DUAL IMMO: 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.
DUAL IMMO
Largest movements
- Cash -€23,575
down €23,575 (-58.5%), from €40,303 to €16,728
mainly Net result for the year (-€17,679) and Investment in fixed assets (net) (-€9,238)
- Reserves -€17,679
down €17,679 (-27.8%), from €63,578 to €45,899
- Debts after one year -€4,606
down €4,606 (-5.6%), from €81,763 to €77,156
- Gross operating margin -€149,646
down €149,646, from €142,341 to -€7,305
- Financial charges -€7,546
down €7,546 (-80.5%), from €9,374 to €1,828
- Taxes -€6,802
down €6,802 (-100.0%), from €6,802 to €0
- Other operating charges -€3,398
down €3,398 (-72.5%), from €4,685 to €1,288
- Depreciation +€2,394
up €2,394 (+45.5%), from €5,257 to €7,651
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 | €166,459 | €143,646 | -€22,812 | -13.7% |
| Fixed assets | 21/28 | €118,211 | €119,798 | +€1,587 | +1.3% |
| Tangible fixed assets | 22/27 | €118,211 | €119,798 | +€1,587 | +1.3% |
| Land and buildings | 22 | €118,211 | €119,798 | +€1,587 | +1.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €48,247 | €23,848 | -€24,399 | -50.6% |
| Amounts receivable within one year | 40/41 | €7,553 | €7,120 | -€433 | -5.7% |
| Other amounts receivable | 41 | €7,553 | €7,120 | -€433 | -5.7% |
| Cash at bank and in hand | 54/58 | €40,303 | €16,728 | -€23,575 | -58.5% |
| Deferred charges and accrued income | 490/1 | €391 | €0 | -€391 | -100.0% |
| Total equity and liabilities | 10/49 | €166,459 | €143,646 | -€22,812 | -13.7% |
| Equity | 10/15 | €68,578 | €50,899 | -€17,679 | -25.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,578 | €45,899 | -€17,679 | -27.8% |
| Distributable reserves | 133 | €63,578 | €45,899 | -€17,679 | -27.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €97,880 | €92,748 | -€5,133 | -5.2% |
| Amounts payable after more than one year | 17 | €81,763 | €77,156 | -€4,606 | -5.6% |
| Financial debts | 170/4 | €81,763 | €77,156 | -€4,606 | -5.6% |
| Amounts payable within one year | 42/48 | €15,974 | €15,455 | -€519 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €4,888 | €4,986 | +€98 | +2.0% |
| Trade debts | 44 | €4,285 | €3,668 | -€617 | -14.4% |
| Suppliers | 440/4 | €4,285 | €3,668 | -€617 | -14.4% |
| Taxes, remuneration and social security | 45 | €6,801 | €6,801 | = | 0.0% |
| Taxes | 450/3 | €6,801 | €6,801 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €144 | €136 | -€7 | -5.2% |
| Non-recurring operating income | 76A | €511 | €0 | -€511 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,257 | €7,651 | +€2,394 | +45.5% |
| Other operating charges | 640/8 | €4,685 | €1,288 | -€3,398 | -72.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €142,341 | -€7,305 | -€149,646 | |
| Operating profit (loss) | 9901 | €132,398 | -€16,244 | -€148,642 | |
| Financial income | 75/76B | €30 | €393 | +€363 | +1200.1% |
| Recurring financial income | 75 | €30 | €393 | +€363 | +1200.1% |
| Financial charges | 65/66B | €9,374 | €1,828 | -€7,546 | -80.5% |
| Recurring financial charges | 65 | €9,374 | €1,828 | -€7,546 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €123,054 | -€17,679 | -€140,733 | |
| Income taxes | 67/77 | €6,802 | €0 | -€6,802 | -100.0% |
| Profit (loss) for the period | 9904 | €116,253 | -€17,679 | -€133,932 | |
| Profit (loss) for the period to be appropriated | 9905 | €116,253 | -€17,679 | -€133,932 |
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.