DORU MD: 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.
DORU MD
Largest movements
- Receivables within one year +€101,045
up €101,045 (+23.0%), from €438,377 to €539,422
of which Trade receivables: +€82,436
- Tangible fixed assets -€59,988
down €59,988 (-24.8%), from €241,881 to €181,893
of which Furniture and vehicles: -€59,110
- Cash -€14,269
down €14,269 (-47.3%), from €30,147 to €15,878
mainly Receivables within one year (-€101,045) and Debts after one year (-€28,239)
- Deferred charges and accrued income -€8,284
down €8,284 (-83.8%), from €9,882 to €1,598
- Debts after one year -€28,239
down €28,239 (-18.4%), from €153,756 to €125,517
- Profit (loss) carried forward +€23,185
up €23,185 (+23.3%), from €99,318 to €122,503
- Tax, wage and social debts +€16,653
up €16,653 (+31.2%), from €53,308 to €69,961
of which Taxes: +€8,405
- Current portion of long-term debt +€7,895
up €7,895 (+8.7%), from €90,967 to €98,862
- Other operating charges +€50,039
up €50,039 (+265%), from €18,888 to €68,927
- Gross operating margin -€14,410
down €14,410 (-5.9%), from €244,885 to €230,475
- Depreciation -€11,235
down €11,235 (-15.4%), from €73,124 to €61,889
- Taxes +€8,323
up €8,323 (+157%), from €5,303 to €13,626
- Staff costs -€5,220
down €5,220 (-8.3%), from €62,959 to €57,739
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 | €720,287 | €738,792 | +€18,505 | +2.6% |
| Fixed assets | 21/28 | €241,881 | €181,893 | -€59,988 | -24.8% |
| Tangible fixed assets | 22/27 | €241,881 | €181,893 | -€59,988 | -24.8% |
| Plant, machinery and equipment | 23 | €4,326 | €3,449 | -€877 | -20.3% |
| Furniture and vehicles | 24 | €237,555 | €178,445 | -€59,110 | -24.9% |
| Current assets | 29/58 | €478,406 | €556,899 | +€78,493 | +16.4% |
| Amounts receivable within one year | 40/41 | €438,377 | €539,422 | +€101,045 | +23.0% |
| Trade receivables | 40 | €345,506 | €427,942 | +€82,436 | +23.9% |
| Other amounts receivable | 41 | €92,871 | €111,480 | +€18,609 | +20.0% |
| Cash at bank and in hand | 54/58 | €30,147 | €15,878 | -€14,269 | -47.3% |
| Deferred charges and accrued income | 490/1 | €9,882 | €1,598 | -€8,284 | -83.8% |
| Total equity and liabilities | 10/49 | €720,287 | €738,792 | +€18,505 | +2.6% |
| Equity | 10/15 | €308,898 | €332,082 | +€23,184 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €190,980 | €190,980 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €189,120 | €190,980 | +€1,860 | +1.0% |
| Profit (loss) carried forward | 14 | €99,318 | €122,503 | +€23,185 | +23.3% |
| Amounts payable | 17/49 | €411,389 | €406,710 | -€4,679 | -1.1% |
| Amounts payable after more than one year | 17 | €153,756 | €125,517 | -€28,239 | -18.4% |
| Financial debts | 170/4 | €153,756 | €125,517 | -€28,239 | -18.4% |
| Amounts payable within one year | 42/48 | €257,633 | €281,193 | +€23,560 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €90,967 | €98,862 | +€7,895 | +8.7% |
| Trade debts | 44 | €113,358 | €112,370 | -€988 | -0.9% |
| Suppliers | 440/4 | €113,358 | €112,370 | -€988 | -0.9% |
| Taxes, remuneration and social security | 45 | €53,308 | €69,961 | +€16,653 | +31.2% |
| Taxes | 450/3 | €25,963 | €34,368 | +€8,405 | +32.4% |
| Remuneration and social security | 454/9 | €27,345 | €35,593 | +€8,248 | +30.2% |
| Remuneration, social security and pensions | 62 | €62,959 | €57,739 | -€5,220 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,124 | €61,889 | -€11,235 | -15.4% |
| Other operating charges | 640/8 | €18,888 | €68,927 | +€50,039 | +265% |
| Gross operating margin | 9900 | €244,885 | €230,475 | -€14,410 | -5.9% |
| Operating profit (loss) | 9901 | €89,914 | €41,919 | -€47,995 | -53.4% |
| Financial income | 75/76B | €3,883 | €2,873 | -€1,010 | -26.0% |
| Recurring financial income | 75 | €3,883 | €2,873 | -€1,010 | -26.0% |
| Financial charges | 65/66B | €10,470 | €7,981 | -€2,489 | -23.8% |
| Recurring financial charges | 65 | €10,470 | €7,981 | -€2,489 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €83,327 | €36,811 | -€46,516 | -55.8% |
| Income taxes | 67/77 | €5,303 | €13,626 | +€8,323 | +157% |
| Profit (loss) for the period | 9904 | €78,024 | €23,184 | -€54,840 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,024 | €23,184 | -€54,840 | -70.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.