DORVAN: 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.
DORVAN
Largest movements
- Cash +€247,895
up €247,895 (+50.4%), from €491,524 to €739,418
mainly Receivables within one year (+€243,264) and Net result for the year (+€102,193)
- Receivables within one year -€243,264
down €243,264 (-93.3%), from €260,613 to €17,349
of which Trade receivables: -€233,497
- Current investments +€83,625
up €83,625 (+23.5%), from €355,375 to €439,000
- Tangible fixed assets -€13,587
down €13,587 (-39.4%), from €34,489 to €20,902
of which Furniture and vehicles: -€12,658
- Reserves +€102,193
up €102,193 (+13.7%), from €744,936 to €847,129
- Gross operating margin -€19,381
down €19,381 (-11.3%), from €171,727 to €152,346
- Financial income +€13,228
up €13,228 (+86.8%), from €15,236 to €28,463
- Taxes +€6,403
up €6,403 (+14.2%), from €45,217 to €51,619
- Financial charges -€6,252
down €6,252 (-37.9%), from €16,483 to €10,231
of which Non-recurring financial charges: -€6,125
- Provisions -€2,500
new in 2025: -€2,500
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
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 | €1,145,846 | €1,218,364 | +€72,518 | +6.3% |
| Fixed assets | 21/28 | €34,539 | €20,952 | -€13,587 | -39.3% |
| Tangible fixed assets | 22/27 | €34,489 | €20,902 | -€13,587 | -39.4% |
| Plant, machinery and equipment | 23 | €3,254 | €2,926 | -€328 | -10.1% |
| Furniture and vehicles | 24 | €29,736 | €17,077 | -€12,658 | -42.6% |
| Other tangible fixed assets | 26 | €1,499 | €899 | -€600 | -40.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,111,307 | €1,197,412 | +€86,105 | +7.7% |
| Amounts receivable within one year | 40/41 | €260,613 | €17,349 | -€243,264 | -93.3% |
| Trade receivables | 40 | €245,846 | €12,349 | -€233,497 | -95.0% |
| Other amounts receivable | 41 | €14,766 | €5,000 | -€9,766 | -66.1% |
| Current investments | 50/53 | €355,375 | €439,000 | +€83,625 | +23.5% |
| Cash at bank and in hand | 54/58 | €491,524 | €739,418 | +€247,895 | +50.4% |
| Deferred charges and accrued income | 490/1 | €3,796 | €1,645 | -€2,151 | -56.7% |
| Total equity and liabilities | 10/49 | €1,145,846 | €1,218,364 | +€72,518 | +6.3% |
| Equity | 10/15 | €1,038,310 | €1,140,503 | +€102,193 | +9.8% |
| Contributions | 10/11 | €293,374 | €293,374 | = | 0.0% |
| Reserves | 13 | €744,936 | €847,129 | +€102,193 | +13.7% |
| Distributable reserves | 133 | €744,936 | €847,129 | +€102,193 | +13.7% |
| Provisions and deferred taxes | 16 | €2,500 | - | -€2,500 | |
| Provisions for liabilities and charges | 160/5 | €2,500 | - | -€2,500 | |
| Major repairs and maintenance | 162 | €2,500 | - | -€2,500 | |
| Amounts payable | 17/49 | €105,036 | €77,861 | -€27,175 | -25.9% |
| Amounts payable within one year | 42/48 | €101,630 | €74,526 | -€27,103 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €6,751 | - | -€6,751 | |
| Trade debts | 44 | €19,457 | €12,345 | -€7,112 | -36.6% |
| Suppliers | 440/4 | €19,457 | €12,345 | -€7,112 | -36.6% |
| Taxes, remuneration and social security | 45 | €27,196 | €19,502 | -€7,695 | -28.3% |
| Taxes | 450/3 | €27,196 | €19,502 | -€7,695 | -28.3% |
| Other amounts payable | 47/48 | €48,225 | €42,680 | -€5,546 | -11.5% |
| Accrued charges and deferred income | 492/3 | €3,406 | €3,334 | -€72 | -2.1% |
| Non-recurring operating income | 76A | €22,450 | - | -€22,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,320 | €13,587 | -€734 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,526 | €2,263 | -€2,263 | -50.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€2,500 | -€2,500 | |
| Other operating charges | 640/8 | €2,291 | €3,415 | +€1,125 | +49.1% |
| Gross operating margin | 9900 | €171,727 | €152,346 | -€19,381 | -11.3% |
| Operating profit (loss) | 9901 | €150,590 | €135,581 | -€15,009 | -10.0% |
| Financial income | 75/76B | €15,236 | €28,463 | +€13,228 | +86.8% |
| Recurring financial income | 75 | €15,236 | €28,463 | +€13,228 | +86.8% |
| Financial charges | 65/66B | €16,483 | €10,231 | -€6,252 | -37.9% |
| Recurring financial charges | 65 | €4,233 | €4,106 | -€127 | -3.0% |
| Non-recurring financial charges | 66B | €12,250 | €6,125 | -€6,125 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €149,342 | €153,813 | +€4,471 | +3.0% |
| Income taxes | 67/77 | €45,217 | €51,619 | +€6,403 | +14.2% |
| Profit (loss) for the period | 9904 | €104,125 | €102,193 | -€1,932 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €104,125 | €102,193 | -€1,932 | -1.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.