DOREL BELGIUM: what changed
Two fiscal 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.
What changed
DOREL BELGIUM
NACE 46.499, Wholesale of other household goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€195,851
2024 · €14,934+€180,917
Equity
€5.3m
2024 · €5.1m+€195,851
Cash
€121,423
2024 · €105,904+€15,519
Balance sheet total
€8.2m
2024 · €7.5m+€661,876
Largest movements
Assets
- Receivables within one year +€696,009
up €696,009 (+9.6%), from €7.3m to €8.0m
of which Other amounts receivable: +€890,301
Equity and liabilities
- Trade debts +€381,345
up €381,345 (+18.1%), from €2.1m to €2.5m
of which Bills of exchange payable: +€2.5m
- Profit (loss) carried forward +€195,851
up €195,851 (+4.3%), from €4.5m to €4.7m
- Tax, wage and social debts +€103,389
up €103,389 (+34.1%), from €302,769 to €406,158
of which Taxes: +€170,422
Income statement
- Goods and materials -€831,766
down €831,766 (-9.6%), from €8.6m to €7.8m
- Turnover -€411,748
down €411,748 (-4.0%), from €10.4m to €10.0m
- Services and other goods +€182,389
up €182,389 (+12.1%), from €1.5m to €1.7m
- Taxes +€141,221
up €141,221, from -€3,503 to €137,718
of which Taxes: +€137,718
- Write-downs -€133,854
down €133,854 (-1144.8%), from -€11,692 to -€145,546
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.
Result 2024
€14,934
Turnover
-€411,748
Other operating income
-€308
Goods and materials
+€831,766
Services and other goods
-€182,389
Staff costs
-€26,603
Depreciation
-€33,764
Write-downs
+€133,854
Other operating charges
-€702
Other operating items
+€18,494
Financial income
-€474
Financial charges
-€5,988
Taxes
-€141,221
Result 2025
€195,851
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.
From operations
+€27,206
Investment
-€11,687
Financing
€0
Cash 2024
€105,904
From operations (derived)
+€27,206
Net result for the year
+€195,851
Depreciation
+€77,620
Receivables within one year
-€696,009
Deferred charges and accrued income
-€16,281
Trade debts
+€381,345
Tax, wage and social debts
+€103,389
Accrued charges and deferred income
-€18,709
Investment (derived)
-€11,687
Investment in fixed assets (net)
-€11,687
Cash 2025
€121,423
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,542,850 | €8,204,726 | +€661,876 | +8.8% |
| Fixed assets | 21/28 | €173,637 | €107,704 | -€65,933 | -38.0% |
| Tangible fixed assets | 22/27 | €172,637 | €107,704 | -€64,933 | -37.6% |
| Other tangible fixed assets | 26 | €172,637 | €107,704 | -€64,933 | -37.6% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Other financial fixed assets | 284/8 | €1,000 | - | -€1,000 | |
| Amounts receivable and cash guarantees | 285/8 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €7,369,213 | €8,097,022 | +€727,809 | +9.9% |
| Amounts receivable within one year | 40/41 | €7,256,446 | €7,952,455 | +€696,009 | +9.6% |
| Trade receivables | 40 | €1,991,467 | €1,797,175 | -€194,292 | -9.8% |
| Other amounts receivable | 41 | €5,264,979 | €6,155,280 | +€890,301 | +16.9% |
| Cash at bank and in hand | 54/58 | €105,904 | €121,423 | +€15,519 | +14.7% |
| Deferred charges and accrued income | 490/1 | €6,863 | €23,144 | +€16,281 | +237.2% |
| Total equity and liabilities | 10/49 | €7,542,850 | €8,204,726 | +€661,876 | +8.8% |
| Equity | 10/15 | €5,103,089 | €5,298,940 | +€195,851 | +3.8% |
| Contributions | 10/11 | €520,576 | €520,576 | = | 0.0% |
| Capital | 10 | €520,576 | €520,576 | = | 0.0% |
| Issued capital | 100 | €520,576 | €520,576 | = | 0.0% |
| Reserves | 13 | €67,560 | €67,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €52,058 | €52,058 | = | 0.0% |
| Legal reserve | 130 | €52,058 | €52,058 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,502 | €15,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,514,953 | €4,710,804 | +€195,851 | +4.3% |
| Amounts payable | 17/49 | €2,439,761 | €2,905,786 | +€466,025 | +19.1% |
| Amounts payable within one year | 42/48 | €2,414,357 | €2,899,091 | +€484,734 | +20.1% |
| Trade debts | 44 | €2,111,588 | €2,492,933 | +€381,345 | +18.1% |
| Suppliers | 440/4 | €2,111,588 | - | -€2.1m | |
| Bills of exchange payable | 441 | - | €2,492,933 | +€2.5m | |
| Taxes, remuneration and social security | 45 | €302,769 | €406,158 | +€103,389 | +34.1% |
| Taxes | 450/3 | €205,350 | €375,772 | +€170,422 | +83.0% |
| Remuneration and social security | 454/9 | €97,419 | €30,386 | -€67,033 | -68.8% |
| Accrued charges and deferred income | 492/3 | €25,404 | €6,695 | -€18,709 | -73.6% |
| Operating income | 70/76A | €10,400,202 | €10,000,520 | -€399,682 | -3.8% |
| Turnover | 70 | €10,399,894 | €9,988,146 | -€411,748 | -4.0% |
| Other operating income | 74 | €308 | - | -€308 | |
| Non-recurring operating income | 76A | - | €12,374 | +€12,374 | |
| Operating charges | 60/66A | €10,459,649 | €9,731,367 | -€728,282 | -7.0% |
| Goods for resale, raw materials and consumables | 60 | €8,647,899 | €7,816,133 | -€831,766 | -9.6% |
| Purchases | 600/8 | €8,647,899 | €7,816,133 | -€831,766 | -9.6% |
| Services and other goods | 61 | €1,508,367 | €1,690,756 | +€182,389 | +12.1% |
| Remuneration, social security and pensions | 62 | €264,859 | €291,462 | +€26,603 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,856 | €77,620 | +€33,764 | +77.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,692 | -€145,546 | -€133,854 | -1144.8% |
| Other operating charges | 640/8 | €240 | €942 | +€702 | +292.5% |
| Non-recurring operating charges | 66A | €6,120 | - | -€6,120 | |
| Operating profit (loss) | 9901 | -€59,447 | €269,153 | +€328,600 | |
| Financial income | 75/76B | €76,643 | €76,169 | -€474 | -0.6% |
| Recurring financial income | 75 | €76,643 | €76,169 | -€474 | -0.6% |
| Other financial income | 752/9 | €76,643 | €76,169 | -€474 | -0.6% |
| Financial charges | 65/66B | €5,765 | €11,753 | +€5,988 | +103.9% |
| Recurring financial charges | 65 | €5,765 | €11,753 | +€5,988 | +103.9% |
| Other financial charges | 652/9 | €5,765 | €11,753 | +€5,988 | +103.9% |
| Profit (loss) for the period before taxes | 9903 | €11,431 | €333,569 | +€322,138 | +2818.1% |
| Income taxes | 67/77 | -€3,503 | €137,718 | +€141,221 | |
| Taxes | 670/3 | - | €137,718 | +€137,718 | |
| Tax adjustments and reversals of tax provisions | 77 | €3,503 | - | -€3,503 | |
| Profit (loss) for the period | 9904 | €14,934 | €195,851 | +€180,917 | +1211.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,934 | €195,851 | +€180,917 | +1211.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.