DOVAS: 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.
DOVAS
Largest movements
- Tangible fixed assets +€27,973
up €27,973 (+6.9%), from €403,460 to €431,433
of which Other tangible fixed assets: +€29,394
- Receivables within one year -€14,989
down €14,989 (-99.7%), from €15,031 to €42
- Cash -€6,394
down €6,394 (-96.7%), from €6,613 to €219
mainly Investment in fixed assets (net) (-€33,551) and Debts after one year (-€9,514)
- Other debts +€13,243
up €13,243 (+403.8%), from €3,280 to €16,523
- Debts after one year -€9,514
down €9,514 (-2.6%), from €372,793 to €363,279
- Turnover -€161,596
no longer reported in 2025 (was €161,596)
- Purchases and services -€132,315
no longer reported in 2025 (was €132,315)
- Financial charges +€15,028
up €15,028 (+3190.6%), from €471 to €15,499
- Gross operating margin -€6,104
down €6,104 (-20.8%), from €29,280 to €23,176
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 | €425,104 | €431,693 | +€6,589 | +1.6% |
| Fixed assets | 21/28 | €403,460 | €431,433 | +€27,973 | +6.9% |
| Tangible fixed assets | 22/27 | €403,460 | €431,433 | +€27,973 | +6.9% |
| Land and buildings | 22 | €305,078 | €301,801 | -€3,277 | -1.1% |
| Furniture and vehicles | 24 | €5,039 | €6,895 | +€1,856 | +36.8% |
| Other tangible fixed assets | 26 | €93,343 | €122,737 | +€29,394 | +31.5% |
| Current assets | 29/58 | €21,644 | €260 | -€21,384 | -98.8% |
| Amounts receivable within one year | 40/41 | €15,031 | €42 | -€14,989 | -99.7% |
| Trade receivables | 40 | €15,031 | €42 | -€14,989 | -99.7% |
| Cash at bank and in hand | 54/58 | €6,613 | €219 | -€6,394 | -96.7% |
| Total equity and liabilities | 10/49 | €425,104 | €431,693 | +€6,589 | +1.6% |
| Equity | 10/15 | €23,821 | €23,831 | +€10 | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,321 | €21,331 | +€10 | 0.0% |
| Amounts payable | 17/49 | €401,283 | €407,862 | +€6,579 | +1.6% |
| Amounts payable after more than one year | 17 | €372,793 | €363,279 | -€9,514 | -2.6% |
| Financial debts | 170/4 | €372,793 | €363,279 | -€9,514 | -2.6% |
| Amounts payable within one year | 42/48 | €28,490 | €44,583 | +€16,093 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €18,906 | €22,760 | +€3,854 | +20.4% |
| Trade debts | 44 | €5,253 | €1,826 | -€3,427 | -65.2% |
| Suppliers | 440/4 | €5,253 | €1,826 | -€3,427 | -65.2% |
| Taxes, remuneration and social security | 45 | €1,051 | €3,474 | +€2,423 | +230.5% |
| Taxes | 450/3 | €1,051 | €3,474 | +€2,423 | +230.5% |
| Other amounts payable | 47/48 | €3,280 | €16,523 | +€13,243 | +403.8% |
| Turnover | 70 | €161,596 | - | -€161,596 | |
| Goods, raw materials, services and sundry goods | 60/61 | €132,315 | - | -€132,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,326 | €5,578 | +€252 | +4.7% |
| Other operating charges | 640/8 | €2,162 | €2,089 | -€73 | -3.4% |
| Gross operating margin | 9900 | €29,280 | €23,176 | -€6,104 | -20.8% |
| Operating profit (loss) | 9901 | €21,792 | €15,509 | -€6,283 | -28.8% |
| Financial charges | 65/66B | €471 | €15,499 | +€15,028 | +3190.6% |
| Recurring financial charges | 65 | €471 | €15,499 | +€15,028 | +3190.6% |
| Profit (loss) for the period before taxes | 9903 | €21,321 | €10 | -€21,311 | -100.0% |
| Profit (loss) for the period | 9904 | €21,321 | €10 | -€21,311 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,321 | €10 | -€21,311 | -100.0% |
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.