DONACO: 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.
What changed
DONACO
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€77,665
2024 · €151,702-€74,037
Equity
€986,681
2024 · €950,696+€35,985
Cash
€561,988
2024 · €555,927+€6,061
Balance sheet total
€1.2m
2024 · €1.2m-€19,798
Largest movements
Assets
- Receivables within one year -€16,108
down €16,108 (-33.0%), from €48,809 to €32,701
of which Trade receivables: -€21,756
Equity and liabilities
- Tax, wage and social debts -€39,385
down €39,385 (-82.0%), from €48,033 to €8,648
- Reserves +€35,985
up €35,985 (+5.4%), from €671,996 to €707,981
of which Distributable reserves: +€35,985
Income statement
- Gross operating margin -€94,277
down €94,277 (-37.7%), from €249,959 to €155,681
- Taxes -€34,129
down €34,129 (-47.1%), from €72,512 to €38,382
- Depreciation +€12,902
up €12,902 (+87.3%), from €14,771 to €27,673
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.
Result 2024
€151,702
Gross operating margin
-€94,277
Depreciation
-€12,902
Other operating charges
+€218
Other operating items
-€591
Financial income
-€823
Financial charges
+€210
Taxes
+€34,129
Result 2025
€77,665
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.
From operations
+€74,656
Investment
-€17,986
Financing
-€50,608
Cash 2024
€555,927
From operations (derived)
+€74,656
Net result for the year
+€77,665
Depreciation
+€27,673
Receivables within one year
+€16,108
Deferred charges and accrued income
+€65
Trade debts
-€7,470
Tax, wage and social debts
-€39,385
Investment (derived)
-€17,986
Investment in fixed assets (net)
-€17,986
Financing
-€50,608
Debts after one year
-€8,054
Short-term financial debts
-€875
Contributions, distributions and other
-€41,680
Cash 2025
€561,988
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,245,131 | €1,225,332 | -€19,798 | -1.6% |
| Fixed assets | 21/28 | €636,682 | €626,996 | -€9,686 | -1.5% |
| Tangible fixed assets | 22/27 | €91,682 | €81,996 | -€9,686 | -10.6% |
| Plant, machinery and equipment | 23 | €5,694 | €6,818 | +€1,124 | +19.7% |
| Furniture and vehicles | 24 | €85,988 | €63,792 | -€22,196 | -25.8% |
| Other tangible fixed assets | 26 | - | €11,385 | +€11,385 | |
| Financial fixed assets | 28 | €545,000 | €545,000 | = | 0.0% |
| Current assets | 29/58 | €608,448 | €598,336 | -€10,112 | -1.7% |
| Amounts receivable within one year | 40/41 | €48,809 | €32,701 | -€16,108 | -33.0% |
| Trade receivables | 40 | €39,906 | €18,150 | -€21,756 | -54.5% |
| Other amounts receivable | 41 | €8,903 | €14,551 | +€5,648 | +63.4% |
| Cash at bank and in hand | 54/58 | €555,927 | €561,988 | +€6,061 | +1.1% |
| Deferred charges and accrued income | 490/1 | €3,712 | €3,647 | -€65 | -1.8% |
| Total equity and liabilities | 10/49 | €1,245,131 | €1,225,332 | -€19,798 | -1.6% |
| Equity | 10/15 | €950,696 | €986,681 | +€35,985 | +3.8% |
| Contributions | 10/11 | €278,700 | €278,700 | = | 0.0% |
| Reserves | 13 | €671,996 | €707,981 | +€35,985 | +5.4% |
| Non-distributable reserves | 130/1 | €15,373 | €15,373 | = | 0.0% |
| Other | 1319 | €15,373 | €15,373 | = | 0.0% |
| Distributable reserves | 133 | €656,623 | €692,608 | +€35,985 | +5.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €294,435 | €238,651 | -€55,783 | -18.9% |
| Amounts payable after more than one year | 17 | €230,379 | €222,325 | -€8,054 | -3.5% |
| Financial debts | 170/4 | €230,379 | €222,325 | -€8,054 | -3.5% |
| Amounts payable within one year | 42/48 | €64,056 | €16,326 | -€47,730 | -74.5% |
| Financial debts | 43 | €911 | €36 | -€875 | -96.0% |
| Credit institutions | 430/8 | €911 | €36 | -€875 | -96.0% |
| Trade debts | 44 | €15,112 | €7,642 | -€7,470 | -49.4% |
| Suppliers | 440/4 | €15,112 | €7,642 | -€7,470 | -49.4% |
| Taxes, remuneration and social security | 45 | €48,033 | €8,648 | -€39,385 | -82.0% |
| Taxes | 450/3 | €48,033 | €8,648 | -€39,385 | -82.0% |
| Non-recurring operating income | 76A | €12,489 | €0 | -€12,489 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,771 | €27,673 | +€12,902 | +87.3% |
| Other operating charges | 640/8 | €2,609 | €2,392 | -€218 | -8.3% |
| Non-recurring operating charges | 66A | - | €591 | +€591 | |
| Gross operating margin | 9900 | €249,959 | €155,681 | -€94,277 | -37.7% |
| Operating profit (loss) | 9901 | €232,579 | €125,026 | -€107,553 | -46.2% |
| Financial income | 75/76B | €1,152 | €329 | -€823 | -71.5% |
| Recurring financial income | 75 | €1,152 | €329 | -€823 | -71.5% |
| Financial charges | 65/66B | €9,517 | €9,307 | -€210 | -2.2% |
| Recurring financial charges | 65 | €9,517 | €9,307 | -€210 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €224,214 | €116,048 | -€108,166 | -48.2% |
| Income taxes | 67/77 | €72,512 | €38,382 | -€34,129 | -47.1% |
| Profit (loss) for the period | 9904 | €151,702 | €77,665 | -€74,037 | -48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €151,702 | €77,665 | -€74,037 | -48.8% |
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 7 October 2026 via checked.be.