DOUZE MAI: 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.
DOUZE MAI
Largest movements
- Current investments +€32,844
up €32,844 (+652%), from €5,040 to €37,884
- Receivables within one year +€20,959
up €20,959 (+41.6%), from €50,431 to €71,390
of which Other amounts receivable: +€12,918
- Reserves +€28,000
up €28,000 (+31.8%), from €88,039 to €116,039
of which Distributable reserves: +€28,000
- Tax, wage and social debts +€12,332
up €12,332 (+40.3%), from €30,564 to €42,896
- Trade debts +€5,889
up €5,889 (+128%), from €4,590 to €10,479
- Other debts +€3,000
new in 2025: €3,000
- Gross operating margin -€6,858
down €6,858 (-13.5%), from €50,880 to €44,022
- Taxes -€2,388
down €2,388 (-12.8%), from €18,660 to €16,272
- Financial income +€2,112
up €2,112 (+44.3%), from €4,765 to €6,877
- Financial charges -€517
down €517 (-77.7%), from €665 to €148
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 | €189,780 | €241,400 | +€51,621 | +27.2% |
| Fixed assets | 21/28 | €1,937 | €1,117 | -€820 | -42.3% |
| Tangible fixed assets | 22/27 | €1,917 | €1,097 | -€820 | -42.8% |
| Furniture and vehicles | 24 | €1,917 | €1,097 | -€820 | -42.8% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €187,843 | €240,283 | +€52,440 | +27.9% |
| Amounts receivable after more than one year | 29 | €129,300 | €129,300 | = | 0.0% |
| Other amounts receivable | 291 | €129,300 | €129,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,431 | €71,390 | +€20,959 | +41.6% |
| Trade receivables | 40 | €17,187 | €25,229 | +€8,042 | +46.8% |
| Other amounts receivable | 41 | €33,244 | €46,161 | +€12,918 | +38.9% |
| Current investments | 50/53 | €5,040 | €37,884 | +€32,844 | +652% |
| Cash at bank and in hand | 54/58 | €2,968 | €1,708 | -€1,260 | -42.5% |
| Deferred charges and accrued income | 490/1 | €103 | - | -€103 | |
| Total equity and liabilities | 10/49 | €189,780 | €241,400 | +€51,621 | +27.2% |
| Equity | 10/15 | €154,626 | €184,590 | +€29,965 | +19.4% |
| Contributions | 10/11 | €10,500 | €10,500 | = | 0.0% |
| Reserves | 13 | €88,039 | €116,039 | +€28,000 | +31.8% |
| Non-distributable reserves | 130/1 | €39 | €39 | = | 0.0% |
| Reserves not available under the articles | 1311 | €39 | €39 | = | 0.0% |
| Distributable reserves | 133 | €88,000 | €116,000 | +€28,000 | +31.8% |
| Profit (loss) carried forward | 14 | €56,087 | €58,052 | +€1,965 | +3.5% |
| Amounts payable | 17/49 | €35,154 | €56,810 | +€21,656 | +61.6% |
| Amounts payable within one year | 42/48 | €35,154 | €56,810 | +€21,656 | +61.6% |
| Financial debts | 43 | - | €435 | +€435 | |
| Credit institutions | 430/8 | - | €435 | +€435 | |
| Trade debts | 44 | €4,590 | €10,479 | +€5,889 | +128% |
| Suppliers | 440/4 | €4,590 | €10,479 | +€5,889 | +128% |
| Taxes, remuneration and social security | 45 | €30,564 | €42,896 | +€12,332 | +40.3% |
| Taxes | 450/3 | €30,564 | €42,896 | +€12,332 | +40.3% |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €673 | €820 | +€147 | +21.8% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Non-recurring operating charges | 66A | €207 | - | -€207 | |
| Gross operating margin | 9900 | €50,880 | €44,022 | -€6,858 | -13.5% |
| Operating profit (loss) | 9901 | €49,328 | €42,507 | -€6,821 | -13.8% |
| Financial income | 75/76B | €4,765 | €6,877 | +€2,112 | +44.3% |
| Recurring financial income | 75 | €4,765 | €6,877 | +€2,112 | +44.3% |
| Financial charges | 65/66B | €665 | €148 | -€517 | -77.7% |
| Recurring financial charges | 65 | €665 | €148 | -€517 | -77.7% |
| Profit (loss) for the period before taxes | 9903 | €53,428 | €49,236 | -€4,192 | -7.8% |
| Income taxes | 67/77 | €18,660 | €16,272 | -€2,388 | -12.8% |
| Profit (loss) for the period | 9904 | €34,768 | €32,965 | -€1,804 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,768 | €32,965 | -€1,804 | -5.2% |
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 25 October 2026 via checked.be.