DONS ADVISORY: 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.
DONS ADVISORY
Largest movements
- Tangible fixed assets +€60,608
new in 2025: €60,608
- Cash -€22,350
down €22,350 (-38.9%), from €57,430 to €35,080
mainly Investment in fixed assets (net) (-€68,190) and Other debts (-€14,865)
- Receivables within one year +€5,285
up €5,285 (+55.4%), from €9,537 to €14,823
- Deferred charges and accrued income +€1,858
new in 2025: €1,858
- Debts after one year +€38,463
new in 2025: €38,463
- Other debts -€14,865
down €14,865 (-80.8%), from €18,405 to €3,540
- Current portion of long-term debt +€14,483
new in 2025: €14,483
- Reserves +€4,981
up €4,981 (+22.6%), from €22,053 to €27,035
- Tax, wage and social debts +€3,314
up €3,314 (+19.8%), from €16,700 to €20,014
of which Taxes: +€3,314
- Depreciation +€7,582
new in 2025: €7,582
- Gross operating margin -€4,162
down €4,162 (-14.3%), from €29,101 to €24,939
- Taxes -€4,031
down €4,031 (-65.4%), from €6,166 to €2,135
- Other operating charges +€1,720
up €1,720 (+223.4%), from €770 to €2,490
- Financial charges +€1,446
up €1,446 (+1252.1%), from €116 to €1,562
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 | €66,967 | €112,369 | +€45,401 | +67.8% |
| Fixed assets | 21/28 | - | €60,608 | +€60,608 | |
| Tangible fixed assets | 22/27 | - | €60,608 | +€60,608 | |
| Furniture and vehicles | 24 | - | €60,608 | +€60,608 | |
| Current assets | 29/58 | €66,967 | €51,760 | -€15,207 | -22.7% |
| Amounts receivable within one year | 40/41 | €9,537 | €14,823 | +€5,285 | +55.4% |
| Trade receivables | 40 | €9,537 | €14,823 | +€5,285 | +55.4% |
| Cash at bank and in hand | 54/58 | €57,430 | €35,080 | -€22,350 | -38.9% |
| Deferred charges and accrued income | 490/1 | - | €1,858 | +€1,858 | |
| Total equity and liabilities | 10/49 | €66,967 | €112,369 | +€45,401 | +67.8% |
| Equity | 10/15 | €27,053 | €32,035 | +€4,981 | +18.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,053 | €27,035 | +€4,981 | +22.6% |
| Distributable reserves | 133 | €22,053 | €27,035 | +€4,981 | +22.6% |
| Amounts payable | 17/49 | €39,914 | €80,334 | +€40,420 | +101.3% |
| Amounts payable after more than one year | 17 | - | €38,463 | +€38,463 | |
| Financial debts | 170/4 | - | €38,463 | +€38,463 | |
| Amounts payable within one year | 42/48 | €39,914 | €41,063 | +€1,149 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | - | €14,483 | +€14,483 | |
| Trade debts | 44 | €4,809 | €3,026 | -€1,783 | -37.1% |
| Suppliers | 440/4 | €4,809 | €3,026 | -€1,783 | -37.1% |
| Taxes, remuneration and social security | 45 | €16,700 | €20,014 | +€3,314 | +19.8% |
| Taxes | 450/3 | €14,500 | €17,814 | +€3,314 | +22.9% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €18,405 | €3,540 | -€14,865 | -80.8% |
| Accrued charges and deferred income | 492/3 | - | €808 | +€808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,582 | +€7,582 | |
| Other operating charges | 640/8 | €770 | €2,490 | +€1,720 | +223.4% |
| Non-recurring operating charges | 66A | - | €6,200 | +€6,200 | |
| Gross operating margin | 9900 | €29,101 | €24,939 | -€4,162 | -14.3% |
| Operating profit (loss) | 9901 | €28,331 | €8,668 | -€19,663 | -69.4% |
| Financial income | 75/76B | €4 | €10 | +€6 | +173.2% |
| Recurring financial income | 75 | €4 | €10 | +€6 | +173.2% |
| Financial charges | 65/66B | €116 | €1,562 | +€1,446 | +1252.1% |
| Recurring financial charges | 65 | €116 | €1,562 | +€1,446 | +1252.1% |
| Profit (loss) for the period before taxes | 9903 | €28,219 | €7,116 | -€21,103 | -74.8% |
| Income taxes | 67/77 | €6,166 | €2,135 | -€4,031 | -65.4% |
| Profit (loss) for the period | 9904 | €22,053 | €4,981 | -€17,072 | -77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,053 | €4,981 | -€17,072 | -77.4% |
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 12 October 2026 via checked.be.