DORIA: 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.
DORIA
Largest movements
- Tangible fixed assets -€21,527
down €21,527 (-3.9%), from €555,807 to €534,280
- Cash +€11,421
up €11,421 (+50.5%), from €22,632 to €34,053
mainly Depreciation (+€21,527) and Debts after one year (+€8,759)
- Reserves -€22,929
down €22,929 (-11.2%), from €205,099 to €182,170
of which Distributable reserves: -€21,354
- Financial charges -€3,376
down €3,376 (-10.5%), from €32,293 to €28,917
- Depreciation +€968
up €968 (+4.7%), from €20,560 to €21,527
- Taxes +€671
new in 2025: €671
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 | €976,103 | €963,105 | -€12,998 | -1.3% |
| Fixed assets | 21/28 | €555,807 | €534,280 | -€21,527 | -3.9% |
| Tangible fixed assets | 22/27 | €555,807 | €534,280 | -€21,527 | -3.9% |
| Land and buildings | 22 | €555,807 | €534,280 | -€21,527 | -3.9% |
| Current assets | 29/58 | €420,296 | €428,825 | +€8,529 | +2.0% |
| Amounts receivable within one year | 40/41 | €397,664 | €394,773 | -€2,892 | -0.7% |
| Other amounts receivable | 41 | €397,664 | €394,773 | -€2,892 | -0.7% |
| Cash at bank and in hand | 54/58 | €22,632 | €34,053 | +€11,421 | +50.5% |
| Total equity and liabilities | 10/49 | €976,103 | €963,105 | -€12,998 | -1.3% |
| Equity | 10/15 | €448,899 | €425,970 | -€22,929 | -5.1% |
| Contributions | 10/11 | €243,800 | €243,800 | = | 0.0% |
| Capital | 10 | €243,800 | €243,800 | = | 0.0% |
| Issued capital | 100 | €243,800 | €243,800 | = | 0.0% |
| Reserves | 13 | €205,099 | €182,170 | -€22,929 | -11.2% |
| Non-distributable reserves | 130/1 | €14,150 | €14,150 | = | 0.0% |
| Legal reserve | 130 | €14,150 | €14,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,943 | €41,368 | -€1,575 | -3.7% |
| Distributable reserves | 133 | €148,006 | €126,652 | -€21,354 | -14.4% |
| Provisions and deferred taxes | 16 | €19,744 | €18,932 | -€811 | -4.1% |
| Deferred taxes | 168 | €19,744 | €18,932 | -€811 | -4.1% |
| Amounts payable | 17/49 | €507,460 | €518,202 | +€10,742 | +2.1% |
| Amounts payable after more than one year | 17 | €85,209 | €93,968 | +€8,759 | +10.3% |
| Other amounts payable | 178/9 | €85,209 | €93,968 | +€8,759 | +10.3% |
| Amounts payable within one year | 42/48 | €422,252 | €424,234 | +€1,982 | +0.5% |
| Taxes, remuneration and social security | 45 | €9,656 | €18,278 | +€8,623 | +89.3% |
| Taxes | 450/3 | €9,656 | €18,278 | +€8,623 | +89.3% |
| Other amounts payable | 47/48 | €412,596 | €405,956 | -€6,640 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,560 | €21,527 | +€968 | +4.7% |
| Other operating charges | 640/8 | €6,654 | €6,718 | +€64 | +1.0% |
| Gross operating margin | 9900 | €34,412 | €34,093 | -€319 | -0.9% |
| Operating profit (loss) | 9901 | €7,199 | €5,847 | -€1,351 | -18.8% |
| Financial income | 75/76B | €47 | €0 | -€47 | -100.0% |
| Recurring financial income | 75 | €47 | €0 | -€47 | -100.0% |
| Financial charges | 65/66B | €32,293 | €28,917 | -€3,376 | -10.5% |
| Recurring financial charges | 65 | €32,293 | €28,917 | -€3,376 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€25,048 | -€23,069 | +€1,978 | +7.9% |
| Transfer from deferred taxes | 780 | €811 | €811 | = | 0.0% |
| Income taxes | 67/77 | - | €671 | +€671 | |
| Profit (loss) for the period | 9904 | -€24,236 | -€22,929 | +€1,308 | +5.4% |
| Transfer from tax-exempt reserves | 789 | €1,575 | €1,575 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,661 | -€21,354 | +€1,308 | +5.8% |
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 4 October 2026 via checked.be.