I DOTTORI: 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.
I DOTTORI
Largest movements
- Tangible fixed assets -€104,207
down €104,207 (-4.4%), from €2.4m to €2.2m
of which Land and buildings: -€94,728
- Receivables within one year +€58,102
up €58,102 (+41.7%), from €139,305 to €197,407
of which Other amounts receivable: +€78,059
- Current investments -€55,000
down €55,000 (-31.4%), from €175,000 to €120,000
- Revaluation surpluses -€41,881
down €41,881 (-16.2%), from €258,404 to €216,524
- Gross operating margin +€113,172
up €113,172 (+93.4%), from -€121,148 to -€7,976
- Financial income -€9,533
down €9,533 (-11.9%), from €80,140 to €70,608
of which Non-recurring financial income: -€17,500
- Financial charges -€7,530
down €7,530 (-82.5%), from €9,122 to €1,593
- Taxes +€5,152
up €5,152 (+721%), from €715 to €5,866
- Other operating charges -€2,974
down €2,974 (-70.8%), from €4,199 to €1,225
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 | €2,697,466 | €2,615,002 | -€82,464 | -3.1% |
| Fixed assets | 21/28 | €2,351,908 | €2,247,701 | -€104,207 | -4.4% |
| Tangible fixed assets | 22/27 | €2,351,908 | €2,247,701 | -€104,207 | -4.4% |
| Land and buildings | 22 | €2,303,677 | €2,208,949 | -€94,728 | -4.1% |
| Plant, machinery and equipment | 23 | €825 | - | -€825 | |
| Furniture and vehicles | 24 | €47,405 | €38,751 | -€8,654 | -18.3% |
| Current assets | 29/58 | €345,559 | €367,302 | +€21,743 | +6.3% |
| Amounts receivable within one year | 40/41 | €139,305 | €197,407 | +€58,102 | +41.7% |
| Trade receivables | 40 | €19,957 | - | -€19,957 | |
| Other amounts receivable | 41 | €119,348 | €197,407 | +€78,059 | +65.4% |
| Current investments | 50/53 | €175,000 | €120,000 | -€55,000 | -31.4% |
| Cash at bank and in hand | 54/58 | €31,254 | €49,489 | +€18,235 | +58.3% |
| Deferred charges and accrued income | 490/1 | - | €406 | +€406 | |
| Total equity and liabilities | 10/49 | €2,697,466 | €2,615,002 | -€82,464 | -3.1% |
| Equity | 10/15 | €10,706 | -€65,023 | -€75,728 | |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Revaluation surpluses | 12 | €258,404 | €216,524 | -€41,881 | -16.2% |
| Reserves | 13 | €2,197,184 | €2,182,610 | -€14,575 | -0.7% |
| Tax-exempt reserves | 132 | €984,629 | €928,174 | -€56,456 | -5.7% |
| Distributable reserves | 133 | €1,212,555 | €1,254,436 | +€41,881 | +3.5% |
| Profit (loss) carried forward | 14 | -€2,794,883 | -€2,814,156 | -€19,273 | -0.7% |
| Provisions and deferred taxes | 16 | €21 | €20 | -€1 | -4.8% |
| Deferred taxes | 168 | €21 | €20 | -€1 | -4.8% |
| Amounts payable | 17/49 | €2,686,740 | €2,680,005 | -€6,735 | -0.3% |
| Amounts payable after more than one year | 17 | €2,350,000 | €2,350,000 | = | 0.0% |
| Financial debts | 170/4 | €2,350,000 | €2,350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €335,790 | €329,055 | -€6,735 | -2.0% |
| Trade debts | 44 | €17,856 | €4,038 | -€13,818 | -77.4% |
| Suppliers | 440/4 | €17,856 | €4,038 | -€13,818 | -77.4% |
| Taxes, remuneration and social security | 45 | €793 | €6,626 | +€5,833 | +735% |
| Taxes | 450/3 | €793 | €6,626 | +€5,833 | +735% |
| Other amounts payable | 47/48 | €317,141 | €318,391 | +€1,250 | +0.4% |
| Accrued charges and deferred income | 492/3 | €950 | €950 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,314 | €129,677 | +€363 | +0.3% |
| Other operating charges | 640/8 | €4,199 | €1,225 | -€2,974 | -70.8% |
| Gross operating margin | 9900 | -€121,148 | -€7,976 | +€113,172 | +93.4% |
| Operating profit (loss) | 9901 | -€254,661 | -€138,878 | +€115,783 | +45.5% |
| Financial income | 75/76B | €80,140 | €70,608 | -€9,533 | -11.9% |
| Recurring financial income | 75 | €5,140 | €13,108 | +€7,967 | +155% |
| Non-recurring financial income | 76B | €75,000 | €57,500 | -€17,500 | -23.3% |
| Financial charges | 65/66B | €9,122 | €1,593 | -€7,530 | -82.5% |
| Recurring financial charges | 65 | €9,122 | €1,593 | -€7,530 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | -€183,643 | -€69,863 | +€113,780 | +62.0% |
| Transfer from deferred taxes | 780 | €1 | €1 | = | 0.0% |
| Income taxes | 67/77 | €715 | €5,866 | +€5,152 | +721% |
| Profit (loss) for the period | 9904 | -€184,356 | -€75,728 | +€108,628 | +58.9% |
| Transfer from tax-exempt reserves | 789 | €31,867 | €56,456 | +€24,589 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€152,489 | -€19,273 | +€133,217 | +87.4% |
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 24 October 2026 via checked.be.