Dos Hermanos: 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.
Dos Hermanos
Largest movements
- Cash -€19,660
down €19,660 (-17.4%), from €113,004 to €93,344
mainly Other debts (-€50,000) and Debts after one year (-€12,078)
- Tangible fixed assets -€18,572
down €18,572 (-4.8%), from €386,353 to €367,781
of which Land and buildings: -€13,619
- Other debts -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Debts after one year -€12,078
down €12,078 (-3.8%), from €316,699 to €304,621
- Trade debts +€10,728
up €10,728 (+75.8%), from €14,158 to €24,886
- Reserves +€9,001
up €9,001 (+16.8%), from €53,560 to €62,560
- Gross operating margin -€13,142
down €13,142 (-20.9%), from €62,893 to €49,751
- Taxes +€1,497
up €1,497 (+54.8%), from €2,734 to €4,231
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 | €572,408 | €526,973 | -€45,435 | -7.9% |
| Fixed assets | 21/28 | €386,353 | €367,781 | -€18,572 | -4.8% |
| Tangible fixed assets | 22/27 | €386,353 | €367,781 | -€18,572 | -4.8% |
| Land and buildings | 22 | €372,821 | €359,202 | -€13,619 | -3.7% |
| Plant, machinery and equipment | 23 | €9,159 | €5,176 | -€3,983 | -43.5% |
| Furniture and vehicles | 24 | €4,373 | €3,403 | -€970 | -22.2% |
| Current assets | 29/58 | €186,055 | €159,192 | -€26,863 | -14.4% |
| Stocks and contracts in progress | 3 | €19,134 | €15,805 | -€3,329 | -17.4% |
| Stocks | 30/36 | €19,134 | €15,805 | -€3,329 | -17.4% |
| Amounts receivable within one year | 40/41 | €53,494 | €49,174 | -€4,320 | -8.1% |
| Trade receivables | 40 | €47,904 | €41,829 | -€6,075 | -12.7% |
| Other amounts receivable | 41 | €5,590 | €7,346 | +€1,756 | +31.4% |
| Cash at bank and in hand | 54/58 | €113,004 | €93,344 | -€19,660 | -17.4% |
| Deferred charges and accrued income | 490/1 | €423 | €869 | +€445 | +105% |
| Total equity and liabilities | 10/49 | €572,408 | €526,973 | -€45,435 | -7.9% |
| Equity | 10/15 | €123,560 | €132,560 | +€9,001 | +7.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €53,560 | €62,560 | +€9,001 | +16.8% |
| Distributable reserves | 133 | €53,560 | €62,560 | +€9,001 | +16.8% |
| Amounts payable | 17/49 | €448,848 | €394,412 | -€54,436 | -12.1% |
| Amounts payable after more than one year | 17 | €316,699 | €304,621 | -€12,078 | -3.8% |
| Financial debts | 170/4 | €316,699 | €304,621 | -€12,078 | -3.8% |
| Amounts payable within one year | 42/48 | €125,761 | €86,974 | -€38,786 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €11,603 | €12,078 | +€476 | +4.1% |
| Trade debts | 44 | €14,158 | €24,886 | +€10,728 | +75.8% |
| Suppliers | 440/4 | €14,158 | €24,886 | +€10,728 | +75.8% |
| Taxes, remuneration and social security | 45 | - | €11 | +€11 | |
| Taxes | 450/3 | - | €11 | +€11 | |
| Other amounts payable | 47/48 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €6,389 | €2,817 | -€3,571 | -55.9% |
| Non-recurring operating income | 76A | €1,624 | €0 | -€1,624 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,005 | €18,572 | +€567 | +3.1% |
| Other operating charges | 640/8 | €728 | €544 | -€184 | -25.3% |
| Non-recurring operating charges | 66A | €2,719 | - | -€2,719 | |
| Gross operating margin | 9900 | €62,893 | €49,751 | -€13,142 | -20.9% |
| Operating profit (loss) | 9901 | €41,441 | €30,635 | -€10,806 | -26.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €16,984 | €17,403 | +€419 | +2.5% |
| Recurring financial charges | 65 | €16,984 | €17,403 | +€419 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €24,457 | €13,232 | -€11,226 | -45.9% |
| Income taxes | 67/77 | €2,734 | €4,231 | +€1,497 | +54.8% |
| Profit (loss) for the period | 9904 | €21,723 | €9,001 | -€12,723 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,723 | €9,001 | -€12,723 | -58.6% |
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 13 October 2026 via checked.be.