DUANA: 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.
DUANA
Largest movements
- Current investments +€678,827
up €678,827 (+44.9%), from €1.5m to €2.2m
- Cash -€641,351
down €641,351 (-90.9%), from €705,376 to €64,025
mainly Current investments (-€678,827) and Trade debts (-€143,471)
- Tangible fixed assets -€210,456
down €210,456 (-6.9%), from €3.0m to €2.8m
of which Land and buildings: -€198,415
- Receivables within one year -€148,981
down €148,981 (-68.4%), from €217,831 to €68,850
of which Trade receivables: -€124,470
- Trade debts -€143,471
down €143,471 (-93.1%), from €154,162 to €10,691
- Other debts -€117,726
down €117,726 (-8.5%), from €1.4m to €1.3m
- Gross operating margin -€680,518
down €680,518 (-93.4%), from €728,258 to €47,740
- Financial charges -€306,301
down €306,301, from €225,806 to -€80,496
- Taxes -€115,763
down €115,763 (-99.6%), from €116,211 to €448
- Depreciation -€38,747
down €38,747 (-18.0%), from €214,970 to €176,224
- Financial income -€16,852
down €16,852 (-13.7%), from €122,733 to €105,882
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 | €5,479,816 | €5,154,051 | -€325,765 | -5.9% |
| Fixed assets | 21/28 | €3,037,667 | €2,827,212 | -€210,456 | -6.9% |
| Tangible fixed assets | 22/27 | €3,036,206 | €2,825,750 | -€210,456 | -6.9% |
| Land and buildings | 22 | €2,890,537 | €2,692,122 | -€198,415 | -6.9% |
| Furniture and vehicles | 24 | €145,670 | €133,629 | -€12,041 | -8.3% |
| Financial fixed assets | 28 | €1,461 | €1,461 | = | 0.0% |
| Current assets | 29/58 | €2,442,149 | €2,326,840 | -€115,309 | -4.7% |
| Amounts receivable within one year | 40/41 | €217,831 | €68,850 | -€148,981 | -68.4% |
| Trade receivables | 40 | €129,960 | €5,490 | -€124,470 | -95.8% |
| Other amounts receivable | 41 | €87,870 | €63,360 | -€24,510 | -27.9% |
| Current investments | 50/53 | €1,510,901 | €2,189,728 | +€678,827 | +44.9% |
| Cash at bank and in hand | 54/58 | €705,376 | €64,025 | -€641,351 | -90.9% |
| Deferred charges and accrued income | 490/1 | €8,041 | €4,236 | -€3,805 | -47.3% |
| Total equity and liabilities | 10/49 | €5,479,816 | €5,154,051 | -€325,765 | -5.9% |
| Equity | 10/15 | €3,164,432 | €3,141,877 | -€22,555 | -0.7% |
| Contributions | 10/11 | €765,421 | €765,421 | = | 0.0% |
| Capital | 10 | €765,421 | €765,421 | = | 0.0% |
| Issued capital | 100 | €770,448 | €770,448 | = | 0.0% |
| Uncalled capital | 101 | €5,027 | €5,027 | = | 0.0% |
| Revaluation surpluses | 12 | €641,199 | €641,199 | = | 0.0% |
| Reserves | 13 | €2,342,013 | €2,326,387 | -€15,627 | -0.7% |
| Non-distributable reserves | 130/1 | €77,045 | €77,045 | = | 0.0% |
| Legal reserve | 130 | €77,045 | €77,045 | = | 0.0% |
| Tax-exempt reserves | 132 | €897,688 | €882,062 | -€15,627 | -1.7% |
| Distributable reserves | 133 | €1,367,280 | €1,367,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€584,201 | -€591,129 | -€6,928 | -1.2% |
| Provisions and deferred taxes | 16 | €304,008 | €297,900 | -€6,108 | -2.0% |
| Deferred taxes | 168 | €304,008 | €297,900 | -€6,108 | -2.0% |
| Amounts payable | 17/49 | €2,011,376 | €1,714,274 | -€297,102 | -14.8% |
| Amounts payable after more than one year | 17 | €388,580 | €388,580 | = | 0.0% |
| Other amounts payable | 178/9 | €388,580 | €388,580 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,560,295 | €1,300,393 | -€259,902 | -16.7% |
| Financial debts | 43 | €1,320 | €0 | -€1,320 | -100.0% |
| Credit institutions | 430/8 | €1,320 | €0 | -€1,320 | -100.0% |
| Trade debts | 44 | €154,162 | €10,691 | -€143,471 | -93.1% |
| Suppliers | 440/4 | €154,162 | €10,691 | -€143,471 | -93.1% |
| Taxes, remuneration and social security | 45 | €14,262 | €16,877 | +€2,615 | +18.3% |
| Taxes | 450/3 | €14,262 | €16,877 | +€2,615 | +18.3% |
| Other amounts payable | 47/48 | €1,390,551 | €1,272,825 | -€117,726 | -8.5% |
| Accrued charges and deferred income | 492/3 | €62,500 | €25,300 | -€37,200 | -59.5% |
| Non-recurring operating income | 76A | €664,660 | €0 | -€664,660 | -100.0% |
| Remuneration, social security and pensions | 62 | €24,542 | €24,491 | -€51 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,970 | €176,224 | -€38,747 | -18.0% |
| Other operating charges | 640/8 | €22,703 | €21,617 | -€1,086 | -4.8% |
| Non-recurring operating charges | 66A | - | €40,000 | +€40,000 | |
| Gross operating margin | 9900 | €728,258 | €47,740 | -€680,518 | -93.4% |
| Operating profit (loss) | 9901 | €466,043 | -€214,592 | -€680,635 | |
| Financial income | 75/76B | €122,733 | €105,882 | -€16,852 | -13.7% |
| Recurring financial income | 75 | €122,733 | €105,882 | -€16,852 | -13.7% |
| Financial charges | 65/66B | €225,806 | -€80,496 | -€306,301 | |
| Recurring financial charges | 65 | €225,806 | -€80,496 | -€306,301 | |
| Profit (loss) for the period before taxes | 9903 | €362,970 | -€28,215 | -€391,185 | |
| Transfer from deferred taxes | 780 | €6,108 | €6,108 | = | 0.0% |
| Transfer to deferred taxes | 680 | €165,415 | €0 | -€165,415 | -100.0% |
| Income taxes | 67/77 | €116,211 | €448 | -€115,763 | -99.6% |
| Profit (loss) for the period | 9904 | €87,453 | -€22,555 | -€110,007 | |
| Transfer from tax-exempt reserves | 789 | €15,627 | €15,627 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €496,245 | €0 | -€496,245 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€393,166 | -€6,928 | +€386,238 | +98.2% |
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 10 October 2026 via checked.be.