DORCHESTER: 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.
DORCHESTER
Largest movements
- Receivables within one year +€343,868
up €343,868 (+35.6%), from €965,908 to €1.3m
of which Other amounts receivable: +€341,279
- Financial fixed assets +€242,866
new in 2025: €242,866
- Receivables after one year -€235,793
no longer reported in 2025 (was €235,793)
- Cash +€74,576
up €74,576 (+73.7%), from €101,216 to €175,793
mainly Net result for the year (+€780,251) and Receivables after one year (+€235,793)
- Profit (loss) carried forward +€780,251
up €780,251 (+24.7%), from -€3.2m to -€2.4m
- Other debts -€350,579
down €350,579 (-10.1%), from €3.5m to €3.1m
- Gross operating margin +€620,904
up €620,904 (+618%), from €100,481 to €721,385
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 | €1,326,641 | €1,754,071 | +€427,431 | +32.2% |
| Fixed assets | 21/28 | €17,893 | €262,575 | +€244,681 | +1,367% |
| Tangible fixed assets | 22/27 | €17,893 | €19,708 | +€1,815 | +10.1% |
| Land and buildings | 22 | €14,029 | €13,630 | -€398 | -2.8% |
| Plant, machinery and equipment | 23 | €523 | €901 | +€378 | +72.3% |
| Furniture and vehicles | 24 | €3,342 | €5,177 | +€1,835 | +54.9% |
| Financial fixed assets | 28 | - | €242,866 | +€242,866 | |
| Current assets | 29/58 | €1,308,747 | €1,491,496 | +€182,749 | +14.0% |
| Amounts receivable after more than one year | 29 | €235,793 | - | -€235,793 | |
| Other amounts receivable | 291 | €235,793 | - | -€235,793 | |
| Stocks and contracts in progress | 3 | €5,800 | €5,800 | = | 0.0% |
| Stocks | 30/36 | €5,800 | €5,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €965,908 | €1,309,776 | +€343,868 | +35.6% |
| Trade receivables | 40 | €61,762 | €64,351 | +€2,588 | +4.2% |
| Other amounts receivable | 41 | €904,146 | €1,245,425 | +€341,279 | +37.7% |
| Cash at bank and in hand | 54/58 | €101,216 | €175,793 | +€74,576 | +73.7% |
| Deferred charges and accrued income | 490/1 | €30 | €127 | +€97 | +324% |
| Total equity and liabilities | 10/49 | €1,326,641 | €1,754,071 | +€427,431 | +32.2% |
| Equity | 10/15 | -€2,894,590 | -€2,114,339 | +€780,251 | +27.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €263,458 | €263,458 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €259,737 | €259,737 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,164,248 | -€2,383,997 | +€780,251 | +24.7% |
| Amounts payable | 17/49 | €4,221,231 | €3,868,410 | -€352,821 | -8.4% |
| Amounts payable within one year | 42/48 | €3,487,431 | €3,134,352 | -€353,079 | -10.1% |
| Taxes, remuneration and social security | 45 | €2,500 | €0 | -€2,500 | -100% |
| Taxes | 450/3 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €3,484,931 | €3,134,352 | -€350,579 | -10.1% |
| Accrued charges and deferred income | 492/3 | €733,800 | €734,058 | +€258 | 0.0% |
| Non-recurring operating income | 76A | - | €600,000 | +€600,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,943 | €2,078 | +€136 | +7.0% |
| Other operating charges | 640/8 | €969 | €1,115 | +€146 | +15.1% |
| Gross operating margin | 9900 | €100,481 | €721,385 | +€620,904 | +618% |
| Operating profit (loss) | 9901 | €97,570 | €718,191 | +€620,622 | +636% |
| Financial income | 75/76B | €56,193 | €62,365 | +€6,172 | +11.0% |
| Recurring financial income | 75 | €56,193 | €62,365 | +€6,172 | +11.0% |
| Financial charges | 65/66B | €308 | €305 | -€2 | -0.8% |
| Recurring financial charges | 65 | €308 | €305 | -€2 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €153,456 | €780,251 | +€626,796 | +408% |
| Profit (loss) for the period | 9904 | €153,456 | €780,251 | +€626,796 | +408% |
| Profit (loss) for the period to be appropriated | 9905 | €153,456 | €780,251 | +€626,796 | +408% |
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 26 October 2026 via checked.be.