David Du Pont: 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.
David Du Pont
Largest movements
- Cash -€194,559
down €194,559 (-99.7%), from €195,168 to €609
mainly Contributions, distributions and other (-€275,000) and Tax, wage and social debts (-€49,039)
- Receivables after one year -€141,243
down €141,243 (-100%), from €141,243 to €0
- Receivables within one year +€31,563
up €31,563 (+395%), from €8,000 to €39,563
of which Other amounts receivable: +€39,563
- Tangible fixed assets -€9,378
down €9,378 (-100%), from €9,378 to €0
- Reserves -€280,550
down €280,550 (-95.0%), from €295,464 to €14,914
- Tax, wage and social debts -€49,039
down €49,039 (-98.0%), from €50,065 to €1,025
of which Taxes: -€49,039
- Other debts +€13,386
up €13,386 (+355%), from €3,770 to €17,156
- Gross operating margin -€207,744
down €207,744 (-98.6%), from €210,675 to €2,932
- Taxes -€47,232
down €47,232 (-98.3%), from €48,025 to €793
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 | €354,679 | €40,504 | -€314,175 | -88.6% |
| Fixed assets | 21/28 | €9,378 | €0 | -€9,378 | -100% |
| Tangible fixed assets | 22/27 | €9,378 | €0 | -€9,378 | -100% |
| Furniture and vehicles | 24 | €9,378 | €0 | -€9,378 | -100% |
| Current assets | 29/58 | €345,301 | €40,504 | -€304,797 | -88.3% |
| Amounts receivable after more than one year | 29 | €141,243 | €0 | -€141,243 | -100% |
| Other amounts receivable | 291 | €141,243 | €0 | -€141,243 | -100% |
| Amounts receivable within one year | 40/41 | €8,000 | €39,563 | +€31,563 | +395% |
| Trade receivables | 40 | €8,000 | €0 | -€8,000 | -100% |
| Other amounts receivable | 41 | €0 | €39,563 | +€39,563 | |
| Current investments | 50/53 | €100 | €0 | -€100 | -100% |
| Cash at bank and in hand | 54/58 | €195,168 | €609 | -€194,559 | -99.7% |
| Deferred charges and accrued income | 490/1 | €790 | €332 | -€458 | -58.0% |
| Total equity and liabilities | 10/49 | €354,679 | €40,504 | -€314,175 | -88.6% |
| Equity | 10/15 | €300,464 | €19,914 | -€280,550 | -93.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €295,464 | €14,914 | -€280,550 | -95.0% |
| Distributable reserves | 133 | €295,464 | €14,914 | -€280,550 | -95.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €54,215 | €20,590 | -€33,625 | -62.0% |
| Amounts payable within one year | 42/48 | €54,051 | €18,956 | -€35,095 | -64.9% |
| Trade debts | 44 | €216 | €775 | +€559 | +259% |
| Suppliers | 440/4 | €216 | €775 | +€559 | +259% |
| Taxes, remuneration and social security | 45 | €50,065 | €1,025 | -€49,039 | -98.0% |
| Taxes | 450/3 | €50,065 | €1,025 | -€49,039 | -98.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,770 | €17,156 | +€13,386 | +355% |
| Accrued charges and deferred income | 492/3 | €164 | €1,634 | +€1,470 | +894% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,378 | €9,378 | = | 0.0% |
| Other operating charges | 640/8 | €909 | €855 | -€54 | -5.9% |
| Non-recurring operating charges | 66A | €1,248 | €0 | -€1,248 | -100% |
| Gross operating margin | 9900 | €210,675 | €2,932 | -€207,744 | -98.6% |
| Operating profit (loss) | 9901 | €199,140 | -€7,302 | -€206,442 | |
| Financial income | 75/76B | €1,411 | €3,008 | +€1,597 | +113% |
| Recurring financial income | 75 | €1,411 | €3,008 | +€1,597 | +113% |
| Financial charges | 65/66B | €414 | €464 | +€50 | +12.1% |
| Recurring financial charges | 65 | €414 | €464 | +€50 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €200,138 | -€4,757 | -€204,895 | |
| Income taxes | 67/77 | €48,025 | €793 | -€47,232 | -98.3% |
| Profit (loss) for the period | 9904 | €152,113 | -€5,550 | -€157,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €152,113 | -€5,550 | -€157,663 |
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 28 October 2026 via checked.be.