Dogan: what changed
Dogan
Largest movements
- Tangible fixed assets +€35,391
up €35,391 (+665%), from €5,323 to €40,715
of which Furniture and vehicles: +€35,593
- Financial fixed assets -€3,544
down €3,544 (-67.3%), from €5,264 to €1,720
- Cash +€3,464
up €3,464 (+27.3%), from €12,707 to €16,172
mainly Debts after one year (+€25,441) and Other debts (+€10,595)
- Receivables within one year +€1,379
up €1,379 (+32.3%), from €4,267 to €5,646
of which Other amounts receivable: +€3,330
- Debts after one year +€25,441
new in 2025: €25,441
- Profit (loss) carried forward -€14,612
down €14,612 (-309%), from -€4,733 to -€19,345
- Other debts +€10,595
up €10,595 (+73.3%), from €14,462 to €25,057
- Trade debts +€6,893
new in 2025: €6,893
- Tax, wage and social debts +€4,221
up €4,221 (+134%), from €3,159 to €7,380
of which Remuneration and social security: +€3,800
- Depreciation +€7,862
up €7,862 (+421%), from €1,869 to €9,731
- Gross operating margin -€3,608
down €3,608 (-63.0%), from €5,727 to €2,119
- Other operating charges +€2,339
up €2,339 (+124%), from €1,881 to €4,220
- Financial charges +€2,240
up €2,240 (+1,138%), from €197 to €2,437
- Taxes +€342
new in 2025: €342
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,888 | €64,381 | +€36,493 | +131% |
| Formation expenses | 20 | €327 | €0 | -€327 | -100% |
| Fixed assets | 21/28 | €10,587 | €42,434 | +€31,848 | +301% |
| Tangible fixed assets | 22/27 | €5,323 | €40,715 | +€35,391 | +665% |
| Plant, machinery and equipment | 23 | €1,648 | €1,447 | -€201 | -12.2% |
| Furniture and vehicles | 24 | €3,675 | €39,268 | +€35,593 | +968% |
| Financial fixed assets | 28 | €5,264 | €1,720 | -€3,544 | -67.3% |
| Current assets | 29/58 | €16,974 | €21,947 | +€4,973 | +29.3% |
| Amounts receivable within one year | 40/41 | €4,267 | €5,646 | +€1,379 | +32.3% |
| Trade receivables | 40 | €1,950 | - | -€1,950 | |
| Other amounts receivable | 41 | €2,316 | €5,646 | +€3,330 | +144% |
| Cash at bank and in hand | 54/58 | €12,707 | €16,172 | +€3,464 | +27.3% |
| Deferred charges and accrued income | 490/1 | - | €129 | +€129 | |
| Total equity and liabilities | 10/49 | €27,888 | €64,381 | +€36,493 | +131% |
| Equity | 10/15 | €10,267 | -€4,345 | -€14,612 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,733 | -€19,345 | -€14,612 | -309% |
| Amounts payable | 17/49 | €17,620 | €68,726 | +€51,105 | +290% |
| Amounts payable after more than one year | 17 | - | €25,441 | +€25,441 | |
| Financial debts | 170/4 | - | €25,441 | +€25,441 | |
| Amounts payable within one year | 42/48 | €17,620 | €43,285 | +€25,665 | +146% |
| Current portion of amounts payable after more than one year | 42 | - | €3,955 | +€3,955 | |
| Trade debts | 44 | - | €6,893 | +€6,893 | |
| Suppliers | 440/4 | - | €6,893 | +€6,893 | |
| Taxes, remuneration and social security | 45 | €3,159 | €7,380 | +€4,221 | +134% |
| Taxes | 450/3 | €3,159 | €3,580 | +€421 | +13.3% |
| Remuneration and social security | 454/9 | - | €3,800 | +€3,800 | |
| Other amounts payable | 47/48 | €14,462 | €25,057 | +€10,595 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,869 | €9,731 | +€7,862 | +421% |
| Other operating charges | 640/8 | €1,881 | €4,220 | +€2,339 | +124% |
| Gross operating margin | 9900 | €5,727 | €2,119 | -€3,608 | -63.0% |
| Operating profit (loss) | 9901 | €1,977 | -€11,833 | -€13,809 | |
| Financial charges | 65/66B | €197 | €2,437 | +€2,240 | +1,138% |
| Recurring financial charges | 65 | €197 | €2,437 | +€2,240 | +1,138% |
| Profit (loss) for the period before taxes | 9903 | €1,780 | -€14,270 | -€16,050 | |
| Income taxes | 67/77 | - | €342 | +€342 | |
| Profit (loss) for the period | 9904 | €1,780 | -€14,612 | -€16,392 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,780 | -€14,612 | -€16,392 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.