LOUIS DOTHEY: 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.
LOUIS DOTHEY
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Short-term financial debts +€32,810
up €32,810 (+8.7%), from €375,149 to €407,959
of which Other loans: +€187,500
- Profit (loss) carried forward -€30,461
down €30,461 (-2.6%), from -€1.2m to -€1.2m
- Financial charges -€2,966
down €2,966 (-14.1%), from €21,097 to €18,131
- Financial income +€395
new in 2025: €395
- Gross operating margin -€368
down €368 (-4.6%), from -€8,065 to -€8,433
- Depreciation -€94
down €94 (-2.9%), from €3,296 to €3,202
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 | €868,497 | €871,919 | +€3,422 | +0.4% |
| Fixed assets | 21/28 | €752,130 | €748,929 | -€3,202 | -0.4% |
| Tangible fixed assets | 22/27 | €752,130 | €748,929 | -€3,202 | -0.4% |
| Land and buildings | 22 | €729,159 | €725,958 | -€3,202 | -0.4% |
| Other tangible fixed assets | 26 | €22,971 | €22,971 | = | 0.0% |
| Current assets | 29/58 | €116,367 | €122,991 | +€6,624 | +5.7% |
| Amounts receivable within one year | 40/41 | €707 | €191 | -€516 | -73.0% |
| Other amounts receivable | 41 | €707 | €191 | -€516 | -73.0% |
| Current investments | 50/53 | €115,659 | €115,659 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €0 | €7,140 | +€7,140 | +7,933,067% |
| Total equity and liabilities | 10/49 | €868,497 | €871,919 | +€3,422 | +0.4% |
| Equity | 10/15 | €429,297 | €398,836 | -€30,461 | -7.1% |
| Contributions | 10/11 | €604,000 | €604,000 | = | 0.0% |
| Capital | 10 | €604,000 | €604,000 | = | 0.0% |
| Issued capital | 100 | €604,000 | €604,000 | = | 0.0% |
| Revaluation surpluses | 12 | €661,012 | €661,012 | = | 0.0% |
| Reserves | 13 | €323,184 | €323,184 | = | 0.0% |
| Non-distributable reserves | 130/1 | €128,748 | €128,748 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Own shares acquired | 1312 | €115,659 | €115,659 | = | 0.0% |
| Other | 1319 | €694 | €694 | = | 0.0% |
| Distributable reserves | 133 | €194,436 | €194,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,158,899 | -€1,189,360 | -€30,461 | -2.6% |
| Amounts payable | 17/49 | €439,201 | €473,083 | +€33,883 | +7.7% |
| Amounts payable within one year | 42/48 | €439,201 | €473,083 | +€33,883 | +7.7% |
| Financial debts | 43 | €375,149 | €407,959 | +€32,810 | +8.7% |
| Credit institutions | 430/8 | €229,032 | €74,342 | -€154,690 | -67.5% |
| Other loans | 439 | €146,117 | €333,617 | +€187,500 | +128% |
| Trade debts | 44 | €30,695 | €24,073 | -€6,621 | -21.6% |
| Suppliers | 440/4 | €30,695 | €24,073 | -€6,621 | -21.6% |
| Taxes, remuneration and social security | 45 | €5,435 | €7,439 | +€2,004 | +36.9% |
| Taxes | 450/3 | €5,435 | €7,439 | +€2,004 | +36.9% |
| Other amounts payable | 47/48 | €27,922 | €33,612 | +€5,690 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,296 | €3,202 | -€94 | -2.9% |
| Other operating charges | 640/8 | €1,039 | €1,089 | +€50 | +4.8% |
| Gross operating margin | 9900 | -€8,065 | -€8,433 | -€368 | -4.6% |
| Operating profit (loss) | 9901 | -€12,401 | -€12,725 | -€324 | -2.6% |
| Financial income | 75/76B | - | €395 | +€395 | |
| Recurring financial income | 75 | - | €395 | +€395 | |
| Financial charges | 65/66B | €21,097 | €18,131 | -€2,966 | -14.1% |
| Recurring financial charges | 65 | €21,097 | €18,131 | -€2,966 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | -€33,498 | -€30,461 | +€3,037 | +9.1% |
| Profit (loss) for the period | 9904 | -€33,498 | -€30,461 | +€3,037 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,498 | -€30,461 | +€3,037 | +9.1% |
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 13 October 2026 via checked.be.