Dorados: 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.
Dorados
Largest movements
- Tangible fixed assets -€19,665
down €19,665 (-5.1%), from €383,324 to €363,659
of which Land and buildings: -€11,509
- Receivables within one year -€16,285
down €16,285 (-55.8%), from €29,162 to €12,877
of which Trade receivables: -€15,837
- Profit (loss) carried forward -€18,754
down €18,754 (-43.3%), from -€43,295 to -€62,049
- Debts after one year -€11,916
down €11,916 (-3.8%), from €317,751 to €305,835
- Tax, wage and social debts -€7,650
down €7,650 (-66.7%), from €11,474 to €3,825
of which Taxes: -€8,181
- Other debts +€5,643
up €5,643 (+6.0%), from €93,591 to €99,234
- Accrued charges and deferred income -€4,992
down €4,992 (-70.3%), from €7,104 to €2,111
- Depreciation +€6,633
up €6,633 (+35.8%), from €18,540 to €25,173
- Financial charges +€5,282
up €5,282 (+55.8%), from €9,467 to €14,748
- Staff costs +€4,425
new in 2025: €4,425
- Gross operating margin -€3,453
down €3,453 (-11.3%), from €30,466 to €27,012
- Other operating charges -€933
down €933 (-37.2%), from €2,508 to €1,575
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 | €415,020 | €377,314 | -€37,707 | -9.1% |
| Fixed assets | 21/28 | €383,324 | €363,659 | -€19,665 | -5.1% |
| Tangible fixed assets | 22/27 | €383,324 | €363,659 | -€19,665 | -5.1% |
| Land and buildings | 22 | €336,087 | €324,578 | -€11,509 | -3.4% |
| Plant, machinery and equipment | 23 | €46,711 | €38,927 | -€7,784 | -16.7% |
| Furniture and vehicles | 24 | €525 | €154 | -€372 | -70.7% |
| Current assets | 29/58 | €31,697 | €13,655 | -€18,042 | -56.9% |
| Amounts receivable within one year | 40/41 | €29,162 | €12,877 | -€16,285 | -55.8% |
| Trade receivables | 40 | €28,714 | €12,877 | -€15,837 | -55.2% |
| Other amounts receivable | 41 | €448 | - | -€448 | |
| Cash at bank and in hand | 54/58 | €2,261 | €502 | -€1,759 | -77.8% |
| Deferred charges and accrued income | 490/1 | €274 | €275 | +€1 | +0.5% |
| Total equity and liabilities | 10/49 | €415,020 | €377,314 | -€37,707 | -9.1% |
| Equity | 10/15 | -€42,295 | -€61,049 | -€18,754 | -44.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,295 | -€62,049 | -€18,754 | -43.3% |
| Amounts payable | 17/49 | €457,315 | €438,362 | -€18,953 | -4.1% |
| Amounts payable after more than one year | 17 | €317,751 | €305,835 | -€11,916 | -3.8% |
| Financial debts | 170/4 | €317,751 | €305,835 | -€11,916 | -3.8% |
| Amounts payable within one year | 42/48 | €132,460 | €130,416 | -€2,044 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €11,450 | €11,916 | +€466 | +4.1% |
| Financial debts | 43 | €1,040 | - | -€1,040 | |
| Credit institutions | 430/8 | €1,040 | - | -€1,040 | |
| Trade debts | 44 | €14,905 | €15,441 | +€536 | +3.6% |
| Suppliers | 440/4 | €14,905 | €15,441 | +€536 | +3.6% |
| Taxes, remuneration and social security | 45 | €11,474 | €3,825 | -€7,650 | -66.7% |
| Taxes | 450/3 | €11,474 | €3,293 | -€8,181 | -71.3% |
| Remuneration and social security | 454/9 | - | €532 | +€532 | |
| Other amounts payable | 47/48 | €93,591 | €99,234 | +€5,643 | +6.0% |
| Accrued charges and deferred income | 492/3 | €7,104 | €2,111 | -€4,992 | -70.3% |
| Remuneration, social security and pensions | 62 | - | €4,425 | +€4,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,540 | €25,173 | +€6,633 | +35.8% |
| Other operating charges | 640/8 | €2,508 | €1,575 | -€933 | -37.2% |
| Gross operating margin | 9900 | €30,466 | €27,012 | -€3,453 | -11.3% |
| Operating profit (loss) | 9901 | €9,418 | -€4,161 | -€13,579 | |
| Financial income | 75/76B | €259 | €296 | +€37 | +14.3% |
| Recurring financial income | 75 | €259 | €296 | +€37 | +14.3% |
| Financial charges | 65/66B | €9,467 | €14,748 | +€5,282 | +55.8% |
| Recurring financial charges | 65 | €9,467 | €14,748 | +€5,282 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | €210 | -€18,613 | -€18,824 | |
| Income taxes | 67/77 | €131 | €141 | +€10 | +7.3% |
| Profit (loss) for the period | 9904 | €79 | -€18,754 | -€18,833 | |
| Profit (loss) for the period to be appropriated | 9905 | €79 | -€18,754 | -€18,833 |
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 15 October 2026 via checked.be.