Dubeaual: 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.
Dubeaual
Largest movements
- Tangible fixed assets +€865,482
up €865,482 (+57.5%), from €1.5m to €2.4m
of which Land and buildings: +€867,966
- Stocks and contracts +€70,426
new in 2025: €70,426
- Revaluation surpluses +€919,752
new in 2025: €919,752
- Debts after one year -€97,494
down €97,494 (-8.3%), from €1.2m to €1.1m
of which Financial debts: -€97,494
- Other debts +€44,511
up €44,511 (+136%), from €32,785 to €77,296
- Profit (loss) carried forward +€39,582
up €39,582, from -€29,550 to €10,032
- Short-term financial debts +€29,000
up €29,000 (+24.0%), from €121,000 to €150,000
- Gross operating margin +€54,888
up €54,888 (+59.6%), from €92,120 to €147,008
- Financial charges -€9,781
down €9,781 (-19.0%), from €51,548 to €41,767
- Other operating charges -€7,370
down €7,370 (-40.9%), from €18,008 to €10,638
- Financial income -€1,547
down €1,547 (-100%), from €1,547 to €0
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 | €1,517,379 | €2,456,367 | +€938,988 | +61.9% |
| Fixed assets | 21/28 | €1,504,800 | €2,370,281 | +€865,482 | +57.5% |
| Tangible fixed assets | 22/27 | €1,504,800 | €2,370,281 | +€865,482 | +57.5% |
| Land and buildings | 22 | €1,488,687 | €2,356,653 | +€867,966 | +58.3% |
| Plant, machinery and equipment | 23 | €786 | €302 | -€484 | -61.6% |
| Furniture and vehicles | 24 | €15,326 | €13,326 | -€2,000 | -13.0% |
| Current assets | 29/58 | €12,579 | €86,086 | +€73,506 | +584% |
| Stocks and contracts in progress | 3 | - | €70,426 | +€70,426 | |
| Stocks | 30/36 | - | €70,426 | +€70,426 | |
| Amounts receivable within one year | 40/41 | €2,913 | €9,076 | +€6,163 | +212% |
| Trade receivables | 40 | €470 | €8,021 | +€7,551 | +1,605% |
| Other amounts receivable | 41 | €2,443 | €1,055 | -€1,388 | -56.8% |
| Cash at bank and in hand | 54/58 | €8,691 | €4,966 | -€3,725 | -42.9% |
| Deferred charges and accrued income | 490/1 | €976 | €1,617 | +€642 | +65.8% |
| Total equity and liabilities | 10/49 | €1,517,379 | €2,456,367 | +€938,988 | +61.9% |
| Equity | 10/15 | €84,657 | €1,043,991 | +€959,334 | +1,133% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €919,752 | +€919,752 | |
| Reserves | 13 | €95,608 | €95,608 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,836 | €16,836 | = | 0.0% |
| Distributable reserves | 133 | €78,771 | €78,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,550 | €10,032 | +€39,582 | |
| Amounts payable | 17/49 | €1,432,722 | €1,412,376 | -€20,346 | -1.4% |
| Amounts payable after more than one year | 17 | €1,175,801 | €1,078,306 | -€97,494 | -8.3% |
| Financial debts | 170/4 | €1,171,826 | €1,074,331 | -€97,494 | -8.3% |
| Other amounts payable | 178/9 | €3,975 | €3,975 | = | 0.0% |
| Amounts payable within one year | 42/48 | €253,366 | €329,353 | +€75,987 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €94,130 | €94,494 | +€364 | +0.4% |
| Financial debts | 43 | €121,000 | €150,000 | +€29,000 | +24.0% |
| Credit institutions | 430/8 | €121,000 | €150,000 | +€29,000 | +24.0% |
| Trade debts | 44 | €4,614 | €5,506 | +€892 | +19.3% |
| Suppliers | 440/4 | €4,614 | €5,506 | +€892 | +19.3% |
| Advances received on contracts in progress | 46 | €550 | €550 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €288 | €1,507 | +€1,219 | +424% |
| Taxes | 450/3 | €288 | €1,507 | +€1,219 | +424% |
| Other amounts payable | 47/48 | €32,785 | €77,296 | +€44,511 | +136% |
| Accrued charges and deferred income | 492/3 | €3,555 | €4,717 | +€1,162 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,103 | €55,020 | -€1,083 | -1.9% |
| Other operating charges | 640/8 | €18,008 | €10,638 | -€7,370 | -40.9% |
| Gross operating margin | 9900 | €92,120 | €147,008 | +€54,888 | +59.6% |
| Operating profit (loss) | 9901 | €18,009 | €81,349 | +€63,341 | +352% |
| Financial income | 75/76B | €1,547 | €0 | -€1,547 | -100% |
| Recurring financial income | 75 | €1,547 | €0 | -€1,547 | -100% |
| Financial charges | 65/66B | €51,548 | €41,767 | -€9,781 | -19.0% |
| Recurring financial charges | 65 | €51,548 | €41,767 | -€9,781 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,992 | €39,582 | +€71,575 | |
| Profit (loss) for the period | 9904 | -€31,992 | €39,582 | +€71,575 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,992 | €39,582 | +€71,575 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.