DONNA: 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.
DONNA
Largest movements
- Tangible fixed assets -€38,413
down €38,413 (-31.8%), from €120,653 to €82,240
of which Plant, machinery and equipment: -€29,023
- Receivables within one year +€9,442
up €9,442 (+27.7%), from €34,148 to €43,590
of which Trade receivables: +€12,585
- Cash +€8,243
up €8,243 (+71.8%), from €11,481 to €19,724
mainly Depreciation (+€38,413) and Trade debts (+€1,268)
- Debts after one year -€19,500
down €19,500 (-21.5%), from €90,661 to €71,161
- Current portion of long-term debt -€2,500
down €2,500 (-11.4%), from €22,000 to €19,500
- Gross operating margin -€15,982
down €15,982 (-27.9%), from €57,373 to €41,392
- Depreciation -€5,821
down €5,821 (-13.2%), from €44,234 to €38,413
- Taxes -€2,934
down €2,934 (-99.2%), from €2,959 to €25
- Financial charges +€581
up €581 (+36.4%), from €1,594 to €2,175
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 | €173,327 | €152,182 | -€21,145 | -12.2% |
| Fixed assets | 21/28 | €120,653 | €82,240 | -€38,413 | -31.8% |
| Tangible fixed assets | 22/27 | €120,653 | €82,240 | -€38,413 | -31.8% |
| Plant, machinery and equipment | 23 | €102,803 | €73,780 | -€29,023 | -28.2% |
| Furniture and vehicles | 24 | €17,850 | €8,460 | -€9,390 | -52.6% |
| Current assets | 29/58 | €52,674 | €69,941 | +€17,268 | +32.8% |
| Amounts receivable within one year | 40/41 | €34,148 | €43,590 | +€9,442 | +27.7% |
| Trade receivables | 40 | €31,005 | €43,590 | +€12,585 | +40.6% |
| Other amounts receivable | 41 | €3,143 | €0 | -€3,143 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,481 | €19,724 | +€8,243 | +71.8% |
| Deferred charges and accrued income | 490/1 | €7,045 | €6,628 | -€417 | -5.9% |
| Total equity and liabilities | 10/49 | €173,327 | €152,182 | -€21,145 | -12.2% |
| Equity | 10/15 | €44,046 | €44,114 | +€68 | +0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €25,454 | €25,522 | +€68 | +0.3% |
| Distributable reserves | 133 | €25,454 | €25,522 | +€68 | +0.3% |
| Amounts payable | 17/49 | €129,281 | €108,067 | -€21,213 | -16.4% |
| Amounts payable after more than one year | 17 | €90,661 | €71,161 | -€19,500 | -21.5% |
| Financial debts | 170/4 | €90,661 | €71,161 | -€19,500 | -21.5% |
| Amounts payable within one year | 42/48 | €38,619 | €36,906 | -€1,713 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €22,000 | €19,500 | -€2,500 | -11.4% |
| Trade debts | 44 | €629 | €1,897 | +€1,268 | +201.6% |
| Suppliers | 440/4 | €629 | €1,897 | +€1,268 | +201.6% |
| Taxes, remuneration and social security | 45 | €2,959 | €3,947 | +€989 | +33.4% |
| Taxes | 450/3 | €2,959 | €3,947 | +€989 | +33.4% |
| Other amounts payable | 47/48 | €13,032 | €11,561 | -€1,470 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,234 | €38,413 | -€5,821 | -13.2% |
| Other operating charges | 640/8 | €690 | €711 | +€21 | +3.1% |
| Gross operating margin | 9900 | €57,373 | €41,392 | -€15,982 | -27.9% |
| Operating profit (loss) | 9901 | €12,450 | €2,267 | -€10,182 | -81.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €1,594 | €2,175 | +€581 | +36.4% |
| Recurring financial charges | 65 | €1,594 | €2,175 | +€581 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €10,857 | €93 | -€10,764 | -99.1% |
| Income taxes | 67/77 | €2,959 | €25 | -€2,934 | -99.2% |
| Profit (loss) for the period | 9904 | €7,899 | €68 | -€7,830 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,899 | €68 | -€7,830 | -99.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 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.