DAUBY: what changed
Two fiscal 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.
DAUBY
Largest movements
- Stocks and contracts +€93,255
up €93,255 (+17.9%), from €519,919 to €613,174
- Deferred charges and accrued income +€53,312
up €53,312 (+200.9%), from €26,542 to €79,854
- Receivables within one year -€26,455
down €26,455 (-9.9%), from €266,145 to €239,691
of which Other amounts receivable: -€13,699
- Cash +€26,334
up €26,334 (+6.5%), from €406,914 to €433,248
mainly Net result for the year (+€751,158) and Trade debts (+€122,450)
- Intangible fixed assets -€26,295
down €26,295 (-28.7%), from €91,630 to €65,335
- Trade debts +€122,450
up €122,450 (+77.5%), from €157,985 to €280,436
- Tax, wage and social debts +€58,719
up €58,719 (+30.8%), from €190,465 to €249,184
of which Remuneration and social security: +€42,588
- Other debts -€49,125
down €49,125 (-32.0%), from €153,643 to €104,518
- Reserves -€48,842
down €48,842 (-5.8%), from €842,285 to €793,443
of which Tax-exempt reserves: -€84,200
- Short-term financial debts +€19,431
up €19,431 (+46.0%), from €42,236 to €61,667
- Gross operating margin +€322,811
up €322,811 (+16.7%), from €1.9m to €2.3m
- Staff costs +€103,612
up €103,612 (+10.4%), from €993,996 to €1.1m
- Taxes +€45,084
up €45,084 (+21.3%), from €211,176 to €256,260
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 | €1,461,187 | €1,563,821 | +€102,633 | +7.0% |
| Fixed assets | 21/28 | €241,667 | €197,855 | -€43,812 | -18.1% |
| Intangible fixed assets | 21 | €91,630 | €65,335 | -€26,295 | -28.7% |
| Tangible fixed assets | 22/27 | €150,038 | €132,520 | -€17,517 | -11.7% |
| Plant, machinery and equipment | 23 | €7,069 | €15,093 | +€8,024 | +113.5% |
| Furniture and vehicles | 24 | €37,610 | €22,494 | -€15,116 | -40.2% |
| Other tangible fixed assets | 26 | €105,358 | €94,933 | -€10,425 | -9.9% |
| Current assets | 29/58 | €1,219,520 | €1,365,966 | +€146,446 | +12.0% |
| Stocks and contracts in progress | 3 | €519,919 | €613,174 | +€93,255 | +17.9% |
| Stocks | 30/36 | €519,919 | €613,174 | +€93,255 | +17.9% |
| Amounts receivable within one year | 40/41 | €266,145 | €239,691 | -€26,455 | -9.9% |
| Trade receivables | 40 | €194,782 | €182,026 | -€12,756 | -6.5% |
| Other amounts receivable | 41 | €71,363 | €57,664 | -€13,699 | -19.2% |
| Cash at bank and in hand | 54/58 | €406,914 | €433,248 | +€26,334 | +6.5% |
| Deferred charges and accrued income | 490/1 | €26,542 | €79,854 | +€53,312 | +200.9% |
| Total equity and liabilities | 10/49 | €1,461,187 | €1,563,821 | +€102,633 | +7.0% |
| Equity | 10/15 | €916,653 | €867,811 | -€48,842 | -5.3% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €842,285 | €793,443 | -€48,842 | -5.8% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €0 | -€84,200 | -100.0% |
| Distributable reserves | 133 | €750,648 | €786,006 | +€35,358 | +4.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €544,534 | €696,010 | +€151,476 | +27.8% |
| Amounts payable within one year | 42/48 | €544,534 | €696,010 | +€151,476 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €42,236 | €61,667 | +€19,431 | +46.0% |
| Credit institutions | 430/8 | €42,236 | €61,667 | +€19,431 | +46.0% |
| Trade debts | 44 | €157,985 | €280,436 | +€122,450 | +77.5% |
| Suppliers | 440/4 | €157,985 | €280,436 | +€122,450 | +77.5% |
| Advances received on contracts in progress | 46 | €205 | €205 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €190,465 | €249,184 | +€58,719 | +30.8% |
| Taxes | 450/3 | €58,796 | €74,927 | +€16,131 | +27.4% |
| Remuneration and social security | 454/9 | €131,669 | €174,257 | +€42,588 | +32.3% |
| Other amounts payable | 47/48 | €153,643 | €104,518 | -€49,125 | -32.0% |
| Remuneration, social security and pensions | 62 | €993,996 | €1,097,608 | +€103,612 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,283 | €101,705 | +€2,422 | +2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,677 | €778 | +€2,454 | |
| Other operating charges | 640/8 | €20,463 | €12,197 | -€8,266 | -40.4% |
| Gross operating margin | 9900 | €1,937,476 | €2,260,288 | +€322,811 | +16.7% |
| Operating profit (loss) | 9901 | €825,411 | €1,048,000 | +€222,589 | +27.0% |
| Financial income | 75/76B | €11,639 | €3,872 | -€7,767 | -66.7% |
| Recurring financial income | 75 | €11,639 | €3,872 | -€7,767 | -66.7% |
| Financial charges | 65/66B | €41,813 | €44,455 | +€2,642 | +6.3% |
| Recurring financial charges | 65 | €41,813 | €44,455 | +€2,642 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €795,238 | €1,007,418 | +€212,180 | +26.7% |
| Income taxes | 67/77 | €211,176 | €256,260 | +€45,084 | +21.3% |
| Profit (loss) for the period | 9904 | €584,062 | €751,158 | +€167,096 | +28.6% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €584,062 | €835,358 | +€251,296 | +43.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.