DOSAN: 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.
DOSAN
Largest movements
- Receivables within one year +€33,080
up €33,080 (+7.3%), from €450,922 to €484,002
of which Other amounts receivable: +€29,000
- Advances received +€29,193
up €29,193 (+3.6%), from €807,217 to €836,410
- Gross operating margin -€7,693
down €7,693 (-55.4%), from €13,885 to €6,192
- Depreciation +€2,062
up €2,062 (+2047.2%), from €101 to €2,162
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 | €1,375,518 | €1,398,147 | +€22,629 | +1.6% |
| Fixed assets | 21/28 | €548,611 | €546,449 | -€2,162 | -0.4% |
| Tangible fixed assets | 22/27 | €548,611 | €546,449 | -€2,162 | -0.4% |
| Land and buildings | 22 | €548,611 | €546,449 | -€2,162 | -0.4% |
| Current assets | 29/58 | €826,906 | €851,698 | +€24,792 | +3.0% |
| Amounts receivable after more than one year | 29 | €359,720 | €359,720 | = | 0.0% |
| Other amounts receivable | 291 | €359,720 | €359,720 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €450,922 | €484,002 | +€33,080 | +7.3% |
| Trade receivables | 40 | €346,922 | €351,002 | +€4,080 | +1.2% |
| Other amounts receivable | 41 | €104,000 | €133,000 | +€29,000 | +27.9% |
| Cash at bank and in hand | 54/58 | €16,264 | €7,976 | -€8,288 | -51.0% |
| Total equity and liabilities | 10/49 | €1,375,518 | €1,398,147 | +€22,629 | +1.6% |
| Equity | 10/15 | €57,350 | €48,640 | -€8,709 | -15.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,650 | -€51,360 | -€8,709 | -20.4% |
| Amounts payable | 17/49 | €1,318,168 | €1,349,506 | +€31,339 | +2.4% |
| Amounts payable after more than one year | 17 | €385,000 | €385,000 | = | 0.0% |
| Financial debts | 170/4 | €385,000 | €385,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €819,901 | €839,690 | +€19,789 | +2.4% |
| Trade debts | 44 | €12,093 | €3,078 | -€9,015 | -74.5% |
| Suppliers | 440/4 | €12,093 | €3,078 | -€9,015 | -74.5% |
| Advances received on contracts in progress | 46 | €807,217 | €836,410 | +€29,193 | +3.6% |
| Taxes, remuneration and social security | 45 | €591 | €201 | -€390 | -65.9% |
| Taxes | 450/3 | €591 | €201 | -€390 | -65.9% |
| Accrued charges and deferred income | 492/3 | €113,267 | €124,817 | +€11,550 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101 | €2,162 | +€2,062 | +2047.2% |
| Other operating charges | 640/8 | €1,031 | €998 | -€33 | -3.2% |
| Gross operating margin | 9900 | €13,885 | €6,192 | -€7,693 | -55.4% |
| Operating profit (loss) | 9901 | €12,753 | €3,031 | -€9,722 | -76.2% |
| Financial charges | 65/66B | €11,711 | €11,740 | +€29 | +0.2% |
| Recurring financial charges | 65 | €11,711 | €11,740 | +€29 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €1,042 | -€8,709 | -€9,751 | |
| Profit (loss) for the period | 9904 | €1,042 | -€8,709 | -€9,751 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,042 | -€8,709 | -€9,751 |
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 6 October 2026 via checked.be.