DOP-VER: 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.
DOP-VER
Largest movements
- Cash -€138,996
down €138,996 (-65.1%), from €213,605 to €74,609
mainly Trade debts (-€134,746) and Stocks and contracts (-€52,400)
- Stocks and contracts +€52,400
up €52,400 (+58.5%), from €89,600 to €142,000
- Trade debts -€134,746
down €134,746 (-70.2%), from €191,843 to €57,096
- Short-term financial debts +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Debts after one year -€16,630
down €16,630 (-8.7%), from €191,757 to €175,127
- Gross operating margin +€29,668
up €29,668 (+8.5%), from €348,824 to €378,492
- Staff costs +€22,254
up €22,254 (+7.7%), from €288,424 to €310,679
- Financial income -€18,360
down €18,360 (-96.5%), from €19,030 to €670
of which Non-recurring financial income: -€18,390
- Taxes -€3,925
down €3,925 (-45.3%), from €8,669 to €4,744
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 | €832,013 | €730,861 | -€101,152 | -12.2% |
| Fixed assets | 21/28 | €312,706 | €313,459 | +€753 | +0.2% |
| Tangible fixed assets | 22/27 | €307,380 | €306,313 | -€1,067 | -0.3% |
| Land and buildings | 22 | €298,216 | €272,909 | -€25,307 | -8.5% |
| Plant, machinery and equipment | 23 | €6,519 | €19,831 | +€13,312 | +204% |
| Furniture and vehicles | 24 | €2,646 | €13,573 | +€10,927 | +413% |
| Financial fixed assets | 28 | €5,326 | €7,146 | +€1,820 | +34.2% |
| Current assets | 29/58 | €519,306 | €417,402 | -€101,905 | -19.6% |
| Stocks and contracts in progress | 3 | €89,600 | €142,000 | +€52,400 | +58.5% |
| Stocks | 30/36 | €89,600 | €142,000 | +€52,400 | +58.5% |
| Amounts receivable within one year | 40/41 | €184,990 | €176,858 | -€8,131 | -4.4% |
| Trade receivables | 40 | €161,116 | €166,752 | +€5,635 | +3.5% |
| Other amounts receivable | 41 | €23,873 | €10,107 | -€13,766 | -57.7% |
| Cash at bank and in hand | 54/58 | €213,605 | €74,609 | -€138,996 | -65.1% |
| Deferred charges and accrued income | 490/1 | €31,112 | €23,934 | -€7,178 | -23.1% |
| Total equity and liabilities | 10/49 | €832,013 | €730,861 | -€101,152 | -12.2% |
| Equity | 10/15 | €283,601 | €280,949 | -€2,652 | -0.9% |
| Contributions | 10/11 | €97,107 | €97,107 | = | 0.0% |
| Reserves | 13 | €65,711 | €65,711 | = | 0.0% |
| Distributable reserves | 133 | €65,711 | €65,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,784 | €118,132 | -€2,652 | -2.2% |
| Amounts payable | 17/49 | €548,411 | €449,912 | -€98,500 | -18.0% |
| Amounts payable after more than one year | 17 | €191,757 | €175,127 | -€16,630 | -8.7% |
| Financial debts | 170/4 | €191,757 | €175,127 | -€16,630 | -8.7% |
| Amounts payable within one year | 42/48 | €356,655 | €274,785 | -€81,870 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €23,421 | €29,897 | +€6,476 | +27.7% |
| Financial debts | 43 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Credit institutions | 430/8 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Trade debts | 44 | €191,843 | €57,096 | -€134,746 | -70.2% |
| Suppliers | 440/4 | €191,843 | €57,096 | -€134,746 | -70.2% |
| Taxes, remuneration and social security | 45 | €39,279 | €35,679 | -€3,600 | -9.2% |
| Taxes | 450/3 | €12,881 | €7,032 | -€5,849 | -45.4% |
| Remuneration and social security | 454/9 | €26,398 | €28,647 | +€2,250 | +8.5% |
| Other amounts payable | 47/48 | €2,113 | €2,113 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,801 | +€3,801 | |
| Remuneration, social security and pensions | 62 | €288,424 | €310,679 | +€22,254 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,834 | €32,970 | -€864 | -2.6% |
| Other operating charges | 640/8 | €9,338 | €8,964 | -€375 | -4.0% |
| Non-recurring operating charges | 66A | €242 | €422 | +€179 | +74.1% |
| Gross operating margin | 9900 | €348,824 | €378,492 | +€29,668 | +8.5% |
| Operating profit (loss) | 9901 | €16,985 | €25,458 | +€8,473 | +49.9% |
| Financial income | 75/76B | €19,030 | €670 | -€18,360 | -96.5% |
| Recurring financial income | 75 | €640 | €670 | +€30 | +4.7% |
| Non-recurring financial income | 76B | €18,390 | - | -€18,390 | |
| Financial charges | 65/66B | €25,267 | €24,036 | -€1,231 | -4.9% |
| Recurring financial charges | 65 | €25,267 | €24,036 | -€1,231 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €10,748 | €2,092 | -€8,656 | -80.5% |
| Income taxes | 67/77 | €8,669 | €4,744 | -€3,925 | -45.3% |
| Profit (loss) for the period | 9904 | €2,079 | -€2,652 | -€4,731 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,079 | -€2,652 | -€4,731 |
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 18 October 2026 via checked.be.