DOVIN: 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.
DOVIN
Largest movements
- Tangible fixed assets +€22,659
up €22,659 (+30.6%), from €74,114 to €96,772
of which Land and buildings: +€30,451
- Debts after one year -€38,970
down €38,970 (-29.3%), from €132,933 to €93,963
- Other debts +€37,842
up €37,842 (+36.1%), from €104,930 to €142,772
- Reserves +€12,460
up €12,460 (+20.4%), from €61,141 to €73,601
- Trade debts +€7,745
up €7,745 (+13.9%), from €55,631 to €63,376
- Gross operating margin -€10,066
down €10,066 (-12.1%), from €83,367 to €73,301
- Staff costs +€8,413
up €8,413 (+42.5%), from €19,789 to €28,201
- Taxes +€7,822
up €7,822 (+193%), from €4,060 to €11,882
- Purchases and services +€1,796
up €1,796 (+6.2%), from €29,179 to €30,975
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 | €426,824 | €442,731 | +€15,907 | +3.7% |
| Fixed assets | 21/28 | €344,114 | €366,772 | +€22,659 | +6.6% |
| Tangible fixed assets | 22/27 | €74,114 | €96,772 | +€22,659 | +30.6% |
| Land and buildings | 22 | €63,960 | €94,411 | +€30,451 | +47.6% |
| Furniture and vehicles | 24 | €10,154 | €2,361 | -€7,793 | -76.7% |
| Financial fixed assets | 28 | €270,000 | €270,000 | = | 0.0% |
| Current assets | 29/58 | €82,710 | €75,959 | -€6,752 | -8.2% |
| Amounts receivable within one year | 40/41 | €76,460 | €74,040 | -€2,420 | -3.2% |
| Trade receivables | 40 | €76,460 | €74,040 | -€2,420 | -3.2% |
| Cash at bank and in hand | 54/58 | €5,483 | €1,129 | -€4,354 | -79.4% |
| Deferred charges and accrued income | 490/1 | €767 | €790 | +€22 | +2.9% |
| Total equity and liabilities | 10/49 | €426,824 | €442,731 | +€15,907 | +3.7% |
| Equity | 10/15 | €79,741 | €92,201 | +€12,460 | +15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,141 | €73,601 | +€12,460 | +20.4% |
| Distributable reserves | 133 | €61,141 | €73,601 | +€12,460 | +20.4% |
| Amounts payable | 17/49 | €347,084 | €350,530 | +€3,447 | +1.0% |
| Amounts payable after more than one year | 17 | €132,933 | €93,963 | -€38,970 | -29.3% |
| Financial debts | 170/4 | €132,933 | €93,963 | -€38,970 | -29.3% |
| Amounts payable within one year | 42/48 | €214,151 | €256,568 | +€42,417 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €38,462 | €38,970 | +€509 | +1.3% |
| Trade debts | 44 | €55,631 | €63,376 | +€7,745 | +13.9% |
| Suppliers | 440/4 | €55,631 | €63,376 | +€7,745 | +13.9% |
| Taxes, remuneration and social security | 45 | €15,127 | €11,449 | -€3,678 | -24.3% |
| Taxes | 450/3 | €9,778 | €6,612 | -€3,166 | -32.4% |
| Remuneration and social security | 454/9 | €5,349 | €4,837 | -€512 | -9.6% |
| Other amounts payable | 47/48 | €104,930 | €142,772 | +€37,842 | +36.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,179 | €30,975 | +€1,796 | +6.2% |
| Remuneration, social security and pensions | 62 | €19,789 | €28,201 | +€8,413 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,032 | €11,389 | +€357 | +3.2% |
| Other operating charges | 640/8 | €1,896 | €1,952 | +€56 | +3.0% |
| Gross operating margin | 9900 | €83,367 | €73,301 | -€10,066 | -12.1% |
| Operating profit (loss) | 9901 | €50,651 | €31,759 | -€18,892 | -37.3% |
| Financial charges | 65/66B | €7,053 | €7,417 | +€365 | +5.2% |
| Recurring financial charges | 65 | €7,053 | €7,417 | +€365 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €43,598 | €24,342 | -€19,256 | -44.2% |
| Income taxes | 67/77 | €4,060 | €11,882 | +€7,822 | +193% |
| Profit (loss) for the period | 9904 | €39,538 | €12,460 | -€27,078 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,538 | €12,460 | -€27,078 | -68.5% |
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 17 October 2026 via checked.be.