DORA INVEST: what changed
What changed
DORA INVEST
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
€7,379
2024 · €2,430+€4,949
Equity
€278,698
2024 · €40,819+€237,879
Cash
€27,152
2024 · €34,594-€7,442
Balance sheet total
€1.2m
2024 · €818,688+€408,412
Largest movements
Assets
- Receivables within one year +€250,000
up €250,000 (+500%), from €50,000 to €300,000
- Tangible fixed assets +€168,042
up €168,042 (+23.0%), from €731,906 to €899,949
of which Land and buildings: +€186,785
Equity and liabilities
- Debts after one year +€233,528
up €233,528 (+42.9%), from €544,038 to €777,566
- Contributions +€230,500
up €230,500 (+615%), from €37,500 to €268,000
- Other debts -€78,000
down €78,000 (-48.9%), from €159,500 to €81,500
Income statement
- Other operating charges +€29,929
up €29,929 (+557%), from €5,376 to €35,305
- Gross operating margin +€25,314
up €25,314 (+27.5%), from €91,902 to €117,216
- Depreciation -€16,999
down €16,999 (-27.6%), from €61,535 to €44,536
- Financial charges +€12,700
up €12,700 (+53.4%), from €23,764 to €36,464
- Financial income +€6,499
up €6,499 (+297%), from €2,188 to €8,686
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
€2,430
Gross operating margin
+€25,314
Depreciation
+€16,999
Other operating charges
-€29,929
Financial income
+€6,499
Financial charges
-€12,700
Taxes
-€1,234
Result 2025
€7,379
raises the resultlowers the result
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
-€267,474
Investment
-€212,578
Financing
+€472,609
Cash 2024
€34,594
From operations (derived)
-€267,474
Net result for the year
+€7,379
Depreciation
+€44,536
Receivables within one year
-€250,000
Deferred charges and accrued income
+€2,188
Trade debts
+€2,380
Tax, wage and social debts
+€234
Other debts
-€78,000
Accrued charges and deferred income
+€3,810
Investment (derived)
-€212,578
Investment in fixed assets (net)
-€212,578
Financing
+€472,609
Debts after one year
+€233,528
Current portion of long-term debt
+€8,581
Contributions, distributions and other
+€230,500
Cash 2025
€27,152
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €818,688 | €1,227,101 | +€408,412 | +49.9% |
| Fixed assets | 21/28 | €731,906 | €899,949 | +€168,042 | +23.0% |
| Tangible fixed assets | 22/27 | €731,906 | €899,949 | +€168,042 | +23.0% |
| Land and buildings | 22 | €637,952 | €824,737 | +€186,785 | +29.3% |
| Plant, machinery and equipment | 23 | €9,704 | €7,278 | -€2,426 | -25.0% |
| Furniture and vehicles | 24 | €84,250 | €67,933 | -€16,317 | -19.4% |
| Current assets | 29/58 | €86,782 | €327,152 | +€240,370 | +277% |
| Amounts receivable within one year | 40/41 | €50,000 | €300,000 | +€250,000 | +500% |
| Other amounts receivable | 41 | €50,000 | €300,000 | +€250,000 | +500% |
| Cash at bank and in hand | 54/58 | €34,594 | €27,152 | -€7,442 | -21.5% |
| Deferred charges and accrued income | 490/1 | €2,188 | - | -€2,188 | |
| Total equity and liabilities | 10/49 | €818,688 | €1,227,101 | +€408,412 | +49.9% |
| Equity | 10/15 | €40,819 | €278,698 | +€237,879 | +583% |
| Contributions | 10/11 | €37,500 | €268,000 | +€230,500 | +615% |
| Capital | 10 | €37,500 | €268,000 | +€230,500 | +615% |
| Issued capital | 100 | €37,500 | €268,000 | +€230,500 | +615% |
| Reserves | 13 | €3,319 | €10,698 | +€7,379 | +222% |
| Distributable reserves | 133 | €3,319 | €10,698 | +€7,379 | +222% |
| Amounts payable | 17/49 | €777,870 | €948,403 | +€170,533 | +21.9% |
| Amounts payable after more than one year | 17 | €544,038 | €777,566 | +€233,528 | +42.9% |
| Financial debts | 170/4 | €544,038 | €777,566 | +€233,528 | +42.9% |
| Amounts payable within one year | 42/48 | €201,913 | €135,107 | -€66,806 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €34,664 | €43,245 | +€8,581 | +24.8% |
| Trade debts | 44 | €6,764 | €9,144 | +€2,380 | +35.2% |
| Suppliers | 440/4 | €6,764 | €9,144 | +€2,380 | +35.2% |
| Taxes, remuneration and social security | 45 | €985 | €1,218 | +€234 | +23.7% |
| Taxes | 450/3 | €985 | €1,218 | +€234 | +23.7% |
| Other amounts payable | 47/48 | €159,500 | €81,500 | -€78,000 | -48.9% |
| Accrued charges and deferred income | 492/3 | €31,919 | €35,730 | +€3,810 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,535 | €44,536 | -€16,999 | -27.6% |
| Other operating charges | 640/8 | €5,376 | €35,305 | +€29,929 | +557% |
| Gross operating margin | 9900 | €91,902 | €117,216 | +€25,314 | +27.5% |
| Operating profit (loss) | 9901 | €24,991 | €37,375 | +€12,384 | +49.6% |
| Financial income | 75/76B | €2,188 | €8,686 | +€6,499 | +297% |
| Recurring financial income | 75 | €2,188 | €8,686 | +€6,499 | +297% |
| Financial charges | 65/66B | €23,764 | €36,464 | +€12,700 | +53.4% |
| Recurring financial charges | 65 | €23,764 | €36,464 | +€12,700 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | €3,415 | €9,598 | +€6,183 | +181% |
| Income taxes | 67/77 | €985 | €2,218 | +€1,234 | +125% |
| Profit (loss) for the period | 9904 | €2,430 | €7,379 | +€4,949 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €2,430 | €7,379 | +€4,949 | +204% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.