DUBAVO: 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.
DUBAVO
Largest movements
- Receivables within one year -€197,224
down €197,224 (-18.1%), from €1.1m to €891,685
of which Trade receivables: -€152,635
- Stocks and contracts -€147,238
down €147,238 (-11.2%), from €1.3m to €1.2m
- Tangible fixed assets -€136,783
down €136,783 (-8.5%), from €1.6m to €1.5m
of which Land and buildings: -€106,568
- Other debts -€251,238
down €251,238 (-66.7%), from €376,772 to €125,534
- Reserves -€69,927
down €69,927 (-2.6%), from €2.7m to €2.6m
of which Distributable reserves: -€69,927
- Trade debts -€69,637
down €69,637 (-11.3%), from €615,694 to €546,057
- Debts after one year -€60,272
down €60,272 (-10.3%), from €584,595 to €524,323
of which Other amounts payable: -€50,000
- Gross operating margin +€247,390
up €247,390 (+68.4%), from €361,696 to €609,086
- Staff costs +€73,618
up €73,618 (+17.2%), from €428,129 to €501,747
- Depreciation -€18,446
down €18,446 (-8.8%), from €210,558 to €192,112
- Financial income +€17,901
up €17,901 (+65.5%), from €27,339 to €45,241
- Other operating charges -€11,854
down €11,854 (-40.2%), from €29,523 to €17,669
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.
Cash bridge derived
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 | €4,442,219 | €3,968,900 | -€473,318 | -10.7% |
| Fixed assets | 21/28 | €1,694,525 | €1,559,302 | -€135,223 | -8.0% |
| Intangible fixed assets | 21 | €78,738 | €80,298 | +€1,560 | +2.0% |
| Tangible fixed assets | 22/27 | €1,613,287 | €1,476,504 | -€136,783 | -8.5% |
| Land and buildings | 22 | €1,525,683 | €1,419,115 | -€106,568 | -7.0% |
| Plant, machinery and equipment | 23 | €9,585 | €6,416 | -€3,169 | -33.1% |
| Furniture and vehicles | 24 | €78,019 | €50,972 | -€27,046 | -34.7% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €2,747,694 | €2,409,599 | -€338,095 | -12.3% |
| Stocks and contracts in progress | 3 | €1,308,964 | €1,161,725 | -€147,238 | -11.2% |
| Stocks | 30/36 | €1,308,964 | €1,161,725 | -€147,238 | -11.2% |
| Amounts receivable within one year | 40/41 | €1,088,909 | €891,685 | -€197,224 | -18.1% |
| Trade receivables | 40 | €1,041,990 | €889,354 | -€152,635 | -14.6% |
| Other amounts receivable | 41 | €46,919 | €2,330 | -€44,589 | -95.0% |
| Cash at bank and in hand | 54/58 | €347,222 | €354,828 | +€7,606 | +2.2% |
| Deferred charges and accrued income | 490/1 | €2,600 | €1,361 | -€1,239 | -47.7% |
| Total equity and liabilities | 10/49 | €4,442,219 | €3,968,900 | -€473,318 | -10.7% |
| Equity | 10/15 | €2,760,725 | €2,690,798 | -€69,927 | -2.5% |
| Contributions | 10/11 | €81,000 | €81,000 | = | 0.0% |
| Capital | 10 | €81,000 | €81,000 | = | 0.0% |
| Issued capital | 100 | €81,000 | €81,000 | = | 0.0% |
| Reserves | 13 | €2,679,725 | €2,609,798 | -€69,927 | -2.6% |
| Non-distributable reserves | 130/1 | €8,100 | €8,100 | = | 0.0% |
| Legal reserve | 130 | €8,100 | €8,100 | = | 0.0% |
| Distributable reserves | 133 | €2,671,625 | €2,601,698 | -€69,927 | -2.6% |
| Amounts payable | 17/49 | €1,681,494 | €1,278,103 | -€403,391 | -24.0% |
| Amounts payable after more than one year | 17 | €584,595 | €524,323 | -€60,272 | -10.3% |
| Financial debts | 170/4 | €179,595 | €169,323 | -€10,272 | -5.7% |
| Other amounts payable | 178/9 | €405,000 | €355,000 | -€50,000 | -12.3% |
| Amounts payable within one year | 42/48 | €1,096,898 | €753,779 | -€343,119 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €9,886 | €26,361 | +€16,475 | +166.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €615,694 | €546,057 | -€69,637 | -11.3% |
| Suppliers | 440/4 | €615,694 | €546,057 | -€69,637 | -11.3% |
| Taxes, remuneration and social security | 45 | €94,546 | €55,827 | -€38,719 | -41.0% |
| Taxes | 450/3 | €43,355 | €3,405 | -€39,950 | -92.1% |
| Remuneration and social security | 454/9 | €51,191 | €52,422 | +€1,231 | +2.4% |
| Other amounts payable | 47/48 | €376,772 | €125,534 | -€251,238 | -66.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €428,129 | €501,747 | +€73,618 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,558 | €192,112 | -€18,446 | -8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,225 | €0 | +€6,225 | |
| Other operating charges | 640/8 | €29,523 | €17,669 | -€11,854 | -40.2% |
| Gross operating margin | 9900 | €361,696 | €609,086 | +€247,390 | +68.4% |
| Operating profit (loss) | 9901 | -€300,289 | -€102,442 | +€197,846 | +65.9% |
| Financial income | 75/76B | €27,339 | €45,241 | +€17,901 | +65.5% |
| Recurring financial income | 75 | €27,339 | €45,241 | +€17,901 | +65.5% |
| Financial charges | 65/66B | €11,852 | €12,161 | +€309 | +2.6% |
| Recurring financial charges | 65 | €11,852 | €12,161 | +€309 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€284,801 | -€69,362 | +€215,439 | +75.6% |
| Income taxes | 67/77 | €782 | €565 | -€217 | -27.8% |
| Profit (loss) for the period | 9904 | -€285,583 | -€69,927 | +€215,656 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€285,583 | -€69,927 | +€215,656 | +75.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.