DOUROS: 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.
DOUROS
Largest movements
- Tangible fixed assets +€30,046
up €30,046 (+58.9%), from €51,047 to €81,093
of which Plant, machinery and equipment: +€35,168
- Receivables within one year +€9,072
up €9,072 (+35.3%), from €25,720 to €34,792
of which Other amounts receivable: +€5,911
- Cash -€5,505
down €5,505 (-50.7%), from €10,865 to €5,359
mainly Investment in fixed assets (net) (-€43,934) and Net result for the year (-€19,376)
- Debts after one year +€34,070
up €34,070 (+486.7%), from €7,000 to €41,070
of which Financial debts: +€20,070
- Profit (loss) carried forward -€19,376
down €19,376 (-1107.8%), from -€1,749 to -€21,125
- Trade debts +€16,686
up €16,686 (+58.9%), from €28,331 to €45,017
- Other debts -€11,266
down €11,266 (-98.6%), from €11,423 to €157
- Current portion of long-term debt +€7,505
new in 2025: €7,505
- Gross operating margin -€29,328
down €29,328 (-67.6%), from €43,417 to €14,089
- Other operating charges -€3,091
down €3,091 (-32.8%), from €9,437 to €6,347
- Depreciation +€2,325
up €2,325 (+20.1%), from €11,563 to €13,888
- Taxes +€2,079
new in 2025: €2,079
- Financial charges +€1,330
up €1,330 (+40.3%), from €3,300 to €4,630
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 | €111,094 | €145,980 | +€34,886 | +31.4% |
| Fixed assets | 21/28 | €51,047 | €81,093 | +€30,046 | +58.9% |
| Tangible fixed assets | 22/27 | €51,047 | €81,093 | +€30,046 | +58.9% |
| Land and buildings | 22 | €31,492 | €27,678 | -€3,814 | -12.1% |
| Plant, machinery and equipment | 23 | €17,431 | €52,600 | +€35,168 | +201.8% |
| Furniture and vehicles | 24 | €1,462 | €485 | -€977 | -66.9% |
| Other tangible fixed assets | 26 | €662 | €331 | -€331 | -50.0% |
| Current assets | 29/58 | €60,047 | €64,887 | +€4,840 | +8.1% |
| Stocks and contracts in progress | 3 | €23,412 | €24,464 | +€1,052 | +4.5% |
| Stocks | 30/36 | €23,412 | €24,464 | +€1,052 | +4.5% |
| Amounts receivable within one year | 40/41 | €25,720 | €34,792 | +€9,072 | +35.3% |
| Trade receivables | 40 | €25,566 | €28,727 | +€3,161 | +12.4% |
| Other amounts receivable | 41 | €154 | €6,064 | +€5,911 | +3848.9% |
| Cash at bank and in hand | 54/58 | €10,865 | €5,359 | -€5,505 | -50.7% |
| Deferred charges and accrued income | 490/1 | €51 | €272 | +€221 | +437.8% |
| Total equity and liabilities | 10/49 | €111,094 | €145,980 | +€34,886 | +31.4% |
| Equity | 10/15 | €60,284 | €40,908 | -€19,376 | -32.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €33 | €33 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33 | €33 | = | 0.0% |
| Legal reserve | 130 | €33 | €33 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,749 | -€21,125 | -€19,376 | -1107.8% |
| Amounts payable | 17/49 | €50,810 | €105,072 | +€54,262 | +106.8% |
| Amounts payable after more than one year | 17 | €7,000 | €41,070 | +€34,070 | +486.7% |
| Financial debts | 170/4 | - | €20,070 | +€20,070 | |
| Other amounts payable | 178/9 | €7,000 | €21,000 | +€14,000 | +200.0% |
| Amounts payable within one year | 42/48 | €43,810 | €64,002 | +€20,192 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,505 | +€7,505 | |
| Trade debts | 44 | €28,331 | €45,017 | +€16,686 | +58.9% |
| Suppliers | 440/4 | €28,331 | €45,017 | +€16,686 | +58.9% |
| Taxes, remuneration and social security | 45 | €4,055 | €11,323 | +€7,268 | +179.2% |
| Taxes | 450/3 | €2,932 | €9,872 | +€6,940 | +236.7% |
| Remuneration and social security | 454/9 | €1,123 | €1,451 | +€328 | +29.2% |
| Other amounts payable | 47/48 | €11,423 | €157 | -€11,266 | -98.6% |
| Remuneration, social security and pensions | 62 | €5,609 | €6,901 | +€1,292 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,563 | €13,888 | +€2,325 | +20.1% |
| Other operating charges | 640/8 | €9,437 | €6,347 | -€3,091 | -32.8% |
| Gross operating margin | 9900 | €43,417 | €14,089 | -€29,328 | -67.6% |
| Operating profit (loss) | 9901 | €16,807 | -€13,047 | -€29,855 | |
| Financial income | 75/76B | €15 | €380 | +€365 | +2445.0% |
| Recurring financial income | 75 | €15 | €380 | +€365 | +2445.0% |
| Financial charges | 65/66B | €3,300 | €4,630 | +€1,330 | +40.3% |
| Recurring financial charges | 65 | €3,300 | €4,630 | +€1,330 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €13,523 | -€17,298 | -€30,820 | |
| Income taxes | 67/77 | - | €2,079 | +€2,079 | |
| Profit (loss) for the period | 9904 | €13,523 | -€19,376 | -€32,899 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,523 | -€19,376 | -€32,899 |
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.