DORENO: 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.
DORENO
Largest movements
- Tangible fixed assets +€50,087
up €50,087 (+480%), from €10,437 to €60,524
of which Furniture and vehicles: +€46,742
- Cash +€28,052
up €28,052 (+22.4%), from €125,380 to €153,433
mainly Net result for the year (+€68,626) and Trade debts (+€40,389)
- Receivables within one year +€14,919
up €14,919 (+10.6%), from €140,565 to €155,484
of which Trade receivables: +€19,623
- Reserves +€68,626
up €68,626 (+67.8%), from €101,179 to €169,806
of which Distributable reserves: +€68,626
- Trade debts +€40,389
up €40,389 (+30.3%), from €133,194 to €173,583
- Tax, wage and social debts -€13,740
down €13,740 (-41.7%), from €32,942 to €19,202
of which Taxes: -€19,589
- Gross operating margin +€35,562
up €35,562 (+39.0%), from €91,192 to €126,754
- Staff costs +€18,687
up €18,687 (+6,092%), from €307 to €18,994
- Depreciation +€9,650
up €9,650 (+852%), from €1,133 to €10,784
- Taxes -€2,758
down €2,758 (-9.4%), from €29,442 to €26,685
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 | €285,938 | €381,191 | +€95,253 | +33.3% |
| Fixed assets | 21/28 | €16,537 | €66,624 | +€50,087 | +303% |
| Tangible fixed assets | 22/27 | €10,437 | €60,524 | +€50,087 | +480% |
| Plant, machinery and equipment | 23 | - | €3,345 | +€3,345 | |
| Furniture and vehicles | 24 | €10,437 | €57,179 | +€46,742 | +448% |
| Financial fixed assets | 28 | €6,100 | €6,100 | = | 0.0% |
| Current assets | 29/58 | €269,401 | €314,567 | +€45,166 | +16.8% |
| Amounts receivable within one year | 40/41 | €140,565 | €155,484 | +€14,919 | +10.6% |
| Trade receivables | 40 | €110,945 | €130,568 | +€19,623 | +17.7% |
| Other amounts receivable | 41 | €29,619 | €24,916 | -€4,704 | -15.9% |
| Cash at bank and in hand | 54/58 | €125,380 | €153,433 | +€28,052 | +22.4% |
| Deferred charges and accrued income | 490/1 | €3,456 | €5,651 | +€2,195 | +63.5% |
| Total equity and liabilities | 10/49 | €285,938 | €381,191 | +€95,253 | +33.3% |
| Equity | 10/15 | €119,779 | €188,406 | +€68,626 | +57.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,179 | €169,806 | +€68,626 | +67.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €101,179 | €169,806 | +€68,626 | +67.8% |
| Amounts payable | 17/49 | €166,159 | €192,785 | +€26,626 | +16.0% |
| Amounts payable within one year | 42/48 | €166,159 | €192,785 | +€26,626 | +16.0% |
| Trade debts | 44 | €133,194 | €173,583 | +€40,389 | +30.3% |
| Suppliers | 440/4 | €133,194 | €173,583 | +€40,389 | +30.3% |
| Taxes, remuneration and social security | 45 | €32,942 | €19,202 | -€13,740 | -41.7% |
| Taxes | 450/3 | €29,442 | €9,854 | -€19,589 | -66.5% |
| Remuneration and social security | 454/9 | €3,500 | €9,349 | +€5,849 | +167% |
| Other amounts payable | 47/48 | €23 | €0 | -€23 | -100% |
| Remuneration, social security and pensions | 62 | €307 | €18,994 | +€18,687 | +6,092% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,133 | €10,784 | +€9,650 | +852% |
| Other operating charges | 640/8 | €1,924 | €1,592 | -€332 | -17.3% |
| Gross operating margin | 9900 | €91,192 | €126,754 | +€35,562 | +39.0% |
| Operating profit (loss) | 9901 | €87,828 | €95,384 | +€7,556 | +8.6% |
| Financial income | 75/76B | €28 | €159 | +€131 | +469% |
| Recurring financial income | 75 | €28 | €159 | +€131 | +469% |
| Financial charges | 65/66B | €206 | €232 | +€26 | +12.6% |
| Recurring financial charges | 65 | €206 | €232 | +€26 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €87,650 | €95,311 | +€7,661 | +8.7% |
| Income taxes | 67/77 | €29,442 | €26,685 | -€2,758 | -9.4% |
| Profit (loss) for the period | 9904 | €58,208 | €68,626 | +€10,419 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,208 | €68,626 | +€10,419 | +17.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.