BIOT - DUVAL: 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.
BIOT - DUVAL
Largest movements
- Cash +€28,600
up €28,600 (+84.2%), from €33,973 to €62,573
mainly Net result for the year (+€36,188) and Depreciation (+€17,827)
- Receivables within one year +€19,856
up €19,856 (+74.7%), from €26,568 to €46,424
of which Other amounts receivable: +€18,598
- Tangible fixed assets -€17,827
down €17,827 (-35.7%), from €49,889 to €32,063
of which Furniture and vehicles: -€16,906
- Stocks and contracts +€12,606
up €12,606 (+3.4%), from €369,949 to €382,554
- Reserves +€36,188
up €36,188 (+26.7%), from €135,656 to €171,845
of which Distributable reserves: +€36,188
- Tax, wage and social debts +€11,991
up €11,991 (+287%), from €4,178 to €16,169
of which Taxes: +€11,991
- Gross operating margin -€13,015
down €13,015 (-16.2%), from €80,150 to €67,135
- Depreciation -€2,842
down €2,842 (-13.8%), from €20,669 to €17,827
- Taxes -€1,661
down €1,661 (-12.5%), from €13,248 to €11,587
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 | €488,164 | €533,050 | +€44,886 | +9.2% |
| Fixed assets | 21/28 | €49,889 | €32,063 | -€17,827 | -35.7% |
| Tangible fixed assets | 22/27 | €49,889 | €32,063 | -€17,827 | -35.7% |
| Plant, machinery and equipment | 23 | €355 | €0 | -€355 | -100% |
| Furniture and vehicles | 24 | €44,754 | €27,848 | -€16,906 | -37.8% |
| Other tangible fixed assets | 26 | €4,780 | €4,214 | -€566 | -11.8% |
| Current assets | 29/58 | €438,274 | €500,987 | +€62,713 | +14.3% |
| Stocks and contracts in progress | 3 | €369,949 | €382,554 | +€12,606 | +3.4% |
| Stocks | 30/36 | €369,949 | €382,554 | +€12,606 | +3.4% |
| Amounts receivable within one year | 40/41 | €26,568 | €46,424 | +€19,856 | +74.7% |
| Trade receivables | 40 | - | €1,258 | +€1,258 | |
| Other amounts receivable | 41 | €26,568 | €45,166 | +€18,598 | +70.0% |
| Cash at bank and in hand | 54/58 | €33,973 | €62,573 | +€28,600 | +84.2% |
| Deferred charges and accrued income | 490/1 | €7,786 | €9,436 | +€1,651 | +21.2% |
| Total equity and liabilities | 10/49 | €488,164 | €533,050 | +€44,886 | +9.2% |
| Equity | 10/15 | €477,723 | €513,911 | +€36,188 | +7.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €135,656 | €171,845 | +€36,188 | +26.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €129,456 | €165,645 | +€36,188 | +28.0% |
| Profit (loss) carried forward | 14 | €280,066 | €280,066 | = | 0.0% |
| Amounts payable | 17/49 | €10,441 | €19,139 | +€8,698 | +83.3% |
| Amounts payable within one year | 42/48 | €10,441 | €19,139 | +€8,698 | +83.3% |
| Trade debts | 44 | €3,287 | €437 | -€2,850 | -86.7% |
| Suppliers | 440/4 | €3,287 | €437 | -€2,850 | -86.7% |
| Taxes, remuneration and social security | 45 | €4,178 | €16,169 | +€11,991 | +287% |
| Taxes | 450/3 | €1,678 | €13,669 | +€11,991 | +714% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €2,976 | €2,533 | -€443 | -14.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,669 | €17,827 | -€2,842 | -13.8% |
| Other operating charges | 640/8 | €1,084 | €982 | -€102 | -9.4% |
| Non-recurring operating charges | 66A | €2,314 | €0 | -€2,314 | -100% |
| Gross operating margin | 9900 | €80,150 | €67,135 | -€13,015 | -16.2% |
| Operating profit (loss) | 9901 | €56,083 | €48,326 | -€7,757 | -13.8% |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €370 | €578 | +€209 | +56.5% |
| Recurring financial charges | 65 | €370 | €578 | +€209 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €55,713 | €47,775 | -€7,938 | -14.2% |
| Income taxes | 67/77 | €13,248 | €11,587 | -€1,661 | -12.5% |
| Profit (loss) for the period | 9904 | €42,465 | €36,188 | -€6,277 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,465 | €36,188 | -€6,277 | -14.8% |
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 15 October 2026 via checked.be.