DUBART RONALD: what changed
DUBART RONALD
Largest movements
- Receivables within one year -€4,852
down €4,852 (-20.6%), from €23,578 to €18,726
of which Trade receivables: -€7,618
- Tangible fixed assets -€2,773
down €2,773 (-93.6%), from €2,964 to €191
of which Plant, machinery and equipment: -€1,418
- Cash -€2,632
no longer reported in 2025 (was €2,632)
mainly Net result for the year (-€8,401) and Tax, wage and social debts (-€5,633)
- Deferred charges and accrued income -€941
down €941 (-73.7%), from €1,277 to €336
- Profit (loss) carried forward -€9,356
down €9,356 (-68.0%), from €13,752 to €4,396
- Short-term financial debts +€6,993
new in 2025: €6,993
- Tax, wage and social debts -€5,633
down €5,633 (-91.9%), from €6,132 to €499
- Trade debts -€2,246
down €2,246 (-39.7%), from €5,656 to €3,410
- Other debts -€955
down €955 (-50.0%), from €1,910 to €955
- Gross operating margin -€17,055
down €17,055, from €11,921 to -€5,134
- Financial income +€946
up €946 (+455%), from €208 to €1,154
- Other operating charges +€571
up €571 (+453%), from €126 to €698
- Taxes -€459
no longer reported in 2025 (was €459)
- Financial charges +€429
up €429 (+82.2%), from €521 to €950
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,450 | €19,253 | -€11,197 | -36.8% |
| Fixed assets | 21/28 | €2,964 | €191 | -€2,773 | -93.6% |
| Tangible fixed assets | 22/27 | €2,964 | €191 | -€2,773 | -93.6% |
| Plant, machinery and equipment | 23 | €1,431 | €13 | -€1,418 | -99.1% |
| Furniture and vehicles | 24 | €1,533 | €178 | -€1,355 | -88.4% |
| Current assets | 29/58 | €27,487 | €19,062 | -€8,425 | -30.6% |
| Amounts receivable within one year | 40/41 | €23,578 | €18,726 | -€4,852 | -20.6% |
| Trade receivables | 40 | €7,813 | €195 | -€7,618 | -97.5% |
| Other amounts receivable | 41 | €15,765 | €18,531 | +€2,766 | +17.5% |
| Cash at bank and in hand | 54/58 | €2,632 | - | -€2,632 | |
| Deferred charges and accrued income | 490/1 | €1,277 | €336 | -€941 | -73.7% |
| Total equity and liabilities | 10/49 | €30,450 | €19,253 | -€11,197 | -36.8% |
| Equity | 10/15 | €16,752 | €7,396 | -€9,356 | -55.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,752 | €4,396 | -€9,356 | -68.0% |
| Amounts payable | 17/49 | €13,698 | €11,857 | -€1,842 | -13.4% |
| Amounts payable within one year | 42/48 | €13,698 | €11,857 | -€1,842 | -13.4% |
| Financial debts | 43 | - | €6,993 | +€6,993 | |
| Credit institutions | 430/8 | - | €6,993 | +€6,993 | |
| Trade debts | 44 | €5,656 | €3,410 | -€2,246 | -39.7% |
| Suppliers | 440/4 | €5,656 | €3,410 | -€2,246 | -39.7% |
| Taxes, remuneration and social security | 45 | €6,132 | €499 | -€5,633 | -91.9% |
| Taxes | 450/3 | €6,132 | €499 | -€5,633 | -91.9% |
| Other amounts payable | 47/48 | €1,910 | €955 | -€955 | -50.0% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,773 | €2,773 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €698 | +€571 | +453% |
| Non-recurring operating charges | 66A | €1,311 | - | -€1,311 | |
| Gross operating margin | 9900 | €11,921 | -€5,134 | -€17,055 | |
| Operating profit (loss) | 9901 | €7,712 | -€8,604 | -€16,316 | |
| Financial income | 75/76B | €208 | €1,154 | +€946 | +455% |
| Recurring financial income | 75 | €208 | €1,154 | +€946 | +455% |
| Financial charges | 65/66B | €521 | €950 | +€429 | +82.2% |
| Recurring financial charges | 65 | €521 | €950 | +€429 | +82.2% |
| Profit (loss) for the period before taxes | 9903 | €7,398 | -€8,401 | -€15,799 | |
| Income taxes | 67/77 | €459 | - | -€459 | |
| Profit (loss) for the period | 9904 | €6,940 | -€8,401 | -€15,340 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,940 | -€8,401 | -€15,340 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.