Dor Financial Group: what changed
What changed
Dor Financial Group
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
€19,663
2024 · €9,470+€10,194
Equity
€583,201
2024 · €563,538+€19,663
Cash
€250
2024 · €1,308-€1,058
Balance sheet total
€1.3m
2024 · €1.4m-€29,953
Largest movements
Assets
- Tangible fixed assets -€18,414
down €18,414 (-1.4%), from €1.3m to €1.3m
of which Land and buildings: -€39,986
Equity and liabilities
- Debts after one year -€65,671
down €65,671 (-9.6%), from €683,727 to €618,055
of which Financial debts: -€49,065
- Profit (loss) carried forward +€23,429
up €23,429 (+50.7%), from €46,232 to €69,660
Income statement
- Gross operating margin +€24,132
up €24,132 (+29.3%), from €82,437 to €106,569
- Depreciation +€3,620
up €3,620 (+8.7%), from €41,717 to €45,337
- Taxes +€2,445
up €2,445 (+52.1%), from €4,695 to €7,140
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,470
Gross operating margin
+€24,132
Depreciation
-€3,620
Other operating charges
-€99
Other operating items
-€8,884
Financial income
+€94
Financial charges
+€1,015
Taxes
-€2,445
Result 2025
€19,663
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€61,950
Investment
-€18,038
Financing
-€44,970
Cash 2024
€1,308
From operations (derived)
+€61,950
Net result for the year
+€19,663
Depreciation
+€45,337
Receivables within one year
+€2,012
Deferred charges and accrued income
-€415
Provisions
-€1,255
Trade debts
-€849
Tax, wage and social debts
-€3,207
Accrued charges and deferred income
+€665
Investment (derived)
-€18,038
Investment in fixed assets (net)
-€18,038
Financing
-€44,970
Debts after one year
-€65,671
Current portion of long-term debt
+€10,702
Short-term financial debts
+€10,000
Cash 2025
€250
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,353,811 | €1,323,858 | -€29,953 | -2.2% |
| Fixed assets | 21/28 | €1,344,004 | €1,316,706 | -€27,298 | -2.0% |
| Intangible fixed assets | 21 | €8,884 | €0 | -€8,884 | -100% |
| Tangible fixed assets | 22/27 | €1,335,120 | €1,316,706 | -€18,414 | -1.4% |
| Land and buildings | 22 | €1,335,120 | €1,295,134 | -€39,986 | -3.0% |
| Plant, machinery and equipment | 23 | - | €20,189 | +€20,189 | |
| Furniture and vehicles | 24 | - | €1,383 | +€1,383 | |
| Current assets | 29/58 | €9,807 | €7,152 | -€2,655 | -27.1% |
| Amounts receivable within one year | 40/41 | €5,831 | €3,820 | -€2,012 | -34.5% |
| Trade receivables | 40 | €5,831 | €0 | -€5,831 | -100% |
| Other amounts receivable | 41 | €0 | €3,820 | +€3,820 | |
| Cash at bank and in hand | 54/58 | €1,308 | €250 | -€1,058 | -80.9% |
| Deferred charges and accrued income | 490/1 | €2,668 | €3,083 | +€415 | +15.5% |
| Total equity and liabilities | 10/49 | €1,353,811 | €1,323,858 | -€29,953 | -2.2% |
| Equity | 10/15 | €563,538 | €583,201 | +€19,663 | +3.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €270,610 | €270,610 | = | 0.0% |
| Reserves | 13 | €184,696 | €180,931 | -€3,765 | -2.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €113,496 | €109,731 | -€3,765 | -3.3% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,232 | €69,660 | +€23,429 | +50.7% |
| Provisions and deferred taxes | 16 | €31,979 | €30,724 | -€1,255 | -3.9% |
| Deferred taxes | 168 | €31,979 | €30,724 | -€1,255 | -3.9% |
| Amounts payable | 17/49 | €758,295 | €709,933 | -€48,361 | -6.4% |
| Amounts payable after more than one year | 17 | €683,727 | €618,055 | -€65,671 | -9.6% |
| Financial debts | 170/4 | €607,176 | €558,111 | -€49,065 | -8.1% |
| Other amounts payable | 178/9 | €76,550 | €59,944 | -€16,606 | -21.7% |
| Amounts payable within one year | 42/48 | €73,755 | €90,400 | +€16,645 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €60,763 | €71,465 | +€10,702 | +17.6% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Credit institutions | 430/8 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €8,989 | €8,140 | -€849 | -9.4% |
| Suppliers | 440/4 | €8,989 | €8,140 | -€849 | -9.4% |
| Taxes, remuneration and social security | 45 | €4,002 | €795 | -€3,207 | -80.1% |
| Taxes | 450/3 | €4,002 | €795 | -€3,207 | -80.1% |
| Accrued charges and deferred income | 492/3 | €813 | €1,478 | +€665 | +81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,717 | €45,337 | +€3,620 | +8.7% |
| Other operating charges | 640/8 | €6,205 | €6,304 | +€99 | +1.6% |
| Non-recurring operating charges | 66A | - | €8,884 | +€8,884 | |
| Gross operating margin | 9900 | €82,437 | €106,569 | +€24,132 | +29.3% |
| Operating profit (loss) | 9901 | €34,514 | €46,044 | +€11,529 | +33.4% |
| Financial income | 75/76B | €0 | €94 | +€94 | +117,263% |
| Recurring financial income | 75 | €0 | €94 | +€94 | +117,263% |
| Financial charges | 65/66B | €21,605 | €20,590 | -€1,015 | -4.7% |
| Recurring financial charges | 65 | €21,605 | €20,590 | -€1,015 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €12,910 | €25,548 | +€12,638 | +97.9% |
| Transfer from deferred taxes | 780 | €1,255 | €1,255 | = | 0.0% |
| Income taxes | 67/77 | €4,695 | €7,140 | +€2,445 | +52.1% |
| Profit (loss) for the period | 9904 | €9,470 | €19,663 | +€10,194 | +108% |
| Transfer from tax-exempt reserves | 789 | €3,765 | €3,765 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,235 | €23,429 | +€10,194 | +77.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.