TheDOCK: 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.
TheDOCK
Largest movements
- Stocks and contracts +€390,360
up €390,360 (+4.3%), from €9.1m to €9.5m
- Debts after one year +€966,093
up €966,093 (+10.2%), from €9.5m to €10.5m
of which Other amounts payable: +€2.0m
- Profit (loss) carried forward -€432,432
down €432,432 (-7.0%), from -€6.2m to -€6.6m
- Trade debts -€251,195
down €251,195 (-81.8%), from €307,086 to €55,892
- Gross operating margin +€136,905
up €136,905 (+4264.6%), from €3,210 to €140,116
- Financial charges -€118,905
down €118,905 (-17.2%), from €690,013 to €571,108
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.
Cash bridge derived
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 | €9,162,525 | €9,516,970 | +€354,446 | +3.9% |
| Current assets | 29/58 | €9,162,525 | €9,516,970 | +€354,446 | +3.9% |
| Stocks and contracts in progress | 3 | €9,114,021 | €9,504,381 | +€390,360 | +4.3% |
| Stocks | 30/36 | €9,114,021 | €9,504,381 | +€390,360 | +4.3% |
| Amounts receivable within one year | 40/41 | €42,711 | €8,573 | -€34,137 | -79.9% |
| Trade receivables | 40 | €3,477 | - | -€3,477 | |
| Other amounts receivable | 41 | €39,234 | €8,573 | -€30,660 | -78.1% |
| Cash at bank and in hand | 54/58 | €5,793 | €4,016 | -€1,777 | -30.7% |
| Total equity and liabilities | 10/49 | €9,162,525 | €9,516,970 | +€354,446 | +3.9% |
| Equity | 10/15 | -€3,758,031 | -€4,190,463 | -€432,432 | -11.5% |
| Contributions | 10/11 | €2,420,000 | €2,420,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,178,031 | -€6,610,463 | -€432,432 | -7.0% |
| Amounts payable | 17/49 | €12,920,556 | €13,707,433 | +€786,878 | +6.1% |
| Amounts payable after more than one year | 17 | €9,491,630 | €10,457,723 | +€966,093 | +10.2% |
| Financial debts | 170/4 | €4,850,000 | €3,850,000 | -€1.0m | -20.6% |
| Other amounts payable | 178/9 | €4,641,630 | €6,607,723 | +€2.0m | +42.4% |
| Amounts payable within one year | 42/48 | €3,378,808 | €3,216,543 | -€162,265 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €307,086 | €55,892 | -€251,195 | -81.8% |
| Suppliers | 440/4 | €307,086 | €55,892 | -€251,195 | -81.8% |
| Other amounts payable | 47/48 | €2,071,721 | €2,160,652 | +€88,930 | +4.3% |
| Accrued charges and deferred income | 492/3 | €50,118 | €33,168 | -€16,950 | -33.8% |
| Other operating charges | 640/8 | €1,086 | €1,440 | +€355 | +32.7% |
| Gross operating margin | 9900 | €3,210 | €140,116 | +€136,905 | +4264.6% |
| Operating profit (loss) | 9901 | €2,125 | €138,676 | +€136,551 | +6426.7% |
| Financial charges | 65/66B | €690,013 | €571,108 | -€118,905 | -17.2% |
| Recurring financial charges | 65 | €690,013 | €571,108 | -€118,905 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | -€687,888 | -€432,432 | +€255,456 | +37.1% |
| Profit (loss) for the period | 9904 | -€687,888 | -€432,432 | +€255,456 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€687,888 | -€432,432 | +€255,456 | +37.1% |
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 10 October 2026 via checked.be.