€20,583 | -28.5% |
| Financial income | 75/76B | €3,679 | €4,891 | +€1,212 | +32.9% |
| Recurring financial income | 75 | €3,679 | €4,891 | +€1,212 | +32.9% |
| Financial charges | 65/66B | €38,857 | €33,474 | -€5,383 | -13.9% |
| Recurring financial charges | 65 | €38,857 | €33,474 | -€5,383 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €37,170 | €23,181 | -€13,989 | -37.6% |
| Income taxes | 67/77 | €18,763 | €22,017 | +€3,255 | +17.3% |
| Profit (loss) for the period | 9904 | €18,407 | €1,164 | -€17,243 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,407 | €1,164 | -€17,243 | -93.7% |
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 30 October 2026 via checked.be.