DUB FICTION: 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.
DUB FICTION
Largest movements
- Receivables within one year +€68,463
up €68,463 (+27.9%), from €245,060 to €313,523
of which Trade receivables: +€66,794
- Cash +€27,529
up €27,529 (+713%), from €3,860 to €31,389
mainly Tax, wage and social debts (+€67,516) and Net result for the year (+€32,955)
- Deferred charges and accrued income -€7,879
down €7,879 (-73.9%), from €10,668 to €2,789
- Tangible fixed assets -€4,061
down €4,061 (-12.6%), from €32,319 to €28,258
of which Furniture and vehicles: -€4,199
- Tax, wage and social debts +€67,516
up €67,516 (+144%), from €46,977 to €114,493
of which Remuneration and social security: +€53,160
- Profit (loss) carried forward +€32,955
up €32,955 (+37.0%), from €89,165 to €122,120
- Debts after one year -€14,831
down €14,831 (-72.1%), from €20,562 to €5,731
- Other debts -€3,810
down €3,810 (-63.3%), from €6,015 to €2,205
- Gross operating margin +€544,086
up €544,086 (+273%), from €199,396 to €743,482
- Staff costs +€441,982
up €441,982 (+173%), from €255,602 to €697,584
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 | €292,855 | €376,907 | +€84,052 | +28.7% |
| Fixed assets | 21/28 | €33,267 | €29,206 | -€4,061 | -12.2% |
| Tangible fixed assets | 22/27 | €32,319 | €28,258 | -€4,061 | -12.6% |
| Plant, machinery and equipment | 23 | €854 | €992 | +€138 | +16.2% |
| Furniture and vehicles | 24 | €31,465 | €27,266 | -€4,199 | -13.3% |
| Financial fixed assets | 28 | €948 | €948 | = | 0.0% |
| Current assets | 29/58 | €259,588 | €347,701 | +€88,113 | +33.9% |
| Amounts receivable within one year | 40/41 | €245,060 | €313,523 | +€68,463 | +27.9% |
| Trade receivables | 40 | €206,176 | €272,970 | +€66,794 | +32.4% |
| Other amounts receivable | 41 | €38,884 | €40,553 | +€1,669 | +4.3% |
| Cash at bank and in hand | 54/58 | €3,860 | €31,389 | +€27,529 | +713% |
| Deferred charges and accrued income | 490/1 | €10,668 | €2,789 | -€7,879 | -73.9% |
| Total equity and liabilities | 10/49 | €292,855 | €376,907 | +€84,052 | +28.7% |
| Equity | 10/15 | €107,225 | €140,180 | +€32,955 | +30.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,165 | €122,120 | +€32,955 | +37.0% |
| Amounts payable | 17/49 | €185,630 | €236,727 | +€51,097 | +27.5% |
| Amounts payable after more than one year | 17 | €20,562 | €5,731 | -€14,831 | -72.1% |
| Financial debts | 170/4 | €20,562 | €5,731 | -€14,831 | -72.1% |
| Amounts payable within one year | 42/48 | €165,068 | €230,996 | +€65,928 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €14,046 | €14,831 | +€785 | +5.6% |
| Trade debts | 44 | €98,030 | €99,467 | +€1,437 | +1.5% |
| Suppliers | 440/4 | €98,030 | €99,467 | +€1,437 | +1.5% |
| Taxes, remuneration and social security | 45 | €46,977 | €114,493 | +€67,516 | +144% |
| Taxes | 450/3 | €4,198 | €18,554 | +€14,356 | +342% |
| Remuneration and social security | 454/9 | €42,779 | €95,939 | +€53,160 | +124% |
| Other amounts payable | 47/48 | €6,015 | €2,205 | -€3,810 | -63.3% |
| Remuneration, social security and pensions | 62 | €255,602 | €697,584 | +€441,982 | +173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,760 | €10,321 | -€439 | -4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,550 | +€2,550 | |
| Other operating charges | 640/8 | €763 | €1,019 | +€256 | +33.6% |
| Gross operating margin | 9900 | €199,396 | €743,482 | +€544,086 | +273% |
| Operating profit (loss) | 9901 | -€67,729 | €32,008 | +€99,737 | |
| Financial income | 75/76B | €1,221 | €5,520 | +€4,299 | +352% |
| Recurring financial income | 75 | €1,221 | €5,520 | +€4,299 | +352% |
| Financial charges | 65/66B | €7,186 | €4,169 | -€3,017 | -42.0% |
| Recurring financial charges | 65 | €7,186 | €4,169 | -€3,017 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | -€73,694 | €33,359 | +€107,053 | |
| Income taxes | 67/77 | - | €404 | +€404 | |
| Profit (loss) for the period | 9904 | -€73,694 | €32,955 | +€106,649 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,694 | €32,955 | +€106,649 |
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 28 October 2026 via checked.be.