DORIA MANAGEMENT: 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.
DORIA MANAGEMENT
Largest movements
- Cash +€18,783
up €18,783 (+101%), from €18,586 to €37,369
mainly Net result for the year (+€36,522) and Other debts (+€33,915)
- Receivables within one year -€14,526
down €14,526 (-46.0%), from €31,550 to €17,025
of which Other amounts receivable: -€17,829
- Tangible fixed assets -€2,910
down €2,910 (-32.8%), from €8,882 to €5,972
- Profit (loss) carried forward -€43,478
down €43,478 (-86.8%), from €50,088 to €6,610
- Other debts +€33,915
new in 2025: €33,915
- Tax, wage and social debts +€9,156
up €9,156 (+132%), from €6,918 to €16,074
- Trade debts +€1,754
up €1,754 (+14,995%), from €12 to €1,766
- Gross operating margin +€27,834
up €27,834 (+119%), from €23,418 to €51,252
- Taxes +€6,080
up €6,080 (+117%), from €5,195 to €11,275
- Depreciation +€516
up €516 (+17.8%), from €2,889 to €3,404
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 | €59,018 | €60,366 | +€1,348 | +2.3% |
| Fixed assets | 21/28 | €8,882 | €5,972 | -€2,910 | -32.8% |
| Tangible fixed assets | 22/27 | €8,882 | €5,972 | -€2,910 | -32.8% |
| Furniture and vehicles | 24 | €8,882 | €5,972 | -€2,910 | -32.8% |
| Current assets | 29/58 | €50,136 | €54,394 | +€4,258 | +8.5% |
| Amounts receivable within one year | 40/41 | €31,550 | €17,025 | -€14,526 | -46.0% |
| Trade receivables | 40 | €13,721 | €17,025 | +€3,303 | +24.1% |
| Other amounts receivable | 41 | €17,829 | - | -€17,829 | |
| Cash at bank and in hand | 54/58 | €18,586 | €37,369 | +€18,783 | +101% |
| Total equity and liabilities | 10/49 | €59,018 | €60,366 | +€1,348 | +2.3% |
| Equity | 10/15 | €52,088 | €8,610 | -€43,478 | -83.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,088 | €6,610 | -€43,478 | -86.8% |
| Amounts payable | 17/49 | €6,930 | €51,756 | +€44,826 | +647% |
| Amounts payable within one year | 42/48 | €6,930 | €51,756 | +€44,826 | +647% |
| Trade debts | 44 | €12 | €1,766 | +€1,754 | +14,995% |
| Suppliers | 440/4 | €12 | €1,766 | +€1,754 | +14,995% |
| Taxes, remuneration and social security | 45 | €6,918 | €16,074 | +€9,156 | +132% |
| Taxes | 450/3 | €6,918 | €16,074 | +€9,156 | +132% |
| Other amounts payable | 47/48 | - | €33,915 | +€33,915 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,889 | €3,404 | +€516 | +17.8% |
| Other operating charges | 640/8 | €497 | €267 | -€230 | -46.3% |
| Gross operating margin | 9900 | €23,418 | €51,252 | +€27,834 | +119% |
| Operating profit (loss) | 9901 | €20,033 | €47,581 | +€27,548 | +138% |
| Financial income | 75/76B | €918 | €1,369 | +€450 | +49.1% |
| Recurring financial income | 75 | €918 | €1,369 | +€450 | +49.1% |
| Financial charges | 65/66B | €1,285 | €1,152 | -€133 | -10.3% |
| Recurring financial charges | 65 | €1,285 | €1,152 | -€133 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €19,666 | €47,797 | +€28,131 | +143% |
| Income taxes | 67/77 | €5,195 | €11,275 | +€6,080 | +117% |
| Profit (loss) for the period | 9904 | €14,471 | €36,522 | +€22,051 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €14,471 | €36,522 | +€22,051 | +152% |
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 19 October 2026 via checked.be.