DOR ET BLEUS: 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.
DOR ET BLEUS
Largest movements
- Cash +€86,205
up €86,205 (+91.9%), from €93,753 to €179,958
mainly Net result for the year (+€100,928) and Trade debts (+€34,626)
- Receivables within one year +€21,449
up €21,449 (+103.2%), from €20,792 to €42,241
of which Trade receivables: +€25,669
- Profit (loss) carried forward +€69,499
up €69,499, from -€24,926 to €44,573
- Trade debts +€34,626
up €34,626 (+31.6%), from €109,412 to €144,038
- Tax, wage and social debts +€15,198
up €15,198 (+218.6%), from €6,952 to €22,150
of which Taxes: +€12,600
- Debts after one year -€14,901
down €14,901 (-8.6%), from €174,152 to €159,251
- Gross operating margin +€101,654
up €101,654 (+96.3%), from €105,505 to €207,159
- Taxes +€25,706
up €25,706 (+4877.8%), from €527 to €26,233
- Staff costs +€11,234
up €11,234 (+26.6%), from €42,188 to €53,422
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 | €303,433 | €407,913 | +€104,480 | +34.4% |
| Fixed assets | 21/28 | €163,132 | €163,133 | +€1 | 0.0% |
| Tangible fixed assets | 22/27 | €162,179 | €162,180 | +€1 | 0.0% |
| Land and buildings | 22 | €159,110 | €160,187 | +€1,077 | +0.7% |
| Furniture and vehicles | 24 | €3,069 | €1,993 | -€1,076 | -35.1% |
| Financial fixed assets | 28 | €953 | €953 | = | 0.0% |
| Current assets | 29/58 | €140,301 | €244,780 | +€104,479 | +74.5% |
| Amounts receivable within one year | 40/41 | €20,792 | €42,241 | +€21,449 | +103.2% |
| Trade receivables | 40 | €7,005 | €32,674 | +€25,669 | +366.4% |
| Other amounts receivable | 41 | €13,787 | €9,567 | -€4,220 | -30.6% |
| Cash at bank and in hand | 54/58 | €93,753 | €179,958 | +€86,205 | +91.9% |
| Deferred charges and accrued income | 490/1 | €25,756 | €22,581 | -€3,175 | -12.3% |
| Total equity and liabilities | 10/49 | €303,433 | €407,913 | +€104,480 | +34.4% |
| Equity | 10/15 | -€3,066 | €66,433 | +€69,499 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,926 | €44,573 | +€69,499 | |
| Amounts payable | 17/49 | €306,499 | €341,480 | +€34,981 | +11.4% |
| Amounts payable after more than one year | 17 | €174,152 | €159,251 | -€14,901 | -8.6% |
| Financial debts | 170/4 | €174,152 | €159,251 | -€14,901 | -8.6% |
| Amounts payable within one year | 42/48 | €132,347 | €182,229 | +€49,882 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €14,900 | €14,900 | = | 0.0% |
| Trade debts | 44 | €109,412 | €144,038 | +€34,626 | +31.6% |
| Suppliers | 440/4 | €109,412 | €144,038 | +€34,626 | +31.6% |
| Taxes, remuneration and social security | 45 | €6,952 | €22,150 | +€15,198 | +218.6% |
| Taxes | 450/3 | €3,200 | €15,800 | +€12,600 | +393.8% |
| Remuneration and social security | 454/9 | €3,752 | €6,350 | +€2,598 | +69.2% |
| Other amounts payable | 47/48 | €1,083 | €1,141 | +€58 | +5.4% |
| Remuneration, social security and pensions | 62 | €42,188 | €53,422 | +€11,234 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,167 | €12,555 | +€388 | +3.2% |
| Other operating charges | 640/8 | €5,863 | €6,236 | +€373 | +6.4% |
| Gross operating margin | 9900 | €105,505 | €207,159 | +€101,654 | +96.3% |
| Operating profit (loss) | 9901 | €45,287 | €134,946 | +€89,659 | +198.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €9,067 | €7,785 | -€1,282 | -14.1% |
| Recurring financial charges | 65 | €9,067 | €7,785 | -€1,282 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €36,221 | €127,161 | +€90,940 | +251.1% |
| Income taxes | 67/77 | €527 | €26,233 | +€25,706 | +4877.8% |
| Profit (loss) for the period | 9904 | €35,694 | €100,928 | +€65,234 | +182.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,694 | €100,928 | +€65,234 | +182.8% |
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 4 October 2026 via checked.be.