DONCK-WERBROUCK: 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-WERBROUCK
Largest movements
- Cash -€392,899
down €392,899 (-91.8%), from €428,140 to €35,241
mainly Investment in fixed assets (net) (-€302,496) and Debts after one year (-€84,918)
- Tangible fixed assets +€214,384
up €214,384 (+41.8%), from €512,284 to €726,668
of which Land and buildings: +€230,673
- Debts after one year -€84,918
down €84,918 (-8.8%), from €960,492 to €875,574
- Profit (loss) carried forward -€77,669
down €77,669 (-76.6%), from -€101,420 to -€179,088
- Other debts -€21,154
down €21,154 (-25.5%), from €82,894 to €61,740
- Gross operating margin +€51,053
up €51,053, from -€25,758 to €25,294
- Depreciation +€12,694
up €12,694 (+17.1%), from €74,169 to €86,863
- Staff costs -€4,520
down €4,520 (-100%), from €4,520 to €0
- Other operating charges +€1,100
up €1,100 (+16.0%), from €6,856 to €7,955
- Financial charges -€496
down €496 (-6.4%), from €7,741 to €7,245
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 | €992,133 | €816,553 | -€175,580 | -17.7% |
| Fixed assets | 21/28 | €512,284 | €727,918 | +€215,634 | +42.1% |
| Tangible fixed assets | 22/27 | €512,284 | €726,668 | +€214,384 | +41.8% |
| Land and buildings | 22 | €427,292 | €657,965 | +€230,673 | +54.0% |
| Plant, machinery and equipment | 23 | €778 | €475 | -€303 | -38.9% |
| Furniture and vehicles | 24 | €84,215 | €68,228 | -€15,987 | -19.0% |
| Financial fixed assets | 28 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €479,849 | €88,635 | -€391,214 | -81.5% |
| Amounts receivable within one year | 40/41 | €51,363 | €53,394 | +€2,031 | +4.0% |
| Trade receivables | 40 | €51,363 | €45,143 | -€6,220 | -12.1% |
| Other amounts receivable | 41 | €0 | €8,252 | +€8,252 | |
| Cash at bank and in hand | 54/58 | €428,140 | €35,241 | -€392,899 | -91.8% |
| Deferred charges and accrued income | 490/1 | €346 | €0 | -€346 | -100% |
| Total equity and liabilities | 10/49 | €992,133 | €816,553 | -€175,580 | -17.7% |
| Equity | 10/15 | -€88,018 | -€165,687 | -€77,669 | -88.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,202 | €7,202 | = | 0.0% |
| Distributable reserves | 133 | €7,202 | €7,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,420 | -€179,088 | -€77,669 | -76.6% |
| Amounts payable | 17/49 | €1,080,151 | €982,240 | -€97,911 | -9.1% |
| Amounts payable after more than one year | 17 | €960,492 | €875,574 | -€84,918 | -8.8% |
| Financial debts | 170/4 | €960,492 | €875,574 | -€84,918 | -8.8% |
| Amounts payable within one year | 42/48 | €119,659 | €106,665 | -€12,993 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €34,405 | €34,918 | +€513 | +1.5% |
| Trade debts | 44 | €591 | €7,574 | +€6,983 | +1,181% |
| Suppliers | 440/4 | €591 | €7,574 | +€6,983 | +1,181% |
| Taxes, remuneration and social security | 45 | €1,769 | €2,434 | +€665 | +37.6% |
| Taxes | 450/3 | €1,769 | €2,434 | +€665 | +37.6% |
| Other amounts payable | 47/48 | €82,894 | €61,740 | -€21,154 | -25.5% |
| Remuneration, social security and pensions | 62 | €4,520 | €0 | -€4,520 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,169 | €86,863 | +€12,694 | +17.1% |
| Other operating charges | 640/8 | €6,856 | €7,955 | +€1,100 | +16.0% |
| Non-recurring operating charges | 66A | €5,594 | €0 | -€5,594 | -100% |
| Gross operating margin | 9900 | -€25,758 | €25,294 | +€51,053 | |
| Operating profit (loss) | 9901 | -€116,897 | -€69,524 | +€47,374 | +40.5% |
| Financial income | 75/76B | €0 | €18 | +€18 | +61,500% |
| Recurring financial income | 75 | €0 | €18 | +€18 | +61,500% |
| Financial charges | 65/66B | €7,741 | €7,245 | -€496 | -6.4% |
| Recurring financial charges | 65 | €7,741 | €7,245 | -€496 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€124,638 | -€76,750 | +€47,888 | +38.4% |
| Income taxes | 67/77 | €852 | €919 | +€67 | +7.9% |
| Profit (loss) for the period | 9904 | -€125,490 | -€77,669 | +€47,821 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€125,490 | -€77,669 | +€47,821 | +38.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.