DOX: 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.
DOX
Largest movements
- Intangible fixed assets -€33,092
down €33,092 (-36.1%), from €91,777 to €58,685
- Receivables within one year +€17,559
up €17,559 (+13.0%), from €135,441 to €152,999
of which Trade receivables: +€28,185
- Cash +€6,329
up €6,329 (+428%), from €1,480 to €7,809
mainly Trade debts (+€40,568) and Depreciation (+€36,756)
- Tangible fixed assets +€6,285
up €6,285 (+49.6%), from €12,670 to €18,955
of which Other tangible fixed assets: +€3,912
- Trade debts +€40,568
up €40,568 (+77.1%), from €52,640 to €93,208
- Tax, wage and social debts -€15,061
down €15,061 (-42.4%), from €35,555 to €20,494
of which Remuneration and social security: -€12,228
- Investment grants -€11,736
down €11,736 (-25.0%), from €46,945 to €35,209
- Debts after one year -€11,418
down €11,418 (-85.6%), from €13,340 to €1,922
- Profit (loss) carried forward +€4,783
up €4,783 (+9.3%), from €51,432 to €56,215
- Staff costs -€25,990
down €25,990 (-23.2%), from €111,876 to €85,886
- Gross operating margin -€13,640
down €13,640 (-9.0%), from €150,788 to €137,148
- Financial charges +€11,548
up €11,548 (+1,925%), from €600 to €12,148
- Other operating charges +€7,336
up €7,336 (+354%), from €2,071 to €9,407
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 | €244,975 | €242,383 | -€2,591 | -1.1% |
| Fixed assets | 21/28 | €104,447 | €77,640 | -€26,807 | -25.7% |
| Intangible fixed assets | 21 | €91,777 | €58,685 | -€33,092 | -36.1% |
| Tangible fixed assets | 22/27 | €12,670 | €18,955 | +€6,285 | +49.6% |
| Furniture and vehicles | 24 | €10,202 | €12,575 | +€2,373 | +23.3% |
| Other tangible fixed assets | 26 | €2,468 | €6,380 | +€3,912 | +159% |
| Current assets | 29/58 | €140,528 | €164,743 | +€24,216 | +17.2% |
| Stocks and contracts in progress | 3 | €3,607 | €3,935 | +€328 | +9.1% |
| Stocks | 30/36 | €3,607 | €3,935 | +€328 | +9.1% |
| Amounts receivable within one year | 40/41 | €135,441 | €152,999 | +€17,559 | +13.0% |
| Trade receivables | 40 | €3,458 | €31,643 | +€28,185 | +815% |
| Other amounts receivable | 41 | €131,983 | €121,356 | -€10,627 | -8.1% |
| Cash at bank and in hand | 54/58 | €1,480 | €7,809 | +€6,329 | +428% |
| Total equity and liabilities | 10/49 | €244,975 | €242,383 | -€2,591 | -1.1% |
| Equity | 10/15 | €111,188 | €104,234 | -€6,953 | -6.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €410 | €410 | = | 0.0% |
| Distributable reserves | 133 | €410 | €410 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,432 | €56,215 | +€4,783 | +9.3% |
| Investment grants | 15 | €46,945 | €35,209 | -€11,736 | -25.0% |
| Amounts payable | 17/49 | €133,787 | €138,149 | +€4,362 | +3.3% |
| Amounts payable after more than one year | 17 | €13,340 | €1,922 | -€11,418 | -85.6% |
| Financial debts | 170/4 | €13,340 | €1,922 | -€11,418 | -85.6% |
| Amounts payable within one year | 42/48 | €118,124 | €136,202 | +€18,078 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €15,454 | €11,460 | -€3,994 | -25.8% |
| Trade debts | 44 | €52,640 | €93,208 | +€40,568 | +77.1% |
| Suppliers | 440/4 | €52,640 | €93,208 | +€40,568 | +77.1% |
| Taxes, remuneration and social security | 45 | €35,555 | €20,494 | -€15,061 | -42.4% |
| Taxes | 450/3 | €11,426 | €8,593 | -€2,833 | -24.8% |
| Remuneration and social security | 454/9 | €24,129 | €11,901 | -€12,228 | -50.7% |
| Other amounts payable | 47/48 | €14,474 | €11,039 | -€3,435 | -23.7% |
| Accrued charges and deferred income | 492/3 | €2,323 | €25 | -€2,298 | -98.9% |
| Remuneration, social security and pensions | 62 | €111,876 | €85,886 | -€25,990 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,019 | €36,756 | +€736 | +2.0% |
| Other operating charges | 640/8 | €2,071 | €9,407 | +€7,336 | +354% |
| Gross operating margin | 9900 | €150,788 | €137,148 | -€13,640 | -9.0% |
| Operating profit (loss) | 9901 | €821 | €5,100 | +€4,278 | +521% |
| Financial income | 75/76B | €11,983 | €12,054 | +€71 | +0.6% |
| Recurring financial income | 75 | €11,983 | €12,054 | +€71 | +0.6% |
| Financial charges | 65/66B | €600 | €12,148 | +€11,548 | +1,925% |
| Recurring financial charges | 65 | €600 | €12,148 | +€11,548 | +1,925% |
| Profit (loss) for the period before taxes | 9903 | €12,204 | €5,007 | -€7,198 | -59.0% |
| Income taxes | 67/77 | - | €224 | +€224 | |
| Profit (loss) for the period | 9904 | €12,204 | €4,783 | -€7,421 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,204 | €4,783 | -€7,421 | -60.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.