DON QUICHOTE: 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 QUICHOTE
Largest movements
- Tangible fixed assets -€19,817
down €19,817 (-3.6%), from €557,857 to €538,040
- Cash +€14,541
up €14,541 (+53.2%), from €27,307 to €41,848
mainly Net result for the year (+€25,799) and Depreciation (+€19,817)
- Debts after one year -€37,056
down €37,056 (-10.2%), from €363,056 to €326,001
- Reserves +€25,700
up €25,700 (+25.4%), from €101,255 to €126,955
of which Distributable reserves: +€25,700
- Accrued charges and deferred income +€7,256
up €7,256 (+1,317%), from €551 to €7,807
- Gross operating margin -€2,607
down €2,607 (-3.4%), from €75,734 to €73,126
- Financial charges -€1,566
down €1,566 (-11.3%), from €13,809 to €12,243
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 | €590,641 | €585,956 | -€4,685 | -0.8% |
| Fixed assets | 21/28 | €557,857 | €538,040 | -€19,817 | -3.6% |
| Tangible fixed assets | 22/27 | €557,857 | €538,040 | -€19,817 | -3.6% |
| Land and buildings | 22 | €557,857 | €538,040 | -€19,817 | -3.6% |
| Current assets | 29/58 | €32,784 | €47,916 | +€15,132 | +46.2% |
| Amounts receivable within one year | 40/41 | €5,477 | €6,027 | +€550 | +10.0% |
| Other amounts receivable | 41 | €5,477 | €6,027 | +€550 | +10.0% |
| Cash at bank and in hand | 54/58 | €27,307 | €41,848 | +€14,541 | +53.2% |
| Deferred charges and accrued income | 490/1 | - | €41 | +€41 | |
| Total equity and liabilities | 10/49 | €590,641 | €585,956 | -€4,685 | -0.8% |
| Equity | 10/15 | €184,736 | €210,535 | +€25,799 | +14.0% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €101,255 | €126,955 | +€25,700 | +25.4% |
| Non-distributable reserves | 130/1 | €2,955 | €2,955 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,955 | €2,955 | = | 0.0% |
| Distributable reserves | 133 | €98,300 | €124,000 | +€25,700 | +26.1% |
| Profit (loss) carried forward | 14 | €38,482 | €38,580 | +€99 | +0.3% |
| Amounts payable | 17/49 | €405,904 | €375,421 | -€30,484 | -7.5% |
| Amounts payable after more than one year | 17 | €363,056 | €326,001 | -€37,056 | -10.2% |
| Financial debts | 170/4 | €363,056 | €326,001 | -€37,056 | -10.2% |
| Amounts payable within one year | 42/48 | €42,297 | €41,613 | -€684 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €35,755 | €37,056 | +€1,301 | +3.6% |
| Trade debts | 44 | €1,600 | €475 | -€1,125 | -70.3% |
| Suppliers | 440/4 | €1,600 | €475 | -€1,125 | -70.3% |
| Taxes, remuneration and social security | 45 | €2,680 | €2,570 | -€110 | -4.1% |
| Taxes | 450/3 | €2,680 | €2,570 | -€110 | -4.1% |
| Other amounts payable | 47/48 | €2,262 | €1,512 | -€750 | -33.2% |
| Accrued charges and deferred income | 492/3 | €551 | €7,807 | +€7,256 | +1,317% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,817 | €19,817 | = | 0.0% |
| Other operating charges | 640/8 | €2,826 | €3,168 | +€342 | +12.1% |
| Gross operating margin | 9900 | €75,734 | €73,126 | -€2,607 | -3.4% |
| Operating profit (loss) | 9901 | €53,090 | €50,141 | -€2,949 | -5.6% |
| Financial charges | 65/66B | €13,809 | €12,243 | -€1,566 | -11.3% |
| Recurring financial charges | 65 | €13,809 | €12,243 | -€1,566 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €39,281 | €37,898 | -€1,383 | -3.5% |
| Income taxes | 67/77 | €12,471 | €12,099 | -€372 | -3.0% |
| Profit (loss) for the period | 9904 | €26,810 | €25,799 | -€1,011 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,810 | €25,799 | -€1,011 | -3.8% |
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 21 October 2026 via checked.be.