DOVERA: 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.
DOVERA
Largest movements
- Current investments +€40,000
up €40,000 (+23.5%), from €170,000 to €210,000
- Receivables within one year +€19,710
up €19,710 (+654%), from €3,015 to €22,725
of which Trade receivables: +€20,570
- Tangible fixed assets -€2,734
down €2,734 (-52.9%), from €5,164 to €2,430
of which Plant, machinery and equipment: -€1,415
- Reserves +€37,274
up €37,274 (+38.0%), from €98,207 to €135,481
of which Distributable reserves: +€37,274
- Tax, wage and social debts +€6,022
up €6,022 (+192%), from €3,129 to €9,150
- Profit (loss) carried forward +€5,877
up €5,877 (+85.7%), from €6,858 to €12,735
- Other debts +€4,140
up €4,140 (+5.1%), from €81,336 to €85,476
- Gross operating margin +€38,991
up €38,991 (+135%), from €28,965 to €67,955
- Taxes +€12,934
up €12,934 (+201%), from €6,426 to €19,360
- Depreciation -€2,153
down €2,153 (-44.1%), from €4,887 to €2,734
- Financial income -€1,677
down €1,677 (-30.7%), from €5,467 to €3,791
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 | €216,042 | €268,747 | +€52,706 | +24.4% |
| Fixed assets | 21/28 | €6,334 | €2,430 | -€3,904 | -61.6% |
| Tangible fixed assets | 22/27 | €5,164 | €2,430 | -€2,734 | -52.9% |
| Plant, machinery and equipment | 23 | €2,158 | €742 | -€1,415 | -65.6% |
| Furniture and vehicles | 24 | €3,006 | €1,688 | -€1,318 | -43.9% |
| Financial fixed assets | 28 | €1,170 | €0 | -€1,170 | -100% |
| Current assets | 29/58 | €209,708 | €266,317 | +€56,609 | +27.0% |
| Amounts receivable within one year | 40/41 | €3,015 | €22,725 | +€19,710 | +654% |
| Trade receivables | 40 | - | €20,570 | +€20,570 | |
| Other amounts receivable | 41 | €3,015 | €2,155 | -€860 | -28.5% |
| Current investments | 50/53 | €170,000 | €210,000 | +€40,000 | +23.5% |
| Cash at bank and in hand | 54/58 | €34,691 | €32,545 | -€2,146 | -6.2% |
| Deferred charges and accrued income | 490/1 | €2,002 | €1,048 | -€954 | -47.7% |
| Total equity and liabilities | 10/49 | €216,042 | €268,747 | +€52,706 | +24.4% |
| Equity | 10/15 | €125,065 | €168,216 | +€43,151 | +34.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €98,207 | €135,481 | +€37,274 | +38.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €96,207 | €133,481 | +€37,274 | +38.7% |
| Profit (loss) carried forward | 14 | €6,858 | €12,735 | +€5,877 | +85.7% |
| Amounts payable | 17/49 | €90,977 | €100,532 | +€9,555 | +10.5% |
| Amounts payable within one year | 42/48 | €84,540 | €94,626 | +€10,087 | +11.9% |
| Trade debts | 44 | €75 | €0 | -€75 | -100% |
| Suppliers | 440/4 | €75 | €0 | -€75 | -100% |
| Taxes, remuneration and social security | 45 | €3,129 | €9,150 | +€6,022 | +192% |
| Taxes | 450/3 | €3,129 | €9,150 | +€6,022 | +192% |
| Other amounts payable | 47/48 | €81,336 | €85,476 | +€4,140 | +5.1% |
| Accrued charges and deferred income | 492/3 | €6,437 | €5,905 | -€532 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,887 | €2,734 | -€2,153 | -44.1% |
| Other operating charges | 640/8 | €720 | €483 | -€238 | -33.0% |
| Gross operating margin | 9900 | €28,965 | €67,955 | +€38,991 | +135% |
| Operating profit (loss) | 9901 | €23,357 | €64,739 | +€41,382 | +177% |
| Financial income | 75/76B | €5,467 | €3,791 | -€1,677 | -30.7% |
| Recurring financial income | 75 | €5,467 | €3,791 | -€1,677 | -30.7% |
| Financial charges | 65/66B | €6,579 | €6,019 | -€561 | -8.5% |
| Recurring financial charges | 65 | €6,579 | €6,019 | -€561 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €22,245 | €62,511 | +€40,266 | +181% |
| Income taxes | 67/77 | €6,426 | €19,360 | +€12,934 | +201% |
| Profit (loss) for the period | 9904 | €15,819 | €43,151 | +€27,332 | +173% |
| Profit (loss) for the period to be appropriated | 9905 | €15,819 | €43,151 | +€27,332 | +173% |
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 25 October 2026 via checked.be.