DOSANOVA: 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.
DOSANOVA
Largest movements
- Tangible fixed assets +€533,748
up €533,748 (+316%), from €169,006 to €702,754
of which Other tangible fixed assets: +€532,718
- Receivables within one year -€221,591
down €221,591 (-49.8%), from €445,280 to €223,689
of which Trade receivables: -€251,153
- Stocks and contracts +€153,981
up €153,981 (+42.4%), from €362,816 to €516,798
- Cash -€105,149
down €105,149 (-21.5%), from €488,885 to €383,736
mainly Investment in fixed assets (net) (-€598,413) and Contributions, distributions and other (-€214,721)
- Debts after one year +€256,509
new in 2025: €256,509
- Reserves +€76,752
up €76,752 (+5.3%), from €1.4m to €1.5m
- Tax, wage and social debts -€45,516
down €45,516 (-71.2%), from €63,886 to €18,370
of which Taxes: -€47,174
- Trade debts +€38,031
up €38,031 (+110%), from €34,556 to €72,587
- Current portion of long-term debt +€26,386
new in 2025: €26,386
- Gross operating margin -€173,174
down €173,174 (-22.0%), from €788,510 to €615,336
- Taxes -€77,681
down €77,681 (-39.3%), from €197,520 to €119,840
- Staff costs +€37,589
up €37,589 (+43.8%), from €85,778 to €123,367
- Depreciation +€36,897
up €36,897 (+81.3%), from €45,381 to €82,278
- Financial income +€16,653
up €16,653 (+332%), from €5,017 to €21,670
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 | €1,555,295 | €1,908,267 | +€352,972 | +22.7% |
| Fixed assets | 21/28 | €244,718 | €760,854 | +€516,135 | +211% |
| Intangible fixed assets | 21 | €69,262 | €58,100 | -€11,163 | -16.1% |
| Tangible fixed assets | 22/27 | €169,006 | €702,754 | +€533,748 | +316% |
| Land and buildings | 22 | €53,271 | €47,981 | -€5,290 | -9.9% |
| Plant, machinery and equipment | 23 | €66,890 | €75,141 | +€8,251 | +12.3% |
| Furniture and vehicles | 24 | €39,242 | €37,311 | -€1,931 | -4.9% |
| Other tangible fixed assets | 26 | €9,602 | €542,321 | +€532,718 | +5,548% |
| Financial fixed assets | 28 | €6,450 | €0 | -€6,450 | -100% |
| Current assets | 29/58 | €1,310,577 | €1,147,413 | -€163,164 | -12.4% |
| Stocks and contracts in progress | 3 | €362,816 | €516,798 | +€153,981 | +42.4% |
| Stocks | 30/36 | €362,816 | €516,798 | +€153,981 | +42.4% |
| Amounts receivable within one year | 40/41 | €445,280 | €223,689 | -€221,591 | -49.8% |
| Trade receivables | 40 | €418,641 | €167,488 | -€251,153 | -60.0% |
| Other amounts receivable | 41 | €26,639 | €56,201 | +€29,562 | +111% |
| Cash at bank and in hand | 54/58 | €488,885 | €383,736 | -€105,149 | -21.5% |
| Deferred charges and accrued income | 490/1 | €13,595 | €23,190 | +€9,595 | +70.6% |
| Total equity and liabilities | 10/49 | €1,555,295 | €1,908,267 | +€352,972 | +22.7% |
| Equity | 10/15 | €1,455,780 | €1,532,532 | +€76,752 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,437,180 | €1,513,932 | +€76,752 | +5.3% |
| Distributable reserves | 133 | €1,437,180 | €1,513,932 | +€76,752 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €99,515 | €375,735 | +€276,220 | +278% |
| Amounts payable after more than one year | 17 | - | €256,509 | +€256,509 | |
| Financial debts | 170/4 | - | €256,509 | +€256,509 | |
| Amounts payable within one year | 42/48 | €98,443 | €117,344 | +€18,901 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | - | €26,386 | +€26,386 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €34,556 | €72,587 | +€38,031 | +110% |
| Suppliers | 440/4 | €34,556 | €72,587 | +€38,031 | +110% |
| Taxes, remuneration and social security | 45 | €63,886 | €18,370 | -€45,516 | -71.2% |
| Taxes | 450/3 | €58,342 | €11,168 | -€47,174 | -80.9% |
| Remuneration and social security | 454/9 | €5,544 | €7,203 | +€1,658 | +29.9% |
| Accrued charges and deferred income | 492/3 | €1,072 | €1,882 | +€810 | +75.5% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €85,778 | €123,367 | +€37,589 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,381 | €82,278 | +€36,897 | +81.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€300 | -€300 | |
| Other operating charges | 640/8 | €19,886 | €3,937 | -€15,949 | -80.2% |
| Gross operating margin | 9900 | €788,510 | €615,336 | -€173,174 | -22.0% |
| Operating profit (loss) | 9901 | €637,465 | €406,053 | -€231,411 | -36.3% |
| Financial income | 75/76B | €5,017 | €21,670 | +€16,653 | +332% |
| Recurring financial income | 75 | €5,017 | €21,670 | +€16,653 | +332% |
| Financial charges | 65/66B | €11,649 | €16,411 | +€4,762 | +40.9% |
| Recurring financial charges | 65 | €11,649 | €16,411 | +€4,762 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €630,833 | €411,313 | -€219,520 | -34.8% |
| Income taxes | 67/77 | €197,520 | €119,840 | -€77,681 | -39.3% |
| Profit (loss) for the period | 9904 | €433,313 | €291,473 | -€141,840 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €433,313 | €291,473 | -€141,840 | -32.7% |
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 15 October 2026 via checked.be.