DOPA: 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.
DOPA
Largest movements
- Cash +€8,413
up €8,413 (+50.7%), from €16,592 to €25,006
mainly Net result for the year (+€30,909) and Depreciation (+€9,227)
- Receivables within one year -€5,342
down €5,342 (-5.9%), from €89,958 to €84,615
of which Trade receivables: -€21,439
- Tangible fixed assets -€3,008
down €3,008 (-9.7%), from €30,865 to €27,857
of which Plant, machinery and equipment: -€2,510
- Trade debts -€23,092
down €23,092 (-86.5%), from €26,688 to €3,595
- Reserves +€22,909
up €22,909 (+25.4%), from €90,343 to €113,252
of which Distributable reserves: +€22,909
- Debts after one year -€6,176
down €6,176 (-79.6%), from €7,757 to €1,580
- Other debts +€5,230
up €5,230 (+65.4%), from €8,000 to €13,230
- Gross operating margin +€5,702
up €5,702 (+6.9%), from €83,007 to €88,709
- Taxes +€1,280
up €1,280 (+24.9%), from €5,138 to €6,418
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 | €170,379 | €169,457 | -€922 | -0.5% |
| Fixed assets | 21/28 | €36,726 | €32,518 | -€4,208 | -11.5% |
| Intangible fixed assets | 21 | €5,861 | €4,661 | -€1,200 | -20.5% |
| Tangible fixed assets | 22/27 | €30,865 | €27,857 | -€3,008 | -9.7% |
| Land and buildings | 22 | €5,239 | €4,182 | -€1,058 | -20.2% |
| Plant, machinery and equipment | 23 | €24,475 | €21,965 | -€2,510 | -10.3% |
| Furniture and vehicles | 24 | €1,151 | €1,710 | +€559 | +48.6% |
| Current assets | 29/58 | €133,653 | €136,939 | +€3,286 | +2.5% |
| Stocks and contracts in progress | 3 | €23,109 | €23,324 | +€215 | +0.9% |
| Stocks | 30/36 | €23,109 | €23,324 | +€215 | +0.9% |
| Amounts receivable within one year | 40/41 | €89,958 | €84,615 | -€5,342 | -5.9% |
| Trade receivables | 40 | €31,688 | €10,249 | -€21,439 | -67.7% |
| Other amounts receivable | 41 | €58,270 | €74,366 | +€16,096 | +27.6% |
| Cash at bank and in hand | 54/58 | €16,592 | €25,006 | +€8,413 | +50.7% |
| Deferred charges and accrued income | 490/1 | €3,994 | €3,994 | = | 0.0% |
| Total equity and liabilities | 10/49 | €170,379 | €169,457 | -€922 | -0.5% |
| Equity | 10/15 | €108,935 | €131,844 | +€22,909 | +21.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €90,343 | €113,252 | +€22,909 | +25.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €88,484 | €111,392 | +€22,909 | +25.9% |
| Amounts payable | 17/49 | €61,444 | €37,613 | -€23,831 | -38.8% |
| Amounts payable after more than one year | 17 | €7,757 | €1,580 | -€6,176 | -79.6% |
| Financial debts | 170/4 | €7,757 | €1,580 | -€6,176 | -79.6% |
| Amounts payable within one year | 42/48 | €52,937 | €35,283 | -€17,654 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €5,950 | €6,176 | +€226 | +3.8% |
| Trade debts | 44 | €26,688 | €3,595 | -€23,092 | -86.5% |
| Suppliers | 440/4 | €26,688 | €3,595 | -€23,092 | -86.5% |
| Taxes, remuneration and social security | 45 | €12,299 | €12,281 | -€18 | -0.1% |
| Taxes | 450/3 | €169 | - | -€169 | |
| Remuneration and social security | 454/9 | €12,130 | €12,281 | +€151 | +1.2% |
| Other amounts payable | 47/48 | €8,000 | €13,230 | +€5,230 | +65.4% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,176 | +€1,176 | |
| Remuneration, social security and pensions | 62 | €42,376 | €42,821 | +€446 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,827 | €9,227 | -€599 | -6.1% |
| Other operating charges | 640/8 | €577 | €1,153 | +€576 | +99.8% |
| Gross operating margin | 9900 | €83,007 | €88,709 | +€5,702 | +6.9% |
| Operating profit (loss) | 9901 | €30,228 | €35,508 | +€5,280 | +17.5% |
| Financial income | 75/76B | €3,475 | €3,342 | -€133 | -3.8% |
| Recurring financial income | 75 | €3,475 | €3,342 | -€133 | -3.8% |
| Financial charges | 65/66B | €1,013 | €1,523 | +€510 | +50.3% |
| Recurring financial charges | 65 | €1,013 | €1,523 | +€510 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €32,689 | €37,326 | +€4,638 | +14.2% |
| Income taxes | 67/77 | €5,138 | €6,418 | +€1,280 | +24.9% |
| Profit (loss) for the period | 9904 | €27,551 | €30,909 | +€3,358 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,551 | €30,909 | +€3,358 | +12.2% |
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 26 October 2026 via checked.be.