DOLUC: 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.
DOLUC
Largest movements
- Receivables within one year -€110,073
down €110,073 (-39.4%), from €279,198 to €169,126
- Current investments +€99,998
new in 2025: €99,998
- Cash +€14,489
up €14,489 (+16.4%), from €88,412 to €102,901
mainly Receivables within one year (+€110,073) and Net result for the year (+€37,372)
- Reserves +€37,372
up €37,372 (+12.4%), from €301,673 to €339,045
of which Distributable reserves: +€37,372
- Debts after one year -€33,596
down €33,596 (-70.8%), from €47,440 to €13,844
of which Financial debts: -€33,596
- Financial income -€2,838
down €2,838 (-42.4%), from €6,699 to €3,861
- Gross operating margin +€1,965
up €1,965 (+4.2%), from €47,010 to €48,975
- Financial charges -€647
down €647 (-33.4%), from €1,934 to €1,287
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 | €390,041 | €394,777 | +€4,736 | +1.2% |
| Fixed assets | 21/28 | €18,146 | €18,146 | = | 0.0% |
| Tangible fixed assets | 22/27 | €18,096 | €18,096 | = | 0.0% |
| Land and buildings | 22 | €18,096 | €18,096 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €371,896 | €376,632 | +€4,736 | +1.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €279,198 | €169,126 | -€110,073 | -39.4% |
| Other amounts receivable | 41 | €279,198 | €169,126 | -€110,073 | -39.4% |
| Current investments | 50/53 | - | €99,998 | +€99,998 | |
| Cash at bank and in hand | 54/58 | €88,412 | €102,901 | +€14,489 | +16.4% |
| Deferred charges and accrued income | 490/1 | €4,285 | €4,607 | +€322 | +7.5% |
| Total equity and liabilities | 10/49 | €390,041 | €394,777 | +€4,736 | +1.2% |
| Equity | 10/15 | €307,873 | €345,245 | +€37,372 | +12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €301,673 | €339,045 | +€37,372 | +12.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €301,673 | €339,045 | +€37,372 | +12.4% |
| Amounts payable | 17/49 | €82,168 | €49,532 | -€32,636 | -39.7% |
| Amounts payable after more than one year | 17 | €47,440 | €13,844 | -€33,596 | -70.8% |
| Financial debts | 170/4 | €39,260 | €5,664 | -€33,596 | -85.6% |
| Other amounts payable | 178/9 | €8,180 | €8,180 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,728 | €35,688 | +€960 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €32,937 | €33,596 | +€658 | +2.0% |
| Trade debts | 44 | €126 | €128 | +€2 | +1.6% |
| Suppliers | 440/4 | €126 | €128 | +€2 | +1.6% |
| Taxes, remuneration and social security | 45 | €1,665 | €1,964 | +€299 | +18.0% |
| Taxes | 450/3 | €1,665 | €1,964 | +€299 | +18.0% |
| Other operating charges | 640/8 | €1,748 | €1,719 | -€29 | -1.7% |
| Gross operating margin | 9900 | €47,010 | €48,975 | +€1,965 | +4.2% |
| Operating profit (loss) | 9901 | €45,262 | €47,256 | +€1,994 | +4.4% |
| Financial income | 75/76B | €6,699 | €3,861 | -€2,838 | -42.4% |
| Recurring financial income | 75 | €6,699 | €3,861 | -€2,838 | -42.4% |
| Financial charges | 65/66B | €1,934 | €1,287 | -€647 | -33.4% |
| Recurring financial charges | 65 | €1,934 | €1,287 | -€647 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €50,027 | €49,830 | -€197 | -0.4% |
| Income taxes | 67/77 | €12,507 | €12,457 | -€49 | -0.4% |
| Profit (loss) for the period | 9904 | €37,520 | €37,372 | -€148 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,520 | €37,372 | -€148 | -0.4% |
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 3 October 2026 via checked.be.