DOUFFET-MAWET: 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.
DOUFFET-MAWET
Largest movements
- Cash -€290,320
down €290,320 (-49.8%), from €583,387 to €293,067
mainly Current investments (-€250,000) and Investment in fixed assets (net) (-€129,104)
- Current investments +€250,000
up €250,000 (+209%), from €119,840 to €369,840
- Tangible fixed assets +€101,429
up €101,429 (+184%), from €55,182 to €156,612
of which Furniture and vehicles: +€100,688
- Stocks and contracts +€49,679
up €49,679 (+49.8%), from €99,768 to €149,447
- Receivables within one year -€43,990
down €43,990 (-52.7%), from €83,509 to €39,519
of which Trade receivables: -€29,277
- Other debts +€121,773
new in 2025: €121,773
- Trade debts -€37,211
down €37,211 (-68.4%), from €54,394 to €17,183
- Tax, wage and social debts -€30,122
down €30,122 (-61.8%), from €48,751 to €18,629
of which Taxes: -€30,955
- Gross operating margin +€88,669
up €88,669 (+43.3%), from €204,932 to €293,601
- Other operating charges -€82,769
down €82,769 (-97.9%), from €84,530 to €1,761
- Financial charges +€64,273
up €64,273 (+2,080%), from €3,091 to €67,364
- Taxes +€25,816
up €25,816 (+1,403%), from €1,840 to €27,657
- Staff costs +€7,556
up €7,556 (+8.6%), from €88,209 to €95,765
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 | €951,149 | €1,017,270 | +€66,121 | +7.0% |
| Fixed assets | 21/28 | €55,440 | €157,120 | +€101,679 | +183% |
| Tangible fixed assets | 22/27 | €55,182 | €156,612 | +€101,429 | +184% |
| Land and buildings | 22 | €6,528 | €5,870 | -€658 | -10.1% |
| Plant, machinery and equipment | 23 | €1,815 | €3,214 | +€1,399 | +77.0% |
| Furniture and vehicles | 24 | €46,839 | €147,527 | +€100,688 | +215% |
| Financial fixed assets | 28 | €258 | €508 | +€250 | +96.9% |
| Current assets | 29/58 | €895,708 | €860,150 | -€35,558 | -4.0% |
| Stocks and contracts in progress | 3 | €99,768 | €149,447 | +€49,679 | +49.8% |
| Stocks | 30/36 | €99,768 | €149,447 | +€49,679 | +49.8% |
| Amounts receivable within one year | 40/41 | €83,509 | €39,519 | -€43,990 | -52.7% |
| Trade receivables | 40 | €66,434 | €37,157 | -€29,277 | -44.1% |
| Other amounts receivable | 41 | €17,075 | €2,362 | -€14,713 | -86.2% |
| Current investments | 50/53 | €119,840 | €369,840 | +€250,000 | +209% |
| Cash at bank and in hand | 54/58 | €583,387 | €293,067 | -€290,320 | -49.8% |
| Deferred charges and accrued income | 490/1 | €9,205 | €8,277 | -€927 | -10.1% |
| Total equity and liabilities | 10/49 | €951,149 | €1,017,270 | +€66,121 | +7.0% |
| Equity | 10/15 | €841,523 | €851,609 | +€10,086 | +1.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €385,780 | €391,780 | +€6,000 | +1.6% |
| Distributable reserves | 133 | €385,780 | €391,780 | +€6,000 | +1.6% |
| Profit (loss) carried forward | 14 | €435,743 | €439,829 | +€4,086 | +0.9% |
| Amounts payable | 17/49 | €109,626 | €165,661 | +€56,035 | +51.1% |
| Amounts payable within one year | 42/48 | €103,144 | €158,339 | +€55,195 | +53.5% |
| Trade debts | 44 | €54,394 | €17,183 | -€37,211 | -68.4% |
| Suppliers | 440/4 | €54,394 | €17,183 | -€37,211 | -68.4% |
| Advances received on contracts in progress | 46 | - | €755 | +€755 | |
| Taxes, remuneration and social security | 45 | €48,751 | €18,629 | -€30,122 | -61.8% |
| Taxes | 450/3 | €33,472 | €2,517 | -€30,955 | -92.5% |
| Remuneration and social security | 454/9 | €15,279 | €16,111 | +€832 | +5.4% |
| Other amounts payable | 47/48 | - | €121,773 | +€121,773 | |
| Accrued charges and deferred income | 492/3 | €6,482 | €7,321 | +€840 | +13.0% |
| Non-recurring operating income | 76A | - | €33,878 | +€33,878 | |
| Remuneration, social security and pensions | 62 | €88,209 | €95,765 | +€7,556 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,798 | €27,425 | +€3,627 | +15.2% |
| Other operating charges | 640/8 | €84,530 | €1,761 | -€82,769 | -97.9% |
| Gross operating margin | 9900 | €204,932 | €293,601 | +€88,669 | +43.3% |
| Operating profit (loss) | 9901 | €8,395 | €168,650 | +€160,255 | +1,909% |
| Financial income | 75/76B | €30 | €457 | +€427 | +1,440% |
| Recurring financial income | 75 | €30 | €457 | +€427 | +1,440% |
| Financial charges | 65/66B | €3,091 | €67,364 | +€64,273 | +2,080% |
| Recurring financial charges | 65 | €3,091 | €67,364 | +€64,273 | +2,080% |
| Profit (loss) for the period before taxes | 9903 | €5,334 | €101,743 | +€96,409 | +1,808% |
| Income taxes | 67/77 | €1,840 | €27,657 | +€25,816 | +1,403% |
| Profit (loss) for the period | 9904 | €3,494 | €74,086 | +€70,593 | +2,021% |
| Profit (loss) for the period to be appropriated | 9905 | €3,494 | €74,086 | +€70,593 | +2,021% |
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 20 October 2026 via checked.be.