Dovre: what changed
What changed
Dovre
NACE 24.100, Manufacture of basic metals
filed annual accounts (NBB)
Net result for the year
-€2.4m
2024 · -€2.3m-€108,171
Equity
€9.3m
2024 · €11.7m-€2.4m
Cash
€381,262
2024 · €387,147-€5,885
Balance sheet total
€22.5m
2024 · €20.0m+€2.6m
Largest movements
Assets
- Receivables within one year +€5.6m
up €5.6m (+299%), from €1.9m to €7.5m
of which Other amounts receivable: +€5.2m
- Stocks and contracts -€3.4m
down €3.4m (-34.1%), from €9.9m to €6.5m
- Receivables after one year +€840,193
new in 2025: €840,193
- Intangible fixed assets -€324,086
down €324,086 (-28.3%), from €1.1m to €819,561
Equity and liabilities
- Short-term financial debts +€3.7m
up €3.7m (+976%), from €377,500 to €4.1m
- Profit (loss) carried forward -€2.0m
down €2.0m (-38.9%), from -€5.1m to -€7.1m
- Trade debts +€563,092
up €563,092 (+23.3%), from €2.4m to €3.0m
- Other debts +€562,378
new in 2025: €562,378
- Debts after one year -€489,492
down €489,492 (-15.0%), from €3.3m to €2.8m
of which Other amounts payable: -€498,568
Income statement
- Turnover -€10.2m
down €10.2m (-36.6%), from €27.9m to €17.7m
- Goods and materials -€3.1m
down €3.1m (-42.7%), from €7.2m to €4.1m
of which Purchases: -€3.7m
- Services and other goods -€3.0m
down €3.0m (-20.8%), from €14.3m to €11.4m
- Staff costs -€1.4m
down €1.4m (-17.6%), from €7.7m to €6.3m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€2.3m
Turnover
-€10.2m
Other operating income
-€255,017
Goods and materials
+€3.1m
Services and other goods
+€3.0m
Staff costs
+€1.4m
Depreciation
+€226,998
Write-downs
+€237,930
Other operating charges
-€17,111
Other operating items
+€2.9m
Financial income
-€230,455
Financial charges
-€176,253
Taxes
-€4,396
Result 2025
-€2.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.8m
Investment
-€605,420
Financing
+€3.4m
Cash 2024
€387,147
From operations (derived)
-€2.8m
Net result for the year
-€2.4m
Depreciation
+€1.1m
Receivables after one year
-€840,193
Stocks and contracts
+€3.4m
Receivables within one year
-€5.6m
Deferred charges and accrued income
+€39,115
Provisions
+€239,138
Trade debts
+€563,092
Tax, wage and social debts
+€102,197
Other debts
+€562,378
Accrued charges and deferred income
+€51,095
Investment (derived)
-€605,420
Investment in fixed assets (net)
-€605,420
Financing
+€3.4m
Debts after one year
-€489,492
Current portion of long-term debt
+€241,084
Short-term financial debts
+€3.7m
Contributions, distributions and other
+€9,775
Cash 2025
€381,262
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,957,047 | €22,507,427 | +€2.6m | +12.8% |
| Fixed assets | 21/28 | €7,689,705 | €7,243,557 | -€446,148 | -5.8% |
| Intangible fixed assets | 21 | €1,143,647 | €819,561 | -€324,086 | -28.3% |
| Tangible fixed assets | 22/27 | €5,333,162 | €5,291,559 | -€41,603 | -0.8% |
| Land and buildings | 22 | €1,686,771 | €1,683,957 | -€2,814 | -0.2% |
| Plant, machinery and equipment | 23 | €1,199,824 | €1,477,619 | +€277,795 | +23.2% |
| Furniture and vehicles | 24 | €161,626 | €129,796 | -€31,830 | -19.7% |
| Leasing and similar rights | 25 | €1,401,801 | €1,416,784 | +€14,984 | +1.1% |
| Assets under construction and advance payments | 27 | €883,140 | €583,403 | -€299,738 | -33.9% |
| Financial fixed assets | 28 | €1,212,896 | €1,132,437 | -€80,459 | -6.6% |
| Affiliated companies | 280/1 | €1,125,000 | €1,125,000 | = | 0.0% |
| Participating interests | 280 | €1,125,000 | €1,125,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €87,896 | €7,437 | -€80,459 | -91.5% |
| Shares | 284 | €7,437 | €7,437 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €80,459 | - | -€80,459 | |
| Current assets | 29/58 | €12,267,343 | €15,263,870 | +€3.0m | +24.4% |
| Amounts receivable after more than one year | 29 | - | €840,193 | +€840,193 | |
| Other amounts receivable | 291 | - | €840,193 | +€840,193 | |
| Stocks and contracts in progress | 3 | €9,931,945 | €6,543,433 | -€3.4m | -34.1% |
| Stocks | 30/36 | €9,931,945 | €6,543,433 | -€3.4m | -34.1% |
| Raw materials and consumables | 30/31 | €2,412,819 | €1,752,601 | -€660,218 | -27.4% |
| Work in progress | 32 | €4,695,756 | €3,105,030 | -€1.6m | -33.9% |
| Finished goods | 33 | €2,812,526 | €1,674,499 | -€1.1m | -40.5% |
| Goods purchased for resale | 34 | €10,844 | €11,303 | +€459 | +4.2% |
| Amounts receivable within one year | 40/41 | €1,867,238 | €7,457,085 | +€5.6m | +299% |
| Trade receivables | 40 | €1,656,071 | €2,065,319 | +€409,248 | +24.7% |
| Other amounts receivable | 41 | €211,168 | €5,391,766 | +€5.2m | +2,453% |
| Cash at bank and in hand | 54/58 | €387,147 | €381,262 | -€5,885 | -1.5% |
| Deferred charges and accrued income | 490/1 | €81,012 | €41,897 | -€39,115 | -48.3% |
| Total equity and liabilities | 10/49 | €19,957,047 | €22,507,427 | +€2.6m | +12.8% |
| Equity | 10/15 | €11,692,647 | €9,289,701 | -€2.4m | -20.6% |
| Contributions | 10/11 | €14,338,382 | €14,338,382 | = | 0.0% |
| Capital | 10 | €14,338,382 | €14,338,382 | = | 0.0% |
| Issued capital | 100 | €14,338,382 | €14,338,382 | = | 0.0% |
| Reserves | 13 | €2,486,316 | €2,072,434 | -€413,882 | -16.6% |
| Non-distributable reserves | 130/1 | €1,129,820 | €1,129,820 | = | 0.0% |
| Legal reserve | 130 | €987,478 | €987,478 | = | 0.0% |
| Other | 1319 | €142,342 | €142,342 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,356,496 | €942,614 | -€413,882 | -30.5% |
| Profit (loss) carried forward | 14 | -€5,132,051 | -€7,130,889 | -€2.0m | -38.9% |
| Investment grants | 15 | - | €9,775 | +€9,775 | |
| Provisions and deferred taxes | 16 | - | €239,138 | +€239,138 | |
| Provisions for liabilities and charges | 160/5 | - | €239,138 | +€239,138 | |
| Other liabilities and charges | 164/5 | - | €239,138 | +€239,138 | |
| Amounts payable | 17/49 | €8,264,401 | €12,978,587 | +€4.7m | +57.0% |
| Amounts payable after more than one year | 17 | €3,260,485 | €2,770,993 | -€489,492 | -15.0% |
| Financial debts | 170/4 | €2,002,524 | €2,011,601 | +€9,077 | +0.5% |
| Subordinated loans | 170 | €700,000 | €600,000 | -€100,000 | -14.3% |
| Leasing and similar obligations | 172 | €261,771 | €192,594 | -€69,178 | -26.4% |
| Credit institutions | 173 | €1,040,753 | €1,219,007 | +€178,254 | +17.1% |
| Other amounts payable | 178/9 | €1,257,961 | €759,393 | -€498,568 | -39.6% |
| Amounts payable within one year | 42/48 | €4,930,508 | €10,083,091 | +€5.2m | +105% |
| Current portion of amounts payable after more than one year | 42 | €1,089,656 | €1,330,740 | +€241,084 | +22.1% |
| Financial debts | 43 | €377,500 | €4,061,332 | +€3.7m | +976% |
| Credit institutions | 430/8 | €377,500 | €4,061,332 | +€3.7m | +976% |
| Trade debts | 44 | €2,420,141 | €2,983,233 | +€563,092 | +23.3% |
| Suppliers | 440/4 | €2,420,141 | €2,983,233 | +€563,092 | +23.3% |
| Advances received on contracts in progress | 46 | €47,000 | €47,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €996,211 | €1,098,407 | +€102,197 | +10.3% |
| Taxes | 450/3 | €80,010 | €91,891 | +€11,881 | +14.8% |
| Remuneration and social security | 454/9 | €916,200 | €1,006,516 | +€90,315 | +9.9% |
| Other amounts payable | 47/48 | - | €562,378 | +€562,378 | |
| Accrued charges and deferred income | 492/3 | €73,408 | €124,503 | +€51,095 | +69.6% |
| Operating income | 70/76A | €28,221,372 | €21,036,396 | -€7.2m | -25.5% |
| Turnover | 70 | €27,897,993 | €17,690,827 | -€10.2m | -36.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€269,857 | -€2,940,353 | -€2.7m | -990% |
| Other operating income | 74 | €554,458 | €299,442 | -€255,017 | -46.0% |
| Non-recurring operating income | 76A | €38,778 | €5,986,481 | +€5.9m | +15,338% |
| Operating charges | 60/66A | €30,741,124 | €23,253,214 | -€7.5m | -24.4% |
| Goods for resale, raw materials and consumables | 60 | €7,218,889 | €4,135,265 | -€3.1m | -42.7% |
| Purchases | 600/8 | €7,181,927 | €3,504,536 | -€3.7m | -51.2% |
| Change in stocks: decrease (increase) | 609 | €36,961 | €630,729 | +€593,768 | +1,606% |
| Services and other goods | 61 | €14,348,930 | €11,367,768 | -€3.0m | -20.8% |
| Remuneration, social security and pensions | 62 | €7,673,376 | €6,319,832 | -€1.4m | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,278,566 | €1,051,568 | -€226,998 | -17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €55,578 | -€182,351 | -€237,930 | |
| Other operating charges | 640/8 | €165,785 | €182,896 | +€17,111 | +10.3% |
| Non-recurring operating charges | 66A | - | €378,236 | +€378,236 | |
| Operating profit (loss) | 9901 | -€2,519,751 | -€2,216,818 | +€302,934 | +12.0% |
| Financial income | 75/76B | €405,651 | €175,196 | -€230,455 | -56.8% |
| Recurring financial income | 75 | €405,651 | €175,196 | -€230,455 | -56.8% |
| Income from financial fixed assets | 750 | €1,351 | €996 | -€355 | -26.3% |
| Other financial income | 752/9 | €404,299 | €174,200 | -€230,099 | -56.9% |
| Financial charges | 65/66B | €192,614 | €368,868 | +€176,253 | +91.5% |
| Recurring financial charges | 65 | €192,614 | €368,868 | +€176,253 | +91.5% |
| Debt charges | 650 | €177,073 | €235,603 | +€58,530 | +33.1% |
| Other financial charges | 652/9 | €15,542 | €133,265 | +€117,723 | +757% |
| Profit (loss) for the period before taxes | 9903 | -€2,306,715 | -€2,410,490 | -€103,775 | -4.5% |
| Income taxes | 67/77 | -€2,166 | €2,230 | +€4,396 | |
| Taxes | 670/3 | €2,750 | €2,230 | -€520 | -18.9% |
| Tax adjustments and reversals of tax provisions | 77 | €4,916 | €0 | -€4,916 | -100% |
| Profit (loss) for the period | 9904 | -€2,304,549 | -€2,412,720 | -€108,171 | -4.7% |
| Transfer from tax-exempt reserves | 789 | - | €413,882 | +€413,882 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,304,549 | -€1,998,838 | +€305,711 | +13.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.