DOPCO: 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.
DOPCO
Largest movements
- Tangible fixed assets +€117,269
up €117,269 (+21.3%), from €550,679 to €667,947
of which Other tangible fixed assets: +€109,494
- Receivables within one year +€52,905
up €52,905 (+97.7%), from €54,158 to €107,064
of which Other amounts receivable: +€60,712
- Current investments -€34,800
down €34,800 (-100%), from €34,800 to €0
- Reserves +€76,706
up €76,706 (+52.7%), from €145,677 to €222,383
- Debts after one year +€33,908
up €33,908 (+6.3%), from €535,630 to €569,538
- Current portion of long-term debt +€13,976
up €13,976 (+50.6%), from €27,604 to €41,580
- Financial charges +€35,355
up €35,355 (+148%), from €23,838 to €59,193
- Other operating charges -€24,877
down €24,877 (-99.3%), from €25,054 to €177
- Gross operating margin +€5,866
up €5,866 (+3.5%), from €167,861 to €173,726
- Depreciation +€4,554
up €4,554 (+46.0%), from €9,911 to €14,466
- Taxes -€2,431
down €2,431 (-10.1%), from €23,952 to €21,521
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 | €765,386 | €896,708 | +€131,323 | +17.2% |
| Fixed assets | 21/28 | €557,879 | €675,147 | +€117,269 | +21.0% |
| Tangible fixed assets | 22/27 | €550,679 | €667,947 | +€117,269 | +21.3% |
| Plant, machinery and equipment | 23 | €4,897 | €4,581 | -€316 | -6.5% |
| Furniture and vehicles | 24 | €1,892 | €9,983 | +€8,091 | +428% |
| Other tangible fixed assets | 26 | €543,889 | €653,384 | +€109,494 | +20.1% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €207,507 | €221,561 | +€14,054 | +6.8% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,158 | €107,064 | +€52,905 | +97.7% |
| Trade receivables | 40 | €29,519 | €21,713 | -€7,807 | -26.4% |
| Other amounts receivable | 41 | €24,639 | €85,351 | +€60,712 | +246% |
| Current investments | 50/53 | €34,800 | €0 | -€34,800 | -100% |
| Cash at bank and in hand | 54/58 | €75,529 | €68,884 | -€6,645 | -8.8% |
| Deferred charges and accrued income | 490/1 | €3,020 | €5,613 | +€2,593 | +85.9% |
| Total equity and liabilities | 10/49 | €765,386 | €896,708 | +€131,323 | +17.2% |
| Equity | 10/15 | €145,777 | €222,483 | +€76,706 | +52.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €145,677 | €222,383 | +€76,706 | +52.7% |
| Distributable reserves | 133 | €145,677 | €222,383 | +€76,706 | +52.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €619,608 | €674,225 | +€54,617 | +8.8% |
| Amounts payable after more than one year | 17 | €535,630 | €569,538 | +€33,908 | +6.3% |
| Financial debts | 170/4 | €535,630 | €569,538 | +€33,908 | +6.3% |
| Amounts payable within one year | 42/48 | €83,978 | €104,687 | +€20,708 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €27,604 | €41,580 | +€13,976 | +50.6% |
| Trade debts | 44 | €2,259 | €11,085 | +€8,826 | +391% |
| Suppliers | 440/4 | €2,259 | €11,085 | +€8,826 | +391% |
| Taxes, remuneration and social security | 45 | €52,397 | €50,355 | -€2,042 | -3.9% |
| Taxes | 450/3 | €52,397 | €50,355 | -€2,042 | -3.9% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,911 | €14,466 | +€4,554 | +46.0% |
| Other operating charges | 640/8 | €25,054 | €177 | -€24,877 | -99.3% |
| Gross operating margin | 9900 | €167,861 | €173,726 | +€5,866 | +3.5% |
| Operating profit (loss) | 9901 | €132,895 | €159,084 | +€26,189 | +19.7% |
| Financial income | 75/76B | €0 | €2 | +€2 | +18,600% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +18,600% |
| Financial charges | 65/66B | €23,838 | €59,193 | +€35,355 | +148% |
| Recurring financial charges | 65 | €23,838 | €59,193 | +€35,355 | +148% |
| Profit (loss) for the period before taxes | 9903 | €109,057 | €99,893 | -€9,164 | -8.4% |
| Income taxes | 67/77 | €23,952 | €21,521 | -€2,431 | -10.1% |
| Profit (loss) for the period | 9904 | €85,105 | €78,372 | -€6,733 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €85,105 | €78,372 | -€6,733 | -7.9% |
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 16 October 2026 via checked.be.