DONNAY: 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.
DONNAY
Largest movements
- Stocks and contracts -€1.2m
down €1.2m (-78.5%), from €1.6m to €334,747
- Cash +€180,166
up €180,166 (+30.8%), from €584,339 to €764,505
mainly Stocks and contracts (+€1.2m) and Net result for the year (+€207,085)
- Trade debts -€893,056
down €893,056 (-77.0%), from €1.2m to €266,933
- Other debts -€250,000
no longer reported in 2025 (was €250,000)
- Profit (loss) carried forward +€207,085
up €207,085 (+26.1%), from €794,070 to €1.0m
- Tax, wage and social debts -€67,778
down €67,778 (-80.4%), from €84,283 to €16,504
of which Remuneration and social security: -€51,004
- Gross operating margin -€132,187
down €132,187 (-13.0%), from €1.0m to €883,377
- Taxes -€32,673
down €32,673 (-30.8%), from €106,046 to €73,373
- Other operating charges -€10,734
down €10,734 (-44.5%), from €24,138 to €13,405
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 | €2,405,991 | €1,402,241 | -€1.0m | -41.7% |
| Fixed assets | 21/28 | €137,122 | €159,144 | +€22,022 | +16.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €132,122 | €154,144 | +€22,022 | +16.7% |
| Land and buildings | 22 | €9,704 | €8,312 | -€1,391 | -14.3% |
| Plant, machinery and equipment | 23 | €18,260 | €14,715 | -€3,545 | -19.4% |
| Furniture and vehicles | 24 | €45,433 | €89,547 | +€44,114 | +97.1% |
| Other tangible fixed assets | 26 | €58,725 | €41,569 | -€17,156 | -29.2% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €2,268,870 | €1,243,098 | -€1.0m | -45.2% |
| Stocks and contracts in progress | 3 | €1,558,903 | €334,747 | -€1.2m | -78.5% |
| Stocks | 30/36 | €1,558,903 | €334,747 | -€1.2m | -78.5% |
| Amounts receivable within one year | 40/41 | €124,188 | €133,440 | +€9,253 | +7.5% |
| Trade receivables | 40 | €66,001 | €93,441 | +€27,439 | +41.6% |
| Other amounts receivable | 41 | €58,187 | €40,000 | -€18,187 | -31.3% |
| Cash at bank and in hand | 54/58 | €584,339 | €764,505 | +€180,166 | +30.8% |
| Deferred charges and accrued income | 490/1 | €1,440 | €10,406 | +€8,966 | +622.8% |
| Total equity and liabilities | 10/49 | €2,405,991 | €1,402,241 | -€1.0m | -41.7% |
| Equity | 10/15 | €911,720 | €1,118,804 | +€207,085 | +22.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €56,150 | €56,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €794,070 | €1,001,154 | +€207,085 | +26.1% |
| Amounts payable | 17/49 | €1,494,272 | €283,437 | -€1.2m | -81.0% |
| Amounts payable within one year | 42/48 | €1,494,272 | €283,437 | -€1.2m | -81.0% |
| Trade debts | 44 | €1,159,989 | €266,933 | -€893,056 | -77.0% |
| Suppliers | 440/4 | €1,159,989 | €266,933 | -€893,056 | -77.0% |
| Taxes, remuneration and social security | 45 | €84,283 | €16,504 | -€67,778 | -80.4% |
| Taxes | 450/3 | €17,150 | €376 | -€16,774 | -97.8% |
| Remuneration and social security | 454/9 | €67,132 | €16,129 | -€51,004 | -76.0% |
| Other amounts payable | 47/48 | €250,000 | - | -€250,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,146 | €4,251 | -€1,894 | -30.8% |
| Remuneration, social security and pensions | 62 | €532,975 | €539,873 | +€6,898 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,063 | €40,793 | +€3,730 | +10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €776 | - | -€776 | |
| Other operating charges | 640/8 | €24,138 | €13,405 | -€10,734 | -44.5% |
| Non-recurring operating charges | 66A | €5,993 | - | -€5,993 | |
| Gross operating margin | 9900 | €1,015,564 | €883,377 | -€132,187 | -13.0% |
| Operating profit (loss) | 9901 | €414,619 | €289,307 | -€125,312 | -30.2% |
| Financial income | 75/76B | €63 | €0 | -€63 | -100.0% |
| Recurring financial income | 75 | €63 | €0 | -€63 | -100.0% |
| Financial charges | 65/66B | €4,245 | €8,849 | +€4,604 | +108.5% |
| Recurring financial charges | 65 | €4,245 | €8,849 | +€4,604 | +108.5% |
| Profit (loss) for the period before taxes | 9903 | €410,437 | €280,457 | -€129,979 | -31.7% |
| Income taxes | 67/77 | €106,046 | €73,373 | -€32,673 | -30.8% |
| Profit (loss) for the period | 9904 | €304,391 | €207,085 | -€97,306 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €304,391 | €207,085 | -€97,306 | -32.0% |
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 1 October 2026 via checked.be.