DR DUBART: 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.
DR DUBART
Largest movements
- Cash +€109,333
up €109,333 (+154%), from €70,820 to €180,153
mainly Net result for the year (+€132,823) and Tax, wage and social debts (+€2,371)
- Receivables within one year +€20,427
up €20,427 (+53.2%), from €38,395 to €58,822
of which Other amounts receivable: +€17,374
- Reserves +€131,990
up €131,990 (+137%), from €96,000 to €227,990
- Other debts -€4,447
down €4,447 (-84.2%), from €5,280 to €833
- Gross operating margin +€49,023
up €49,023 (+34.0%), from €144,084 to €193,107
- Taxes +€16,884
up €16,884 (+41.7%), from €40,488 to €57,371
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 | €111,981 | €240,600 | +€128,619 | +115% |
| Fixed assets | 21/28 | €2,766 | €1,624 | -€1,142 | -41.3% |
| Intangible fixed assets | 21 | €132 | €0 | -€132 | -100% |
| Tangible fixed assets | 22/27 | €2,634 | €1,624 | -€1,009 | -38.3% |
| Furniture and vehicles | 24 | €2,634 | €1,624 | -€1,009 | -38.3% |
| Current assets | 29/58 | €109,215 | €238,975 | +€129,761 | +119% |
| Amounts receivable within one year | 40/41 | €38,395 | €58,822 | +€20,427 | +53.2% |
| Trade receivables | 40 | €38,395 | €41,448 | +€3,053 | +8.0% |
| Other amounts receivable | 41 | - | €17,374 | +€17,374 | |
| Cash at bank and in hand | 54/58 | €70,820 | €180,153 | +€109,333 | +154% |
| Total equity and liabilities | 10/49 | €111,981 | €240,600 | +€128,619 | +115% |
| Equity | 10/15 | €98,949 | €230,938 | +€131,990 | +133% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €96,000 | €227,990 | +€131,990 | +137% |
| Distributable reserves | 133 | €96,000 | €227,990 | +€131,990 | +137% |
| Profit (loss) carried forward | 14 | €949 | €949 | = | 0.0% |
| Amounts payable | 17/49 | €13,032 | €9,661 | -€3,371 | -25.9% |
| Amounts payable within one year | 42/48 | €13,032 | €9,661 | -€3,371 | -25.9% |
| Trade debts | 44 | €1,815 | €519 | -€1,296 | -71.4% |
| Suppliers | 440/4 | €1,815 | €519 | -€1,296 | -71.4% |
| Taxes, remuneration and social security | 45 | €5,938 | €8,309 | +€2,371 | +39.9% |
| Taxes | 450/3 | €4,738 | €7,109 | +€2,371 | +50.1% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €5,280 | €833 | -€4,447 | -84.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,299 | €1,142 | -€1,157 | -50.3% |
| Other operating charges | 640/8 | €1,902 | €295 | -€1,607 | -84.5% |
| Gross operating margin | 9900 | €144,084 | €193,107 | +€49,023 | +34.0% |
| Operating profit (loss) | 9901 | €139,883 | €191,670 | +€51,787 | +37.0% |
| Financial income | 75/76B | - | €484 | +€484 | |
| Recurring financial income | 75 | - | €484 | +€484 | |
| Financial charges | 65/66B | €1,588 | €1,960 | +€372 | +23.4% |
| Recurring financial charges | 65 | €1,588 | €1,960 | +€372 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €138,295 | €190,194 | +€51,899 | +37.5% |
| Income taxes | 67/77 | €40,488 | €57,371 | +€16,884 | +41.7% |
| Profit (loss) for the period | 9904 | €97,808 | €132,823 | +€35,015 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €97,808 | €132,823 | +€35,015 | +35.8% |
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 21 October 2026 via checked.be.