DONCEEL: 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.
DONCEEL
Largest movements
- Stocks and contracts +€8,100
up €8,100 (+1.8%), from €450,800 to €458,900
- Deferred charges and accrued income -€5,465
down €5,465 (-93.0%), from €5,874 to €410
- Short-term financial debts +€32,048
up €32,048 (+287.9%), from €11,130 to €43,178
- Trade debts -€26,080
down €26,080 (-8.8%), from €295,820 to €269,740
- Reserves -€5,433
down €5,433 (-4.2%), from €130,563 to €125,130
of which Distributable reserves: -€5,433
- Gross operating margin -€9,715
down €9,715 (-74.6%), from €13,016 to €3,300
- Taxes -€2,871
down €2,871, from €2,849 to -€22
- Other operating charges +€604
up €604 (+40.3%), from €1,498 to €2,102
- Financial charges -€284
down €284 (-4.6%), from €6,237 to €5,953
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 | €471,257 | €473,643 | +€2,386 | +0.5% |
| Fixed assets | 21/28 | €6,636 | €5,936 | -€700 | -10.5% |
| Tangible fixed assets | 22/27 | €6,214 | €5,514 | -€700 | -11.3% |
| Plant, machinery and equipment | 23 | €6,214 | €5,514 | -€700 | -11.3% |
| Financial fixed assets | 28 | €423 | €423 | = | 0.0% |
| Current assets | 29/58 | €464,621 | €467,706 | +€3,086 | +0.7% |
| Stocks and contracts in progress | 3 | €450,800 | €458,900 | +€8,100 | +1.8% |
| Stocks | 30/36 | €450,800 | €458,900 | +€8,100 | +1.8% |
| Amounts receivable within one year | 40/41 | €4,946 | €6,389 | +€1,443 | +29.2% |
| Trade receivables | 40 | €299 | €3,889 | +€3,590 | +1200.7% |
| Other amounts receivable | 41 | €4,647 | €2,500 | -€2,147 | -46.2% |
| Cash at bank and in hand | 54/58 | €3,000 | €2,008 | -€992 | -33.1% |
| Deferred charges and accrued income | 490/1 | €5,874 | €410 | -€5,465 | -93.0% |
| Total equity and liabilities | 10/49 | €471,257 | €473,643 | +€2,386 | +0.5% |
| Equity | 10/15 | €142,957 | €137,525 | -€5,433 | -3.8% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €130,563 | €125,130 | -€5,433 | -4.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €128,703 | €123,271 | -€5,433 | -4.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €328,300 | €336,118 | +€7,818 | +2.4% |
| Amounts payable within one year | 42/48 | €328,300 | €336,118 | +€7,818 | +2.4% |
| Financial debts | 43 | €11,130 | €43,178 | +€32,048 | +287.9% |
| Credit institutions | 430/8 | €11,130 | €43,178 | +€32,048 | +287.9% |
| Trade debts | 44 | €295,820 | €269,740 | -€26,080 | -8.8% |
| Suppliers | 440/4 | €295,820 | €269,740 | -€26,080 | -8.8% |
| Taxes, remuneration and social security | 45 | €12,877 | €14,727 | +€1,850 | +14.4% |
| Taxes | 450/3 | €11,540 | €9,309 | -€2,231 | -19.3% |
| Remuneration and social security | 454/9 | €1,337 | €5,418 | +€4,081 | +305.3% |
| Other amounts payable | 47/48 | €8,473 | €8,473 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700 | €700 | = | 0.0% |
| Other operating charges | 640/8 | €1,498 | €2,102 | +€604 | +40.3% |
| Gross operating margin | 9900 | €13,016 | €3,300 | -€9,715 | -74.6% |
| Operating profit (loss) | 9901 | €10,817 | €498 | -€10,319 | -95.4% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €6,237 | €5,953 | -€284 | -4.6% |
| Recurring financial charges | 65 | €6,237 | €5,953 | -€284 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €4,583 | -€5,455 | -€10,038 | |
| Income taxes | 67/77 | €2,849 | -€22 | -€2,871 | |
| Profit (loss) for the period | 9904 | €1,735 | -€5,433 | -€7,167 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,735 | -€5,433 | -€7,167 |
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.