DOURO: 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.
DOURO
Largest movements
- Tangible fixed assets +€498,957
up €498,957 (+450%), from €110,791 to €609,749
of which Other tangible fixed assets: +€374,531
- Receivables within one year -€387,800
down €387,800 (-50.3%), from €770,995 to €383,195
of which Trade receivables: -€371,781
- Stocks and contracts +€99,056
up €99,056 (+131%), from €75,472 to €174,528
- Cash +€65,507
up €65,507 (+87.3%), from €75,008 to €140,515
mainly Receivables within one year (+€387,800) and Debts after one year (+€236,040)
- Intangible fixed assets +€42,264
new in 2025: €42,264
- Debts after one year +€236,040
up €236,040 (+416%), from €56,716 to €292,756
- Profit (loss) carried forward +€101,857
up €101,857 (+24.7%), from €411,851 to €513,707
- Short-term financial debts -€100,000
down €100,000 (-40.0%), from €250,000 to €150,000
- Trade debts +€60,167
up €60,167 (+27.5%), from €219,035 to €279,201
- Tax, wage and social debts +€30,882
up €30,882 (+512%), from €6,028 to €36,910
of which Remuneration and social security: +€23,865
- Gross operating margin -€160,164
down €160,164 (-34.5%), from €463,679 to €303,515
- Taxes -€81,751
down €81,751 (-84.3%), from €97,011 to €15,259
- Staff costs +€79,550
up €79,550 (+202%), from €39,413 to €118,963
- Depreciation +€22,272
up €22,272 (+87.0%), from €25,610 to €47,882
- Financial charges +€16,265
up €16,265 (+447%), from €3,641 to €19,906
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 | €1,049,072 | €1,393,023 | +€343,951 | +32.8% |
| Fixed assets | 21/28 | €114,256 | €652,013 | +€537,757 | +471% |
| Intangible fixed assets | 21 | - | €42,264 | +€42,264 | |
| Tangible fixed assets | 22/27 | €110,791 | €609,749 | +€498,957 | +450% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €35,917 | €153,218 | +€117,302 | +327% |
| Furniture and vehicles | 24 | €62,938 | €70,063 | +€7,125 | +11.3% |
| Other tangible fixed assets | 26 | €11,936 | €386,467 | +€374,531 | +3,138% |
| Financial fixed assets | 28 | €3,465 | €0 | -€3,465 | -100% |
| Current assets | 29/58 | €934,816 | €741,010 | -€193,806 | -20.7% |
| Stocks and contracts in progress | 3 | €75,472 | €174,528 | +€99,056 | +131% |
| Stocks | 30/36 | €75,472 | €174,528 | +€99,056 | +131% |
| Amounts receivable within one year | 40/41 | €770,995 | €383,195 | -€387,800 | -50.3% |
| Trade receivables | 40 | €684,637 | €312,856 | -€371,781 | -54.3% |
| Other amounts receivable | 41 | €86,358 | €70,339 | -€16,019 | -18.5% |
| Cash at bank and in hand | 54/58 | €75,008 | €140,515 | +€65,507 | +87.3% |
| Deferred charges and accrued income | 490/1 | €13,340 | €42,771 | +€29,431 | +221% |
| Total equity and liabilities | 10/49 | €1,049,072 | €1,393,023 | +€343,951 | +32.8% |
| Equity | 10/15 | €424,983 | €526,840 | +€101,857 | +24.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €733 | €733 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €733 | €733 | = | 0.0% |
| Profit (loss) carried forward | 14 | €411,851 | €513,707 | +€101,857 | +24.7% |
| Amounts payable | 17/49 | €624,088 | €866,183 | +€242,094 | +38.8% |
| Amounts payable after more than one year | 17 | €56,716 | €292,756 | +€236,040 | +416% |
| Financial debts | 170/4 | €56,716 | €292,756 | +€236,040 | +416% |
| Amounts payable within one year | 42/48 | €547,364 | €570,882 | +€23,518 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €28,184 | €53,349 | +€25,165 | +89.3% |
| Financial debts | 43 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Credit institutions | 430/8 | €250,000 | €150,000 | -€100,000 | -40.0% |
| Trade debts | 44 | €219,035 | €279,201 | +€60,167 | +27.5% |
| Suppliers | 440/4 | €219,035 | €279,201 | +€60,167 | +27.5% |
| Taxes, remuneration and social security | 45 | €6,028 | €36,910 | +€30,882 | +512% |
| Taxes | 450/3 | €2,927 | €9,944 | +€7,017 | +240% |
| Remuneration and social security | 454/9 | €3,101 | €26,966 | +€23,865 | +770% |
| Other amounts payable | 47/48 | €44,117 | €51,423 | +€7,305 | +16.6% |
| Accrued charges and deferred income | 492/3 | €20,008 | €2,544 | -€17,464 | -87.3% |
| Non-recurring operating income | 76A | €64 | €0 | -€64 | -100% |
| Remuneration, social security and pensions | 62 | €39,413 | €118,963 | +€79,550 | +202% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,610 | €47,882 | +€22,272 | +87.0% |
| Other operating charges | 640/8 | €712 | €1,017 | +€305 | +42.8% |
| Gross operating margin | 9900 | €463,679 | €303,515 | -€160,164 | -34.5% |
| Operating profit (loss) | 9901 | €397,944 | €135,654 | -€262,291 | -65.9% |
| Financial income | 75/76B | €96 | €1,368 | +€1,273 | +1,331% |
| Recurring financial income | 75 | €96 | €1,368 | +€1,273 | +1,331% |
| Financial charges | 65/66B | €3,641 | €19,906 | +€16,265 | +447% |
| Recurring financial charges | 65 | €3,641 | €19,906 | +€16,265 | +447% |
| Profit (loss) for the period before taxes | 9903 | €394,398 | €117,116 | -€277,282 | -70.3% |
| Income taxes | 67/77 | €97,011 | €15,259 | -€81,751 | -84.3% |
| Profit (loss) for the period | 9904 | €297,388 | €101,857 | -€195,531 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €297,388 | €101,857 | -€195,531 | -65.7% |
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 15 October 2026 via checked.be.