DUBAERE: what changed
What changed
DUBAERE
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · -€614,091+€1.9m
Equity
€17.2m
2024 · €15.9m+€1.3m
Cash
€539,323
2024 · €198,977+€340,346
Balance sheet total
€35.3m
2024 · €35.5m-€176,996
Largest movements
Assets
- Stocks and contracts -€2.5m
down €2.5m (-15.4%), from €15.9m to €13.4m
- Deferred charges and accrued income +€1.3m
up €1.3m (+149%), from €869,684 to €2.2m
- Receivables within one year +€994,083
up €994,083 (+6.4%), from €15.5m to €16.5m
of which Trade receivables: +€1.3m
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+8.9%), from €15.1m to €16.4m
of which Distributable reserves: +€1.3m
- Trade debts -€1.2m
down €1.2m (-6.6%), from €17.7m to €16.5m
- Provisions -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Tax, wage and social debts +€823,000
up €823,000 (+234%), from €351,203 to €1.2m
of which Taxes: +€789,020
Income statement
- Turnover +€5.7m
up €5.7m (+6.9%), from €82.5m to €88.2m
- Goods and materials +€4.5m
up €4.5m (+6.1%), from €74.8m to €79.3m
of which Change in stocks: decrease (increase): +€3.1m
- Provisions -€1.1m
down €1.1m, from €0 to -€1.1m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€614,091
Turnover
+€5.7m
Other operating income
-€97,317
Goods and materials
-€4.5m
Services and other goods
+€62,013
Staff costs
-€76,165
Depreciation
+€12,908
Write-downs
-€329,573
Provisions
+€1.1m
Other operating charges
-€15,978
Other operating items
+€180,706
Financial income
+€24,856
Financial charges
-€76,283
Taxes
-€459
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€533,090
Investment
-€96,824
Financing
-€95,920
Cash 2024
€198,977
From operations (derived)
+€533,090
Net result for the year
+€1.3m
Depreciation
+€451,345
Stocks and contracts
+€2.5m
Receivables within one year
-€994,083
Deferred charges and accrued income
-€1.3m
Provisions
-€1.1m
Trade debts
-€1.2m
Tax, wage and social debts
+€823,000
Accrued charges and deferred income
-€1,904
Investment (derived)
-€96,824
Investment in fixed assets (net)
-€96,824
Financing
-€95,920
Debts after one year
-€87,982
Current portion of long-term debt
-€7,938
Cash 2025
€539,323
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,516,509 | €35,339,512 | -€176,996 | -0.5% |
| Fixed assets | 21/28 | €3,078,081 | €2,723,559 | -€354,522 | -11.5% |
| Intangible fixed assets | 21 | €72,949 | €67,615 | -€5,334 | -7.3% |
| Tangible fixed assets | 22/27 | €2,887,410 | €2,538,043 | -€349,367 | -12.1% |
| Land and buildings | 22 | €1,945,119 | €1,770,856 | -€174,263 | -9.0% |
| Plant, machinery and equipment | 23 | €348,730 | €266,120 | -€82,610 | -23.7% |
| Furniture and vehicles | 24 | €183,588 | €127,991 | -€55,597 | -30.3% |
| Other tangible fixed assets | 26 | €409,972 | €373,076 | -€36,897 | -9.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €117,722 | €117,902 | +€180 | +0.2% |
| Affiliated companies | 280/1 | €107,500 | €107,500 | = | 0.0% |
| Amounts receivable | 281 | €107,500 | €107,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,222 | €10,402 | +€180 | +1.8% |
| Amounts receivable and cash guarantees | 285/8 | €10,222 | €10,402 | +€180 | +1.8% |
| Current assets | 29/58 | €32,438,428 | €32,615,953 | +€177,525 | +0.5% |
| Stocks and contracts in progress | 3 | €15,900,898 | €13,445,728 | -€2.5m | -15.4% |
| Stocks | 30/36 | €15,900,898 | €13,445,728 | -€2.5m | -15.4% |
| Goods purchased for resale | 34 | €15,900,898 | €13,445,728 | -€2.5m | -15.4% |
| Amounts receivable within one year | 40/41 | €15,468,869 | €16,462,952 | +€994,083 | +6.4% |
| Trade receivables | 40 | €14,935,349 | €16,194,658 | +€1.3m | +8.4% |
| Other amounts receivable | 41 | €533,520 | €268,294 | -€265,226 | -49.7% |
| Cash at bank and in hand | 54/58 | €198,977 | €539,323 | +€340,346 | +171% |
| Deferred charges and accrued income | 490/1 | €869,684 | €2,167,950 | +€1.3m | +149% |
| Total equity and liabilities | 10/49 | €35,516,509 | €35,339,512 | -€176,996 | -0.5% |
| Equity | 10/15 | €15,869,801 | €17,205,641 | +€1.3m | +8.4% |
| Contributions | 10/11 | €812,071 | €812,071 | = | 0.0% |
| Capital | 10 | €812,071 | €812,071 | = | 0.0% |
| Issued capital | 100 | €812,071 | €812,071 | = | 0.0% |
| Reserves | 13 | €15,057,731 | €16,393,570 | +€1.3m | +8.9% |
| Non-distributable reserves | 130/1 | €81,207 | €81,207 | = | 0.0% |
| Legal reserve | 130 | €81,207 | €81,207 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €14,976,524 | €16,312,363 | +€1.3m | +8.9% |
| Provisions and deferred taxes | 16 | €1,075,316 | €0 | -€1.1m | -100% |
| Provisions for liabilities and charges | 160/5 | €1,075,316 | €0 | -€1.1m | -100% |
| Other liabilities and charges | 164/5 | €1,075,316 | €0 | -€1.1m | -100% |
| Amounts payable | 17/49 | €18,571,391 | €18,133,872 | -€437,520 | -2.4% |
| Amounts payable after more than one year | 17 | €432,982 | €345,000 | -€87,982 | -20.3% |
| Financial debts | 170/4 | €432,982 | €345,000 | -€87,982 | -20.3% |
| Credit institutions | 173 | €432,982 | €345,000 | -€87,982 | -20.3% |
| Amounts payable within one year | 42/48 | €18,133,521 | €17,785,887 | -€347,634 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €95,920 | €87,982 | -€7,938 | -8.3% |
| Trade debts | 44 | €17,667,791 | €16,505,094 | -€1.2m | -6.6% |
| Suppliers | 440/4 | €17,667,791 | €16,505,094 | -€1.2m | -6.6% |
| Taxes, remuneration and social security | 45 | €351,203 | €1,174,203 | +€823,000 | +234% |
| Taxes | 450/3 | €139,316 | €928,336 | +€789,020 | +566% |
| Remuneration and social security | 454/9 | €211,886 | €245,867 | +€33,980 | +16.0% |
| Other amounts payable | 47/48 | €18,608 | €18,608 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,889 | €2,985 | -€1,904 | -38.9% |
| Operating income | 70/76A | €83,222,968 | €89,088,128 | +€5.9m | +7.0% |
| Turnover | 70 | €82,474,013 | €88,189,818 | +€5.7m | +6.9% |
| Other operating income | 74 | €719,074 | €621,757 | -€97,317 | -13.5% |
| Non-recurring operating income | 76A | €29,882 | €276,554 | +€246,672 | +825% |
| Operating charges | 60/66A | €83,802,166 | €87,665,509 | +€3.9m | +4.6% |
| Goods for resale, raw materials and consumables | 60 | €74,753,600 | €79,279,498 | +€4.5m | +6.1% |
| Purchases | 600/8 | €75,355,874 | €76,824,329 | +€1.5m | +1.9% |
| Change in stocks: decrease (increase) | 609 | -€602,274 | €2,455,170 | +€3.1m | |
| Services and other goods | 61 | €7,535,305 | €7,473,292 | -€62,013 | -0.8% |
| Remuneration, social security and pensions | 62 | €1,274,441 | €1,350,606 | +€76,165 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €464,254 | €451,345 | -€12,908 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€355,574 | -€26,001 | +€329,573 | +92.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€1,075,316 | -€1.1m | |
| Other operating charges | 640/8 | €130,141 | €146,119 | +€15,978 | +12.3% |
| Non-recurring operating charges | 66A | - | €65,966 | +€65,966 | |
| Operating profit (loss) | 9901 | -€579,198 | €1,422,619 | +€2.0m | |
| Financial income | 75/76B | €244,611 | €269,467 | +€24,856 | +10.2% |
| Recurring financial income | 75 | €244,611 | €269,467 | +€24,856 | +10.2% |
| Income from current assets | 751 | €109,231 | €47,295 | -€61,936 | -56.7% |
| Other financial income | 752/9 | €135,380 | €222,172 | +€86,792 | +64.1% |
| Financial charges | 65/66B | €278,234 | €354,517 | +€76,283 | +27.4% |
| Recurring financial charges | 65 | €278,234 | €354,517 | +€76,283 | +27.4% |
| Debt charges | 650 | €78,372 | €169,728 | +€91,356 | +117% |
| Other financial charges | 652/9 | €199,862 | €184,789 | -€15,073 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€612,821 | €1,337,569 | +€2.0m | |
| Income taxes | 67/77 | €1,271 | €1,730 | +€459 | +36.2% |
| Taxes | 670/3 | €1,286 | €1,730 | +€444 | +34.5% |
| Tax adjustments and reversals of tax provisions | 77 | €15 | €0 | -€15 | -100% |
| Profit (loss) for the period | 9904 | -€614,091 | €1,335,839 | +€1.9m | |
| Transfer from tax-exempt reserves | 789 | €26,365 | €0 | -€26,365 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€587,726 | €1,335,839 | +€1.9m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.