DOWINA: 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.
DOWINA
Largest movements
- Tangible fixed assets -€31,020
down €31,020 (-7.1%), from €436,734 to €405,714
of which Land and buildings: -€24,050
- Cash +€21,202
up €21,202 (+24.3%), from €87,192 to €108,394
mainly Depreciation (+€43,132) and Net result for the year (+€21,529)
- Receivables within one year +€5,917
up €5,917 (+45.4%), from €13,034 to €18,952
of which Trade receivables: +€6,325
- Debts after one year -€30,292
down €30,292 (-8.0%), from €376,642 to €346,350
- Profit (loss) carried forward +€21,529
up €21,529 (+37.0%), from -€58,181 to -€36,652
- Trade debts +€17,430
up €17,430 (+61.6%), from €28,310 to €45,741
- Other debts -€15,148
down €15,148 (-13.3%), from €113,767 to €98,620
- Gross operating margin +€14,863
up €14,863 (+6.6%), from €224,795 to €239,658
- Staff costs +€2,869
up €2,869 (+1.8%), from €157,249 to €160,118
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 | €544,760 | €541,854 | -€2,906 | -0.5% |
| Fixed assets | 21/28 | €436,734 | €405,714 | -€31,020 | -7.1% |
| Tangible fixed assets | 22/27 | €436,734 | €405,714 | -€31,020 | -7.1% |
| Land and buildings | 22 | €409,589 | €385,539 | -€24,050 | -5.9% |
| Plant, machinery and equipment | 23 | €24,618 | €18,166 | -€6,453 | -26.2% |
| Furniture and vehicles | 24 | €2,527 | €2,009 | -€518 | -20.5% |
| Current assets | 29/58 | €108,026 | €136,139 | +€28,114 | +26.0% |
| Stocks and contracts in progress | 3 | €7,799 | €8,196 | +€397 | +5.1% |
| Stocks | 30/36 | €7,799 | €8,196 | +€397 | +5.1% |
| Amounts receivable within one year | 40/41 | €13,034 | €18,952 | +€5,917 | +45.4% |
| Trade receivables | 40 | €12,594 | €18,919 | +€6,325 | +50.2% |
| Other amounts receivable | 41 | €441 | €33 | -€408 | -92.6% |
| Cash at bank and in hand | 54/58 | €87,192 | €108,394 | +€21,202 | +24.3% |
| Deferred charges and accrued income | 490/1 | - | €597 | +€597 | |
| Total equity and liabilities | 10/49 | €544,760 | €541,854 | -€2,906 | -0.5% |
| Equity | 10/15 | -€26,685 | -€5,156 | +€21,529 | +80.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,296 | €25,296 | = | 0.0% |
| Distributable reserves | 133 | €25,296 | €25,296 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,181 | -€36,652 | +€21,529 | +37.0% |
| Amounts payable | 17/49 | €571,445 | €547,009 | -€24,435 | -4.3% |
| Amounts payable after more than one year | 17 | €376,642 | €346,350 | -€30,292 | -8.0% |
| Financial debts | 170/4 | €376,642 | €346,350 | -€30,292 | -8.0% |
| Amounts payable within one year | 42/48 | €194,803 | €200,660 | +€5,857 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €29,717 | €30,292 | +€574 | +1.9% |
| Trade debts | 44 | €28,310 | €45,741 | +€17,430 | +61.6% |
| Suppliers | 440/4 | €28,310 | €45,741 | +€17,430 | +61.6% |
| Taxes, remuneration and social security | 45 | €23,008 | €26,008 | +€3,000 | +13.0% |
| Taxes | 450/3 | €6,157 | €9,863 | +€3,706 | +60.2% |
| Remuneration and social security | 454/9 | €16,851 | €16,145 | -€706 | -4.2% |
| Other amounts payable | 47/48 | €113,767 | €98,620 | -€15,148 | -13.3% |
| Remuneration, social security and pensions | 62 | €157,249 | €160,118 | +€2,869 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,797 | €43,132 | +€335 | +0.8% |
| Other operating charges | 640/8 | €5,281 | €5,790 | +€510 | +9.7% |
| Gross operating margin | 9900 | €224,795 | €239,658 | +€14,863 | +6.6% |
| Operating profit (loss) | 9901 | €19,469 | €30,617 | +€11,148 | +57.3% |
| Financial income | 75/76B | €356 | €529 | +€173 | +48.5% |
| Recurring financial income | 75 | €356 | €529 | +€173 | +48.5% |
| Financial charges | 65/66B | €10,042 | €9,376 | -€666 | -6.6% |
| Recurring financial charges | 65 | €8,090 | €7,528 | -€562 | -6.9% |
| Non-recurring financial charges | 66B | €1,952 | €1,848 | -€104 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €9,783 | €21,770 | +€11,987 | +123% |
| Income taxes | 67/77 | €225 | €241 | +€16 | +7.2% |
| Profit (loss) for the period | 9904 | €9,558 | €21,529 | +€11,971 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €9,558 | €21,529 | +€11,971 | +125% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.