DOUIN +: 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.
What changed
DOUIN +
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€603,596
2024 · €248,673+€354,923
Equity
€1.6m
2024 · €1.1m+€503,596
Cash
€720,534
2024 · €438,750+€281,784
Balance sheet total
€3.8m
2024 · €3.3m+€466,161
Largest movements
Assets
- Cash +€281,784
up €281,784 (+64.2%), from €438,750 to €720,534
mainly Net result for the year (+€603,596) and Trade debts (+€265,952)
- Receivables within one year +€182,216
up €182,216 (+8.9%), from €2.0m to €2.2m
of which Trade receivables: +€224,080
- Deferred charges and accrued income -€60,526
down €60,526 (-92.9%), from €65,126 to €4,600
Equity and liabilities
- Profit (loss) carried forward +€603,596
up €603,596 (+85.5%), from €705,776 to €1.3m
- Trade debts +€265,952
up €265,952 (+29.8%), from €891,947 to €1.2m
- Short-term financial debts -€250,000
no longer reported in 2025 (was €250,000)
- Other debts -€150,025
down €150,025 (-60.9%), from €246,206 to €96,181
- Reserves -€100,000
down €100,000 (-73.9%), from €135,396 to €35,396
of which Non-distributable reserves: -€100,000
Income statement
- Purchases and services -€382,775
down €382,775 (-9.5%), from €4.0m to €3.6m
- Gross operating margin +€315,303
up €315,303 (+9.5%), from €3.3m to €3.6m
- Taxes +€110,369
up €110,369 (+116.6%), from €94,622 to €204,991
- Staff costs -€102,740
down €102,740 (-3.7%), from €2.7m to €2.6m
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.
Result 2024
€248,673
Gross operating margin
+€315,303
Staff costs
+€102,740
Depreciation
+€134
Write-downs
+€13,731
Provisions
-€4,441
Other operating charges
+€3,577
Other operating items
+€23,401
Financial income
+€2,866
Financial charges
+€7,981
Taxes
-€110,369
Result 2025
€603,596
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.
From operations
+€780,691
Investment
-€206,733
Financing
-€292,174
Cash 2024
€438,750
From operations (derived)
+€780,691
Net result for the year
+€603,596
Depreciation
+€151,263
Stocks and contracts
-€7,217
Receivables within one year
-€182,216
Deferred charges and accrued income
+€60,526
Provisions
-€521
Trade debts
+€265,952
Tax, wage and social debts
+€68,174
Other debts
-€150,025
Accrued charges and deferred income
-€28,841
Investment (derived)
-€206,733
Investment in fixed assets (net)
-€206,733
Financing
-€292,174
Debts after one year
+€43,244
Current portion of long-term debt
+€14,582
Short-term financial debts
-€250,000
Contributions, distributions and other
-€100,000
Cash 2025
€720,534
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,303,312 | €3,769,473 | +€466,161 | +14.1% |
| Fixed assets | 21/28 | €575,397 | €630,867 | +€55,470 | +9.6% |
| Tangible fixed assets | 22/27 | €468,375 | €503,046 | +€34,671 | +7.4% |
| Land and buildings | 22 | €114,010 | €107,819 | -€6,191 | -5.4% |
| Plant, machinery and equipment | 23 | €67,423 | €62,135 | -€5,288 | -7.8% |
| Furniture and vehicles | 24 | €115,405 | €69,756 | -€45,649 | -39.6% |
| Leasing and similar rights | 25 | €171,537 | €263,336 | +€91,799 | +53.5% |
| Financial fixed assets | 28 | €107,022 | €127,821 | +€20,799 | +19.4% |
| Current assets | 29/58 | €2,727,915 | €3,138,606 | +€410,691 | +15.1% |
| Stocks and contracts in progress | 3 | €186,234 | €193,451 | +€7,217 | +3.9% |
| Stocks | 30/36 | €186,234 | €193,451 | +€7,217 | +3.9% |
| Amounts receivable within one year | 40/41 | €2,037,805 | €2,220,021 | +€182,216 | +8.9% |
| Trade receivables | 40 | €1,915,748 | €2,139,828 | +€224,080 | +11.7% |
| Other amounts receivable | 41 | €122,057 | €80,193 | -€41,864 | -34.3% |
| Cash at bank and in hand | 54/58 | €438,750 | €720,534 | +€281,784 | +64.2% |
| Deferred charges and accrued income | 490/1 | €65,126 | €4,600 | -€60,526 | -92.9% |
| Total equity and liabilities | 10/49 | €3,303,312 | €3,769,473 | +€466,161 | +14.1% |
| Equity | 10/15 | €1,091,172 | €1,594,768 | +€503,596 | +46.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €135,396 | €35,396 | -€100,000 | -73.9% |
| Non-distributable reserves | 130/1 | €125,000 | €25,000 | -€100,000 | -80.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Other | 1319 | €100,000 | - | -€100,000 | |
| Tax-exempt reserves | 132 | €10,396 | €10,396 | = | 0.0% |
| Profit (loss) carried forward | 14 | €705,776 | €1,309,372 | +€603,596 | +85.5% |
| Provisions and deferred taxes | 16 | €142,461 | €141,940 | -€521 | -0.4% |
| Provisions for liabilities and charges | 160/5 | €142,461 | €141,940 | -€521 | -0.4% |
| Other liabilities and charges | 164/5 | €142,461 | €141,940 | -€521 | -0.4% |
| Amounts payable | 17/49 | €2,069,679 | €2,032,765 | -€36,914 | -1.8% |
| Amounts payable after more than one year | 17 | €131,593 | €174,837 | +€43,244 | +32.9% |
| Financial debts | 170/4 | €131,593 | €174,837 | +€43,244 | +32.9% |
| Amounts payable within one year | 42/48 | €1,860,126 | €1,808,809 | -€51,317 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €90,610 | €105,192 | +€14,582 | +16.1% |
| Financial debts | 43 | €250,000 | - | -€250,000 | |
| Credit institutions | 430/8 | €250,000 | - | -€250,000 | |
| Trade debts | 44 | €891,947 | €1,157,899 | +€265,952 | +29.8% |
| Suppliers | 440/4 | €891,947 | €1,157,899 | +€265,952 | +29.8% |
| Taxes, remuneration and social security | 45 | €381,363 | €449,537 | +€68,174 | +17.9% |
| Taxes | 450/3 | €130,594 | €169,602 | +€39,008 | +29.9% |
| Remuneration and social security | 454/9 | €250,769 | €279,935 | +€29,166 | +11.6% |
| Other amounts payable | 47/48 | €246,206 | €96,181 | -€150,025 | -60.9% |
| Accrued charges and deferred income | 492/3 | €77,960 | €49,119 | -€28,841 | -37.0% |
| Turnover | 70 | €7,335,957 | €7,276,203 | -€59,754 | -0.8% |
| Non-recurring operating income | 76A | €12,006 | €4,288 | -€7,718 | -64.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,018,298 | €3,635,523 | -€382,775 | -9.5% |
| Remuneration, social security and pensions | 62 | €2,744,200 | €2,641,460 | -€102,740 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,397 | €151,263 | -€134 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,731 | - | -€13,731 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,962 | -€521 | +€4,441 | +89.5% |
| Other operating charges | 640/8 | €25,059 | €21,482 | -€3,577 | -14.3% |
| Non-recurring operating charges | 66A | €25,932 | €2,531 | -€23,401 | -90.2% |
| Gross operating margin | 9900 | €3,329,665 | €3,644,968 | +€315,303 | +9.5% |
| Operating profit (loss) | 9901 | €374,308 | €828,753 | +€454,445 | +121.4% |
| Financial income | 75/76B | €535 | €3,401 | +€2,866 | +535.7% |
| Recurring financial income | 75 | €535 | €3,401 | +€2,866 | +535.7% |
| Financial charges | 65/66B | €31,548 | €23,567 | -€7,981 | -25.3% |
| Recurring financial charges | 65 | €31,548 | €23,567 | -€7,981 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €343,295 | €808,587 | +€465,292 | +135.5% |
| Income taxes | 67/77 | €94,622 | €204,991 | +€110,369 | +116.6% |
| Profit (loss) for the period | 9904 | €248,673 | €603,596 | +€354,923 | +142.7% |
| Profit (loss) for the period to be appropriated | 9905 | €248,673 | €603,596 | +€354,923 | +142.7% |
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 3 October 2026 via checked.be.