DONCK LIESBETH: 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.
DONCK LIESBETH
Largest movements
- Cash +€683,690
up €683,690 (+464%), from €147,317 to €831,007
mainly Current investments (+€500,000) and Net result for the year (+€161,275)
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Reserves +€161,275
up €161,275 (+27.1%), from €594,867 to €756,141
- Tax, wage and social debts +€17,878
up €17,878 (+177%), from €10,076 to €27,954
- Gross operating margin +€37,246
up €37,246 (+18.9%), from €196,641 to €233,887
- Financial income -€8,914
down €8,914 (-53.6%), from €16,640 to €7,726
- Taxes +€8,024
up €8,024 (+13.0%), from €61,782 to €69,806
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.
Derived cash bridge
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 | €673,466 | €849,891 | +€176,425 | +26.2% |
| Fixed assets | 21/28 | €14,342 | €15,201 | +€858 | +6.0% |
| Tangible fixed assets | 22/27 | €14,342 | €15,201 | +€858 | +6.0% |
| Plant, machinery and equipment | 23 | €962 | €1,726 | +€764 | +79.5% |
| Furniture and vehicles | 24 | €2,807 | €1,992 | -€815 | -29.0% |
| Other tangible fixed assets | 26 | €10,574 | €11,482 | +€909 | +8.6% |
| Current assets | 29/58 | €659,124 | €834,690 | +€175,566 | +26.6% |
| Amounts receivable within one year | 40/41 | €1,852 | - | -€1,852 | |
| Trade receivables | 40 | €1,852 | - | -€1,852 | |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €147,317 | €831,007 | +€683,690 | +464% |
| Deferred charges and accrued income | 490/1 | €9,954 | €3,683 | -€6,271 | -63.0% |
| Total equity and liabilities | 10/49 | €673,466 | €849,891 | +€176,425 | +26.2% |
| Equity | 10/15 | €607,267 | €768,541 | +€161,275 | +26.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €594,867 | €756,141 | +€161,275 | +27.1% |
| Distributable reserves | 133 | €594,867 | €756,141 | +€161,275 | +27.1% |
| Amounts payable | 17/49 | €66,199 | €81,349 | +€15,150 | +22.9% |
| Amounts payable within one year | 42/48 | €62,896 | €79,444 | +€16,548 | +26.3% |
| Financial debts | 43 | €12,707 | €12,645 | -€62 | -0.5% |
| Credit institutions | 430/8 | €12,707 | €12,645 | -€62 | -0.5% |
| Trade debts | 44 | €810 | €266 | -€544 | -67.1% |
| Suppliers | 440/4 | €810 | €266 | -€544 | -67.1% |
| Taxes, remuneration and social security | 45 | €10,076 | €27,954 | +€17,878 | +177% |
| Taxes | 450/3 | €10,076 | €27,954 | +€17,878 | +177% |
| Other amounts payable | 47/48 | €39,304 | €38,579 | -€725 | -1.8% |
| Accrued charges and deferred income | 492/3 | €3,303 | €1,906 | -€1,398 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,555 | €3,343 | +€789 | +30.9% |
| Other operating charges | 640/8 | €2,192 | €2,237 | +€46 | +2.1% |
| Gross operating margin | 9900 | €196,641 | €233,887 | +€37,246 | +18.9% |
| Operating profit (loss) | 9901 | €191,894 | €228,306 | +€36,412 | +19.0% |
| Financial income | 75/76B | €16,640 | €7,726 | -€8,914 | -53.6% |
| Recurring financial income | 75 | €16,640 | €7,726 | -€8,914 | -53.6% |
| Financial charges | 65/66B | €2,945 | €4,951 | +€2,006 | +68.1% |
| Recurring financial charges | 65 | €2,945 | €4,951 | +€2,006 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €205,589 | €231,081 | +€25,493 | +12.4% |
| Income taxes | 67/77 | €61,782 | €69,806 | +€8,024 | +13.0% |
| Profit (loss) for the period | 9904 | €143,807 | €161,275 | +€17,468 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €143,807 | €161,275 | +€17,468 | +12.1% |
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 20 October 2026 via checked.be.