DOVAHO: 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.
DOVAHO
Largest movements
- Tangible fixed assets -€20,511
down €20,511 (-4.8%), from €429,183 to €408,672
of which Land and buildings: -€21,664
- Cash -€11,541
down €11,541 (-35.0%), from €32,995 to €21,454
mainly Debts after one year (-€29,688) and Current portion of long-term debt (-€29,066)
- Debts after one year -€29,688
no longer reported in 2025 (was €29,688)
- Current portion of long-term debt -€29,066
down €29,066 (-46.5%), from €62,536 to €33,470
- Trade debts +€18,352
up €18,352 (+1363.8%), from €1,346 to €19,698
- Reserves +€14,300
up €14,300 (+16.5%), from €86,685 to €100,985
- Gross operating margin -€27,401
down €27,401 (-26.9%), from €101,738 to €74,336
- Financial charges -€10,801
down €10,801 (-91.1%), from €11,860 to €1,059
- Taxes -€3,763
down €3,763 (-42.8%), from €8,800 to €5,037
- Depreciation -€1,467
down €1,467 (-3.6%), from €41,022 to €39,555
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 | €463,790 | €434,318 | -€29,472 | -6.4% |
| Fixed assets | 21/28 | €429,183 | €408,672 | -€20,511 | -4.8% |
| Tangible fixed assets | 22/27 | €429,183 | €408,672 | -€20,511 | -4.8% |
| Land and buildings | 22 | €419,425 | €397,761 | -€21,664 | -5.2% |
| Plant, machinery and equipment | 23 | €9,758 | €10,910 | +€1,152 | +11.8% |
| Current assets | 29/58 | €34,607 | €25,647 | -€8,960 | -25.9% |
| Amounts receivable within one year | 40/41 | €60 | €2,560 | +€2,500 | +4194.6% |
| Other amounts receivable | 41 | €60 | €2,560 | +€2,500 | +4194.6% |
| Cash at bank and in hand | 54/58 | €32,995 | €21,454 | -€11,541 | -35.0% |
| Deferred charges and accrued income | 490/1 | €1,553 | €1,633 | +€80 | +5.2% |
| Total equity and liabilities | 10/49 | €463,790 | €434,318 | -€29,472 | -6.4% |
| Equity | 10/15 | €154,885 | €169,185 | +€14,300 | +9.2% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €86,685 | €100,985 | +€14,300 | +16.5% |
| Distributable reserves | 133 | €86,685 | €100,985 | +€14,300 | +16.5% |
| Amounts payable | 17/49 | €308,905 | €265,133 | -€43,772 | -14.2% |
| Amounts payable after more than one year | 17 | €29,688 | - | -€29,688 | |
| Financial debts | 170/4 | €29,688 | - | -€29,688 | |
| Amounts payable within one year | 42/48 | €278,567 | €263,553 | -€15,013 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €62,536 | €33,470 | -€29,066 | -46.5% |
| Trade debts | 44 | €1,346 | €19,698 | +€18,352 | +1363.8% |
| Suppliers | 440/4 | €1,346 | €19,698 | +€18,352 | +1363.8% |
| Taxes, remuneration and social security | 45 | €4,300 | - | -€4,300 | |
| Taxes | 450/3 | €4,300 | - | -€4,300 | |
| Other amounts payable | 47/48 | €210,385 | €210,385 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €650 | €1,580 | +€930 | +143.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,022 | €39,555 | -€1,467 | -3.6% |
| Other operating charges | 640/8 | €13,634 | €14,385 | +€751 | +5.5% |
| Gross operating margin | 9900 | €101,738 | €74,336 | -€27,401 | -26.9% |
| Operating profit (loss) | 9901 | €47,082 | €20,397 | -€26,685 | -56.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €11,860 | €1,059 | -€10,801 | -91.1% |
| Recurring financial charges | 65 | €11,860 | €1,059 | -€10,801 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €35,221 | €19,337 | -€15,884 | -45.1% |
| Income taxes | 67/77 | €8,800 | €5,037 | -€3,763 | -42.8% |
| Profit (loss) for the period | 9904 | €26,421 | €14,300 | -€12,121 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,421 | €14,300 | -€12,121 | -45.9% |
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 8 October 2026 via checked.be.