DOVAMA: 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.
DOVAMA
Largest movements
- Cash +€46,503
up €46,503 (+57.2%), from €81,248 to €127,751
mainly Net result for the year (+€61,963) and Depreciation (+€1,183)
- Receivables within one year +€11,725
up €11,725 (+102.3%), from €11,457 to €23,182
of which Other amounts receivable: +€10,461
- Reserves +€61,963
up €61,963 (+67.9%), from €91,299 to €153,262
- Trade debts -€3,855
down €3,855 (-100.0%), from €3,855 to €0
- Gross operating margin +€33,513
up €33,513 (+72.4%), from €46,305 to €79,818
- Taxes +€6,809
up €6,809 (+75.1%), from €9,063 to €15,872
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 | €97,194 | €156,020 | +€58,826 | +60.5% |
| Fixed assets | 21/28 | €2,555 | €3,065 | +€510 | +20.0% |
| Tangible fixed assets | 22/27 | €2,555 | €3,065 | +€510 | +20.0% |
| Furniture and vehicles | 24 | €2,555 | €3,065 | +€510 | +20.0% |
| Current assets | 29/58 | €94,639 | €152,955 | +€58,316 | +61.6% |
| Amounts receivable within one year | 40/41 | €11,457 | €23,182 | +€11,725 | +102.3% |
| Trade receivables | 40 | €1,997 | €3,262 | +€1,264 | +63.3% |
| Other amounts receivable | 41 | €9,460 | €19,920 | +€10,461 | +110.6% |
| Cash at bank and in hand | 54/58 | €81,248 | €127,751 | +€46,503 | +57.2% |
| Deferred charges and accrued income | 490/1 | €1,934 | €2,022 | +€88 | +4.6% |
| Total equity and liabilities | 10/49 | €97,194 | €156,020 | +€58,826 | +60.5% |
| Equity | 10/15 | €93,299 | €155,262 | +€61,963 | +66.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €91,299 | €153,262 | +€61,963 | +67.9% |
| Distributable reserves | 133 | €91,299 | €153,262 | +€61,963 | +67.9% |
| Amounts payable | 17/49 | €3,895 | €758 | -€3,137 | -80.5% |
| Amounts payable within one year | 42/48 | €3,895 | €158 | -€3,737 | -95.9% |
| Trade debts | 44 | €3,855 | €0 | -€3,855 | -100.0% |
| Suppliers | 440/4 | €3,855 | €0 | -€3,855 | -100.0% |
| Other amounts payable | 47/48 | €39 | €158 | +€118 | +300.9% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €911 | €1,183 | +€272 | +29.9% |
| Other operating charges | 640/8 | €513 | €400 | -€114 | -22.1% |
| Gross operating margin | 9900 | €46,305 | €79,818 | +€33,513 | +72.4% |
| Operating profit (loss) | 9901 | €44,880 | €78,235 | +€33,355 | +74.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €302 | €400 | +€98 | +32.3% |
| Recurring financial charges | 65 | €302 | €400 | +€98 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €44,578 | €77,835 | +€33,257 | +74.6% |
| Income taxes | 67/77 | €9,063 | €15,872 | +€6,809 | +75.1% |
| Profit (loss) for the period | 9904 | €35,515 | €61,963 | +€26,448 | +74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,515 | €61,963 | +€26,448 | +74.5% |
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 8 October 2026 via checked.be.