DOPAC: 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.
DOPAC
Largest movements
- Cash +€38,683
up €38,683 (+79.0%), from €48,952 to €87,635
mainly Net result for the year (+€35,484) and Deferred charges and accrued income (+€15,271)
- Deferred charges and accrued income -€15,271
down €15,271 (-36.5%), from €41,836 to €26,566
- Receivables within one year +€7,528
new in 2025: €7,528
of which Other amounts receivable: +€7,036
- Reserves +€34,651
up €34,651 (+43.4%), from €79,889 to €114,540
- Debts after one year -€2,541
down €2,541 (-18.1%), from €14,000 to €11,459
- Tax, wage and social debts -€1,383
down €1,383 (-24.7%), from €5,592 to €4,209
- Gross operating margin -€60,049
down €60,049 (-54.7%), from €109,872 to €49,823
- Taxes -€11,960
down €11,960 (-54.6%), from €21,923 to €9,964
- Depreciation -€2,681
down €2,681 (-40.0%), from €6,700 to €4,019
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 | €104,163 | €134,488 | +€30,325 | +29.1% |
| Fixed assets | 21/28 | €13,375 | €12,759 | -€616 | -4.6% |
| Tangible fixed assets | 22/27 | €13,375 | €12,604 | -€771 | -5.8% |
| Furniture and vehicles | 24 | €11,667 | €11,276 | -€391 | -3.4% |
| Other tangible fixed assets | 26 | €1,708 | €1,328 | -€380 | -22.2% |
| Financial fixed assets | 28 | - | €155 | +€155 | |
| Current assets | 29/58 | €90,788 | €121,729 | +€30,941 | +34.1% |
| Amounts receivable within one year | 40/41 | - | €7,528 | +€7,528 | |
| Trade receivables | 40 | - | €492 | +€492 | |
| Other amounts receivable | 41 | - | €7,036 | +€7,036 | |
| Cash at bank and in hand | 54/58 | €48,952 | €87,635 | +€38,683 | +79.0% |
| Deferred charges and accrued income | 490/1 | €41,836 | €26,566 | -€15,271 | -36.5% |
| Total equity and liabilities | 10/49 | €104,163 | €134,488 | +€30,325 | +29.1% |
| Equity | 10/15 | €81,889 | €116,540 | +€34,651 | +42.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €79,889 | €114,540 | +€34,651 | +43.4% |
| Distributable reserves | 133 | €79,889 | €114,540 | +€34,651 | +43.4% |
| Amounts payable | 17/49 | €22,274 | €17,948 | -€4,326 | -19.4% |
| Amounts payable after more than one year | 17 | €14,000 | €11,459 | -€2,541 | -18.1% |
| Other amounts payable | 178/9 | €14,000 | €11,459 | -€2,541 | -18.1% |
| Amounts payable within one year | 42/48 | €8,132 | €6,489 | -€1,643 | -20.2% |
| Trade debts | 44 | €1,662 | €1,447 | -€214 | -12.9% |
| Suppliers | 440/4 | €1,662 | €1,447 | -€214 | -12.9% |
| Taxes, remuneration and social security | 45 | €5,592 | €4,209 | -€1,383 | -24.7% |
| Taxes | 450/3 | €5,592 | €4,209 | -€1,383 | -24.7% |
| Other amounts payable | 47/48 | €878 | €833 | -€45 | -5.1% |
| Accrued charges and deferred income | 492/3 | €143 | - | -€143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,700 | €4,019 | -€2,681 | -40.0% |
| Other operating charges | 640/8 | €314 | €183 | -€131 | -41.6% |
| Gross operating margin | 9900 | €109,872 | €49,823 | -€60,049 | -54.7% |
| Operating profit (loss) | 9901 | €102,858 | €45,620 | -€57,237 | -55.6% |
| Financial charges | 65/66B | €186 | €173 | -€13 | -7.2% |
| Recurring financial charges | 65 | €186 | €173 | -€13 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €102,672 | €45,448 | -€57,224 | -55.7% |
| Income taxes | 67/77 | €21,923 | €9,964 | -€11,960 | -54.6% |
| Profit (loss) for the period | 9904 | €80,748 | €35,484 | -€45,264 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,748 | €35,484 | -€45,264 | -56.1% |
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 28 September 2026 via checked.be.