DORST: 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.
DORST
Largest movements
- Deferred charges and accrued income +€91,826
new in 2025: €91,826
- Receivables within one year -€72,048
down €72,048 (-1.6%), from €4.4m to €4.3m
- Trade debts -€85,987
down €85,987 (-54.8%), from €156,830 to €70,843
- Profit (loss) carried forward +€83,936
up €83,936 (+4.9%), from €1.7m to €1.8m
- Financial income -€84,172
down €84,172 (-50.1%), from €168,064 to €83,892
of which Financial income: -€51,586
- Gross operating margin +€71,255
up €71,255, from -€2,485 to €68,770
- Depreciation +€28,306
up €28,306 (+276.8%), from €10,225 to €38,530
- Taxes -€1,000
down €1,000 (-3.3%), from €30,000 to €29,000
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,544,837 | €4,546,786 | +€1,949 | 0.0% |
| Fixed assets | 21/28 | €173,802 | €155,972 | -€17,830 | -10.3% |
| Tangible fixed assets | 22/27 | €173,802 | €155,972 | -€17,830 | -10.3% |
| Plant, machinery and equipment | 23 | €173,802 | €155,972 | -€17,830 | -10.3% |
| Current assets | 29/58 | €4,371,035 | €4,390,814 | +€19,779 | +0.5% |
| Amounts receivable within one year | 40/41 | €4,371,035 | €4,298,987 | -€72,048 | -1.6% |
| Other amounts receivable | 41 | €4,371,035 | €4,298,987 | -€72,048 | -1.6% |
| Deferred charges and accrued income | 490/1 | - | €91,826 | +€91,826 | |
| Total equity and liabilities | 10/49 | €4,544,837 | €4,546,786 | +€1,949 | 0.0% |
| Equity | 10/15 | €4,016,103 | €4,100,039 | +€83,936 | +2.1% |
| Contributions | 10/11 | €416,124 | €416,124 | = | 0.0% |
| Capital | 10 | €416,124 | €416,124 | = | 0.0% |
| Issued capital | 100 | €416,124 | €416,124 | = | 0.0% |
| Reserves | 13 | €1,883,091 | €1,883,091 | = | 0.0% |
| Non-distributable reserves | 130/1 | €41,612 | €41,612 | = | 0.0% |
| Legal reserve | 130 | €41,612 | €41,612 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,841,209 | €1,841,209 | = | 0.0% |
| Distributable reserves | 133 | €270 | €270 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,716,888 | €1,800,824 | +€83,936 | +4.9% |
| Amounts payable | 17/49 | €528,734 | €446,747 | -€81,987 | -15.5% |
| Amounts payable within one year | 42/48 | €528,734 | €446,747 | -€81,987 | -15.5% |
| Trade debts | 44 | €156,830 | €70,843 | -€85,987 | -54.8% |
| Suppliers | 440/4 | €156,830 | €70,843 | -€85,987 | -54.8% |
| Taxes, remuneration and social security | 45 | €371,904 | €375,904 | +€4,000 | +1.1% |
| Taxes | 450/3 | €371,904 | €375,904 | +€4,000 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,225 | €38,530 | +€28,306 | +276.8% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | -€2,485 | €68,770 | +€71,255 | |
| Operating profit (loss) | 9901 | -€13,818 | €29,097 | +€42,914 | |
| Financial income | 75/76B | €168,064 | €83,892 | -€84,172 | -50.1% |
| Recurring financial income | 75 | €135,478 | €83,892 | -€51,586 | -38.1% |
| Non-recurring financial income | 76B | €32,586 | - | -€32,586 | |
| Financial charges | 65/66B | - | €53 | +€53 | |
| Recurring financial charges | 65 | - | €53 | +€53 | |
| Profit (loss) for the period before taxes | 9903 | €154,247 | €112,936 | -€41,311 | -26.8% |
| Income taxes | 67/77 | €30,000 | €29,000 | -€1,000 | -3.3% |
| Profit (loss) for the period | 9904 | €124,247 | €83,936 | -€40,311 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €124,247 | €83,936 | -€40,311 | -32.4% |
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 5 October 2026 via checked.be.