DOPHALINE: 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.
What changed
DOPHALINE
NACE 01.410, Raising of dairy cattle
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€754,677
2024 · €360,392+€394,285
Equity
€3.2m
2024 · €2.6m+€553,077
Cash
€297,811
2024 · €277,801+€20,010
Balance sheet total
€4.6m
2024 · €4.2m+€450,170
Largest movements
Assets
- Receivables within one year +€341,980
up €341,980 (+11.6%), from €2.9m to €3.3m
of which Trade receivables: +€372,326
- Stocks and contracts +€78,220
up €78,220 (+13.7%), from €571,375 to €649,595
Equity and liabilities
- Profit (loss) carried forward +€553,077
up €553,077 (+22.3%), from €2.5m to €3.0m
- Debts after one year -€190,000
down €190,000 (-39.6%), from €480,000 to €290,000
- Other debts +€172,339
up €172,339 (+47.1%), from €365,909 to €538,248
- Trade debts -€91,306
down €91,306 (-12.9%), from €707,337 to €616,031
Income statement
- Gross operating margin +€591,228
up €591,228 (+78.4%), from €754,047 to €1.3m
- Taxes +€136,856
up €136,856 (+110.2%), from €124,146 to €261,002
- Depreciation +€52,659
up €52,659 (+82.8%), from €63,593 to €116,252
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.
Result 2024
€360,392
Gross operating margin
+€591,228
Staff costs
-€2,600
Depreciation
-€52,659
Write-downs
-€12,630
Other operating charges
+€2,626
Other operating items
+€6,662
Financial income
-€9
Financial charges
-€1,478
Taxes
-€136,856
Result 2025
€754,677
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.
From operations
+€530,881
Investment
-€119,271
Financing
-€391,600
Cash 2024
€277,801
From operations (derived)
+€530,881
Net result for the year
+€754,677
Depreciation
+€116,252
Stocks and contracts
-€78,220
Receivables within one year
-€341,980
Deferred charges and accrued income
-€6,941
Trade debts
-€91,306
Tax, wage and social debts
+€14,361
Other debts
+€172,339
Accrued charges and deferred income
-€8,301
Investment (derived)
-€119,271
Investment in fixed assets (net)
-€119,271
Financing
-€391,600
Debts after one year
-€190,000
Contributions, distributions and other
-€201,600
Cash 2025
€297,811
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,191,041 | €4,641,211 | +€450,170 | +10.7% |
| Fixed assets | 21/28 | €392,341 | €395,360 | +€3,019 | +0.8% |
| Tangible fixed assets | 22/27 | €392,229 | €395,248 | +€3,019 | +0.8% |
| Plant, machinery and equipment | 23 | €2,798 | €1,436 | -€1,362 | -48.7% |
| Furniture and vehicles | 24 | €389,432 | €393,812 | +€4,380 | +1.1% |
| Financial fixed assets | 28 | €112 | €112 | = | 0.0% |
| Current assets | 29/58 | €3,798,700 | €4,245,851 | +€447,151 | +11.8% |
| Stocks and contracts in progress | 3 | €571,375 | €649,595 | +€78,220 | +13.7% |
| Stocks | 30/36 | €571,375 | €649,595 | +€78,220 | +13.7% |
| Amounts receivable within one year | 40/41 | €2,937,918 | €3,279,898 | +€341,980 | +11.6% |
| Trade receivables | 40 | €2,759,616 | €3,131,942 | +€372,326 | +13.5% |
| Other amounts receivable | 41 | €178,301 | €147,955 | -€30,346 | -17.0% |
| Cash at bank and in hand | 54/58 | €277,801 | €297,811 | +€20,010 | +7.2% |
| Deferred charges and accrued income | 490/1 | €11,606 | €18,548 | +€6,941 | +59.8% |
| Total equity and liabilities | 10/49 | €4,191,041 | €4,641,211 | +€450,170 | +10.7% |
| Equity | 10/15 | €2,597,346 | €3,150,423 | +€553,077 | +21.3% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €10,500 | €10,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €10,500 | €10,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,481,846 | €3,034,923 | +€553,077 | +22.3% |
| Amounts payable | 17/49 | €1,593,695 | €1,490,787 | -€102,907 | -6.5% |
| Amounts payable after more than one year | 17 | €480,000 | €290,000 | -€190,000 | -39.6% |
| Other amounts payable | 178/9 | €480,000 | €290,000 | -€190,000 | -39.6% |
| Amounts payable within one year | 42/48 | €1,105,394 | €1,200,787 | +€95,394 | +8.6% |
| Trade debts | 44 | €707,337 | €616,031 | -€91,306 | -12.9% |
| Suppliers | 440/4 | €707,337 | €616,031 | -€91,306 | -12.9% |
| Taxes, remuneration and social security | 45 | €32,148 | €46,508 | +€14,361 | +44.7% |
| Taxes | 450/3 | €4,342 | €15,343 | +€11,001 | +253.3% |
| Remuneration and social security | 454/9 | €27,806 | €31,165 | +€3,360 | +12.1% |
| Other amounts payable | 47/48 | €365,909 | €538,248 | +€172,339 | +47.1% |
| Accrued charges and deferred income | 492/3 | €8,301 | €0 | -€8,301 | -100.0% |
| Non-recurring operating income | 76A | €51,639 | €18,514 | -€33,125 | -64.1% |
| Remuneration, social security and pensions | 62 | €163,570 | €166,170 | +€2,600 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,593 | €116,252 | +€52,659 | +82.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,945 | €1,685 | +€12,630 | |
| Other operating charges | 640/8 | €15,055 | €12,430 | -€2,626 | -17.4% |
| Non-recurring operating charges | 66A | €6,662 | €0 | -€6,662 | -100.0% |
| Gross operating margin | 9900 | €754,047 | €1,345,276 | +€591,228 | +78.4% |
| Operating profit (loss) | 9901 | €516,112 | €1,048,740 | +€532,628 | +103.2% |
| Financial income | 75/76B | €59 | €50 | -€9 | -15.9% |
| Recurring financial income | 75 | €59 | €50 | -€9 | -15.9% |
| Financial charges | 65/66B | €31,633 | €33,111 | +€1,478 | +4.7% |
| Recurring financial charges | 65 | €31,633 | €33,111 | +€1,478 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €484,538 | €1,015,679 | +€531,141 | +109.6% |
| Income taxes | 67/77 | €124,146 | €261,002 | +€136,856 | +110.2% |
| Profit (loss) for the period | 9904 | €360,392 | €754,677 | +€394,285 | +109.4% |
| Profit (loss) for the period to be appropriated | 9905 | €360,392 | €754,677 | +€394,285 | +109.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.