DAUBY ET ABEL: 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.
DAUBY ET ABEL
Largest movements
- Receivables within one year +€74,729
up €74,729 (+113%), from €65,882 to €140,611
of which Other amounts receivable: +€76,729
- Cash +€33,548
up €33,548 (+213%), from €15,764 to €49,313
mainly Net result for the year (+€102,166) and Depreciation (+€27,138)
- Tangible fixed assets -€20,508
down €20,508 (-5.3%), from €384,848 to €364,340
of which Furniture and vehicles: -€11,685
- Reserves +€102,166
up €102,166 (+29.5%), from €345,968 to €448,134
of which Distributable reserves: +€105,226
- Debts after one year -€34,140
down €34,140 (-35.9%), from €95,094 to €60,954
- Tax, wage and social debts +€24,910
up €24,910 (+56.4%), from €44,160 to €69,070
of which Taxes: +€25,115
- Short-term financial debts -€11,346
down €11,346 (-44.5%), from €25,516 to €14,170
- Profit (loss) carried forward -€10,000
down €10,000 (-6.5%), from €154,859 to €144,859
- Gross operating margin +€101,072
up €101,072 (+111%), from €91,178 to €192,250
- Financial income +€6,359
new in 2025: €6,359
- Financial charges +€4,036
up €4,036 (+55.0%), from €7,340 to €11,376
- Other operating charges -€3,133
down €3,133 (-25.0%), from €12,554 to €9,421
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 | €792,003 | €868,449 | +€76,445 | +9.7% |
| Fixed assets | 21/28 | €384,848 | €364,340 | -€20,508 | -5.3% |
| Tangible fixed assets | 22/27 | €384,848 | €364,340 | -€20,508 | -5.3% |
| Land and buildings | 22 | €339,463 | €330,640 | -€8,823 | -2.6% |
| Furniture and vehicles | 24 | €45,385 | €33,700 | -€11,685 | -25.7% |
| Current assets | 29/58 | €407,155 | €504,108 | +€96,953 | +23.8% |
| Amounts receivable after more than one year | 29 | €15,000 | €8,000 | -€7,000 | -46.7% |
| Other amounts receivable | 291 | €15,000 | €8,000 | -€7,000 | -46.7% |
| Amounts receivable within one year | 40/41 | €65,882 | €140,611 | +€74,729 | +113% |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Other amounts receivable | 41 | €63,882 | €140,611 | +€76,729 | +120% |
| Current investments | 50/53 | €305,071 | €305,071 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,764 | €49,313 | +€33,548 | +213% |
| Deferred charges and accrued income | 490/1 | €5,438 | €1,113 | -€4,324 | -79.5% |
| Total equity and liabilities | 10/49 | €792,003 | €868,449 | +€76,445 | +9.7% |
| Equity | 10/15 | €557,074 | €649,240 | +€92,166 | +16.5% |
| Contributions | 10/11 | €56,247 | €56,247 | = | 0.0% |
| Reserves | 13 | €345,968 | €448,134 | +€102,166 | +29.5% |
| Non-distributable reserves | 130/1 | €311,270 | €311,270 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,199 | €6,199 | = | 0.0% |
| Own shares acquired | 1312 | €305,071 | €305,071 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,697 | €31,637 | -€3,060 | -8.8% |
| Distributable reserves | 133 | - | €105,226 | +€105,226 | |
| Profit (loss) carried forward | 14 | €154,859 | €144,859 | -€10,000 | -6.5% |
| Provisions and deferred taxes | 16 | €17,862 | €16,286 | -€1,576 | -8.8% |
| Deferred taxes | 168 | €17,862 | €16,286 | -€1,576 | -8.8% |
| Amounts payable | 17/49 | €217,067 | €202,922 | -€14,145 | -6.5% |
| Amounts payable after more than one year | 17 | €95,094 | €60,954 | -€34,140 | -35.9% |
| Financial debts | 170/4 | €95,094 | €60,954 | -€34,140 | -35.9% |
| Amounts payable within one year | 42/48 | €121,973 | €141,968 | +€19,995 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €32,106 | €38,242 | +€6,136 | +19.1% |
| Financial debts | 43 | €25,516 | €14,170 | -€11,346 | -44.5% |
| Credit institutions | 430/8 | €25,516 | €14,170 | -€11,346 | -44.5% |
| Trade debts | 44 | €9,693 | €9,988 | +€295 | +3.0% |
| Suppliers | 440/4 | €9,693 | €9,988 | +€295 | +3.0% |
| Taxes, remuneration and social security | 45 | €44,160 | €69,070 | +€24,910 | +56.4% |
| Taxes | 450/3 | €43,955 | €69,070 | +€25,115 | +57.1% |
| Remuneration and social security | 454/9 | €205 | - | -€205 | |
| Other amounts payable | 47/48 | €10,497 | €10,497 | = | 0.0% |
| Non-recurring operating income | 76A | €13,500 | €4,904 | -€8,596 | -63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,144 | €27,138 | +€994 | +3.8% |
| Other operating charges | 640/8 | €12,554 | €9,421 | -€3,133 | -25.0% |
| Gross operating margin | 9900 | €91,178 | €192,250 | +€101,072 | +111% |
| Operating profit (loss) | 9901 | €52,480 | €155,691 | +€103,211 | +197% |
| Financial income | 75/76B | - | €6,359 | +€6,359 | |
| Recurring financial income | 75 | - | €6,359 | +€6,359 | |
| Financial charges | 65/66B | €7,340 | €11,376 | +€4,036 | +55.0% |
| Recurring financial charges | 65 | €7,340 | €11,376 | +€4,036 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | €45,140 | €150,674 | +€105,534 | +234% |
| Transfer from deferred taxes | 780 | €1,576 | €1,576 | = | 0.0% |
| Income taxes | 67/77 | €50,092 | €50,084 | -€8 | 0.0% |
| Profit (loss) for the period | 9904 | -€3,376 | €102,166 | +€105,542 | |
| Transfer from tax-exempt reserves | 789 | €3,060 | €3,060 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€316 | €105,226 | +€105,542 |
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 22 October 2026 via checked.be.