DOREAC: 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.
DOREAC
Largest movements
- Cash -€148,167
down €148,167 (-32.5%), from €456,449 to €308,282
mainly Contributions, distributions and other (-€500,000) and Receivables after one year (-€88,461)
- Receivables after one year +€88,461
up €88,461 (+129.3%), from €68,410 to €156,871
- Receivables within one year +€60,910
up €60,910 (+84.8%), from €71,824 to €132,734
of which Trade receivables: +€45,226
- Other debts +€436,670
up €436,670 (+41048.1%), from €1,064 to €437,734
- Profit (loss) carried forward -€429,377
down €429,377 (-85.1%), from €504,724 to €75,347
- Gross operating margin -€7,059
down €7,059 (-7.2%), from €97,870 to €90,811
- Taxes -€4,720
down €4,720 (-19.7%), from €24,000 to €19,280
- Financial income +€1,634
up €1,634 (+78.2%), from €2,089 to €3,723
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.
Cash bridge derived
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 | €602,661 | €602,746 | +€85 | 0.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,712 | €4,860 | -€852 | -14.9% |
| Tangible fixed assets | 22/27 | €5,712 | €4,860 | -€852 | -14.9% |
| Furniture and vehicles | 24 | €1,277 | €1,653 | +€376 | +29.5% |
| Other tangible fixed assets | 26 | €4,436 | €3,207 | -€1,228 | -27.7% |
| Current assets | 29/58 | €596,948 | €597,886 | +€938 | +0.2% |
| Amounts receivable after more than one year | 29 | €68,410 | €156,871 | +€88,461 | +129.3% |
| Other amounts receivable | 291 | €68,410 | €156,871 | +€88,461 | +129.3% |
| Amounts receivable within one year | 40/41 | €71,824 | €132,734 | +€60,910 | +84.8% |
| Trade receivables | 40 | €41,085 | €86,311 | +€45,226 | +110.1% |
| Other amounts receivable | 41 | €30,739 | €46,423 | +€15,684 | +51.0% |
| Cash at bank and in hand | 54/58 | €456,449 | €308,282 | -€148,167 | -32.5% |
| Deferred charges and accrued income | 490/1 | €266 | €0 | -€266 | -100.0% |
| Total equity and liabilities | 10/49 | €602,661 | €602,746 | +€85 | 0.0% |
| Equity | 10/15 | €509,724 | €80,347 | -€429,377 | -84.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €504,724 | €75,347 | -€429,377 | -85.1% |
| Amounts payable | 17/49 | €92,937 | €522,399 | +€429,463 | +462.1% |
| Amounts payable within one year | 42/48 | €92,596 | €521,407 | +€428,811 | +463.1% |
| Trade debts | 44 | €7,969 | €5,673 | -€2,296 | -28.8% |
| Suppliers | 440/4 | €7,969 | €5,673 | -€2,296 | -28.8% |
| Taxes, remuneration and social security | 45 | €83,563 | €78,000 | -€5,563 | -6.7% |
| Taxes | 450/3 | €83,563 | €78,000 | -€5,563 | -6.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,064 | €437,734 | +€436,670 | +41048.1% |
| Accrued charges and deferred income | 492/3 | €341 | €992 | +€652 | +191.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,902 | €2,611 | +€709 | +37.3% |
| Other operating charges | 640/8 | €916 | €952 | +€37 | +4.0% |
| Gross operating margin | 9900 | €97,870 | €90,811 | -€7,059 | -7.2% |
| Operating profit (loss) | 9901 | €95,053 | €87,248 | -€7,805 | -8.2% |
| Financial income | 75/76B | €2,089 | €3,723 | +€1,634 | +78.2% |
| Recurring financial income | 75 | €2,089 | €3,723 | +€1,634 | +78.2% |
| Financial charges | 65/66B | €140 | €1,068 | +€929 | +665.6% |
| Recurring financial charges | 65 | €140 | €1,068 | +€929 | +665.6% |
| Profit (loss) for the period before taxes | 9903 | €97,003 | €89,903 | -€7,100 | -7.3% |
| Income taxes | 67/77 | €24,000 | €19,280 | -€4,720 | -19.7% |
| Profit (loss) for the period | 9904 | €73,003 | €70,623 | -€2,380 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,003 | €70,623 | -€2,380 | -3.3% |
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 12 October 2026 via checked.be.