DONQUIXOTE: 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.
DONQUIXOTE
Largest movements
- Tangible fixed assets -€4,782
down €4,782 (-24.1%), from €19,847 to €15,065
- Cash -€2,306
down €2,306 (-32.0%), from €7,213 to €4,908
mainly Debts after one year (-€4,855) and Net result for the year (-€2,602)
- Debts after one year -€4,855
down €4,855 (-38.3%), from €12,685 to €7,830
- Profit (loss) carried forward -€2,602
down €2,602 (-70.1%), from €3,712 to €1,110
- Gross operating margin -€994
down €994 (-16.6%), from €5,997 to €5,003
- Financial charges -€256
down €256 (-21.3%), from €1,203 to €947
- Other operating charges -€80
down €80 (-9.5%), from €836 to €756
- Depreciation +€70
up €70 (+1.2%), from €5,740 to €5,811
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 | €29,040 | €22,087 | -€6,953 | -23.9% |
| Fixed assets | 21/28 | €19,847 | €15,065 | -€4,782 | -24.1% |
| Tangible fixed assets | 22/27 | €19,847 | €15,065 | -€4,782 | -24.1% |
| Furniture and vehicles | 24 | €19,847 | €15,065 | -€4,782 | -24.1% |
| Current assets | 29/58 | €9,193 | €7,022 | -€2,171 | -23.6% |
| Amounts receivable within one year | 40/41 | €1,414 | €1,518 | +€104 | +7.4% |
| Trade receivables | 40 | €359 | - | -€359 | |
| Other amounts receivable | 41 | €1,055 | €1,518 | +€463 | +43.9% |
| Cash at bank and in hand | 54/58 | €7,213 | €4,908 | -€2,306 | -32.0% |
| Deferred charges and accrued income | 490/1 | €566 | €596 | +€31 | +5.4% |
| Total equity and liabilities | 10/49 | €29,040 | €22,087 | -€6,953 | -23.9% |
| Equity | 10/15 | €11,772 | €9,170 | -€2,602 | -22.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,712 | €1,110 | -€2,602 | -70.1% |
| Amounts payable | 17/49 | €17,268 | €12,917 | -€4,351 | -25.2% |
| Amounts payable after more than one year | 17 | €12,685 | €7,830 | -€4,855 | -38.3% |
| Financial debts | 170/4 | €12,685 | €7,830 | -€4,855 | -38.3% |
| Amounts payable within one year | 42/48 | €4,583 | €5,087 | +€505 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €4,583 | €4,855 | +€273 | +5.9% |
| Trade debts | 44 | - | €232 | +€232 | |
| Suppliers | 440/4 | - | €232 | +€232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,740 | €5,811 | +€70 | +1.2% |
| Other operating charges | 640/8 | €836 | €756 | -€80 | -9.5% |
| Gross operating margin | 9900 | €5,997 | €5,003 | -€994 | -16.6% |
| Operating profit (loss) | 9901 | -€579 | -€1,564 | -€985 | -170% |
| Financial charges | 65/66B | €1,203 | €947 | -€256 | -21.3% |
| Recurring financial charges | 65 | €1,203 | €947 | -€256 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,782 | -€2,510 | -€729 | -40.9% |
| Income taxes | 67/77 | €125 | €92 | -€33 | -26.7% |
| Profit (loss) for the period | 9904 | -€1,907 | -€2,602 | -€695 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,907 | -€2,602 | -€695 | -36.5% |
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 25 October 2026 via checked.be.