DONNAY-MAN: 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.
DONNAY-MAN
Largest movements
- Financial fixed assets -€1.2m
down €1.2m (-100.0%), from €1.2m to €50
- Cash +€955,875
up €955,875 (+608%), from €157,141 to €1.1m
mainly Investment in fixed assets (net) (+€1.2m) and Other debts (+€283,746)
- Receivables within one year +€35,624
up €35,624 (+335%), from €10,648 to €46,272
of which Other amounts receivable: +€20,023
- Other debts +€283,746
up €283,746 (+145%), from €195,630 to €479,375
- Profit (loss) carried forward -€262,812
down €262,812 (-100%), from €262,812 to €0
- Debts after one year -€222,000
down €222,000 (-100%), from €222,000 to €0
- Financial charges +€273,905
up €273,905 (+278,670%), from €98 to €274,003
of which Non-recurring financial charges: +€274,003
- Taxes -€20,973
down €20,973 (-80.8%), from €25,949 to €4,977
- Gross operating margin +€12,612
up €12,612 (+105%), from €11,988 to €24,600
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 | €1,367,839 | €1,165,027 | -€202,812 | -14.8% |
| Fixed assets | 21/28 | €1,200,050 | €50 | -€1.2m | -100.0% |
| Financial fixed assets | 28 | €1,200,050 | €50 | -€1.2m | -100.0% |
| Current assets | 29/58 | €167,789 | €1,164,977 | +€997,188 | +594% |
| Amounts receivable within one year | 40/41 | €10,648 | €46,272 | +€35,624 | +335% |
| Trade receivables | 40 | €10,648 | €26,248 | +€15,600 | +147% |
| Other amounts receivable | 41 | €0 | €20,023 | +€20,023 | |
| Cash at bank and in hand | 54/58 | €157,141 | €1,113,016 | +€955,875 | +608% |
| Deferred charges and accrued income | 490/1 | - | €5,689 | +€5,689 | |
| Total equity and liabilities | 10/49 | €1,367,839 | €1,165,027 | -€202,812 | -14.8% |
| Equity | 10/15 | €938,177 | €675,365 | -€262,812 | -28.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €660,365 | €660,365 | = | 0.0% |
| Distributable reserves | 133 | €660,365 | €660,365 | = | 0.0% |
| Profit (loss) carried forward | 14 | €262,812 | €0 | -€262,812 | -100% |
| Amounts payable | 17/49 | €429,661 | €489,662 | +€60,000 | +14.0% |
| Amounts payable after more than one year | 17 | €222,000 | €0 | -€222,000 | -100% |
| Other amounts payable | 178/9 | €222,000 | €0 | -€222,000 | -100% |
| Amounts payable within one year | 42/48 | €207,661 | €489,662 | +€282,000 | +136% |
| Trade debts | 44 | €2,478 | €1,007 | -€1,471 | -59.4% |
| Suppliers | 440/4 | €2,478 | €1,007 | -€1,471 | -59.4% |
| Taxes, remuneration and social security | 45 | €9,554 | €9,279 | -€275 | -2.9% |
| Taxes | 450/3 | €6,411 | €5,804 | -€607 | -9.5% |
| Remuneration and social security | 454/9 | €3,143 | €3,475 | +€332 | +10.6% |
| Other amounts payable | 47/48 | €195,630 | €479,375 | +€283,746 | +145% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,053 | €1,086 | +€34 | +3.2% |
| Gross operating margin | 9900 | €11,988 | €24,600 | +€12,612 | +105% |
| Operating profit (loss) | 9901 | €10,935 | €23,514 | +€12,578 | +115% |
| Financial income | 75/76B | €250,000 | €250,000 | = | 0.0% |
| Recurring financial income | 75 | €250,000 | €250,000 | = | 0.0% |
| Financial charges | 65/66B | €98 | €274,003 | +€273,905 | +278,670% |
| Recurring financial charges | 65 | €98 | €0 | -€98 | -100% |
| Non-recurring financial charges | 66B | - | €274,003 | +€274,003 | |
| Profit (loss) for the period before taxes | 9903 | €260,837 | -€490 | -€261,327 | |
| Income taxes | 67/77 | €25,949 | €4,977 | -€20,973 | -80.8% |
| Profit (loss) for the period | 9904 | €234,888 | -€5,466 | -€240,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €234,888 | -€5,466 | -€240,354 |
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.