DONKERS STEFAN: 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.
DONKERS STEFAN
Largest movements
- Tangible fixed assets -€26,604
down €26,604 (-7.4%), from €360,194 to €333,590
of which Land and buildings: -€14,464
- Reserves -€76,660
down €76,660 (-36.3%), from €210,963 to €134,304
- Profit (loss) carried forward +€68,808
up €68,808 (+76.1%), from -€90,377 to -€21,570
- Provisions -€17,363
down €17,363 (-28.0%), from €62,079 to €44,717
- Gross operating margin +€9,940
up €9,940, from -€6,442 to €3,498
- Depreciation +€1,801
up €1,801 (+7.3%), from €24,803 to €26,604
- Other operating charges +€1,073
up €1,073 (+178%), from €602 to €1,675
- Financial charges +€204
up €204 (+387%), from €53 to €257
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 | €362,974 | €339,027 | -€23,946 | -6.6% |
| Fixed assets | 21/28 | €360,194 | €333,590 | -€26,604 | -7.4% |
| Tangible fixed assets | 22/27 | €360,194 | €333,590 | -€26,604 | -7.4% |
| Land and buildings | 22 | €335,623 | €321,159 | -€14,464 | -4.3% |
| Plant, machinery and equipment | 23 | €867 | €499 | -€369 | -42.5% |
| Furniture and vehicles | 24 | €23,703 | €11,932 | -€11,771 | -49.7% |
| Current assets | 29/58 | €2,780 | €5,437 | +€2,658 | +95.6% |
| Amounts receivable within one year | 40/41 | €605 | €681 | +€75 | +12.4% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €605 | €681 | +€75 | +12.4% |
| Cash at bank and in hand | 54/58 | €2,174 | €4,757 | +€2,582 | +119% |
| Total equity and liabilities | 10/49 | €362,974 | €339,027 | -€23,946 | -6.6% |
| Equity | 10/15 | €132,986 | €125,134 | -€7,852 | -5.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €210,963 | €134,304 | -€76,660 | -36.3% |
| Tax-exempt reserves | 132 | €210,963 | €134,304 | -€76,660 | -36.3% |
| Profit (loss) carried forward | 14 | -€90,377 | -€21,570 | +€68,808 | +76.1% |
| Provisions and deferred taxes | 16 | €62,079 | €44,717 | -€17,363 | -28.0% |
| Deferred taxes | 168 | €62,079 | €44,717 | -€17,363 | -28.0% |
| Amounts payable | 17/49 | €167,908 | €169,177 | +€1,268 | +0.8% |
| Amounts payable within one year | 42/48 | €167,908 | €169,177 | +€1,268 | +0.8% |
| Trade debts | 44 | €2,208 | €2,484 | +€276 | +12.5% |
| Suppliers | 440/4 | €2,208 | €2,484 | +€276 | +12.5% |
| Taxes, remuneration and social security | 45 | €194 | €370 | +€177 | +91.3% |
| Taxes | 450/3 | €194 | €370 | +€177 | +91.3% |
| Other amounts payable | 47/48 | €165,507 | €166,322 | +€815 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,803 | €26,604 | +€1,801 | +7.3% |
| Other operating charges | 640/8 | €602 | €1,675 | +€1,073 | +178% |
| Gross operating margin | 9900 | -€6,442 | €3,498 | +€9,940 | |
| Operating profit (loss) | 9901 | -€31,846 | -€24,781 | +€7,065 | +22.2% |
| Financial charges | 65/66B | €53 | €257 | +€204 | +387% |
| Recurring financial charges | 65 | €53 | €257 | +€204 | +387% |
| Profit (loss) for the period before taxes | 9903 | -€31,899 | -€25,038 | +€6,861 | +21.5% |
| Transfer from deferred taxes | 780 | €6,606 | €17,363 | +€10,757 | +163% |
| Income taxes | 67/77 | €194 | €177 | -€17 | -8.7% |
| Profit (loss) for the period | 9904 | -€25,487 | -€7,852 | +€17,635 | +69.2% |
| Transfer from tax-exempt reserves | 789 | €2,202 | €76,660 | +€74,458 | +3,381% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,285 | €68,808 | +€92,093 |
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 26 October 2026 via checked.be.