DOVER: what changed
Two financial 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.
DOVER
Largest movements
- Receivables within one year -€41,904
down €41,904 (-88.2%), from €47,527 to €5,624
of which Other amounts receivable: -€41,904
- Tangible fixed assets +€9,764
up €9,764 (+7.0%), from €139,928 to €149,692
of which Other tangible fixed assets: +€11,522
- Reserves -€33,584
down €33,584 (-4.4%), from €757,248 to €723,663
of which Distributable reserves: -€33,584
- Financial income -€157,986
down €157,986 (-87.4%), from €180,835 to €22,849
of which Non-recurring financial income: -€177,480
- Gross operating margin -€42,929
down €42,929 (-701%), from -€6,125 to -€49,054
- Taxes -€14,539
down €14,539 (-98.8%), from €14,710 to €170
- Financial charges -€6,430
down €6,430 (-76.3%), from €8,429 to €1,999
- Depreciation -€980
down €980 (-18.1%), from €5,407 to €4,428
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.
Derived cash bridge
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 | €778,775 | €749,232 | -€29,542 | -3.8% |
| Fixed assets | 21/28 | €139,928 | €149,692 | +€9,764 | +7.0% |
| Tangible fixed assets | 22/27 | €139,928 | €149,692 | +€9,764 | +7.0% |
| Land and buildings | 22 | €129,000 | €129,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,831 | €2,988 | +€1,158 | +63.2% |
| Furniture and vehicles | 24 | €9,098 | €6,182 | -€2,916 | -32.1% |
| Other tangible fixed assets | 26 | - | €11,522 | +€11,522 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €638,846 | €599,540 | -€39,306 | -6.2% |
| Amounts receivable within one year | 40/41 | €47,527 | €5,624 | -€41,904 | -88.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €47,527 | €5,624 | -€41,904 | -88.2% |
| Current investments | 50/53 | €546,176 | €542,178 | -€3,998 | -0.7% |
| Cash at bank and in hand | 54/58 | €45,143 | €50,936 | +€5,793 | +12.8% |
| Deferred charges and accrued income | 490/1 | - | €803 | +€803 | |
| Total equity and liabilities | 10/49 | €778,775 | €749,232 | -€29,542 | -3.8% |
| Equity | 10/15 | €777,078 | €743,493 | -€33,584 | -4.3% |
| Contributions | 10/11 | €19,830 | €19,830 | = | 0.0% |
| Reserves | 13 | €757,248 | €723,663 | -€33,584 | -4.4% |
| Tax-exempt reserves | 132 | €12,181 | €12,181 | = | 0.0% |
| Distributable reserves | 133 | €745,067 | €711,482 | -€33,584 | -4.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,697 | €5,739 | +€4,042 | +238% |
| Amounts payable within one year | 42/48 | €1,697 | €5,739 | +€4,042 | +238% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €678 | €287 | -€390 | -57.6% |
| Suppliers | 440/4 | €678 | €287 | -€390 | -57.6% |
| Taxes, remuneration and social security | 45 | €1,019 | €782 | -€237 | -23.3% |
| Taxes | 450/3 | €1,019 | €782 | -€237 | -23.3% |
| Other amounts payable | 47/48 | €0 | €4,669 | +€4,669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,407 | €4,428 | -€980 | -18.1% |
| Other operating charges | 640/8 | €878 | €782 | -€96 | -10.9% |
| Gross operating margin | 9900 | -€6,125 | -€49,054 | -€42,929 | -701% |
| Operating profit (loss) | 9901 | -€12,410 | -€54,264 | -€41,853 | -337% |
| Financial income | 75/76B | €180,835 | €22,849 | -€157,986 | -87.4% |
| Recurring financial income | 75 | €3,356 | €22,849 | +€19,493 | +581% |
| Non-recurring financial income | 76B | €177,480 | - | -€177,480 | |
| Financial charges | 65/66B | €8,429 | €1,999 | -€6,430 | -76.3% |
| Recurring financial charges | 65 | €8,429 | €1,999 | -€6,430 | -76.3% |
| Profit (loss) for the period before taxes | 9903 | €159,996 | -€33,414 | -€193,410 | |
| Income taxes | 67/77 | €14,710 | €170 | -€14,539 | -98.8% |
| Profit (loss) for the period | 9904 | €145,286 | -€33,584 | -€178,871 | |
| Profit (loss) for the period to be appropriated | 9905 | €145,286 | -€33,584 | -€178,871 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.