Donkey: what changed
Two fiscal 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.
Donkey
Largest movements
- Receivables within one year +€74,863
up €74,863 (+162.8%), from €45,987 to €120,850
of which Other amounts receivable: +€99,810
- Cash -€23,818
down €23,818 (-33.8%), from €70,504 to €46,686
- Debts after one year +€87,276
up €87,276 (+27.6%), from €315,719 to €402,995
- Other debts +€30,000
new in 2025: €30,000
- Current portion of long-term debt -€25,371
down €25,371 (-100.0%), from €25,371 to €0
- Short-term financial debts -€19,845
down €19,845 (-59.6%), from €33,309 to €13,465
- Profit (loss) carried forward -€18,231
down €18,231 (-100.0%), from €18,231 to €0
- Financial income +€466,415
up €466,415 (+485.8%), from €96,000 to €562,415
- Gross operating margin -€96,804
down €96,804, from €88,512 to -€8,292
- Taxes -€20,925
down €20,925, from €20,266 to -€659
- Financial charges +€17,777
up €17,777 (+280.1%), from €6,347 to €24,124
- Other operating charges -€7,017
down €7,017 (-74.2%), from €9,453 to €2,436
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,166,491 | €1,219,151 | +€52,660 | +4.5% |
| Fixed assets | 21/28 | €1,050,000 | €1,050,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,050,000 | €1,050,000 | = | 0.0% |
| Current assets | 29/58 | €116,491 | €169,151 | +€52,660 | +45.2% |
| Amounts receivable within one year | 40/41 | €45,987 | €120,850 | +€74,863 | +162.8% |
| Trade receivables | 40 | €24,947 | €0 | -€24,947 | -100.0% |
| Other amounts receivable | 41 | €21,041 | €120,850 | +€99,810 | +474.4% |
| Cash at bank and in hand | 54/58 | €70,504 | €46,686 | -€23,818 | -33.8% |
| Deferred charges and accrued income | 490/1 | - | €1,615 | +€1,615 | |
| Total equity and liabilities | 10/49 | €1,166,491 | €1,219,151 | +€52,660 | +4.5% |
| Equity | 10/15 | €788,691 | €756,914 | -€31,778 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €751,860 | €738,314 | -€13,546 | -1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €750,000 | €738,314 | -€11,686 | -1.6% |
| Profit (loss) carried forward | 14 | €18,231 | €0 | -€18,231 | -100.0% |
| Amounts payable | 17/49 | €377,800 | €462,237 | +€84,437 | +22.3% |
| Amounts payable after more than one year | 17 | €315,719 | €402,995 | +€87,276 | +27.6% |
| Financial debts | 170/4 | €315,719 | €402,995 | +€87,276 | +27.6% |
| Amounts payable within one year | 42/48 | €59,481 | €43,727 | -€15,753 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €25,371 | €0 | -€25,371 | -100.0% |
| Financial debts | 43 | €33,309 | €13,465 | -€19,845 | -59.6% |
| Credit institutions | 430/8 | €33,309 | €13,465 | -€19,845 | -59.6% |
| Trade debts | 44 | - | €263 | +€263 | |
| Suppliers | 440/4 | - | €263 | +€263 | |
| Taxes, remuneration and social security | 45 | €800 | €0 | -€800 | -100.0% |
| Taxes | 450/3 | €800 | €0 | -€800 | -100.0% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €2,600 | €15,515 | +€12,915 | +496.7% |
| Other operating charges | 640/8 | €9,453 | €2,436 | -€7,017 | -74.2% |
| Gross operating margin | 9900 | €88,512 | -€8,292 | -€96,804 | |
| Operating profit (loss) | 9901 | €79,059 | -€10,728 | -€89,787 | |
| Financial income | 75/76B | €96,000 | €562,415 | +€466,415 | +485.8% |
| Recurring financial income | 75 | €96,000 | €562,415 | +€466,415 | +485.8% |
| Financial charges | 65/66B | €6,347 | €24,124 | +€17,777 | +280.1% |
| Recurring financial charges | 65 | €6,347 | €24,124 | +€17,777 | +280.1% |
| Profit (loss) for the period before taxes | 9903 | €168,712 | €527,563 | +€358,851 | +212.7% |
| Income taxes | 67/77 | €20,266 | -€659 | -€20,925 | |
| Profit (loss) for the period | 9904 | €148,446 | €528,222 | +€379,776 | +255.8% |
| Profit (loss) for the period to be appropriated | 9905 | €148,446 | €528,222 | +€379,776 | +255.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.