DUBAUW: 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.
DUBAUW
Largest movements
- Cash -€47,065
down €47,065 (-59.2%), from €79,451 to €32,386
mainly Investment in fixed assets (net) (-€53,530) and Debts after one year (-€13,071)
- Tangible fixed assets +€41,918
up €41,918 (+58.2%), from €72,073 to €113,991
of which Furniture and vehicles: +€50,168
- Debts after one year -€13,071
down €13,071 (-19.3%), from €67,790 to €54,719
- Reserves +€6,936
up €6,936 (+13.6%), from €51,173 to €58,109
- Trade debts +€1,695
up €1,695 (+1,316%), from €129 to €1,824
- Tax, wage and social debts -€1,645
down €1,645 (-37.6%), from €4,377 to €2,732
of which Taxes: -€4,377
- Other debts +€1,606
up €1,606 (+55.7%), from €2,885 to €4,491
- Depreciation +€2,654
up €2,654 (+29.6%), from €8,958 to €11,612
- Taxes +€1,584
up €1,584 (+73.1%), from €2,168 to €3,753
- Gross operating margin -€1,437
down €1,437 (-4.5%), from €32,237 to €30,801
- Financial charges -€413
down €413 (-12.8%), from €3,214 to €2,802
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 | €157,553 | €153,563 | -€3,990 | -2.5% |
| Fixed assets | 21/28 | €72,073 | €113,991 | +€41,918 | +58.2% |
| Tangible fixed assets | 22/27 | €72,073 | €113,991 | +€41,918 | +58.2% |
| Land and buildings | 22 | €37,614 | €35,964 | -€1,650 | -4.4% |
| Furniture and vehicles | 24 | €1,360 | €51,527 | +€50,168 | +3,690% |
| Other tangible fixed assets | 26 | €33,100 | €26,500 | -€6,600 | -19.9% |
| Current assets | 29/58 | €85,480 | €39,572 | -€45,908 | -53.7% |
| Amounts receivable within one year | 40/41 | €5,336 | €4,956 | -€380 | -7.1% |
| Trade receivables | 40 | €5,336 | €1,425 | -€3,912 | -73.3% |
| Other amounts receivable | 41 | €0 | €3,532 | +€3,532 | |
| Cash at bank and in hand | 54/58 | €79,451 | €32,386 | -€47,065 | -59.2% |
| Deferred charges and accrued income | 490/1 | €693 | €2,229 | +€1,537 | +222% |
| Total equity and liabilities | 10/49 | €157,553 | €153,563 | -€3,990 | -2.5% |
| Equity | 10/15 | €69,765 | €76,701 | +€6,936 | +9.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €51,173 | €58,109 | +€6,936 | +13.6% |
| Distributable reserves | 133 | €51,173 | €58,109 | +€6,936 | +13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,788 | €76,862 | -€10,926 | -12.4% |
| Amounts payable after more than one year | 17 | €67,790 | €54,719 | -€13,071 | -19.3% |
| Financial debts | 170/4 | €67,790 | €54,719 | -€13,071 | -19.3% |
| Amounts payable within one year | 42/48 | €19,998 | €22,143 | +€2,145 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €12,607 | €13,096 | +€489 | +3.9% |
| Trade debts | 44 | €129 | €1,824 | +€1,695 | +1,316% |
| Suppliers | 440/4 | €129 | €1,824 | +€1,695 | +1,316% |
| Taxes, remuneration and social security | 45 | €4,377 | €2,732 | -€1,645 | -37.6% |
| Taxes | 450/3 | €4,377 | €0 | -€4,377 | -100% |
| Remuneration and social security | 454/9 | €0 | €2,732 | +€2,732 | |
| Other amounts payable | 47/48 | €2,885 | €4,491 | +€1,606 | +55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,958 | €11,612 | +€2,654 | +29.6% |
| Other operating charges | 640/8 | €3,542 | €3,783 | +€241 | +6.8% |
| Non-recurring operating charges | 66A | - | €249 | +€249 | |
| Gross operating margin | 9900 | €32,237 | €30,801 | -€1,437 | -4.5% |
| Operating profit (loss) | 9901 | €19,737 | €15,156 | -€4,580 | -23.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,214 | €2,802 | -€413 | -12.8% |
| Recurring financial charges | 65 | €3,214 | €2,802 | -€413 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €16,523 | €12,355 | -€4,168 | -25.2% |
| Income taxes | 67/77 | €2,168 | €3,753 | +€1,584 | +73.1% |
| Profit (loss) for the period | 9904 | €14,354 | €8,602 | -€5,752 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,354 | €8,602 | -€5,752 | -40.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.