Dubaere 2.0: 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.
Dubaere 2.0
Largest movements
- Cash +€113,695
up €113,695 (+73.5%), from €154,763 to €268,459
mainly Net result for the year (+€106,745) and Depreciation (+€71,102)
- Stocks and contracts -€56,040
down €56,040 (-15.0%), from €374,040 to €318,000
- Tangible fixed assets -€45,462
down €45,462 (-26.7%), from €170,128 to €124,666
of which Leasing and similar rights: -€28,286
- Current investments +€15,522
up €15,522 (+3.6%), from €425,483 to €441,006
- Reserves +€77,079
up €77,079 (+7.9%), from €981,499 to €1.1m
of which Distributable reserves: +€77,079
- Debts after one year -€41,819
down €41,819 (-61.6%), from €67,933 to €26,114
- Gross operating margin -€15,259
down €15,259 (-5.2%), from €294,714 to €279,455
- Financial income +€6,908
up €6,908 (+80.4%), from €8,594 to €15,502
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 | €1,164,877 | €1,204,773 | +€39,896 | +3.4% |
| Fixed assets | 21/28 | €170,323 | €124,861 | -€45,462 | -26.7% |
| Tangible fixed assets | 22/27 | €170,128 | €124,666 | -€45,462 | -26.7% |
| Land and buildings | 22 | €49,033 | €38,754 | -€10,280 | -21.0% |
| Plant, machinery and equipment | 23 | €28,254 | €33,088 | +€4,833 | +17.1% |
| Furniture and vehicles | 24 | €36,269 | €24,539 | -€11,730 | -32.3% |
| Leasing and similar rights | 25 | €56,571 | €28,286 | -€28,286 | -50.0% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €994,554 | €1,079,912 | +€85,358 | +8.6% |
| Stocks and contracts in progress | 3 | €374,040 | €318,000 | -€56,040 | -15.0% |
| Stocks | 30/36 | €374,040 | €318,000 | -€56,040 | -15.0% |
| Amounts receivable within one year | 40/41 | €28,947 | €40,723 | +€11,776 | +40.7% |
| Trade receivables | 40 | €18,332 | €26,455 | +€8,123 | +44.3% |
| Other amounts receivable | 41 | €10,614 | €14,268 | +€3,653 | +34.4% |
| Current investments | 50/53 | €425,483 | €441,006 | +€15,522 | +3.6% |
| Cash at bank and in hand | 54/58 | €154,763 | €268,459 | +€113,695 | +73.5% |
| Deferred charges and accrued income | 490/1 | €11,321 | €11,725 | +€404 | +3.6% |
| Total equity and liabilities | 10/49 | €1,164,877 | €1,204,773 | +€39,896 | +3.4% |
| Equity | 10/15 | €1,000,049 | €1,077,127 | +€77,079 | +7.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €981,499 | €1,058,577 | +€77,079 | +7.9% |
| Tax-exempt reserves | 132 | €189,450 | €189,450 | = | 0.0% |
| Distributable reserves | 133 | €792,049 | €869,127 | +€77,079 | +9.7% |
| Amounts payable | 17/49 | €164,828 | €127,646 | -€37,182 | -22.6% |
| Amounts payable after more than one year | 17 | €67,933 | €26,114 | -€41,819 | -61.6% |
| Financial debts | 170/4 | €67,933 | €26,114 | -€41,819 | -61.6% |
| Amounts payable within one year | 42/48 | €96,895 | €101,531 | +€4,637 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €44,085 | €41,819 | -€2,266 | -5.1% |
| Financial debts | 43 | €524 | €2,329 | +€1,805 | +345% |
| Credit institutions | 430/8 | €524 | €2,329 | +€1,805 | +345% |
| Trade debts | 44 | €38,138 | €31,283 | -€6,855 | -18.0% |
| Suppliers | 440/4 | €38,138 | €31,283 | -€6,855 | -18.0% |
| Taxes, remuneration and social security | 45 | €9,880 | €21,327 | +€11,447 | +116% |
| Taxes | 450/3 | €3,269 | €14,025 | +€10,756 | +329% |
| Remuneration and social security | 454/9 | €6,612 | €7,302 | +€691 | +10.4% |
| Other amounts payable | 47/48 | €4,268 | €4,774 | +€506 | +11.9% |
| Remuneration, social security and pensions | 62 | €61,158 | €62,499 | +€1,341 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,063 | €71,102 | -€1,961 | -2.7% |
| Other operating charges | 640/8 | €9,720 | €9,167 | -€552 | -5.7% |
| Gross operating margin | 9900 | €294,714 | €279,455 | -€15,259 | -5.2% |
| Operating profit (loss) | 9901 | €150,773 | €136,687 | -€14,086 | -9.3% |
| Financial income | 75/76B | €8,594 | €15,502 | +€6,908 | +80.4% |
| Recurring financial income | 75 | €8,594 | €15,502 | +€6,908 | +80.4% |
| Financial charges | 65/66B | €5,287 | €4,317 | -€970 | -18.4% |
| Recurring financial charges | 65 | €5,287 | €4,317 | -€970 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €154,080 | €147,872 | -€6,208 | -4.0% |
| Income taxes | 67/77 | €40,991 | €41,127 | +€136 | +0.3% |
| Profit (loss) for the period | 9904 | €113,088 | €106,745 | -€6,344 | -5.6% |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,988 | €106,745 | +€35,756 | +50.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.