DONCKELS: 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.
DONCKELS
Largest movements
- Current investments +€50,000
up €50,000 (+12.5%), from €400,000 to €450,000
- Tangible fixed assets -€10,885
down €10,885 (-18.9%), from €57,561 to €46,676
of which Land and buildings: -€10,614
- Reserves +€38,518
up €38,518 (+28.3%), from €136,265 to €174,783
of which Distributable reserves: +€38,518
- Other debts -€8,921
down €8,921 (-3.7%), from €239,255 to €230,334
- Short-term financial debts +€7,500
new in 2025: €7,500
- Tax, wage and social debts -€5,253
down €5,253 (-48.4%), from €10,858 to €5,605
- Gross operating margin +€6,766
up €6,766 (+9.9%), from €68,514 to €75,280
- Financial income +€3,028
up €3,028 (+29.6%), from €10,223 to €13,251
- Financial charges +€1,439
up €1,439 (+14.3%), from €10,046 to €11,485
- Taxes +€1,182
up €1,182 (+6.0%), from €19,766 to €20,948
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 | €470,775 | €506,598 | +€35,823 | +7.6% |
| Fixed assets | 21/28 | €57,561 | €46,676 | -€10,885 | -18.9% |
| Tangible fixed assets | 22/27 | €57,561 | €46,676 | -€10,885 | -18.9% |
| Land and buildings | 22 | €55,023 | €44,409 | -€10,614 | -19.3% |
| Plant, machinery and equipment | 23 | €638 | €317 | -€321 | -50.3% |
| Furniture and vehicles | 24 | €1,900 | €1,950 | +€50 | +2.6% |
| Current assets | 29/58 | €413,214 | €459,922 | +€46,708 | +11.3% |
| Amounts receivable within one year | 40/41 | €8,073 | €4,300 | -€3,773 | -46.7% |
| Trade receivables | 40 | €8,073 | - | -€8,073 | |
| Other amounts receivable | 41 | - | €4,300 | +€4,300 | |
| Current investments | 50/53 | €400,000 | €450,000 | +€50,000 | +12.5% |
| Cash at bank and in hand | 54/58 | €4,175 | €4,722 | +€547 | +13.1% |
| Deferred charges and accrued income | 490/1 | €966 | €900 | -€66 | -6.8% |
| Total equity and liabilities | 10/49 | €470,775 | €506,598 | +€35,823 | +7.6% |
| Equity | 10/15 | €198,265 | €236,783 | +€38,518 | +19.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €136,265 | €174,783 | +€38,518 | +28.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €130,065 | €168,583 | +€38,518 | +29.6% |
| Amounts payable | 17/49 | €272,510 | €269,815 | -€2,695 | -1.0% |
| Amounts payable within one year | 42/48 | €261,834 | €257,782 | -€4,052 | -1.5% |
| Financial debts | 43 | - | €7,500 | +€7,500 | |
| Credit institutions | 430/8 | - | €7,500 | +€7,500 | |
| Trade debts | 44 | €11,721 | €14,343 | +€2,622 | +22.4% |
| Suppliers | 440/4 | €11,721 | €14,343 | +€2,622 | +22.4% |
| Taxes, remuneration and social security | 45 | €10,858 | €5,605 | -€5,253 | -48.4% |
| Taxes | 450/3 | €10,858 | €5,605 | -€5,253 | -48.4% |
| Other amounts payable | 47/48 | €239,255 | €230,334 | -€8,921 | -3.7% |
| Accrued charges and deferred income | 492/3 | €10,676 | €12,033 | +€1,357 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,151 | €11,743 | +€592 | +5.3% |
| Other operating charges | 640/8 | €4,017 | €4,171 | +€154 | +3.8% |
| Gross operating margin | 9900 | €68,514 | €75,280 | +€6,766 | +9.9% |
| Operating profit (loss) | 9901 | €53,346 | €59,366 | +€6,020 | +11.3% |
| Financial income | 75/76B | €10,223 | €13,251 | +€3,028 | +29.6% |
| Recurring financial income | 75 | €10,223 | €13,251 | +€3,028 | +29.6% |
| Financial charges | 65/66B | €10,046 | €11,485 | +€1,439 | +14.3% |
| Recurring financial charges | 65 | €10,046 | €11,485 | +€1,439 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €53,523 | €61,132 | +€7,609 | +14.2% |
| Income taxes | 67/77 | €19,766 | €20,948 | +€1,182 | +6.0% |
| Profit (loss) for the period | 9904 | €33,757 | €40,184 | +€6,427 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,757 | €40,184 | +€6,427 | +19.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.