DON: 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.
DON
Largest movements
- Cash -€251,687
down €251,687 (-19.8%), from €1.3m to €1.0m
mainly Contributions, distributions and other (-€109,762) and Tax, wage and social debts (-€90,413)
- Receivables within one year +€72,848
up €72,848 (+49.6%), from €146,797 to €219,645
of which Trade receivables: +€99,137
- Tax, wage and social debts -€90,413
down €90,413 (-82.8%), from €109,179 to €18,766
- Other debts -€45,059
down €45,059 (-89.0%), from €50,645 to €5,586
- Contributions -€36,484
down €36,484 (-10.3%), from €355,000 to €318,516
- Financial income -€725,324
down €725,324 (-99.9%), from €726,377 to €1,052
- Taxes -€88,558
down €88,558 (-77.0%), from €114,994 to €26,436
- Gross operating margin -€71,486
down €71,486 (-43.1%), from €165,801 to €94,315
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 | €2,507,180 | €2,328,341 | -€178,839 | -7.1% |
| Fixed assets | 21/28 | €1,091,350 | €1,091,350 | = | 0.0% |
| Financial fixed assets | 28 | €1,091,350 | €1,091,350 | = | 0.0% |
| Current assets | 29/58 | €1,415,830 | €1,236,991 | -€178,839 | -12.6% |
| Amounts receivable within one year | 40/41 | €146,797 | €219,645 | +€72,848 | +49.6% |
| Trade receivables | 40 | €112,629 | €211,765 | +€99,137 | +88.0% |
| Other amounts receivable | 41 | €34,168 | €7,879 | -€26,288 | -76.9% |
| Cash at bank and in hand | 54/58 | €1,269,033 | €1,017,346 | -€251,687 | -19.8% |
| Total equity and liabilities | 10/49 | €2,507,180 | €2,328,341 | -€178,839 | -7.1% |
| Equity | 10/15 | €2,342,585 | €2,299,191 | -€43,394 | -1.9% |
| Contributions | 10/11 | €355,000 | €318,516 | -€36,484 | -10.3% |
| Reserves | 13 | €1,274,563 | €1,267,653 | -€6,910 | -0.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,274,563 | €1,267,653 | -€6,910 | -0.5% |
| Profit (loss) carried forward | 14 | €713,022 | €713,022 | = | 0.0% |
| Amounts payable | 17/49 | €164,595 | €29,149 | -€135,445 | -82.3% |
| Amounts payable within one year | 42/48 | €163,634 | €28,158 | -€135,476 | -82.8% |
| Trade debts | 44 | €3,810 | €3,805 | -€5 | -0.1% |
| Suppliers | 440/4 | €3,810 | €3,805 | -€5 | -0.1% |
| Taxes, remuneration and social security | 45 | €109,179 | €18,766 | -€90,413 | -82.8% |
| Taxes | 450/3 | €109,179 | €18,766 | -€90,413 | -82.8% |
| Other amounts payable | 47/48 | €50,645 | €5,586 | -€45,059 | -89.0% |
| Accrued charges and deferred income | 492/3 | €960 | €991 | +€31 | +3.2% |
| Other operating charges | 640/8 | €2,316 | €2,463 | +€146 | +6.3% |
| Gross operating margin | 9900 | €165,801 | €94,315 | -€71,486 | -43.1% |
| Operating profit (loss) | 9901 | €163,485 | €91,852 | -€71,632 | -43.8% |
| Financial income | 75/76B | €726,377 | €1,052 | -€725,324 | -99.9% |
| Recurring financial income | 75 | €726,377 | €1,052 | -€725,324 | -99.9% |
| Financial charges | 65/66B | €54 | €101 | +€47 | +86.2% |
| Recurring financial charges | 65 | €54 | €101 | +€47 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | €889,807 | €92,804 | -€797,003 | -89.6% |
| Income taxes | 67/77 | €114,994 | €26,436 | -€88,558 | -77.0% |
| Profit (loss) for the period | 9904 | €774,813 | €66,368 | -€708,445 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €774,813 | €66,368 | -€708,445 | -91.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.