DORENCO: 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.
DORENCO
Largest movements
- Tangible fixed assets -€278,496
down €278,496 (-72.6%), from €383,655 to €105,159
of which Land and buildings: -€276,774
- Receivables within one year -€18,090
down €18,090 (-11.0%), from €164,765 to €146,675
of which Trade receivables: -€11,102
- Cash -€12,728
down €12,728 (-35.9%), from €35,435 to €22,707
mainly Other debts (-€341,433) and Trade debts (-€22,400)
- Other debts -€341,433
down €341,433 (-89.1%), from €383,151 to €41,718
- Profit (loss) carried forward +€54,519
up €54,519 (+42.5%), from -€128,341 to -€73,822
- Trade debts -€22,400
down €22,400 (-98.2%), from €22,808 to €408
- Gross operating margin +€67,477
up €67,477 (+878.5%), from €7,681 to €75,158
- Depreciation -€9,962
down €9,962 (-48.4%), from €20,567 to €10,605
- Other operating charges -€5,166
down €5,166 (-65.6%), from €7,870 to €2,704
- Taxes -€2,904
down €2,904 (-80.0%), from €3,632 to €728
- Financial charges -€1,410
down €1,410 (-17.5%), from €8,054 to €6,644
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 | €583,855 | €274,541 | -€309,314 | -53.0% |
| Fixed assets | 21/28 | €383,655 | €105,159 | -€278,496 | -72.6% |
| Tangible fixed assets | 22/27 | €383,655 | €105,159 | -€278,496 | -72.6% |
| Land and buildings | 22 | €379,875 | €103,101 | -€276,774 | -72.9% |
| Furniture and vehicles | 24 | €3,780 | €2,058 | -€1,722 | -45.6% |
| Current assets | 29/58 | €200,200 | €169,382 | -€30,818 | -15.4% |
| Amounts receivable within one year | 40/41 | €164,765 | €146,675 | -€18,090 | -11.0% |
| Trade receivables | 40 | €41,564 | €30,462 | -€11,102 | -26.7% |
| Other amounts receivable | 41 | €123,201 | €116,213 | -€6,988 | -5.7% |
| Cash at bank and in hand | 54/58 | €35,435 | €22,707 | -€12,728 | -35.9% |
| Total equity and liabilities | 10/49 | €583,855 | €274,541 | -€309,314 | -53.0% |
| Equity | 10/15 | -€2,104 | €52,415 | +€54,519 | |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €2,290 | €2,290 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,290 | €2,290 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,290 | €2,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,341 | -€73,822 | +€54,519 | +42.5% |
| Amounts payable | 17/49 | €585,959 | €222,126 | -€363,833 | -62.1% |
| Amounts payable after more than one year | 17 | €180,000 | €180,000 | = | 0.0% |
| Financial debts | 170/4 | €180,000 | €180,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €405,959 | €42,126 | -€363,833 | -89.6% |
| Trade debts | 44 | €22,808 | €408 | -€22,400 | -98.2% |
| Suppliers | 440/4 | €22,808 | €408 | -€22,400 | -98.2% |
| Other amounts payable | 47/48 | €383,151 | €41,718 | -€341,433 | -89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,567 | €10,605 | -€9,962 | -48.4% |
| Other operating charges | 640/8 | €7,870 | €2,704 | -€5,166 | -65.6% |
| Gross operating margin | 9900 | €7,681 | €75,158 | +€67,477 | +878.5% |
| Operating profit (loss) | 9901 | -€20,756 | €61,849 | +€82,605 | |
| Financial income | 75/76B | €105 | €42 | -€63 | -60.0% |
| Recurring financial income | 75 | €105 | €42 | -€63 | -60.0% |
| Financial charges | 65/66B | €8,054 | €6,644 | -€1,410 | -17.5% |
| Recurring financial charges | 65 | €8,054 | €6,644 | -€1,410 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,705 | €55,247 | +€83,952 | |
| Income taxes | 67/77 | €3,632 | €728 | -€2,904 | -80.0% |
| Profit (loss) for the period | 9904 | -€32,337 | €54,519 | +€86,856 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,337 | €54,519 | +€86,856 |
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 2 October 2026 via checked.be.