DONaveve: 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.
DONaveve
Largest movements
- Stocks and contracts +€32,402
up €32,402 (+12.8%), from €253,855 to €286,256
- Tangible fixed assets -€17,161
down €17,161 (-63.4%), from €27,052 to €9,890
of which Other tangible fixed assets: -€12,069
- Trade debts +€28,649
up €28,649 (+8.2%), from €350,140 to €378,789
- Debts after one year -€15,469
down €15,469 (-66.0%), from €23,425 to €7,956
- Profit (loss) carried forward +€10,903
up €10,903 (+13.6%), from -€80,100 to -€69,198
- Current portion of long-term debt -€9,498
down €9,498 (-38.0%), from €24,967 to €15,469
- Gross operating margin +€28,642
up €28,642 (+23.1%), from €124,057 to €152,699
- Staff costs +€19,022
up €19,022 (+20.5%), from €92,843 to €111,864
- Financial charges -€7,867
down €7,867 (-47.2%), from €16,660 to €8,794
- Depreciation -€5,254
down €5,254 (-23.4%), from €22,415 to €17,161
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 | €374,948 | €389,890 | +€14,942 | +4.0% |
| Fixed assets | 21/28 | €27,227 | €10,065 | -€17,161 | -63.0% |
| Tangible fixed assets | 22/27 | €27,052 | €9,890 | -€17,161 | -63.4% |
| Plant, machinery and equipment | 23 | €5,378 | €2,463 | -€2,915 | -54.2% |
| Furniture and vehicles | 24 | €4,097 | €1,919 | -€2,178 | -53.2% |
| Other tangible fixed assets | 26 | €17,577 | €5,508 | -€12,069 | -68.7% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €347,721 | €379,825 | +€32,104 | +9.2% |
| Stocks and contracts in progress | 3 | €253,855 | €286,256 | +€32,402 | +12.8% |
| Stocks | 30/36 | €253,855 | €286,256 | +€32,402 | +12.8% |
| Amounts receivable within one year | 40/41 | €25,285 | €23,011 | -€2,274 | -9.0% |
| Trade receivables | 40 | €18,798 | €10,153 | -€8,645 | -46.0% |
| Other amounts receivable | 41 | €6,487 | €12,858 | +€6,371 | +98.2% |
| Cash at bank and in hand | 54/58 | €68,582 | €70,558 | +€1,976 | +2.9% |
| Total equity and liabilities | 10/49 | €374,948 | €389,890 | +€14,942 | +4.0% |
| Equity | 10/15 | -€47,100 | -€36,198 | +€10,903 | +23.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,100 | -€69,198 | +€10,903 | +13.6% |
| Amounts payable | 17/49 | €422,048 | €426,088 | +€4,040 | +1.0% |
| Amounts payable after more than one year | 17 | €23,425 | €7,956 | -€15,469 | -66.0% |
| Financial debts | 170/4 | €23,425 | €7,956 | -€15,469 | -66.0% |
| Amounts payable within one year | 42/48 | €398,623 | €418,131 | +€19,508 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €24,967 | €15,469 | -€9,498 | -38.0% |
| Trade debts | 44 | €350,140 | €378,789 | +€28,649 | +8.2% |
| Suppliers | 440/4 | €350,140 | €378,789 | +€28,649 | +8.2% |
| Taxes, remuneration and social security | 45 | €23,516 | €23,874 | +€358 | +1.5% |
| Taxes | 450/3 | €4,707 | - | -€4,707 | |
| Remuneration and social security | 454/9 | €18,810 | €23,874 | +€5,064 | +26.9% |
| Remuneration, social security and pensions | 62 | €92,843 | €111,864 | +€19,022 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,415 | €17,161 | -€5,254 | -23.4% |
| Other operating charges | 640/8 | €3,364 | €3,977 | +€614 | +18.2% |
| Gross operating margin | 9900 | €124,057 | €152,699 | +€28,642 | +23.1% |
| Operating profit (loss) | 9901 | €5,436 | €19,696 | +€14,260 | +262.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €16,660 | €8,794 | -€7,867 | -47.2% |
| Recurring financial charges | 65 | €16,660 | €8,794 | -€7,867 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,225 | €10,903 | +€22,127 | |
| Profit (loss) for the period | 9904 | -€11,225 | €10,903 | +€22,127 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,225 | €10,903 | +€22,127 |
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 3 October 2026 via checked.be.