DONASS: 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.
DONASS
Largest movements
- Stocks and contracts +€31,337
up €31,337 (+662.9%), from €4,728 to €36,065
- Tangible fixed assets -€18,966
down €18,966 (-6.7%), from €283,298 to €264,332
of which Plant, machinery and equipment: -€20,727
- Receivables within one year -€13,393
down €13,393 (-12.7%), from €105,787 to €92,394
of which Other amounts receivable: -€69,510
- Cash -€12,184
down €12,184 (-57.6%), from €21,134 to €8,951
mainly Debts after one year (-€34,103) and Stocks and contracts (-€31,337)
- Deferred charges and accrued income -€8,728
down €8,728 (-78.0%), from €11,196 to €2,468
- Debts after one year -€34,103
down €34,103 (-47.1%), from €72,347 to €38,244
of which Financial debts: -€34,103
- Short-term financial debts +€28,965
new in 2025: €28,965
of which Credit institutions: +€28,965
- Current portion of long-term debt -€23,839
down €23,839 (-33.7%), from €70,726 to €46,887
- Profit (loss) carried forward +€9,036
new in 2025: €9,036
- Tax, wage and social debts -€8,127
down €8,127 (-17.9%), from €45,512 to €37,385
of which Taxes: -€8,978
- Gross operating margin -€65,027
down €65,027 (-26.4%), from €246,497 to €181,470
- Staff costs -€42,876
down €42,876 (-28.4%), from €151,166 to €108,289
- Taxes -€16,403
down €16,403, from €13,246 to -€3,157
- Other operating charges -€10,230
down €10,230 (-48.5%), from €21,088 to €10,858
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 | €439,736 | €416,203 | -€23,533 | -5.4% |
| Fixed assets | 21/28 | €296,891 | €276,325 | -€20,566 | -6.9% |
| Intangible fixed assets | 21 | €9,093 | €7,493 | -€1,600 | -17.6% |
| Tangible fixed assets | 22/27 | €283,298 | €264,332 | -€18,966 | -6.7% |
| Plant, machinery and equipment | 23 | €153,399 | €132,671 | -€20,727 | -13.5% |
| Furniture and vehicles | 24 | €43,662 | €52,992 | +€9,330 | +21.4% |
| Other tangible fixed assets | 26 | €86,237 | €78,669 | -€7,569 | -8.8% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €142,845 | €139,878 | -€2,967 | -2.1% |
| Stocks and contracts in progress | 3 | €4,728 | €36,065 | +€31,337 | +662.9% |
| Stocks | 30/36 | €4,728 | €36,065 | +€31,337 | +662.9% |
| Amounts receivable within one year | 40/41 | €105,787 | €92,394 | -€13,393 | -12.7% |
| Trade receivables | 40 | €12,255 | €68,371 | +€56,116 | +457.9% |
| Other amounts receivable | 41 | €93,532 | €24,023 | -€69,510 | -74.3% |
| Cash at bank and in hand | 54/58 | €21,134 | €8,951 | -€12,184 | -57.6% |
| Deferred charges and accrued income | 490/1 | €11,196 | €2,468 | -€8,728 | -78.0% |
| Total equity and liabilities | 10/49 | €439,736 | €416,203 | -€23,533 | -5.4% |
| Equity | 10/15 | €173,485 | €182,522 | +€9,036 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €167,285 | €167,285 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Distributable reserves | 133 | €165,430 | €165,430 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €9,036 | +€9,036 | |
| Amounts payable | 17/49 | €266,251 | €233,682 | -€32,569 | -12.2% |
| Amounts payable after more than one year | 17 | €72,347 | €38,244 | -€34,103 | -47.1% |
| Financial debts | 170/4 | €72,347 | €38,244 | -€34,103 | -47.1% |
| Trade debts | 175 | - | €0 | = | |
| Advances received on contracts in progress | 176 | - | €0 | = | |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €193,904 | €195,438 | +€1,534 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €70,726 | €46,887 | -€23,839 | -33.7% |
| Financial debts | 43 | - | €28,965 | +€28,965 | |
| Credit institutions | 430/8 | - | €28,965 | +€28,965 | |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €76,401 | €82,201 | +€5,800 | +7.6% |
| Suppliers | 440/4 | €76,401 | €82,201 | +€5,800 | +7.6% |
| Taxes, remuneration and social security | 45 | €45,512 | €37,385 | -€8,127 | -17.9% |
| Taxes | 450/3 | €12,526 | €3,549 | -€8,978 | -71.7% |
| Remuneration and social security | 454/9 | €32,985 | €33,836 | +€851 | +2.6% |
| Other amounts payable | 47/48 | €1,266 | - | -€1,266 | |
| Remuneration, social security and pensions | 62 | €151,166 | €108,289 | -€42,876 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,097 | €47,020 | -€1,077 | -2.2% |
| Other operating charges | 640/8 | €21,088 | €10,858 | -€10,230 | -48.5% |
| Non-recurring operating charges | 66A | - | €221 | +€221 | |
| Gross operating margin | 9900 | €246,497 | €181,470 | -€65,027 | -26.4% |
| Operating profit (loss) | 9901 | €26,146 | €15,082 | -€11,064 | -42.3% |
| Financial income | 75/76B | €1,475 | €1,724 | +€249 | +16.8% |
| Recurring financial income | 75 | €1,475 | €1,724 | +€249 | +16.8% |
| Financial charges | 65/66B | €9,062 | €10,926 | +€1,864 | +20.6% |
| Recurring financial charges | 65 | €9,062 | €10,926 | +€1,864 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €18,560 | €5,880 | -€12,680 | -68.3% |
| Income taxes | 67/77 | €13,246 | -€3,157 | -€16,403 | |
| Profit (loss) for the period | 9904 | €5,313 | €9,036 | +€3,723 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,313 | €9,036 | +€3,723 | +70.1% |
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.