DOROTHEA: 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.
DOROTHEA
Largest movements
- Cash -€111,102
down €111,102 (-9.9%), from €1.1m to €1.0m
mainly Contributions, distributions and other (-€299,192) and Other debts (-€176,960)
- Receivables within one year +€18,179
up €18,179 (+13.1%), from €139,025 to €157,204
of which Trade receivables: +€15,594
- Other debts -€176,960
down €176,960 (-29.0%), from €609,898 to €432,937
- Trade debts +€43,332
up €43,332 (+45.7%), from €94,744 to €138,076
- Short-term financial debts +€22,358
up €22,358 (+73.5%), from €30,437 to €52,796
- Depreciation -€30,917
down €30,917 (-77.2%), from €40,047 to €9,130
- Taxes +€10,831
up €10,831 (+12.7%), from €85,316 to €96,147
- Staff costs -€10,230
down €10,230 (-13.1%), from €77,900 to €67,670
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 | €1,426,059 | €1,321,915 | -€104,144 | -7.3% |
| Fixed assets | 21/28 | €22,065 | €14,961 | -€7,104 | -32.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €22,065 | €14,961 | -€7,104 | -32.2% |
| Plant, machinery and equipment | 23 | €765 | €382 | -€383 | -50.0% |
| Furniture and vehicles | 24 | €21,300 | €12,601 | -€8,699 | -40.8% |
| Other tangible fixed assets | 26 | - | €1,977 | +€1,977 | |
| Current assets | 29/58 | €1,403,994 | €1,306,955 | -€97,040 | -6.9% |
| Stocks and contracts in progress | 3 | €142,475 | €139,672 | -€2,803 | -2.0% |
| Stocks | 30/36 | €142,475 | €139,672 | -€2,803 | -2.0% |
| Amounts receivable within one year | 40/41 | €139,025 | €157,204 | +€18,179 | +13.1% |
| Trade receivables | 40 | €115,423 | €131,017 | +€15,594 | +13.5% |
| Other amounts receivable | 41 | €23,602 | €26,187 | +€2,585 | +11.0% |
| Cash at bank and in hand | 54/58 | €1,116,667 | €1,005,564 | -€111,102 | -9.9% |
| Deferred charges and accrued income | 490/1 | €5,828 | €4,515 | -€1,314 | -22.5% |
| Total equity and liabilities | 10/49 | €1,426,059 | €1,321,915 | -€104,144 | -7.3% |
| Equity | 10/15 | €625,919 | €625,919 | = | 0.0% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €555,919 | €555,919 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €555,919 | €555,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €800,140 | €695,996 | -€104,144 | -13.0% |
| Amounts payable within one year | 42/48 | €799,828 | €695,996 | -€103,832 | -13.0% |
| Financial debts | 43 | €30,437 | €52,796 | +€22,358 | +73.5% |
| Credit institutions | 430/8 | €30,437 | €52,796 | +€22,358 | +73.5% |
| Trade debts | 44 | €94,744 | €138,076 | +€43,332 | +45.7% |
| Suppliers | 440/4 | €94,744 | €138,076 | +€43,332 | +45.7% |
| Taxes, remuneration and social security | 45 | €64,749 | €72,187 | +€7,438 | +11.5% |
| Taxes | 450/3 | €49,013 | €57,391 | +€8,378 | +17.1% |
| Remuneration and social security | 454/9 | €15,736 | €14,796 | -€940 | -6.0% |
| Other amounts payable | 47/48 | €609,898 | €432,937 | -€176,960 | -29.0% |
| Accrued charges and deferred income | 492/3 | €312 | €0 | -€312 | -100% |
| Non-recurring operating income | 76A | €826 | €0 | -€826 | -100% |
| Remuneration, social security and pensions | 62 | €77,900 | €67,670 | -€10,230 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,047 | €9,130 | -€30,917 | -77.2% |
| Other operating charges | 640/8 | €3,322 | €3,387 | +€66 | +2.0% |
| Non-recurring operating charges | 66A | - | €800 | +€800 | |
| Gross operating margin | 9900 | €490,545 | €487,673 | -€2,872 | -0.6% |
| Operating profit (loss) | 9901 | €369,277 | €406,685 | +€37,409 | +10.1% |
| Financial income | 75/76B | €3,319 | €4,608 | +€1,289 | +38.8% |
| Recurring financial income | 75 | €3,319 | €4,608 | +€1,289 | +38.8% |
| Financial charges | 65/66B | €16,603 | €15,954 | -€648 | -3.9% |
| Recurring financial charges | 65 | €16,603 | €15,954 | -€648 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €355,994 | €395,339 | +€39,346 | +11.1% |
| Income taxes | 67/77 | €85,316 | €96,147 | +€10,831 | +12.7% |
| Profit (loss) for the period | 9904 | €270,677 | €299,192 | +€28,515 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €270,677 | €299,192 | +€28,515 | +10.5% |
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.