DONOS: 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.
DONOS
Largest movements
- Tangible fixed assets +€88,708
up €88,708 (+6.5%), from €1.4m to €1.4m
of which Land and buildings: +€107,638
- Cash -€16,223
down €16,223 (-53.2%), from €30,520 to €14,297
mainly Investment in fixed assets (net) (-€137,202) and Trade debts (-€30,799)
- Revaluation surpluses +€134,000
up €134,000 (+81.2%), from €165,000 to €299,000
- Trade debts -€30,799
no longer reported in 2025 (was €30,799)
- Profit (loss) carried forward -€20,407
down €20,407 (-23.5%), from -€86,877 to -€107,285
- Gross operating margin +€20,863
up €20,863 (+42.4%), from €49,239 to €70,101
- Depreciation +€13,382
up €13,382 (+38.1%), from €35,112 to €48,494
- Financial charges +€7,884
up €7,884 (+27.0%), from €29,240 to €37,124
- Other operating charges +€1,888
up €1,888 (+62.9%), from €3,002 to €4,891
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 | €1,386,639 | €1,459,125 | +€72,485 | +5.2% |
| Fixed assets | 21/28 | €1,356,119 | €1,444,827 | +€88,708 | +6.5% |
| Tangible fixed assets | 22/27 | €1,356,119 | €1,444,827 | +€88,708 | +6.5% |
| Land and buildings | 22 | €1,189,331 | €1,296,969 | +€107,638 | +9.1% |
| Plant, machinery and equipment | 23 | €166,409 | €147,604 | -€18,805 | -11.3% |
| Furniture and vehicles | 24 | €380 | €255 | -€125 | -32.9% |
| Current assets | 29/58 | €30,520 | €14,297 | -€16,223 | -53.2% |
| Cash at bank and in hand | 54/58 | €30,520 | €14,297 | -€16,223 | -53.2% |
| Total equity and liabilities | 10/49 | €1,386,639 | €1,459,125 | +€72,485 | +5.2% |
| Equity | 10/15 | €148,123 | €261,715 | +€113,593 | +76.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Revaluation surpluses | 12 | €165,000 | €299,000 | +€134,000 | +81.2% |
| Profit (loss) carried forward | 14 | -€86,877 | -€107,285 | -€20,407 | -23.5% |
| Amounts payable | 17/49 | €1,238,517 | €1,197,409 | -€41,107 | -3.3% |
| Amounts payable after more than one year | 17 | €921,476 | €908,542 | -€12,934 | -1.4% |
| Financial debts | 170/4 | €919,045 | €904,271 | -€14,774 | -1.6% |
| Other amounts payable | 178/9 | €2,431 | €4,271 | +€1,840 | +75.7% |
| Amounts payable within one year | 42/48 | €315,796 | €287,623 | -€28,173 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €37,201 | €39,282 | +€2,081 | +5.6% |
| Trade debts | 44 | €30,799 | - | -€30,799 | |
| Suppliers | 440/4 | €30,799 | - | -€30,799 | |
| Taxes, remuneration and social security | 45 | €462 | €870 | +€408 | +88.2% |
| Taxes | 450/3 | €462 | €870 | +€408 | +88.2% |
| Other amounts payable | 47/48 | €247,334 | €247,470 | +€137 | +0.1% |
| Accrued charges and deferred income | 492/3 | €1,245 | €1,245 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,112 | €48,494 | +€13,382 | +38.1% |
| Other operating charges | 640/8 | €3,002 | €4,891 | +€1,888 | +62.9% |
| Gross operating margin | 9900 | €49,239 | €70,101 | +€20,863 | +42.4% |
| Operating profit (loss) | 9901 | €11,124 | €16,717 | +€5,593 | +50.3% |
| Financial income | 75/76B | €25 | €0 | -€25 | -99.6% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -99.6% |
| Financial charges | 65/66B | €29,240 | €37,124 | +€7,884 | +27.0% |
| Recurring financial charges | 65 | €29,240 | €37,124 | +€7,884 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,091 | -€20,407 | -€2,317 | -12.8% |
| Profit (loss) for the period | 9904 | -€18,091 | -€20,407 | -€2,317 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,091 | -€20,407 | -€2,317 | -12.8% |
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.