DOVAN: 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.
DOVAN
Largest movements
- Cash -€1,306
down €1,306 (-93.4%), from €1,399 to €93
mainly Net result for the year (-€7,335) and Tax, wage and social debts (-€216)
- Tangible fixed assets -€227
down €227 (-22.4%), from €1,014 to €787
- Profit (loss) carried forward -€7,335
down €7,335 (-44.3%), from -€16,570 to -€23,906
- Other debts +€6,032
up €6,032 (+25.7%), from €23,484 to €29,516
- Tax, wage and social debts -€216
down €216 (-95.1%), from €227 to €11
- Gross operating margin +€1,023
up €1,023 (+13.5%), from -€7,588 to -€6,564
- Other operating charges +€400
new in 2025: €400
- Depreciation +€107
up €107 (+89.6%), from €120 to €227
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 | €7,252 | €5,733 | -€1,519 | -20.9% |
| Fixed assets | 21/28 | €1,014 | €787 | -€227 | -22.4% |
| Tangible fixed assets | 22/27 | €1,014 | €787 | -€227 | -22.4% |
| Plant, machinery and equipment | 23 | €1,014 | €787 | -€227 | -22.4% |
| Current assets | 29/58 | €6,238 | €4,946 | -€1,292 | -20.7% |
| Stocks and contracts in progress | 3 | €3,620 | €3,617 | -€3 | -0.1% |
| Stocks | 30/36 | €3,620 | €3,617 | -€3 | -0.1% |
| Amounts receivable within one year | 40/41 | €1,027 | €1,045 | +€18 | +1.7% |
| Trade receivables | 40 | €1,027 | €998 | -€29 | -2.8% |
| Other amounts receivable | 41 | - | €47 | +€47 | |
| Cash at bank and in hand | 54/58 | €1,399 | €93 | -€1,306 | -93.4% |
| Deferred charges and accrued income | 490/1 | €191 | €191 | -€0 | -0.2% |
| Total equity and liabilities | 10/49 | €7,252 | €5,733 | -€1,519 | -20.9% |
| Equity | 10/15 | -€16,470 | -€23,806 | -€7,335 | -44.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,570 | -€23,906 | -€7,335 | -44.3% |
| Amounts payable | 17/49 | €23,722 | €29,539 | +€5,816 | +24.5% |
| Amounts payable within one year | 42/48 | €23,710 | €29,539 | +€5,828 | +24.6% |
| Trade debts | 44 | - | €12 | +€12 | |
| Suppliers | 440/4 | - | €12 | +€12 | |
| Taxes, remuneration and social security | 45 | €227 | €11 | -€216 | -95.1% |
| Taxes | 450/3 | €227 | €11 | -€216 | -95.1% |
| Other amounts payable | 47/48 | €23,484 | €29,516 | +€6,032 | +25.7% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120 | €227 | +€107 | +89.6% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€7,588 | -€6,564 | +€1,023 | +13.5% |
| Operating profit (loss) | 9901 | -€7,707 | -€7,191 | +€516 | +6.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +238.1% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +238.1% |
| Financial charges | 65/66B | €119 | €145 | +€26 | +21.9% |
| Recurring financial charges | 65 | €119 | €145 | +€26 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,826 | -€7,335 | +€491 | +6.3% |
| Profit (loss) for the period | 9904 | -€7,826 | -€7,335 | +€491 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,826 | -€7,335 | +€491 | +6.3% |
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 28 September 2026 via checked.be.