DOVA: 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.
DOVA
Largest movements
- Tangible fixed assets -€123,686
down €123,686 (-13.6%), from €912,017 to €788,331
of which Land and buildings: -€123,478
- Profit (loss) carried forward +€362,778
up €362,778, from -€362,778 to €0
- Reserves -€315,324
down €315,324 (-51.8%), from €608,780 to €293,455
of which Tax-exempt reserves: -€600,989
- Provisions -€200,330
down €200,330 (-100.0%), from €200,330 to €0
- Other debts +€19,052
up €19,052 (+16.5%), from €115,578 to €134,631
- Tax, wage and social debts +€12,332
up €12,332 (+6412.0%), from €192 to €12,525
- Taxes +€168,121
up €168,121 (+87413.0%), from €192 to €168,314
- Gross operating margin +€42,679
up €42,679, from -€450 to €42,229
- Other operating charges +€2,213
up €2,213 (+114.1%), from €1,940 to €4,153
- Depreciation +€1,238
up €1,238 (+5.7%), from €21,774 to €23,012
- Financial charges -€480
down €480 (-85.6%), from €561 to €81
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 | €919,869 | €798,883 | -€120,986 | -13.2% |
| Fixed assets | 21/28 | €912,017 | €788,331 | -€123,686 | -13.6% |
| Tangible fixed assets | 22/27 | €912,017 | €788,331 | -€123,686 | -13.6% |
| Land and buildings | 22 | €911,636 | €788,158 | -€123,478 | -13.5% |
| Furniture and vehicles | 24 | €381 | €173 | -€208 | -54.6% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €7,851 | €10,552 | +€2,700 | +34.4% |
| Amounts receivable within one year | 40/41 | €2,854 | €0 | -€2,854 | -100.0% |
| Trade receivables | 40 | €2,854 | €0 | -€2,854 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,905 | €7,470 | +€4,565 | +157.1% |
| Deferred charges and accrued income | 490/1 | €2,092 | €3,082 | +€990 | +47.3% |
| Total equity and liabilities | 10/49 | €919,869 | €798,883 | -€120,986 | -13.2% |
| Equity | 10/15 | €600,502 | €647,955 | +€47,453 | +7.9% |
| Contributions | 10/11 | €354,500 | €354,500 | = | 0.0% |
| Capital | 10 | €354,500 | €354,500 | = | 0.0% |
| Issued capital | 100 | €354,500 | €354,500 | = | 0.0% |
| Reserves | 13 | €608,780 | €293,455 | -€315,324 | -51.8% |
| Non-distributable reserves | 130/1 | €7,791 | €23,424 | +€15,633 | +200.7% |
| Legal reserve | 130 | €7,791 | €23,424 | +€15,633 | +200.7% |
| Tax-exempt reserves | 132 | €600,989 | €0 | -€600,989 | -100.0% |
| Distributable reserves | 133 | - | €270,031 | +€270,031 | |
| Profit (loss) carried forward | 14 | -€362,778 | €0 | +€362,778 | |
| Provisions and deferred taxes | 16 | €200,330 | €0 | -€200,330 | -100.0% |
| Deferred taxes | 168 | €200,330 | €0 | -€200,330 | -100.0% |
| Amounts payable | 17/49 | €119,037 | €150,928 | +€31,890 | +26.8% |
| Amounts payable within one year | 42/48 | €119,037 | €150,928 | +€31,890 | +26.8% |
| Trade debts | 44 | €3,267 | €3,772 | +€506 | +15.5% |
| Suppliers | 440/4 | €3,267 | €3,772 | +€506 | +15.5% |
| Taxes, remuneration and social security | 45 | €192 | €12,525 | +€12,332 | +6412.0% |
| Taxes | 450/3 | €192 | €12,525 | +€12,332 | +6412.0% |
| Other amounts payable | 47/48 | €115,578 | €134,631 | +€19,052 | +16.5% |
| Non-recurring operating income | 76A | - | €49,326 | +€49,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,774 | €23,012 | +€1,238 | +5.7% |
| Other operating charges | 640/8 | €1,940 | €4,153 | +€2,213 | +114.1% |
| Gross operating margin | 9900 | -€450 | €42,229 | +€42,679 | |
| Operating profit (loss) | 9901 | -€24,164 | €15,064 | +€39,229 | |
| Financial income | 75/76B | €167 | €454 | +€287 | +172.2% |
| Recurring financial income | 75 | €167 | €454 | +€287 | +172.2% |
| Financial charges | 65/66B | €561 | €81 | -€480 | -85.6% |
| Recurring financial charges | 65 | €561 | €81 | -€480 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,558 | €15,438 | +€39,996 | |
| Transfer from deferred taxes | 780 | €2,116 | €200,330 | +€198,213 | +9365.8% |
| Income taxes | 67/77 | €192 | €168,314 | +€168,121 | +87413.0% |
| Profit (loss) for the period | 9904 | -€22,634 | €47,453 | +€70,088 | |
| Transfer from tax-exempt reserves | 789 | €6,349 | €600,989 | +€594,640 | +9365.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,285 | €648,442 | +€664,727 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.