DONAN: 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.
DONAN
Largest movements
- Tangible fixed assets -€35,435
down €35,435 (-9.4%), from €378,783 to €343,348
- Cash +€33,230
up €33,230 (+841.0%), from €3,951 to €37,182
mainly Depreciation (+€35,435) and Net result for the year (+€15,557)
- Receivables within one year +€5,948
new in 2025: €5,948
- Reserves +€15,557
up €15,557 (+8.2%), from €189,041 to €204,598
of which Distributable reserves: +€18,859
- Other debts -€11,693
down €11,693 (-100.0%), from €11,693 to €0
- Financial charges -€2,028
down €2,028 (-97.5%), from €2,079 to €51
- Gross operating margin +€1,671
up €1,671 (+2.7%), from €62,604 to €64,275
- Taxes +€1,135
up €1,135 (+14.8%), from €7,666 to €8,801
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 | €383,784 | €387,307 | +€3,523 | +0.9% |
| Fixed assets | 21/28 | €378,783 | €343,348 | -€35,435 | -9.4% |
| Tangible fixed assets | 22/27 | €378,783 | €343,348 | -€35,435 | -9.4% |
| Land and buildings | 22 | €378,783 | €343,348 | -€35,435 | -9.4% |
| Current assets | 29/58 | €5,001 | €43,959 | +€38,958 | +779.0% |
| Amounts receivable within one year | 40/41 | - | €5,948 | +€5,948 | |
| Other amounts receivable | 41 | - | €5,948 | +€5,948 | |
| Cash at bank and in hand | 54/58 | €3,951 | €37,182 | +€33,230 | +841.0% |
| Deferred charges and accrued income | 490/1 | €1,050 | €830 | -€220 | -21.0% |
| Total equity and liabilities | 10/49 | €383,784 | €387,307 | +€3,523 | +0.9% |
| Equity | 10/15 | €365,355 | €380,912 | +€15,557 | +4.3% |
| Contributions | 10/11 | €72,000 | €72,000 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Reserves | 13 | €189,041 | €204,598 | +€15,557 | +8.2% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,593 | €51,291 | -€3,302 | -6.0% |
| Distributable reserves | 133 | €127,248 | €146,107 | +€18,859 | +14.8% |
| Profit (loss) carried forward | 14 | €104,314 | €104,314 | = | 0.0% |
| Provisions and deferred taxes | 16 | €4,402 | €3,302 | -€1,101 | -25.0% |
| Deferred taxes | 168 | €4,402 | €3,302 | -€1,101 | -25.0% |
| Amounts payable | 17/49 | €14,027 | €3,093 | -€10,934 | -77.9% |
| Amounts payable within one year | 42/48 | €12,977 | €2,264 | -€10,714 | -82.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €118 | €463 | +€345 | +292.3% |
| Suppliers | 440/4 | €118 | €463 | +€345 | +292.3% |
| Taxes, remuneration and social security | 45 | €1,166 | €1,801 | +€635 | +54.4% |
| Taxes | 450/3 | €1,166 | €1,801 | +€635 | +54.4% |
| Other amounts payable | 47/48 | €11,693 | €0 | -€11,693 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,050 | €830 | -€220 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,435 | €35,435 | = | 0.0% |
| Other operating charges | 640/8 | €5,399 | €5,566 | +€167 | +3.1% |
| Gross operating margin | 9900 | €62,604 | €64,275 | +€1,671 | +2.7% |
| Operating profit (loss) | 9901 | €21,770 | €23,274 | +€1,504 | +6.9% |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €2,079 | €51 | -€2,028 | -97.5% |
| Recurring financial charges | 65 | €2,079 | €51 | -€2,028 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | €19,691 | €23,258 | +€3,566 | +18.1% |
| Transfer from deferred taxes | 780 | €1,101 | €1,101 | = | 0.0% |
| Income taxes | 67/77 | €7,666 | €8,801 | +€1,135 | +14.8% |
| Profit (loss) for the period | 9904 | €13,126 | €15,557 | +€2,432 | +18.5% |
| Transfer from tax-exempt reserves | 789 | €3,302 | €3,302 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,427 | €18,859 | +€2,432 | +14.8% |
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 4 October 2026 via checked.be.