DONAVI: 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.
DONAVI
Largest movements
- Stocks and contracts +€28,500
up €28,500 (+23.8%), from €119,543 to €148,043
- Cash -€9,325
down €9,325 (-42.9%), from €21,746 to €12,421
mainly Investment in fixed assets (net) (-€31,190) and Stocks and contracts (-€28,500)
- Other debts +€8,314
up €8,314 (+6.7%), from €123,571 to €131,885
- Current portion of long-term debt +€4,934
up €4,934 (+39.1%), from €12,602 to €17,536
- Gross operating margin +€11,548
up €11,548 (+40.1%), from €28,799 to €40,347
- Depreciation +€2,856
up €2,856 (+10.4%), from €27,488 to €30,344
- Other operating charges +€1,949
up €1,949 (+431.7%), from €451 to €2,401
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 | €416,472 | €437,377 | +€20,905 | +5.0% |
| Fixed assets | 21/28 | €259,538 | €260,384 | +€846 | +0.3% |
| Intangible fixed assets | 21 | €4,894 | €1,702 | -€3,192 | -65.2% |
| Tangible fixed assets | 22/27 | €254,644 | €258,682 | +€4,038 | +1.6% |
| Land and buildings | 22 | €222,872 | €210,732 | -€12,139 | -5.4% |
| Furniture and vehicles | 24 | €31,772 | €47,950 | +€16,178 | +50.9% |
| Current assets | 29/58 | €156,934 | €176,993 | +€20,059 | +12.8% |
| Stocks and contracts in progress | 3 | €119,543 | €148,043 | +€28,500 | +23.8% |
| Stocks | 30/36 | €119,543 | €148,043 | +€28,500 | +23.8% |
| Amounts receivable within one year | 40/41 | €11,345 | €10,883 | -€462 | -4.1% |
| Trade receivables | 40 | €11,345 | €10,868 | -€477 | -4.2% |
| Other amounts receivable | 41 | - | €15 | +€15 | |
| Cash at bank and in hand | 54/58 | €21,746 | €12,421 | -€9,325 | -42.9% |
| Deferred charges and accrued income | 490/1 | €4,300 | €5,646 | +€1,346 | +31.3% |
| Total equity and liabilities | 10/49 | €416,472 | €437,377 | +€20,905 | +5.0% |
| Equity | 10/15 | €26,726 | €27,157 | +€431 | +1.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,274 | -€32,843 | +€431 | +1.3% |
| Amounts payable | 17/49 | €389,746 | €410,220 | +€20,474 | +5.3% |
| Amounts payable after more than one year | 17 | €194,221 | €198,445 | +€4,225 | +2.2% |
| Financial debts | 170/4 | €194,221 | €198,445 | +€4,225 | +2.2% |
| Amounts payable within one year | 42/48 | €195,525 | €211,520 | +€15,995 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €12,602 | €17,536 | +€4,934 | +39.1% |
| Trade debts | 44 | €40,954 | €42,080 | +€1,126 | +2.7% |
| Suppliers | 440/4 | €40,954 | €42,080 | +€1,126 | +2.7% |
| Taxes, remuneration and social security | 45 | €18,398 | €20,020 | +€1,622 | +8.8% |
| Taxes | 450/3 | €15,953 | €17,020 | +€1,067 | +6.7% |
| Remuneration and social security | 454/9 | €2,445 | €3,000 | +€555 | +22.7% |
| Other amounts payable | 47/48 | €123,571 | €131,885 | +€8,314 | +6.7% |
| Accrued charges and deferred income | 492/3 | - | €254 | +€254 | |
| Non-recurring operating income | 76A | €3,687 | €1,449 | -€2,238 | -60.7% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,488 | €30,344 | +€2,856 | +10.4% |
| Other operating charges | 640/8 | €451 | €2,401 | +€1,949 | +431.7% |
| Gross operating margin | 9900 | €28,799 | €40,347 | +€11,548 | +40.1% |
| Operating profit (loss) | 9901 | €472 | €7,203 | +€6,731 | +1426.1% |
| Financial income | 75/76B | €29 | €17 | -€12 | -42.4% |
| Recurring financial income | 75 | €29 | €17 | -€12 | -42.4% |
| Financial charges | 65/66B | €6,469 | €6,788 | +€319 | +4.9% |
| Recurring financial charges | 65 | €6,469 | €6,788 | +€319 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,968 | €431 | +€6,400 | |
| Income taxes | 67/77 | €224 | - | -€224 | |
| Profit (loss) for the period | 9904 | -€6,192 | €431 | +€6,624 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,192 | €431 | +€6,624 |
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 11 October 2026 via checked.be.