DONEUX Philippe: 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.
DONEUX Philippe
Largest movements
- Stocks and contracts -€10,415
down €10,415 (-37.0%), from €28,163 to €17,748
- Receivables within one year +€7,186
up €7,186 (+10.6%), from €67,938 to €75,123
of which Trade receivables: +€5,472
- Cash -€5,684
down €5,684 (-49.5%), from €11,483 to €5,800
mainly Investment in fixed assets (net) (-€15,878) and Trade debts (-€11,437)
- Tangible fixed assets +€4,345
up €4,345 (+17.6%), from €24,658 to €29,003
of which Land and buildings: +€9,818
- Trade debts -€11,437
down €11,437 (-31.3%), from €36,563 to €25,127
- Other debts +€9,052
up €9,052 (+35.5%), from €25,496 to €34,548
- Current portion of long-term debt -€4,433
no longer reported in 2025 (was €4,433)
- Profit (loss) carried forward +€3,853
up €3,853 (+12.7%), from €30,386 to €34,239
- Tax, wage and social debts -€1,777
no longer reported in 2025 (was €1,777)
of which Remuneration and social security: -€1,447
- Gross operating margin -€11,390
down €11,390 (-47.9%), from €23,803 to €12,413
- Depreciation -€9,989
down €9,989 (-46.4%), from €21,522 to €11,533
- Financial income +€1,438
up €1,438 (+893%), from €161 to €1,599
- Staff costs +€1,388
up €1,388 (+178%), from €782 to €2,170
- Taxes +€1,373
new in 2025: €1,373
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 | €134,599 | €129,858 | -€4,741 | -3.5% |
| Fixed assets | 21/28 | €26,468 | €30,813 | +€4,345 | +16.4% |
| Tangible fixed assets | 22/27 | €24,658 | €29,003 | +€4,345 | +17.6% |
| Land and buildings | 22 | €10,387 | €20,205 | +€9,818 | +94.5% |
| Plant, machinery and equipment | 23 | €12,620 | €8,249 | -€4,371 | -34.6% |
| Furniture and vehicles | 24 | €1,651 | €549 | -€1,102 | -66.7% |
| Financial fixed assets | 28 | €1,810 | €1,810 | = | 0.0% |
| Current assets | 29/58 | €108,131 | €99,045 | -€9,086 | -8.4% |
| Stocks and contracts in progress | 3 | €28,163 | €17,748 | -€10,415 | -37.0% |
| Stocks | 30/36 | €28,163 | €17,748 | -€10,415 | -37.0% |
| Amounts receivable within one year | 40/41 | €67,938 | €75,123 | +€7,186 | +10.6% |
| Trade receivables | 40 | €64,417 | €69,889 | +€5,472 | +8.5% |
| Other amounts receivable | 41 | €3,521 | €5,234 | +€1,714 | +48.7% |
| Cash at bank and in hand | 54/58 | €11,483 | €5,800 | -€5,684 | -49.5% |
| Deferred charges and accrued income | 490/1 | €548 | €375 | -€173 | -31.6% |
| Total equity and liabilities | 10/49 | €134,599 | €129,858 | -€4,741 | -3.5% |
| Equity | 10/15 | €66,331 | €70,184 | +€3,853 | +5.8% |
| Contributions | 10/11 | €35,945 | €35,945 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,386 | €34,239 | +€3,853 | +12.7% |
| Amounts payable | 17/49 | €68,269 | €59,674 | -€8,594 | -12.6% |
| Amounts payable within one year | 42/48 | €68,269 | €59,674 | -€8,594 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €4,433 | - | -€4,433 | |
| Trade debts | 44 | €36,563 | €25,127 | -€11,437 | -31.3% |
| Suppliers | 440/4 | €36,563 | €25,127 | -€11,437 | -31.3% |
| Taxes, remuneration and social security | 45 | €1,777 | - | -€1,777 | |
| Taxes | 450/3 | €330 | - | -€330 | |
| Remuneration and social security | 454/9 | €1,447 | - | -€1,447 | |
| Other amounts payable | 47/48 | €25,496 | €34,548 | +€9,052 | +35.5% |
| Remuneration, social security and pensions | 62 | €782 | €2,170 | +€1,388 | +178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,522 | €11,533 | -€9,989 | -46.4% |
| Other operating charges | 640/8 | €1,258 | €1,375 | +€117 | +9.3% |
| Gross operating margin | 9900 | €23,803 | €12,413 | -€11,390 | -47.9% |
| Operating profit (loss) | 9901 | €241 | -€2,666 | -€2,906 | |
| Financial income | 75/76B | €161 | €1,599 | +€1,438 | +893% |
| Recurring financial income | 75 | €161 | €1,599 | +€1,438 | +893% |
| Financial charges | 65/66B | €2,185 | €1,579 | -€607 | -27.8% |
| Recurring financial charges | 65 | €2,185 | €1,579 | -€607 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,783 | -€2,645 | -€862 | -48.3% |
| Income taxes | 67/77 | - | €1,373 | +€1,373 | |
| Profit (loss) for the period | 9904 | -€1,783 | -€4,018 | -€2,234 | -125% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,783 | -€4,018 | -€2,234 | -125% |
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 15 October 2026 via checked.be.