DONG: 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.
DONG
Largest movements
- Cash +€42,136
up €42,136 (+21.3%), from €197,415 to €239,551
mainly Depreciation (+€26,549) and Net result for the year (+€20,565)
- Tangible fixed assets -€22,658
down €22,658 (-35.8%), from €63,352 to €40,694
of which Furniture and vehicles: -€19,689
- Receivables within one year +€5,442
up €5,442 (+23.4%), from €23,297 to €28,739
of which Other amounts receivable: +€5,576
- Profit (loss) carried forward +€20,565
up €20,565 (+8.0%), from €257,238 to €277,803
- Trade debts +€4,695
up €4,695 (+112%), from €4,196 to €8,891
- Gross operating margin +€14,786
up €14,786 (+44.5%), from €33,261 to €48,047
- Staff costs -€13,081
no longer reported in 2025 (was €13,081)
- Depreciation -€7,566
down €7,566 (-22.2%), from €34,115 to €26,549
- Taxes -€2,315
down €2,315 (-73.9%), from €3,132 to €817
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 | €291,932 | €316,852 | +€24,920 | +8.5% |
| Fixed assets | 21/28 | €63,352 | €40,694 | -€22,658 | -35.8% |
| Tangible fixed assets | 22/27 | €63,352 | €40,694 | -€22,658 | -35.8% |
| Plant, machinery and equipment | 23 | €5,362 | €2,393 | -€2,969 | -55.4% |
| Furniture and vehicles | 24 | €57,990 | €38,301 | -€19,689 | -34.0% |
| Current assets | 29/58 | €228,580 | €276,158 | +€47,578 | +20.8% |
| Stocks and contracts in progress | 3 | €7,868 | €7,868 | = | 0.0% |
| Stocks | 30/36 | €7,868 | €7,868 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,297 | €28,739 | +€5,442 | +23.4% |
| Trade receivables | 40 | €6,134 | €6,000 | -€134 | -2.2% |
| Other amounts receivable | 41 | €17,163 | €22,739 | +€5,576 | +32.5% |
| Cash at bank and in hand | 54/58 | €197,415 | €239,551 | +€42,136 | +21.3% |
| Total equity and liabilities | 10/49 | €291,932 | €316,852 | +€24,920 | +8.5% |
| Equity | 10/15 | €280,338 | €300,903 | +€20,565 | +7.3% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €2,100 | €2,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,238 | €277,803 | +€20,565 | +8.0% |
| Amounts payable | 17/49 | €11,594 | €15,949 | +€4,355 | +37.6% |
| Amounts payable within one year | 42/48 | €11,594 | €15,949 | +€4,355 | +37.6% |
| Trade debts | 44 | €4,196 | €8,891 | +€4,695 | +112% |
| Suppliers | 440/4 | €4,196 | €8,891 | +€4,695 | +112% |
| Taxes, remuneration and social security | 45 | €2,207 | €4,934 | +€2,727 | +124% |
| Remuneration and social security | 454/9 | €2,207 | €4,934 | +€2,727 | +124% |
| Other amounts payable | 47/48 | €5,191 | €2,124 | -€3,067 | -59.1% |
| Remuneration, social security and pensions | 62 | €13,081 | - | -€13,081 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,115 | €26,549 | -€7,566 | -22.2% |
| Other operating charges | 640/8 | - | €116 | +€116 | |
| Gross operating margin | 9900 | €33,261 | €48,047 | +€14,786 | +44.5% |
| Operating profit (loss) | 9901 | -€13,935 | €21,382 | +€35,317 | |
| Profit (loss) for the period before taxes | 9903 | -€13,935 | €21,382 | +€35,317 | |
| Income taxes | 67/77 | €3,132 | €817 | -€2,315 | -73.9% |
| Profit (loss) for the period | 9904 | -€17,067 | €20,565 | +€37,632 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,067 | €20,565 | +€37,632 |
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 19 October 2026 via checked.be.