Donchestichting: 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.
What changed
Donchestichting
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · -€180,823+€2.3m
Equity
€56.1m
2024 · €54.1m+€2.1m
Cash
€871,135
2024 · €1.7m-€792,807
Balance sheet total
€60.1m
2024 · €58.9m+€1.2m
Largest movements
Assets
- Current investments +€2.9m
up €2.9m (+38.2%), from €7.6m to €10.5m
- Cash -€792,807
down €792,807 (-47.6%), from €1.7m to €871,135
mainly Current investments (-€2.9m) and Debts after one year (-€445,837)
Equity and liabilities
- Profit (loss) carried forward +€2.1m
up €2.1m (+32.8%), from -€6.5m to -€4.3m
Income statement
- Other operating charges -€1.1m
down €1.1m (-24.9%), from €4.2m to €3.2m
- Depreciation -€731,704
down €731,704 (-45.3%), from €1.6m to €883,995
- Turnover +€493,823
up €493,823 (+9.9%), from €5.0m to €5.5m
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.
Result 2024
-€180,823
Turnover
+€493,823
Services and other goods
-€26,256
Depreciation
+€731,704
Other operating charges
+€1.1m
Other operating items
+€52,478
Financial income
+€17,537
Financial charges
-€19,310
Result 2025
€2.1m
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.
From operations
+€3.0m
Investment
-€3.3m
Financing
-€511,930
Cash 2024
€1.7m
From operations (derived)
+€3.0m
Net result for the year
+€2.1m
Depreciation
+€883,995
Receivables within one year
+€420,000
Deferred charges and accrued income
-€16,652
Debts within one year
-€405,201
Accrued charges and deferred income
-€3,690
Investment (derived)
-€3.3m
Investment in fixed assets (net)
-€381,754
Current investments
-€2.9m
Financing
-€511,930
Debts after one year
-€445,837
Contributions, distributions and other
-€66,092
Cash 2025
€871,135
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,874,285 | €60,072,709 | +€1.2m | +2.0% |
| Fixed assets | 21/28 | €49,201,531 | €48,699,289 | -€502,241 | -1.0% |
| Tangible fixed assets | 22/27 | €49,201,531 | €48,699,289 | -€502,241 | -1.0% |
| Land and buildings | 22 | €49,130,988 | €48,228,520 | -€902,469 | -1.8% |
| Leasing and similar rights | 25 | €24 | €22 | -€2 | -6.9% |
| Assets under construction and advance payments | 27 | €70,518 | €470,747 | +€400,229 | +567.6% |
| Current assets | 29/58 | €9,672,755 | €11,373,420 | +€1.7m | +17.6% |
| Amounts receivable within one year | 40/41 | €422,176 | €2,176 | -€420,000 | -99.5% |
| Trade receivables | 40 | €2,176 | €2,176 | = | 0.0% |
| Other amounts receivable | 41 | €420,000 | - | -€420,000 | |
| Current investments | 50/53 | €7,581,172 | €10,477,993 | +€2.9m | +38.2% |
| Cash at bank and in hand | 54/58 | €1,663,942 | €871,135 | -€792,807 | -47.6% |
| Deferred charges and accrued income | 490/1 | €5,464 | €22,116 | +€16,652 | +304.8% |
| Total equity and liabilities | 10/49 | €58,874,285 | €60,072,709 | +€1.2m | +2.0% |
| Equity | 10/15 | €54,064,847 | €56,117,999 | +€2.1m | +3.8% |
| Contributions | 10/11 | €59,683,897 | €59,683,897 | = | 0.0% |
| Capital | 10 | €59,683,897 | €59,683,897 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,461,837 | -€4,342,593 | +€2.1m | +32.8% |
| Investment grants | 15 | €842,787 | €776,695 | -€66,092 | -7.8% |
| Amounts payable | 17/49 | €4,809,439 | €3,954,711 | -€854,728 | -17.8% |
| Amounts payable after more than one year | 17 | €3,798,297 | €3,352,459 | -€445,837 | -11.7% |
| Financial debts | 170/4 | €3,798,297 | €3,352,459 | -€445,837 | -11.7% |
| Credit institutions | 173 | €3,700,422 | €3,276,334 | -€424,087 | -11.5% |
| Other loans | 174 | €97,875 | €76,125 | -€21,750 | -22.2% |
| Amounts payable within one year | 42/48 | €1,005,547 | €600,345 | -€405,201 | -40.3% |
| Current portion of amounts payable after more than one year | 42 | €658,585 | €445,837 | -€212,747 | -32.3% |
| Trade debts | 44 | €155,440 | €154,508 | -€932 | -0.6% |
| Suppliers | 440/4 | €155,440 | €154,508 | -€932 | -0.6% |
| Accrued charges and deferred income | 492/3 | €5,596 | €1,906 | -€3,690 | -65.9% |
| Operating income | 70/76A | €5,626,101 | €6,172,403 | +€546,301 | +9.7% |
| Turnover | 70 | €5,012,778 | €5,506,602 | +€493,823 | +9.9% |
| Non-recurring operating income | 76A | €547,231 | €599,709 | +€52,478 | +9.6% |
| Operating charges | 60/66A | €5,854,334 | €4,098,795 | -€1.8m | -30.0% |
| Services and other goods | 61 | €20,854 | €47,110 | +€26,256 | +125.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,615,699 | €883,995 | -€731,704 | -45.3% |
| Other operating charges | 640/8 | €4,217,782 | €3,167,691 | -€1.1m | -24.9% |
| Operating profit (loss) | 9901 | -€228,233 | €2,073,607 | +€2.3m | |
| Financial income | 75/76B | €98,820 | €116,357 | +€17,537 | +17.7% |
| Recurring financial income | 75 | €98,820 | €116,357 | +€17,537 | +17.7% |
| Income from current assets | 751 | €98,820 | €116,357 | +€17,537 | +17.7% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €51,410 | €70,720 | +€19,310 | +37.6% |
| Recurring financial charges | 65 | €51,410 | €70,720 | +€19,310 | +37.6% |
| Debt charges | 650 | €88,765 | €69,758 | -€19,008 | -21.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€37,861 | - | +€37,861 | |
| Other financial charges | 652/9 | €507 | €962 | +€456 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | -€180,823 | €2,119,245 | +€2.3m | |
| Profit (loss) for the period | 9904 | -€180,823 | €2,119,245 | +€2.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€180,823 | €2,119,245 | +€2.3m |
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 5 October 2026 via checked.be.