DUBBELL: 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.
DUBBELL
Largest movements
- Cash -€135,483
down €135,483 (-69.2%), from €195,740 to €60,256
mainly Contributions, distributions and other (-€165,589) and Receivables within one year (-€46,498)
- Receivables within one year +€46,498
up €46,498 (+225.9%), from €20,583 to €67,081
of which Other amounts receivable: +€42,968
- Tangible fixed assets +€10,161
up €10,161 (+83.8%), from €12,129 to €22,290
of which Other tangible fixed assets: +€14,856
- Reserves -€67,233
down €67,233 (-34.4%), from €195,234 to €128,002
- Debts after one year -€4,625
no longer reported in 2025 (was €4,625)
- Tax, wage and social debts -€4,423
down €4,423 (-28.0%), from €15,806 to €11,383
- Gross operating margin +€5,416
up €5,416 (+4.2%), from €128,491 to €133,907
- Financial income -€2,286
down €2,286 (-60.1%), from €3,806 to €1,520
- Taxes +€1,564
up €1,564 (+5.5%), from €28,635 to €30,199
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 | €230,081 | €151,142 | -€78,938 | -34.3% |
| Fixed assets | 21/28 | €12,129 | €22,290 | +€10,161 | +83.8% |
| Tangible fixed assets | 22/27 | €12,129 | €22,290 | +€10,161 | +83.8% |
| Furniture and vehicles | 24 | €12,129 | €7,434 | -€4,695 | -38.7% |
| Other tangible fixed assets | 26 | - | €14,856 | +€14,856 | |
| Current assets | 29/58 | €217,952 | €128,853 | -€89,100 | -40.9% |
| Amounts receivable within one year | 40/41 | €20,583 | €67,081 | +€46,498 | +225.9% |
| Trade receivables | 40 | €20,583 | €24,113 | +€3,530 | +17.2% |
| Other amounts receivable | 41 | - | €42,968 | +€42,968 | |
| Cash at bank and in hand | 54/58 | €195,740 | €60,256 | -€135,483 | -69.2% |
| Deferred charges and accrued income | 490/1 | €1,629 | €1,515 | -€114 | -7.0% |
| Total equity and liabilities | 10/49 | €230,081 | €151,142 | -€78,938 | -34.3% |
| Equity | 10/15 | €200,234 | €133,002 | -€67,233 | -33.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €195,234 | €128,002 | -€67,233 | -34.4% |
| Distributable reserves | 133 | €195,234 | €128,002 | -€67,233 | -34.4% |
| Amounts payable | 17/49 | €29,847 | €18,141 | -€11,706 | -39.2% |
| Amounts payable after more than one year | 17 | €4,625 | - | -€4,625 | |
| Financial debts | 170/4 | €4,625 | - | -€4,625 | |
| Amounts payable within one year | 42/48 | €25,222 | €18,141 | -€7,081 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €5,996 | €4,625 | -€1,371 | -22.9% |
| Trade debts | 44 | €1,949 | €2,133 | +€184 | +9.4% |
| Suppliers | 440/4 | €1,949 | €2,133 | +€184 | +9.4% |
| Taxes, remuneration and social security | 45 | €15,806 | €11,383 | -€4,423 | -28.0% |
| Taxes | 450/3 | €15,806 | €11,383 | -€4,423 | -28.0% |
| Other amounts payable | 47/48 | €1,470 | - | -€1,470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,695 | €4,839 | +€144 | +3.1% |
| Other operating charges | 640/8 | €1,493 | €1,444 | -€49 | -3.3% |
| Gross operating margin | 9900 | €128,491 | €133,907 | +€5,416 | +4.2% |
| Operating profit (loss) | 9901 | €122,304 | €127,624 | +€5,321 | +4.4% |
| Financial income | 75/76B | €3,806 | €1,520 | -€2,286 | -60.1% |
| Recurring financial income | 75 | €3,806 | €1,520 | -€2,286 | -60.1% |
| Financial charges | 65/66B | €717 | €589 | -€128 | -17.9% |
| Recurring financial charges | 65 | €717 | €589 | -€128 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €125,392 | €128,556 | +€3,163 | +2.5% |
| Income taxes | 67/77 | €28,635 | €30,199 | +€1,564 | +5.5% |
| Profit (loss) for the period | 9904 | €96,757 | €98,356 | +€1,599 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,757 | €98,356 | +€1,599 | +1.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.