dotOcean: 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.
dotOcean
Largest movements
- Receivables within one year +€5.6m
up €5.6m (+84.6%), from €6.6m to €12.2m
of which Other amounts receivable: +€5.0m
- Intangible fixed assets +€1.2m
up €1.2m (+88.9%), from €1.4m to €2.6m
- Current investments -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Cash -€698,476
down €698,476 (-41.8%), from €1.7m to €973,650
mainly Receivables within one year (-€5.6m) and Investment in fixed assets (net) (-€2.2m)
- Investment grants +€3.6m
up €3.6m (+66.0%), from €5.4m to €9.0m
- Accrued charges and deferred income +€1.0m
up €1.0m (+48.5%), from €2.1m to €3.1m
- Provisions +€396,448
up €396,448 (+66.0%), from €601,040 to €997,488
- Advances received +€251,502
up €251,502, from €0 to €251,502
- Tax, wage and social debts +€174,227
up €174,227 (+117.8%), from €147,945 to €322,172
of which Remuneration and social security: +€128,176
- Gross operating margin +€868,852
up €868,852 (+73.0%), from €1.2m to €2.1m
- Staff costs +€579,898
up €579,898 (+39.0%), from €1.5m to €2.1m
- Financial income +€553,092
up €553,092 (+217.7%), from €254,014 to €807,106
- Depreciation +€338,397
up €338,397 (+52.9%), from €639,446 to €977,843
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 | €11,226,472 | €16,446,762 | +€5.2m | +46.5% |
| Fixed assets | 21/28 | €1,583,209 | €2,793,579 | +€1.2m | +76.5% |
| Intangible fixed assets | 21 | €1,378,879 | €2,604,647 | +€1.2m | +88.9% |
| Tangible fixed assets | 22/27 | €188,105 | €172,708 | -€15,397 | -8.2% |
| Plant, machinery and equipment | 23 | €142,391 | €134,993 | -€7,398 | -5.2% |
| Furniture and vehicles | 24 | €45,714 | €31,524 | -€14,190 | -31.0% |
| Other tangible fixed assets | 26 | - | €6,191 | +€6,191 | |
| Financial fixed assets | 28 | €16,225 | €16,225 | = | 0.0% |
| Current assets | 29/58 | €9,643,263 | €13,653,183 | +€4.0m | +41.6% |
| Stocks and contracts in progress | 3 | €171,192 | €225,749 | +€54,557 | +31.9% |
| Stocks | 30/36 | €171,192 | €225,749 | +€54,557 | +31.9% |
| Amounts receivable within one year | 40/41 | €6,581,214 | €12,151,359 | +€5.6m | +84.6% |
| Trade receivables | 40 | €271,454 | €864,416 | +€592,962 | +218.4% |
| Other amounts receivable | 41 | €6,309,760 | €11,286,943 | +€5.0m | +78.9% |
| Current investments | 50/53 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €1,672,125 | €973,650 | -€698,476 | -41.8% |
| Deferred charges and accrued income | 490/1 | €218,732 | €302,426 | +€83,694 | +38.3% |
| Total equity and liabilities | 10/49 | €11,226,472 | €16,446,762 | +€5.2m | +46.5% |
| Equity | 10/15 | €8,038,663 | €11,496,708 | +€3.5m | +43.0% |
| Contributions | 10/11 | €3,218,600 | €3,218,600 | = | 0.0% |
| Capital | 10 | €301,124 | €301,124 | = | 0.0% |
| Issued capital | 100 | €301,124 | €301,124 | = | 0.0% |
| Outside capital | 11 | €2,917,476 | €2,917,476 | = | 0.0% |
| Share premium | 1100/10 | €2,917,476 | €2,917,476 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,860 | €21,860 | = | 0.0% |
| Legal reserve | 130 | €21,860 | €21,860 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€642,469 | -€773,013 | -€130,544 | -20.3% |
| Investment grants | 15 | €5,440,671 | €9,029,261 | +€3.6m | +66.0% |
| Provisions and deferred taxes | 16 | €601,040 | €997,488 | +€396,448 | +66.0% |
| Deferred taxes | 168 | €601,040 | €997,488 | +€396,448 | +66.0% |
| Amounts payable | 17/49 | €2,586,769 | €3,952,566 | +€1.4m | +52.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €483,784 | €829,892 | +€346,107 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €25,723 | €0 | -€25,723 | -100.0% |
| Trade debts | 44 | €310,117 | €256,218 | -€53,898 | -17.4% |
| Suppliers | 440/4 | €310,117 | €256,218 | -€53,898 | -17.4% |
| Advances received on contracts in progress | 46 | €0 | €251,502 | +€251,502 | |
| Taxes, remuneration and social security | 45 | €147,945 | €322,172 | +€174,227 | +117.8% |
| Taxes | 450/3 | €1,700 | €47,751 | +€46,051 | +2709.1% |
| Remuneration and social security | 454/9 | €146,245 | €274,421 | +€128,176 | +87.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,102,985 | €3,122,674 | +€1.0m | +48.5% |
| Remuneration, social security and pensions | 62 | €1,486,717 | €2,066,615 | +€579,898 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €639,446 | €977,843 | +€338,397 | +52.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,821 | €20,580 | +€17,760 | +629.6% |
| Gross operating margin | 9900 | €1,189,477 | €2,058,328 | +€868,852 | +73.0% |
| Operating profit (loss) | 9901 | -€939,507 | -€1,006,710 | -€67,203 | -7.2% |
| Financial income | 75/76B | €254,014 | €807,106 | +€553,092 | +217.7% |
| Recurring financial income | 75 | €254,014 | €807,106 | +€553,092 | +217.7% |
| Financial charges | 65/66B | €24,883 | €16,616 | -€8,267 | -33.2% |
| Recurring financial charges | 65 | €24,883 | €16,616 | -€8,267 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | -€710,376 | -€216,220 | +€494,156 | +69.6% |
| Transfer from deferred taxes | 780 | €20,450 | €88,539 | +€68,089 | +333.0% |
| Income taxes | 67/77 | €2,535 | €2,863 | +€328 | +12.9% |
| Profit (loss) for the period | 9904 | -€692,461 | -€130,544 | +€561,917 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€692,461 | -€130,544 | +€561,917 | +81.1% |
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 29 September 2026 via checked.be.