DOROTHY.: 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.
DOROTHY.
Largest movements
- Tangible fixed assets -€128,409
down €128,409 (-9.2%), from €1.4m to €1.3m
of which Land and buildings: -€113,020
- Stocks and contracts +€31,276
up €31,276 (+12.4%), from €252,691 to €283,967
- Cash +€26,158
up €26,158 (+32.9%), from €79,464 to €105,622
mainly Depreciation (+€146,330) and Net result for the year (+€26,990)
- Debts after one year -€93,927
down €93,927 (-9.0%), from €1.0m to €949,428
of which Financial debts: -€61,336
- Gross operating margin +€55,429
up €55,429 (+18.3%), from €303,579 to €359,008
- Staff costs +€41,812
up €41,812 (+54.0%), from €77,408 to €119,221
- Taxes +€9,922
up €9,922 (+213%), from €4,653 to €14,575
- Financial charges -€5,635
down €5,635 (-9.2%), from €61,482 to €55,847
- Depreciation -€4,092
down €4,092 (-2.7%), from €150,422 to €146,330
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 | €1,749,261 | €1,660,223 | -€89,037 | -5.1% |
| Fixed assets | 21/28 | €1,395,965 | €1,266,485 | -€129,480 | -9.3% |
| Intangible fixed assets | 21 | €2,342 | €1,171 | -€1,171 | -50.0% |
| Tangible fixed assets | 22/27 | €1,393,622 | €1,265,213 | -€128,409 | -9.2% |
| Land and buildings | 22 | €1,357,062 | €1,244,042 | -€113,020 | -8.3% |
| Plant, machinery and equipment | 23 | €2,682 | €1,768 | -€915 | -34.1% |
| Furniture and vehicles | 24 | €33,878 | €19,403 | -€14,474 | -42.7% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €353,296 | €393,739 | +€40,443 | +11.4% |
| Stocks and contracts in progress | 3 | €252,691 | €283,967 | +€31,276 | +12.4% |
| Stocks | 30/36 | €252,691 | €283,967 | +€31,276 | +12.4% |
| Amounts receivable within one year | 40/41 | €17,727 | €670 | -€17,057 | -96.2% |
| Trade receivables | 40 | €17,607 | - | -€17,607 | |
| Other amounts receivable | 41 | €120 | €670 | +€550 | +459% |
| Cash at bank and in hand | 54/58 | €79,464 | €105,622 | +€26,158 | +32.9% |
| Deferred charges and accrued income | 490/1 | €3,414 | €3,480 | +€66 | +1.9% |
| Total equity and liabilities | 10/49 | €1,749,261 | €1,660,223 | -€89,037 | -5.1% |
| Equity | 10/15 | €543,203 | €554,138 | +€10,935 | +2.0% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Revaluation surpluses | 12 | €266,500 | €266,500 | = | 0.0% |
| Reserves | 13 | €239,173 | €250,108 | +€10,935 | +4.6% |
| Distributable reserves | 133 | €239,173 | €250,108 | +€10,935 | +4.6% |
| Profit (loss) carried forward | 14 | €30 | €30 | = | 0.0% |
| Amounts payable | 17/49 | €1,206,057 | €1,106,086 | -€99,972 | -8.3% |
| Amounts payable after more than one year | 17 | €1,043,355 | €949,428 | -€93,927 | -9.0% |
| Financial debts | 170/4 | €727,881 | €666,545 | -€61,336 | -8.4% |
| Other amounts payable | 178/9 | €315,474 | €282,883 | -€32,591 | -10.3% |
| Amounts payable within one year | 42/48 | €162,702 | €156,623 | -€6,079 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €64,974 | €61,336 | -€3,638 | -5.6% |
| Trade debts | 44 | €73,282 | €59,900 | -€13,382 | -18.3% |
| Suppliers | 440/4 | €73,282 | €59,900 | -€13,382 | -18.3% |
| Taxes, remuneration and social security | 45 | €24,446 | €35,387 | +€10,941 | +44.8% |
| Taxes | 450/3 | €19,185 | €17,195 | -€1,990 | -10.4% |
| Remuneration and social security | 454/9 | €5,261 | €18,192 | +€12,931 | +246% |
| Accrued charges and deferred income | 492/3 | - | €34 | +€34 | |
| Non-recurring operating income | 76A | €6,000 | - | -€6,000 | |
| Remuneration, social security and pensions | 62 | €77,408 | €119,221 | +€41,812 | +54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,422 | €146,330 | -€4,092 | -2.7% |
| Other operating charges | 640/8 | €5,943 | €5,770 | -€173 | -2.9% |
| Gross operating margin | 9900 | €303,579 | €359,008 | +€55,429 | +18.3% |
| Operating profit (loss) | 9901 | €69,806 | €87,688 | +€17,882 | +25.6% |
| Financial income | 75/76B | €11,064 | €9,725 | -€1,339 | -12.1% |
| Recurring financial income | 75 | €11,064 | €9,725 | -€1,339 | -12.1% |
| Financial charges | 65/66B | €61,482 | €55,847 | -€5,635 | -9.2% |
| Recurring financial charges | 65 | €61,482 | €55,847 | -€5,635 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €19,387 | €41,565 | +€22,178 | +114% |
| Income taxes | 67/77 | €4,653 | €14,575 | +€9,922 | +213% |
| Profit (loss) for the period | 9904 | €14,734 | €26,990 | +€12,256 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,734 | €26,990 | +€12,256 | +83.2% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.