DOVO: 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.
DOVO
Largest movements
- Cash -€1.2m
down €1.2m (-73.1%), from €1.7m to €455,763
mainly Receivables within one year (-€958,958) and Contributions, distributions and other (-€362,178)
- Receivables within one year +€958,958
up €958,958 (+325%), from €295,002 to €1.3m
of which Other amounts receivable: +€786,413
- Tangible fixed assets -€315,693
down €315,693 (-75.1%), from €420,541 to €104,848
of which Land and buildings: -€308,015
- Revaluation surpluses -€362,178
down €362,178 (-100%), from €362,178 to €0
- Accrued charges and deferred income -€269,231
down €269,231 (-56.1%), from €479,682 to €210,451
- Reserves +€31,423
up €31,423 (+2.3%), from €1.4m to €1.4m
of which Distributable reserves: +€31,423
- Gross operating margin -€1.6m
down €1.6m (-96.6%), from €1.7m to €56,898
- Taxes -€342,675
down €342,675 (-99.0%), from €346,145 to €3,470
- Depreciation -€27,437
down €27,437 (-90.5%), from €30,310 to €2,873
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 | €2,408,876 | €1,815,569 | -€593,307 | -24.6% |
| Fixed assets | 21/28 | €420,541 | €104,848 | -€315,693 | -75.1% |
| Tangible fixed assets | 22/27 | €420,541 | €104,848 | -€315,693 | -75.1% |
| Land and buildings | 22 | €412,863 | €104,848 | -€308,015 | -74.6% |
| Furniture and vehicles | 24 | €7,678 | €0 | -€7,678 | -100% |
| Current assets | 29/58 | €1,988,336 | €1,710,721 | -€277,615 | -14.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €295,002 | €1,253,959 | +€958,958 | +325% |
| Trade receivables | 40 | €43,175 | €215,720 | +€172,545 | +400% |
| Other amounts receivable | 41 | €251,827 | €1,038,239 | +€786,413 | +312% |
| Cash at bank and in hand | 54/58 | €1,691,767 | €455,763 | -€1.2m | -73.1% |
| Deferred charges and accrued income | 490/1 | €1,566 | €998 | -€568 | -36.3% |
| Total equity and liabilities | 10/49 | €2,408,876 | €1,815,569 | -€593,307 | -24.6% |
| Equity | 10/15 | €1,915,744 | €1,584,990 | -€330,754 | -17.3% |
| Contributions | 10/11 | €192,853 | €192,853 | = | 0.0% |
| Revaluation surpluses | 12 | €362,178 | €0 | -€362,178 | -100% |
| Reserves | 13 | €1,360,713 | €1,392,136 | +€31,423 | +2.3% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €1,356,994 | €1,388,418 | +€31,423 | +2.3% |
| Amounts payable | 17/49 | €493,132 | €230,579 | -€262,553 | -53.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €13,450 | €20,128 | +€6,678 | +49.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €12,661 | €16,134 | +€3,473 | +27.4% |
| Suppliers | 440/4 | €12,661 | €16,134 | +€3,473 | +27.4% |
| Taxes, remuneration and social security | 45 | €789 | €3,995 | +€3,206 | +406% |
| Taxes | 450/3 | €789 | €3,995 | +€3,206 | +406% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €479,682 | €210,451 | -€269,231 | -56.1% |
| Non-recurring operating income | 76A | €1,230,091 | €112,447 | -€1.1m | -90.9% |
| Remuneration, social security and pensions | 62 | €13,004 | €858 | -€12,147 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,310 | €2,873 | -€27,437 | -90.5% |
| Other operating charges | 640/8 | €16,639 | €12,917 | -€3,722 | -22.4% |
| Non-recurring operating charges | 66A | €14,136 | €16,901 | +€2,764 | +19.6% |
| Gross operating margin | 9900 | €1,658,188 | €56,898 | -€1.6m | -96.6% |
| Operating profit (loss) | 9901 | €1,584,099 | €23,350 | -€1.6m | -98.5% |
| Financial income | 75/76B | €12,256 | €12,767 | +€511 | +4.2% |
| Recurring financial income | 75 | €12,256 | €12,767 | +€511 | +4.2% |
| Financial charges | 65/66B | €11,822 | €1,224 | -€10,598 | -89.6% |
| Recurring financial charges | 65 | €11,822 | €1,224 | -€10,598 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €1,584,533 | €34,893 | -€1.5m | -97.8% |
| Income taxes | 67/77 | €346,145 | €3,470 | -€342,675 | -99.0% |
| Profit (loss) for the period | 9904 | €1,238,389 | €31,423 | -€1.2m | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,238,389 | €31,423 | -€1.2m | -97.5% |
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 30 October 2026 via checked.be.