DOTHEE MATERIAUX: 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.
DOTHEE MATERIAUX
Largest movements
- Cash +€122,438
up €122,438 (+168%), from €72,670 to €195,108
mainly Depreciation (+€109,199) and Current investments (+€50,000)
- Tangible fixed assets -€57,431
down €57,431 (-11.7%), from €492,007 to €434,576
of which Plant, machinery and equipment: -€38,763
- Current investments -€50,000
down €50,000 (-16.7%), from €300,000 to €250,000
- Reserves +€29,562
up €29,562 (+2.3%), from €1.3m to €1.3m
of which Distributable reserves: +€29,562
- Trade debts -€21,591
down €21,591 (-37.8%), from €57,154 to €35,562
- Other operating charges +€16,340
up €16,340 (+208%), from €7,838 to €24,179
- Depreciation -€9,052
down €9,052 (-7.7%), from €118,252 to €109,199
- Gross operating margin +€5,846
up €5,846 (+2.9%), from €201,363 to €207,209
- Financial income -€4,415
down €4,415 (-17.5%), from €25,205 to €20,790
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 | €1,394,519 | €1,401,958 | +€7,438 | +0.5% |
| Fixed assets | 21/28 | €492,142 | €438,183 | -€53,959 | -11.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €492,007 | €434,576 | -€57,431 | -11.7% |
| Land and buildings | 22 | €43,409 | €43,409 | = | 0.0% |
| Plant, machinery and equipment | 23 | €180,730 | €141,967 | -€38,763 | -21.4% |
| Furniture and vehicles | 24 | €267,868 | €249,200 | -€18,668 | -7.0% |
| Financial fixed assets | 28 | €135 | €3,607 | +€3,472 | +2,572% |
| Current assets | 29/58 | €902,377 | €963,775 | +€61,397 | +6.8% |
| Stocks and contracts in progress | 3 | €366,704 | €361,434 | -€5,269 | -1.4% |
| Stocks | 30/36 | €366,704 | €361,434 | -€5,269 | -1.4% |
| Amounts receivable within one year | 40/41 | €158,416 | €148,609 | -€9,806 | -6.2% |
| Trade receivables | 40 | €138,119 | €125,077 | -€13,042 | -9.4% |
| Other amounts receivable | 41 | €20,296 | €23,532 | +€3,236 | +15.9% |
| Current investments | 50/53 | €300,000 | €250,000 | -€50,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €72,670 | €195,108 | +€122,438 | +168% |
| Deferred charges and accrued income | 490/1 | €4,588 | €8,623 | +€4,035 | +87.9% |
| Total equity and liabilities | 10/49 | €1,394,519 | €1,401,958 | +€7,438 | +0.5% |
| Equity | 10/15 | €1,315,980 | €1,341,373 | +€25,393 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,283,637 | €1,313,199 | +€29,562 | +2.3% |
| Tax-exempt reserves | 132 | €556,243 | €556,243 | = | 0.0% |
| Distributable reserves | 133 | €727,394 | €756,956 | +€29,562 | +4.1% |
| Investment grants | 15 | €13,743 | €9,574 | -€4,168 | -30.3% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €78,540 | €60,584 | -€17,955 | -22.9% |
| Amounts payable within one year | 42/48 | €78,518 | €60,584 | -€17,934 | -22.8% |
| Trade debts | 44 | €57,154 | €35,562 | -€21,591 | -37.8% |
| Suppliers | 440/4 | €57,154 | €35,562 | -€21,591 | -37.8% |
| Taxes, remuneration and social security | 45 | €14,284 | €14,458 | +€175 | +1.2% |
| Taxes | 450/3 | €6,932 | €6,933 | +€0 | 0.0% |
| Remuneration and social security | 454/9 | €7,351 | €7,526 | +€175 | +2.4% |
| Other amounts payable | 47/48 | €7,081 | €10,564 | +€3,483 | +49.2% |
| Accrued charges and deferred income | 492/3 | €22 | €0 | -€22 | -99.3% |
| Remuneration, social security and pensions | 62 | €49,158 | €49,811 | +€652 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,252 | €109,199 | -€9,052 | -7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,716 | €1,809 | -€906 | -33.4% |
| Other operating charges | 640/8 | €7,838 | €24,179 | +€16,340 | +208% |
| Gross operating margin | 9900 | €201,363 | €207,209 | +€5,846 | +2.9% |
| Operating profit (loss) | 9901 | €23,399 | €22,210 | -€1,188 | -5.1% |
| Financial income | 75/76B | €25,205 | €20,790 | -€4,415 | -17.5% |
| Recurring financial income | 75 | €25,205 | €20,790 | -€4,415 | -17.5% |
| Financial charges | 65/66B | €4,179 | €3,382 | -€797 | -19.1% |
| Recurring financial charges | 65 | €4,179 | €3,382 | -€797 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €44,424 | €39,618 | -€4,806 | -10.8% |
| Transfer from deferred taxes | 780 | €131 | - | -€131 | |
| Income taxes | 67/77 | €11,002 | €10,056 | -€946 | -8.6% |
| Profit (loss) for the period | 9904 | €33,553 | €29,562 | -€3,992 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,553 | €29,562 | -€3,992 | -11.9% |
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 31 October 2026 via checked.be.