DOUDEDOC: 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.
DOUDEDOC
Largest movements
- Cash +€116,857
up €116,857 (+17.3%), from €676,510 to €793,366
mainly Net result for the year (+€179,422) and Other debts (+€59,696)
- Deferred charges and accrued income -€37,444
down €37,444 (-88.4%), from €42,361 to €4,917
- Tangible fixed assets +€25,194
up €25,194 (+21.5%), from €117,211 to €142,405
of which Plant, machinery and equipment: +€28,860
- Receivables within one year -€20,451
down €20,451 (-45.5%), from €44,975 to €24,524
- Reserves +€73,209
up €73,209 (+8.9%), from €818,452 to €891,661
- Other debts +€59,696
new in 2025: €59,696
- Tax, wage and social debts -€41,689
no longer reported in 2025 (was €41,689)
- Gross operating margin -€68,330
down €68,330 (-19.7%), from €347,005 to €278,675
- Taxes -€21,028
down €21,028 (-19.7%), from €106,689 to €85,661
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 | €881,220 | €965,338 | +€84,118 | +9.5% |
| Fixed assets | 21/28 | €117,249 | €142,405 | +€25,155 | +21.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €117,211 | €142,405 | +€25,194 | +21.5% |
| Land and buildings | 22 | €101,044 | €97,377 | -€3,667 | -3.6% |
| Plant, machinery and equipment | 23 | €14,867 | €43,728 | +€28,860 | +194.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €1,300 | €1,300 | = | 0.0% |
| Financial fixed assets | 28 | €38 | - | -€38 | |
| Current assets | 29/58 | €763,971 | €822,933 | +€58,962 | +7.7% |
| Stocks and contracts in progress | 3 | €125 | €125 | = | 0.0% |
| Stocks | 30/36 | €125 | €125 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,975 | €24,524 | -€20,451 | -45.5% |
| Other amounts receivable | 41 | €44,975 | €24,524 | -€20,451 | -45.5% |
| Cash at bank and in hand | 54/58 | €676,510 | €793,366 | +€116,857 | +17.3% |
| Deferred charges and accrued income | 490/1 | €42,361 | €4,917 | -€37,444 | -88.4% |
| Total equity and liabilities | 10/49 | €881,220 | €965,338 | +€84,118 | +9.5% |
| Equity | 10/15 | €830,864 | €904,074 | +€73,209 | +8.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €818,452 | €891,661 | +€73,209 | +8.9% |
| Distributable reserves | 133 | €818,452 | €891,661 | +€73,209 | +8.9% |
| Profit (loss) carried forward | 14 | €13 | €13 | = | 0.0% |
| Amounts payable | 17/49 | €50,355 | €61,264 | +€10,908 | +21.7% |
| Amounts payable within one year | 42/48 | €50,254 | €60,977 | +€10,723 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €6,904 | - | -€6,904 | |
| Trade debts | 44 | €1,660 | €1,281 | -€379 | -22.8% |
| Suppliers | 440/4 | €1,660 | €1,281 | -€379 | -22.8% |
| Taxes, remuneration and social security | 45 | €41,689 | - | -€41,689 | |
| Taxes | 450/3 | €41,689 | - | -€41,689 | |
| Other amounts payable | 47/48 | - | €59,696 | +€59,696 | |
| Accrued charges and deferred income | 492/3 | €102 | €287 | +€185 | +181.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,834 | €8,535 | +€702 | +9.0% |
| Other operating charges | 640/8 | €1,762 | €2,288 | +€526 | +29.8% |
| Gross operating margin | 9900 | €347,005 | €278,675 | -€68,330 | -19.7% |
| Operating profit (loss) | 9901 | €337,409 | €267,852 | -€69,557 | -20.6% |
| Financial income | 75/76B | €1,798 | €2,357 | +€559 | +31.1% |
| Recurring financial income | 75 | €1,798 | €2,357 | +€559 | +31.1% |
| Financial charges | 65/66B | €5,924 | €5,126 | -€798 | -13.5% |
| Recurring financial charges | 65 | €5,924 | €5,126 | -€798 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €333,284 | €265,083 | -€68,201 | -20.5% |
| Income taxes | 67/77 | €106,689 | €85,661 | -€21,028 | -19.7% |
| Profit (loss) for the period | 9904 | €226,594 | €179,422 | -€47,173 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €226,594 | €179,422 | -€47,173 | -20.8% |
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.