DUAL: 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.
DUAL
Largest movements
- Receivables within one year -€128,824
down €128,824 (-53.7%), from €240,013 to €111,189
of which Trade receivables: -€128,824
- Deferred charges and accrued income +€3,760
up €3,760 (+314.9%), from €1,194 to €4,954
- Cash +€3,728
new in 2025: €3,728
mainly Receivables within one year (+€128,824) and Tax, wage and social debts (+€10,200)
- Other debts -€131,954
down €131,954 (-84.1%), from €156,965 to €25,011
- Reserves +€34,325
up €34,325 (+1490.3%), from €2,303 to €36,628
of which Distributable reserves: +€34,325
- Profit (loss) carried forward -€28,741
down €28,741 (-100.0%), from €28,741 to €0
- Tax, wage and social debts +€10,200
up €10,200 (+64.8%), from €15,744 to €25,944
- Gross operating margin -€18,210
down €18,210 (-52.3%), from €34,833 to €16,623
- Taxes +€2,769
up €2,769 (+419.8%), from €660 to €3,429
- Financial charges -€827
down €827 (-15.2%), from €5,444 to €4,618
- Financial income +€401
up €401 (+4014300.0%), from €0 to €401
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 | €292,994 | €173,133 | -€119,862 | -40.9% |
| Fixed assets | 21/28 | €51,787 | €53,261 | +€1,475 | +2.8% |
| Tangible fixed assets | 22/27 | - | €1,475 | +€1,475 | |
| Furniture and vehicles | 24 | - | €1,475 | +€1,475 | |
| Financial fixed assets | 28 | €51,787 | €51,787 | = | 0.0% |
| Current assets | 29/58 | €241,207 | €119,871 | -€121,336 | -50.3% |
| Amounts receivable within one year | 40/41 | €240,013 | €111,189 | -€128,824 | -53.7% |
| Trade receivables | 40 | €190,013 | €61,189 | -€128,824 | -67.8% |
| Other amounts receivable | 41 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €3,728 | +€3,728 | |
| Deferred charges and accrued income | 490/1 | €1,194 | €4,954 | +€3,760 | +314.9% |
| Total equity and liabilities | 10/49 | €292,994 | €173,133 | -€119,862 | -40.9% |
| Equity | 10/15 | €91,044 | €96,628 | +€5,584 | +6.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €2,303 | €36,628 | +€34,325 | +1490.3% |
| Non-distributable reserves | 130/1 | €2,303 | €2,303 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,303 | €2,303 | = | 0.0% |
| Distributable reserves | 133 | - | €34,325 | +€34,325 | |
| Profit (loss) carried forward | 14 | €28,741 | €0 | -€28,741 | -100.0% |
| Amounts payable | 17/49 | €201,950 | €76,505 | -€125,446 | -62.1% |
| Amounts payable within one year | 42/48 | €201,563 | €76,505 | -€125,058 | -62.0% |
| Financial debts | 43 | €1,486 | €0 | -€1,486 | -100.0% |
| Credit institutions | 430/8 | €1,486 | €0 | -€1,486 | -100.0% |
| Trade debts | 44 | €27,368 | €25,549 | -€1,818 | -6.6% |
| Suppliers | 440/4 | €27,368 | €25,549 | -€1,818 | -6.6% |
| Taxes, remuneration and social security | 45 | €15,744 | €25,944 | +€10,200 | +64.8% |
| Taxes | 450/3 | €15,744 | €25,944 | +€10,200 | +64.8% |
| Other amounts payable | 47/48 | €156,965 | €25,011 | -€131,954 | -84.1% |
| Accrued charges and deferred income | 492/3 | €388 | €0 | -€388 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €23 | +€23 | |
| Other operating charges | 640/8 | €3,462 | €3,371 | -€92 | -2.6% |
| Gross operating margin | 9900 | €34,833 | €16,623 | -€18,210 | -52.3% |
| Operating profit (loss) | 9901 | €31,370 | €13,229 | -€18,142 | -57.8% |
| Financial income | 75/76B | €0 | €401 | +€401 | +4014300.0% |
| Recurring financial income | 75 | €0 | €401 | +€401 | +4014300.0% |
| Financial charges | 65/66B | €5,444 | €4,618 | -€827 | -15.2% |
| Recurring financial charges | 65 | €5,444 | €4,618 | -€827 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €25,926 | €9,013 | -€16,913 | -65.2% |
| Income taxes | 67/77 | €660 | €3,429 | +€2,769 | +419.8% |
| Profit (loss) for the period | 9904 | €25,266 | €5,584 | -€19,682 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,266 | €5,584 | -€19,682 | -77.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.