DOUGHERTY: 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.
DOUGHERTY
Largest movements
- Cash +€89,509
up €89,509 (+141.1%), from €63,418 to €152,927
mainly Net result for the year (+€83,027) and Tax, wage and social debts (+€30,107)
- Intangible fixed assets -€20,000
down €20,000 (-10.5%), from €190,765 to €170,765
- Deferred charges and accrued income +€15,347
up €15,347 (+26.0%), from €59,058 to €74,406
- Tangible fixed assets -€5,580
down €5,580 (-39.4%), from €14,164 to €8,584
- Profit (loss) carried forward +€83,027
up €83,027 (+115.1%), from €72,158 to €155,185
- Other debts -€39,386
down €39,386 (-18.1%), from €218,059 to €178,672
- Tax, wage and social debts +€30,107
up €30,107 (+109.0%), from €27,634 to €57,741
of which Remuneration and social security: +€28,870
- Trade debts +€5,529
up €5,529 (+84.4%), from €6,555 to €12,084
- Gross operating margin +€26,422
up €26,422 (+22.3%), from €118,527 to €144,948
- Depreciation +€12,425
up €12,425 (+94.5%), from €13,154 to €25,580
- Financial charges +€4,755
up €4,755 (+59.6%), from €7,972 to €12,726
- Taxes -€2,566
down €2,566 (-10.2%), from €25,242 to €22,676
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 | €327,405 | €406,682 | +€79,277 | +24.2% |
| Fixed assets | 21/28 | €204,929 | €179,349 | -€25,580 | -12.5% |
| Intangible fixed assets | 21 | €190,765 | €170,765 | -€20,000 | -10.5% |
| Tangible fixed assets | 22/27 | €14,164 | €8,584 | -€5,580 | -39.4% |
| Furniture and vehicles | 24 | €14,164 | €8,584 | -€5,580 | -39.4% |
| Current assets | 29/58 | €122,477 | €227,333 | +€104,856 | +85.6% |
| Cash at bank and in hand | 54/58 | €63,418 | €152,927 | +€89,509 | +141.1% |
| Deferred charges and accrued income | 490/1 | €59,058 | €74,406 | +€15,347 | +26.0% |
| Total equity and liabilities | 10/49 | €327,405 | €406,682 | +€79,277 | +24.2% |
| Equity | 10/15 | €75,158 | €158,185 | +€83,027 | +110.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,158 | €155,185 | +€83,027 | +115.1% |
| Amounts payable | 17/49 | €252,247 | €248,497 | -€3,750 | -1.5% |
| Amounts payable within one year | 42/48 | €252,247 | €248,497 | -€3,750 | -1.5% |
| Trade debts | 44 | €6,555 | €12,084 | +€5,529 | +84.4% |
| Suppliers | 440/4 | €6,555 | €12,084 | +€5,529 | +84.4% |
| Taxes, remuneration and social security | 45 | €27,634 | €57,741 | +€30,107 | +109.0% |
| Taxes | 450/3 | €27,634 | €28,871 | +€1,237 | +4.5% |
| Remuneration and social security | 454/9 | - | €28,870 | +€28,870 | |
| Other amounts payable | 47/48 | €218,059 | €178,672 | -€39,386 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,154 | €25,580 | +€12,425 | +94.5% |
| Other operating charges | 640/8 | - | €939 | +€939 | |
| Gross operating margin | 9900 | €118,527 | €144,948 | +€26,422 | +22.3% |
| Operating profit (loss) | 9901 | €105,372 | €118,430 | +€13,057 | +12.4% |
| Financial charges | 65/66B | €7,972 | €12,726 | +€4,755 | +59.6% |
| Recurring financial charges | 65 | €7,972 | €12,726 | +€4,755 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | €97,401 | €105,703 | +€8,303 | +8.5% |
| Income taxes | 67/77 | €25,242 | €22,676 | -€2,566 | -10.2% |
| Profit (loss) for the period | 9904 | €72,158 | €83,027 | +€10,868 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,158 | €83,027 | +€10,868 | +15.1% |
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 4 October 2026 via checked.be.