DUALTAX: 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.
DUALTAX
Largest movements
- Tangible fixed assets -€9,355
down €9,355 (-24.5%), from €38,109 to €28,754
- Receivables within one year +€6,273
up €6,273 (+71.5%), from €8,778 to €15,051
of which Trade receivables: +€3,875
- Cash -€1,367
down €1,367 (-8.9%), from €15,423 to €14,056
mainly Debts after one year (-€6,940) and Receivables within one year (-€6,273)
- Stocks and contracts +€966
up €966 (+26.3%), from €3,673 to €4,639
- Debts after one year -€6,940
down €6,940 (-30.2%), from €22,993 to €16,053
- Tax, wage and social debts +€6,398
up €6,398 (+206%), from €3,113 to €9,511
of which Remuneration and social security: +€6,098
- Profit (loss) carried forward -€3,104
down €3,104 (-47.7%), from €6,512 to €3,408
- Gross operating margin -€2,603
down €2,603 (-25.0%), from €10,424 to €7,821
- Depreciation +€1,314
up €1,314 (+16.3%), from €8,040 to €9,354
- Taxes -€437
no longer reported in 2025 (was €437)
- Financial charges -€182
down €182 (-12.7%), from €1,435 to €1,253
- Financial income -€117
down €117 (-17.3%), from €678 to €561
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 | €65,983 | €62,501 | -€3,482 | -5.3% |
| Fixed assets | 21/28 | €38,109 | €28,754 | -€9,355 | -24.5% |
| Tangible fixed assets | 22/27 | €38,109 | €28,754 | -€9,355 | -24.5% |
| Furniture and vehicles | 24 | €38,109 | €28,754 | -€9,355 | -24.5% |
| Current assets | 29/58 | €27,874 | €33,747 | +€5,873 | +21.1% |
| Stocks and contracts in progress | 3 | €3,673 | €4,639 | +€966 | +26.3% |
| Stocks | 30/36 | €3,673 | €4,639 | +€966 | +26.3% |
| Amounts receivable within one year | 40/41 | €8,778 | €15,051 | +€6,273 | +71.5% |
| Trade receivables | 40 | €659 | €4,534 | +€3,875 | +588% |
| Other amounts receivable | 41 | €8,119 | €10,517 | +€2,398 | +29.5% |
| Cash at bank and in hand | 54/58 | €15,423 | €14,056 | -€1,367 | -8.9% |
| Deferred charges and accrued income | 490/1 | - | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €65,983 | €62,501 | -€3,482 | -5.3% |
| Equity | 10/15 | €30,870 | €27,766 | -€3,104 | -10.1% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €9,158 | €9,158 | = | 0.0% |
| Distributable reserves | 133 | €9,158 | €9,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,512 | €3,408 | -€3,104 | -47.7% |
| Amounts payable | 17/49 | €35,113 | €34,735 | -€378 | -1.1% |
| Amounts payable after more than one year | 17 | €22,993 | €16,053 | -€6,940 | -30.2% |
| Financial debts | 170/4 | €22,993 | €16,053 | -€6,940 | -30.2% |
| Amounts payable within one year | 42/48 | €12,120 | €18,682 | +€6,562 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €6,661 | €6,941 | +€280 | +4.2% |
| Trade debts | 44 | €2,346 | €2,230 | -€116 | -4.9% |
| Suppliers | 440/4 | €2,346 | €2,230 | -€116 | -4.9% |
| Taxes, remuneration and social security | 45 | €3,113 | €9,511 | +€6,398 | +206% |
| Taxes | 450/3 | €600 | €900 | +€300 | +50.0% |
| Remuneration and social security | 454/9 | €2,513 | €8,611 | +€6,098 | +243% |
| Non-recurring operating income | 76A | €6,284 | - | -€6,284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,040 | €9,354 | +€1,314 | +16.3% |
| Other operating charges | 640/8 | €991 | €879 | -€112 | -11.3% |
| Gross operating margin | 9900 | €10,424 | €7,821 | -€2,603 | -25.0% |
| Operating profit (loss) | 9901 | €1,393 | -€2,412 | -€3,805 | |
| Financial income | 75/76B | €678 | €561 | -€117 | -17.3% |
| Recurring financial income | 75 | €678 | €561 | -€117 | -17.3% |
| Financial charges | 65/66B | €1,435 | €1,253 | -€182 | -12.7% |
| Recurring financial charges | 65 | €1,435 | €1,253 | -€182 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €636 | -€3,104 | -€3,740 | |
| Income taxes | 67/77 | €437 | - | -€437 | |
| Profit (loss) for the period | 9904 | €199 | -€3,104 | -€3,303 | |
| Profit (loss) for the period to be appropriated | 9905 | €199 | -€3,104 | -€3,303 |
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 15 October 2026 via checked.be.