DOYEN B: 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.
DOYEN B
Largest movements
- Cash +€479,501
up €479,501 (+43.7%), from €1.1m to €1.6m
mainly Depreciation (+€640,517) and Net result for the year (+€621,408)
- Receivables within one year -€145,386
down €145,386 (-15.6%), from €930,487 to €785,101
of which Trade receivables: -€139,149
- Tangible fixed assets -€121,495
down €121,495 (-2.7%), from €4.5m to €4.4m
of which Plant, machinery and equipment: -€138,059
- Reserves +€620,750
up €620,750 (+19.3%), from €3.2m to €3.8m
of which Tax-exempt reserves: +€315,750
- Trade debts -€192,668
down €192,668 (-43.0%), from €447,699 to €255,031
- Other debts -€115,000
down €115,000 (-99.7%), from €115,375 to €375
- Current portion of long-term debt -€88,662
down €88,662 (-28.4%), from €312,639 to €223,977
- Debts after one year -€82,471
down €82,471 (-6.8%), from €1.2m to €1.1m
- Gross operating margin -€91,040
down €91,040 (-4.3%), from €2.1m to €2.0m
- Depreciation +€65,502
up €65,502 (+11.4%), from €575,015 to €640,517
- Taxes -€52,797
down €52,797 (-17.7%), from €297,689 to €244,892
- Staff costs +€44,644
up €44,644 (+9.6%), from €464,574 to €509,218
- Financial income +€30,847
up €30,847 (+215%), from €14,324 to €45,170
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 | €6,615,591 | €6,852,073 | +€236,482 | +3.6% |
| Fixed assets | 21/28 | €4,525,989 | €4,404,494 | -€121,495 | -2.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €4,489,184 | €4,367,689 | -€121,495 | -2.7% |
| Land and buildings | 22 | €3,162,172 | €3,142,372 | -€19,800 | -0.6% |
| Plant, machinery and equipment | 23 | €366,045 | €227,985 | -€138,059 | -37.7% |
| Furniture and vehicles | 24 | €876,967 | €747,082 | -€129,885 | -14.8% |
| Leasing and similar rights | 25 | €84,000 | €250,250 | +€166,250 | +198% |
| Financial fixed assets | 28 | €36,805 | €36,805 | = | 0.0% |
| Current assets | 29/58 | €2,089,603 | €2,447,579 | +€357,976 | +17.1% |
| Stocks and contracts in progress | 3 | €61,364 | €75,225 | +€13,861 | +22.6% |
| Stocks | 30/36 | €61,364 | €75,225 | +€13,861 | +22.6% |
| Amounts receivable within one year | 40/41 | €930,487 | €785,101 | -€145,386 | -15.6% |
| Trade receivables | 40 | €908,397 | €769,247 | -€139,149 | -15.3% |
| Other amounts receivable | 41 | €22,090 | €15,854 | -€6,236 | -28.2% |
| Cash at bank and in hand | 54/58 | €1,097,752 | €1,577,253 | +€479,501 | +43.7% |
| Deferred charges and accrued income | 490/1 | - | €10,000 | +€10,000 | |
| Total equity and liabilities | 10/49 | €6,615,591 | €6,852,073 | +€236,482 | +3.6% |
| Equity | 10/15 | €3,554,724 | €4,172,532 | +€617,808 | +17.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,209,993 | €3,830,743 | +€620,750 | +19.3% |
| Non-distributable reserves | 130/1 | €10,113 | €10,113 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,113 | €10,113 | = | 0.0% |
| Tax-exempt reserves | 132 | €535,880 | €851,630 | +€315,750 | +58.9% |
| Distributable reserves | 133 | €2,664,000 | €2,969,000 | +€305,000 | +11.4% |
| Profit (loss) carried forward | 14 | €334,931 | €335,589 | +€658 | +0.2% |
| Investment grants | 15 | €3,600 | - | -€3,600 | |
| Amounts payable | 17/49 | €3,060,867 | €2,679,541 | -€381,326 | -12.5% |
| Amounts payable after more than one year | 17 | €1,206,026 | €1,123,554 | -€82,471 | -6.8% |
| Financial debts | 170/4 | €1,206,026 | €1,123,554 | -€82,471 | -6.8% |
| Amounts payable within one year | 42/48 | €1,794,842 | €1,470,987 | -€323,855 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €312,639 | €223,977 | -€88,662 | -28.4% |
| Trade debts | 44 | €447,699 | €255,031 | -€192,668 | -43.0% |
| Suppliers | 440/4 | €447,699 | €255,031 | -€192,668 | -43.0% |
| Advances received on contracts in progress | 46 | €820,936 | €820,936 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €98,192 | €170,668 | +€72,476 | +73.8% |
| Taxes | 450/3 | €98,192 | €170,668 | +€72,476 | +73.8% |
| Other amounts payable | 47/48 | €115,375 | €375 | -€115,000 | -99.7% |
| Accrued charges and deferred income | 492/3 | €60,000 | €85,000 | +€25,000 | +41.7% |
| Remuneration, social security and pensions | 62 | €464,574 | €509,218 | +€44,644 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €575,015 | €640,517 | +€65,502 | +11.4% |
| Other operating charges | 640/8 | €31,114 | €33,789 | +€2,676 | +8.6% |
| Non-recurring operating charges | 66A | €3,370 | €1,487 | -€1,882 | -55.9% |
| Gross operating margin | 9900 | €2,126,515 | €2,035,475 | -€91,040 | -4.3% |
| Operating profit (loss) | 9901 | €1,052,443 | €850,463 | -€201,980 | -19.2% |
| Financial income | 75/76B | €14,324 | €45,170 | +€30,847 | +215% |
| Recurring financial income | 75 | €14,324 | €45,170 | +€30,847 | +215% |
| Financial charges | 65/66B | €36,238 | €29,333 | -€6,905 | -19.1% |
| Recurring financial charges | 65 | €36,238 | €29,333 | -€6,905 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €1,030,528 | €866,300 | -€164,228 | -15.9% |
| Income taxes | 67/77 | €297,689 | €244,892 | -€52,797 | -17.7% |
| Profit (loss) for the period | 9904 | €732,839 | €621,408 | -€111,431 | -15.2% |
| Transfer to tax-exempt reserves | 689 | €252,600 | €315,750 | +€63,150 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €480,239 | €305,658 | -€174,581 | -36.4% |
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 20 October 2026 via checked.be.