DOUVAL: 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.
DOUVAL
Largest movements
- Tangible fixed assets +€5,609
up €5,609 (+4.4%), from €128,176 to €133,785
of which Other tangible fixed assets: +€15,518
- Cash +€1,587
up €1,587 (+14.8%), from €10,734 to €12,321
mainly Other debts (+€27,500) and Depreciation (+€10,896)
- Other debts +€27,500
up €27,500 (+130.8%), from €21,019 to €48,519
- Reserves -€25,700
down €25,700 (-53.1%), from €48,360 to €22,660
of which Distributable reserves: -€23,840
- Tax, wage and social debts +€3,437
up €3,437 (+114.6%), from €3,000 to €6,437
- Current portion of long-term debt +€2,192
up €2,192 (+60.2%), from €3,640 to €5,832
- Taxes +€8,151
up €8,151, from -€300 to €7,851
- Gross operating margin +€977
up €977 (+4.6%), from €21,434 to €22,411
- Depreciation +€950
up €950 (+9.6%), from €9,946 to €10,896
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 | €148,920 | €157,173 | +€8,253 | +5.5% |
| Fixed assets | 21/28 | €128,176 | €133,785 | +€5,609 | +4.4% |
| Tangible fixed assets | 22/27 | €128,176 | €133,785 | +€5,609 | +4.4% |
| Land and buildings | 22 | €128,176 | €118,267 | -€9,909 | -7.7% |
| Other tangible fixed assets | 26 | - | €15,518 | +€15,518 | |
| Current assets | 29/58 | €20,744 | €23,388 | +€2,644 | +12.7% |
| Current investments | 50/53 | €10,010 | €11,067 | +€1,057 | +10.6% |
| Cash at bank and in hand | 54/58 | €10,734 | €12,321 | +€1,587 | +14.8% |
| Total equity and liabilities | 10/49 | €148,920 | €157,173 | +€8,253 | +5.5% |
| Equity | 10/15 | €112,144 | €86,520 | -€25,624 | -22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €48,360 | €22,660 | -€25,700 | -53.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €46,500 | €22,660 | -€23,840 | -51.3% |
| Profit (loss) carried forward | 14 | €45,184 | €45,260 | +€76 | +0.2% |
| Amounts payable | 17/49 | €36,776 | €70,653 | +€33,877 | +92.1% |
| Amounts payable after more than one year | 17 | €9,117 | €9,865 | +€748 | +8.2% |
| Financial debts | 170/4 | €9,117 | €9,865 | +€748 | +8.2% |
| Amounts payable within one year | 42/48 | €27,659 | €60,788 | +€33,129 | +119.8% |
| Current portion of amounts payable after more than one year | 42 | €3,640 | €5,832 | +€2,192 | +60.2% |
| Taxes, remuneration and social security | 45 | €3,000 | €6,437 | +€3,437 | +114.6% |
| Taxes | 450/3 | €3,000 | €6,437 | +€3,437 | +114.6% |
| Other amounts payable | 47/48 | €21,019 | €48,519 | +€27,500 | +130.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,946 | €10,896 | +€950 | +9.6% |
| Other operating charges | 640/8 | €1,228 | €1,329 | +€101 | +8.2% |
| Gross operating margin | 9900 | €21,434 | €22,411 | +€977 | +4.6% |
| Operating profit (loss) | 9901 | €10,260 | €10,186 | -€74 | -0.7% |
| Financial income | 75/76B | €10 | €67 | +€57 | +570.0% |
| Recurring financial income | 75 | €10 | €67 | +€57 | +570.0% |
| Financial charges | 65/66B | €502 | €526 | +€24 | +4.8% |
| Recurring financial charges | 65 | €502 | €526 | +€24 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €9,768 | €9,727 | -€41 | -0.4% |
| Income taxes | 67/77 | -€300 | €7,851 | +€8,151 | |
| Profit (loss) for the period | 9904 | €10,068 | €1,876 | -€8,192 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,068 | €1,876 | -€8,192 | -81.4% |
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 29 September 2026 via checked.be.