DOVER MANAGEMENT: 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.
DOVER MANAGEMENT
Largest movements
- Tangible fixed assets -€1,841
down €1,841 (-15.3%), from €12,046 to €10,205
of which Other tangible fixed assets: -€1,228
- Cash -€907
down €907 (-1.3%), from €68,855 to €67,949
mainly Contributions, distributions and other (-€27,233) and Investment in fixed assets (net) (-€4,799)
- Reserves -€3,036
down €3,036 (-5.3%), from €57,446 to €54,411
of which Distributable reserves: -€3,036
- Tax, wage and social debts +€1,094
up €1,094 (+15.5%), from €7,074 to €8,168
of which Taxes: +€1,052
- Other debts -€1,091
down €1,091 (-43.1%), from €2,531 to €1,440
- Gross operating margin +€9,901
up €9,901 (+30.4%), from €32,575 to €42,477
- Taxes +€3,265
up €3,265 (+44.3%), from €7,375 to €10,640
- Depreciation -€2,202
down €2,202 (-24.9%), from €8,843 to €6,641
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,562 | €83,999 | -€2,564 | -3.0% |
| Fixed assets | 21/28 | €12,046 | €10,205 | -€1,841 | -15.3% |
| Tangible fixed assets | 22/27 | €12,046 | €10,205 | -€1,841 | -15.3% |
| Furniture and vehicles | 24 | €4,429 | €3,816 | -€613 | -13.8% |
| Other tangible fixed assets | 26 | €7,617 | €6,388 | -€1,228 | -16.1% |
| Current assets | 29/58 | €74,516 | €73,794 | -€722 | -1.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €68,855 | €67,949 | -€907 | -1.3% |
| Deferred charges and accrued income | 490/1 | €5,661 | €5,845 | +€184 | +3.3% |
| Total equity and liabilities | 10/49 | €86,562 | €83,999 | -€2,564 | -3.0% |
| Equity | 10/15 | €76,046 | €73,011 | -€3,036 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,446 | €54,411 | -€3,036 | -5.3% |
| Tax-exempt reserves | 132 | €239 | €239 | = | 0.0% |
| Distributable reserves | 133 | €57,208 | €54,172 | -€3,036 | -5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,516 | €10,988 | +€472 | +4.5% |
| Amounts payable within one year | 42/48 | €10,516 | €10,988 | +€472 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €912 | €1,381 | +€469 | +51.4% |
| Suppliers | 440/4 | €912 | €1,381 | +€469 | +51.4% |
| Taxes, remuneration and social security | 45 | €7,074 | €8,168 | +€1,094 | +15.5% |
| Taxes | 450/3 | €4,130 | €5,182 | +€1,052 | +25.5% |
| Remuneration and social security | 454/9 | €2,943 | €2,985 | +€42 | +1.4% |
| Other amounts payable | 47/48 | €2,531 | €1,440 | -€1,091 | -43.1% |
| Non-recurring operating income | 76A | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,843 | €6,641 | -€2,202 | -24.9% |
| Other operating charges | 640/8 | €887 | €1,038 | +€151 | +17.0% |
| Gross operating margin | 9900 | €32,575 | €42,477 | +€9,901 | +30.4% |
| Operating profit (loss) | 9901 | €22,845 | €34,798 | +€11,952 | +52.3% |
| Financial income | 75/76B | €80 | €338 | +€258 | +322.9% |
| Recurring financial income | 75 | €80 | €338 | +€258 | +322.9% |
| Financial charges | 65/66B | €155 | €299 | +€144 | +92.9% |
| Recurring financial charges | 65 | €155 | €299 | +€144 | +92.9% |
| Profit (loss) for the period before taxes | 9903 | €22,770 | €34,837 | +€12,067 | +53.0% |
| Income taxes | 67/77 | €7,375 | €10,640 | +€3,265 | +44.3% |
| Profit (loss) for the period | 9904 | €15,395 | €24,197 | +€8,802 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,395 | €24,197 | +€8,802 | +57.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.