DAVID DURIAU: 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.
DAVID DURIAU
Largest movements
- Receivables within one year -€6,941
down €6,941 (-14.7%), from €47,264 to €40,324
of which Other amounts receivable: -€6,941
- Tangible fixed assets -€4,439
down €4,439 (-70.5%), from €6,296 to €1,857
of which Furniture and vehicles: -€4,145
- Cash +€4,304
up €4,304 (+25.9%), from €16,632 to €20,936
mainly Net result for the year (+€30,958) and Receivables within one year (+€6,941)
- Profit (loss) carried forward -€4,336
down €4,336 (-18.5%), from €23,416 to €19,080
- Tax, wage and social debts +€2,642
up €2,642 (+13.6%), from €19,469 to €22,111
- Trade debts -€2,231
down €2,231 (-70.0%), from €3,185 to €954
- Current portion of long-term debt -€1,749
down €1,749 (-58.6%), from €2,986 to €1,237
- Debts after one year -€1,237
no longer reported in 2025 (was €1,237)
- Depreciation -€12,464
down €12,464 (-96.3%), from €12,937 to €474
- Gross operating margin +€8,413
up €8,413 (+21.5%), from €39,044 to €47,457
- Taxes +€4,632
up €4,632 (+63.0%), from €7,357 to €11,989
- Other operating charges +€2,938
up €2,938 (+487.9%), from €602 to €3,540
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 | €70,753 | €63,842 | -€6,912 | -9.8% |
| Fixed assets | 21/28 | €6,326 | €1,857 | -€4,469 | -70.7% |
| Intangible fixed assets | 21 | €30 | - | -€30 | |
| Tangible fixed assets | 22/27 | €6,296 | €1,857 | -€4,439 | -70.5% |
| Plant, machinery and equipment | 23 | €1,637 | €1,342 | -€295 | -18.0% |
| Furniture and vehicles | 24 | €4,659 | €514 | -€4,145 | -89.0% |
| Current assets | 29/58 | €64,427 | €61,985 | -€2,442 | -3.8% |
| Amounts receivable within one year | 40/41 | €47,264 | €40,324 | -€6,941 | -14.7% |
| Trade receivables | 40 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 41 | €44,264 | €37,324 | -€6,941 | -15.7% |
| Cash at bank and in hand | 54/58 | €16,632 | €20,936 | +€4,304 | +25.9% |
| Deferred charges and accrued income | 490/1 | €531 | €725 | +€194 | +36.6% |
| Total equity and liabilities | 10/49 | €70,753 | €63,842 | -€6,912 | -9.8% |
| Equity | 10/15 | €43,876 | €39,540 | -€4,336 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €23,416 | €19,080 | -€4,336 | -18.5% |
| Amounts payable | 17/49 | €26,877 | €24,302 | -€2,575 | -9.6% |
| Amounts payable after more than one year | 17 | €1,237 | - | -€1,237 | |
| Financial debts | 170/4 | €1,237 | - | -€1,237 | |
| Amounts payable within one year | 42/48 | €25,640 | €24,302 | -€1,338 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €2,986 | €1,237 | -€1,749 | -58.6% |
| Trade debts | 44 | €3,185 | €954 | -€2,231 | -70.0% |
| Suppliers | 440/4 | €3,185 | €954 | -€2,231 | -70.0% |
| Taxes, remuneration and social security | 45 | €19,469 | €22,111 | +€2,642 | +13.6% |
| Taxes | 450/3 | €19,469 | €22,111 | +€2,642 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,937 | €474 | -€12,464 | -96.3% |
| Other operating charges | 640/8 | €602 | €3,540 | +€2,938 | +487.9% |
| Gross operating margin | 9900 | €39,044 | €47,457 | +€8,413 | +21.5% |
| Operating profit (loss) | 9901 | €25,505 | €43,443 | +€17,938 | +70.3% |
| Financial charges | 65/66B | €575 | €496 | -€79 | -13.7% |
| Recurring financial charges | 65 | €575 | €496 | -€79 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €24,930 | €42,947 | +€18,017 | +72.3% |
| Income taxes | 67/77 | €7,357 | €11,989 | +€4,632 | +63.0% |
| Profit (loss) for the period | 9904 | €17,573 | €30,958 | +€13,385 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,573 | €30,958 | +€13,385 | +76.2% |
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.