DORCO: 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.
DORCO
Largest movements
- Receivables within one year -€19,856
down €19,856 (-51.7%), from €38,419 to €18,563
- Tangible fixed assets -€4,321
down €4,321 (-28.9%), from €14,966 to €10,645
- Other debts -€7,809
down €7,809 (-31.3%), from €24,910 to €17,101
- Profit (loss) carried forward -€7,600
down €7,600 (-20.2%), from -€37,537 to -€45,137
- Short-term financial debts -€4,261
down €4,261 (-70.5%), from €6,041 to €1,780
- Tax, wage and social debts -€2,990
down €2,990 (-17.4%), from €17,217 to €14,227
of which Remuneration and social security: -€2,400
- Trade debts -€1,260
down €1,260 (-17.6%), from €7,167 to €5,907
- Gross operating margin -€19,717
down €19,717, from €18,020 to -€1,697
- Staff costs -€14,848
no longer reported in 2025 (was €14,848)
- Depreciation +€994
up €994 (+25.4%), from €3,905 to €4,899
- Financial income +€528
up €528 (+586%), from €90 to €618
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 | €55,564 | €31,645 | -€23,919 | -43.0% |
| Fixed assets | 21/28 | €16,900 | €12,579 | -€4,321 | -25.6% |
| Tangible fixed assets | 22/27 | €14,966 | €10,645 | -€4,321 | -28.9% |
| Plant, machinery and equipment | 23 | €4,432 | €2,724 | -€1,708 | -38.5% |
| Furniture and vehicles | 24 | €3,899 | €2,441 | -€1,458 | -37.4% |
| Other tangible fixed assets | 26 | €6,635 | €5,480 | -€1,155 | -17.4% |
| Financial fixed assets | 28 | €1,934 | €1,934 | = | 0.0% |
| Current assets | 29/58 | €38,664 | €19,066 | -€19,598 | -50.7% |
| Amounts receivable within one year | 40/41 | €38,419 | €18,563 | -€19,856 | -51.7% |
| Trade receivables | 40 | €38,419 | €18,563 | -€19,856 | -51.7% |
| Cash at bank and in hand | 54/58 | - | €199 | +€199 | |
| Deferred charges and accrued income | 490/1 | €246 | €305 | +€59 | +24.0% |
| Total equity and liabilities | 10/49 | €55,564 | €31,645 | -€23,919 | -43.0% |
| Equity | 10/15 | €229 | -€7,370 | -€7,600 | |
| Contributions | 10/11 | €34,333 | €34,333 | = | 0.0% |
| Reserves | 13 | €3,433 | €3,433 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,433 | €3,433 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,433 | €3,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,537 | -€45,137 | -€7,600 | -20.2% |
| Amounts payable | 17/49 | €55,335 | €39,015 | -€16,320 | -29.5% |
| Amounts payable within one year | 42/48 | €55,335 | €39,015 | -€16,320 | -29.5% |
| Financial debts | 43 | €6,041 | €1,780 | -€4,261 | -70.5% |
| Credit institutions | 430/8 | €6,041 | €1,780 | -€4,261 | -70.5% |
| Trade debts | 44 | €7,167 | €5,907 | -€1,260 | -17.6% |
| Suppliers | 440/4 | €7,167 | €5,907 | -€1,260 | -17.6% |
| Taxes, remuneration and social security | 45 | €17,217 | €14,227 | -€2,990 | -17.4% |
| Taxes | 450/3 | €2,417 | €1,827 | -€590 | -24.4% |
| Remuneration and social security | 454/9 | €14,800 | €12,400 | -€2,400 | -16.2% |
| Other amounts payable | 47/48 | €24,910 | €17,101 | -€7,809 | -31.3% |
| Remuneration, social security and pensions | 62 | €14,848 | - | -€14,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,905 | €4,899 | +€994 | +25.4% |
| Other operating charges | 640/8 | €522 | €488 | -€35 | -6.6% |
| Non-recurring operating charges | 66A | €373 | €63 | -€310 | -83.1% |
| Gross operating margin | 9900 | €18,020 | -€1,697 | -€19,717 | |
| Operating profit (loss) | 9901 | -€1,629 | -€7,147 | -€5,518 | -339% |
| Financial income | 75/76B | €90 | €618 | +€528 | +586% |
| Recurring financial income | 75 | €90 | €618 | +€528 | +586% |
| Financial charges | 65/66B | €606 | €668 | +€62 | +10.2% |
| Recurring financial charges | 65 | €606 | €668 | +€62 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,145 | -€7,197 | -€5,051 | -235% |
| Income taxes | 67/77 | €227 | €403 | +€176 | +77.6% |
| Profit (loss) for the period | 9904 | -€2,372 | -€7,600 | -€5,227 | -220% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,372 | -€7,600 | -€5,227 | -220% |
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 19 October 2026 via checked.be.