De Duin: 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.
De Duin
Largest movements
- Cash -€91,443
down €91,443 (-42.1%), from €217,403 to €125,959
mainly Contributions, distributions and other (-€117,592) and Investment in fixed assets (net) (-€63,729)
- Tangible fixed assets +€57,848
up €57,848 (+363.0%), from €15,936 to €73,784
of which Land and buildings: +€56,529
- Current investments +€18,000
up €18,000 (+23.5%), from €76,500 to €94,500
- Trade debts -€32,967
down €32,967 (-99.3%), from €33,212 to €245
- Other debts +€9,637
up €9,637 (+8.7%), from €110,278 to €119,915
- Tax, wage and social debts +€6,449
up €6,449 (+68.1%), from €9,471 to €15,920
- Gross operating margin +€22,439
up €22,439 (+16.8%), from €133,461 to €155,900
- Taxes +€8,882
up €8,882 (+30.6%), from €29,049 to €37,932
- Financial income +€4,716
up €4,716 (+312.2%), from €1,510 to €6,226
- Depreciation +€4,492
up €4,492 (+323.5%), from €1,389 to €5,881
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 | €387,848 | €370,966 | -€16,881 | -4.4% |
| Fixed assets | 21/28 | €15,936 | €73,784 | +€57,848 | +363.0% |
| Tangible fixed assets | 22/27 | €15,936 | €73,784 | +€57,848 | +363.0% |
| Land and buildings | 22 | €3,960 | €60,488 | +€56,529 | +1427.6% |
| Plant, machinery and equipment | 23 | - | €2,646 | +€2,646 | |
| Furniture and vehicles | 24 | €11,976 | €10,650 | -€1,326 | -11.1% |
| Current assets | 29/58 | €371,912 | €297,182 | -€74,729 | -20.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,009 | €26,723 | -€286 | -1.1% |
| Trade receivables | 40 | €22,688 | €22,688 | = | 0.0% |
| Other amounts receivable | 41 | €4,322 | €4,036 | -€286 | -6.6% |
| Current investments | 50/53 | €76,500 | €94,500 | +€18,000 | +23.5% |
| Cash at bank and in hand | 54/58 | €217,403 | €125,959 | -€91,443 | -42.1% |
| Deferred charges and accrued income | 490/1 | €1,000 | - | -€1,000 | |
| Total equity and liabilities | 10/49 | €387,848 | €370,966 | -€16,881 | -4.4% |
| Equity | 10/15 | €234,886 | €234,886 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €232,886 | €232,886 | = | 0.0% |
| Distributable reserves | 133 | €232,886 | €232,886 | = | 0.0% |
| Amounts payable | 17/49 | €152,961 | €136,080 | -€16,881 | -11.0% |
| Amounts payable within one year | 42/48 | €152,961 | €136,080 | -€16,881 | -11.0% |
| Trade debts | 44 | €33,212 | €245 | -€32,967 | -99.3% |
| Suppliers | 440/4 | €33,212 | €245 | -€32,967 | -99.3% |
| Taxes, remuneration and social security | 45 | €9,471 | €15,920 | +€6,449 | +68.1% |
| Taxes | 450/3 | €9,471 | €15,920 | +€6,449 | +68.1% |
| Other amounts payable | 47/48 | €110,278 | €119,915 | +€9,637 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,389 | €5,881 | +€4,492 | +323.5% |
| Other operating charges | 640/8 | €772 | €625 | -€147 | -19.1% |
| Gross operating margin | 9900 | €133,461 | €155,900 | +€22,439 | +16.8% |
| Operating profit (loss) | 9901 | €131,301 | €149,395 | +€18,094 | +13.8% |
| Financial income | 75/76B | €1,510 | €6,226 | +€4,716 | +312.2% |
| Recurring financial income | 75 | €1,510 | €6,226 | +€4,716 | +312.2% |
| Financial charges | 65/66B | €437 | €98 | -€339 | -77.6% |
| Recurring financial charges | 65 | €437 | €98 | -€339 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | €132,375 | €155,524 | +€23,149 | +17.5% |
| Income taxes | 67/77 | €29,049 | €37,932 | +€8,882 | +30.6% |
| Profit (loss) for the period | 9904 | €103,325 | €117,592 | +€14,267 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €103,325 | €117,592 | +€14,267 | +13.8% |
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 10 October 2026 via checked.be.