DONCKERWOLCKE: 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.
DONCKERWOLCKE
Largest movements
- Tangible fixed assets -€36,842
down €36,842 (-1.2%), from €3.0m to €2.9m
of which Land and buildings: -€25,593
- Other debts -€77,857
down €77,857 (-7.5%), from €1.0m to €956,912
- Debts after one year -€60,308
down €60,308 (-5.7%), from €1.1m to €995,327
of which Financial debts: -€65,693
- Accrued charges and deferred income +€46,747
up €46,747 (+21.5%), from €217,435 to €264,182
- Gross operating margin -€53,883
down €53,883 (-18.7%), from €288,267 to €234,385
- Taxes -€16,573
down €16,573 (-51.2%), from €32,368 to €15,795
- Financial charges -€3,119
down €3,119 (-3.9%), from €81,021 to €77,901
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 | €3,129,687 | €3,068,395 | -€61,292 | -2.0% |
| Fixed assets | 21/28 | €2,960,701 | €2,923,860 | -€36,842 | -1.2% |
| Tangible fixed assets | 22/27 | €2,960,701 | €2,923,860 | -€36,842 | -1.2% |
| Land and buildings | 22 | €2,128,324 | €2,102,730 | -€25,593 | -1.2% |
| Furniture and vehicles | 24 | €33,406 | €22,158 | -€11,248 | -33.7% |
| Other tangible fixed assets | 26 | €798,972 | €798,972 | = | 0.0% |
| Current assets | 29/58 | €168,986 | €144,536 | -€24,450 | -14.5% |
| Stocks and contracts in progress | 3 | €5,578 | €5,578 | = | 0.0% |
| Contracts in progress | 37 | €5,578 | €5,578 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,319 | €36,837 | -€9,482 | -20.5% |
| Other amounts receivable | 41 | €46,319 | €36,837 | -€9,482 | -20.5% |
| Cash at bank and in hand | 54/58 | €117,089 | €102,121 | -€14,968 | -12.8% |
| Total equity and liabilities | 10/49 | €3,129,687 | €3,068,395 | -€61,292 | -2.0% |
| Equity | 10/15 | €748,592 | €779,612 | +€31,020 | +4.1% |
| Contributions | 10/11 | €119,000 | €119,000 | = | 0.0% |
| Capital | 10 | €119,000 | €119,000 | = | 0.0% |
| Issued capital | 100 | €119,000 | €119,000 | = | 0.0% |
| Reserves | 13 | €629,592 | €660,612 | +€31,020 | +4.9% |
| Non-distributable reserves | 130/1 | €19,404 | €19,404 | = | 0.0% |
| Legal reserve | 130 | €19,404 | €19,404 | = | 0.0% |
| Tax-exempt reserves | 132 | €548 | €548 | = | 0.0% |
| Distributable reserves | 133 | €609,640 | €640,660 | +€31,020 | +5.1% |
| Amounts payable | 17/49 | €2,381,096 | €2,288,783 | -€92,312 | -3.9% |
| Amounts payable after more than one year | 17 | €1,055,635 | €995,327 | -€60,308 | -5.7% |
| Financial debts | 170/4 | €1,017,780 | €952,087 | -€65,693 | -6.5% |
| Other amounts payable | 178/9 | €37,855 | €43,239 | +€5,385 | +14.2% |
| Amounts payable within one year | 42/48 | €1,108,025 | €1,029,275 | -€78,750 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €63,214 | €65,693 | +€2,479 | +3.9% |
| Trade debts | 44 | €10,042 | €6,670 | -€3,372 | -33.6% |
| Suppliers | 440/4 | €10,042 | €6,670 | -€3,372 | -33.6% |
| Other amounts payable | 47/48 | €1,034,770 | €956,912 | -€77,857 | -7.5% |
| Accrued charges and deferred income | 492/3 | €217,435 | €264,182 | +€46,747 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,830 | €62,511 | -€319 | -0.5% |
| Other operating charges | 640/8 | €45,587 | €47,156 | +€1,570 | +3.4% |
| Gross operating margin | 9900 | €288,267 | €234,385 | -€53,883 | -18.7% |
| Operating profit (loss) | 9901 | €179,850 | €124,717 | -€55,134 | -30.7% |
| Financial charges | 65/66B | €81,021 | €77,901 | -€3,119 | -3.9% |
| Recurring financial charges | 65 | €81,021 | €77,901 | -€3,119 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €98,830 | €46,815 | -€52,014 | -52.6% |
| Income taxes | 67/77 | €32,368 | €15,795 | -€16,573 | -51.2% |
| Profit (loss) for the period | 9904 | €66,462 | €31,020 | -€35,442 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,462 | €31,020 | -€35,442 | -53.3% |
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 12 October 2026 via checked.be.