DONJON Management: 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.
DONJON Management
Largest movements
- Receivables within one year -€60,917
down €60,917 (-76.3%), from €79,850 to €18,933
of which Other amounts receivable: -€46,520
- Financial fixed assets -€24,440
down €24,440 (-92.4%), from €26,440 to €2,000
- Tangible fixed assets -€14,191
down €14,191 (-3.8%), from €370,050 to €355,859
of which Land and buildings: -€10,552
- Reserves -€42,065
no longer reported in 2025 (was €42,065)
- Profit (loss) carried forward -€28,818
new in 2025: -€28,818
- Debts after one year -€18,016
down €18,016 (-6.3%), from €287,785 to €269,769
- Other debts -€14,690
down €14,690 (-13.9%), from €106,017 to €91,326
- Gross operating margin -€12,284
down €12,284 (-47.6%), from -€25,801 to -€38,085
- Financial charges -€3,392
down €3,392 (-17.9%), from €18,997 to €15,606
- Depreciation -€2,353
down €2,353 (-14.2%), from €16,543 to €14,191
- Other operating charges +€1,647
up €1,647 (+127%), from €1,292 to €2,939
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 | €501,386 | €402,087 | -€99,299 | -19.8% |
| Fixed assets | 21/28 | €396,490 | €357,859 | -€38,631 | -9.7% |
| Tangible fixed assets | 22/27 | €370,050 | €355,859 | -€14,191 | -3.8% |
| Land and buildings | 22 | €363,257 | €352,706 | -€10,552 | -2.9% |
| Furniture and vehicles | 24 | €6,793 | €3,153 | -€3,639 | -53.6% |
| Financial fixed assets | 28 | €26,440 | €2,000 | -€24,440 | -92.4% |
| Current assets | 29/58 | €104,895 | €44,228 | -€60,667 | -57.8% |
| Amounts receivable within one year | 40/41 | €79,850 | €18,933 | -€60,917 | -76.3% |
| Trade receivables | 40 | €15,000 | €603 | -€14,397 | -96.0% |
| Other amounts receivable | 41 | €64,850 | €18,330 | -€46,520 | -71.7% |
| Cash at bank and in hand | 54/58 | €4,982 | €9,284 | +€4,302 | +86.4% |
| Deferred charges and accrued income | 490/1 | €20,064 | €16,011 | -€4,052 | -20.2% |
| Total equity and liabilities | 10/49 | €501,386 | €402,087 | -€99,299 | -19.8% |
| Equity | 10/15 | €60,615 | -€10,268 | -€70,883 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €42,065 | - | -€42,065 | |
| Distributable reserves | 133 | €42,065 | - | -€42,065 | |
| Profit (loss) carried forward | 14 | - | -€28,818 | -€28,818 | |
| Amounts payable | 17/49 | €440,771 | €412,355 | -€28,416 | -6.4% |
| Amounts payable after more than one year | 17 | €287,785 | €269,769 | -€18,016 | -6.3% |
| Financial debts | 170/4 | €287,785 | €269,769 | -€18,016 | -6.3% |
| Amounts payable within one year | 42/48 | €151,716 | €142,586 | -€9,130 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €17,319 | €18,016 | +€697 | +4.0% |
| Trade debts | 44 | €24,980 | €25,100 | +€120 | +0.5% |
| Suppliers | 440/4 | €24,980 | €25,100 | +€120 | +0.5% |
| Taxes, remuneration and social security | 45 | €3,400 | €8,144 | +€4,744 | +140% |
| Taxes | 450/3 | €3,400 | €8,144 | +€4,744 | +140% |
| Other amounts payable | 47/48 | €106,017 | €91,326 | -€14,690 | -13.9% |
| Accrued charges and deferred income | 492/3 | €1,270 | - | -€1,270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,543 | €14,191 | -€2,353 | -14.2% |
| Other operating charges | 640/8 | €1,292 | €2,939 | +€1,647 | +127% |
| Gross operating margin | 9900 | -€25,801 | -€38,085 | -€12,284 | -47.6% |
| Operating profit (loss) | 9901 | -€43,637 | -€55,215 | -€11,578 | -26.5% |
| Financial income | 75/76B | €1,076 | €1,113 | +€36 | +3.4% |
| Recurring financial income | 75 | €1,076 | €1,113 | +€36 | +3.4% |
| Financial charges | 65/66B | €18,997 | €15,606 | -€3,392 | -17.9% |
| Recurring financial charges | 65 | €18,997 | €15,606 | -€3,392 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€61,558 | -€69,708 | -€8,150 | -13.2% |
| Income taxes | 67/77 | €1,097 | €1,175 | +€78 | +7.1% |
| Profit (loss) for the period | 9904 | -€62,655 | -€70,883 | -€8,228 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,655 | -€70,883 | -€8,228 | -13.1% |
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.