DUBAI: what changed
Two fiscal 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.
DUBAI
Largest movements
- Cash +€325,202
new in 2024: €325,202
mainly Net result for the year (+€178,705) and Investment in fixed assets (net) (+€161,272)
- Tangible fixed assets -€161,272
no longer reported in 2024 (was €161,272)
of which Land and buildings: -€154,102
- Reserves +€161,364
up €161,364 (+8675.5%), from €1,860 to €163,224
of which Distributable reserves: +€163,224
- Tax, wage and social debts +€60,946
new in 2024: €60,946
- Other debts -€51,854
down €51,854 (-39.1%), from €132,554 to €80,700
- Debts after one year -€18,534
no longer reported in 2024 (was €18,534)
- Profit (loss) carried forward +€17,341
up €17,341, from -€16,478 to €863
- Gross operating margin +€226,464
up €226,464 (+1589.0%), from €14,252 to €240,716
- Taxes +€56,831
up €56,831 (+1381.0%), from €4,115 to €60,946
- Depreciation -€7,879
no longer reported in 2024 (was €7,879)
- Other operating charges -€3,111
down €3,111 (-84.8%), from €3,669 to €559
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,272 | €325,202 | +€163,930 | +101.6% |
| Fixed assets | 21/28 | €161,272 | - | -€161,272 | |
| Tangible fixed assets | 22/27 | €161,272 | - | -€161,272 | |
| Land and buildings | 22 | €154,102 | - | -€154,102 | |
| Plant, machinery and equipment | 23 | €7,170 | - | -€7,170 | |
| Current assets | 29/58 | - | €325,202 | +€325,202 | |
| Cash at bank and in hand | 54/58 | - | €325,202 | +€325,202 | |
| Total equity and liabilities | 10/49 | €161,272 | €325,202 | +€163,930 | +101.6% |
| Equity | 10/15 | €3,982 | €182,687 | +€178,705 | +4487.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €163,224 | +€161,364 | +8675.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €163,224 | +€163,224 | |
| Profit (loss) carried forward | 14 | -€16,478 | €863 | +€17,341 | |
| Amounts payable | 17/49 | €157,290 | €142,515 | -€14,775 | -9.4% |
| Amounts payable after more than one year | 17 | €18,534 | - | -€18,534 | |
| Financial debts | 170/4 | €18,534 | - | -€18,534 | |
| Amounts payable within one year | 42/48 | €138,756 | €142,515 | +€3,760 | +2.7% |
| Financial debts | 43 | €4,966 | - | -€4,966 | |
| Credit institutions | 430/8 | €4,966 | - | -€4,966 | |
| Trade debts | 44 | €1,237 | €870 | -€367 | -29.7% |
| Suppliers | 440/4 | €1,237 | €870 | -€367 | -29.7% |
| Taxes, remuneration and social security | 45 | - | €60,946 | +€60,946 | |
| Taxes | 450/3 | - | €60,946 | +€60,946 | |
| Other amounts payable | 47/48 | €132,554 | €80,700 | -€51,854 | -39.1% |
| Non-recurring operating income | 76A | - | €235,916 | +€235,916 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,879 | - | -€7,879 | |
| Other operating charges | 640/8 | €3,669 | €559 | -€3,111 | -84.8% |
| Gross operating margin | 9900 | €14,252 | €240,716 | +€226,464 | +1589.0% |
| Operating profit (loss) | 9901 | €2,704 | €240,157 | +€237,454 | +8783.2% |
| Financial charges | 65/66B | €931 | €507 | -€424 | -45.6% |
| Recurring financial charges | 65 | €931 | €507 | -€424 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €1,772 | €239,650 | +€237,878 | +13420.9% |
| Income taxes | 67/77 | €4,115 | €60,946 | +€56,831 | +1381.0% |
| Profit (loss) for the period | 9904 | -€2,343 | €178,705 | +€181,047 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,343 | €178,705 | +€181,047 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.